That’s a 10/10. I laughed. Well played.
But I thought the economy was so awful that “radical surgery was required to save the patient”?
You think what happened in the labor market last month means anything now. Employers are certainly spooked about where the economy is headed.
I'm waiting for the 3rd straight month of downward revisions...I thought that only happened under Biden...
He knows that. Probably wanted a weaker number so the fed would be more worried about employment mandate and lower rates. But any president at any time is gonna victory lap over a good jobs print. And God knows he needs something positive to talk about with the markets down 10 percent the past week on his tariff rollout.
and somehow our vegetable's economy is likely going to far outperform Trump... not sure what that says about your guy...
I’m confident if this was a democrat president, you would be singing his praises and talking about how much he’s helping the job market. But since it’s Trump, you’re against it. Give it some freaking time! For the love of God, wait to see how things end up before bashing the decision to try something different than what’s been done for years.
Businesses have had 5 months to prepare for the new administration. Businesses love Trump. Markets don’t like the uncertainty but will turn once the dust settles.
If you are confident of that, then I give your statements no credit. You are so wrong on that. There is nothing wrong with tariffs applied appropriately and they have certainly been used before. We don't have any choice but to wait and see how things end up, but there is very little support from people who know what they are talking about such as economists and other business people. Companies can't even make plans because things keep changing. Finally, those charts and calculations are a joke. They are made up and that's a big problem with Trump who often makes things up.
Please supply some actual information on that. Companies don't know what they are going to be doing in the future and adding employees is likely the last thing. We may not have a recession, but it doesn't look good for the economy in the short run. It sounds just like Trump who said the increase in employment meant he was doing the right thing. No correlation between hiring in March and the effect on future employment from the tariffs.
Duh - Everyone who is willing to work for Trump supports him unconditionally because that is what Trump demands. That is not the opinion of the majority of economists. I didn't talk about "freaking out" in my response but you go to the tried and true response trying to disparage what people might be listening to (which doesn't include me).
I’m not going to respond to the calculations because I know nothing about that stuff and I’m not going to pretend I do. It’s normal to question things that are new, Trump’s approach right now is new, but that doesn’t mean it’s dumb and won’t work.
Check out the thread "Ok, here are the actual Tariffs the Dems have been screaming bloody murder most foul about:", especially post #3 and #16. It's not that Trump's approach is new, it's made up. It's not what he says it is. They didn't even calculate it correctly as has been shown. That makes it dumb whether it works or not. Why don't you bother learning about something before making random political comments. Why do you think people blindly supporting Trump in everything are being criticized here?
I am learning about it. I haven’t looked in to the calculations used yet, so I’m not commenting on it. Bessent isn’t an idiot and he’s standing behind Trump’s plan. There are other smart folks backing up his plans. So that gives me some hope. I’m hesitant to believe anything you’re putting out because you’ve got a recent history of getting info from MSNBC……
I mean, they applied the tariffs they applied. However they came up with it. If Democrats had a better plan, they should have campaigned on it.
If we balance the budget, this was brilliant. If we run a deficit, this was horrible.
In what world do you think this has anything to do with balancing the budget? If balancing the budget is pizza, the tariffs are butterflys. They have absolutely nothing in common except they exist on Earth.
Yes, Bessent isn't an idiot. He's being a loyal soldier and we'll see how long that lasts. I'm fine with you hoping it works out - I certainly hope for the best even if I don't have good reason for it.
This! If you listen to the interview with Bissent it would have been easy and fun( my word) to just keep printing money but a mistake.
If they actually want to get rates down, maybe don’t do the the most inflationary thing you can do…tariff the entire world
Dude, rates are coming down before the tariffs have even kicked in. Just the threat is working. And, oh BTW it’s looking like your knee-jerk screaming and whining is going to backfire:
But if he cancels the tariffs how is he going to bring back manufacturing? That was the goal right? It only works if prices rise substantially over a long period of time.
Because at zero, coupled with falling energy costs, raw material pricing comes down. Then it becomes a competitive thing and I’ve yet to see the US get beat when everyone starts at the same level.
“The World Trade Organization says the EU's average tariff rate is 5.0%, while the Commission says the average tariff on goods traded between the EU and the U.S. is about 1% for both sides.”
There are 2 factors that Reuters (unsurprisingly) glosses over. Industry specific European tariffs such as autos, textiles, alcohol and agriculture are significantly higher and VAT and other costs imposed by Europe that exceed 20%. On that latter point, Reuters simply states that "The EU says VAT is not a tariff and is similar to the U.S. sales tax." That's crappy reporting. Neither the Feds nor any US state charges in excess of 20% sales tax. Ignoring that difference is material and undermines the argument that the US and Europe charge each other similarly.
Those penguins on the random island in the Antarctic are gonna finally pay their dues.
VAT is charged for all products consumed in a country and applies to imports and domestic goods equally. How is that not like a sales tax?
