Trump Tariff will Kill the Economy

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  • Mako
    Senior Tech

    500+ Posts
    • Jan 2025
    • 795

    #616
    Originally posted by Copier Addict

    Are you okay?
    Are you have an allergic reaction to facts again? Better go get your epipen
    How do you explain the CNN headline I posted? How do you square that headline with the topic of this thread?

    Comment

    • Copier Addict
      Aging Tech

      Site Contributor
      10,000+ Posts
      • Jul 2013
      • 14729

      #617
      Originally posted by Mako

      How do you explain the CNN headline I posted? How do you square that headline with the topic of this thread?
      Once again you got fooled into believing a meme is news. It's not my fault, I don't have to square anything. You have to use more critical thinking when you are doing your "research"

      Comment

      • Mako
        Senior Tech

        500+ Posts
        • Jan 2025
        • 795

        #618
        Originally posted by Copier Addict

        Once again you got fooled into believing a meme is news. It's not my fault, I don't have to square anything. You have to use more critical thinking when you are doing your "research"
        That's not a meme. That was today's headline front and center on the CNN webpage. Now try again.

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        • Copier Addict
          Aging Tech

          Site Contributor
          10,000+ Posts
          • Jul 2013
          • 14729

          #619
          Originally posted by Mako

          That's not a meme. That was today's headline front and center on the CNN webpage. Now try again.
          I don't know what to tell you. Everywhere I look says the inflation rate increased in the US. You've said yourself that CNN is untrustworthy.

          Comment

          • Mako
            Senior Tech

            500+ Posts
            • Jan 2025
            • 795

            #620
            But you guys trust CNN explicitly.

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            • Copier Addict
              Aging Tech

              Site Contributor
              10,000+ Posts
              • Jul 2013
              • 14729

              #621
              Originally posted by Mako
              But you guys trust CNN explicitly.
              It really sounds like you trust CNN. You are the one fighting for it.

              Comment

              • Mako
                Senior Tech

                500+ Posts
                • Jan 2025
                • 795

                #622
                123
                image.png

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                • Copier Addict
                  Aging Tech

                  Site Contributor
                  10,000+ Posts
                  • Jul 2013
                  • 14729

                  #623
                  Originally posted by Mako
                  Oh my, another meme posted as news. What a shock! Lol

                  Did you get this one from your new trusted source? CNN

                  Comment

                  • Mako
                    Senior Tech

                    500+ Posts
                    • Jan 2025
                    • 795

                    #624
                    Is the economy dead yet? Asking for a friend. Economy seems to be booming around here and my investments are soaring.

                    image.png

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                    • bsm2
                      IT Manager

                      25,000+ Posts
                      • Feb 2008
                      • 30222

                      #625
                      Tariffs Are Already Killing New Cars Under $30,000: Study

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                      • bsm2
                        IT Manager

                        25,000+ Posts
                        • Feb 2008
                        • 30222

                        #626
                        Originally posted by Mako
                        Is the economy dead yet? Asking for a friend. Economy seems to be booming around here and my investments are soaring.

                        image.png
                        Biden Boom was better that's a fact

                        Dollar in the toilet
                        GSP down
                        Layoffs up
                        Major retail all sales down

                        It's great as everyone hates America now

                        Comment

                        • bsm2
                          IT Manager

                          25,000+ Posts
                          • Feb 2008
                          • 30222

                          #627
                          A “booming economy” where people still can’t afford groceries, rent, or medicine isn’t booming for anyone but the top 1%.

                          Comment

                          • Copier Addict
                            Aging Tech

                            Site Contributor
                            10,000+ Posts
                            • Jul 2013
                            • 14729

                            #628
                            Originally posted by bsm2
                            A “booming economy” where people still can’t afford groceries, rent, or medicine isn’t booming for anyone but the top 1%.
                            Well, that's good news. Because republicans only care about the top one percent. Even republican voters care more about the financial stability of billionaires over themselves. There's proof of that all over this forum from our own resident magatrons. Who have likely gone to another forum where they will experience no pushback on their radical claims

                            Comment

                            • slimslob
                              Retired

                              Site Contributor
                              25,000+ Posts
                              • May 2013
                              • 37494

                              #629
                              In the first six months of President Donald Trump’s second term, one major theme has defined Trump’s economic record thus far: success that surprises the people who are paid to predict it.It hasn’t been surprising for the president, who is carrying out his promise to revamp American manufacturing and boost American jobs, mainly by imposing unprecedented tariffs on nearly every country in the world. And it comes as economists who predicted large-scale inflation and market downturn over Trump’s bold economic agenda keep seeing economic metrics come across their desks showing the opposite.Earlier this year, Americans were told to brace their wallets for rising inflation and prepare for a recession caused by Trump’s major tariffs, especially those levied on America’s biggest trading partners, China, Canada, and Mexico. In May, Goldman Sachs analysts said core goods inflation could hit 6.3% by the end of the year while consumer prices would spike 3.7% by early 2026, according to CNN.The latest numbers on the U.S. economy fly in the face of the naysayers, branded by Trump as “panicans.” Late last week, the U.S. Census Bureau reported that June retail sales were up 0.6% from May and up 3.5% from last year. Food service and drinks sales jumped 6.6% from June 2024. Those numbers were, of course, better than what economists had predicted — a phrase that has become a monthly tradition since Trump stepped back into the White HouseAccording to University of Michigan surveys, American consumers expected prices to rise 6.6% this year. But so far, there’s been no sign of inflation jumping through the roof, and even CNN had to admit last month, “Love tariffs or hate them, there’s no denying inflation is lower now than when Trump took office.”The numbers don’t lie: inflation under Trump has defied economists’ predictions in nearly every month the president has been in office. In April, year-over-year inflation came in at 2.3%, its lowest annual rate in more than four years. The Consumer Price Index rose to just 2.4% in May compared to last year, which again was lower than what the “experts” predicted. Meanwhile, the Producer Price Index, which measures the average change over time in selling prices received by domestic producers, had its biggest drop in five years in April, falling 0.5%.As inflation numbers continue to look good for the Trump administration, U.S. job growth also beat expectations in May and June while unemployment ticks down.“During his first six months in office, President Trump has repeatedly embarrassed the panicans who predicted doom and gloom, from inflation to recession. Under President Trump, Americans have seen an end to Joe Biden’s inflation crisis, multiple expectation-beating jobs reports, record tariff revenue collection, bond and stock market rallies, and historic investment commitments worth trillions that will cement America’s dominance in cutting-edge sectors,” White House Spokesman Kush Desai told The Daily Wire.Still, many economists continue to warn of a coming inflation crisis due to Trump’s aggressive tariff policy. It’s only a matter of time before tariffs cause the inevitable chaos in America’s economy, they say. That fear, however, isn’t reflected in the stock market, which recently soared to record highs, or in the minds of consumers and business owners who remain optimistic about the economy.Even with the latest CPI report showing a slight increase in inflation, prices remain steady or even down over Trump’s second term. And with Trump’s tariffs going into effect, the United States is raking in billions of dollars in revenue. The country has brought in over $100 billion in tariff revenue since Trump took office in January, with tariff collections for the 2025 fiscal year jumping 65% from the previous year, Axios reported in late June.Numerous foreign and American companies have also pledged to invest billions of dollars in the United States over the next few years, either to avoid Trump’s tariffs or to invest in the American energy and manufacturing boom that is quickly taking shape. Just last week, Trump met with executives from Google’s parent company Alphabet, along with officials from Meta, Microsoft, Exxon Mobil, and other companies, who pledged $90 billion worth of AI and energy investments in Pennsylvania.For the “experts,” the rapid pace of the administration’s economic agenda has been shocking. For Trump, this was all a part of his plan.“The best is yet to come – as the pro-growth policies of The One Big Beautiful Bill and new trade deals kick in, America’s economic resurgence under President Trump will only accelerate,” Desai added.

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