Politics

[Aaron N]

Way to doom and gloom??
You didn’t see the doom and gloom yet.
Can you also explain why we are having a recession with %4 employment rate and how we will come out of it?

Don’t worry about it, it’s just another engineered wealth transfer scheme. The rich will come out of it better than ever!

 

[Altitude sickness]

Trump is pressuring Jerome Powell to lower interest rates.

2 weeks ago I agreed. Right now, with the possibility that goods availability could temporarily be impacted.


1. Less stuff available to buy.

We do not want to more people chasing less goods= Inflation.

The rate can quickly be lowered once these tariff deals get cut.

But inflation is much slower to go away. I actually think Powell is doing the right thing at this point in time. Maybe we get a rate cut mid summer.

 

[Wiley64]

Trump is pressuring Jerome Powell to lower interest rates.

2 weeks ago I agreed. Right now, with the possibility that goods availability could temporarily be impacted.


1. Less stuff available to buy.

We do not want to more people chasing less goods= Inflation.

The rate can quickly be lowered once these tariff deals get cut.

But inflation is much slower to go away. I actually think Powell is doing the right thing at this point in time. Maybe we get a rate cut mid summer.

China has had tons of tariffs for over a decade and yet has remained in a deflationary spiral. I have no idea what will actually happen.

 

[Altitude sickness]

Just a flesh wound

The Houthis for the last couple years have been lulled into believing that at the worst there might be a bomb dropped in the desert, with maybe a donkey and camel injured by Biden and Loyd Austin’s team.

Just as the Tesla terrorists thought they were still in the cashless bail era.

 

[Doubleplay]

“Cutting taxes for the highest income levels”.

Please remember the government creates zero revenue. The top percentage tax payers pay by far most of the taxes. Approximately 70%. And that is income tax. If you factor in Capital Gains, estate taxes. They more than pay “their fair share”.

You could take ALL assets from the top taxpayers and it still will not fund the spending.

Do you personally expect to gain gross revenue every year to be able to increase your personal spending every year for 100 years. No you would cut spending.

So blaming the top tax payers being “allowed” by the government to keep some of their money. Is backwards and this “pay their fair share” mantra comes from where? The people taking your money.


Also, Clinton and Barney Frank caused the housing collapse of 2008. Forcing banks to give mortgages to people that could never pay it back.

The lenders bundled those loser loans into junk stock to get rid of it and they were blamed for being greedy by the same politicians that actually caused the mess, because they the lenders wanted to stay in business and make money.

Dead horse beating info below.

How Do We Tax the Top 1% — And What That Means for the Federal Budget

The top 1 percent pay a significant share of all federal taxes, while also benefitting disproportionately from preferential tax treatment.

www.pgpf.org

View attachment 676690

Of course you'll pay more when you make more.
All this graph tells me more than 1/4th of the income in the US is earned by the top %1, which is terrible for the future of the country.
Who in their right mind would find this kind of income disparity normal?
Go back couple decades when single income families were thriving and we had a strong middle class and look at the same stats and taxes paid and compare.
This is a path to self destruction.
I totally agree that we have to cut spending but at the same time we have increase our tax receipts.
Top down approach doesn't work.

 

[Doubleplay]

Trump is pressuring Jerome Powell to lower interest rates.

2 weeks ago I agreed. Right now, with the possibility that goods availability could temporarily be impacted.


1. Less stuff available to buy.

We do not want to more people chasing less goods= Inflation.

The rate can quickly be lowered once these tariff deals get cut.

But inflation is much slower to go away. I actually think Powell is doing the right thing at this point in time. Maybe we get a rate cut mid summer.

Agreed.
Trump is trying to lessen the damage caused by his tariffs.

 

[barryk]

https://www.foxnews.com/opinion/heres-what-trump-really-up-high-stakes-tariff-gambit

An interesting explanation of the Tariff Strategic Plan....concept seems sound to me....hope it works! One concern I have about manufacturing returning to the U.S. I'm all for it, and agree we need to do so, but I believe one of the reasons we lost manufacturing was due to high union labor costs. How will businesses in the U.S. be able to manufacture a marketable product with our labor cost obstacle? Cheaper labor from Mexico but we have to implement a workable vetting process.....none of this last 4 year over the border nonsense.

 

[spike.t]

Trump officials quietly move to reverse bans on toxic ‘forever chemicals’

EPA bids to change chemical risk evaluations, which could expose public to higher levels of PFAS and other pollutants

www.theguardian.com

 

[Altitude sickness]

^^^^Good point. But. income is a completely different conversation than the government fleecing people of their income. As the graph shows. They make 26% of all income. And pay 46% of the taxes.

We all fall for the class warfare they perpetuate. Also race, religion.

We have all seen this movie over and over. The politicians say they will take from the “rich” and redistribute it more fairly. The age old utopia on earth.

The problem always arises that the people confiscating property end up in the oligarchy. I shouldn’t have to name all the nations that have used this tactic in the past and those that still do.

It’s easier just to look at which nations are the poorest world wide. And I would bet with your money. That it started out with some politician saying he would equal the playing field. Now he is sitting in a gold palace and all the peasants he promised to help, now eat cake.

 

[luger6]

Trump officials quietly move to reverse bans on toxic ‘forever chemicals’

EPA bids to change chemical risk evaluations, which could expose public to higher levels of PFAS and other pollutants

www.theguardian.com

It's only a matter of time before the orange man will claim that smoking and coal mining are good for your health. And he will have a poster he has received from RFKJ that proves this fact.

 

[spike.t]

 

[Brent in Az]

Smoked

 

[Scott CWO]

You have to love it when the propagandists of Russian state media have a truthful discussion about the nature of their broadcasts. Of course, I suppose NPR would find little with which to disagree.

https://twitter.com/x/status/1908155397950611874

Yes, they don’t even get the benefits of a free press. It seems completely foreign to them because it is and they are not really journalists.

Contrarily, I also find it interesting how on NBC’s “Meet the Press” program that the “panel” is always three liberals against one conservative and that some are not even journalists. Add the liberal host and it’s four against one! Isn’t it “Meet the Press”, not meet the former liberal Biden, Obama or Harris advisors? The host thinks this is fair? The host and NBC don’t care or the panel would be two liberals with two conservatives and an independent host.

 

[Mekaniks]

Yes, they don’t even get the benefits of a free press. It seems completely foreign to them because it is and they are not really journalists.

Contrarily, I also find it interesting how on NBC’s “Meet the Press” program that the “panel” is always three liberals against one conservative and that some are not even journalists. Add the liberal host and it’s four against one! Isn’t it “Meet the Press”, not meet the former liberal Biden, Obama or Harris advisors? The host thinks this is fair? The host and NBC don’t care or the panel would be two liberals with two conservatives and an independent host.

Until we bring back the “fairness doctrine “ or some some version of it, there will be no real news reporting or journalism….

 

[John Wasmuth]

Yes, they don’t even get the benefits of a free press. It seems completely foreign to them because it is and they are not really journalists.

Contrarily, I also find it interesting how on NBC’s “Meet the Press” program that the “panel” is always three liberals against one conservative and that some are not even journalists. Add the liberal host and it’s four against one! Isn’t it “Meet the Press”, not meet the former liberal Biden, Obama or Harris advisors? The host thinks this is fair? The host and NBC don’t care or the panel would be two liberals with two conservatives and an independent host.

The host also thinks biological men can get pregnant so there’s that……….

 

[Altitude sickness]

Having Scott at the helm of tariffs and tax policy is reassuring.

 

[Brent in Az]

Much to the chagrin of the barstool economists.

+4 points

 

[Brent in Az]

Nancy Pelosi in 1996 talking about trade imbalance with China. Back when she could actually complete a full sentence.

 

[Longwalker]

If hard work made you rich, every farmer would be a billionaire. But they are not because the system does not reward labor, it rewards leverage. Far too much of the current version of Capitalism is about exploitation, not effort. USA is exploiting its capital leverage to piss On and piss Off its neighbours, allies and contractual partners. Look at what happened with Ukraine and Canada. Apparently all is fair if you have enough money.

 

[Pheroze]

I just read that NATOs Article 5 has only been invoked once. That was by the USA after 9/11 and the members responded with lives and treasure. This whole “USA carrying Europe” is disingenuous and misguided.