jbycho 677 Posted May 13 46 minutes ago, SaintsInDome2006 said: WSJ ED Board just lashing Trump. Hilarious. Let's see if Donny can figure this out: Implement tariffs and double and triple down ===>>> market go down, baaaaaaad. Roll back tariffs and slink back quietly ===>>> market go up, gooooodddd. Why do you insist on proving how dumb you are? We already know. Share this post Link to post Share on other sites
SaintsInDome2006 440 Posted May 13 3 minutes ago, jbycho said: Why do you insist on proving how dumb you are? We already know. Quote The Great Trump Tariff Rollback The President started a trade war with Adam Smith. He lost. Rarely has an economic policy been repudiated as soundly, and as quickly, as President Trump’s Liberation Day tariffs—and by Mr. Trump’s own hand. Witness the agreement Monday morning to scale back his punitive tariffs on China—his second major retreat in less than a week. This is a win for economic reality, and for American prosperity. Make that a partial win for reality. The Administration agreed to scrap most of the 145% tariff Mr. Trump imposed on Chinese goods on April 2 and later. What remains is his new 10% global base-line tariff, plus the separate 20% levy putatively tied to China’s role in the fentanyl trade, for a total rate of 30%. In exchange, Beijing will reduce its retaliatory tariff to 10% from 125%. The deal is good for 90 days to start, as negotiations continue. Investors are cheering at this border-tax reprieve, since this is a step back from mutual assured trade destruction. Dan Clifton of Strategas calculates that Mr. Trump’s trade walkbacks add up to some $300 billion in tariff relief. That’s a huge tax reprieve. The notoriously woke and Trump-hating WSJ Editorial Board. Share this post Link to post Share on other sites
jbycho 677 Posted May 13 3 minutes ago, SaintsInDome2006 said: The notoriously woke and Trump-hating WSJ Editorial Board. Not the editorial board!! Share this post Link to post Share on other sites
SaintsInDome2006 440 Posted May 13 13 minutes ago, jbycho said: Not the editorial board!! As Trump once said, he may not have gone to Vietnam but he had his own personal Vietnam when he survived the 1990s Manhattan STD epidemic, so yeah I'm sure he's seen worse. 2 Share this post Link to post Share on other sites
jbycho 677 Posted May 13 7 hours ago, SaintsInDome2006 said: As Trump once said, he may not have gone to Vietnam but he had his own personal Vietnam when he survived the 1990s Manhattan STD epidemic, so yeah I'm sure he's seen worse. You should write for some liberal editorial team of Trump haters. Kind of like the He Man Women Haters Club on the Little Rascals. . Share this post Link to post Share on other sites
Strike 5,311 Posted May 13 Even CNN calling it a victory: https://www.cnn.com/2025/05/12/business/china-trade-deal-trump Share this post Link to post Share on other sites
jbycho 677 Posted May 13 5 hours ago, Strike said: Even CNN calling it a victory: https://www.cnn.com/2025/05/12/business/china-trade-deal-trump Uh oh. Gutterboy is going to have to run to x for some raging random lib's opinion to try to refute all this. Damn you cnn!! Share this post Link to post Share on other sites
5-Points 3,430 Posted May 13 US budget surplus surges to $258 billion in April, year-to-date deficit tops $1 trillion "The U.S. government posted a $258 billion budget surplus for April, up 23%, or about $49 billion, from a year earlier, reflecting strong tax receipts in the final month of the tax season and record collections of import duties, the Treasury Department said on Monday. Receipts last month were driven by a 16% increase in individual non-withheld tax payments, which totaled $460 billion. Individual refunds also rose 16% to $86 billion, detracting from net total budget receipts of $850 billion for the month." Trump bringing in more revenue while simultaneously letting people keep more of their hard earned money. The guy is a genius. Link Share this post Link to post Share on other sites
SaintsInDome2006 440 Posted May 13 8 hours ago, Strike said: Even CNN calling it a victory: https://www.cnn.com/2025/05/12/business/china-trade-deal-trump >>It was Trump, after all, who hit the pause button on his hardest hitting “reciprocal” tariff rates on roughly 100 countries. And it was Trump who first publicly floated significant de-escalation with China after, in private internal discussions, his team weighed even more dramatic off-ramps to step back from the brink. The bond market, supply chains blinking red and increasingly apocalyptic warnings from executives across major industries all served as critical accelerants for Trump’s personal pivots. The actions in some cases had the effect of hanging his own advisors out to dry hours after they’d been on television pledging there would be no exceptions, delays or revisions.<< Share this post Link to post Share on other sites
supermike80 1,851 Posted May 13 https://www.cnn.com/2025/05/13/economy/us-cpi-consumer-inflation-april Gee whiz. Inflation slowed in April. Here's my favorite quote: "However, prices didn’t rise as much as economists thought they would." Those darn economists!!!!!!! Share this post Link to post Share on other sites
Horseman 2,423 Posted May 13 4 minutes ago, SaintsInDome2006 said: >>It was Trump, after all, who hit the pause button on his hardest hitting “reciprocal” tariff rates on roughly 100 countries. And it was Trump who first publicly floated significant de-escalation with China after, in private internal discussions, his team weighed even more dramatic off-ramps to step back from the brink. The bond market, supply chains blinking red and increasingly apocalyptic warnings from executives across major industries all served as critical accelerants for Trump’s personal pivots. The actions in some cases had the effect of hanging his own advisors out to dry hours after they’d been on television pledging there would be no exceptions, delays or revisions.<< This all you got planned for today? 1 Share this post Link to post Share on other sites
SaintsInDome2006 440 Posted May 13 15 minutes ago, Horseman said: This all you got planned for today? Should be a light one. Good luck with the horses today I guess? Share this post Link to post Share on other sites
Strike 5,311 Posted May 13 29 minutes ago, supermike80 said: https://www.cnn.com/2025/05/13/economy/us-cpi-consumer-inflation-april Gee whiz. Inflation slowed in April. Here's my favorite quote: "However, prices didn’t rise as much as economists thought they would." Those darn economists!!!!!!! Eggs dropped 12.7%!!! TRUMP!!! Share this post Link to post Share on other sites
supermike80 1,851 Posted May 13 Budget surplus in April, inflation lower than expected. Crazy Share this post Link to post Share on other sites
Strike 5,311 Posted May 13 Just now, supermike80 said: Budget surplus in April, inflation lower than expected. Crazy And the Libs will just find another reason to bash Trump. Rinse and repeat. Share this post Link to post Share on other sites
Maximum Overkill 1,831 Posted May 13 Just now, Strike said: Eggs dropped 12.7%!!! TRUMP!!! This is amazing news!!! Trump is reviving the horrible Biden economy that's been crippling hard working Americans. Share this post Link to post Share on other sites
Frozenbeernuts 2,190 Posted May 13 2 minutes ago, supermike80 said: Budget surplus in April, inflation lower than expected. Crazy So weird how if people have a tiny amount of patience while Trump is trying to dismantle the terrible systems that were in place, we will see positive results. This really is bad news to the libs. Share this post Link to post Share on other sites
SaintsInDome2006 440 Posted May 13 3 minutes ago, Frozenbeernuts said: So weird how if people have a tiny amount of patience while Trump is trying to dismantle the terrible systems that were in place, we will see positive results. This really is bad news to the libs. Thoughts on raising the debt limit $4 trillion? Share this post Link to post Share on other sites
Ron_Artest 1,190 Posted May 13 7 minutes ago, supermike80 said: Budget surplus in April, inflation lower than expected. Crazy Budget surplus in April when tax payments are due? Wow that's Crazy! 1 Share this post Link to post Share on other sites
supermike80 1,851 Posted May 13 1 minute ago, Frozenbeernuts said: So weird how if people have a tiny amount of patience while Trump is trying to dismantle the terrible systems that were in place, we will see positive results. This really is bad news to the libs. Oh it's horrible news actually. But don't worry. The liberal press is NOW saying it's cause his tariffs, which went into effect on liberation day 4/2, haven't had enough time to go through the system yet. So don't stop panicking. Keep hiding your children and your wives Share this post Link to post Share on other sites
Maximum Overkill 1,831 Posted May 13 1 minute ago, supermike80 said: Oh it's horrible news actually. But don't worry. The liberal press is NOW saying it's cause his tariffs, which went into effect on liberation day 4/2, haven't had enough time to go through the system yet. So don't stop panicking. Keep hiding your children and your wives How will we ever afford Christmas for the Children? Share this post Link to post Share on other sites
Horseman 2,423 Posted May 13 4 minutes ago, Ron_Artest said: Budget surplus in April when tax payments are due? Wow that's Crazy! Up 23% from the same month last year. HTH. Share this post Link to post Share on other sites
supermike80 1,851 Posted May 13 6 minutes ago, Ron_Artest said: Budget surplus in April when tax payments are due? Wow that's Crazy! Weird. The budget deficit in April 2024 was $5.0 billion. April and May 2024 For the first two months of the 2024-25 fiscal year (April and May), there was a budgetary deficit of $3.9 billion, compared to a surplus of $1.5 billion reported for the same period of 2023-24. By month, there was a deficit of $5.0 billion in April and a surplus of $1.1 billion in May 2024. Share this post Link to post Share on other sites
Strike 5,311 Posted May 13 7 minutes ago, Ron_Artest said: Budget surplus in April when tax payments are due? Wow that's Crazy! Taxes are due all year long. April is just when you file a return. I'm getting a refund Share this post Link to post Share on other sites
Strike 5,311 Posted May 13 2 minutes ago, supermike80 said: Weird. The budget deficit in April 2024 was $5.0 billion. Trump's fault!! Share this post Link to post Share on other sites
Hardcore troubadour 15,092 Posted May 13 What’s the reverse of reverse? Tim? Share this post Link to post Share on other sites
Ron_Artest 1,190 Posted May 13 4 minutes ago, supermike80 said: Weird. The budget deficit in April 2024 was $5.0 billion. April and May 2024 For the first two months of the 2024-25 fiscal year (April and May), there was a budgetary deficit of $3.9 billion, compared to a surplus of $1.5 billion reported for the same period of 2023-24. By month, there was a deficit of $5.0 billion in April and a surplus of $1.1 billion in May 2024. No, the budget SURPLUS in April 2024 was $210B. Your own article said that surplus rose 23%. Math is hard Share this post Link to post Share on other sites
supermike80 1,851 Posted May 13 1 minute ago, Ron_Artest said: No, the budget SURPLUS in April 2024 was $210B. Your own article said that surplus rose 23%. Math is hard I guess. My quote says a deficit of 5 billion Share this post Link to post Share on other sites
Ron_Artest 1,190 Posted May 13 5 minutes ago, Strike said: Taxes are due all year long. April is just when you file a return. I'm getting a refund April is when you pay your back taxes, plus you get estimated taxes. This is why there is usually a budget surplus in April. But Father Trump is such an Alpha Share this post Link to post Share on other sites
Ron_Artest 1,190 Posted May 13 Just now, supermike80 said: I guess. My quote says a deficit of 5 billion Well your quote is wrong. Share this post Link to post Share on other sites
supermike80 1,851 Posted May 13 Just now, Ron_Artest said: Well your quote is wrong. Maybe. Could be. I dunno. Share this post Link to post Share on other sites
Frozenbeernuts 2,190 Posted May 13 22 minutes ago, SaintsInDome2006 said: Thoughts on raising the debt limit $4 trillion? The old system depended on constant printing and increasing of the budget. It takes time to bring something like the down and get it under control. If we just stopped immediately, the entire system would collapse. Trump wants to rework these systems where he can, but some of them take longer to change. Be patient. He's obviously doing more than any other president. 1 1 Share this post Link to post Share on other sites
Ron_Artest 1,190 Posted May 13 3 minutes ago, supermike80 said: Maybe. Could be. I dunno. There is no maybe. You're wrong. The surplus in April 2024 was $210B. There is no "could be" or you don't know, I'm telling you. Share this post Link to post Share on other sites
The Real timschochet 6,543 Posted May 13 I think some of you are celebrating just a little too early. The main effects of the tariffs have not been seen by the consumers yet. We ARE seeing them at the ports. The port of Long Beach is currently at 40% capacity. It will take months to bring it back to full speed even if the tariffs on China go back down to what they were before Liberation Day (at 30% they’re still significantly higher.) So I still think we’re looking at some immediate grim times ahead (and I still hope I’m wrong about that.) In the meantime I’m glad inflation has slowed. But it’s important to note that whenever this happened under Biden, all we heard was “it doesn’t matter if it slows, prices aren’t going down!” That argument resonated with the public and I suspect it will continue to do so. Share this post Link to post Share on other sites
The Real timschochet 6,543 Posted May 13 2 hours ago, supermike80 said: Maybe. Could be. I dunno. This is the point where, if I had written something like this, you would call me a liar. Share this post Link to post Share on other sites
thegeneral 3,040 Posted May 13 2 hours ago, Frozenbeernuts said: The old system depended on constant printing and increasing of the budget. It takes time to bring something like the down and get it under control. If we just stopped immediately, the entire system would collapse. Trump wants to rework these systems where he can, but some of them take longer to change. Be patient. He's obviously doing more than any other president. Trump is begging for lowering interest rates and QE measures. Share this post Link to post Share on other sites
SaintsInDome2006 440 Posted May 13 2 hours ago, Frozenbeernuts said: The old system depended on constant printing and increasing of the budget. It takes time to bring something like the down and get it under control. If we just stopped immediately, the entire system would collapse. Trump wants to rework these systems where he can, but some of them take longer to change. Be patient. He's obviously doing more than any other president. Thank you for the response. It certainly sounds like a great leap forward. Let us embody this spirit of independence, self-sustenance and self-defense more thoroughly in all fields of activity as we seek to make America great again. Share this post Link to post Share on other sites
supermike80 1,851 Posted May 13 17 minutes ago, The Real timschochet said: This is the point where, if I had written something like this, you would call me a liar. Awe Tim. You lie a lot. If someone like Ron misrepresented something. Id be ok with it. Youre in a whole other category Share this post Link to post Share on other sites
TheNewGirl 1,402 Posted May 13 2 hours ago, Strike said: Taxes are due all year long. April is just when you file a return. I'm getting a refund Right? I know the Feds and the state get money from me every month. April is just when I find out if I didn't withhold enough, or withheld too much. Share this post Link to post Share on other sites
Reality 3,120 Posted May 13 Good days for the US are bad days for the gutters & timmys of the world. Kinda tells you all you need to know. 1 Share this post Link to post Share on other sites
