This is MAGA?
- Thread starter MRDAWG
- Start date
It’s going to get worse before it gets better. Everyone knows this except the libs who have their head you know where.
The results speak for themselves.
Inflation is up and about to explode once the misguided tariffs go fully into effect. The stock market is in a free fall. Recent GDP projections all but assure a recession is coming.
The explanations for this disaster - "he's doing it on purpose because X, or maybe because Y, or Z ...." are embarrassingly silly.
He has taken a thriving economy and driven it into the ground in less than 2 months. Its not 4d underwater chess - its arrogance and stupidity. Not coincidentally, those are also the defining characteristics of the yes men he surrounded himself with in this administration.
There are no adults in the room this time around .... it already is, and will continue to be, a disaster.
Inflation is up and about to explode once the misguided tariffs go fully into effect. The stock market is in a free fall. Recent GDP projections all but assure a recession is coming.
The explanations for this disaster - "he's doing it on purpose because X, or maybe because Y, or Z ...." are embarrassingly silly.
He has taken a thriving economy and driven it into the ground in less than 2 months. Its not 4d underwater chess - its arrogance and stupidity. Not coincidentally, those are also the defining characteristics of the yes men he surrounded himself with in this administration.
There are no adults in the room this time around .... it already is, and will continue to be, a disaster.
Well at least he’s not printing money to keep the false economy propped up.
I'm not an economist but I have lived longer than your 30 years. Everyone knows that the market is bloated. Home values are bloated. The reckoning has to happen and it's happened about 5 times in my life. The market will fall, interest rates will then go down, home values will take a hit but we all know they have to. It's awful that I live in the country, I bought my house for 175k 10 years ago and today I can sell it for 470k. We all know that isn't right.
I'd rather see the market take a hit than keep doing what it's doing. People can't afford places to live, can't afford to eat, can't afford the simple things. Take a breath Mr. Economist....this has happened before.
No, no, it’s got to keep going up! — a liberal.
if all of MAGA knew this was going to happen and is part of a “much needed correction“ how come it was never mentioned once on the campaign trail? All we heard about was “a golden age“ and guaranteeing everything would be fixed on day one. I’m confused what has changed.
Thriving economy? In what world? You do realize that the economy is what cost the Dems the election?
Sure you can use Dem talking points on the post Covid economy but voters are smarter than that. They saw the economy pre Covid and know what happened was outside anyone’s control. Biden’s answer to the economy post Covid is why we’re in this mess now.
I honestly can say that I lost financially under Biden’s term. Trump delivered for me first go-round. I’m confident when the end of 2028 arrives I’ll again be sitting pretty.
Our economy has been addicted to government spending. GDP counts Government spending, so when we reduce waste in our government it shows up as a recession. There’s going to be a short term loss before the long term gain.
Our economy has been addicted to government spending. GDP counts Government spending, so when we reduce waste in our government it shows up as a recession. There’s going to be a short term loss before the long term gain.
MAGA voters understood that getting fixed day 1 was a process. It takes time to correct the Biden mess. Tag this post and let’s see where we are in 2026 about mid term election time.
We, common sense folk, all knew the policies would change day 1. The first indicator for me will be fuel prices. The inflationary breaks will happen when freight isn't so expensive. Freight is far more influential to costs than tariffs. Hold on my liberal friend, you'll be able to buy gas for a dollar something and complain about climate change soon enough.
I’m quite a bit older than 30. And you are right about one thing - you definitely aren’t an economist.
Levying tariffs on oil and gas imports from Canada and Mexico will likely raise prices for U.S. consumers across petroleum products such as gasoline, diesel fuel, and heating oil, as well as a wide range of consumer goods that are made of petrochemicals derived from the imported oil and natural gas.
Tariffs on crude oil imports will increase costs for refiners, which will be passed on to downstream businesses and consumers in the form of higher prices. One of the products that would be affected is gasoline, the most-consumed petroleum product in the United States. Tariffs on crude oil imports from Canada and Mexico will likely lead to higher gasoline prices in the United States. Some experts estimatethat the tariffs could add an average of between 20–30 cents per gallon of gasoline in the short run.
That was good and funny. Nice.
The basic concept, even you should understand, is if you'd rather continue under Biden then head off to Canada. The next 4 years are going to be bad for you.
Last 4 years was a disaster
Really? I was told MAGA voters hated the cost of groceries and Trump was going to get prices down “day one”.
I’d love to see some pre-election posts from you or any other Trump voters on here stating that Trump would be required to initiate a recession within a quarter of taking office to save us from economic disaster.
On the other hand, I posted many, many times that the way Trump was talking about deploying tariffs would be a disaster, given that they aren’t the magic money machine that Trump keeps claiming they are.
The idea that this is what you and MAGA voted for sounds like revisionist history to me but maybe I’m wrong.
I think energy is a carve-out on the tariffs. The tariff sell off is all about uncertainty. Fund managers never want to get caught by the thing that consensus was afraid of. That said, smart fund guys in an honest moment will predict that the bark of tariffs will far outweigh any true negative impacts….whether they are re-positioning money to safety or not.
The more legit question on the economy has more to do with how cuts in government spending will impact short-term employment and production. Most importantly - how will government layoffs filter into private businesses that work with the government?
I don’t think anyone believes Trump energy policy will do anything but lower gas prices. It already has.
The Dow closed on Jan 17, 2025 (Last market day in Biden's term) at 43,312. It was 30,930 on Jan 20, 2021 for an overall return of 40% during Biden's presidency.
If you lost money during that time, please God, fire your financial advisor.
Trump’s “policy” has lowered gas prices, in as much as demand goes down during a recession. Credit beyond that is a major stretch.
Trump in Dec. 2017-How's your 401k?
Trump today: "You can't really watch the stock market."
Trump today: "You can't really watch the stock market."
There are plenty of non-MAGA Trump voters who did not vote for this and did not expect this. They didn’t signup for aggressive antagonism of our friends to the north or the rest of our long term allies. They didn’t signup for a deranged billionaire destroying the government and cackling about it like a sociopath (given Tesla share price and vehicle sales are both falling off a cliff, he might want to tend to his own business).
Public support is going to plummet. The only question is what happens next.
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We agree on one thing - the next 4 years are going to be bad for me (along with everyone else).
Day to day fluctuations in the stock market are knee jerk reactions, not economic reality. If you fail to understand this, or willingly disregard it, you definitely shouldn't be in the stock market beyond a nice mutual fund.
If you start a new diet today, and you expect to lose 30 pounds through healthier eating habits and lifestyle changes, does that mean you expect to lose 30 pounds on the day you start your plan? Is that the only acceptable result for you?
That's the argument that some folks in this thread are making.
That's the argument that some folks in this thread are making.
I guess we should have given the Nigerian tran’s the money.
Yep, nothing would have gone wrong with the economy if Biden was still President.
You really hinge on every word he speaks. It’s really funny, the angst and all. And Trump enjoys it cause liberal heads explode.
You want transparency and economic logic or politicians selling the vote and getting rich off you?
Silly question, I know.
I'm just going to say this once - you're an idiot if you think Trump can painlessly fix this in 5 weeks. But there will be no recession. 6 months from now when things are different, will you have the guts and integrity to admit Trump was right ? Or will you continue to carry Schiff's nut sack in your mouth?
The Us economy grew its global market share of GDP over every other major economy except India the last several years.
Boy, that is a reliable source - hey?
What other news agencies are reporting this??
Probably just me, but didn’t see any quotes on this:
Warning that Americans should brace themselves for an economic “period of transition,” President Donald Trump told reporters Monday that a recession would be an unfortunate but necessary step on the way to all-out depression.
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There are people struggling like hell just to find decent jobs out there. This is what was created. An economy for the haves and the have nots. Nothing in the middle. We have auto loans defaulting at an enormous rate. We have the most credit card debt in our country’s history. The Biden economy created this problem. Anyone arguing that this economy was a good thing has an agenda. Period. End of freaking story.
Yes. Trump didn’t package a recession in his campaign. He did package during his campaign to fix what Biden broke. “Everything he touched pretty much turned to shit”. It is going to take time. I think anyone without an agenda or half a brain realizes things still have to get worse first to get better. We have to figure out how to stimulate the home market. Allow for a correction with the auto industry. Somehow alleviate the massive debt the people of this country are in thru more revenue and earnings. And above all quit f’ing printing money and wasting it on things that are idiotic.
Yes. Trump didn’t package a recession in his campaign. He did package during his campaign to fix what Biden broke. “Everything he touched pretty much turned to shit”. It is going to take time. I think anyone without an agenda or half a brain realizes things still have to get worse first to get better. We have to figure out how to stimulate the home market. Allow for a correction with the auto industry. Somehow alleviate the massive debt the people of this country are in thru more revenue and earnings. And above all quit f’ing printing money and wasting it on things that are idiotic.
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Here’s a rare look inside inside a recent Trump economic policy meeting.Do you understand the equation for GDP?
That’s an interesting take.
People are having a hard time finding good jobs, so the answer is for Trump to drive the economy into recession and flood the labor market with tens of thousands of fired federal workers?
Is it helpful that Trump’s chaotic trade policy has severely curtailed foreign markets for US agriculture? Remember, the last time Trump did this during his first term, US taxpayers were on the hook for $28b in aid to keep farmers afloat when China responded to retaliatory tariffs by cutting off US agriculture purchases.
You can say our economy was shit, but by every economic metric that economist use to measure performance, our economy was the best developed economy on the planet. You can say I have an agenda, but even assuming some fluff in the numbers (that both parties are guilty of), our performance compared favorably to our peer group.
You and I agree that the middle class are getting squeezed relentlessly. We just differ on what to do about it. I don’t see tax cuts that primarily benefit those making over $400k while reducing government services that benefit the middle class are going to help.
I’ll add, some of the responsibility for consumers carrying too much debt is on them. There are plenty of people driving $50k-$60k vehicles who simply can’t afford to. For example, the cost of a loaded pickup truck these days is simply insane. If you can’t afford it, buy used or downgrade the model. I bet you know more than a few people who fall in this category.
Regarding our fiscal health, I don’t see how gutting the part of the IRS that focuses on corporations and high net worth individuals is going to help.
Does constantly threatening our closest ally and trading partner with annexation help the middle class? I know some liquor producers in TN and KY who are crapping bricks right now.
And I’m not sure how the global chaos of changing sides in the middle of a war and choosing Russia over our European allies is going to help the middle class. And to be clear, that’s what just happened. Our president and Director of National Intelligence have been parroting verbatim Russian propaganda to such a degree that we are not invited to the NATO summit on Ukraine March 11th.
I told you Trump was planning to get us out of NATO, just as Putin has been working towards. He’s not wasting any time. This helps us how exactly?
You can say you knew this was all coming, but I don’t remember a single post from you before the election claiming that Trump was going to have to run us into a ditch before he got us to his promised golden age. And we know what Trump promised. It sure as hell wasn’t this.
You are so giddy and immersed in the negative news cycle on the stock market and Ukraine that you are taking your own prognostications as facts that have already happened.
From where I sit we appear to be the closest we’ve been to peace in Europe since the War started, and the stock market has had a nasty run. We are not in recession. And very few people actually believe we are headed there….despite the needed cuts in federal spending.
Please keep this post and bump it when we abandon NATO and we are in a recession, That’s your giddy prediction. Stick to
It.
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When have tariffs done anything other than rise prices? The whole point of a tariff is to benefit domestic manufacturing over foreign manufacturing. It's madness to think that adding tariffs will some how improve pricing in our economy. It's literally the exact opposite of what they are for.
Oh really. I think I made about 100 posts saying this will. How many times did I respond to you and say this needs to be trump. He has to be the guy. Why? Because we need someone who will admit that shit is wrong and most importantly not be afraid to be a villian. What in the high hell does being a villian mean will? I will hang up and listen. Then respond to the rest of your post. Someone has to make tough decisions. We were in a clusterf due to your boy. That isn’t even arguable at this point. I can’t even count how many times I said it won’t be pretty. You just only have tunnel deranged vision.
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It’s time for Europe to defend themselves. Even people over there are saying the same. Right now we got prison raped by the last admin and need to focus on things here more. And not be on the hook as much globally. At a recent European summit a very smart politician said the same shit and got a standing ovation. Stop depending on us for everything. It doesn’t mean we won’t still be allies when needed. We need to focus on China and fixing things here. Period.
Putin has absolutely no bearing on getting us out of nato. Trump has been threatening that for a really long time. Has nothing to do with Russia. You know this but it doesn’t fit the ridiculous fear porn Lib narrative out there.
You might focus on your own kitchen for a bit. There is corruption coming out left and right. Whistleblowers are out there every five minutes. Tapper is writing a book about it for Christ sakes. And he is one of your own. It is embarrassing. You guys are responsible for electing a compromised human for president and a dipstick for vp. Really you should lose the right to complain. You couldn’t have f’ed up worse. Just wait for the cleanup to be over. Which may take a while. Then see where we are.
I look at how people freaked out when Elon took over Twitter. Fired 80 percent of the people who worked there. (IRS needs this) Yet somehow the company became more efficient.
As far as the stock market goes. I will give you an assignment. Go look at a five or ten year look at the dow, s&p etc. Looks pretty normal
To me. 🤦♂️
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