What will Trump do to "fix the economy"? Is it really broken?

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APU_Fusion

Golden Member
Dec 16, 2013
1,371
2,048
136
I don't think you're asking this in earnest but I will respond even though I'm quite sure you are unreachable.

First of all this: https://www.heritage.org/debt/comme...-far-outpaces-trump-racking-the-national-debt

Second, the Democrats always outspend (inflate) the economy. The Republicans are guilty as well but the Democrats are much worse. Biden caused this inflation simply by printing so much money.

You can talk about taxing the rich and paying your fair share all you want but it's nonsense. The top 10% of earners pay over 60% of all Federal taxes and 76% of all Federal Income Taxes. Yeah, I know they take home a lot and should be punished further for working hard.

"Fair" would mean everyone would pay the same rate, say 10%. But we don't do that we have a progressive tax rate. The more you make the higher percentage you pay. But that's not enough we need to tax the rich more, maybe the top 10% should pay all of the income taxes right? Bring that top rate up to 90% like in the good old Carter days, or don't you remember them?

You want less of something tax it. Want more out of the US economy, then tax it less. Want more US based business, then tax (tariff) off shore companies. Oh wait, there is a difference between taxes and tariffs. Even Biden knows this, which is why he kept the Trump tariffs, little known inconvenient fact.

Now, the price of things are always going to be higher on average moving forward in time as the government prints money and thus inflates the total without changing the actual value. Print more and it's all worth less. This is how Roosevelt started the Democratic collapse of the US economy in 1933 by suspending the gold standard. You see, you can't print money if it has to be backed by gold. He took care of that and we are in tremendous debt to this day. In fact we pay more to service our debt (Thanks FDR and all the Dems who have followed him) than we pay for the military.

I could go on and on but I'd be wasting our time because you and most around here have your eyes and ears shut to reality and are thus "unreachable."

Scarily the liberal media, meaning most of it in the US, NBC, CBS, MSNBC, ABC, CNN, New York Times, Washington Post, and on and on.. nearly convinced people to elect an avatar through pushing the same lies day after day, week after week, year after year. They even convinced you. Luckily sanity ruled the day and the she wasn't able to fail up to the highest position on the planet.

So how will Trump help? First thing is we will do our best to enforce immigration law, not try to circumvent it to allow in future voters for the democrat party. Second is to ease regulations especially concerning energy. Lower energy prices and every drops in price. That's big one.

Anyway I hoped I've answered your question. And yes, at the end of the day people need to be able to afford a box of cereal and keep the heat on.

I along with the rest of the trash rest our case.
What a crock. What was the deficit spending under Trump? 7.9 trillion. In 4 years! Please oh genius go back to Jimmy Carter and moving forward and tell me
which Republican President wasn’t a massive deficit spender or had a recession start during his term?. Your whole argument is built on feelings. Not facts.

You think tariffs will create more American jobs? God, you are ignorant. Do you even know how tariffs work? Jesus, both the left and right wing economists balk at tariffs. Tariffs are a tax on Americans. Also, genius, you think other countries won’t retaliate with their own tariffs? Tariffs lead to trade wars and to massive inflation.

I also love your veiled white replacement theory you got going on. Sure seemed like a lot of Hispanics voted for Trump. Put a dent in your racist theory about how Democrats are “letting in “Illegal immigrants”

Remind me my unserious friend who scuttled the very conservative border bill recently developed by conservative senators? Was it the libtards or your boy Trump so he could run a campaign on fearing the brown people. Good luck deporting all those undocumented workers and not totally crashing the economy.


Yes, let’s go back to the gold standard. 🤣🤣🤣🤣🤣🤣

At this point I hope Trump does everything you say so can I imagine your puzzled face as you watch it all burn down. I am sure you will still use your “feeling” and somehow blame Democrats.
 

HomerJS

Lifer
Feb 6, 2002
37,088
29,423
136
lol the idiot just advocated for raising taxes on everyone except the rich. That’s the level of stupidity we are dealing with here. He’s advocating for deflationary measures as well which reduces people’s buying power. It’s always tax cuts, despite taxes being the lowest they’ve been in decades.

The irony here is that if you want to bring prices down, you, as in the consumer, can make it happen by boycotting those that are charging too much. But that requires work and sometimes it means going the diy route but we now live in the “I don’t know how to do things myself” generation.

You tell me how we fix stupid and I’ll tell you how democrats win elections.
Eggs not only as a food item itself are used in a shit ton of other food products. That would be a tough boycott.
 
Reactions: hal2kilo

ivwshane

Lifer
May 15, 2000
32,741
15,755
136
Eggs not only as a food item itself are used in a shit ton of other food products. That would be a tough boycott.

Not really. You can get them locally, you could go to Costco and get a shit ton as their prices barely changed. Again it’s just laziness on the part of the consumer.
 

cytg111

Lifer
Mar 17, 2008
24,281
13,773
136
He is gonna fuck it up, blame it on trade deals, China, Europe and migrants... Start building deportation camps.
 
Reactions: APU_Fusion

dank69

Lifer
Oct 6, 2009
36,568
31,323
136
... The top 10% of earners pay over 60% of all Federal taxes and 76% of all Federal Income Taxes. Yeah, I know they take home a lot and should be punished further for working hard.

...
Hilarious. CEOs work about 300 times harder than the guys digging ditches for minimum wage. Lazy trolling.
 

dainthomas

Lifer
Dec 7, 2004
14,672
3,557
136
So how will Trump help? First thing is we will do our best to enforce immigration law, not try to circumvent it to allow in future voters for the democrat party. Second is to ease regulations especially concerning energy. Lower energy prices and every drops in price. That's big one.

Why did he torpedo the border deal months ago if it was such an urgent problem?
 

nakedfrog

No Lifer
Apr 3, 2001
59,587
14,290
136
I don't think you're asking this in earnest but I will respond even though I'm quite sure you are unreachable.

First of all this: https://www.heritage.org/debt/comme...-far-outpaces-trump-racking-the-national-debt

Second, the Democrats always outspend (inflate) the economy. The Republicans are guilty as well but the Democrats are much worse. Biden caused this inflation simply by printing so much money.

You can talk about taxing the rich and paying your fair share all you want but it's nonsense. The top 10% of earners pay over 60% of all Federal taxes and 76% of all Federal Income Taxes. Yeah, I know they take home a lot and should be punished further for working hard.

"Fair" would mean everyone would pay the same rate, say 10%. But we don't do that we have a progressive tax rate. The more you make the higher percentage you pay. But that's not enough we need to tax the rich more, maybe the top 10% should pay all of the income taxes right? Bring that top rate up to 90% like in the good old Carter days, or don't you remember them?

You want less of something tax it. Want more out of the US economy, then tax it less. Want more US based business, then tax (tariff) off shore companies. Oh wait, there is a difference between taxes and tariffs. Even Biden knows this, which is why he kept the Trump tariffs, little known inconvenient fact.

Now, the price of things are always going to be higher on average moving forward in time as the government prints money and thus inflates the total without changing the actual value. Print more and it's all worth less. This is how Roosevelt started the Democratic collapse of the US economy in 1933 by suspending the gold standard. You see, you can't print money if it has to be backed by gold. He took care of that and we are in tremendous debt to this day. In fact we pay more to service our debt (Thanks FDR and all the Dems who have followed him) than we pay for the military.

I could go on and on but I'd be wasting our time because you and most around here have your eyes and ears shut to reality and are thus "unreachable."

Scarily the liberal media, meaning most of it in the US, NBC, CBS, MSNBC, ABC, CNN, New York Times, Washington Post, and on and on.. nearly convinced people to elect an avatar through pushing the same lies day after day, week after week, year after year. They even convinced you. Luckily sanity ruled the day and the she wasn't able to fail up to the highest position on the planet.

So how will Trump help? First thing is we will do our best to enforce immigration law, not try to circumvent it to allow in future voters for the democrat party. Second is to ease regulations especially concerning energy. Lower energy prices and every drops in price. That's big one.

Anyway I hoped I've answered your question. And yes, at the end of the day people need to be able to afford a box of cereal and keep the heat on.

I along with the rest of the trash rest our case.
I will take this post exactly as seriously as I should.

 

cytg111

Lifer
Mar 17, 2008
24,281
13,773
136
Holy wars of course. Making The Crusades Great Again.

Knights Of The Orange Mist
Crusades 2.0
 

HomerJS

Lifer
Feb 6, 2002
37,088
29,423
136
Still don't have an answer. I thought Kamala was the queen of word salad with no policies.

Trump said he's going to fix our crappy economy and I can't get an answer as to how. What did Trump tell you is his policy on the economy?

The same crappy economy that has a market for 100K watches.
 

VashHT

Diamond Member
Feb 1, 2007
3,176
1,101
136
The economy has been trending upwards and is already pretty good. And Trump will ultimately take credit for the good economy he inherited. And people will believe him. They'll believe him if he says the moon is made of cheese.

This election was never about the economy anyway. It was about the hate, stupid.
Yeah this is what I think will happen too, as soon as trump is in office suddenly the economy will be great, they'll be touting the 2% inflation rate as amazing and claim it was trump's doing. They'll also stop using fake prices for goods, eggs have been $2.49 for a dozen by me for a while, gas is $2.92 a gallon, so they'll just stop using made up prices like $8 for a dozen eggs.
 

uallas5

Golden Member
Jun 3, 2005
1,510
1,704
136
Yeah this is what I think will happen too, as soon as trump is in office suddenly the economy will be great, they'll be touting the 2% inflation rate as amazing and claim it was trump's doing. They'll also stop using fake prices for goods, eggs have been $2.49 for a dozen by me for a while, gas is $2.92 a gallon, so they'll just stop using made up prices like $8 for a dozen eggs.
Definitely this plus some other things:

-Bridges, roads, ports, etc. will improve because of Biden's infrastructure bill and Trump will claim responsibility
-Gas prices will go down because OPEC already announced last month that they are going to start to increase production in December and Trump will claim responsibility
-The first of the new chip fabs will start production and Trump will claim responsibility
-The world economy will continue its post-Covid recovery, US exports will increase and Trump will claim responsibility

Then the tariffs will take hold, interest rates will rise, the economy will slow down, massive tax cuts will blow up the deficit to unseen levels, and Trump will blame the Democrats
 

Pens1566

Lifer
Oct 11, 2005
12,496
9,520
136
I'm not so sure about the chip fabs ... a large chunk of that $$$ still hasn't gone out (at least to my 2nd hand knowledge) and the CHIPS act was specifically mentioned as one that the GQP was gonna repeal.
 

BoomerD

No Lifer
Feb 26, 2006
64,661
13,012
146
I’m not n economist, so this may just be talking out of my ass…but from where I sit, Trump fucked up the economy with his handling of the COVID pandemic. People were told to stay home…so every industry shut down. Ag, foods production, lumber and building ,materials, then transportation…the only “essential workers” were doctors and nurses, cops and firemen…and the low wage “schlubs” who worked in the grocery stores…which were struggling to fill the shelves.
Then, between the nearly worthless “stimulus” checks, people getting huge unemployment increases, etc., prices started to skyrocket. (remember the toilet paper shortages?)
 

manly

Lifer
Jan 25, 2000
12,185
3,108
136
I'm not so sure about the chip fabs ... a large chunk of that $$$ still hasn't gone out (at least to my 2nd hand knowledge) and the CHIPS act was specifically mentioned as one that the GQP was gonna repeal.
Aren't the fabs being built in AZ and OH? The GQP may not repeal if they realize where the largesse is flowing to, although I wouldn't rule it out either.

Boeing and arguably Intel are TBTF. I wouldn't expect a TARP-style bailout of Intel, but I think the feds are motivated to help them out within reason (of course, who knows what a new administration wants).
 

IronWing

No Lifer
Jul 20, 2001
70,732
29,883
136
I’m not n economist, so this may just be talking out of my ass…but from where I sit, Trump fucked up the economy with his handling of the COVID pandemic. People were told to stay home…so every industry shut down. Ag, foods production, lumber and building ,materials, then transportation…the only “essential workers” were doctors and nurses, cops and firemen…and the low wage “schlubs” who worked in the grocery stores…which were struggling to fill the shelves.
Then, between the nearly worthless “stimulus” checks, people getting huge unemployment increases, etc., prices started to skyrocket. (remember the toilet paper shortages?)
Even before COVID, Trump f'ed up the economy with his tariffs on feedstocks, stupid ag policies, and debt funded tax breaks for billionaires. Trump is an economic moron.
 
Reactions: nakedfrog

sactoking

Diamond Member
Sep 24, 2007
7,597
2,843
136


Moody's tells Nevada economic forum this morning that Trumpenomics, specifically immigration and tariff changes, is likely to tank the national economy and trigger a recession.
 

IronWing

No Lifer
Jul 20, 2001
70,732
29,883
136
View attachment 111186

Moody's tells Nevada economic forum this morning that Trumpenomics, specifically immigration and tariff changes, is likely to tank the national economy and trigger a recession.
WRT Trump and the economy, John Kerry's assessment of The Shrub's war making comes to mind: “Did I expect George Bush to fuck it up as badly as he did? I don't think anybody did.” Everyone with a brain expects Trump to fuck up the economy.
 
Reactions: nakedfrog

Paratus

Lifer
Jun 4, 2004
17,216
14,786
146
View attachment 111186

Moody's tells Nevada economic forum this morning that Trumpenomics, specifically immigration and tariff changes, is likely to tank the national economy and trigger a recession.
So would it make sense to dive into treasury bills for awhile from small and large cap stocks (retirement funds)?
 

nOOky

Diamond Member
Aug 17, 2004
3,085
2,098
136
I'm not so sure about the chip fabs ... a large chunk of that $$$ still hasn't gone out (at least to my 2nd hand knowledge) and the CHIPS act was specifically mentioned as one that the GQP was gonna repeal.

I'm currently in the middle of an engineering effort by our company to move manufacturing from Singapore to the US as we make super clean materials for the trays that hold the chips in the fabs. The buildings and equipment are already in place, and a lot of money has been spent to make these products here. If the CHIPS act goes away I'm pretty sure a lot of manufacturing jobs will go away with it. While personally it will save us a lot of work, it seemed like a good thing for America.

When I Google it experts are now saying Trump probably won't mess with the CHIPS act, but he will claim credit for anything that comes out of it of course.
 

pete6032

Diamond Member
Dec 3, 2010
7,757
3,292
136
The only policy I could see helping would be a more aggressive stance on oil and gas drilling expansion. It will reduce fuel prices in the short term at the cost of long-term environmental damage.

Things that are broken, but I haven't seen a Trump policy to fix:
  • Housing prices have skyrocketed in the last few years. Lots of local policies to blame but lack of federal intervention doesn't help.
  • Childcare costs through the roof. Costs need to be reigned in at a federal level or expand childcare tax credits. R's want people working and being good little soldiers contributing to GDP, but when childcare is $2k/month/$24k per year per child it really doesn't make sense for a lot of parents to work.
  • Health insurance cost insanity. Surely we will get ACA repealed and end up with $19.99/mo. plans on the health insurance exchange that cover nothing. Trump will blather about how he lowered the price of health care when in reality he did nothing.
 

IronWing

No Lifer
Jul 20, 2001
70,732
29,883
136
The only policy I could see helping would be a more aggressive stance on oil and gas drilling expansion. It will reduce fuel prices in the short term at the cost of long-term environmental damage.

Things that are broken, but I haven't seen a Trump policy to fix:
  • Housing prices have skyrocketed in the last few years. Lots of local policies to blame but lack of federal intervention doesn't help.
  • Childcare costs through the roof. Costs need to be reigned in at a federal level or expand childcare tax credits.
  • Health insurance cost insanity. Surely we will get ACA repealed and end up with $19.99/mo. plans on the health insurance exchange that cover nothing. Trump will blather about how he lowered the price of health care when in reality he did nothing.
Oil and gas companies are sitting on existing leases, waiting for prices to climb before they drill. Refinery capacity is the more significant chokepoint. Contrary to rightwing lies, the Biden administration did nothing to limit drilling for oil and gas. The administration put a moratorium on new leases until the industry started developing the leases they already held. Leasing too much ground, too early, is a money loser for the taxpayers as leases are auctioned. New leases become more valuable as current leases are developed so the moratorium protected taxpayers from low bid speculators scooping up leases on the cheap.

Another policy the Biden administration re-imposed was charging royalties for natural gas that the industry was flaring off. The industry was accustomed to not having to pay for the energy they were intentionally wasting. They can still waste the gas if they want, but they have to buy it first.
 
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