#47 economic policies

mickeyrat

https://www.threads.net/@itskatarnett/post/DFjKsN4ygID?xmt=AQGzydLC-f7BGqO9MJSawgdJ9m-zpoVSKnpUoAYxTlp2mQ

Hawk123

mickeyrat said:

https://www.threads.net/@itskatarnett/pos we t/DFjKsN4ygID?xmt=AQGzydLC-f7BGqO9MJSawgdJ9m-zpoVSKnpUoAYxTlp2mQ

That’s what the clown Leavitt said on Friday. Tens of millions of Americans have been killed by fentanyl. Of course the dumb Magats will believe it. 

Hawk123

The stock market is fucked on Monday. Auto industry will screech to a halt in a couple weeks. Millions of people in that industry will be out of work. 

mickeyrat

tbergs

Bets on the market losing >5% Monday? Fucking shit show here we come.

Hawk123

tbergs said:

Bets on the market losing >5% Monday? Fucking shit show here we come.

I bet it’s -3% pre market, drops another couple during the day and closes down 4-5%. It’s going to be a disaster. 

brianlux

It's like slamming into a brick wall.  The approach takes awhile, but once the collision begins...

mickeyrat

PJ_Soul

Of course.

brianlux

PJ_Soul said:

Of course.

Yep, including the MAGA idiots who voted for the dictator.  The question is, how long, if ever, will it take to sink into their thick skulls?

mickeyrat

mickeyrat

https://www.reuters.com/investigations/china-builds-space-alliances-africa-trump-cuts-foreign-aid-2025-02-11/

mickeyrat

US tariffs would stack for Canada, official says as countries condemn Trump moves - https://www.reuters.com/markets/eu-readies-response-trump-hikes-steel-aluminium-tariffs-2025-02-11/

mickeyrat

no reason at all why prices should rise, right?

Trump readies reciprocal tariffs as trade war fears mount - https://www.reuters.com/world/us/trump-administration-readies-reciprocal-us-tariffs-trade-war-fears-mount-2025-02-12/

mickeyrat

Companies warn of more pain as Trump tariff threats escalate - https://www.reuters.com/business/energy/siemens-energy-reports-record-135-billion-order-book-2025-02-12/

mickeyrat

https://www.threads.net/@factpostnews/post/DF-1lvoKWTp?xmt=AQGzAStRNoWp5CiOU4ghBAfoOdgJpUQoT6NcJIWypQhcvw

OnWis97

Screw Moscow Mitch. He made all of this possible. 

Hey at least you stopped the Black Guy from doing much.

DE4173

I imagine that screenshots of the DJIA, NASDAQ composite and S&P 500, etc. will only be posted during down market periods.

Just a wild guess.

mickeyrat

https://www.threads.net/@tomwellborn3/post/DGBMJV8MLSM?xmt=AQGzRdYnC3_w8WWbMzE_8QFHAdlSvmhvRR7JanG7_aGDiQ

josevolution

I have zero fucks to give to the states that voted for him too bad he pulled the wool over 77+ million idiots 

mickeyrat

https://www.threads.net/@factpostnews/post/DGBd6h_Oipe?xmt=AQGzRh6LBf6Ggt5OFXfnV0l3KYXFcq7bMRsB4nypCu6ICw

mickeyrat

FINALLY  McConnel gets on board related to funding for this after some 25 yrs or more and this fuck pulls this shit.

Its a MAJOR crossing. I-75/I-71 converge here on the Cincy side.

https://www.roadsbridges.com/funding/news/55264864/brent-spence-bridge-project-faces-uncertainty?fbclid=IwY2xjawIhZchleHRuA2FlbQIxMQABHTJhGuEMQXuzg8TiQmGs-WGqHBBPDR4LLhAccsBTAvPO-smYpdOqbQOqDg_aem_XtnCbe0YiGvtiDHXmuktHQ

Brent Spence Bridge Project Faces Uncertainty

Jan. 31, 2025

Covington leaders advocate for continued infrastructure investment

• 
  
• 
  
• 
  
• 
  
• 
  

Officials in Covington, Ky. are emphasizing the need for government funding for the Brent Spence Bridge Corridor Project amid the confusion surrounding the lack of clarity in regards to President Trump's proposed federal funding freeze. 

A federal judge temporarily halted enforcement of Trump's freeze until Monday, Feb. 3. The Trump Administration announced Wednesday afternoon that it was rescinding its funding freeze memo. 

The multi-billion-dollar transportation project has three components: the construction of a new bridge along the Interstate 71/Interstate 75 corridor, improvements to the existing bridge and improvements along eight miles approaching both sides of the Ohio River. 

The design for the project has been underway since 2005.

According to a press release from Covington, the most recent cost estimates were at least $3.6 billion, with the federal government allocating $1.6 billion of that in January 2023.

“As a route for $2 billion in goods a day and many thousands of workers’ commutes, the Brent Spence Bridge’s impact on local, regional and national commerce cannot be overestimated,” said Covington Mayor Ron Washington in a press release.

continues......

mickeyrat

yay steel tariffs.....

https://www.wosu.org/npr-news/2025-02-20/how-trumps-tariffs-on-steel-and-aluminum-could-hit-you-at-the-grocery-store?fbclid=IwZXh0bgNhZW0CMTEAAR3sbU28YTWzHLPJKrF5zmsMRcHQtjnCm706ZbnMWKTWO29pe6l8wsQ0tJs_aem_PK1I4XMqSmrtAO-u7xskIQ

mickeyrat

Things that don’t make the regular news. Trump is proposing a $1 million docking fee on every non American made cargo ship docking in an American port. Most large container ships are foreign made.

https://www.wsj.com/business/logistics/u-s-to-hit-chinese-ships-with-hefty-port-fees-1894a61c

therefore shipping costs go up, therefore price of those goods goes up in addition to the tariffs......

josevolution

mickeyrat said:

Things that don’t make the regular news. Trump is proposing a $1 million docking fee on every non American made cargo ship docking in an American port. Most large container ships are foreign made.

https://www.wsj.com/business/logistics/u-s-to-hit-chinese-ships-with-hefty-port-fees-1894a61c

therefore shipping costs go up, therefore price of those goods goes up in addition to the tariffs......

And what happens to the American cargo ships that have to dock on the docks abroad? Or is everything this country exports get loaded onto foreign ships? 

mickeyrat

josevolution said:

mickeyrat said:

Things that don’t make the regular news. Trump is proposing a $1 million docking fee on every non American made cargo ship docking in an American port. Most large container ships are foreign made.

https://www.wsj.com/business/logistics/u-s-to-hit-chinese-ships-with-hefty-port-fees-1894a61c

therefore shipping costs go up, therefore price of those goods goes up in addition to the tariffs......

And what happens to the American cargo ships that have to dock on the docks abroad? Or is everything this country exports get loaded onto foreign ships? 

I think the bulk of shipping vesseks are foreign flagged.

josevolution

mickeyrat said:

josevolution said:

mickeyrat said:

Things that don’t make the regular news. Trump is proposing a $1 million docking fee on every non American made cargo ship docking in an American port. Most large container ships are foreign made.

https://www.wsj.com/business/logistics/u-s-to-hit-chinese-ships-with-hefty-port-fees-1894a61c

therefore shipping costs go up, therefore price of those goods goes up in addition to the tariffs......

And what happens to the American cargo ships that have to dock on the docks abroad? Or is everything this country exports get loaded onto foreign ships? 

I think the bulk of shipping vesseks are foreign flagged.

Yeah these nations being targeted will def raise the prices of those imports! 

mickeyrat

josevolution said:

mickeyrat said:

josevolution said:

mickeyrat said:

Things that don’t make the regular news. Trump is proposing a $1 million docking fee on every non American made cargo ship docking in an American port. Most large container ships are foreign made.

https://www.wsj.com/business/logistics/u-s-to-hit-chinese-ships-with-hefty-port-fees-1894a61c

therefore shipping costs go up, therefore price of those goods goes up in addition to the tariffs......

And what happens to the American cargo ships that have to dock on the docks abroad? Or is everything this country exports get loaded onto foreign ships? 

I think the bulk of shipping vesseks are foreign flagged.

Yeah these nations being targeted will def raise the prices of those imports! 

but I think the fees go to the ports which arent federally run..

mickeyrat

https://www.threads.net/@keithboykin/post/DGgDptoJZ-S?xmt=AQGzxL9Dh-9uGUibdZNbzk8r2IYo28lcKAAIkMzlGezszQ

Consumer confidence plunged 7 points in February, the biggest monthly drop in four years, with eggs unaffordable, inflation rising, Trump's tariffs threatening the economy, and more Americans now expect a recession this year.

do note last week he said he wasnt to be blamed for the first year as it wasnt his to own.

sure seems to be having immediate impact

yes/no?

Halifax2TheMax

mickeyrat said:

https://www.threads.net/@keithboykin/post/DGgDptoJZ-S?xmt=AQGzxL9Dh-9uGUibdZNbzk8r2IYo28lcKAAIkMzlGezszQ

Consumer confidence plunged 7 points in February, the biggest monthly drop in four years, with eggs unaffordable, inflation rising, Trump's tariffs threatening the economy, and more Americans now expect a recession this year.

do note last week he said he wasnt to be blamed for the first year as it wasnt his to own.

sure seems to be having immediate impact

yes/no?

Typically, in normal times and with competent and normal people in leadership positions, the first nine months of a new administration is considered the honeymoon period as they work on their budget plan for a new fiscal year that begins October 1st. As such, it’s still Brandon’s economy until their budget kicks in and you’ve had three months or so of implementation and its effects. The one year mark is when the “they own it” generally kicks in.

Not this time. They’ve come in with a wrecking ball and are not working on anything policy wise for solutions and there are looming deadlines for the budget and spending that they’re not addressing, despite having majorities in both houses. Repub congressional representatives are afraid of COOTWH and Elongitaint and know that you can’t slash $4T from spending without massive cuts to popular programs. Leadership requires knowing how things work and where to reduce spending and invest spending. That leadership doesn’t exist. Stupid won.

Good fucking luck.