He wants to "restore" manufacturing to America. It's just that everyone has to be poorer and manufacturing has to be subsidized at the expense of our incomes for manufacturing to come back.
American Living Standards Are A Sacrifice Trump Is Willing To Make
Trump and his allies say short-term economic pain, through higher prices on consumer goods, is worth the glory that tariffs will bring.www.huffpost.com
Traitor Watch - The 45 & 47 Thread
- Thread starter Wheelimus
- Start date
El Salvador is already charging a fee to house our deportees. They agreed to accept whoever we send no questions asked, and in exchange we're funding their mega prison.
I'm aware of the deal trump cut: and given what we've already seen trump do; he told el-salvador he could keep them.
Not only do we pay to house them but El Salvador gets a bunch of slave labor to boot. Not sure how anyone could think this was a good idea for the American taxpayer, much less humanity in general. Frankly it's a HUGE violation of the Constitution to boot. Every single one of the people sent there had their rights to due-process stripped. These aren't enemy combatants attacking US soil, which is really the only group who could really be stripped of said rights.
I think they are partially right. Wall street seemed to just getting better and better results despite what the average Joe was actually experiencing, so there was due to be a correction. The antics of this administration, though, has worsened the issue in pretty much every way possible. It's like throwing gasoline onto the fire essentially.
I kind of just stopped looking at Wall Street as any real indicator of economic performance about 10 years ago (2012, I think?):
Apple had posted a quarterly result and failed to meet analyst expectations (I think the newest iPhone didn’t do QUITE as well at the time), so the company lost almost 30% of its value in a big sell off.
Keep in mind Apple still posted hundreds of millions in PROFIT, performance most companies would KILL for even then, much less today. But because “line not go up” enough, investors, effectively, punished the company. That really hit me how out of touch Wall Street REALLY was with the rest of the economy.
Apple had posted a quarterly result and failed to meet analyst expectations (I think the newest iPhone didn’t do QUITE as well at the time), so the company lost almost 30% of its value in a big sell off.
Keep in mind Apple still posted hundreds of millions in PROFIT, performance most companies would KILL for even then, much less today. But because “line not go up” enough, investors, effectively, punished the company. That really hit me how out of touch Wall Street REALLY was with the rest of the economy.
Not punishing the company. Not meeting expectations meant that the stock had been going up too much for a while based on expectations.
The buffet indicator was at 230% before trump took office, so it was about 110% over inflated. The stock market really is just it's own thing with no actual connection to reality right now. We are in correction territory, and probably will be for a while.
That said: trumps actions will still cause the market to crash, even past the corrections stage. He is deliberately sabotaging international economics so he can get bribes.
Oh, no timing involved. The crashing is still trumps fault: it would have kept growing otherwise. No connection to reality, but mad profits for the rich, so they were incentivized to keep it going.