Been listening for the past hour to Trump deliver a key economic policy speech. Absolutely brilliant common sense policy. The marathon policy speech continues as I type this and all I can think is his opponent has only offered to raise corporate tax and stick it to the grocers. Complete economic bombs..... Good Lord people... Wake up and get over this thing I keep hearing called TDS. If you want to build a race car, you call Mario Andretti, not the high school shop foreman even if you like the shop foreman better.... The road back to prosperity runs through Donald Trump. It is simple as that.
I'm sure Kamala and Company have been frantically taking notes and figuring out how to weave them into her policy. I thought Jobie was the Plagiarist-in-Chief (PIG). Shows what little I know . . .
What part most spoke to you? I've seen a good amount and I'm afraid he's rambling incoherently for a lot of it. I've seen a lot of pushback on his "taxing" foreign nations like crazy too. My understanding is that he's talking about massive new tariffs, which, doesn't sound good?
Trump does talk too much. A fault I am willing to overlook….. The slashing of corporate tax on American manufacturers to incentivize their staying in America was a big one. People do not realize just how burdensome corporate tax is and how it affects everything else from the investor to the consumer. But the big one to me was his suggestion of inventorying the Fed and eliminating the fluff and fat. The Fed is a monster that is consuming the rest of us. If the Fed operated like my office operates, we would have a budget excess every year.
Okay, but to the point of corporate tax, he already slashed that in his first term. It didn't magically fix everything. Why should I believe a second massive gift to corporate America will work? On his other key point: tariffs, does your office order anything from out of country? Do you think making it much more expensive to get out of country good would save you money and would you then pass those savings on to consumers?
The purpose of the tariffs in this instance is not to reduce prices . . . it is to repatriate lost jobs. More generally it is intended to make the products of the domestic workforce more attractive than imports, even if jobs have not been lost to other nations.
Not really sure we need to repatriate jobs if Trump is elected. Unemployment rate ticked down to 4.2% and we are heading into the Holiday Season. Fed is projected to cut rates 100 points over the next 12 months which should certainly spur construction and CAPX spending. Major planks of Trump's platform is lock down the border which constricts the labor pool and drill baby drill which places additional labor demands on the pool. EV mandates will more than likely be scaled back thus workers from the auto industry will not need to transition to new jobs. Then need to also consider the other misc. labor demand areas such as recruitment by the Armed Services is way below target., boomer retirement and ect.. Still need to use tariffs to protect domestic production of vital materials such as steel. But tariffs as a source of general revenue - I don't agree with.
Gene, I know you have been groomed to believe this. But this isn't a gift to "the man". If you want to witness a gift to corporate stuffshirts, just look at the legacy of Biden's Inflation Recovery trillions and take a good hard look at where that went and then go look at the beneficiaries corporate stock profiles.... When businesses (like me) are not strangled with the highest corporate tax burden on the globe our employees do better. Retirees who live off 401K returns do better... Everyone does better. I said it before that if you strangle the goose, nobody gets a golden egg. Yes we do buy some offshore goods. It is what we have to do to be competitive in a bid market. We live in a global economy and there is no going back.. I am more invigorated by the prospect of making the environment more conducive to manufacturers keeping their facilities within our borders. I don't have to elaborate on the benefits we all will enjoy from this.
The tax cuts and jobs act slashed them nearly in half for most businesses. Why didn't that have the effect you think it should? I mean, do you really think introducing massive tariffs on foreign goods will bring down prices domestically? Won't Trump's plan just drive your costs and then prices way up?
Not exactly . . . it makes everything more affordable for those folks who get jobs, or get better jobs as a result.
I have never looked at tariffs as being a reliable a source of revenue, even though they don't hurt from that perspective. Any increase in revenue is only nominal if the tariff is high enough to level the playing field enough for domestic product to be competitive. Once those products are made stateside, the benefits of increased employment far outweigh any monies raised from the imports.
The minimum wage is a launching point . . . a menial job, requiring no experience and no training. If folks want to make more than minimum wage, they need to suck it up and make themselves more than a commodity. They need to make a difference. A minimum wage job is not supposed to be a destination. Paying $15 hourly to folks who do not produce just increases the cost of living for all consumers of their employer's product. The inflation we are experiencing can be partially attributed to Trump's COVID relief actions and to Biden's foolhardy faceplant into the empty green energy pool, but only some of it. Buckling under to the Fight for 15 was the root cause. The resultant inflation was very foreseeable. The long and short of it is this . . . It's wiser to tariff imports and recapture good jobs for folks willing to do them well than it is to pay more to folks who have menial jobs, and do them poorly.
I’d like to know what the liberals on this forum think of Kamunala’s flip-flopping on issues such as fracking, the border wall, the police, etc. I understand that some folks here may have supported Kamunala’s policies in the past because of them being pro-socialist and pro-communist, but now that she’s basically morphed into Donald Trump on the issues, do they still support her? If you respond, please let us also know if you think she’s flip-flopping just in order to make herself more electable.
And the sad thing is.... That isn't a cartoon. It is genuine news..... Can you just imagine had Trump waffled the least bit on anything the negative press he would encounter? All this wouldn't be so bad if our media weren't so compromised anymore.
