---President Elect Musk and Convicted Felon Donald J Trump---

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Comments

  • Halifax2TheMax
    Halifax2TheMax Posts: 42,436
    2023
    mickeyrat said:
    The Juggler said:
    At least he'd get interest rates down this way...

    https://www.telegraph.co.uk/business/2024/12/09/donald-trump-policies-tip-us-into-recession/


    America’s economy ‘risks massive Trump slump’

    US GDP could contract by as much as two to three percentage points, according to NIESR

    Trump’s policies threaten to reverse his promises to boost the economy and tackle high living costs Credit: Brian Snyder/Reuters

    Donald Trump risks tipping the US into recession if he follows through with the promises made on the campaign trail, a top economist has warned.

    Paul Mortimer-Lee of the National Institute of Economic and Social Research (NIESR) said the “ill-considered, rushed and damaging” combination of tariffs, the mass expulsion of illegal immigrants, tax cuts and spending efficiencies was “likely to tip the US economy into recession.”

    Mr Mortimer-Lee said: “In a worst-case scenario, where immigrant expulsions are massive, tariff increases hit straight away and retaliation is swift and effective, GDP could contract by two to three percentage points.”

    Advertisement

    Such an outcome would mark a massive slump when compared to the strong growth enjoyed by the US this year. NIESR estimates America’s economy will expand by 2.8pc in 2024.

    It would also represent a significant challenge to Mr Trump who ran much of his campaign on a promise to boost the economy and tackle the cost of living crisis that many citizens blamed on President Joe Biden.

    A recession in the world’s largest economy would send shockwaves across the globe, with China, Mexico, Canada and Germany all likely to struggle given their deep economic links to the US.

    Mr Trump campaigned on a promise to impose steep tariffs on imports, including of up to 60pc on China, to tighten the US’s borders and cut taxes while slashing government spending. He has stepped up his rhetoric around tariffs since his election victory last month and appointed Elon Musk to the newly created Department of Government Efficiency. The billionaire has said he hopes to cut $2 trillion of spending.

    Mr Mortimer-Lee said Mr Trump’s immigration policies would be the most damaging, given the important role this group plays in the US economy.

    He said: “Expelling five million workers could reduce GDP by close to 2.5pc. Since expulsions would continue for years, the reduced rate of growth in GDP would be persistent – not a one-off shock like tariffs.”

    Advertisement

    Shortages of workers, particularly in migrant-heavy industries such as agriculture, retail and construction, are likely to send wages spiralling and stoke inflation. Mr Mortimer-Lee also warned that tariffs would also stoke inflation.

    The Federal Reserve would usually be expected to raise interest rates to try to rein in price rises but there is a risk that the future president could successfully pressure officials into keeping borrowing costs low.

    “How large the eventual inflation effect and how long it lasts will depend on whether Mr Trump succeeds in bending the Federal Reserve to his will, which would mean a softer monetary policy stance,” Mr Mortimer-Lee said. “Contrary to the consensus, I take the view that he will be successful, so that the initial shocks to prices from his other policies will feed through to second and third-round effects.

    “As a result, inflation could rise to 7pc or 8pc by 2027, especially if an economic downturn were met by an outsized money-financed fiscal deficit, which is a very real prospect.”

    Mr Trump has suggested he wants the president to have a greater role in setting interest rates and there has been speculation that he could seek to sack Federal Reserve chairman Jerome Powell.

    However, the president-elect on Sunday said he did not plan to sack Mr Powell, telling NBC’s Meet the Press: “I don’t see it.” 

    Mr Mortimer-Lee said foreign investors would be reluctant to lend to the US if the Fed’s independence were undermined, resulting in higher borrowing costs for the government.

    “The possible outcomes include a funding crisis, pro-cyclical fiscal tightening, fiscal dominance of the Fed, and a dollar crisis,” he said.



    could argue his supporters voted him in to run the country like his businesses...

    say a casino?
    Or a “university?”
    09/15/1998 & 09/16/1998, Mansfield, MA; 08/29/00 08/30/00, Mansfield, MA; 07/02/03, 07/03/03, Mansfield, MA; 09/28/04, 09/29/04, Boston, MA; 09/22/05, Halifax, NS; 05/24/06, 05/25/06, Boston, MA; 07/22/06, 07/23/06, Gorge, WA; 06/27/2008, Hartford; 06/28/08, 06/30/08, Mansfield; 08/18/2009, O2, London, UK; 10/30/09, 10/31/09, Philadelphia, PA; 05/15/10, Hartford, CT; 05/17/10, Boston, MA; 05/20/10, 05/21/10, NY, NY; 06/22/10, Dublin, IRE; 06/23/10, Northern Ireland; 09/03/11, 09/04/11, Alpine Valley, WI; 09/11/11, 09/12/11, Toronto, Ont; 09/14/11, Ottawa, Ont; 09/15/11, Hamilton, Ont; 07/02/2012, Prague, Czech Republic; 07/04/2012 & 07/05/2012, Berlin, Germany; 07/07/2012, Stockholm, Sweden; 09/30/2012, Missoula, MT; 07/16/2013, London, Ont; 07/19/2013, Chicago, IL; 10/15/2013 & 10/16/2013, Worcester, MA; 10/21/2013 & 10/22/2013, Philadelphia, PA; 10/25/2013, Hartford, CT; 11/29/2013, Portland, OR; 11/30/2013, Spokane, WA; 12/04/2013, Vancouver, BC; 12/06/2013, Seattle, WA; 10/03/2014, St. Louis. MO; 10/22/2014, Denver, CO; 10/26/2015, New York, NY; 04/23/2016, New Orleans, LA; 04/28/2016 & 04/29/2016, Philadelphia, PA; 05/01/2016 & 05/02/2016, New York, NY; 05/08/2016, Ottawa, Ont.; 05/10/2016 & 05/12/2016, Toronto, Ont.; 08/05/2016 & 08/07/2016, Boston, MA; 08/20/2016 & 08/22/2016, Chicago, IL; 07/01/2018, Prague, Czech Republic; 07/03/2018, Krakow, Poland; 07/05/2018, Berlin, Germany; 09/02/2018 & 09/04/2018, Boston, MA; 09/08/2022, Toronto, Ont; 09/11/2022, New York, NY; 09/14/2022, Camden, NJ; 09/02/2023, St. Paul, MN; 05/04/2024 & 05/06/2024, Vancouver, BC; 05/10/2024, Portland, OR;

    Libtardaplorable©. And proud of it.

    Brilliantati©
  • mickeyrat
    mickeyrat Posts: 44,608
    Halifax2TheMax said:
    mickeyrat said:
    The Juggler said:
    At least he'd get interest rates down this way...

    https://www.telegraph.co.uk/business/2024/12/09/donald-trump-policies-tip-us-into-recession/


    America’s economy ‘risks massive Trump slump’

    US GDP could contract by as much as two to three percentage points, according to NIESR

    Trump’s policies threaten to reverse his promises to boost the economy and tackle high living costs Credit: Brian Snyder/Reuters

    Donald Trump risks tipping the US into recession if he follows through with the promises made on the campaign trail, a top economist has warned.

    Paul Mortimer-Lee of the National Institute of Economic and Social Research (NIESR) said the “ill-considered, rushed and damaging” combination of tariffs, the mass expulsion of illegal immigrants, tax cuts and spending efficiencies was “likely to tip the US economy into recession.”

    Mr Mortimer-Lee said: “In a worst-case scenario, where immigrant expulsions are massive, tariff increases hit straight away and retaliation is swift and effective, GDP could contract by two to three percentage points.”

    Advertisement

    Such an outcome would mark a massive slump when compared to the strong growth enjoyed by the US this year. NIESR estimates America’s economy will expand by 2.8pc in 2024.

    It would also represent a significant challenge to Mr Trump who ran much of his campaign on a promise to boost the economy and tackle the cost of living crisis that many citizens blamed on President Joe Biden.

    A recession in the world’s largest economy would send shockwaves across the globe, with China, Mexico, Canada and Germany all likely to struggle given their deep economic links to the US.

    Mr Trump campaigned on a promise to impose steep tariffs on imports, including of up to 60pc on China, to tighten the US’s borders and cut taxes while slashing government spending. He has stepped up his rhetoric around tariffs since his election victory last month and appointed Elon Musk to the newly created Department of Government Efficiency. The billionaire has said he hopes to cut $2 trillion of spending.

    Mr Mortimer-Lee said Mr Trump’s immigration policies would be the most damaging, given the important role this group plays in the US economy.

    He said: “Expelling five million workers could reduce GDP by close to 2.5pc. Since expulsions would continue for years, the reduced rate of growth in GDP would be persistent – not a one-off shock like tariffs.”

    Advertisement

    Shortages of workers, particularly in migrant-heavy industries such as agriculture, retail and construction, are likely to send wages spiralling and stoke inflation. Mr Mortimer-Lee also warned that tariffs would also stoke inflation.

    The Federal Reserve would usually be expected to raise interest rates to try to rein in price rises but there is a risk that the future president could successfully pressure officials into keeping borrowing costs low.

    “How large the eventual inflation effect and how long it lasts will depend on whether Mr Trump succeeds in bending the Federal Reserve to his will, which would mean a softer monetary policy stance,” Mr Mortimer-Lee said. “Contrary to the consensus, I take the view that he will be successful, so that the initial shocks to prices from his other policies will feed through to second and third-round effects.

    “As a result, inflation could rise to 7pc or 8pc by 2027, especially if an economic downturn were met by an outsized money-financed fiscal deficit, which is a very real prospect.”

    Mr Trump has suggested he wants the president to have a greater role in setting interest rates and there has been speculation that he could seek to sack Federal Reserve chairman Jerome Powell.

    However, the president-elect on Sunday said he did not plan to sack Mr Powell, telling NBC’s Meet the Press: “I don’t see it.” 

    Mr Mortimer-Lee said foreign investors would be reluctant to lend to the US if the Fed’s independence were undermined, resulting in higher borrowing costs for the government.

    “The possible outcomes include a funding crisis, pro-cyclical fiscal tightening, fiscal dominance of the Fed, and a dollar crisis,” he said.



    could argue his supporters voted him in to run the country like his businesses...

    say a casino?
    Or a “university?”

    or a "Charity" ?
    _____________________________________SIGNATURE________________________________________________

    Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
    you're finally here and I'm a mess................................................... nationwide arena columbus '10
    memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
    another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
  • Gern Blansten
    Gern Blansten Mar-A-Lago Posts: 22,298
    2023
    I saw trump's insult to Trudeau last night....what a fucking douche. I wonder if JT regrets visiting that piece of shit at maralago
    Remember the Thomas Nine !! (10/02/2018)
    The Golden Age is 2 months away. And guess what….. you’re gonna love it! (teskeinc 11.19.24)

    1998: Noblesville; 2003: Noblesville; 2009: EV Nashville, Chicago, Chicago
    2010: St Louis, Columbus, Noblesville; 2011: EV Chicago, East Troy, East Troy
    2013: London ON, Wrigley; 2014: Cincy, St Louis, Moline (NO CODE)
    2016: Lexington, Wrigley #1; 2018: Wrigley, Wrigley, Boston, Boston
    2020: Oakland, Oakland:  2021: EV Ohana, Ohana, Ohana, Ohana
    2022: Oakland, Oakland, Nashville, Louisville; 2023: Chicago, Chicago, Noblesville
    2024: Noblesville, Wrigley, Wrigley, Ohana, Ohana; 2025: Pitt1, Pitt2
  • DarthMaeglin
    DarthMaeglin Toronto Posts: 3,025
    Gern Blansten said:
    I saw trump's insult to Trudeau last night....what a fucking douche. I wonder if JT regrets visiting that piece of shit at maralago
    Humour is dead, clearly. It’s a bad joke, nothing more, nothing less.

    Alternately, should Canadians feel secure with a man who has said he doesn’t trouble himself thinking about monetary policy trying to negotiate with Trump?
    "The world is full of idiots and I am but one of them."

    10-30-1991 Toronto, Toronto 1 & 2 2016, Toronto 2022
  • Lerxst1992
    Lerxst1992 Posts: 7,978
    Gern Blansten said:
    hunterh75 said:
    Gern Blansten said:
    hunterh75 said:
    Gern Blansten said:


    More lies exposed on the fuckface in chief. I noticed that Macron was just slightly shorter than trump when they were together and he's 5'10". 

    It seems like trump has abandoned his lifts that made him lean forward. What a fucking fake.
    Name-calling removed by Admin. Review the Posting Guidelines stickied on Porch to preserve posting privileges.-Admin

    Yeah and the things that you DON'T get tore up about...like rape, fraud, orange, fat, stupid, etc.
    Orange, fat and stupid, lol. Are we back in grade school on the playground?  Carry on.........
    again...you voted for a guy that belittles everyone. Childish name calling, repeating false shit over and over....give your outrage a rest and man up

    Wait...what?
  • HughFreakingDillon
    HughFreakingDillon Winnipeg Posts: 39,596
    2024
    DarthMaeglin said:
    Gern Blansten said:
    I saw trump's insult to Trudeau last night....what a fucking douche. I wonder if JT regrets visiting that piece of shit at maralago
    Humour is dead, clearly. It’s a bad joke, nothing more, nothing less.

    Alternately, should Canadians feel secure with a man who has said he doesn’t trouble himself thinking about monetary policy trying to negotiate with Trump?
    Humour is not dead, but respect and dignity of official heads of state is. You just don't make a "joke" like that. It's demeaning. 
    By The Time They Figure Out What Went Wrong, We'll Be Sitting On A Beach, Earning Twenty Percent.




  • Gern Blansten
    Gern Blansten Mar-A-Lago Posts: 22,298
    2023
    HughFreakingDillon said:
    DarthMaeglin said:
    Gern Blansten said:
    I saw trump's insult to Trudeau last night....what a fucking douche. I wonder if JT regrets visiting that piece of shit at maralago
    Humour is dead, clearly. It’s a bad joke, nothing more, nothing less.

    Alternately, should Canadians feel secure with a man who has said he doesn’t trouble himself thinking about monetary policy trying to negotiate with Trump?
    Humour is not dead, but respect and dignity of official heads of state is. You just don't make a "joke" like that. It's demeaning. 
    He can't control himself...no surprise there. But yeah, horrible optics and it just solidifies how stupid this country has become when our elected leaders can't show one of our biggest allies a minimum amount of respect.
    Remember the Thomas Nine !! (10/02/2018)
    The Golden Age is 2 months away. And guess what….. you’re gonna love it! (teskeinc 11.19.24)

    1998: Noblesville; 2003: Noblesville; 2009: EV Nashville, Chicago, Chicago
    2010: St Louis, Columbus, Noblesville; 2011: EV Chicago, East Troy, East Troy
    2013: London ON, Wrigley; 2014: Cincy, St Louis, Moline (NO CODE)
    2016: Lexington, Wrigley #1; 2018: Wrigley, Wrigley, Boston, Boston
    2020: Oakland, Oakland:  2021: EV Ohana, Ohana, Ohana, Ohana
    2022: Oakland, Oakland, Nashville, Louisville; 2023: Chicago, Chicago, Noblesville
    2024: Noblesville, Wrigley, Wrigley, Ohana, Ohana; 2025: Pitt1, Pitt2
  • DarthMaeglin
    DarthMaeglin Toronto Posts: 3,025
    Gern Blansten said:
    HughFreakingDillon said:
    DarthMaeglin said:
    Gern Blansten said:
    I saw trump's insult to Trudeau last night....what a fucking douche. I wonder if JT regrets visiting that piece of shit at maralago
    Humour is dead, clearly. It’s a bad joke, nothing more, nothing less.

    Alternately, should Canadians feel secure with a man who has said he doesn’t trouble himself thinking about monetary policy trying to negotiate with Trump?
    Humour is not dead, but respect and dignity of official heads of state is. You just don't make a "joke" like that. It's demeaning. 
    He can't control himself...no surprise there. But yeah, horrible optics and it just solidifies how stupid this country has become when our elected leaders can't show one of our biggest allies a minimum amount of respect.
    Don’t forget Trudeau just spent the last four years bashing Trump and doing everything he could to insinuate a link between maga and the Conservative Party of Canada.

    In my opinion Trudeau has been as undiplomatic as Trump.

    It’s also funny how the US conquering Canada is being portrayed as if the US military hasn’t had a playbook for doing just that for decades (along with plans to conquer pretty much every nation on the planet). Someday Canadians will wake up one morning and be informed that we’re now under the authority of the USA, though not likely in our lifetimes.
    "The world is full of idiots and I am but one of them."

    10-30-1991 Toronto, Toronto 1 & 2 2016, Toronto 2022
  • Gern Blansten
    Gern Blansten Mar-A-Lago Posts: 22,298
    2023
    I guess it could be revenge for JT being on video at that summit telling others how stupid trump is....lol
    Remember the Thomas Nine !! (10/02/2018)
    The Golden Age is 2 months away. And guess what….. you’re gonna love it! (teskeinc 11.19.24)

    1998: Noblesville; 2003: Noblesville; 2009: EV Nashville, Chicago, Chicago
    2010: St Louis, Columbus, Noblesville; 2011: EV Chicago, East Troy, East Troy
    2013: London ON, Wrigley; 2014: Cincy, St Louis, Moline (NO CODE)
    2016: Lexington, Wrigley #1; 2018: Wrigley, Wrigley, Boston, Boston
    2020: Oakland, Oakland:  2021: EV Ohana, Ohana, Ohana, Ohana
    2022: Oakland, Oakland, Nashville, Louisville; 2023: Chicago, Chicago, Noblesville
    2024: Noblesville, Wrigley, Wrigley, Ohana, Ohana; 2025: Pitt1, Pitt2
  • DarthMaeglin
    DarthMaeglin Toronto Posts: 3,025
    Gern Blansten said:
    I guess it could be revenge for JT being on video at that summit telling others how stupid trump is....lol
    Precisely, pot meet kettle.
    "The world is full of idiots and I am but one of them."

    10-30-1991 Toronto, Toronto 1 & 2 2016, Toronto 2022
  • HughFreakingDillon
    HughFreakingDillon Winnipeg Posts: 39,596
    2024
    DarthMaeglin said:
    Gern Blansten said:
    I guess it could be revenge for JT being on video at that summit telling others how stupid trump is....lol
    Precisely, pot meet kettle.
    saying it to others in a private conversation caught on a hot mic is not the same as saying it in an interview. come on
    By The Time They Figure Out What Went Wrong, We'll Be Sitting On A Beach, Earning Twenty Percent.




  • Gern Blansten
    Gern Blansten Mar-A-Lago Posts: 22,298
    2023
    HughFreakingDillon said:
    DarthMaeglin said:
    Gern Blansten said:
    I guess it could be revenge for JT being on video at that summit telling others how stupid trump is....lol
    Precisely, pot meet kettle.
    saying it to others in a private conversation caught on a hot mic is not the same as saying it in an interview. come on
    yeah and who the fuck doesn't make fun of trump? he's a fucking idiot
    Remember the Thomas Nine !! (10/02/2018)
    The Golden Age is 2 months away. And guess what….. you’re gonna love it! (teskeinc 11.19.24)

    1998: Noblesville; 2003: Noblesville; 2009: EV Nashville, Chicago, Chicago
    2010: St Louis, Columbus, Noblesville; 2011: EV Chicago, East Troy, East Troy
    2013: London ON, Wrigley; 2014: Cincy, St Louis, Moline (NO CODE)
    2016: Lexington, Wrigley #1; 2018: Wrigley, Wrigley, Boston, Boston
    2020: Oakland, Oakland:  2021: EV Ohana, Ohana, Ohana, Ohana
    2022: Oakland, Oakland, Nashville, Louisville; 2023: Chicago, Chicago, Noblesville
    2024: Noblesville, Wrigley, Wrigley, Ohana, Ohana; 2025: Pitt1, Pitt2
  • DarthMaeglin
    DarthMaeglin Toronto Posts: 3,025
    HughFreakingDillon said:
    DarthMaeglin said:
    Gern Blansten said:
    I guess it could be revenge for JT being on video at that summit telling others how stupid trump is....lol
    Precisely, pot meet kettle.
    saying it to others in a private conversation caught on a hot mic is not the same as saying it in an interview. come on
    And the linking of the CPC to maga/Trump? Those haven’t been “hot mic” comments.
    "The world is full of idiots and I am but one of them."

    10-30-1991 Toronto, Toronto 1 & 2 2016, Toronto 2022
  • DarthMaeglin
    DarthMaeglin Toronto Posts: 3,025
    It is funny how Trudeau’s not pushing that link as loudly since the US election.
    "The world is full of idiots and I am but one of them."

    10-30-1991 Toronto, Toronto 1 & 2 2016, Toronto 2022
  • josevolution
    josevolution Posts: 31,705
    2025
    Trumpollini is pissed that Trudeau’s has Melania’s eyes 
    jesus greets me looks just like me ....
  • HughFreakingDillon
    HughFreakingDillon Winnipeg Posts: 39,596
    2024
    DarthMaeglin said:
    HughFreakingDillon said:
    DarthMaeglin said:
    Gern Blansten said:
    I guess it could be revenge for JT being on video at that summit telling others how stupid trump is....lol
    Precisely, pot meet kettle.
    saying it to others in a private conversation caught on a hot mic is not the same as saying it in an interview. come on
    And the linking of the CPC to maga/Trump? Those haven’t been “hot mic” comments.
    cuz they have borrowed a lot of their political tactics. 
    By The Time They Figure Out What Went Wrong, We'll Be Sitting On A Beach, Earning Twenty Percent.




  • DarthMaeglin
    DarthMaeglin Toronto Posts: 3,025
    HughFreakingDillon said:
    DarthMaeglin said:
    HughFreakingDillon said:
    DarthMaeglin said:
    Gern Blansten said:
    I guess it could be revenge for JT being on video at that summit telling others how stupid trump is....lol
    Precisely, pot meet kettle.
    saying it to others in a private conversation caught on a hot mic is not the same as saying it in an interview. come on
    And the linking of the CPC to maga/Trump? Those haven’t been “hot mic” comments.
    cuz they have borrowed a lot of their political tactics. 
    So Trudeau gets a pass for shitting on Trump and maga, but Trump is held to a different standard, got it.

    How many pictures exist of Trump wearing blackface at any time of his life? Would you excuse it for Trump as you did for Trudeau?

    There are far more similarities between Trump and Trudeau but it won’t be seriously considered by any here (at least that’s been my experience).

    Both born with a silver spoon, coddled and shielded from the consequences of their actions, both growing into extreme narcissists who believe they know all the answers. Both seem to admire authoritarian figures or regimes.
    "The world is full of idiots and I am but one of them."

    10-30-1991 Toronto, Toronto 1 & 2 2016, Toronto 2022
  • HughFreakingDillon
    HughFreakingDillon Winnipeg Posts: 39,596
    2024
    good lord. around and around we go. I'm not going to waste my time going over this same old song and dance again. it's been discussed ad nauseum. 
    By The Time They Figure Out What Went Wrong, We'll Be Sitting On A Beach, Earning Twenty Percent.




  • DarthMaeglin
    DarthMaeglin Toronto Posts: 3,025
    HughFreakingDillon said:
    DarthMaeglin said:
    HughFreakingDillon said:
    DarthMaeglin said:
    Gern Blansten said:
    I guess it could be revenge for JT being on video at that summit telling others how stupid trump is....lol
    Precisely, pot meet kettle.
    saying it to others in a private conversation caught on a hot mic is not the same as saying it in an interview. come on
    And the linking of the CPC to maga/Trump? Those haven’t been “hot mic” comments.
    cuz they have borrowed a lot of their political tactics. 
    Could you please prove your claim?

    Remember too, “The story in the Globe and Mail is false.” Turned out it was true.
    "The world is full of idiots and I am but one of them."

    10-30-1991 Toronto, Toronto 1 & 2 2016, Toronto 2022
  • DarthMaeglin
    DarthMaeglin Toronto Posts: 3,025
    HughFreakingDillon said:
    good lord. around and around we go. I'm not going to waste my time going over this same old song and dance again. it's been discussed ad nauseum. 
    So you again refuse to answer questions.
    "The world is full of idiots and I am but one of them."

    10-30-1991 Toronto, Toronto 1 & 2 2016, Toronto 2022
This discussion has been closed.

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