DiabloWags said:

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Cal88 said:

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Apple will "eat" most of the increase in production costs due to tariffs, which is a good thing, because they are notorious tax evaders.

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Cool story.

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Pricing, demand elasticity - Econ 101.

Cal88 said:

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DiabloWags said:

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Cal88 said:

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Apple will "eat" most of the increase in production costs due to tariffs, which is a good thing, because they are notorious tax evaders.

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Cool story.

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Pricing, demand elasticity - Econ 101.

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Yeah, these tariffs are really elastic.
I might have to add you to my ignore list so that you can join the "others".

DiabloWags said:

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Cal88 said:

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DiabloWags said:

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Cal88 said:

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Apple will "eat" most of the increase in production costs due to tariffs, which is a good thing, because they are notorious tax evaders.

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Cool story.

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Pricing, demand elasticity - Econ 101.

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Yeah, these tariffs are really elastic.
I might have to add you to my ignore list so that you can join the "others".

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Cal88 might have to sit on the Naughty Chair. Ha!

Trump leaving D.C. before the work week is over is even worse than previously noted.

A man’s gotta have a code. Trump’s code is that the Saudis are paying him millions to host the golf tournament, so that’s where he is. pic.twitter.com/3hd5Ay8OiA

— Ron Filipkowski (@RonFilipkowski) April 4, 2025

chazzed said:

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Trump leaving D.C. before the work week is over is even worse that previously noted.

A man’s gotta have a code. Trump’s code is that the Saudis are paying him millions to host the golf tournament, so that’s where he is. pic.twitter.com/3hd5Ay8OiA

— Ron Filipkowski (@RonFilipkowski) April 4, 2025

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"Suckers and losers" over there. Millions of dollars in bribes over here. Golly. What will tRump do?

MEANWHILE, HE JUST DESTROYED $2.5 TRILLION IN THE U.S. STOCK MARKET TODAY.

MAGA FOR MORONS!!!

He gets more done in a day than the Autopen did in a month.

TARIFFS: In 1988, Donald Trump declared that foreign nations should be made to pay tariffs. In 1996, Nancy Pelosi urged Congress to support reciprocal tariffs, a sentiment echoed by Bernie Sanders in 2008 and Barack Obama in 2018.pic.twitter.com/AWaz2I7F6O

— @amuse (@amuse) April 4, 2025

REPORT: Bank of Korea, financial regulators to convene emergency meeting in response to Trump tariffs

— Election Wizard (@ElectionWiz) April 4, 2025

THE ORANGE **** STAIN DID THIS.

NOT BIDEN.

ANOTHER GREAT DAY OF WEALTH DESTRUCTION FOR AMERICANS!

THIS IS HOW YOU MAGA!!!

Anyone who has ever campaigned on helping the middle class

This is what it looks like

It requires restructuring trade deals that only benefit well connected elites and rebalancing them in favor of American workers

Oh your stocks are down 10%? Mine too

But guess what? Middle…

— DC_Draino (@DC_Draino) April 4, 2025

It’s quite simple:

Tariffs help the middle class

Rigged trade relationships help the rich

People are exposing who they truly work for right now

It’s ok to support the rich, but just don’t pretend you care about helping the middle class when you actually don’t

— DC_Draino (@DC_Draino) April 4, 2025

Trump is also the dumbest president in Nicolas Cage's lifetime…..and he is a vampire that has been around even before George Washington.


Seen here during the Civil War

Make no mistake, TARIFFS cripple the MIDDLE CLASS.

And 68% of our GDP comes from consumption.

Higher prices, higher taxes, higher debt, lower growth and layoffs coming.

And with a Recession, that budget deficit will SOAR.

"Oh, Trump is so dumb."

"Trump [Navarro (Harvard), Lutnick (Cantor Fitzgerald), Lighthizer (Georgetown)] ... has no plan."

Unspoken here on Dumb-f-ckistan: what's hidden underneath, just like USMCA. President Trump is solely responsible for raising the red flag of China's economic danger. Clinton ushered them into the tent. The MIC and nattering nabobs have been focused on Russia and Forever Wars for decades. President Trump's plan has always been peace through economic strength.

When you see all these countries lining up to make trade deals, remember that’s just the first step. The real objective is cutting off China’s ability to use them as transshipment hubs to dodge U.S. trade restrictions. Sooner or later, they’ll have to choose: continue acting as…

— Hans Mahncke (@HansMahncke) April 4, 2025

Any trade deal with Vietnam is meaningless unless it tackles Chinese transshipments—China funneling goods through Vietnam to circumvent U.S. trade restrictions. So this is far from done and dusted. (Trump understands this, obviously, so the operative word is agreement, not zero.) pic.twitter.com/ZYTTJ3DHeh

— Hans Mahncke (@HansMahncke) April 4, 2025

Trump's biggest asset now is that he has been on record since the 1980s praising tariffs, so world leaders don't think he's bluffing.

They're desperate for ANY deal.

— End Wokeness (@EndWokeness) April 4, 2025

gifted/siggy by darrin bell

smh said:

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gifted/siggy by darrin bell

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DRIVE-BY MEDIA: The current 'upset' related to the stock market is the perfect example of why the American people no longer trust the media. Throughout Biden's administration we were told the economy was perfect but with Trump in office it is cataclysmic.

h/t @PolitiBunny pic.twitter.com/deD8Inl5bf

— @amuse (@amuse) April 4, 2025

movielover said:

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smh said:

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gifted/siggy by darrin bell

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DRIVE-BY MEDIA: The current 'upset' related to the stock market is the perfect example of why the American people no longer trust the media. Throughout Biden's administration we were told the economy was perfect but with Trump in office it is cataclysmic.

h/t @PolitiBunny pic.twitter.com/deD8Inl5bf

— @amuse (@amuse) April 4, 2025

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The Dow Jones is at 38,220 after today's trading. That's a full 4,000 points lower (nearly 10 percent lower) than your misleading chart indicates. Also, it ignores that the current Trump downturn is due to idiotic economic policies. This is a totally preventable market meltdown not driven by economic conditions.

NEW: Scott Jennings just blew a hole in the Democrats’ tariff outrage—exposing the economic hypocrisy they don’t want you to see.

While the Left panics over Trump’s tariffs, Jennings points out something they’ve conveniently forgotten: they’ve spent years demanding higher… pic.twitter.com/r29VE68Qw1

— The Vigilant Fox 🦊 (@VigilantFox) April 5, 2025

Eastern Oregon Bear said:

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movielover said:

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smh said:

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gifted/siggy by darrin bell

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DRIVE-BY MEDIA: The current 'upset' related to the stock market is the perfect example of why the American people no longer trust the media. Throughout Biden's administration we were told the economy was perfect but with Trump in office it is cataclysmic.

h/t @PolitiBunny pic.twitter.com/deD8Inl5bf

— @amuse (@amuse) April 4, 2025

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The Dow Jones is at 38,220 after today's trading. That's a full 4,000 points lower (nearly 10 percent lower) than your misleading chart indicates. Also, it ignores that the current Trump downturn is due to idiotic economic policies. This is a totally preventable market meltdown not driven by economic conditions.

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Correct.

Ive seen this stupid misleading chart plastered all over Facebook by Trumper's that are dumb as ****.

Aside from inflation, the economy was growing well in 2024, highlighted by remarkable strength in consumer spending. Q4 GDP growth was 2.4%.

You can kiss that number GOODBYE.
JP Morgan is now calling for a Recession.

The MAGATS are idiots.

DiabloWags said:

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Make no mistake, TARIFFS cripple the MIDDLE CLASS.

And 68% of our GDP comes from consumption.

Higher prices, higher taxes, higher debt, lower growth and layoffs coming.

And with a Recession, that budget deficit will SOAR.

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Diablo,

I remember my grandfather in 1913 heard about the new law which instituted the collection of a tax on everyone's income, and he promptly got on a train for Washington to protest the establishment of an income tax. It is my understanding that the government was paid for by tariffs prior to that. That would have been 137 years with no income tax.

You seem to have studied tariffs extensively, while I know literally nothing about them. Can you describe why America went to an income tax in 1913? I'd be interested in what you have to say. You can also PM me instead, if you like.

SFCB

Revenue Act of 1913.

Federal Income taxes were reinstated essentially as a substitute for high tariffs at the time.

https://en.m.wikipedia.org/wiki/Revenue_Act_of_1913#:~:text=Income%20tax,-The%20Revenue%20Act&text=Farmers'%20Loan%20%26%20Trust%20Co.,subject%20to%20the%20income%20tax.

In Biden's term no jobs were created for Americans.

SFCityBear said:

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DiabloWags said:

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Make no mistake, TARIFFS cripple the MIDDLE CLASS.

And 68% of our GDP comes from consumption.

Higher prices, higher taxes, higher debt, lower growth and layoffs coming.

And with a Recession, that budget deficit will SOAR.

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Diablo,

I remember my grandfather in 1913 heard about the new law which instituted the collection of a tax on everyone's income, and he promptly got on a train for Washington to protest the establishment of an income tax. It is my understanding that the government was paid for by tariffs prior to that. That would have been 137 years with no income tax.

You seem to have studied tariffs extensively, while I know literally nothing about them. Can you describe why America went to an income tax in 1913? I'd be interested in what you have to say. You can also PM me instead, if you like.

SFCB

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SFCB, it is well documented that the Democrat party now supports the elites, the destitute, and illegal immigrants. They've forsaken the middle class for decades.

The UniParty embraced our movement to a "service economy", which cost us 90,000 factories and millions of good jobs.

Obviously, we can't save every business, but critical, national-security industries like steel and aluminium factories, as well as pharmaceuticals, should be priorities.

This clip gets very good around the 2-minute mark where Rick Santelli blasts the CNBC panel for gaslighting the audience about Trump tariffs.

movielover said:

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In Biden's term no jobs were created for Americans.

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Too easy. I'll let someone else dunk on you this time.

Eastern Oregon Bear said:

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movielover said:

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In Biden's term no jobs were created for Americans.

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Too easy. I'll let someone else dunk on you this time.

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I have him on IGNORE now.
He's pathetically stupid.

He is clearly a psychopath.

“Very good because I won,” Trump said of his golf tournament. “It’s good to win. You heard I won, right? Did you hear I won? Just to back it up, you were there, I won. I like to win.” pic.twitter.com/SydBFCsyaQ

— Kit Maher (@KitMaherCNN) April 7, 2025

"Oh, Trump is so dumb!"

Everyone taking a victory lap over other countries offering to reduce their tariffs needs to take a step back. Whether they lower tariffs is largely irrelevant. The real issue is whether they’ll agree not to be transshipment hubs for China—that’s what this is really about. pic.twitter.com/cVYLNnKGOu

— Hans Mahncke (@HansMahncke) April 6, 2025

Dumbo Bill Clinton.

“Bill Clinton ushered China into the World Trade Organization in 2001. That decision, sold to the public as a step toward liberalizing China, now ranks among the greatest strategic blunders in U.S. history. China never intended to play by the rules—and it never did.”

— Hans Mahncke (@HansMahncke) April 6, 2025

Hindsight is 20/20, but there’s no serious debate that Bill Clinton’s decision to admit China into the WTO ranks among the greatest strategic blunders in modern history. Everything he promised would happen turned out to be the exact opposite. pic.twitter.com/nkwbEuKuXw

— Hans Mahncke (@HansMahncke) April 6, 2025

An "average" U.S. Recession will cost 1.2 manufacturing jobs.

Brilliant policy!

Why didn't Joe Biden get Europe to drop their tariffs on us?

🚨BREAKING: The European Union ready to negotiate “zero-for-zero” tariff deal with the United States.
pic.twitter.com/tG0jaH64bg

— Benny Johnson (@bennyjohnson) April 7, 2025

Howard Lutnick on "Face The Nation" this weekend . . .

"No, it's really automated jobs. It's automated factories- automated factories," Lutnick said. "But the key is, who's going to build the factories? Who's going to operate the factories? Who's going to make them work? Great American workers. You know, we are going to replace--"

"You said robots on other networks," Brennan pressed on. "You said that to FOX."

Lutnick responded with utter gibberish.

"The armies of millions of people- well, remember, the army of millions and millions of human beings screwing in little- little screws to make iPhones, that kind of thing is going to come to America," he said. "It's going to be automated and great Americans- the tradecraft of America, is going to fix them, is going to work on them."

BWAAHAHAHAHAHAHHAAAAAAAA!

THESE PEOPLE ARE IDIOTS.

MinotStateBeav said:

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Why didn't Joe Biden get Europe to drop their tariffs on us?

🚨BREAKING: The European Union ready to negotiate “zero-for-zero” tariff deal with the United States.
pic.twitter.com/tG0jaH64bg

— Benny Johnson (@bennyjohnson) April 7, 2025

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But will they drop / reduce other barriers?

SFCityBear said:

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DiabloWags said:

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Make no mistake, TARIFFS cripple the MIDDLE CLASS.

And 68% of our GDP comes from consumption.

Higher prices, higher taxes, higher debt, lower growth and layoffs coming.

And with a Recession, that budget deficit will SOAR.

---

Diablo,

I remember my grandfather in 1913 heard about the new law which instituted the collection of a tax on everyone's income, and he promptly got on a train for Washington to protest the establishment of an income tax. It is my understanding that the government was paid for by tariffs prior to that. That would have been 137 years with no income tax.

You seem to have studied tariffs extensively, while I know literally nothing about them. Can you describe why America went to an income tax in 1913? I'd be interested in what you have to say. You can also PM me instead, if you like.

SFCB

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Thanks for this. I'll study it.

Um . . . what?

Trump: When you ran out the healthy arms, you ran out of really healthy— they had great arms but they ran out. It’s called sports. It’s called baseball in particular and pitchers I guess you could say, really particular pic.twitter.com/f4tfZfWTcL

— Acyn (@Acyn) April 7, 2025