Trump Presidency Round 2

NDRock

NDRock

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BuaConstrictor said:
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Can we stop it with these geriatric clowns? At least Biden was so out of it that he didn’t do anything. This guy thinks he’s great at everything. 3rd term? I’m pissed he got a 3rd month this time.

This is why I root for gridlock and Congress to be controlled by the opposite party of the Presidency. Less government is better government. Let them argue amongst themselves while the rest of us go to work and keep the country going.
 
C

ColoradoIrish

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NDRock said:
Can we stop it with these geriatric clowns? At least Biden was so out of it that he didn’t do anything. This guy thinks he’s great at everything. 3rd term? I’m pissed he got a 3rd month this time.

This is why I root for gridlock and Congress to be controlled by the opposite party of the Presidency. Less government is better government. Let them argue amongst themselves while the rest of us go to work and keep the country going.
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This is my exact voting strategy as well. Vote incumbents out and vote to gridlock the government.
 
IrishLax

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You all got on my ass for not wanting to vote for Trump when I specifically said it was because his economic positions re: tariffs were batshit crazy. Now people are all like “why gee I never thought he would actually do the insane thing he said he was going to do because obviously that would crash the economy and start a global depression if he really went through with it and no one is that much of a lunatic.” Beyond parody and I wonder how JD Vance feels right now watching his 2028 chances evaporate.

 
GATTACA!

GATTACA!

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IrishLax said:
You all got on my ass for not wanting to vote for Trump when I specifically said it was because his economic positions re: tariffs were batshit crazy. Now people are all like “why gee I never thought he would actually do the insane thing he said he was going to do because obviously that would crash the economy and start a global depression if he really went through with it and no one is that much of a lunatic.” Beyond parody and I wonder how JD Vance feels right now watching his 2028 chances evaporate.

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Suddenly those 6 trans high schoolers running track don’t seem so bad.
 
C

ColoradoIrish

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I thought ai was going to be the downfall of humanity eventually. Didn't think it was going to because this administration doesn't know how to use chatgpt properly
 
NDRock

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IrishLax said:
You all got on my ass for not wanting to vote for Trump when I specifically said it was because his economic positions re: tariffs were batshit crazy. Now people are all like “why gee I never thought he would actually do the insane thing he said he was going to do because obviously that would crash the economy and start a global depression if he really went through with it and no one is that much of a lunatic.” Beyond parody and I wonder how JD Vance feels right now watching his 2028 chances evaporate.

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I honestly think Trump will backtrack on the tariffs within a couple of weeks. There will be some “new deals” that probably won’t amount to that much but Trump and his disciples will trumpet as brilliant and the left will discount and the average person will have very little idea on their effect. Luckily Trump really doesn’t have any ideology that he believes in other than what’s good for himself. Everyone coming out against this (including the world markets) isn’t good for his brand and he’ll reverse course.

What’s everyone’s opinion on what ends up happening?
 
A

ab2cmiller

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NDRock said:
I honestly think Trump will backtrack on the tariffs within a couple of weeks. There will be some “new deals” that probably won’t amount to that much but Trump and his disciples will trumpet as brilliant and the left will discount and the average person will have very little idea on their effect. Luckily Trump really doesn’t have any ideology that he believes in other than what’s good for himself. Everyone coming out against this (including the world markets) isn’t good for his brand and he’ll reverse course.

What’s everyone’s opinion on what ends up happening?
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The crazy and simplistic method in which they calculated the reciprocal tariff percentages could be a possible indicator that this is temporary.

I can logically say that it make sense that this could be temporary because Trump's team didn't invest the thousands of hours that it would've taken to properly calculate what the reciprocal percentages should've truly been. Applying percentages to unoccupied islands and countries that don't charge us tariffs doesn't make any sense.

I freely admit that Trump, very often, is not logical. So this could be permanent.
 
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BuaConstrictor

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ab2cmiller said:
I can logically say that it make sense that Trump's team didn't invest the thousands of hours that it would've taken to properly calculate
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BuaConstrictor

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NDRock said:
I honestly think Trump will backtrack on the tariffs within a couple of weeks. There will be some “new deals” that probably won’t amount to that much
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We've already seen him do that.

In any case, he'll either backtrack on them as you said and claim some victory that won't exist...or Congress will finally grow a pair and step in.

Trump is a loser in the situation no matter what though. Jobs won't be reshored, trade deficits won't go away, and if/when the tariffs go away he loses the "replacing tax revenue" talking point he's been blathering on about.
 
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ab2cmiller

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The problem right now is that none of these countries can determine if it's worth it to renegotiate tariff percentages.

Israel given a 17% tariff rate despite dropping all tariffs would seem to signal that it's no use trying to lower tariffs.
 
BuaConstrictor

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ab2cmiller said:
The problem right now is that none of these countries can determine if it's worth it to renegotiate tariff percentages.

Israel given a 17% tariff rate despite dropping all tariffs would seem to signal that it's no use trying to lower tariffs.
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Bishop2b5

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Some of you are screaming about the omelet when the hens haven't even finished laying all the eggs. Let's let it all play out and see what the end result is before going into full meltdown mode.
 
BuaConstrictor

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Bishop2b5 said:
Some of you are screaming about the omelet when the hens haven't even finished laying all the eggs. Let's let it all play out and see what the end result is before going into full meltdown mode.
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Love the idiot who "doesn't know enough about the tariffs to have an opinion"...is now advocating that we "let things play out"....

Pop quiz: What were those drops due to? Were those events that caused those drops seen to be momentary blips on the radar or the adjustment to radical shifts in US economic policy that Biden imposed? Did other countries respond to these drops? How? Did JP Morgan et al come out and predict a 60% likelihood of a recession during those times?

If you think people are freaking out simply because the Dow is falling (and the NASDAQ, S&P et al) then you truly don't understand the situation. People are pointing to WHY the Dow is tanking........and it's a symptom and a result of specific economic policies that Trump has implemented, cratering the economy the likes of which we have not seen. It's one thing to deal with economic issues as a President that just happen to occur during your term (.com bubble recession in '01, housing in '08, hell COVID in 2020, wars, and other drops that occur as a natural result of market factors) it's another to see the market crater in real time due to a president announcing radical (and idiotic) economic policy that was produced by chatGPT and a bad math equation.

Since you're not worried, explain why. If you can. This isn't a typical market condition drop. What policy or policies will Trump enact or repeal to fix this? If he keeps the tariffs on, how will the market recover?This isn't a two day issue. The tariffs are still going to be there Monday...and more are coming....What happens when the EU, Britain, et al respond(and subsequent tariffs that have been announced by aren't in effect yet go into effect)? What is the long term market projection of this if the policies don't change?..because Trump says they aren't changing. Lastly, do you think these tariffs are good policy? Why or why not?....BECAUSE THAT'S THE ACTUAL POINT OF ALL OF THIS DISCUSSION OF THE DOW.

Or was all of this not explained in the Facebook post that you pulled your picture from?

Oh lastly, should we also take by your chart that Biden "fixed" the issue and then had the economy on an upward trajectory and we did in fact have a great economy under him?



You're arguing that what we are seeing is normal or "happens all the time." It doesn't.
 
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