@snarlcakes Per the point of the last few posts...its still early in the process. If he insists on keeping these tariffs at the levels he put them at, then consumer prices will rise. They already are in some areas. I explained why I think they haven't yet in others.
I hope I'm wrong on all this... and sure, I'll admit that I am in a year or two or three... when it becomes clear that I missed the mark, if that happens.
I hope you two haven't been ones saying "its early" though when others have brought up rising fuel prices, cost of various things rising, etc... versus what he promised... actually mocked the previous administration for.
I guess Trump does get to set the narrative however he sees fit... makes it easy for lots of people to know how to think about things, I guess.
@snarlcakes Per the point of the last few posts...its still early in the process. If he insists on keeping these tariffs at the levels he put them at, then consumer prices will rise. They already are in some areas. I explained why I think they haven't yet in others.
I hope I'm wrong on all this... and sure, I'll admit that I am in a year or two or three... when it becomes clear that I missed the mark, if that happens.
I hope you two haven't been ones saying "its early" though when others have brought up rising fuel prices, cost of various things rising, etc... versus what he promised... actually mocked the previous administration for.
I guess Trump does get to set the narrative however he sees fit... makes it easy for lots of people to know how to think about things, I guess.
I stick with the data and change my opinions based on it. When Trump took office CPI was 3%. It's 2.9% right now. I've maintained tariffs aren't inflationary (they're deflationary) and they're anti-growth. I've been much more concerned with a slow down. By the way Trump has consistently said tariffs aren't inflationary and they're pro-growth. I've disagreed with his narrative the entire time.
@carramrod of course I was opposed to it. I don't flop around like a fish on the dock regarding my positions, like most. Taking a direct investment stake in one floundering company by the federal govt is abhorrent. And exponentially worse than anything the crazy Dems ever considered trying.
Same for applying a $3-500b/yr consumption tax on the American public by executive fiat.
Without a doubt, the Trump administration is the most socialist administration we've seen since LBJ.
$550 billion in a sovereign wealth slush fund from Japan that Trump and cabinet will decide how to disburse. Taking a 10% stake in Intel.
Free market capitalism is dead. DC and Daddy Trump will decide how to best allocate capital.
All socialists should rejoice. They've got a champion in control of everything. Central planning has a great track record
Not sure I'd call it socialist. It's certainly anti free-market and pro-govt- involvement in the markets, none of which is necessarily a bad thing unless you're an idealogue about free-market economics rather than a pragmatist who looks at the data and is willing to acknowledge some trade offs of efficiency are worth it to advance other values.
President Trump and his staff concentrated their strategy on Trade and Tariff issues, understanding these types of issues can be politically exploited and are the purview of the Executive Branch to do so, avoiding Democrat obstruction.
@dbmhoosier i think us businesses are absent what they can negotiate with the manufacturers overseas. i can tell you my companies are paying half of the duties. it's an expense we never had before. and i am certain we are not alone
