General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsFox Business analyst (regarding Trump's tariffs):

Via: https://bsky.app/profile/ronfilipkowski.bsky.social/post/3loxx3zad322t

democratsruletheday
(1,298 posts)a 6th grader knows what he posted....but at least he admits it, unlike other sleazy excuse makers that surround tOrange POS
IronLionZion
(48,761 posts)dutch777
(4,417 posts)Whatever the smoke and mirrors BS the House is trying to make into a budget bill, there is no way they can stomach the kind of program cuts necessary to balance with what they want to give away to corporations and the rich in ongoing or new tax cuts. Too many GOP reps in districts that can flip to Blue on them if they aren't bringing home some bacon to the average voter. Dems would be smart to call all this out loud and clear and come up with a comprehensive counter proposal that maintains key programs like Medicaid, gives modest tax cuts to middle class and the working poor while taking the cap off SS taxes and increase taxes on rich and corporations while ending all the loop holes for things like hedge funds, capital gains and so on. Have to swing the dialog to us and a better plan and NOW. Cannot wait until the 2028 Dem convention and rewriting the party platform. NOIW, and focus on giving ammunition to our candidate for the 2026 mid terms.
Prairie Gates
(5,021 posts)Trump always has to walk the fine line between his capitalist clients and his populist electoral base. The capitalists will correct him when he strays too far towards the base, which has fundamental working class / proletarian goals when it comes to economics (for their own racial sub-class, of course).
dutch777
(4,417 posts)...he is doing nothing for inflation in general and China can continue shifting business away from US exports like ag products to other sources and manipulate its currency exchange value relative to the dollar so that all the costs are to US consumers and revenue neutral to Chinese interests. The base, as has been and always will be the plan, is being played if they think this is a win for them.
Prairie Gates
(5,021 posts)government and procurement capture for the capitalists. The various programs for the base are all either illusory or profoundly mistaken in their analysis. The nonsense about bringing manufacturing back to the US is a great example: it is an argument for the base (the capitalists are perfectly fine and even prefer global trade and wage structures), but makes no sense in practice, relying mainly on a deluded nostalgia for the postwar period in which labor had relatively more power to force concessions from the capitalists. People didn't actually want or like manufacturing jobs: they put up with them for relatively stable employment and higher wages. "Bringing back manufacturing" (without unions or safety regulations) is not a real policy, but an incoherent rhetorical gambit for the working class base. As policy, it wouldn't even work if they did manage to effect it, which they surely won't, as it is economically infeasible, even at 1000% tariffs. When Trump goes too far with it, the capitalists and their spokespeople (like Gasparino) jump in and correct him.
WSHazel
(388 posts)The tariff cave was most definitely a cave, but it was also a message to investors and the American business community that Trump holds life and death power over every company in America. They are all one tweet away from annihilation, or salvation.
And corruption is never far away. There are almost certainly insiders profiting off these announcements.
Raven123
(6,644 posts)Gee, what happens at 4 pm on weekdays?
littlemissmartypants
(27,592 posts)Naps that last longer than 90 days.
patphil
(7,788 posts)patphil
(7,788 posts)Any "small potatoes" tax cut Trump gives to the lower and middle classes will be cancelled out by this tariff.
So, the rich get the big tax cuts, and we get essentially zero.
I guess it's a win for someone, but not for us.
What it really does is free up massive amounts of money that the rich can "invest" in politicians. As Mark Twain said, "We have the best government that money can buy". This is why Republicans in Congress aren't taking action to stop Trump. They expect to get their share in the big payoff.
Warpy
(113,352 posts)Did we hear a peep out of this guy before the bond market blew up and oil prices cratered? I don't recall anything like that.
Real economists had been sounding the alarm bells for 2 years before stupid people voted this gang of idiots back into power Even they had no idea how bad this was going to get, or how quickly it would do so.
Ford_Prefect
(8,367 posts)Not worth lining a parakeet cage with.
spanone
(138,966 posts)IronLionZion
(48,761 posts)

