The first 100 days

[astonmartin708]

The key phrase here is “we cannot exist without it”. I talked about this earlier in this thread. The US better find a way to be less reliant on China for vital goods and this needs to occur sooner rather than later. If it takes a minor trade war with China to open the eyes of our lawmakers then so be it. We are currently extremely vulnerable regarding China trade and the Chinese are not our friends. We’ve had a significant lack of leadership regarding this problem for years

Yeah! Screw you Nixon!

 

[astonmartin708]

Aston,

You sat on your hands for almost three years during times of growing inflation while the Biden Admin fought the Fed efforts to reduce the money supply. We have a change in the White House and now you’re concerned what might happen? Amazing

On the subject of Trump and inflation, as long as the Fed remains strong and refuses to cave in pressure to lower rates we should be fine imo. Trump believes he can grow the economy at 4% AND bring inflations down to 2%. He’s wrong imo and is making the same mistake Biden made in thinking the American people would rather have higher growth and lower unemployment and won’t mind the $8 a carton eggs. We see how that turned out.

Because that was necessary to stimulate the ecomony. Trade wars (or threatened trade wars and threatened annexation) with countries that we have surpluses with and have been 200 year allies, is not.

 

[astonmartin708]

Seems like a win for our auto manufacturers

View embedded media

If only our (non-Nazi) manufacturers chose to make cars that wouldn’t cost an arm and a leg to run because of their fuel costs and somewhat limited gas infrastructure

 

[lawpoke87]

Because that was necessary to stimulate the ecomony. Trade wars (or threatened trade wars and threatened annexation) with countries that we have surpluses with and have been 200 year allies, is not.

No. The Fed was using every tool they had to slow down the economy and get inflation under control. The Biden Admin was doing everything they could to pump more money into the economy because he (well not him he was a potted plant) believed gdp growth and low unemployment numbers were more important than $8 a carton eggs. This was post covid shock. The third stimulus and every spending measure thereafter. Even if you believe the third trillion was necessary, you were still silent on the spending measures afterwards while the Fed was raising rates to tighten the money supply. I talked about this constantly. You never criticized a single measure of the Biden Admin or addressed any concern about inflation even when the same was running well over 8%. Why?

Guess there is the question was Biden and crew actually stupid enough to believe you could inject trillions into an economy already short on goods and not experience severe inflation other than “transitory” or did he do it due to the facts mentioned above? Is that why the fought the Fed the last two years of his presidency?

I could also address the fact that WATU now cares about deficits after four years of silence. I simply don’t understand the lack of self awareness when it comes to hypocrisy . I would be similar to myself all of a sudden not caring about deficits because Pubs control government. Help me understand?

 

[aTUfan]

Bloomberg:
"Trump’s tax cut wish list would cost the federal government between $5 trillion and $11.2 trillion in lost revenue over the next decade, according to a new analysis from a budget watchdog group. The Committee for a Responsible Federal Budget, which advocates for shrinking deficits, estimated the bulk of the cost would come from extending portions of the 2017 Republican Party’s tax cuts during Trump’s first term, which largely benefitted the rich and corporations. Those cuts expire at the end of 2025. Trump’s overall tax plan would “explode” the debt and risk “a serious debt spiral,” the group said, unless they are offset with spending cuts or tax increases elsewhere. Maybe private equity can take some of the weight?"

No, cut services to the poor to provide tax cuts for billionaires.

gov spending wastes billions each year

 

[lawpoke87]

Yeah! Screw you Nixon!

Imagine believing we in the same world today as we did 50 years ago.

 

[lawpoke87]

Bloomberg:
"Trump’s tax cut wish list would cost the federal government between $5 trillion and $11.2 trillion in lost revenue over the next decade, according to a new analysis from a budget watchdog group. The Committee for a Responsible Federal Budget, which advocates for shrinking deficits, estimated the bulk of the cost would come from extending portions of the 2017 Republican Party’s tax cuts during Trump’s first term, which largely benefitted the rich and corporations. Those cuts expire at the end of 2025. Trump’s overall tax plan would “explode” the debt and risk “a serious debt spiral,” the group said, unless they are offset with spending cuts or tax increases elsewhere. Maybe private equity can take some of the weight?"

No, cut services to the poor to provide tax cuts for billionaires.

We’ve been running deficits of $2T per year over the last four years. Did these clowns just say these measures would “explode the debt and risk a serious debt spiral”? What the hell have they been watching the last 4-5 years?

For the record, I’m still against any tax cuts as I’m still focused on getting our fiscal house in order. My policies and focus doesn’t change based on who’s in the White House. Glad to see you back on the deficit train after a four year hiatus