Even the WSJ is not infallible at least as to Mexico.

All you WOKE liberals who are crying the sky is falling ,the sky is falling, and the big blonde boogey man is hurting your woke insecurities. What a bunch of whining babies. Most of you WOKES have never negotiated a for profit business deal in your lives, and that is obvious . You WOKES are the worst losers and grasp at everything to try and discredit the big blonde boogey man. What’s really amusing to us on the sidelines here watching you WOKES meltdown is the fact most of you woke ultra liberals crying on here are or were lawyers, none of you are business people. You are mostly ultra liberal woke attorneys. TFF!

quote:

Originally posted by ledvm:

quote:

Originally posted by MJines:
. . . please share with me where I ever said tariffs imposed by either side make sense. I’ll wait.



Guess why the Dems left the Trump tariffs in place? Because tariffs work effectively as tax increases. And the only party that likes tax increases more than the Reps is the Dems. The Tax Foundation estimates the 25 percent tariffs on Canada and Mexico and 10 percent tariffs on China will shrink economic output by 0.4 percent and increase taxes by $1.2 trillion between 2025 and 2034 on a conventional basis, amounting to an average tax increase of more than $830 per US household in 2025. The tariffs on Canada and Mexico alone would increase taxes by $958 billion between 2025 and 2034 on a conventional basis, amounting to an average tax increase of more than $670 per US household in 2025. The first Trump tariffs imposed nearly $80 billion worth of new taxes on Americans by levying tariffs on thousands of products valued at approximately $380 billion in 2018 and 2019, amounting to one of the largest tax increases in decades. History shows tariffs raise prices and reduce available quantities of goods and services for US businesses and consumers, resulting in lower income, reduced employment, and lower economic output. But let’s not talk about that. It’s easier for the MAGAts to just think of tariffs like a stick you poke in the other country’s eye . . . all the while wondering how you got a splinter in your own eye.

Just a couple of points to make:
1) Our federal government has spent itself into a tremendous hole. Both sides to blame. That said, a new plan has to be made to reduce that deficit.

2) In 2019, pre COVID under the height of Trump’s prior term…none of the negatives in your post were reality. Goods were plentiful and relatively cheap. Unemployment was low. Income was relatively high. And GDP was increasing. Without COVID, Trump would have sailed into a second term on economic prosperity of the time.

And in 2020 GDP declined while M2 money supply increased 20 percent.
Under a Trump Administration, he who bragged about being the King of Debt.
Cropping the picture makes it look better but loses focus...

I'll leave the math as an exercise for the student, but that sort of thing makes inflation.

quote:

Originally posted by 4WD:
All you WOKE liberals who are crying the sky is falling ,the sky is falling, and the big blonde boogey man is hurting your woke insecurities. What a bunch of whining babies. Most of you WOKES have never negotiated a for profit business deal in your lives, and that is obvious . You WOKES are the worst losers and grasp at everything to try and discredit the big blonde boogey man. What’s really amusing to us on the sidelines here watching you WOKES meltdown is the fact most of you woke ultra liberals crying on here are or were lawyers, none of you are business people. You are mostly ultra liberal woke attorneys. TFF!

Amazing. You wrote a whole paragraph and said absolutely nothing.

quote:

Originally posted by 4WD:
All you WOKE liberals who are crying the sky is falling ,the sky is falling, and the big blonde boogey man is hurting your woke insecurities. What a bunch of whining babies. Most of you WOKES have never negotiated a for profit business deal in your lives, and that is obvious . You WOKES are the worst losers and grasp at everything to try and discredit the big blonde boogey man. What’s really amusing to us on the sidelines here watching you WOKES meltdown is the fact most of you woke ultra liberals crying on here are or were lawyers, none of you are business people. You are mostly ultra liberal woke attorneys. TFF!

seems you are the best negociator ever seen on earth will see how the war on tariffs will for your american way of life can we wait 22 days ...

quote:

is the fact most of you woke ultra liberals crying on here are or were lawyers, none of you are business people.

An incredible anomaly...... Lavaca excluded of course.

quote:

Originally posted by medved:

quote:

Originally posted by 4WD:
All you WOKE liberals who are crying the sky is falling ,the sky is falling, and the big blonde boogey man is hurting your woke insecurities. What a bunch of whining babies. Most of you WOKES have never negotiated a for profit business deal in your lives, and that is obvious . You WOKES are the worst losers and grasp at everything to try and discredit the big blonde boogey man. What’s really amusing to us on the sidelines here watching you WOKES meltdown is the fact most of you woke ultra liberals crying on here are or were lawyers, none of you are business people. You are mostly ultra liberal woke attorneys. TFF!

seems you are the best negociator ever seen on earth will see how the war on tariffs will for your american way of life can we wait 22 days ...

Doesn't seem like we'll have to wait......

quote:

Originally posted by JTEX:

quote:

Originally posted by medved:

quote:

Originally posted by 4WD:
All you WOKE liberals who are crying the sky is falling ,the sky is falling, and the big blonde boogey man is hurting your woke insecurities. What a bunch of whining babies. Most of you WOKES have never negotiated a for profit business deal in your lives, and that is obvious . You WOKES are the worst losers and grasp at everything to try and discredit the big blonde boogey man. What’s really amusing to us on the sidelines here watching you WOKES meltdown is the fact most of you woke ultra liberals crying on here are or were lawyers, none of you are business people. You are mostly ultra liberal woke attorneys. TFF!

seems you are the best negociator ever seen on earth will see how the war on tariffs will for your american way of life can we wait 22 days ...

Doesn't seem like we'll have to wait......

i do not think it is over. when you poke the bear in the middle of the winter do not expect nothing coming back ... despite trudeau canadians are finally talking together ... a strange thing happened and it is not going for the 51st state ...

and to add after i edited: wall street was more strong on the message than mexico or canada on that one ...

More love from the WSJ for Trump's economic "policies". And more tariffs to come later today. Winning.


Trumponomics and Rising Inflation
WSJ Editorial

Does President Trump understand money? Not money as in cash, but the supply of money, the price of money as measured by interest rates, and their impact on inflation? The answer would appear to be no after Mr. Trump called for lower interest rates on Wednesday—the same day the Labor Department reported an increase in inflation for the third straight month.

“Interest Rates should be lowered, something which would go hand in hand with upcoming Tariffs!!!” Mr. Trump posted on his social-media site. The layers of intellectual confusion here are hard to parse, especially since higher tariffs will mean higher prices on the affected goods. But perhaps the President wants the public to look elsewhere when assigning blame for rising prices.

Yet if he’s trying to blame the Federal Reserve, which controls short-term interest rates, he has the analysis backward. Rising inflation means the Fed must be more cautious in cutting rates. This is how financial markets read the news that the consumer-price index (CPI) rose 0.5% in January. Long bond rates rose sharply, with the 10-year Treasury note popping to 4.63% from 4.53%. This reflects market worry over inflation.

. . .

The price increases were broad-based, hitting insurance, used cars and trucks, airline fares, medical care, haircuts, day care, sporting events, cable television, and more. Mr. Trump isn’t responsible for this after only three weeks in office. But someone should tell him that the mistake goes back to the Fed’s premature interest-rate cut of 50 basis points in September. Long bond rates shot up immediately and have stayed higher, but the Fed still cut another 25 points in November.

. . .

As a political matter, an inflation revival may be the biggest threat to the Trump Presidency. Mr. Trump was elected as voters reacted to inflation and falling real incomes under Joe Biden. Real average earnings are flat over the last three months as inflation has bounced up. If this persists, Mr. Trump won’t have a 53% job approval rating for long.