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The [s]First[/s] [s]Only[/s] Second Trump term
Posted: Thu Apr 03, 2025 9:31 am
by TheCatt
Leisher wrote: ↑Thu Apr 03, 2025 9:23 am
TheCatt wrote: ↑Thu Apr 03, 2025 9:05 am
Retards are running this country.
Retards have been running this country for a long time now.
These are extra special ones.
The [s]First[/s] [s]Only[/s] Second Trump term
Posted: Thu Apr 03, 2025 9:40 am
by GORDON
Retards on a mission.
The [s]First[/s] [s]Only[/s] Second Trump term
Posted: Thu Apr 03, 2025 9:51 am
by Leisher
No they're not. They're the same as the others. As dumb as some of the moves this admin is making, you've still got the "stars" of the other side out proving their ignorance on a daily basis. Jasmine Crockett, in particular, seems to be on a tour trying to prove she's the most racist, sexist, and ignorant person in Congress.
You said something previously about being surprised nobody else here had been affected by anything Trump was doing. Have you ever considered that perhaps the shoe was on the other foot during the last administration?
For all of Trump's bad decisions, he's still got a long fucking way to go to catch up to how much damage the Biden administration did to this country.
There's a reason why the D's approval rating is 21% and still dropping.
The [s]First[/s] [s]Only[/s] Second Trump term
Posted: Thu Apr 03, 2025 10:03 am
by GORDON
Catt's counterpoint a minute ago was disputing Trump by quoting a person I never heard of.
I mean, in context he's probably a fine economist, if Catt quoted him. But I couldn't help but think that to a big, big majority of people, he won't matter. 95% of the internet/news is noise, now.
"We're getting them back half as hard as they have always stuck it to us" will ring incredibly reasonable to a whole bunch of people, and none of them trust talking heads any more to be told otherwise, and rightly. People are lied to all day, every day. And since no matter what he does people always react as if they're losing their minds, when they lose their mind again with this it will ring hollow, again. "The monkeys are riled again, I hope they don't burn my car next."
The [s]First[/s] [s]Only[/s] Second Trump term
Posted: Thu Apr 03, 2025 11:25 am
by TheCatt
Leisher wrote: ↑Thu Apr 03, 2025 9:51 am
For all of Trump's bad decisions, he's still got a long fucking way to go to catch up to how much damage the Biden administration did to this country.
No, he's passed that by miles. He's destroying the economy in real-time. The 1930s were not great.
The [s]First[/s] [s]Only[/s] Second Trump term
Posted: Thu Apr 03, 2025 11:40 am
by TheCatt
The Economist weighs in.
tldr: Everything Trump's doing is wrong. Everything he's saying is wrong.
Almost everything Mr Trump said this week—on history, economics and the technicalities of trade—was utterly deluded. His reading of history is upside down. He has long glorified the high-tariff, low-income-tax era of the late-19th century. In fact, the best scholarship shows that tariffs impeded the economy back then. He has now added the bizarre claim that lifting tariffs caused the Depression of the 1930s and that the Smoot-Hawley tariffs were too late to rescue the situation. The reality is that tariffs made the Depression much worse, just as they will harm all economies today. It was the painstaking rounds of trade talks in the subsequent 80 years that lowered tariffs and helped increase prosperity.
...
On economics Mr Trump’s assertions are flat-out nonsense. The president says tariffs are needed to close America’s trade deficit, which he sees as a transfer of wealth to foreigners. Yet as any of the president’s economists could have told him, this overall deficit arises because Americans choose to save less than their country invests—and, crucially, this long-running reality has not stopped its economy from outpacing the rest of the G7 for over three decades. There is no reason why his extra tariffs should eliminate the deficit. Insisting on balanced trade with every trading partner individually is bonkers—like suggesting that Texas would be richer if it insisted on balanced trade with each of the other 49 states, or asking a company to ensure that each of its suppliers is also a customer.
And Mr Trump’s grasp of the technicalities was pathetic. He suggested that the new tariffs were based on an assessment of a country’s tariffs against America, plus currency manipulation and other supposed distortions, such as value-added tax. But it looks as if officials set the tariffs using a formula that takes America’s bilateral trade deficit as a share of goods imported from each country and halves it—which is almost as random as taxing you on the number of vowels in your name.
This catalogue of foolishness will bring needless harm to America. Consumers will pay more and have less choice. Raising the price of parts for America’s manufacturers while relieving them of the discipline of foreign competition will make them flabby. As stockmarket futures tumbled, shares in Nike, which has factories in Vietnam (tariff: 46%) fell by 7%. Does Mr Trump really think Americans would be better off if only they sewed their own running shoes?
JFC. People don't understand what's coming yet.
The [s]First[/s] [s]Only[/s] Second Trump term
Posted: Thu Apr 03, 2025 11:43 am
by GORDON
Better burn more of other people's stuff to drive the point home.
The [s]First[/s] [s]Only[/s] Second Trump term
Posted: Fri Apr 04, 2025 3:57 pm
by TheCatt
Trump brought the word "retard" back just so he could be the first retarded President in American history.
The [s]First[/s] [s]Only[/s] Second Trump term
Posted: Sat Apr 05, 2025 7:58 am
by TheCatt
With his retarded staff.
The [s]First[/s] [s]Only[/s] Second Trump term
Posted: Sat Apr 05, 2025 8:12 am
by TheCatt
Swiss tariffs on US goods: 0%
US's "reciprocal" tariff on Switzerland: 31% (or, 32%, actually, it's wild, the government publishing both numbers, and no one's sure which is real).
The [s]First[/s] [s]Only[/s] Second Trump term
Posted: Sun Apr 06, 2025 11:50 am
by GORDON
I was wondering if any of you were down a million yet in your retirement and investments.
The [s]First[/s] [s]Only[/s] Second Trump term
Posted: Sun Apr 06, 2025 12:03 pm
by TheCatt
The [s]First[/s] [s]Only[/s] Second Trump term
Posted: Sun Apr 06, 2025 1:56 pm
by TheCatt
GORDON wrote: ↑Sun Apr 06, 2025 11:50 am
I was wondering if any of you were down a million yet in your retirement and investments.
Probably not. Need some schadenfreude?
The [s]First[/s] [s]Only[/s] Second Trump term
Posted: Sun Apr 06, 2025 2:40 pm
by GORDON
Was just wondering.
The [s]First[/s] [s]Only[/s] Second Trump term
Posted: Sun Apr 06, 2025 6:17 pm
by TheCatt
Dow Jones Industrial average futures
fell 1,531 points, or 4% Sunday evening, pointing to another brutal session ahead on Monday. S&P 500 futures
shed 4%. Nasdaq-100 futures
lost 4%.
Tomorrow's looking good.
The [s]First[/s] [s]Only[/s] Second Trump term
Posted: Mon Apr 07, 2025 10:56 am
by GORDON
TheCatt wrote: ↑Sun Apr 06, 2025 1:56 pm
GORDON wrote: ↑Sun Apr 06, 2025 11:50 am
I was wondering if any of you were down a million yet in your retirement and investments.
Probably not. Need some schadenfreude?
Do you really think I would derive amusement from that?
The [s]First[/s] [s]Only[/s] Second Trump term
Posted: Mon Apr 07, 2025 11:19 am
by TheCatt
GORDON wrote: ↑Mon Apr 07, 2025 10:56 am
TheCatt wrote: ↑Sun Apr 06, 2025 1:56 pm
GORDON wrote: ↑Sun Apr 06, 2025 11:50 am
I was wondering if any of you were down a million yet in your retirement and investments.
Probably not. Need some schadenfreude?
Do you really think I would derive amusement from that?
I was just kidding, dude. Sorry.
The [s]First[/s] [s]Only[/s] Second Trump term
Posted: Wed Apr 09, 2025 12:55 pm
by TheCatt
The [s]First[/s] [s]Only[/s] Second Trump term
Posted: Wed Apr 09, 2025 1:18 pm
by GORDON
That would hit harder if there had ever been a moment in either presidency, or the four years in between, when he hadn't been treated with complete derision.
The [s]First[/s] [s]Only[/s] Second Trump term
Posted: Wed Apr 09, 2025 1:31 pm
by TheCatt
Trump pauses tariffs for 90-days on most/all(???) countries except China, which goes to 125%. Looks like 10% for everyone who isn't China.