Will tariffs make America great?

JayUtah said:
People have said that Pres. Trump doesn't know how tariffs work. I have maintained that he really does, but he hopes that you don't know how they work. He wants to maintain that he's a shrewd businessman who knows The One Weird Trick that makes all the other countries pay the United States so that the U.S. doesn't have to tax its own population. He needs importers and retailers to eat the tariff in order to maintain that illusion. If the conversation goes per form, we'll see something like.

Trump: No, the other country pays the tariff.
Reporter: But hasn't Walmart has acknowledged importers have to pay the tariff and want to raise prices to do so?
Trump: Who do you work for?
Reporter XYZ News.
Trump: That was a very bad question. You shouldn't be asking that question. That's why your organization is failing.

Trump can't decide whether we're going to be stuck in an austerity economy or a command economy. But on the other hand, Democrats have been saying for quite some time now that corporate profiteering is what's driving inflation and high prices, and have argued for a higher tax rate on corporations to bring some of that profit back into the public sector. It seems Pres. Trump agrees.
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I'd like him to explain why that was a bad question. He's such a chicken ◊◊◊◊.
 
Resume said:
I'd like him to explain why that was a bad question. He's such a chicken ◊◊◊◊.
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It was a bad question because he didn't want to answer it, obviously. If he'd been asked, with tears in the reporter's eyes "Sir, why are the bestest President ever? So much better than Obama and you and Putney make such a cute pair, would you prefer if we called you 'Trumin' or 'Putump' because you're the sexiest celebrity couple evah.." THAT would have been a 'good question's.
 
i agree, i think he knows how they work and so does his administration. that's the problem with this whole scheme, they can go out and say gas is less than $2 a gallon and that groceries are down and the economy is the best it's ever been, but people will get gas and drive to the store. they're looking for a way to limp this thing to the finish line and boy they have a long way to go.
 
dirtywick said:
i agree, i think he knows how they work and so does his administration. that's the problem with this whole scheme, they can go out and say gas is less than $2 a gallon and that groceries are down and the economy is the best it's ever been, but people will get gas and drive to the store. they're looking for a way to limp this thing to the finish line and boy they have a long way to go.
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Simple minded republicans will suck it up and maintain the illusion (and vote republican again) because they cannot bear to admit that they have been played for the fools they actually are.
 
Steve said:
Simple minded republicans will suck it up and maintain the illusion (and vote republican again) because they cannot bear to admit that they have been played for the fools they actually are.
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i think that's true for some. in time i think enough of them will become disillusioned at the betrayal, if even for the wrong reasons, that there will be some kind of reckoning. for example, you can't really suck up and ignore that your social security check didn't come
 
Trump always lies, even when he doesn't have to. And it always gets found out. His tariff scam is just another lie to the US nation. But like all Trump's lies, he gets away with them unscathed and consequence-free. That's the galling part.
 
Norman Alexander said:
Trump always lies, even when he doesn't have to. And it always gets found out. His tariff scam is just another lie to the US nation. But like all Trump's lies, he gets away with them unscathed and consequence-free. That's the galling part.
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He doesn't deliberately lie with the intent to mislead though. He just doesn't care whether what comes out of his piehole has any relation to truth. Truth, to him, is what comes out of his piehole.

◊◊◊◊◊◊◊◊, in the Frankfurtian sense, as I have been saying for years.
 
arthwollipot said:
He doesn't deliberately lie with the intent to mislead though. He just doesn't care whether what comes out of his piehole has any relation to truth. Truth, to him, is what comes out of his piehole.

◊◊◊◊◊◊◊◊, in the Frankfurtian sense, as I have been saying for years.
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True. So we see a "yet another lie, just like the other lies before", and he sees "my truth as of right now". Of course, like Melbourne weather, wait 30 seconds. It will come out diametrically opposite.
 
it’s economic data and relevant to the thread. in fact i think it’ll be interesting to see how the market reacts to things as they develop.
 
dirtywick said:
it’s economic data and relevant to the thread. in fact i think it’ll be interesting to see how the market reacts to things as they develop.
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Insignificant movements of the Dow Jones up or down 1 point, is irrelevant to the thread.
 
Hercules56 said:
Insignificant movements of the Dow Jones up or down 1 point, is irrelevant to the thread.
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i disagree for the reasons i stated

and its not really your place to say to someone contributing information that it’s not welcome if you’re not contributing any new information to the thread besides your own thoughts imo
 
dirtywick said:
i disagree for the reasons i stated

and its not really your place to say to someone contributing information that it’s not welcome if you’re not contributing any new information to the thread besides your own thoughts imo
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Not how this works, sorry.
 
dirtywick said:
it’s economic data and relevant to the thread. in fact i think it’ll be interesting to see how the market reacts to things as they develop.
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Didn't tell him to stop reporting it. He is very welcome to do so. But this is like concentrating on the health of just one sheep in a flock of hundreds of others.
 
i don't think anyone is trying to imply the dow is the only sheep in the flock that matters. it's a big ass sheep though.

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in fact, i'll again state i think it's pretty interesting to watch it react to months of bad news and numbers. like, what is going on and when will it correct?
 
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dirtywick said:
i don't think anyone is trying to imply the dow is the only sheep in the flock that matters. it's a big ass sheep though.

edit

in fact, i'll again state i think it's pretty interesting to watch it react to months of bad news and numbers. like, what is going on and when will it correct?
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We don't need to know that the dow dropped 1 point.
 
dirtywick said:
i don't think anyone is trying to imply the dow is the only sheep in the flock that matters. it's a big ass sheep though.
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It's not the only big sheep in the flock. It's one of many. Plenty of other global stock exchanges.
dirtywick said:
in fact, i'll again state i think it's pretty interesting to watch it react to months of bad news and numbers. like, what is going on and when will it correct?
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Watching the day-to-day close price is far too microscopic a view. I provided a better view of this above. Here's the 6M graph just now. MUCH more informative of the "Trump effect".

1747957847151.png
 
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If you're going to use one thing as a convenience to measure the stock market, isn't the S&P 500 a better choice? I'm not an economist but I've seen them played on TV.
 
TragicMonkey said:
If you're going to use one thing as a convenience to measure the stock market, isn't the S&P 500 a better choice? I'm not an economist but I've seen them played on TV.
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i guess it depends on the question you’re trying to answer. certainly and option to look at both
 
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