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Trump​ ❤️ Tariffs

The Frankish Reich
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B-Man Hall of Famer

B-Man

Posted
Posted
2 hours ago, Joe Ferguson forever said:

Not blaming the tariffs.  I'm pointing out that there is still going to be a 1.5 T deficit despite all the hoopla about DOGE and all the chaos.  

 

And much of that deficit is due to renewing massive tax breaks to the rich.  

 

How's all that helping main street USA?

 

pic1196071.jpg  For the past five decades.

 

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Buddy Hix
Buddy Hix

Less than 1% of the fentanyl and migrants that enter the US come from Canada.   The US consumes a lot of cheap Canadian oil, and that’s what drives the trade deficit, which is only $55 billi

Roundybout
Roundybout

Masterful gambit sir!

The Frankish Reich
The Frankish Reich

The Trump Slump. It’s on! He is so mentally fit that he imposes (then delays, then reimposes) an economic strategy that no economist other than weirdo old Peter Navarro agrees with.  With total

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Joe Ferguson forever All Pro

Joe Ferguson forever

Posted
Posted (edited)
2 hours ago, B-Man said:

 

pic1196071.jpg  For the past five decades.

 

not sure what you mean.  trump promised to balance the budget.  He's not.

2 hours ago, IrishLass said:

 

Is the Democratic Party interested in Main St USA?

 

They failed to communicate that in 2024.

They're certainly interested in doing no harm.  They didn't impose policies that caused nearly everyone to lose big chunks of their 401k's while simultaneously increasing taxes by $3k through tariffs.

Edited by Joe Ferguson forever
AlBUNDY4TDS Veteran

AlBUNDY4TDS

Posted
Posted
27 minutes ago, Joe Ferguson forever said:

not sure what you mean.  trump promised to balance the budget.  He's not.

They're certainly interested in doing no harm.  They didn't impose policies that caused nearly everyone to lose big chunks of their 401k's while simultaneously increasing taxes by $3k through tariffs.

Covid policies nuked the economy but please go on.

Joe Ferguson forever All Pro

Joe Ferguson forever

Posted
Posted (edited)
1 hour ago, AlBUNDY4TDS said:

Covid policies nuked the economy but please go on.

no.  covid was 2019-20.  this is now.  he's 1.5 trillion off.  no big deal right maga?  you'll forgive this pos anything.

Edited by Joe Ferguson forever
Pokebball Veteran

Pokebball

Posted
Posted
7 minutes ago, Joe Ferguson forever said:

no.  covid was 2019-20.  this is now.  he's 1.5 trillion off.  no big deal right maga?  you'll forgive this pos anything.

Biden's spending to "address covid" went on well into 2022 and perhaps 2023. 

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All_Pro_Bills All Pro

All_Pro_Bills

Posted
Posted
1 hour ago, Joe Ferguson forever said:

They're certainly interested in doing no harm.  They didn't impose policies that caused nearly everyone to lose big chunks of their 401k's while simultaneously increasing taxes by $3k through tariffs.

Agree or disagree with the tariffs, Trump clearly telegraphed his intentions and provided investors with enough lead time to act. So anybody licking their wounds from losing part of their 401/IRA had ample warning to adjust their investments by selling and parking the proceeds in cash to ride it out or by adding some downside insurance, to hedge, to mitigate the risk of loss. If they did nothing it's their own fault they lost money. That said, I expect nobody wants to hear that message.

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stevestojan Hall of Famer

stevestojan

Posted
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On 4/9/2025 at 6:31 AM, B-Man said:

 

 

 

                             6e269c35a6013a2e714ccae724af169b967d3ae0

 

 

 

.


Interesting, but what would be more telling is a Pareto chart of volume or total spend by Americans to each country. Those two under “retaliated” aren’t Bahrain and Vatican City.
 

By themselves, China and Canada make up a great portion of our imports. I think combined, they’re something like 24% of every import. 

Joe Ferguson forever All Pro

Joe Ferguson forever

Posted
Posted
2 hours ago, All_Pro_Bills said:

Agree or disagree with the tariffs, Trump clearly telegraphed his intentions and provided investors with enough lead time to act. So anybody licking their wounds from losing part of their 401/IRA had ample warning to adjust their investments by selling and parking the proceeds in cash to ride it out or by adding some downside insurance, to hedge, to mitigate the risk of loss. If they did nothing it's their own fault they lost money. That said, I expect nobody wants to hear that message.

Man, you're at a different point in life.  Buy and hold, rebalance, use mostly low risk funds is a wise retirement strategy imo.  That's where we are.  Trying to time trump's whims was a fools errand.  Unless you're MTG.  Look it up.  I don't mind losing randomly from time to time.  but having a president bring it on is new one to me.

Big Blitz Hall of Famer

Big Blitz

Posted
Posted
9 minutes ago, Joe Ferguson forever said:

A blink and a bow to big tech oligarchs.

https://finance.yahoo.com/news/trump-exempts-phones-computers-chips-124707368.html


 

That’s what the CHIPS Act does

 

https://www.nbcnews.com/news/amp/rcna194910



 

This was inevitable - China controls 90 percent of the rare earth elements and can cut them off in response to the tariffs.
 

Thanks to outsourcing our military infrastructure and construction to them for the last 30 years - not sure how we can adequately get ready for WWIII.  
 

Would you like the list of defense companies that all almost completely rely on China?   
 

Thankfully this administration is working on that:

 

 https://thedefensepost.com/2025/03/25/us-defense-industry-china/amp/


 

 

Joe Ferguson forever All Pro

Joe Ferguson forever

Posted
Posted
2 minutes ago, Big Blitz said:


 

That’s what the CHIPS Act does

 

https://www.nbcnews.com/news/amp/rcna194910



 

This was inevitable - China controls 90 percent of the rare earth elements and can cut them off in response to the tariffs.
 

Thanks to outsourcing our military infrastructure and construction to them for the last 30 years - not sure how we can adequately get ready for WWIII.  
 

Would you like the list of defense companies that all almost completely rely on China?   
 

Thankfully this administration is working on that:

 

 https://thedefensepost.com/2025/03/25/us-defense-industry-china/amp/


 

 

so maybe a tariff war with China isn't a good idea.  Just a thought...

Pokebball Veteran

Pokebball

Posted
Posted
17 hours ago, All_Pro_Bills said:

Agree or disagree with the tariffs, Trump clearly telegraphed his intentions and provided investors with enough lead time to act. So anybody licking their wounds from losing part of their 401/IRA had ample warning to adjust their investments by selling and parking the proceeds in cash to ride it out or by adding some downside insurance, to hedge, to mitigate the risk of loss. If they did nothing it's their own fault they lost money. That said, I expect nobody wants to hear that message.

apparently, Joe didn't see it coming

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