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Kamala Harris for Pres

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The Thriller said:
Except, all major economists in the country say that Trump’s tariffs would be inflationary and result in a recession. Which is interesting. The same people who want Trump tariffs are also The same people that have bitched nonstop over the last four years about a growing economy. For me and my family? I want the economy to keep growing, my 401k and stocks to keep hitting record levels, and for me to be able to purchase cheap foreign made goods. Biden’s economy has been amazing for me (and for the majority of this country).

Sure, it would be cool to buy an American made iPhone. But I’m certainly not willing to pay 10x the price for it. Cheap imported goods is good for the consumer. Protectionist policies aren’t.
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Trumps tariffs in particular are dumb as hell. Broad and unfocused with no real goal. I was speaking to the tweet saying tariffs don't push production towards the home country.

There are reasonable application cases for tariffs (I don't know enough to say when tariffs would be more/less effective than using direct stimulus on your own industries).

As one example, I'm a big fan of our recent push for US semiconductor production, and I approve of tariffs being used in conjunction with the CHIPS act as they currently are by the Biden admin (the numbers could be all wrong, but I approve of the direction).
 
I suppose if I were being generous I could interpret Trumps tariff proposals as an attempt to hurt China at a cost to ourselves, so a goal of sorts. Could be reasonable in a wartime situation (eg we ate some higher energy prices to hurt Russia in their war against Ukraine), but I don't see any reason to do that with China currently (and it would hurt us much more than the Russian situation).

I'm perfectly happy being friendly with China and most countries around the globe, politicians too often turn to other countries to blame instead of looking at any of our own failings (other countries too obviously, not a unique US problem).
 
Eminence said:
I suppose if I were being generous I could interpret Trumps tariff proposals as an attempt to hurt China at a cost to ourselves, so a goal of sorts. Could be reasonable in a wartime situation (eg we ate some higher energy prices to hurt Russia in their war against Ukraine), but I don't see any reason to do that with China currently (and it would hurt us much more than the Russian situation).

I'm perfectly happy being friendly with China and most countries around the globe, politicians too often turn to other countries to blame instead of looking at any of our own failings (other countries too obviously, not a unique US problem).
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Interpret?

Why must we always interpret Trump? Why can’t we just take things at face value? I other politician gets this kind of treatment. He doesn’t understand economics, thinks he can pay for his domestic spending via tariffs, and doesn’t understand that his tariffs will cause our economy to have higher inflation (tariffs are inflationary) and retract. These are facts. Yet, Trump receives special treatment from people like you, why? What has he done in the last several decades to earn this level of trust? Benefit of the doubt? Because he starred on some crappy reality tv show?
 
The Thriller said:
Interpret?

Why must we always interpret Trump? Why can’t we just take things at face value? I other politician gets this kind of treatment.
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You're jumping at bogeymen and being a bit prickly. Relax man.

We don't always have to nor do we, I did so here and now because I found it helpful to understand where someone else might be coming from (more with a goal of understanding his voters than Donald himself).
 
Its funny how trump lays out his very basic, lacking context plan for the country and economy as: Less taxes for everyone, no overtime tax (this would be awesome for me personally as I get 8 hours of overtime literally every other week but would be bad for the deficit), no tax for tips, deport a huge portion of the workers in the country, stop more workers from entering the country, impose massive tariffs on everything.... Then someone says to him something like: Experts in the field say that many of those things will make the deficit explode and also make inflation worse. trump basically responds with: Those experts are idiots. I know more about everything than anyone. No details of how these plans of his wont increase inflation or explode the deficit. No specifics. Just, I smart. Everyone else dumb.
 
Eminence said:
You're jumping at bogeymen and being a bit prickly. Relax man.

We don't always have to nor do we, I did so here and now because I found it helpful to understand where someone else might be coming from (more with a goal of understanding his voters than Donald himself).
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Huh? None of us are unknowns. Trump is the most known politician of all time and it’s no secret what most of us think of him on this website. If you needed this conversation to know that I don’t like Trump and believe (as all notable economists believe) his economic policy to be idiotic, then you’re dumber than I thought. You probably don’t recognize it, but this exchange says a lot more about you than anything else.

As I’ve said many times before:
1. Dumber than rocks
2. ****** people
 
The Thriller said:
Huh? None of us are unknowns. Trump is the most known politician of all time and it’s no secret what most of us think of him on this website. If you needed this conversation to know that I don’t like Trump and believe (as all notable economists believe) his economic policy to be idiotic, then you’re dumber than I thought. You probably don’t recognize it, but this exchange says a lot more about you than anything else.

As I’ve said many times before:
1. Dumber than rocks
2. ****** people
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Dude. Nothing he/she posted was toxic or insulting or unreasonable etc.

You became quite a dick to him/her quite quickly and should probably apologize.

Sent from my CPH2451 using Tapatalk
 
fishonjazz said:
Dude. Nothing he/she posted was toxic or insulting or unreasonable etc.

You became quite a dick to him/her quite quickly and should probably apologize.

Sent from my CPH2451 using Tapatalk
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I identify as a dude (he/him).

Thriller, I am well aware you don't like Donald.

I (perhaps wrongly) assumed my views were also well enough known - but anywho, as a communist married to a trans man (indicators of a few primary reasons I might not like Don), I'm also not Donald's biggest fan.

I even agree with the basic description of Donalds supporters currently as either ignorant or self centered. But I don't believe we can get the country/world to being all it can be with your current level of animosity or by trying to leave that big a percentage of the population behind. We need to reach these people and convince them to change their ways, and I tend for a gentler approach than you do. I only hope one of the approaches works, I'm happy enough if it's yours, but I'll stick with mine.
 
fishonjazz said:
trump basically responds with: Those experts are idiots. I know more about everything than anyone. No details of how these plans of his wont increase inflation or explode the deficit. No specifics. Just, I smart. Everyone else dumb.
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Quick interviews with a plan to cover a wide range of topics aren't a format that allows a deep dive into details. Even if Trump could give a detailed explanation on how those policies would work, and I don't think he could, that doesn't mean the details aren't available. The reason making tips free from taxes won't explode the deficit is because those paying tips contribute almost nothing to the federal budget. The bottom 50% of income earners make up only 2.3% of tax revenues. Generally speaking, those paying tips and those making overtime aren't the top 1%. They are the working men and women. A tax cut to overtime and tips would make a big difference to those in the bottom 50% of income earners while having almost no impact at all on the amount of tax revenue coming in to the federal coffers.

As for tariffs, use Trump's first term as an example of how they'd work. Most of the time they never become reality. He only uses them as a threat to get better terms in a deal. In the instances where he does impose them, everyone sees the wisdom in it as exemplified by his tariffs on Chinese electric cars which the Biden administration kept in place.
 
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