2024 US Presidential Election

[Jammer]

As Stock Market Plunges Over Tariffs, Trump Takes In The Greens At His Golf Course - "THIS IS A GREAT TIME TO GET RICH," Trump wrote from Mar-a-Lago as Wall Street and MAGA continue to panic over his tariffs.

 

[Lilah]

 

[Watasha]

Amazing. Whining over the national debt and then, in the very next breath, defending the Trump tax cuts. And then, we wonder why we were consistently spending more than we were collecting in revenue.

By the way, you conveniently forgot to include the corporate tax rate set at 21% by Trump (it was 35% prior). This disproportionately benefits the wealthy exclusively. His corporate tax cuts are set to expire soon, and now he wants to lower them even further in his new tax proposal.

But you're okay with the Trump tax cuts, which have widened economic inequality. You're all over the place, my guy.

Sorry, man. The worst part is how completely self-inflicted all this bullshit is, thanks to this unhinged administration. And we were warned about this before the 2024 election, which is even sadder. Could have easily been avoided.

Corporations leaving the United States for lower tax havens are part of what destroys the middle class. That was happening under the Obama administration and accelerated during the first Trump administration.

Corporate taxes are an expense and are largely passed on to consumers.

I also pointed out that the Congressional Budget Office drastically underestimated the revenues from the Tax Cuts and Jobs Act.

These are all reasons why I do not engage in back-and-forth discussions. Most people are not informed enough to have a solid conversation without falling back on cheap talking points.

 

[Luman]

I am looking forward to seeing and buying many products that will have "Made in the U.S.A." on the item or packaging. High-quality American manufacturing is going to return, and President Trump is doing the right things to bring this about.

 

[Jammer]

What is this circular, meaningless drivel? Any of you supporters want to Trumpsplain what he's saying?

This quote from Maritime News really sums up the current mental condition of Trump;

"Consider the amount of support this current administration seems to receive from certain segments of the "religious" community and supposed "Christians" when the leader's words and actions seem to so perfectly embody the 7 deadly sins. I know of no other person on earth who seems to embody more strongly, publicly, or consistently the traits of pride, greed, wrath, envy, lust, gluttony, and sloth."

 

[Luman]

 

[IYIiKe]

Corporations leaving the United States for lower tax havens are part of what destroys the middle class. That was happening under the Obama administration and accelerated during the first Trump administration.

Corporate taxes are an expense and are largely passed on to consumers.

I also pointed out that the Congressional Budget Office drastically underestimated the revenues from the Tax Cuts and Jobs Act.

These are all reasons why I do not engage in back-and-forth discussions. Most people are not informed enough to have a solid conversation without falling back on cheap talking points.

Drastically understated, to the tune of a cost of 4.5 trillion?

I cannot wait to hear the jokes about which million or billion dollar programs are going to be tossed onto the funeral pyre in the name of tax cuts.

Maybe there will be a statement about the estate tax, even though it does not affect any estate worth less than one million dollars. Or perhaps a reference to transgender people. Or maybe, if you say "Biden" three times, it somehow explains the cliff the administration is driving the economy off of.

 

[Anomalous]

Never thought I would link to a Stand-up Maths video in this thread, but here we are.

 

[Luman]

The DJIA, S&P 500, and NASDAQ indices were about the same one year ago as today. This current drop is fear-driven, and this panic will subside over time. The economy is fine.

People who cannot afford to wait it out should not invest in the stock market.

 

[Jammer]

It appears that some wealthy oligarchs are unhappy with the current state of the Trump-era tariffs.

The New Civil Liberties Alliance states that the president's use of emergency powers to impose these tariffs is unlawful.

This is damage control. They have the insider connections to stop these tariffs; instead, they want a public venue to demonstrate their opposition so that they can achieve plausible deniability. After the last tariff debacle, the GOP lost elections for decades.

 

[Luman]

 

[Anomalous]

View attachment 60413

You were complaining about the price of eggs under Biden, and now that Trump is intentionally crashing the stock market, you're saying that the Great Depression was not even that bad and everyone just needs to get over it.

 

[Luman]

You were complaining about the price of eggs under Biden, and now that Trump is intentionally crashing the stock market, you're saying that the Great Depression was not even that bad and everyone just needs to get over it.

The markets started recovering this afternoon, with huge gains, after I posted that meme this morning. No doubt it will drop and recover again as the tariff and trade negotiations continue.

China and other developing Asian nations had tariffs after World War II to help reset and grow their economies, and the United States supported this. That was eighty years ago. For decades, we have been getting taken advantage of, but Trump has been the only president who has taken on the task of correcting this situation.

China steals our technology, sells us their third-rate products, and American factories cannot compete. Trump is a master of deal-making, and this is going to change. He is restructuring the American economy, and we will return to making products and providing services the way we used to — and probably even better.

 

[just1morething]

That's who I voted for:

 

[grate_biff]

 

[ZFire]

View attachment 60413

Hoover (1929), Nixon (1974), Reagan (1987), Bush Jr. (2002, 2008), and Trump (2020, 2025).

Notice the pattern? All of these market crashes happened under Republican administrations. Then Democratic presidents come in afterward to repair the damage.

And people still think Republicans are the experts on the economy? Clown world.

 

[Luman]

Hoover (1929), Nixon (1974), Reagan (1987), Bush Jr. (2002, 2008), and Trump (2020, 2025).

Notice the pattern? All of these market crashes happened under Republican administrations. Then, Democratic presidents come in afterward to repair the damage.

And people still think Republicans are the experts on the economy? Clown world.

Many of the declines happened due to economic or other circumstances. The Democrats put fear and panic into the populace.

The 1974 stock market crash was mainly due to the OPEC oil crisis.

The 1987 downturn: "Black Monday was a culmination of economic concerns, investor panic, and the use of new computer-based trading strategies. While the exact triggers and sequence of events are debated, combining these factors led to a dramatic and unprecedented drop in the stock market."

2002: 9/11 and other reasons.

2008: "The 2008 financial crisis resulted from a convergence of multiple factors, including a housing bubble, risky mortgage lending, complex financial products, and inadequate regulation—not just subprime mortgages alone."

2020: COVID-19.

2025: Trump is resetting an unsustainable economy. The interest on our national debt is currently one trillion a year and will get worse every year unless this is addressed.

 

[Anomalous]

 

[Elmer B Fuddled]

This you?

View attachment 59951

And the cons get richer.

 

[Jammer]

The US is allegedly paying El Salvador $20,000 per person. That is enough to feed and house their families in America. Instead of benefiting from their labor and taxes, we are taking pleasure in torturing them to death.

Additionally, with Trump backing down on various electronic tariffs yesterday:

Finished products have no tariffs. For example, Samsung and Apple phones manufactured overseas are not affected.

However, raw materials and parts used by US companies to manufacture products domestically are subject to tariffs. For instance, Intel just opened a factory in the US to manufacture some of their CPUs.

On top of that, US exports are now being hit with tariffs in China and other markets. The US no longer has credibility as an honest broker or a dependable ally on the international stage. The US Dollar and financial systems as the anchor of global finance — that is gone. The economy is now driven by fear and uncertainty, when it had experienced the best post-COVID recovery during the Biden years and up until just a few months ago.

Trump is an absolute idiot.

 

[hmmmmok]

Wow, another forum I frequent banned all political discussions about seven years ago because things got too heated, and the moderators were spending a lot of time dealing with it.

I have not read all the posts, but kudos to anyone who can debate without becoming intolerable.

 

[Jammer]

Wow, another forum I frequent banned all political discussions about seven years ago because things got too heated, and the moderators were spending a lot of time dealing with it.

I have not read all the posts, but kudos to anyone who can debate without becoming intolerable.

Welcome to the forum! Everyone here gets along like family. It's amazing.

 

[ZFire]

The 1974 stock market crash was mainly due to the OPEC oil crisis.

Rising inflation and the Watergate scandal created economic and political instability. It's funny, though, that Nixon and the Watergate scandal are rather tame now compared to all the heinous things Trump has done.

The 1987 downturn: "Black Monday was a culmination of economic concerns, investor panic, and the use of new computer-based trading strategies. While the exact triggers and sequence of events are debated, combining these factors led to a dramatic and unprecedented drop in the stock market."

Nah, Reagan helped foster the mentality that 'greed is good,' which became the new norm for our society. He pumped up the markets as they showed signs of weakness. Then you add his devastating economic policy of deregulation and trickle-down economics, where he gave corporations free rein to act on their greed and interests. The result? Massive damage that takes decades to repair.

When Regan's record debts and deficits finally caught up with us, it took 2 Clinton terms to clean up the mess, and the job wasn't even finished after he was gone.

2008: "The 2008 financial crisis resulted from a convergence of multiple factors, including a housing bubble, risky mortgage lending, complex financial products, and inadequate regulation—not just subprime mortgages alone."

Oh, gee, what a mystery why there weren't any regulations leading up to the financial crisis under Bush. Definitely some innocent oversight. /s

 

[Luman]

Wow, another forum I frequent banned all political discussions about seven years ago because things got too heated, and the moderators were spending a lot of time dealing with it.

I have not read all the posts, but kudos to anyone who can debate without becoming intolerable.

This is not the first presidential thread here. People insult others' opinions at times, but as far as I can see, nobody has gone off the deep end too badly.