Liberation Day

It was just 2018 when Obama was calling for tariffs.....

INSISTING that reciprocal tariffs were NECESSARY.....

What changed Barry???
(Pro hint -- the messenger)

when some Unions are ok with it

Liberation day flopped.
As a result. Tomr may become known as black monday!

Liberation day flopped.
As a result. Tomr may become known as black monday! Originally Posted by winn dixie

??????

I think some of you are failing to remember that the stock market (Dow) is exactly where it was in August of 2024 (within a few hundred points), just 7 short months ago.

Buy! Buy! Buy!

And, as I and F4D have pointed out, it wasn’t long ago that the Dems were all for tariffs. The only thing that has changed is the messenger.

I think some of you are failing to remember that the stock market (Dow) is exactly where it was in August of 2024 (within a few hundred points), just 7 short months ago.

Originally Posted by FBSMLUVR

^^^^

Exactly!

It was just 2018 when Obama was calling for tariffs.....

INSISTING that reciprocal tariffs were NECESSARY.....

What changed Barry???
(Pro hint -- the messenger)

Originally Posted by Flair4Drama

A lot more than the messenger has changed. The world has not seen these kinds of tariffs since the early 1930's, and you know how that worked out.

A lot more than the messenger has changed. The world has not seen these kinds of tariffs since the early 1930's, and you know how that worked out. Originally Posted by brasil

Then that begs the question once again. Why were the Dems all in for tariffs just a few short years ago??



Also, keep this in mind:

“Smoot-Hawley is often blamed for helping prolong the Great Depression. The stock market had already crashed in 1929, the year before Smoot-Hawley was signed into law, but the tariffs deepened the depression, sending stocks even lower.”

Tariffs were not the “cause” of the Great Depression.

There’s also this:

https://en.m.wikipedia.org/wiki/Caus...at_Depression#


“Current mainstream theories may be broadly classified into two main points of view.

The first are the demand-driven theories, from Keynesian and institutional economists who argue that the depression was caused by a widespread loss of confidence that led to drastically lower investment and persistent underconsumption. The demand-driven theories argue that the financial crisis following the 1929 crash led to a sudden and persistent reduction in consumption and investment spending, causing the depression that followed. Once panic and deflation set in, many people believed they could avoid further losses by keeping clear of the markets. Holding money therefore became profitable as prices dropped lower and a given amount of money bought ever more goods, exacerbating the drop in demand.

Second, there are the monetarists, who believe that the Great Depression started as an ordinary recession, but that significant policy mistakes by monetary authorities (especially the Federal Reserve) caused a shrinking of the money supply which greatly exacerbated the economic situation, causing a recession to descend into the Great Depression. Related to this explanation are those who point to debt deflation causing those who borrow to owe ever more in real terms.”

hen that begs the question once again. Why were the Dems all in for tariffs just a few short years ago??

The fact that some tariffs make sense do not mean that universal tariffs, that is, a global trade war, makes sense.

For all you MAGAs saying “Dims were all for tariffs before…what changed?? ….. the messenger” (I don’t recall being for them myself)

Why weren’t you for the tariffs back then? I wasn’t, so there’s my answer. What say you?

I’ll wait

https://www.dailymail.co.uk/yourmone...p-tariffs.html

Liberate your stocks

A lot more than the messenger has changed. The world has not seen these kinds of tariffs since the early 1930's, and you know how that worked out. Originally Posted by brasil

Then why were Pelosi, Schumer and Obama touting them through 2018???

The fact that some tariffs make sense do not mean that universal tariffs, that is, a global trade war, makes sense. Originally Posted by brasil

Purely speculation on your part. None of us know how this is going to play out as I’ve stated many times before. But, the fact that TDS is so rampant, regardless of what Trump does, you’re gonna hate on it.

Status quo is no longer acceptable nor has it worked. We need to grow our balls back as a country and quit allowing every country in the world to fuck us in the ass. We have huge trade deficits with these countries, but I suppose you’re ok with that. Or do you just not understand what a trade deficit means and how it effects our economy?

I personally would prefer American made and see manufacturing come back to this country. The UAW also agrees.

Someone not happy with the trade war…….

“Billionaire hedge fund investor Bill Ackman, who endorsed President Trump last year, is offering a stark warning about the risks of the White House’s tariff plans, arguing it could cause the economy to collapse while hurting Trump supporters the most……”

Ackman is CEO of Pershing Square Capital. He also stated:

“This is not what we voted for.”

https://thehill.com/homenews/adminis...trump-tariffs/