Economics Thread
- Thread starter sturg33
- Start date
nsacpi
Expects Yuge Games
Life expectancy Massachusetts 80.4 (not as high as New York and California) Oklahoma 75.7 (higher than 7 other ruby red states)
Overall the Real GDP growth per state has hit a wall for many of the blue states. You do know what that means, right?
Like I said these blue states are so good people are leaving them in bunches.
You also believed the American economy was great under Biden. What happened there?
sturg33
I
I remember when the academics changed the definition of recession because they didn't like one happened under Biden
cajunrevenge
Well-known member
I don't even know what he was supposed to have called but if we give him this one he is now 6-289. Quite the streak indeed. The Brooklyn Brawler of these forums if you will.
Tapate50
Well-known member
I believe whatever it is is up on you and most of the libs
cajunrevenge
Well-known member
Like when he said Trump would win in a landslide in 2020?
Maybe he was right that Trump found the fraud and Biden wouldn't be taking office?
Maybe he was right when he thought the Kraken lawsuit would change the election results.
Maybe he was right when he said fraud would be found and proven. 4+ years and still waiting.
Maybe he was right when he said the election would be decertified.
Maybe he was right that they caught the fraud on nursing homes....
Maybe he was right about some guy in Georgia spilling the beans on ballot harvesting.
Was he right that covid ended the day after the election?
Was he right that the Jan 6 terrorists convictions would be overturned due to new evidence?
Who was right about the verdicts of the Durham witch hunt?
He laughed at the idea Trump would try to stay in office after losing. How did that go?
He was wrong Trump wouldn't be indicted.
He got every Trump case wrong in fact.
That's just off the top of my head. I can't come up with much he was right about. He was right Trump won in 2024 but how do we know without a full forensic audit that he did win?
Maybe he was right that Trump found the fraud and Biden wouldn't be taking office?
Maybe he was right when he thought the Kraken lawsuit would change the election results.
Maybe he was right when he said fraud would be found and proven. 4+ years and still waiting.
Maybe he was right when he said the election would be decertified.
Maybe he was right that they caught the fraud on nursing homes....
Maybe he was right about some guy in Georgia spilling the beans on ballot harvesting.
Was he right that covid ended the day after the election?
Was he right that the Jan 6 terrorists convictions would be overturned due to new evidence?
Who was right about the verdicts of the Durham witch hunt?
He laughed at the idea Trump would try to stay in office after losing. How did that go?
He was wrong Trump wouldn't be indicted.
He got every Trump case wrong in fact.
That's just off the top of my head. I can't come up with much he was right about. He was right Trump won in 2024 but how do we know without a full forensic audit that he did win?
zitothebrave
Connoisseur of Minors
Inflation up, Retail spending down. Economy of trump is back baybee!!
Just want to make sure its officially Trumps economy so when it gets red hot at end of year its not 'Biden's economy paying dividends'.
acesfull86
Well-known member
https://www.wsj.com/opinion/reciprocal-tariffs-make-no-sense-duties-trade-economy-policy-china-d682c356?mod=opinion_lead_pos6
At an Oval Office press conference Thursday, President Trump confirmed that he’s going ahead with his reciprocal tariff plan. The U.S., he said, will impose the same tariffs on other countries as they impose on the U.S.: “No more, no less.” That sounds fair—we treat them the way they treat us—but it’s actually a terrible idea.
It amounts to outsourcing U.S. tariff policy to other countries. They would dictate what our tariffs would be. If other countries put high tariffs on American goods, then we would impose high tariffs on their goods. So much for American sovereignty. So much for deciding what’s in our own national interest. The British economist Joan Robinson once said that a country shouldn’t throw rocks into its own harbors just because other countries have rocky coasts. The same principle applies here: The U.S. shouldn’t have stupid tariff policies just because other countries have stupid tariff policies.
A reciprocal policy would enormously complicate the U.S. tariff system. The Harmonized Tariff Schedule of the U.S., which details individual rates on particular commodities, has about 13,000 line items. The U.S. trades with roughly 200 countries. Is Washington ready to impose and manage 2.6 million individual tariff rates? The lobbying pressures for exemptions and exceptions on the U.S. side would be enormous. This would fill the swamp, not drain it. Foreign exporters would go to great lengths either to get their products under a lower tariff classification or to transship them to another country to reduce the duty they would face.
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Not America first.
At an Oval Office press conference Thursday, President Trump confirmed that he’s going ahead with his reciprocal tariff plan. The U.S., he said, will impose the same tariffs on other countries as they impose on the U.S.: “No more, no less.” That sounds fair—we treat them the way they treat us—but it’s actually a terrible idea.
It amounts to outsourcing U.S. tariff policy to other countries. They would dictate what our tariffs would be. If other countries put high tariffs on American goods, then we would impose high tariffs on their goods. So much for American sovereignty. So much for deciding what’s in our own national interest. The British economist Joan Robinson once said that a country shouldn’t throw rocks into its own harbors just because other countries have rocky coasts. The same principle applies here: The U.S. shouldn’t have stupid tariff policies just because other countries have stupid tariff policies.
A reciprocal policy would enormously complicate the U.S. tariff system. The Harmonized Tariff Schedule of the U.S., which details individual rates on particular commodities, has about 13,000 line items. The U.S. trades with roughly 200 countries. Is Washington ready to impose and manage 2.6 million individual tariff rates? The lobbying pressures for exemptions and exceptions on the U.S. side would be enormous. This would fill the swamp, not drain it. Foreign exporters would go to great lengths either to get their products under a lower tariff classification or to transship them to another country to reduce the duty they would face.
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Not America first.
acesfull86
Well-known member
Nothing is a simple exercise with the federal government.
Not to mention the bigger issues are still - 1) the harm caused by the tariffs, 2) the outsourcing of our tax policy to foreign nations, and 3) the massive increase in lobbying
Not to mention the bigger issues are still - 1) the harm caused by the tariffs, 2) the outsourcing of our tax policy to foreign nations, and 3) the massive increase in lobbying
Nothing was simple with how government was run that’s for sure.
1) says you and short term studies without consideration of ancillary changes in the country
2) lol ok
3) lobbying just goes from one issue to the other - screeching about this is hilarious and disingenuous.
sturg33
I
Re: lobbying will you criticize Trump for allowing exceptions to some companies on their tarrifs?
acesfull86
Well-known member
1) If you want to believe your own MAGA contrived view of international trade (this time it's different!) and ignore 250+ years of evidence, have at it
2) It's literally letting other nations dictate the terms of our tax policy. To which I do agree with the LOL.
3) So much for draining the swamp.
I’m not going to pretend this upheaval of the existing norms is going to be smooth. There will be things I like and things I don’t like.