Good luck with the tariffs, fascist bootlickers ❤
this post was submitted on 10 Nov 2024
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People genuinely don't understand this and it's scary.
I feel like I'm going crazy explaining what a tariff is to people over and over who have never heard the word before but are praising it as a way to make everything cheaper and boost our economy
The same dumb-dumbs think Elon is both a brilliant businessman in the way he's running Xitter (now worth 80% less. I don't have an MBA, but I think that might not be a good way to run a business), AND think he would be just perfect for "fixing" our "wasteful" government spending.
SMH.
You silly! Elon told us he's running it as a "reverse start-up".
Prices will come down in two weeks everyone. Just like their infrastructure plan, their ACA replacement, his taxes...
They'll come down even before he is in office, because "the markets anticipate his miraculousness, you silly libs!"
Hmmmm what do you call it when you STAGnate the economy (like by shrinking it $5.1T) and cause inFLATION (by returning to fucking mercantilist economic policy)? Sounds so familiar....
I call it Trump-flation, and I think everyone else should do the same.
Good. Bring on the economic pain. The worst case scenario is if he actually improved things while doing the evil he promised
Tariffs/wars will show a long term price hike, but there will be some products that decrease in price giving people strawmen. When countries place tariffs back against us, our exports will drop. When they do those products will have a surplus until they slow production to meet new expectations. When they have the surplus the prices will drop to sell the extra product. Once that product line is sold, and they lower their production to get their profit margins back up, that's when prices will increase for those products. Last time soybeans were one of those products I believe.
Tinfoil hat time. What if Trump convinced food CEOs to make everything expensive and then when he returns they put the prices down.
Occam's Razor time, he doesn't have to do anything because we are on the downslope of the inflation. He just has to sit there and tweet for a year, then claim credit. And the same low information voters who said it was Biden's fault bread went from $2 to $5, will praise his economic prowess.
If inflation works like it has in the past, prices are not returning to their prior amounts, though. The brainstems won't be able to grasp that, I'd wager.
Exactly.
If inflation is 10% in one year and falls to 2% the next then stuff is still 12% more expensive than it was two years ago.
I can't help wondering how many people who voted in the last election understand this though. Single digits?
Given my time on this planet and how I've seen get very basic things related to math so very, very wrong, I would say it's likely to be a disappointing answer.
Who the hell is buying $5 bread.
I was actually quoting a buddy of mine. That was his reasoning:
If a loaf of bread goes from $2 to $5 in one presidential term somebody fucked up
You have to love those GOP talking points. State some facts, then intentionally come to all the wrong conclusions. World class whiners.
Remember, those CEOs are also all trump sycophant idiots. They'll artificially lower costs further, to sell the lie, trump admin will make up the difference, and then some, on "lost" profits in tax breaks for the rich. Then, once he can take credit, they'll start to raise again, blame China or another country for rising prices as they climb back up and surpass current.
That will be the paper plan though, in reality, he'll lose his focus and just say it out loud halfway through.
He's going to undo Biden-era policies that attempted to correct Trump-Era policies so he can continue making shit policy.
And he has a corrupt supreme court to rubber stamp every unconstitutional law he proclaims.
The economic situation is a 50 year problem. Since 1973 the bottom half of Americans wages went up only $3 despite inflation. Good luck Trump, you won't get through this trap you have set for yourself
Hey, the stock market and crypto went up even HIGHER and donvict is not even in office. Aren't they all millionaires now?
But I'm told that economic indicators like that are not something the qons are interested in, because "but I felt poor, you guyyz!!!1111"
We'll see how long that lasts, won't we? The same dumbshits that were blathering on about how eggs were costing $20 each and bacon went up 11-bazillion-percent are going to be pointing at the stock market if that is doing ok, and corporations are still gouging away on grocery prices...
Maybe prices will come down with the next downturn. Will be tough to hold a job to pay those reduced prices, but at least the prices are lower.
Sorry, folks! Only inflation, death, and Great Depression 2.0 ahead. Moose out front should have told, ya.
Don't forget the next great pandemic . This time with less chicken and pork.... mabe beef too. Tbh probably alot of other goods.
Bird flu
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Economic change will come. Food +15-35% Imported goods +20-45% Taxes will rise Wages will stagnate Unions will be busted Social services will be discontinued
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They are going to miss the shit out of Biden before long.
Prices are already going up and layoffs are already starting in anticipation of the tariffs.
All the while, Trump and his rich buddies are going to rob us blind.
I wonder what the new social security retirement age is going to be.
social security retirement age
Retirement age will be two years after you die.
All the while, Trump and his rich buddies are going to rob us blind.
Yep, people that are liquid are going to buy up America for pennies on the dollar. Oh, and the Democrats will of course be blamed by the demons in the wingerverse.
I wonder what the new social security retirement age is going to be.
Death will set you free.
I fell like this government is going to be telling people "work will make you free".
No they won't miss Biden . They will keep blaming the immigrants and vote Trump.
The beatings will continue until the promises of Trump are achieved.... They will cheer for the beatings and say the only reason it isn't working because there aren't more beatings m
Very true. It's been this way since forever. It's a lot like big-C Communism: conservatism can never fail, only people can fail conservatism by not doing it HARD enough or properly enough, etc...same cult-like belief. It doesn't matter how miserable conservative policies make everyone (but the very upper 1% of 1%), we aren't doing enough of it.
Yup look at Pol Pot and Cambodia. Or the Spanish Inquisition.
I am too, which is why am buying appliances I've been putting off and a gaming PC before the end of the year and getting my garden ready to go and got my deep freezer full of food.
Oh just to share the phyrric victory of Trump's last round of tariffs.
https://taxfoundation.org/blog/international-trade-commission-tariffs/
TLDR:
Through one lens, the tariff policy was a success. Imports of washers declined steadily between 2017 and 2022. The ITC reports that imports were 90 percent lower in 2022 than they were in 2017. As a consequence, the “domestic industry gained market share and improved its financial performance during the 2018-22 period,” the ITC determined.
The irony, however, is that the entire increase in domestic market share was driven by washers made by Samsung and LG in their new U.S. factories. The fortunes of the incumbent domestic manufacturers not only failed to improve—they continued to decline.
....
The results suggest that cheap imports were not the problem for incumbent domestic producers who sought protections, nor were the protectionist tariffs the solution. Incumbent producers proved unable to compete before and after the protections.
which is why am buying appliances
I half wondered if the market spiked so much because some people expect a huge uptick in spending (for the next two months) by people that are bracing for the tariff impact.
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People about to be surprised that the leopards are eating their faces.
It's hilarious how gullible right wing losers are. They really think Trump gives a shit about them. Numbskulls
You goddamn rubes. You've fucked us all.
Another ... Brexit
All over again
Lol. You’re gonna get fucked you idiots.
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