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]