Trump Tariffs

[Last hard class]

The new Trump tariffs have certainly caused some excitement this week. And some pretty funny Penguin jokes. Not sure if the tariffs will work as desired, time will tell.
A couple of thoughts on his escalating trade war:

All other countries now suck! To do my part. I got rid of the Canada Ginger Ale that was sitting in the garage for the last 10 years. Also, not drinking any more Moosehead or that chihuahua piss Corona Light until further notice. Going to continue not watching any NBA games. But now it’s because there might be some euro trash playing.

The March jobs report came out higher. So that proves the tariffs are already working.

6 trillion wiped out. Watched the news and the talking head said she didn’t care about her 401k. And neither did any of the other rich people she knew. Hmmm… Luckily, a drop in the stock market only affects Lefties who don’t like Tesla anymore and poor people. No harm no foul.

If millions of manufacturing jobs come roaring back what will happen to all the robots that Elon is building? Maybe if they have a bunch of robot kids everything will equal out.

The left absolutely owns the cultural train wreck that was ruining this country. And Trump has hit that shit with a giant baseball bat. Providing he can keep his minions quiet, Only one thing will keep his big Cheeto head off Mount Rushmore. F&%king around with the economy.

Trump may go down in history as
Wile E. Coyote – Super genius.
Or
The Emperor that had no clothes.
(Written by a Dane no less)


LHC

[mojaveman]

Like what he's doing and hope his health holds out. In addition to a President should our government have a CEO like so many municipalities do? He's trying to run everything like an efficient business. Bad thing is it that it can all change again after four years.

[glebo]

If things go the way they "should", then hopefully in four yrs we continue.
That's the good side....and downside of elections. If it's good and we Americans seem to think so, we can vote the same goodness in. If not, ya get the boot.
I am optimistic on how things are going. Maybe not monetarily right at the moment with the stock market, but those are only numbers, I don't need my 401 right now, hope fully I won't and what's left (hopefully higher) will be left for my wife and/or kids.
Hopefully things work out according to plan, if not we have choices in four yrs.
I certainly hope it's a choice to carry on the work that is being done.
Not only economically, but socially as well..

[GratefulCitizen]

There may be more pieces moving than just domestic industry, trade relations, and such.

$9 trillion in national debt is due to mature in 2025.
The tariff war will be unpredictable.

When investment returns are unpredictable, money flees to safety.
This may be a strategy to refinance the national debt more cheaply.

[Badger52]

Originally Posted by GratefulCitizen

When investment returns are unpredictable, money flees to safety.
This may be a strategy to refinance the national debt more cheaply.

That's an interesting thought.

[MR2]

He's right you know...

[Last hard class]

Originally Posted by GratefulCitizen

When investment returns are unpredictable, money flees to safety.
This may be a strategy to refinance the national debt more cheaply.

Not sure that played out the way they anticipated. No worries. The way this is going, money will definitely flee to safety by the 3rd quarter.

In not unrelated news, The current cost to the Trump tax cut extensions is estimated at 5.7 Trillion.

The go to economic expert here has always been Thomas Sowell. But he's not a fan of tariffs. So I will quote another verified expert on modern trade tariffs. "I love it when a plan comes together" No, not Hannibal Smith. I'm talking about Ron Vara.

There is a very easy way to fix the U.S. trade deficits problem. Instead of some touring socialists yapping about increasing the minimum wage. Someone in Congress should propose a cap on the maximum wage. I figure, if we capped the maximum hourly wage at $4.50 per hour, overall consumption of cheap China shit would be drastically reduced and trade deficits would come into balance before the midterms. We already have forever renter communities. This is the next logical step.

It's all heading to the promised land: Dream Cities.



LHC

[Badger52]

Originally Posted by Last hard class

In not unrelated news, The current cost to the Trump tax cut extensions is estimated at 5.7 Trillion.

I get jammed up with terminology sometimes. Seems to me it's only a "cost" if one accepts the premise that the previous rate was appropriate. Or it wouldn't be a cost if spending were cut. No one has a bill that's suddenly going to shave $5.7T tomorrow, I get that. But a few billion here & there...

[Butch]

We lost the current trade war in the 1970s, while the men who fought Japan in WWII watched with calculated fear of the future. When the auto industry welcomed Japan into our domestic market, our fate was sealed and the veteran cried. Lots of other products and global market tactics and strategies followed over the years and now here we are.

The Capitalist Trinity is playing out before our generation's eyes:
1. Consumer wants its cheaper/lowest expense possible.
2. Labor force wants 'fair'/higher wages
3. Owners want more profit through cost cutting

Thomas Sowell is right in every subject. When speaking with African Americans, i defer to Dr. Sowell.

Buy land boys. Dirt work is in all the worlds future. Sooner rather than later.