You can never trust China. Too many chiefs... and they don't communicateboognish_bear said:Breaking: The U.S.-China trade truce risks falling apart, with rare-earth minerals at the heart of accusations that Beijing is reneging on the agreement https://t.co/mAFqapJJhM
— The Wall Street Journal (@WSJ) May 30, 2025
time to shut them dudes down........Assassin said:You can never trust China. Too many chiefs... and they don't communicateboognish_bear said:Breaking: The U.S.-China trade truce risks falling apart, with rare-earth minerals at the heart of accusations that Beijing is reneging on the agreement https://t.co/mAFqapJJhM
— The Wall Street Journal (@WSJ) May 30, 2025
President Trump on possibly pardoning Diddy: "Nobody's asked...I know people are thinking about it...I haven't been watching it too closely...I haven't spoken to him in years...I would certainly look at the facts." pic.twitter.com/34e7SmBRvd
— CSPAN (@cspan) May 30, 2025
BREAKING: The S&P500 had the best may since 1990 pic.twitter.com/TjYUhC5Fll
— unusual_whales (@unusual_whales) May 30, 2025
boognish_bear said:BREAKING: The S&P500 had the best may since 1990 pic.twitter.com/TjYUhC5Fll
— unusual_whales (@unusual_whales) May 30, 2025
Osodecentx said:boognish_bear said:BREAKING: The S&P500 had the best may since 1990 pic.twitter.com/TjYUhC5Fll
— unusual_whales (@unusual_whales) May 30, 2025
Great! Trump has said repeatedly this is Biden's economy
BREAKING: President Trump says it is his "great honor" to raise tariffs on both steel and aluminum from 25% to 50% beginning on June 4th. pic.twitter.com/OT7WCpwmEa
— The Kobeissi Letter (@KobeissiLetter) May 30, 2025
I'll bet anyone a taco platter this doesn't last long. At least he has a union talking point for his Pittsburgh rally,boognish_bear said:BREAKING: President Trump says it is his "great honor" to raise tariffs on both steel and aluminum from 25% to 50% beginning on June 4th. pic.twitter.com/OT7WCpwmEa
— The Kobeissi Letter (@KobeissiLetter) May 30, 2025
Canada is entering a recession and will soon bleed another 100,000 jobs, TD chief economist has said.
— unusual_whales (@unusual_whales) May 30, 2025
US CANCELS 24 PROJECTS RELATED TO CLEAN ENERGY
— *Walter Bloomberg (@DeItaone) May 30, 2025
JUST IN: 🇺🇸🇨🇳 Pentagon Chief Pete Hegseth warns of imminent China threat and requests urgent military build-up.
— Remarks (@remarks) May 31, 2025
Trump: There will be no layoffs and no outsourcing whatsoever and every U.S. Steel worker will soon receive a well-deserved $5,000 bonus.
— Acyn (@Acyn) May 30, 2025
I'm looking at these giant guys with giant arms. You are not going to like doing chips. pic.twitter.com/JcGdTJbWHp
Trump: "We're creating a special Trump account for every newborn child, starting them off with a $1,000 credit to be invested over the course of their life. A little baby is born, they're gonna start off with $1,000 ... they have a chance to be very rich. It's gonna be very cute… pic.twitter.com/fAG6Uqonxg
— Aaron Rupar (@atrupar) May 30, 2025
DUFFY: I was gonna fly up but we had a little delay at Newark, like a lot of people have. So I actually jumped in the Suburban and drove up. But we're working on Newark. It's gonna get a lot better. Improvements are coming
— Aaron Rupar (@atrupar) May 30, 2025
DOOCY: That's what you say
DUFFY: You don't believe me?… pic.twitter.com/phMSXEptMw
BREAKING: US Defense Secretary Hegseth says China is "credibly" preparing to use force to alter balance of power in the region.
— The Kobeissi Letter (@KobeissiLetter) May 31, 2025
Hegseth says the threat from China is real and could be imminent.
— Elon Musk (@elonmusk) May 31, 2025
Why would you oppose all that if it "might work?"Porteroso said:boognish_bear said:BREAKING: The White House says there will be no increase in the US deficit under President Trump’s tax bill.
— The Kobeissi Letter (@KobeissiLetter) May 29, 2025
Recent estimates have suggested the bill would increase the US deficit by $3.8 trillion.
It's yet another case of Trump making an outlandish claim nobody should take seriously, and somehow his zealot supporters not just entertaining it,but swallowing it whole and defending it to the death.
LOL you should familiarize yourself with CBO scoring rules. i..e not a terribly good indicator of how things are going to play out.
At this point I wonder how many would kill themselves if he said to. It is more than 0. If he gets his 3rd term whiterock wants so badly, I think it will head into real death cult territory.
LOL how delicious to see lefties get unhinged by Trump's trollilng.
If the trade deals continue to go well, it will be very difficult to know the scope of the damage from the tax cuts.
LOL tax cuts are alway stimulative. The only question is by how much.
Already there is a ton of foreign investment promised, and if it actually happens, I'm sure the tax cuts will be credited for it.
Cause effect error. The tax cuts are part of the inducement to make the investments. I mean, you don't even understand how tax cuts work to stimulate the economy. You cut the rate a little bit to spur more economic activity, which creates more taxable events. But we do understand that lefties hate "smaller bites of a bigger pie" thinking in any of its forms. (leftism only makes sense in zero-sum arguments.)
Of course the reality is that this foreign investment should be credited to incredible abuse of power, one man declaring economic war on the entire world.
Economies compete, internally and externally. Managing the external portion is a core Article II power of POTUS. He won the popular vote promising to do exactly what he's done. If the American people don't like it, they can use the mid-terms to put Democrats in power to check him, or elect a globalist POTUS in 2028. That's the system we have. You just don't like it.
It is incredible that it is working so well, just shows you how much leverage we have.
Exactly. No reason for us to be running escalating structural trade deficits which reshape our economy in ways that weaken us. We can and should forge new agreements better serve the interests of the American people, particularly blue collar workers who bore the brunt of the costs of Cold War globalism. (your inattention to that particular dynamic is why Trump has twice been elected POTUS.)
For example, tariffs alone are not enough to get the EU where it wants, so we float the idea of walking away from the defense of Europe. Throwing a continent to the wolves is what zealots think a more prosperous economy is worth. It's just incredible.
So incredibly blind. The US Navy had to reopen the Red Sea shipping lanes closed by Houthi rocket attacks against shipping, because the European powers were completely unable to do it on their own. The Red Sea is only critical to Europe. It does not figure prominently in our supply chains. So how does it matter if European states are our "allies" if they cannot offer anything of substance to the military alliance? Every American president in my lifetime has made that complaint. Trump is the first to actually force the problem to a head. You should thank him. It is not our job to defend Europe, but to help Europe defend itself.
And I think it just might work. Right or wrong be damned, let's make some money!
Now you're talking!
Meanwhile, we keep chugging along......boognish_bear said:Canada is entering a recession and will soon bleed another 100,000 jobs, TD chief economist has said.
— unusual_whales (@unusual_whales) May 30, 2025
🚨 CNBC on new trade deficit numbers: "We cut it in HALF!? ... This really does underscore how the movement of goods and services has really changed due to a variety of tariff-related issues."
— Rapid Response 47 (@RapidResponse47) May 30, 2025
It's the biggest narrowing of the trade deficit in a single month on record. pic.twitter.com/oPlZKOGGkF
BREAKING: The European Union says they "strongly regret" the announced increase of US steel tariffs to 50% and "countermeasures" are being prepared.
— The Kobeissi Letter (@KobeissiLetter) May 31, 2025
The EU says the tariff increase "undermines" ongoing efforts to reach a trade deal.
Roughly 20% of all U.S. tax revenue is used to pay interest on debt, approaching an all-time high 🚨 Probably Fine? 🤔 pic.twitter.com/EZezWou7cE
— Barchart (@Barchart) May 30, 2025
🇺🇸@DOGE has saved American taxpayers $170 billion, equivalent to roughly $1,056 per taxpayer! 🇺🇸 @elonmusk https://t.co/n40oFMZGlz pic.twitter.com/zR23XzUiO7
— The White House (@WhiteHouse) May 30, 2025
JPMorgan CEO Jamie Dimon says the US Government "shouldn't be stockpiling Bitcoin."
— Watcher.Guru (@WatcherGuru) May 31, 2025
"We should stockpiling guns, bullets, tanks, planes, drones, rare earths." pic.twitter.com/BK6vBtJot2
If removing all the Jews on the planet would result in a more prosperous economy, why oppose what might work?whiterock said:Why would you oppose all that if it "might work?"Porteroso said:boognish_bear said:BREAKING: The White House says there will be no increase in the US deficit under President Trump’s tax bill.
— The Kobeissi Letter (@KobeissiLetter) May 29, 2025
Recent estimates have suggested the bill would increase the US deficit by $3.8 trillion.
It's yet another case of Trump making an outlandish claim nobody should take seriously, and somehow his zealot supporters not just entertaining it,but swallowing it whole and defending it to the death.
LOL you should familiarize yourself with CBO scoring rules. i..e not a terribly good indicator of how things are going to play out.
At this point I wonder how many would kill themselves if he said to. It is more than 0. If he gets his 3rd term whiterock wants so badly, I think it will head into real death cult territory.
LOL how delicious to see lefties get unhinged by Trump's trollilng.
If the trade deals continue to go well, it will be very difficult to know the scope of the damage from the tax cuts.
LOL tax cuts are alway stimulative. The only question is by how much.
Already there is a ton of foreign investment promised, and if it actually happens, I'm sure the tax cuts will be credited for it.
Cause effect error. The tax cuts are part of the inducement to make the investments. I mean, you don't even understand how tax cuts work to stimulate the economy. You cut the rate a little bit to spur more economic activity, which creates more taxable events. But we do understand that lefties hate "smaller bites of a bigger pie" thinking in any of its forms. (leftism only makes sense in zero-sum arguments.)
Of course the reality is that this foreign investment should be credited to incredible abuse of power, one man declaring economic war on the entire world.
Economies compete, internally and externally. Managing the external portion is a core Article II power of POTUS. He won the popular vote promising to do exactly what he's done. If the American people don't like it, they can use the mid-terms to put Democrats in power to check him, or elect a globalist POTUS in 2028. That's the system we have. You just don't like it.
It is incredible that it is working so well, just shows you how much leverage we have.
Exactly. No reason for us to be running escalating structural trade deficits which reshape our economy in ways that weaken us. We can and should forge new agreements better serve the interests of the American people, particularly blue collar workers who bore the brunt of the costs of Cold War globalism. (your inattention to that particular dynamic is why Trump has twice been elected POTUS.)
For example, tariffs alone are not enough to get the EU where it wants, so we float the idea of walking away from the defense of Europe. Throwing a continent to the wolves is what zealots think a more prosperous economy is worth. It's just incredible.
So incredibly blind. The US Navy had to reopen the Red Sea shipping lanes closed by Houthi rocket attacks against shipping, because the European powers were completely unable to do it on their own. The Red Sea is only critical to Europe. It does not figure prominently in our supply chains. So how does it matter if European states are our "allies" if they cannot offer anything of substance to the military alliance? Every American president in my lifetime has made that complaint. Trump is the first to actually force the problem to a head. You should thank him. It is not our job to defend Europe, but to help Europe defend itself.
And I think it just might work. Right or wrong be damned, let's make some money!
Now you're talking!
So far, nothing significant has been saved. Only if the small savings that haven't already been rolled back make it into future years, will the billions start to add up. If the deficit was just a trillion, sure, it would be significant, but when viewed in light of the actual deficit, not to mention the exaggeration, what DOGE has done so far is not all that much. And I think Congress might look at the savings and just spend that same money somewhere else.boognish_bear said:🇺🇸@DOGE has saved American taxpayers $170 billion, equivalent to roughly $1,056 per taxpayer! 🇺🇸 @elonmusk https://t.co/n40oFMZGlz pic.twitter.com/zR23XzUiO7
— The White House (@WhiteHouse) May 30, 2025
nein51 said:
It's a literal portion of a drop in the bucket. It's why all the disruption and chaos made no sense. There was never going to be any real savings here.
EatMoreSalmon said:nein51 said:
It's a literal portion of a drop in the bucket. It's why all the disruption and chaos made no sense. There was never going to be any real savings here.
It is forcing those agencies who were "autonomous" to have fiscal oversight. That's a real plus.
Also, when it rains, it rains a drop at a time. It is a shame how we pfffft at $150B of government spending. That's how we got here.
I'm with you on wanting to see deeper cuts in spending. I'm hoping there will be more done over the next year.
I think you are missing the importance of attitude in this matter.nein51 said:EatMoreSalmon said:nein51 said:
It's a literal portion of a drop in the bucket. It's why all the disruption and chaos made no sense. There was never going to be any real savings here.
It is forcing those agencies who were "autonomous" to have fiscal oversight. That's a real plus.
Also, when it rains, it rains a drop at a time. It is a shame how we pfffft at $150B of government spending. That's how we got here.
I'm with you on wanting to see deeper cuts in spending. I'm hoping there will be more done over the next year.
150B of 6.75T is 2%
That's $2,000 on $100,000
$20,000 on $1,000,000
$200,000 on $10,000,000
I bet most on here make at least $100,000 a year. That's a monthly savings of $166. I'm not saying that's nothing but I spent at least that much at Torchys on lunch for 8 today.
That's the literal millennial joke about your $5 a day Starbucks habit because $166 a month is $5 a day.
It's meaningless in the grand scheme of a budget.
You're right that every dollar counts but if you're going to upheave everything in your life it better be for a lot more than $5 a day.
If you announce to your family and friends you're going to cut everything you would get laughed at if all you did was cut $166 a month because it would be laughable.
I'm with you. I want real, serious, meaningful cuts and I damned sure wouldn't have spent political clout for $150B.
You miss my point.nein51 said:
Sure "it could save trillions"…
Look I love cutting expenses but I want real serious, painful cuts.
Call a spade a spade. Be honest. These are token cuts at very best.
Cutting off government employees OF subs is good; fire them too while you're at it…but we are working with a $6.5T dollar budget. You're not going to get meaningful cuts that way.
I want massive spending cuts. 2% just doesn't move the needle for me and it definitely doesn't move the needle for the amount of political capital that was spent.
If you're Musk he could have given the government $150B and been better off than he ended up. That's not ok.
United Kingdom has passed China as the 2nd largest holder of U.S. Treasuries for the first time in 25 years 🚨🚨 pic.twitter.com/8z6E5PcaRE
— Barchart (@Barchart) June 1, 2025
boognish_bear said:BREAKING: The European Union says they "strongly regret" the announced increase of US steel tariffs to 50% and "countermeasures" are being prepared.
— The Kobeissi Letter (@KobeissiLetter) May 31, 2025
The EU says the tariff increase "undermines" ongoing efforts to reach a trade deal.
nein51 said:EatMoreSalmon said:nein51 said:
It's a literal portion of a drop in the bucket. It's why all the disruption and chaos made no sense. There was never going to be any real savings here.
It is forcing those agencies who were "autonomous" to have fiscal oversight. That's a real plus.
Also, when it rains, it rains a drop at a time. It is a shame how we pfffft at $150B of government spending. That's how we got here.
I'm with you on wanting to see deeper cuts in spending. I'm hoping there will be more done over the next year.
150B of 6.75T is 2%
That's $2,000 on $100,000
$20,000 on $1,000,000
$200,000 on $10,000,000
I bet most on here make at least $100,000 a year. That's a monthly savings of $166. I'm not saying that's nothing but I spent at least that much at Torchys on lunch for 8 today.
That's the literal millennial joke about your $5 a day Starbucks habit because $166 a month is $5 a day.
It's meaningless in the grand scheme of a budget.
You're right that every dollar counts but if you're going to upheave everything in your life it better be for a lot more than $5 a day.
If you announce to your family and friends you're going to cut everything you would get laughed at if all you did was cut $166 a month because it would be laughable.
I'm with you. I want real, serious, meaningful cuts and I damned sure wouldn't have spent political clout for $150B.
