Mikie2times

He’s backed himself into a corner a bit with his rhetoric, not that doing the opposite of what he says matters. It will come this week. I don’t think he can survive the pressure if it doesn’t. His own party will turn on him and is already starting to do so.

Like you never brought a few loaded guns to the airport....pshhh

Estimated market losses divided by a 75k salary

If we just stopped at this moment and invested the losses at 75k per year salary we could create 66 million jobs.

Doesn’t appear like a market bottom is in site. Futures are 3% down. Worst route since Covid. I don’t imagine FOX will have tickers running this week. Trump will celebrate Zimbabwe negotiations. In a matter of 3 trading days we are approaching a Bear market from all time highs just weeks ago. Incredible. I’m 42 and the only comparable market events I saw to this was housing crash and Covid.

And why would any prudent business owner take the steps to help accommodate a more long term outlook on these policies? One that Trump sort of needs to even check the box of returning jobs? No trust. How can you reroute your supply chains in a permanent way, build more in the US, when the reality is this could very well be an ill conceived negotiation ploy. At some point business and foreign countries have to trust our government will keep the rules the same for more than five seconds to have any material impact, good or bad.

A lot of the Trump voters that actually sealed the deal aren’t even MAGA. They have bulky 401k’s. They were ostracized by the Democrats in the election process (as was I). They took a lesser of two evils approach on the vote. But no where did they expect what has been happening to the level that it has and they certainly won’t put up with. Trump can’t hold the support of the US with his MAGA core. He needs to the moderates and swing voters and he’s losing them in mass with these policies. It will be a democratic route next cycle.

But, but, but…we have been taken advantage of too long! Not that any value exists for the US in international peace or a thriving global economy. It now only matters what our trade deficit is with third world countries.

That’s just it. No end game, no definition of success. End game as far as I can tell is bring back more manufacturing jobs. Ok, at what cost? If every consumer in the US is paying more for basic goods and services, did it end up being worth the additional manufacturing jobs? A study was done on his first term round of terrors and it found washing machines and drying machines elevated in cost and they never went back down. That while jobs were created the average cost to Americans equaled 800k per created job. That isn’t winning.

Big news, we will still be at a trade deficit forever with these underdeveloped countries so I guess we are still losing right?

People are mad because they’re worried “it will work” and they don’t want all the glory going to Trump. If that wasn’t true they would have zero reasons to complain. These actions will cost MAGA the house, senate, and presidency. What you should be asking yourself is despite knowing that, why do liberals still care so much about what’s happening? Why wouldn’t they just let it crash and burn? Maybe it’s because we want to make sure something is even left.

Tariffs hit Wednesday at 4pm. China doesn’t even retaliate until Friday early. Market closes Friday at 4pm. Poll comes out Saturday morning. Not thinking it’s taking in all that much from this week, but who am I to judge.

Are you as passionate that it will work as the people who think it won’t? It sounds like you’re more in the “we have to try” camp.

Current justification If most people disagree with it, I like it more We have to try something Biden was awful It could work, you don't know You should have known better (Tariffs, being in the market, etc) I'm curious, do any of you actually think this is a good idea and will work? If it does, what does "working" look like to you? Is it elevated prices with increases manufacturing? Prices coming down eventually? Trade deficits being more equalized <= what does that mean for the average consumer? Does this have any end game? Do we just live in this state or do we revaluate, if so, how soon? I'm a bit tired hearing more jobs. The goal can't be as wide as a house or it will never be hit. Does this plan have any "plan" from your perspective or from the White Houses that is a little more specific on what success looks like?

Nike is going to come to the US, it's employees with join the teamsters. They will be paying 20x the labor costs. Costs will be passed to consumers. Sum of all costs past to consumers will be greater than income of jobs created.

We will use taxes to subsidize employment in less skilled and uneducated jobs. Ironically, sounds a bit like something Bernie would do.

It’s not like we don’t have priests from mega churches doing the same Union made Nikes 😂

Or maybe a few do, they join the union, and we make a part for 5x. We subsidize the uneducated with jobs because they didn’t want to go to school. What type of structure again redistributes wealth to the lower class? I forget what they call that?

The world has had plenty of independent thinkers who have come to horrible conclusions, many of which have been world leaders. Those decisions have had horrible consequences to the citizens of those countries. So no, that doesn’t give confidence in his decisions.

So that validates his decisions?

Your post assumes tariffs are a good idea. Most research showed it cost Americans over half a million dollars per job created with his washing machine tariffs. So it's a little more complicated than just suck it up. The left kicked the can down the road more because the current state of the economy is as fragile as it's been in over a decade and any solutions that don't severely impact our current quality of life (that don't involve taxing the F out of the most wealthy, which you won't let happen) are not very realistic. So my bad if it's a little unsettling to pivot from a somewhat justified extreme level of caution, to rip the the band aid off and let it bleed out. We have no undue button at this point and the notion that this current sacrifice will somehow lead to better and more fulfilling times is not an opinion shared by most economists or historians.

You aren’t really making a good case for “we should have known better”. The reality is if people believed this is what he was going to do he would not be president.

You said we "should have known" when Trump said he would use Tariffs, that we should believe him. I provided reasons why believing him is difficult. You responded with something sarcastic. I assume to defend his honesty. I gave you a policy that we know he doesn't support, but is just supporting for the sake of votes and asked you if he supports it? (example of a really big lie). You said you won't engage in deflecting.

You think he's pro life?

Even if you believed Tariffs won't result in permanently higher prices (as they have repeatedly throughout history)the way these were implemented are asinine. The vast majority of these countries are poor, making products that we will never make, and never will come close to purchasing goods the US is making. If you plan on building an empire in the US selling a product that somebody in Cambodia will buy, what the hell are you making? The fattest kid is not also going to be the one who sells the most food.