Trump: Likewise an old-fashioned term that we use groceries, it's an old-fashioned term, groceries.
A bag with different things in it
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agip wrote:
stocks down more than 2% after hours, after trump told us his royal diktat.
trillions and trillions destroyed in the maga burn pit.
you absolute idiots.
BREAKING: The S&P 500 has now erased -$1.9 TRILLION in 15 minutes
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Trump: If the Democrats got in, the entire economy would collapse.
(The democrats were already in and the economy was the envy of the world)
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Trump: I think you will remember today, it will be a day that hopefully you look back in years to come and say he was right, this turned out to be one of the most important days in the history of our country
Lolz: “hopefully “
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agip wrote:
agip wrote:
stocks down more than 2% after hours, after trump told us his royal diktat.
trillions and trillions destroyed in the maga burn pit.
you absolute idiots.
BREAKING: The S&P 500 has now erased -$1.9 TRILLION in 15 minutes
Yes, but you no longer have to worry about pronouns.
Also you can freely use the word retard again.
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Oldrunningguy wrote:
Trump: If the Democrats got in, the entire economy would collapse.
(The democrats were already in and the economy was the envy of the world)
I GOP texts telling me that if I voted for Harris, the economy would crash.
Well, I did. And it did.
The Republicans were right again.
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Gary/Trump2028 SCOURING the web for positive spin tweets. Everyone standby
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We are cooked. Markets are gonna be a bloodbath tomorrow.
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We all warned you.
We repeatedly warned you.
His VP warned you.
His Chief-of-Staff warned you.
His Defense Secretary warned you.
His Joint Chiefs-of-Staff warned you.
Historians warned you.
Pundits warned you.
Former Presidents warned you.
His sexual assault victim(s) warned you.
World economists warned you.
Judges warned you.
WE ALL WARNED YOU.
You looked the other way.
You said it was ALL fake news because he told you it was fake news.
You said he was a great President because he said he was.
You believed his economy was great because he said it was.
You believed he wasn't a crook and a liar because he said so.
Just remember, as this sh!t show gets worse.
You were warned.140 -
Since the Great Depression the US has had 14 recessions. But this is the first one to have a formal White House kick off party to announce it in advance.
Murica!
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Pretty simple. When you are running $2 trillion annual deficits while only bringing in $5 trillion in annual revenue, you need to do two things or continue to spiral towards default: increase tax revenue and decrease spending. Trump is essentially trying to do both. Biden mostly increased spending while minimally increasing revenue, which is a big reason we had inflation and the value of your money declined over 20% during his time in office (which is worse than a tax).
210 -
Pay now or broke later wrote:
Pretty simple. When you are running $2 trillion annual deficits while only bringing in $5 trillion in annual revenue, you need to do two things or continue to spiral towards default: increase tax revenue and decrease spending. Trump is essentially trying to do both. Biden mostly increased spending while minimally increasing revenue, which is a big reason we had inflation and the value of your money declined over 20% during his time in office (which is worse than a tax).
This will cause inflation, not prevent it.
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Pay now or broke later wrote:
Pretty simple. When you are running $2 trillion annual deficits while only bringing in $5 trillion in annual revenue, you need to do two things or continue to spiral towards default: increase tax revenue and decrease spending. Trump is essentially trying to do both. Biden mostly increased spending while minimally increasing revenue, which is a big reason we had inflation and the value of your money declined over 20% during his time in office (which is worse than a tax).
You’re demonstrating your absolute ignorance. Tariffs will be massively inflationary (which is apparently worse than a tax!). Furthermore, the big reason we had inflation during Biden’s first few years was Trump’s complete mismanagement of COVID. If Biden’s spending caused inflation then why did inflation come down so much over the last few years with no decrease in spending?
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Pay now or broke later wrote:
Pretty simple. When you are running $2 trillion annual deficits while only bringing in $5 trillion in annual revenue, you need to do two things or continue to spiral towards default: increase tax revenue and decrease spending. Trump is essentially trying to do both. Biden mostly increased spending while minimally increasing revenue, which is a big reason we had inflation and the value of your money declined over 20% during his time in office (which is worse than a tax).
I'm sure crashing the private sector with tarrifs, and crashing the public sector with cuts will definitely make things better. For sure!
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agip wrote:
agip wrote:
stocks down more than 2% after hours, after trump told us his royal diktat.
trillions and trillions destroyed in the maga burn pit.
you absolute idiots.
BREAKING: The S&P 500 has now erased -$1.9 TRILLION in 15 minutes
Biden’s proposed balanced budget solution on his way out of office would have had worse impacts on markets.
He proposed increasing federal revenue from $5.1 trillion per year to $8.7 trillion per year (a 70% tax hike, primarily on corporations and shareholders) and increasing spending from $7 trillion a year to $8.9 trillion per year. Trump is going the opposite way on spending with budget cuts and is increasing taxes on everybody (not just the wealthy) through tariffs. Unlike tax Biden’s proposed tax hikes, the tariffs actually incentivize Americans to purchase US goods. A 70% tax hike (primarily on corporations and shareholders) would kill the stock market, as it makes owning stocks more expensive.
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Bill Kristol
@BillKristol
·
8h
I guess today is Liberation Day from an international economic system that produced by far the greatest increase of global prosperity and well-being in human history.70 -
Pay now or broke later wrote:
A 70% tax hike (primarily on corporations and shareholders) would kill the stock market, as it makes owning stocks more expensive.
I guess this is the place for the obligatory "the markets are not the economy"--except that a lot of Americans' wealth is tied to the markets.
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