Trump Presidency Round 2

[BuaConstrictor]

 

[NDVirginia19]

That's crazy. Who was the President in FY25 Q1?

 

[ab2cmiller]

That's crazy. Who was the President in FY25 Q1?

Details details ..... the adjustment is taking place between Feb 25th and March 4th when Trump is President .... that's the part we need to remember.

 

[NDVirginia19]

Am I supposed to be upset at Trump for the numbers just now turning bad when the Biden administration consistently lied about their employment numbers and gaslit the American people about how "good" the economy was?

 

[NDVirginia19]

Trump for sure deserves part of the blame for Stock Market downturns since that is based on expectations for policy he will implement (such as the Tariffs), but part of that downturn also has to do with adjustments on previously covered up GDP growth and employment numbers which he did not have control over.

 

[IrishLax]

I’m sure you Boomers on here love it though. Congrats on your well executed Ponzi scheme.

 

[Irish#1]

Glad those conversations can be held in private and not turned into a circus.

I agree. They never should have been held in front of the press, but it goes to show that both parties were to blame for that fiasco.

 

[BuaConstrictor]

Am I supposed to be upset at Trump for the numbers

Yes...seeing as the forecasted numbers have now gone down(and continue to do so) as a real time reaction to Trump policies.

but part of that downturn also has to do with adjustments on previously covered up GDP growth and employment numbers which he did not have control over.

Substantiate this. You can't...but I at least want to see you try...this is also a hilarious irony given Trump's predicted fuckery with GDP.

 

[calvegas04]

Trump caved

 

[BuaConstrictor]

Trump caved

Elon really wants that lithium.

 

[calvegas04]

 

[Sea Turtle]

Trump caved

I'm glad. It's a good deal.

 

[BuaConstrictor]

Mixed emotions on this one. We need to do more to stop funding Venezuela's current illegitimate regime, but as with most things Trump, it's foreign policy by extortion/sledgehammer. If you continue to de-stabilize governments south of the border without a multi-faceted approach to re-stabilize them right away you create more long term issues at the border. This feels like a one off tactical move for headlines without a broader strategic goal behind it. Pretty typical of DT.

 

[IrishLax]

I'm glad. It's a good deal.

Not sure how "Trump caved" is the read here, unless I'm missing the sarcasm.

 

[BuaConstrictor]

 

[Irish#1]

I’m sure you Boomers on here love it though. Congrats on your well executed Ponzi scheme.

Social security payments weren't taxed until 1983 so they are going back to the original model? It's a Ponzi scheme because our government kept robbing Peter to pay Paul and it caught up with them. They should have left those funds alone. While your payment is based on your income, I imagine I will never receive back what I paid into it.

Personally, I think each persons payments should go into a Individual personal investment account. The recipient can't touch it until age 65, but they have the ability to move it around like a 401K or IRA plan and our government can't use it.

Don't worry Lax. There will come a day when you're the elder generation and the younger ones will be blaming you.

 

[ab2cmiller]

Social security payments weren't taxed until 1983 so they are going back to the original model? It's a Ponzi scheme because our government kept robbing Peter to pay Paul and it caught up with them. They should have left those funds alone. While your payment is based on your income, I imagine I will never receive back what I paid into it.

Personally, I think each persons payments should go into a Individual personal investment account. The recipient can't touch it until age 65, but they have the ability to move it around like a 401K or IRA plan and our government can't use it.

Don't worry Lax. There will come a day when you're the elder generation and the younger ones will be blaming you.

This would make sense. But they would have to come up with a solution for Social Security Disability. So I suppose they could say that 75% of the deduction gets put into "your account" and the rest goes to the Disability program. If people want 100% of their deductions, then you either have to fund Disability in some other manner or Disability would have to go away.

They would also likely require every account gets converted to an annuity upon retirement, otherwise you would have people who would drain their accounts 10 years before they die and then scream for the Fed's to take care of them.

 

[BuaConstrictor]

Social security payments weren't taxed until 1983 so they are going back to the original model?

..the model that wasn't working..hence why they started taxing it.

In any case, this is just the Trump admin's attempt to partially defund Medicare as parts of Medicare are funded by social security taxes.

 

[Irish#1]

Trump caved

What am I missing here Cal? Trump wanted a minerals deal.

From Reuters

On Tuesday, Zelenskiy posted on X that Ukraine was ready to sign the deal and calling the Oval Office meeting "regrettable."
“Our meeting in Washington, at the White House on Friday, did not go the way it was supposed to be,” Zelenskiy said in his post. "Ukraine is ready to come to the negotiating table as soon as possible to bring lasting peace closer."

 

[BuaConstrictor]

What am I missing here Cal?

If the deal includes security assurances...Trump caved.

Also, one could maybe argue he caved because of pressure from Musk re: lithium rights in Ukraine.

Depends what the deal looks like.

 

[Irish#1]

This would make sense. But they would have to come up with a solution for Social Security Disability. So I suppose they could say that 75% of the deduction gets put into "your account" and the rest goes to the Disability program. If people want 100% of their deductions, then you either have to fund Disability in some other manner or Disability would have to go away.

They would also likely require every account gets converted to an annuity upon retirement, otherwise you would have people who would drain their accounts 10 years before they die and then scream for the Fed's to take care of them.

Agree. The details would have to be worked out along with disability payments. You can't pull it out within a certain period or you just get a monthly payment like you do today? Regardless, it should be much larger than what people see today.

 

[ab2cmiller]

If the deal includes security assurances...Trump caved.

Also, one could maybe argue he caved because of pressure from Musk re: lithium rights in Ukraine.

Depends what the deal looks like.

I would be absolutely shocked if this would be true. I set the chances at .0001%

 

[Irish#1]

If the deal includes security assurances...Trump caved.

Also, one could maybe argue he caved because of pressure from Musk re: lithium rights in Ukraine.

Depends what the deal looks like.

That's why I asked. We don't know the details, so we don't know if he caved or not.

 

[BuaConstrictor]

I would be absolutely shocked if this would be true. I set the chances at .0001%

How badly does Elon want those sweet sweet metals?

 

[ab2cmiller]

If Trump goes so far as formally announcing anything to Congress before Zelensky actually signs the agreement, he is a fool.

 

[BuaConstrictor]

If Trump goes so far as formally announcing anything to Congress before Zelensky actually signs the agreement, he is a fool.

Well, I mean......he is a blundering idiot....so....

 

[BuaConstrictor]

 

[RDU Irish]

Keep at it Bua. Other people favoring Trump actions should step up and make THEIR arguments as to why these sorts of things are "good" for our country and humanity in general, but they shouldn't blissfully deny that things ARE happening which are extremely challenging to half the country and a lot of the World.

You are pushing the actual front line issues into conscious focus. THAT is exactly proper for concerned citizenship as our democracy is constructed. Keep it up and my thanks. (The name-calling will increase against you, but not by me.)

(This president has already hurt me, as the stock market has dropped for my retirement monies just as my required out-take has come, which means each newly taken "share" I have in my portfolio was worth less, therefore more of my shares were decimated. For me, it just means eating a bit lower on the food pyramid, and not giving to my charities, but I don't LIKE either, especially the latter. Many of my former neighbors will be hit far more in "quality of life".)

With all due respect:

The S&P 500 is 5% off its all time high. Interest rates are as high as they have been for 20 years. If you are 80 and your means are THAT sensitive to a 5% move in the market - you either need to hire a qualified financial advisor or find a new one. Chasing the hot dot of NVDA and crypto gets no sympathy if you are actually relying on those dollars to fund pretty much anything in the near term. SPYV, the value side of the S&P is only down 2% from it's peak. So your lamentations are either bullshit or a function of your own personal mismanagement.

You are the last person I expected to come in here and egg on the biggest, newest troll in the room.

 

[BuaConstrictor]

You are the last person I expected to come in here and egg on the biggest, newest troll in the room.

Sorry that you're upset I'm smarter than you.

 

[RDU Irish]

Sorry that you're upset I'm smarter than you.

You had one good post out of the last 100 - the Nancy Mace thing is unilaterally funny.