Oldbear83 said:
Porteroso said:
Oldbear83 said:
When JR says "rational business people", he means anyone who agrees with him, regardless of whether he makes any sense .
It's like Joe Biden 2024, but attempting to seem like a business guy rather than Biden struggling to show he knows what day it is
You're right, this does seem like the Biden administration. The thing is, you don't have to be smart or have a good plan when you have the biggest stick. And we do. We will beat the world into economic submission and hopefully this all works out, but the secondary effects are going to be enormous. The fallout will take decades to realize. This was simply a bad way to accomplish a thing, and I am assuming it works.
OK Porteroso, I will play along here.
Given the limited time before we have restructure the debt, the sheer size of it, the incredible amount of waste and fraud in government spending, and the unbalanced trade terrain, what would you have recommended that would address all those economic issues?
Trust career politicians?
Trust foreign governments which have stolen from the US for decades?
What is your alternative?
What he's doing will increase the debt. The 2bn per day will be offset by the loss in capital gains taxes alone.
And I'm all for what DOGE is doing, assuming some of what they are doing is real. Some of what they report is wildly exaggerated, or misleading.
And the truth is the economy was rolling along pretty well, inflation coming down, before all this started. My first thought is don't try to convince Americans that living in one of the most prosperous countries in all of time is so bad.
Trump actually convinced people living relatively wealthy lives that the country was falling apart. It's what populists do. Aren't you one who complained when Obama did it? He told black Americans they were being wildly discriminated against and they should be mad about it. Set race relations back decades, according to some...
If Trump wanted to renegotiate trade deals, tariffs is one way to do it, but the tariffs on our allies are not fair. Find the worst offenders, tariff them. Not the dntirecworld, and have an actual plan. Announce in stages so people think they can trust what you say.
I think he figured he needed to make it real, and fast, so he declared economic war on the world. Better than that, would be making an example out of the worst offenders, and then negotiating before tariffs. Tariffs are punitive, and should he used as such, not as the opening to negotiations.
And what is he going to do with the tariff money? He is spending even more than the 2bn/day in tax cuts.
Basic economics here, when you owe 37tn, don't cut your income. You could make small measured cuts to stimulate growth, but these sweeping cuts are just insane.
And not only do you need to cut like DOGE has, you need to get creative about cutting further, and figuring out more income.
