The Psychic Observer

Two things here. Whether or not we should try to be the world's manufacturing giant is up for debate. I don't see why that would be good for America but please explain to me the case for this. The second point is even if you believe we should be a manufacturing giant, why is this tariff policy the best way to achieve that? Aren't there better methods to grow manufacturing domestically?

You don't need to be an expert to know this is stupid.

You have an inability to detect sarcasm. Of course it was on purpose. That's the point.

What is the benefit of large scale economic catastrophe?

We import $3.5B from Russia, with a trade deficit of about $3B. No tariff. Look at Lesotho. You probably never even heard of it. We import $240M from them. They got a 50% tariff. That nullifies your argument that light trading countries should be exempt.

We have a case study for this. The washing machine tariffs from the first trump term. It's very straightforward. Tariffs went on washing machines, prices went up, imports down, a few us jobs added but nothing revolutionary. In all the cost bore for each job was around $800k which is a terrible ROI. The washing machine tariffs were a dud. Now he's trying it with everything. We know this won't work.

Am I wrong?

Why? Because he single handedly crashed the world economy.

I already went all cash in my 401k.

Look at how different he reacted when it was Biden.

This week sealed him as the worst president in US history.

Bloodbath. Wait till Monday

Powell took rate cuts off the table due to the inflationary tariffs. Market is toast.

There is nothing natural about this. It is a result of the tariffs.

Howard Lutnik back then vs Howard Lutnik now as treasury secretary completely contradicting himself.

Did the war end in 24 hours? Did he bring prices down on day 1? As to why he shouldn't impose harsh tariffs on anyone, it's obvious as to why of you watch the stock market and gdp projections, along with all of the other economic data. Unless of course you want a weakened America.

You're a millionaire who owns zero equities?

Hindsight is 20/20

Unemployment ticked up.

I always loved the "Trump just says stuff, he'll never do anything that stupid" argument.

Foxnews lead story this morning is about an SC student killed in a motorcycle accident with a pickup truck driven by an illegal.