He's either lying or doesn't know what he's talking about. Either way, it's not a good look for the POTUS to be so wrong about what is essentially Econ 101.
https://www.forbes.com/sites/dereksa...ikes-cfo-says/
trump’s Tariffs Will ‘Probably’ Cause Walmart Price Hikes, CFO Says
trump has either been lying about what his tariffs will do to the economy, or he himself doesn't understand what they will do
- tommy156
- 11-19-2024, 02:09 PM
- bambino
- 11-19-2024, 03:31 PM
KABOOM! ��������
Trump just announced that Howard Lutnick will be Commerce Secretary. ��
Do you have any idea how big this is?
Lutnick speaks about eliminating income tax and fund the government solely on tariffs… just like Trump has been hinting at
https://rumble.com/v5r1n2w-howard-lu...n-tariffs.html
ReTWEET
Trump just announced that Howard Lutnick will be Commerce Secretary. ��
Do you have any idea how big this is?
Lutnick speaks about eliminating income tax and fund the government solely on tariffs… just like Trump has been hinting at
https://rumble.com/v5r1n2w-howard-lu...n-tariffs.html
ReTWEET
- HDGristle
- 11-19-2024, 05:53 PM
Tick tock. That first two years is gonna flu by. They better know where to start and hit the ground running because they may not get 4 to pull off all these things you want, Bam
- bambino
- 11-19-2024, 06:14 PM
- HDGristle
- 11-19-2024, 08:54 PM
Holy shit. You actually read something
- tommy156
- Yesterday, 10:25 AM
KABOOM! ��������It's funny how you just assume we're done with income tax simply because some guy has been talking about it. That's not how any of this works.
Trump just announced that Howard Lutnick will be Commerce Secretary. ��
Do you have any idea how big this is?
Lutnick speaks about eliminating income tax and fund the government solely on tariffs… just like Trump has been hinting at
https://rumble.com/v5r1n2w-howard-lu...n-tariffs.html
ReTWEET Originally Posted by bambino
And what's the difference anyway? A tariff is a tax and a tax is a tariff. They'd just be robbing Peter to pay Paul. I guess you’re ok with more inflation then?
- bambino
- Yesterday, 05:41 PM
- lustylad
- Today, 12:48 AM
From the Forbes article:
"0.3 to 0.4. Those are the percentage-point increases to annual inflation for the tariffs backed by Trump forecasted by economists at both Bank of America and Goldman Sachs."
So let's get this straight... Back in Jan. 2021, Biden/Harris inherited an annual inflation rate of 1.4% (12-month CPI increase). Their loose, reckless and spendthrift fiscal & monetary policies quickly pushed the rate up to 9.1% by June 2022. In other words, they increased inflation by more than six-fold in just 18 months!
Where were you then, tommy? Average Americans were getting crushed, yet I didn't hear a peep out of you.
Now you start a thread before Trump has even taken office warning us about a yet-to-be-implemented policy that - according to Goldman/BoA economists - could add a mere 0.3-0.4 percentage points to the annual inflation rate??
That's like telling us to watch out for possible brush fires after you burned the barn down!
To be clear, I'm a free trade advocate who generally doesn't support tariffs. But for you to act like you know anything about economics, let alone more than Trump and his incoming team do, is a real hoot!
You should have posted this in Gristle's tariff thread.
"0.3 to 0.4. Those are the percentage-point increases to annual inflation for the tariffs backed by Trump forecasted by economists at both Bank of America and Goldman Sachs."
So let's get this straight... Back in Jan. 2021, Biden/Harris inherited an annual inflation rate of 1.4% (12-month CPI increase). Their loose, reckless and spendthrift fiscal & monetary policies quickly pushed the rate up to 9.1% by June 2022. In other words, they increased inflation by more than six-fold in just 18 months!
Where were you then, tommy? Average Americans were getting crushed, yet I didn't hear a peep out of you.
Now you start a thread before Trump has even taken office warning us about a yet-to-be-implemented policy that - according to Goldman/BoA economists - could add a mere 0.3-0.4 percentage points to the annual inflation rate??
That's like telling us to watch out for possible brush fires after you burned the barn down!
To be clear, I'm a free trade advocate who generally doesn't support tariffs. But for you to act like you know anything about economics, let alone more than Trump and his incoming team do, is a real hoot!
You should have posted this in Gristle's tariff thread.
- bambino
- Today, 07:08 AM
Growing up, almost everything you bought had the “ Made in America” tag. It was the gold standard. People didn’t buy products made in China or anywhere else. Now, it’s hard to find the label “Made in America”. Our corrupt politicians, democrats and republicans, sold our manufacturing base away. So here we are. What Tommy doesn’t understand is that other countries charge tariffs on our products. Miraculously, we still have the biggest Economy and markets in the world. Trump has used Tarriffs as a bargaining chip. As heshould. Reciprocity. Trump has said there should be zero tariffs if other countries participate. Bring our manufacturing back home. Buy American. MAGA.
BTW Tommy, Joey Bribes kept Trumps tariffs in place and increased some of them. From CNN
“The Biden-Harris administration has kept most of these tariffs in place and increased the rate of some of the duties.”
BTW Tommy, Joey Bribes kept Trumps tariffs in place and increased some of them. From CNN
“The Biden-Harris administration has kept most of these tariffs in place and increased the rate of some of the duties.”
- tommy156
- Today, 12:03 PM
From the Forbes article:The point is, prices will still be rising. They won't be going down, as falsely promised.
"0.3 to 0.4. Those are the percentage-point increases to annual inflation for the tariffs backed by Trump forecasted by economists at both Bank of America and Goldman Sachs."
So let's get this straight... Back in Jan. 2021, Biden/Harris inherited an annual inflation rate of 1.4% (12-month CPI increase). Their loose, reckless and spendthrift fiscal & monetary policies quickly pushed the rate up to 9.1% by June 2022. In other words, they increased inflation by more than six-fold in just 18 months!
Where were you then, tommy? Average Americans were getting crushed, yet I didn't hear a peep out of you.
Now you start a thread before Trump has even taken office warning us about a yet-to-be-implemented policy that - according to Goldman/BoA economists - could add a mere 0.3-0.4 percentage points to the annual inflation rate??
That's like telling us to watch out for possible brush fires after you burned the barn down!
To be clear, I'm a free trade advocate who generally doesn't support tariffs. But for you to act like you know anything about economics, let alone more than Trump and his incoming team do, is a real hoot!
You should have posted this in Gristle's tariff thread. Originally Posted by lustylad
trump knows nothing about the economy. He inherited nearly all of his wealth and has never had to worry one bit about earning a paycheck.
How anyone can think he's some sort of financial genius is ludicrous. He bankrupted a casino multiple times, for fuck's sake. He doesn't know the first thing about fiscal responsibility.
And he's still either lying about what his tariffs will do, or he himself doesn't understand what they will do. Either way, gas and groceries won't be getting cheaper any time soon. Just another trump lie (or ignorant falsehood) that his dim bulb voters fell for.
- HDGristle
- Today, 12:11 PM
From the Forbes article:You left out the impact of Trump's deal with the Saudi's that he "masterfully" negotiated and then fucked us on when he didn't live up to his end.
"0.3 to 0.4. Those are the percentage-point increases to annual inflation for the tariffs backed by Trump forecasted by economists at both Bank of America and Goldman Sachs."
So let's get this straight... Back in Jan. 2021, Biden/Harris inherited an annual inflation rate of 1.4% (12-month CPI increase). Their loose, reckless and spendthrift fiscal & monetary policies quickly pushed the rate up to 9.1% by June 2022. In other words, they increased inflation by more than six-fold in just 18 months!
Where were you then, tommy? Average Americans were getting crushed, yet I didn't hear a peep out of you.
Now you start a thread before Trump has even taken office warning us about a yet-to-be-implemented policy that - according to Goldman/BoA economists - could add a mere 0.3-0.4 percentage points to the annual inflation rate??
That's like telling us to watch out for possible brush fires after you burned the barn down!
To be clear, I'm a free trade advocate who generally doesn't support tariffs. But for you to act like you know anything about economics, let alone more than Trump and his incoming team do, is a real hoot!
You should have posted this in Gristle's tariff thread. Originally Posted by lustylad
Keep telling you guys, listen to Mr. Global.