scourge165

You're teaching ME now, right? That's what you wanted the opportunity to do? What types of tariffs did Hoover ask for? Further more, what have I said about targeted tariffs for an industry vs blanket tariffs? I believe I've made my point ABUNDANTLY clear on this citing examples just of Reagan with Motorcycles, Semiconductors, the 1960s, the "Chicken War," I brought up. That was Europe protecting one of IT'S key industries. Now answer those and then...maybe it's possible you'll see how Smoot-Hawley led to the Great Depression. But you have to do some of this and have some foundation on your own. You started this by quite proudly pointing out that the tariffs didn't go into effect until after the market crashed. Well...have Trump's tariffs gone into effect yet? What's happened to the markets?

There are people who have different opinions or are interested in justifying what Trump is doing(not sure how)...and then there's 'lil Jimmy. He's just taking his replies straight off twitter and almost none of them actually make sense. The WORST thing you can possibly do if you want to cut the debt...is to see your GDP go from growing at nearly 4%(which is what Biden left him with) to watching it contract...which is what will invariably happen if Trump doesn't do an about face and pull back on these tariffs. What is beyond doubt now is that this is not the Republican Party. They've abandoned all principles they had. It's just...an incoherent following of Trump no matter how much damage it does to this Country. -Family Values -Free Market -Conservationist(that one has been hit or miss for years) The GOP died when conservatives were too afraid to push back against Trump OR they only started to do so on their way out...as Mitch McConnel is doing now.

But hey, there's not been a recession of depression 3 days within him announcing these so...apparently it's going great.

This could be a toss-up. Why is "trumpescorts" trademarked?

Jimmy...bud. I'm leaving you unread here. So I don't know what's taking you two posts here, or 5 in the other thread to respond to whatever you're talking about now, but...I doubt it's going to be all that enlightening that I'll regret it.

That's...just lazy lil Jimmy. I get it. You thought you had a super clever comeback and it didn't really work out. Topic-How the Democrats handling of the Economy vs the Republicans That's what everyone is posting about. But you just blurted out Vietnam and Cambodia, never making any actual point...but it wasn't even about that! LOL...sure bud.

Ok, so your response to show me one metric that supports your point about Republicans handling the Economy better than the Democrats is "Vietnam and Cambodia," and then when I call you on that, you make a joke because...I foolishly said on here I had a parent headed to hospice? The difference 'JImmy' is I'm not upset because I'm losing an argument here like you are, I'm upset because what Trump is doing is just objectively harmful to to the Economy. You're upset because you're incapable of actually articulating an independent thought...but I'm sure you thought that was really clever.

Yeah...cool. That's a great reason for why Russia was left off the list of tariffs. "They're negotiating." And any reason for why an Island of Penguins were put on it? It's clear this entire topic is really over your head. You're not able to even attempt to make a coherent argument.

Yeah, 8 Trillion of that was Trump's last 4 years in office. But hey, lets just do the one thing proven to contract our GDP the most! That'll work! If you want to cut the debt meaningfully here it is. THREE opions 1-Military spending 2-Medicare 3-Social Security Pick one. This ticky tac nonsense where Dog says they found 500M and then count it 3 times and it turns out it's a contract that has already been paid out and it was over 10 years, that's not gonna do it. Even if he CAN cut a Trillion dollars, a number that's laughable, but lets say they find a way to hit his goal. How much do you think THIS will add o the debt? By the way, who do you think will EVER make these Iphones or shoes?

Ok...so you have really nothing. Some guy tweeted the Democrats at bad at handling the economy. You, being unable to handle the economy...just say..."Paul Krugman?" Cool. So you have absolutely nothing you can contribute. Not one independent thought or even dependent thought based on someone else's opinion that you can expand on, just...look 'Cook says Dems bad at economy!' Great. Who is crashing it right now?

I haven't followed how the economies of Vietnam or Cambodia have done under Democrat and Republican leadership James....so I wouldn't know how to respond to this. I know how the AMERICAN Economy has done under Democrat and Republican Leadership... and the reason you don't see anyone saying, "hey, look at how many more jobs the Republicans created vs the Democrats," or "look how the Democrats have added more to the debt," is because...they can't, it's not true and it's easy to show how it's not true.

I don't know what you're talking about. Steel Mills? Is that a normal small business that people are looking to start? And then some anecdote about someone calling the police on a kid?

Yeah, you should be. The S&P was up 70% during Obama's time in office vs 28% during Trump's time in office(I'm leaving out this week but it probably should be included since he just wiped out one of the strongest years of growth in 3 days), despite coming in during the housing crisis left him. So...yeah, I would be saying "thanks Obama." You must have a self managed 401K...which is fine, but that's user error, not on Obama issue. Google it, look it up. See who added the most to the debt, who has added the most jobs...any metric. But telling me 'MY 401K did bad during this period when we were in one of the longest bull runs in recent history...I don't know what the point of that is.

No, not really. I assure you if I saw our President plunging us needlessly into a recession that would harm the entire nation, it's make me a little irritable under ANY circumstances. The rest of your whining, you say the tariffs are higher and I should be "open to learning." And you? You just keep using the equivalent of Wikipedia? I don't actually think I said that, but ANY consideration to YOU being wrong? Were the THOUSANDS of economists then OR now wrong? I've laid it out for you as SIMPLY as possible. Smoot-Hawley Passes at a time when the US Economy is about as strong as it's EVER been. Unemployment is virtually non-existent. If you want to work, you can work. Inflation, there is no inflation. .6 Passing it, JUST as what happens this week causes the Market to Crash. Within 7 months of signing it into Law, unemployment goes from ~1% to 12% on it's way to 15%.

Just to clarify, are they trying to argue that...the Democrats won the election because of illegal immigrants voting in Wisconsin? I'm sorry, I'm late here and don't have the time or energy to go back and look into all this.

This is my issue thus far. So many of these that are added to the running total are contracts that they're cancelling that they've already paid for or WILDLY misleading in order to justify their jobs. I've even seen projections that DOGE will end up costing money with cancelling contracts and then having to hand them back out or a slew of other things. I never cared about Elon Musk beyond what he did as the CEO of TESLA just as I don't care what Jensen Huang does beyond the CEO of NVDA. But he has become...so clearly full of it, I don't trust him. And the way he, after forcing the X algorithm to make him the most viewed man, he takes a nonsensical conspiracy, says, "hmm, that's interesting," just to amplify it and then he doesn't have to take any responsibility for. That's exactly how propaganda is spread. The Russians did this with Zelenskyy's two "Yachts." It was one of hundreds of posts that started on a small, insignificant little forum and then they started spreading it. I do like cutting off funding to UNRWA. You had Israeli Hostages there. The Palestinians are NOT happy or content to watch their little piece of the world grow and blossom like Israel is. They will not stop until they kill all the Jews. Evidence...Hamas leaders saying they wish all the Jews returned to the Holy Land...as "it'd be easier to kill them all at once." I don't think funding Israel and the Ukraine is the same thing...one is on it's heels and we're effectively giving the Ukraine old American equipment and then spending that money in quite literally EVERY congressional district and spending to buy new American weapons. But I don't know that Israel needs funding either. Beyond helping with intelligence and occasionally taking out Houthi Rebals- Though again, very skeptical the group we took out that Trump then put up on Twitter was a terrorist group as it was configured exactly like a Religious gathering, but that's a larger discussion. That Region will never be safe while the people support the extremists and the extremists will keep showing up while the place they call home is being decimated. What's more, a strategy to turn their children into weapons and "push them toward Martyrdom," has become a core Tennent of their belief system. If Iran could fall or be taken back by the people(they called it the white revolution in the 1970s as they were the most Pro-American Middle Eastern Country with much of our culture, our music, fashion, women walking around with some ankle showing...maybe even some knee. I don't know how else you solve this problem when this is the cycle;

Ok...this is gonna be it for me tonight...unless I can't sleep on these chairs, but I find this particularly funny when Kirk is defending the "liberation day" tariffs, yet his argument is all for targeted tariffs, but then also claims that corporations "Owe it to you," speaking to a citizen...to provide them jobs;

No, I did...I was just being facetious. Other comments about how it wasn't good enough...etc... Also, I've spent the last two days sitting in a Hospital room waiting for a parent to get transferred to Hospice watching what COULD be the worst economic meltdown since...The Housing Crisis or since the Great Depression(I don't see Trump stepping in and bailing people out as it'll make him look bad) so...some of my jokes may not quite be landing.

These are the economists that the TRUMP administration clamed these tariffs were a GOOD idea... https://finance.yahoo.com/news/the-white-house-cited-these-economists-to-justify-its-tariffs-they-arent-thrilled-193615537.html?.tsrc=fin-notif Tell me when I've used enough sources? It would also appear you missed the part about the league of Nations met in an attempt to lower tariffs. Also...how else can I explain this to you... How about this. If I say EVERY person is going to pay 50% taxes on their income and THEN I say if you work in JUST these fields you'll pay 60% taxes, but you actually only collect 13% taxes on the first group and then you collect 24% on the 2nd group...which is higher? It really shouldn't be a difficult concept, but...you may need to dig deeper than...."Investopedia." Kinda like when you repeat the Trump administration is just matching the tariffs and it turns out they're doing anything but that. LOL...this is the Trump administration. "Thought and precision?"

For instance James(can I call you James? Calling you Jimmy makes me feel like I'm talking to a child who cares most about WWE, John Cena and Grilled Cheese Sandwiches; https://finance.yahoo.com/news/the-white-house-cited-these-economists-to-justify-its-tariffs-they-arent-thrilled-193615537.html?.tsrc=fin-notif

Yeah, as usual, this is cute "Jimmy." But I'm not presenting myself as "the greatest authority on everything." I can see why it may feel like that to someone as...staggeringly ignorant as you are, but no, I LISTENED to the greatest economic minds, I went to school for History and Finance. So I TRY to stay informed and educated. When the greatest minds in the field speak or something has actually happened and was a significant historical event, I try and...learn from that so I can understand it and apply it to what is happening in the modern world. You think it has to do with intelligence...it doesn't. It just has to do with being an adult and wanting to stay informed. I've also cited all my sources, but this is a guy who "LOL...leading in AI?????????? OMG," and "it's 12 hours later, I thought the great depression was starting now." You do realize...it didn't get the moniker the GREAT depression until years later? It went through stages of recession to start and then months after when unemployment hit 12.5% and Hoover tried to dictate how companies operated that we sank deeper...and yet, it still wasn't "the great depression" yet. So it's not so much me being "the world’s greatest authority," though I could understand how it seems like it to someone who'd never heard of Nvidia or scoffed at that 'crazy futuristic AI,' it's really...just your ignorance.

One more thing I can add here...since a lot of these surface level links just list Smoot-Hawley AMONG the reasons for the great depression...is anyone seeing how the PROMISE of tariffs has a MASSIVE impact? The market has...well, crashed. It's well in Crash Territory now. We worked on this yesterday. Ok, so we've seen what happens when you ANNOUNCE tariffs. So now, with that understanding, lets go in chronological order. The stock Market Crash of 1929- That was October 1929 Banking Panics, the run on the banks, that was when unemployment hit double digits in 1930 and 1931. "The Smoot-Hawley Tariffs? When WAS-THAT-PASSED? In other words, when did the United States signal to the rest of the world that the League of Nations meeting to reduce Tariffs in 1927, they were going to go the OTHER way with that? MAY OF 1929. But hey, keep telling me "there I go again," and that Smoot-Hawley didn't cause the great depression...it MERELY "Crashed World Trade." People keep telling me that wasn't the issue. It was...well...just something else. Not that. They also keep telling me about this...."plan" that is going to alleviate all the suffering and contraction of the GDP and the TRILLIONS flooding out of the US Markets. Can someone share with me beyond "Powell isn't selling?"

Ok...so you're really not understanding what Trump has proposed or what effective tax rate is. I'm really seeing ignorance as the driving factor behind a lot of the "so what, he has a plan," responses. This is of course, as Krugman pointed out not factoring in that it's going to have an exponentially larger impact due to how much GLOBAL trade we have no... Ignorance has gotten us into this mess(yesterday I had to argue with people that the tariffs weren't passed through the house until after the market crashed, had to explain unemployment was at ~1% when passed, inflation at about .6%, 2.5% unemployment when signed into law and then ~13% by the end of 1930 on their way to over 15% within a year. Today I guess I need to explain what the actual tariffs were...when we made the worst policy blunder in American History and how Trump has unequivocally said they're going higher. https://www.statista.com/statistics/1557485/average-tariff-rate-all-imports-us/ Note...the SHARP increase in tariffs are JUST what he's put into effect already. The actual tariffs don't start until April 9th(which is when we get his with reciprocal tariffs) and then...well, as happens in trade wars, just as we started out at about 15.8% and went up from there, we'll likely do the same here.

Ok...so you just told me about this big plan Trump has. -You asked if "I know who's selling." So I asked...what's the plan. You respond with NOTHING about the plan and "Jerome Powell's not." I don't know where Powell said he wasn't selling his stocks. I do know where he said that they were going to be worse on inflation than expected. I'd bite and ask where Powell said he's NOT selling the market, but...I don't care about what the head of the Fed says about his own personal portfolio. I mistakenly thought you had something to add.

Yeah, I didn't expect you to answer my question about his plan, but...no. This is above Smoot Hawley(and this is BEFORE he's added Semiconductors, again, the thing that has been DRIVING the market and responsible for about half the gains in the SPX the last two years, the NASDAQ...PHARMA, LUMBER, Energy among other thing that he said he WILL be adding. https://www.newsweek.com/smoot-hawley-tariff-act-1930-donald-trump-reciprocal-2055368 https://www.cnbc.com/2025/04/03/us-tariff-rates-under-trump-will-be-higher-than-the-smoot-hawley-levels-from-great-depression-era.html I don't know what else you need, but what do you mean "there I go again?" I was ridiculed on here about a year ago for saying Trump was calling for "across the board tariffs," and said that was ridiculous. Now it's "he has a plan." And that plan...apparently isn't to work out better trade deals? That's like playing Russian Roulette with one in every chamber.