#47 economic policies

brianlux · April 7

dignin said:

Nobody really believed those jobs were coming back right?

Trump official admits US workers won’t get jobs in new factories spurred by tariff strategy

Howard Lutnick suggests robotics are the future

https://www.independent.co.uk/news/world/americas/us-politics/howard-lutnick-trump-tariffs-factories-b2728463.html?utm_source=reddit.com

Lately, I've thought a lot about the job situation. With all these layoffs/firings, plus college students who have to drop out and go to work because they can't afford to stay in, plus a lot of people who may have to come out of retirement and go back to work because their retirement income is getting screwed royally, plus, like you say, robotics taking more jobs... what's that all going to look like in the near future? Will it be like it was my my pop was a kid during the depression? They had to scratch in the dirt and grow a few vegetable. When he was still just a little kid, my pop and another kid would walk all over town and scrounge scrap metal and take it to the scrap yard and get a few pennies for it. And then those two boys would go back to the scrapyard at night and crawled under the fence and make off with some of the scrap metal to take back later to sell again for a few cents. I've been poor before (about five years living below the poverty line), but never that poor. I can't imagine that. But who knows?

One thing for sure- I think the smart thing for most of us to do right now is learn how to be more frugal. Tighten the belt, be a savvy shopper, and definitely learn the difference between "want" and need".

Life is getting interesting.

Halifax2TheMax said:

brianlux said:

Here comes another week.
"Ladies and gentlemen, we are expecting more turbulence. Please stay seated and fasten you seat belts."

More like "we're expecting to crash. Assume the position."

Ahh yes, the classic "lean over, hold your ankles, and kiss you ass goodbye" position. The problem is, that only works for people who are adept at extreme yoga positions!

cincybearcat · April 7

tbergs said:

So it's going to be around 10% loss for a 3 day stretch? How long until we recover that, his entire term?

After Friday I thought maybe 6 years....with more coming....I am very uncertain....and pissed off.

josevolution · April 7

When will people just say enough is enough? Is this administration doing this on purpose tanking the markets? Loosing one’s retirement doesn’t just affect Democrats or just Republicans when will the independents or the folks who stood on the sidelines start to fight back? Surely the senate and house republicans have to start worrying about loosing both come next year

nicknyr15 · April 7

josevolution said:

When will people just say enough is enough? Is this administration doing this on purpose tanking the markets? Loosing one’s retirement doesn’t just affect Democrats or just Republicans when will the independents or the folks who stood on the sidelines start to fight back? Surely the senate and house republicans have to start worrying about loosing both come next year

They won’t admit it but I’m pretty sure most of his voters are losing confidence , at least in his economics. The only ones who don’t care are ones who have nothing and aren’t feeling the hurt. I can’t see it any other way but wtf do I know. What a mess.

cincybearcat · April 7

nicknyr15 said:

josevolution said:

When will people just say enough is enough? Is this administration doing this on purpose tanking the markets? Loosing one’s retirement doesn’t just affect Democrats or just Republicans when will the independents or the folks who stood on the sidelines start to fight back? Surely the senate and house republicans have to start worrying about loosing both come next year

They won’t admit it but I’m pretty sure most of his voters are losing confidence , at least in his economics. The only ones who don’t care are ones who have nothing and aren’t feeling the hurt. I can’t see it any other way but wtf do I know. What a mess.

I'd be willing to bet a large portion of his base has no 401k, or it is so small it doesn't matter to them.

Poncier · April 7

nicknyr15 said:

josevolution said:

When will people just say enough is enough? Is this administration doing this on purpose tanking the markets? Loosing one’s retirement doesn’t just affect Democrats or just Republicans when will the independents or the folks who stood on the sidelines start to fight back? Surely the senate and house republicans have to start worrying about loosing both come next year

They won’t admit it but I’m pretty sure most of his voters are losing confidence , at least in his economics. The only ones who don’t care are ones who have nothing and aren’t feeling the hurt. I can’t see it any other way but wtf do I know. What a mess.

Those who have nothing will feel the hurt when the cost of their "groceries" (it's an old-fashioned word most here have probably never heard of, it's like a bag with a lot of different thigs in it) and other every day essentials goes up by 20% or more. Which should be noticeable in a week or so.

darwinstheory · April 7

nicknyr15 said:

josevolution said:

When will people just say enough is enough? Is this administration doing this on purpose tanking the markets? Loosing one’s retirement doesn’t just affect Democrats or just Republicans when will the independents or the folks who stood on the sidelines start to fight back? Surely the senate and house republicans have to start worrying about loosing both come next year

They won’t admit it but I’m pretty sure most of his voters are losing confidence , at least in his economics. The only ones who don’t care are ones who have nothing and aren’t feeling the hurt. I can’t see it any other way but wtf do I know. What a mess.

cincybearcat said:

nicknyr15 said:

josevolution said:

When will people just say enough is enough? Is this administration doing this on purpose tanking the markets? Loosing one’s retirement doesn’t just affect Democrats or just Republicans when will the independents or the folks who stood on the sidelines start to fight back? Surely the senate and house republicans have to start worrying about loosing both come next year

They won’t admit it but I’m pretty sure most of his voters are losing confidence , at least in his economics. The only ones who don’t care are ones who have nothing and aren’t feeling the hurt. I can’t see it any other way but wtf do I know. What a mess.

I'd be willing to bet a large portion of his base has no 401k, or it is so small it doesn't matter to them.

💯 with these last two posts.

Gern Blansten · April 7

get ready for more winning....it's the GOLDEN AGE folks....GOLDEN!

darwinstheory · April 7

You just have to trust what he's doing. He is the chosen one after all. All he wants is what is best for Americans everywhere. Everyday folks like you and him.

Gern Blansten · April 7

I can't believe what I'm seeing from the magats. They really think this is all part of the plan.

nicknyr15 · April 7

Gern Blansten said:

I can't believe what I'm seeing from the magats. They really think this is all part of the plan.

I saw a headline that I would consider the spinniest of all spins. That trumps tariffs will help Americans overcome their “war on clutter”. So, nobody will be able to afford anything and that will result in less clutter. 😂😂😂😂😂😂😂

nicknyr15 · April 7

Poncier said:

nicknyr15 said:

josevolution said:

When will people just say enough is enough? Is this administration doing this on purpose tanking the markets? Loosing one’s retirement doesn’t just affect Democrats or just Republicans when will the independents or the folks who stood on the sidelines start to fight back? Surely the senate and house republicans have to start worrying about loosing both come next year

They won’t admit it but I’m pretty sure most of his voters are losing confidence , at least in his economics. The only ones who don’t care are ones who have nothing and aren’t feeling the hurt. I can’t see it any other way but wtf do I know. What a mess.

Those who have nothing will feel the hurt when the cost of their "groceries" (it's an old-fashioned word most here have probably never heard of, it's like a bag with a lot of different thigs in it) and other every day essentials goes up by 20% or more. Which should be noticeable in a week or so.

You would assume so but I’m willing to bet they won’t. There’s a certain percentage of voters on both sides that would never admit defeat.

gotthebottle · April 7

I got through to my Fidelity manager and made a few more conservative changes. It's all I can do. No one knows how low this crazy administration is willing to go.
I predict he has no bottom....

Hawk123 · April 7

gotthebottle said:

I got through to my Fidelity manager and made a few more conservative changes. It's all I can do. No one knows how low this crazy administration is willing to go.
I predict he has no bottom....

I think that’s exactly it. When the people making decisions are billionaires, they won’t feel a thing or are playing the market to make money on the way down. It’s brutal.

cincybearcat · April 7

gotthebottle said:

I got through to my Fidelity manager and made a few more conservative changes. It's all I can do. No one knows how low this crazy administration is willing to go.
I predict he has no bottom....

I predict he is a bottom

Spiritual_Chaos · April 7

cincybearcat said:

gotthebottle said:

I got through to my Fidelity manager and made a few more conservative changes. It's all I can do. No one knows how low this crazy administration is willing to go.
I predict he has no bottom....

I predict he is a bottom

Spiritual_Chaos · April 7

My Nintendo stock is crashing.

The US is a country where one dumb-dumb person that doesn't understand what a tariff even is, can sit in the world like it's a sandbox wrecking havoc all he wants.

Starting to think it's not such a "great experiment" but rather proper broken.

OnWis97 · April 7

We know what's happening with the GOP: They're scared to tell the emperor that he has no clothes.

But what's going on with Trump himself in regards to the tariffs:

He really believes this will just result in the US getting big bags of money and it's going to help the US economy and (more importantly) make him the greatest president ever.
Revenge! He's actively trying to ruin the country for not re-electing him in 2020.
Just trying to help the rich people get richer. Just being an unhinged orange Reagan.
Other?

I am leaning towards a combo of 1 and 3. I think he's dug in on this idea. Maybe he even was during his first term be he was not surrounded by enough sycophants. And #3 is always part of what he's doing.

As for #2, I've always thought that he was indifferent towards the country he's supposed to be serving. But I'm starting to understand why people think this. Maybe part of the podcast/social media love of this is the MAGA-faithful catching strays as all of this crap is owning the libs, which is what really matters.

Spiritual_Chaos · April 7

Pretty sure he knows/thinks that the US is such a big and important market that companies will "make it work" - whether by lowering their margins to off set the tariff, or set up shop in the US quickly. As in, the US has the upper hand and can bully itself to work.

I don't think he believes and is ignorant to the long timelines and work it takes for companies to move production to the US. And even if they did that instead of waiting four years hoping it goes back to normal post-Trump -- US workers assembling iphones or Nintendo Switches - even with the weird Union-hate the US has - how much won't that raise the prices of products?

mickeyrat · April 7

looked futher into my 401k account.

plus 11k and change gained last year.

mins 9k thrusday/friday and the futures on sunday lowered that even further.

opening doesnt look good..

#47 economic policies

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