So the establishment economists (and fed) keep predicting Trump's policies will lead to bad economic results...

[Raoul_Luke]

And they keep being wrong:

Trump's Tariffs Working as Advertised as Trade Deficit Plummets Record Amount in April

ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

'Powerful Numbers': CNBC's Santelli Praises Trump's Economy

Americans' personal income in the first four months of 2025 is "almost triple the expectations," making for a "great" start of the year.

www.breitbart.com

Trump to Fed: "Lower rates now." He's right.

 

[Harpy Eagle]

The problem with making economic predictions is that Trump's policies literally change weekly if not more often.

The predictions were made based on the announced tariffs...then when the tariffs are pulled back you blame the people making the predictions for being wrong...

 

[Raoul_Luke]

The problem with making economic predictions is that Trump's policies literally change weekly if not more often.

The predictions were made based on the announced tariffs...then when the tariffs are pulled back you blame the people making the predictions for being wrong...

Economic fears mount as Trump tariffs are snarled in court. - POLITICO

Now they are using the "uncertainty" as the reason the economy is "doomed, DOOMED I tell ya!"

LOL!

 

[Harpy Eagle]

Economic fears mount as Trump tariffs are snarled in court. - POLITICO

Now they are using the "uncertainty" as the reason the economy is "doomed, DOOMED I tell ya!"

LOL!

What is it you did for a living? Do you really not understand how businesses do not like uncertainty, how those that invest in the markets do not like uncertainty?

Does this really seem odd to you?

As someone on the verge of retirement, I am not all that found of the unnecessary uncertainty that is the trademark of Trump

 

[Raoul_Luke]

What is it you did for a living? Do you really not understand how businesses do not like uncertainty, how those that invest in the markets do not like uncertainty?

Does this really seem odd to you?

As someone on the verge of retirement, I am not all that found of the unnecessary uncertainty that is the trademark of Trump

Let me put it this way - the "uncertainty" inherent in Trump's economic policies is far preferable than the "certainty" of humungous trade and federal budget deficits, the ever growing regulatory regime and the energy inflation and supply "uncertainty" inherent in the establishment economic policies. THAT is why despite all the hand wringing by establishment economists (and politicians) the American people "get" the Trump agenda:

Rasmussen Right Track Poll Hits Historic High Under Trump

 

[Harpy Eagle]

Let me put it this way - the "uncertainty" inherent in Trump's economic policies is far preferable than the "certainty" of humungous trade and federal budget deficits, the ever growing regulatory regime and the energy inflation and supply "uncertainty" inherent in the establishment economic policies. THAT is why despite all the hand wringing by establishment economists (and politicians) the American people "get" the Trump agenda:

Rasmussen Right Track Poll Hits Historic High Under Trump

For someone claiming to be so anti Govt and establishment you send an inordinate amount of time defending the Govt's attempts to control what you spend your money on.

You have also fallen for the myth that trade deficits are the boogieman.

I have a trade deficit with my local grocery store, they give me stuff and I give them my money. That is exactly what any trade deficit is. Our trade deficit is because you, me and the rest of the residents of this country have chosen to buy things made in other countries, often because they are better quality or cost less and sometimes both.

As for the federal budget deficits, those are indeed the problem and at least with Trump there is no uncertainty, he is going to add record amounts to the US Fed debt. He is looking to spend more than a trillion dollars just on the DOD. Yet here you are, defending him like he is your brother.

 

[Raoul_Luke]

For someone claiming to be so anti Govt and establishment you send an inordinate amount of time defending the Govt's attempts to control what you spend your money on.

You have also fallen for the myth that trade deficits are the boogieman.

I have a trade deficit with my local grocery store, they give me stuff and I give them my money. That is exactly what any trade deficit is. Our trade deficit is because you, me and the rest of the residents of this country have chosen to buy things made in other countries, often because they are better quality or cost less and sometimes both.

As for the federal budget deficits, those are indeed the problem and at least with Trump there is no uncertainty, he is going to add record amounts to the US Fed debt. He is looking to spend more than a trillion dollars just on the DOD. Yet here you are, defending him like he is your brother.

The "myth" here is the idea that a country can run large trade deficits year after year after year with no negative repercussions. Your "deficit" with the grocery store is an inapt analogy, because the guy who owns the store (and his employees) are likely to patronize your business or employer, thereby returning the favor. That isn't what happens with a trade deficit with a foreign country that actively seeks to keep you from selling your products in their country (obviously).

And while I am somewhat disappointed in the increase in military spending, if it keeps us out of future wars it is pretty cheap insurance. At the same time, if the economy starts growing at 4 to 5% a year with contained inflation (causing incomes to swell), couple that with the DOGE cuts and we just might grow our way out of the mess the politicians you support got us into.

 

[Harpy Eagle]

The "myth" here is the idea that a country can run large trade deficits year after year after year with no negative repercussions

Yet we have done it for a few decades and people like to blame the Fed deficit/debt on it but that is not really the case. Other than that, what bad has come of it?

And while I am somewhat disappointed in the increase in military spending, if it keeps us out of future wars it is pretty cheap insurance.

The only wars we have been in since WWII of our own making, nobody ever attacks us...we do the attacking. You might notice that the only people out there invading other countries are us and Russia.


And there is no way we spend a trillion dollars or more on our military and never set out to use it.

 

[John T]

And they keep being wrong:

Trump's Tariffs Working as Advertised as Trade Deficit Plummets Record Amount in April

ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

'Powerful Numbers': CNBC's Santelli Praises Trump's Economy

Americans' personal income in the first four months of 2025 is "almost triple the expectations," making for a "great" start of the year.

www.breitbart.com

View attachment 82781

Trump to Fed: "Lower rates now." He's right.

Almost 80 million Americans voted for Trump and probably even more than that who also support him.

Who do you think they will trust?

The President or the LYING Ass Fake News Legacy Media.

 

[Bugsy McGurk]

Economic fears mount as Trump tariffs are snarled in court. - POLITICO

Now they are using the "uncertainty" as the reason the economy is "doomed, DOOMED I tell ya!"

LOL!

If you knew anything about business you would know how damaging it is to create a climate of regulatory chaos that changes from day to day.

 

[Bugsy McGurk]

And they keep being wrong:

Trump's Tariffs Working as Advertised as Trade Deficit Plummets Record Amount in April

ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

'Powerful Numbers': CNBC's Santelli Praises Trump's Economy

Americans' personal income in the first four months of 2025 is "almost triple the expectations," making for a "great" start of the year.

www.breitbart.com

View attachment 82781

Trump to Fed: "Lower rates now." He's right.

Wow. Ridiculous hacks like Santelli are showering Trump with praise?

;-)

 

[John T]

If you knew anything about business you would know how damaging it is to create a climate of regulatory chaos that changes from day to day.

 

[Harpy Eagle]

ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

are you excited that Americans paid an extra 23 billion in taxes?

 

[as seen on tv]

And they keep being wrong:

Trump's Tariffs Working as Advertised as Trade Deficit Plummets Record Amount in April

ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

'Powerful Numbers': CNBC's Santelli Praises Trump's Economy

Americans' personal income in the first four months of 2025 is "almost triple the expectations," making for a "great" start of the year.

www.breitbart.com

View attachment 82781

Trump to Fed: "Lower rates now." He's right.

 

[John T]

are you excited that Americans paid an extra 23 billion in taxes?

 

[as seen on tv]

OK good link. But most people would say housing affordability is a bigger idmssue than trade balance.

The national debt, inflation, mortgage rates, home prices, are my hot buttons.

 

[Harpy Eagle]

let me guess, you are one of the braindead drones that believed Trump when he told you the other country pays the tariff...

 

[Raoul_Luke]

OK good link. But most people would say housing affordability is a bigger idmssue than trade balance.

The national debt, inflation, mortgage rates, home prices, are my hot buttons.

Yeah, well that's why the fed needs to go - they should have lowered rates as soon as the stock market got wobbly at the prospect of the tariffs. Actually before that. The idea that they needed to worry about rates in the face of higher prices due to tariffs is moronic. That's not a surge in demand causing the higher prices. Show me where they raised rates when the corporate taxes were increased in the past - never happened because it wasn't "inflation." Now it is, because...Trump!

 

[Bugsy McGurk]

are you excited that Americans paid an extra 23 billion in taxes?

Trump tells them the exporting nations pay them. Many of them are dopey enough to believe it.

 

[Raoul_Luke]

Trump tells them the exporting nations pay them. Many of them are dopey enough to believe it.

Yeah, who cares if inflation is down and GDP (and incomes) are up, the tariffs are baaad I tell ya! LOL!