The Trump Presidency
- Thread starter The Tariff King
- Start date
sturg33
I
Like it or not... the market is up 11% since Trump was elected.
In the 2 year prior the market went up 3.6%.
If you don't think that business clearly see good things coming with a business friendly admin, I don't know what to tell you.
And before you rant about the market doubling under Obama - please save your breath. coming in at the low and have $5T in QE and 0% interest rates may have something to do with it... the fact is the "rally was exhausted by 2014 and there was no growth left, despite all the Fed tricks
You're blind if you don't see the positive reaction to what will be a business friendly administration.
sturg33
I
Well, to be fair, it seems the market is completely dismissing the threat of him imposing a larger boarder tax.
That would be terrible for business. And I too thought there would be no chance but he seems hellbent on following up on promises - even the ****ty ones
I do think the tariffs will be a negative factor but I still think it's a necessary one to give some more protection to the American midle class. If inputs become more expensive it can be partially offset with lower taxes and increased prices. But with more Americans working I still think it would result in a windfall for both business and the American middle class.
Liberals are foolish. Open your damn eyes!
sturg33
I
All an import tax does is raise the cost of goods for the middle class to has to buy the product
I understand that. A portion of the increase can be offset from the lower taxes as well. If more Americans have jobs they can afford increased prices to a certain extent. To me it's all about keeping all the dollars generated within the US.
sturg33
I
I don't understand why you would be against trade. Global trade is the only thing to allow us to grow GDP
Because all globalism has done is destroy the middle class. Big business has sure done well with it though.
sturg33
I
The middle class is richer than it's ever been
I'm doing very well so I have nothing to complain about but what metric are you using for that?
sturg33
I
Basically there have been more people moved from the middle to the higher class... and the "upper middle" class is much larger and richer today than in the past.
While there has been more people also going to lower class, the aggregate will show that the middle is in a better spot... the average median income is larger, and there are more people who have moved upwards to the next echelon
http://blogs.wsj.com/economics/2016...-middle-class-is-larger-and-richer-than-ever/
cajunrevenge
Well-known member
We finally found a tax the liberals dont like!
Thats part of the problem though. If there are more people who are below middle class you have unrest. That leads to instability and the leads to everyone else eventually getting impacted.
sturg33
I
So is your suggestion to make more people poorer in order to bring more equality?
In the aggregate, the middle class is better than ever
57Brave
Well-known member
This is the part where Trump has to make nice with the Bush Family.
I smell the return of Jim Baker in some way shape or form
https://www.washingtonpost.com/news...-in-way-over-his-head/?utm_term=.00249a87249d
“I think Reince Priebus [is a] good guy, well-intentioned, but he clearly doesn’t know how the federal agencies work. He doesn’t have a really good system. He doesn’t know how the communications flow.”
The funny thing is once one drains a swamp all that is left is muck and alligators.
But Trump has a good brain and knows a lot about swamps
I smell the return of Jim Baker in some way shape or form
https://www.washingtonpost.com/news...-in-way-over-his-head/?utm_term=.00249a87249d
“I think Reince Priebus [is a] good guy, well-intentioned, but he clearly doesn’t know how the federal agencies work. He doesn’t have a really good system. He doesn’t know how the communications flow.”
The funny thing is once one drains a swamp all that is left is muck and alligators.
But Trump has a good brain and knows a lot about swamps
