Recession

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boognish_bear
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boognish_bear
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BigGameBaylorBear
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boognish_bear said:




And to this day, I don't think Trump knows how tariffs work
boognish_bear
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RD2WINAGNBEAR86
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BigGameBaylorBear said:

boognish_bear said:




And to this day, I don't think Trump knows how tariffs work


LOL! Agree 100 percent.Tariffs mean higher prices for everyone. I still laugh whenever he mocks mainstream America for the word Affordability like it is made up and imaginary. That is a consequence of putting a billionaire in office. He is disconnected from the real world.
Call it a tax, the people are outraged! Call it a tariff, the people get out their checkbooks and wave their American flags!!!
canoso
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RD2WINAGNBEAR86 said:

BigGameBaylorBear said:

boognish_bear said:




And to this day, I don't think Trump knows how tariffs work


LOL! Agree 100 percent.Tariffs mean higher prices for everyone. I still laugh whenever he mocks mainstream America for the word Affordability like it is made up and imaginary. That is a consequence of putting a billionaire in office. He is disconnected from the real world.

I have yet to experience higher prices in any aspect of my day to day since the tariffs went into effect, so they must not be for everyone. Fuel, sure, in the short term, but that has zero to do with tariffs. Without merely picking cherries, can you give concrete examples from your personal experience?
J.R.
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canoso said:

RD2WINAGNBEAR86 said:

BigGameBaylorBear said:

boognish_bear said:




And to this day, I don't think Trump knows how tariffs work


LOL! Agree 100 percent.Tariffs mean higher prices for everyone. I still laugh whenever he mocks mainstream America for the word Affordability like it is made up and imaginary. That is a consequence of putting a billionaire in office. He is disconnected from the real world.

I have yet to experience higher prices in any aspect of my day to day since the tariffs went into effect, so they must not be for everyone. Fuel, sure, in the short term, but that has zero to do with tariffs. Without merely picking cherries, can you give concrete examples from your personal experience?

Had to buy a new MacBook. Up $400. Groceries much more. Gasoline. But given my business, I loves some Trumps!
boognish_bear
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canoso said:

RD2WINAGNBEAR86 said:

BigGameBaylorBear said:

boognish_bear said:




And to this day, I don't think Trump knows how tariffs work


LOL! Agree 100 percent.Tariffs mean higher prices for everyone. I still laugh whenever he mocks mainstream America for the word Affordability like it is made up and imaginary. That is a consequence of putting a billionaire in office. He is disconnected from the real world.

I have yet to experience higher prices in any aspect of my day to day since the tariffs went into effect, so they must not be for everyone. Fuel, sure, in the short term, but that has zero to do with tariffs. Without merely picking cherries, can you give concrete examples from your personal experience?


https://taxfoundation.org/research/all/federal/trump-tariffs-trade-war/

Small excerpt from article:

Key Findings

In 2025, the Trump tariffs amounted to an average tax increase of $1,000 per US household. We estimate that the tariffs both announced and imposed, including the Section 122 tariff, Section 232 tariffs, Section 301 tariffs, and Section 338 tariff on Canada, will increase taxes per US household by $900 in 2026.

President Trump imposed tariffs on nearly all trading partners under the International Emergency Economic Powers Act (IEEPA) and on several sectors using Section 232. On February 20,2026, the Supreme Court ruled 6-3 that IEEPA does not authorize tariffs, leaving only the new Section 232 tariffs in place. Trump responded by imposing a 10 percent tariff on nearly all countries under Section 122, effective February 24, 2026, applying to an estimated $1.0 trillion (29 percent) of annual imports. The Section 122 tariff expired after 150 days on July 24. The new Section 301 tariffs apply to an estimated $949 billion (28 percent) of annual imports.

The IEEPA ruling reduced the weighted average applied tariff rate on all imports from 14.9 percent to 8.2 percent in 2026 under the remaining Section 232 tariffs. The revised Section 232 tariffs on steel, aluminum, and copper and the Section 122 tariff increased this rate to 10.8 percent. After the Section 122 tariff expires, accounting for the additional tariffs that will come into effect (Section 232 tariffs on pharmaceuticals, Section 301 tariffs, and the Section 338 tariff on Canada), the weighted average applied tariff rate rises to 11.8 percent.

The average effective tariff rate was in 2025the highest since 1947. We estimate the average effective tariff rate will be 6.6 percent for calendar year 2026, the highest since 1969.

We estimate that the tariffs will raise $1.6 trillion in revenue from 2026-2035 on a conventional basis. The Section 232 tariffs, Section 301 tariffs, and Section 338 tariff on Canada will reduce long-run US GDP by 0.4 percent.

Accounting for negative economic effects, the revenue raised by the tariffs falls to $1.2 trillion over the decade.

The tariffs have not meaningfully altered the trade balance, which fell by only $2.1 billion in 2025, driven by an increase in the trade surplus of services.
RD2WINAGNBEAR86
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canoso said:

RD2WINAGNBEAR86 said:

BigGameBaylorBear said:

boognish_bear said:




And to this day, I don't think Trump knows how tariffs work


LOL! Agree 100 percent.Tariffs mean higher prices for everyone. I still laugh whenever he mocks mainstream America for the word Affordability like it is made up and imaginary. That is a consequence of putting a billionaire in office. He is disconnected from the real world.

I have yet to experience higher prices in any aspect of my day to day since the tariffs went into effect, so they must not be for everyone. Fuel, sure, in the short term, but that has zero to do with tariffs. Without merely picking cherries, can you give concrete examples from your personal experience?

Just about every single thing I have bought since January 20, 2025 has gone up in price. It might be easier to name products that have gone down in price. The one thing that comes to mind is airline tickets. And as an industry, they are hemorrhaging money.

The Amazon $600 million windfall is shocking. Trump was told by the Supreme Court to return the tariff revenue unlawfully collected. Not only did Amazon raise prices, but they are getting a $600 million windfall from the federal government. Amazon claims they will return it to their customers but I'm certainly not going to hold my breath.
Call it a tax, the people are outraged! Call it a tariff, the people get out their checkbooks and wave their American flags!!!
canoso
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RD2WINAGNBEAR86 said:

canoso said:

RD2WINAGNBEAR86 said:

BigGameBaylorBear said:

boognish_bear said:




And to this day, I don't think Trump knows how tariffs work


LOL! Agree 100 percent.Tariffs mean higher prices for everyone. I still laugh whenever he mocks mainstream America for the word Affordability like it is made up and imaginary. That is a consequence of putting a billionaire in office. He is disconnected from the real world.

I have yet to experience higher prices in any aspect of my day to day since the tariffs went into effect, so they must not be for everyone. Fuel, sure, in the short term, but that has zero to do with tariffs. Without merely picking cherries, can you give concrete examples from your personal experience?

Just about every single thing I have bought since January 20, 2025 has gone up in price. It might be easier to name products that have gone down in price. The one thing that comes to mind is airline tickets. And as an industry, they are hemorrhaging money.

The Amazon $600 million windfall is shocking. Trump was told by the Supreme Court to return the tariff revenue unlawfully collected. Not only did Amazon raise prices, but they are getting a $600 million windfall from the federal government. Amazon claims they will return it to their customers but I'm certainly not going to hold my breath.

I'm sorry for your experience since January 2025. As I affirmed, mine is entirely different.
RD2WINAGNBEAR86
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canoso said:

RD2WINAGNBEAR86 said:

canoso said:

RD2WINAGNBEAR86 said:

BigGameBaylorBear said:

boognish_bear said:




And to this day, I don't think Trump knows how tariffs work


LOL! Agree 100 percent.Tariffs mean higher prices for everyone. I still laugh whenever he mocks mainstream America for the word Affordability like it is made up and imaginary. That is a consequence of putting a billionaire in office. He is disconnected from the real world.

I have yet to experience higher prices in any aspect of my day to day since the tariffs went into effect, so they must not be for everyone. Fuel, sure, in the short term, but that has zero to do with tariffs. Without merely picking cherries, can you give concrete examples from your personal experience?

Just about every single thing I have bought since January 20, 2025 has gone up in price. It might be easier to name products that have gone down in price. The one thing that comes to mind is airline tickets. And as an industry, they are hemorrhaging money.

The Amazon $600 million windfall is shocking. Trump was told by the Supreme Court to return the tariff revenue unlawfully collected. Not only did Amazon raise prices, but they are getting a $600 million windfall from the federal government. Amazon claims they will return it to their customers but I'm certainly not going to hold my breath.

I'm sorry for your experience since January 2025. As I affirmed, mine is entirely different.

Life is good, Canoso. I have just never been a huge fan of taxes. Just want all of us to be able to keep more of our hard-earned money.
Call it a tax, the people are outraged! Call it a tariff, the people get out their checkbooks and wave their American flags!!!
canoso
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RD2WINAGNBEAR86 said:

canoso said:

RD2WINAGNBEAR86 said:

canoso said:

RD2WINAGNBEAR86 said:

BigGameBaylorBear said:

boognish_bear said:




And to this day, I don't think Trump knows how tariffs work


LOL! Agree 100 percent.Tariffs mean higher prices for everyone. I still laugh whenever he mocks mainstream America for the word Affordability like it is made up and imaginary. That is a consequence of putting a billionaire in office. He is disconnected from the real world.

I have yet to experience higher prices in any aspect of my day to day since the tariffs went into effect, so they must not be for everyone. Fuel, sure, in the short term, but that has zero to do with tariffs. Without merely picking cherries, can you give concrete examples from your personal experience?

Just about every single thing I have bought since January 20, 2025 has gone up in price. It might be easier to name products that have gone down in price. The one thing that comes to mind is airline tickets. And as an industry, they are hemorrhaging money.

The Amazon $600 million windfall is shocking. Trump was told by the Supreme Court to return the tariff revenue unlawfully collected. Not only did Amazon raise prices, but they are getting a $600 million windfall from the federal government. Amazon claims they will return it to their customers but I'm certainly not going to hold my breath.

I'm sorry for your experience since January 2025. As I affirmed, mine is entirely different.

Life is good, Canoso. I have just never been a huge fan of taxes. Just want all of us to be able to keep more of our hard-earned money.

Right there with you on disliking taxes. But Texas still has no state income tax or tax on groceries. Sales tax hasn't risen, at least where I live. My property taxes dropped by about half with the relief the Texas legislature put in place. Then I realized that were I not blessed with real property I wouldn't have any property tax. I got a federal tax refund this year for the first time in I don't know when.
canoso
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boognish_bear said:

canoso said:

RD2WINAGNBEAR86 said:

BigGameBaylorBear said:

boognish_bear said:




And to this day, I don't think Trump knows how tariffs work


LOL! Agree 100 percent.Tariffs mean higher prices for everyone. I still laugh whenever he mocks mainstream America for the word Affordability like it is made up and imaginary. That is a consequence of putting a billionaire in office. He is disconnected from the real world.

I have yet to experience higher prices in any aspect of my day to day since the tariffs went into effect, so they must not be for everyone. Fuel, sure, in the short term, but that has zero to do with tariffs. Without merely picking cherries, can you give concrete examples from your personal experience?


https://taxfoundation.org/research/all/federal/trump-tariffs-trade-war/

Small excerpt from article:

Key Findings

In 2025, the Trump tariffs amounted to an average tax increase of $1,000 per US household. We estimate that the tariffs both announced and imposed, including the Section 122 tariff, Section 232 tariffs, Section 301 tariffs, and Section 338 tariff on Canada, will increase taxes per US household by $900 in 2026.

President Trump imposed tariffs on nearly all trading partners under the International Emergency Economic Powers Act (IEEPA) and on several sectors using Section 232. On February 20,2026, the Supreme Court ruled 6-3 that IEEPA does not authorize tariffs, leaving only the new Section 232 tariffs in place. Trump responded by imposing a 10 percent tariff on nearly all countries under Section 122, effective February 24, 2026, applying to an estimated $1.0 trillion (29 percent) of annual imports. The Section 122 tariff expired after 150 days on July 24. The new Section 301 tariffs apply to an estimated $949 billion (28 percent) of annual imports.

The IEEPA ruling reduced the weighted average applied tariff rate on all imports from 14.9 percent to 8.2 percent in 2026 under the remaining Section 232 tariffs. The revised Section 232 tariffs on steel, aluminum, and copper and the Section 122 tariff increased this rate to 10.8 percent. After the Section 122 tariff expires, accounting for the additional tariffs that will come into effect (Section 232 tariffs on pharmaceuticals, Section 301 tariffs, and the Section 338 tariff on Canada), the weighted average applied tariff rate rises to 11.8 percent.

The average effective tariff rate was in 2025the highest since 1947. We estimate the average effective tariff rate will be 6.6 percent for calendar year 2026, the highest since 1969.

We estimate that the tariffs will raise $1.6 trillion in revenue from 2026-2035 on a conventional basis. The Section 232 tariffs, Section 301 tariffs, and Section 338 tariff on Canada will reduce long-run US GDP by 0.4 percent.

Accounting for negative economic effects, the revenue raised by the tariffs falls to $1.2 trillion over the decade.

The tariffs have not meaningfully altered the trade balance, which fell by only $2.1 billion in 2025, driven by an increase in the trade surplus of services.

I asked for personal experience. Yours?
canoso
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J.R. said:

canoso said:

RD2WINAGNBEAR86 said:

BigGameBaylorBear said:

boognish_bear said:




And to this day, I don't think Trump knows how tariffs work


LOL! Agree 100 percent.Tariffs mean higher prices for everyone. I still laugh whenever he mocks mainstream America for the word Affordability like it is made up and imaginary. That is a consequence of putting a billionaire in office. He is disconnected from the real world.

I have yet to experience higher prices in any aspect of my day to day since the tariffs went into effect, so they must not be for everyone. Fuel, sure, in the short term, but that has zero to do with tariffs. Without merely picking cherries, can you give concrete examples from your personal experience?

Had to buy a new MacBook. Up $400. Groceries much more. Gasoline. But given my business, I loves some Trumps!

Again, not my experience.
boognish_bear
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boognish_bear
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chriscbear
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Dont worry, when the socialist take controll we will all make the same. It'll be OK.
boognish_bear
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J.R.
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canoso said:

RD2WINAGNBEAR86 said:

canoso said:

RD2WINAGNBEAR86 said:

canoso said:

RD2WINAGNBEAR86 said:

BigGameBaylorBear said:

boognish_bear said:




And to this day, I don't think Trump knows how tariffs work


LOL! Agree 100 percent.Tariffs mean higher prices for everyone. I still laugh whenever he mocks mainstream America for the word Affordability like it is made up and imaginary. That is a consequence of putting a billionaire in office. He is disconnected from the real world.

I have yet to experience higher prices in any aspect of my day to day since the tariffs went into effect, so they must not be for everyone. Fuel, sure, in the short term, but that has zero to do with tariffs. Without merely picking cherries, can you give concrete examples from your personal experience?

Just about every single thing I have bought since January 20, 2025 has gone up in price. It might be easier to name products that have gone down in price. The one thing that comes to mind is airline tickets. And as an industry, they are hemorrhaging money.

The Amazon $600 million windfall is shocking. Trump was told by the Supreme Court to return the tariff revenue unlawfully collected. Not only did Amazon raise prices, but they are getting a $600 million windfall from the federal government. Amazon claims they will return it to their customers but I'm certainly not going to hold my breath.

I'm sorry for your experience since January 2025. As I affirmed, mine is entirely different.

Life is good, Canoso. I have just never been a huge fan of taxes. Just want all of us to be able to keep more of our hard-earned money.

Right there with you on disliking taxes. But Texas still has no state income tax or tax on groceries. Sales tax hasn't risen, at least where I live. My property taxes dropped by about half with the relief the Texas legislature put in place. Then I realized that were I not blessed with real property I wouldn't have any property tax. I got a federal tax refund this year for the first time in I don't know when.

I find Texas's property tax oppressive, particularly for higher value properties. I understand why folks want home to raise families ect, but Texas is bad for 2nd homes. I got really tired of scarring around find $ to pay, not only my property taxes, but my bakehouse taxes, too. Big #. I own a place in CO Mountains and it is valued about the same as my home in Dallas when I had one. Property taxes in Dallas $60K, CO $1,800 Now, I don't own a home in Texas, but have an apt I rent when I'm back. Nice to be out from underneath all that.
boognish_bear
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boognish_bear
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One of the problems with this claim is that virtually no Republican was making "the affordability crisis is fake" arguments during the Biden years. It's extremely transparent to everyone that the unwillingness to acknowledge these obvious economic challenges is at least partially politically motivated.

The second problem is that, no matter how thrifty your family might be, and no matter how cheap your homemade burritos, the significant rise in grocery prices over the past 6 years -- and the fact that the rise is continuing, not stopping, and certainly not reversing -- is just a mathematical reality. It can't be denied. It is a fact.

Grocery prices have gone up by 30 percent or more this decade. I'm happy for you if your family isn't significantly impacted by this problem. But it is real. And it is a problem. And conservatives better come up with an answer that isn't just "learn how to make cheap burritos" or we will get absolutely crushed. That's another reality.
boognish_bear
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boognish_bear
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J.R.
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boognish_bear said:



at least 100% . Who believes this crap?
RD2WINAGNBEAR86
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J.R. said:

boognish_bear said:



at least 100% . Who believes this crap?

This is one thing that Donald Trump and Barack Obama have in common.

Both men have the uncanny ability to convince the masses that the little warm swirl of dog poop on their cone is actually ice cream. Most believe what they say and go back for seconds. With sprinkles.
Call it a tax, the people are outraged! Call it a tariff, the people get out their checkbooks and wave their American flags!!!
boognish_bear
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boognish_bear
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boognish_bear
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boognish_bear
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We are reaching back further than Biden now...



Ingraham: People can't afford a home. There's concern about the cost of living. $100 to fill my tank today. What does the administration need to do on that front? There's real strains out there.

Vance: I think what it shows is that the past 40 years of bipartisan economic policy has failed.
boognish_bear
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boognish_bear
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Agree. So who are we putting in prison?

RD2WINAGNBEAR86
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boognish_bear said:



Not much applause after his "greatest economy we have ever had" comment. As a matter of fact, ZERO applause. If Trump does not acknowledge the problems with the economy, how the HELL is he going to fix it?
Call it a tax, the people are outraged! Call it a tariff, the people get out their checkbooks and wave their American flags!!!
The_barBEARian
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boognish_bear
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The_barBEARian said:




Crenshaw sounding so out of touch. Of course tons of college kids are broke and have to pay their dues getting by...but the economy concerns are about grown ass adults with families that are living paycheck to paycheck.
The_barBEARian
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boognish_bear said:

The_barBEARian said:




Crenshaw sounding so out of touch. Of course tons of college kids are broke and have to pay their dues getting by...but the economy concerns are about grown ass adults with families that are living paycheck to paycheck.


Inflation is killing the middle class... wealth disparity caused by crony capitalism is surging.

Crony Capitalism is just socialism for the wealthy and well connected... the Jared Kushner's will always get bailed out at the expense of the rest of us.

If I could go back in time my lifehack to keep up with inflation created by government spending would have been to join the military for 3-5 years until I get my GI bill, VA benefits, and a fake injury to collect $10k a month in tax free disability checks like 95% of all disabled vets... then I would have gone to work for one of the big defense contractors or became a politician on Israel's payroll.... damn, I just described Dan Crenshaw to the letter!
 
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