Politics Thread

[Xville]

Nothing trump has said or done has anything to do with balancing the budget or paying down debt. Yeah lower rates will help, but when you enact tariffs inciting inflation, nothing happens in a positive way.

[Strange Brew]

Nothing trump has said or done has anything to do with balancing the budget or paying down debt. Yeah lower rates will help, but when you enact tariffs inciting inflation, nothing happens in a positive way.

No, that’s not what causes inflation. Prices going up because of tariffs and inflation are two different things.

[Xville]

No, that’s not what causes inflation. Prices going up because of tariffs and inflation are two different things.

you're inciting more inflation through tariffs. That's elementary economics

[xubrew]

As i stated Not sure what the gameplan should be and not happy the stock market is tanking but find it odd that we are ok with all these massive tariffs against us

I think you know the answer. ;)

Tariffs are not good. However sometimes you must fight fire with fire.

I’m getting too old for this stuff. ;)

I'm of the mindset that this may play out for the better in the long term. If the tactic is "we'll cut the tariffs back if you cut the tariffs on us back," then that hardly strikes me as being a batshit crazy tactic. I don't like Trump, but I see the thought process behind what I think he is trying to do, and it makes some sense to me. Is it okay to think that way??

[Strange Brew]

you're inciting more inflation through tariffs. That's elementary economics

How does one “incite” inflation?

Nope, that’s not how monetary policy works.

[Strange Brew]

I'm of the mindset that this may play out for the better in the long term. If the tactic is "we'll cut the tariffs back if you cut the tariffs on us back," then that hardly strikes me as being a batshit crazy tactic. I don't like Trump, but I see the thought process behind what I think he is trying to do, and it makes some sense to me. Is it okay to think that way??

Now you’re getting it.

[Xville]

How does one “incite” inflation?

Nope, that’s not how monetary policy works.

I guess being obtuse is your new thing. Economists can connect the dots. You are unwilling or ignorant to do so

[paulxu]

Since Trump signed the trade agreement with Mexico and Canada, and 98% of what we ship to Canada gets no tariffs from our northern neighbor, I'm inclined to go with the reading of the Economist:

If you failed to spot America being “looted, pillaged, raped and plundered by nations near and far” or it being cruelly denied a “turn to prosper”, then congratulations: you have a firmer grip on reality than the president of the United States. It’s hard to know which is more unsettling: that the leader of the free world could spout complete drivel about its most successful and admired economy. Or the fact that on April 2nd, spurred on by his delusions, Donald Trump announced the biggest break in America’s trade policy in over a century—and committed the most profound, harmful and unnecessary economic error in the modern era.

[Xville]

I'm of the mindset that this may play out for the better in the long term. If the tactic is "we'll cut the tariffs back if you cut the tariffs on us back," then that hardly strikes me as being a batshit crazy tactic. I don't like Trump, but I see the thought process behind what I think he is trying to do, and it makes some sense to me. Is it okay to think that way??

yeah i understand the thought process. The problem is that there is no way to know what will happen, and I'm not so sure its rooted in any reality except that Trump says so. The guy rarely tells the truth. It's fine for Trump to act this way in his own businesses and go bankrupt, it's quite another to play that game with every individual in this country.

[Strange Brew]

I guess being obtuse is your new thing. Economists can connect the dots. You are unwilling or ignorant to do so

No, actually studying, reading about and living it formed my opinion.

And you’re dead wrong. The “Economist” you see in the news are about as credible as the 50 something “Intel officers”.