Tariffs clarified by Victor Davis Hanson
mogul1985I have 3 lives: Work, Dog Shows and Strip Clubs
This is clear and accurate: x.com
For all the Lefties, if someone crashes into your car, has no insurance to cover your damage and laughs at you, honestly what would you do? So, now we are using tariffs to reclaim our damages and losses.
Receptible Tariffs are just that. Drop tariffs, import restrictions, protectionist policies and unfair trade practices by our "friends" and we'll do same. The problem is, these Social Welfare economies need more and more taxes to support their Socialism - Not OUR PROBLEM. They are in a stagnation trap, and ca get out if they want. It'll take time, they can if they want.
America's Global ATM machine is finally putting limits on withdrawals.
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last comment99% of products traded between Canada and the US were tariff-free.
Now here are some of the headlines we are seeing:
Tariff-related layoffs hit five US auto plants that supply factories in Canada and Mexico
www.cnn.com
Tariffs on Canadian goods having a 'devastating effect,' U.S. farmers say
www.cbc.ca
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Mogul gets the tuscl tinfoil hat award
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Get the excuses ready for Trump's gigantic failures. At what point do you admit maybe even just to yourself that Trump is a complete failure? The Dow Jones would be 10,000 points higher and counting and prices would 100% be better with Kamala in office instead of Trump but let's keep coming up with things to justify Trump's obvious failures and your incredibly bad decision to vote for him.
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www.instagram.com
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"The Dow Jones would be 10,000 points higher and counting and prices would 100% be better with Kamala in office"
ROFLMAO!!! After Biden's 20% increase in price levels and inflation and it's sub 3% now, prices would be better? Good grief, you're in the tank. But with Harris and her view of freedom of speech, we wouldn't be allowed to say that.
You're not coping with this election too well. See a therapist.
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Prices would be better with Kamala in office vs Trump in office shit for brains. Where do you think the Dow Jones is going this week? Up or down? Admit you fucked up and voted for a total failure!
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^ LOL. A little triggered today? Or did you find out your ATF gave you genital warts?
Either way, the small penis energy is off the charts.
3 years, 9 months, 14 days. You're going to have a serious drinking problem well before then.
As for the Dow, got a coin to flip?
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I don't drink. Time will tell who is on the right or wrong side of history. Your clearly on the wrong side of history. As an example if Trump died today there would be worldwide celebrations. Does that sound like someone on the right side of history?
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^ Pick your drug, you clearly are not coping hard enough. First threatening to come up here and kick my ass in 10 seconds flat because basketball (lulz), now all the unprompted insults.
How old are you? You sound like a bully whose life peaked at age 17 and still can't process emotions like a grownup.
Guess what, we live in a multiparty democracy and sometimes elections don't go our way; you have about as much control over that as you do the weather. I opposed Biden but acknowledged a legit election win and certainly didn't squeal with impotent rage.
As for "the wrong side of history," that's an Obama fallacy that history is some impersonal unidirectional process like time. I know his cult--whatever's left of them--thinks it's some kind of diss, but it's a silly statement.
If people want to celebrate his death, that's on them. I don't celebrate when prominent Democrats die, and if you celebrate when a prominent Republican dies, that reflects on your character and no one else's.
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If Trump died today it would be a tragedy, as much as I dislike the draft dodger, that wouldn’t be a good thing for anyone. We don’t wish our opponents to die, no matter how fierce they may have been towards us, anyone who wishes for a death of a political opponent is no better than Putin.
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@mogul1985
That analogy is idiotic. You MAGA clowns think that every other country is taking advantage of us and that’s ridiculous. Facts matter, our economy is probably 20x better than any of these countries and other countries, how do you think they can take advantage of us. Stop being stupider than these fools that placed these tariffs on every other nation in the world except Russia. They’re gaslighting you and if you don’t know it, I feel sorry for you.
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^plenty of leftists and rightists wish for and celebrate deaths on the opposing side. There are even leftists who want to go around killing cops or white people, and there are rightists who want to kill immigrants and arabs. Weve seen this happen before unfortunately
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Trump didnt draft dodge he was medically exempt
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Trump didn't draft dodge he was medically inept.
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Dow Jones Futures are down over 1500 points for tomorrow. Remember NONE of this bullshit was necessary at all.
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Google it. Victor is a long time trump supporter with no financial background
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@twentyfive The other countries don't have a $36T debt or $2T spending deficit. If they can't compete with fair trade too bad, not our problem. Apple could have made products with the Foxconn factory that was being built in MI or WI instead. I get America helped Europe and Japan post-WWII as they were just rubble. They've had 80 years to stop depending on America via tariffs, VATs, limitation, quotas, ect to protect their products.
in the 1980s/1990s Japan and South Korea subsidized and dumped semiconductors to drive American semi off-shore for cheaper labor. When that started to happen, POTUS should have retaliated with tariffs to support American made semis, and same for pharmaceuticals. Now, 90% of our antibiotics are made in China rather than here. The CCP even threatened us in 2020 when Trump called it the Kung Fu/Wuhan Virus. That was a national security threat, and brainstem Biden did nothing to return phama manufacturing to in-county.
AND, if gov't had protected our semi industry 30+ years ago when the Globalists were moving off-shore, we wouldn't being handing out corporate welfare to Billion Dollar companies that the Dems are calling greedy. Even when we saw off-shore semi/chip manufacturing was endangering our national security (same with drugs), gov't did nothing, just like they did nothing when it was clear Fannie/Freddie were headed for a crash due to Clinton's hard-handed push with the Community Reinvestment Act with Sub-Prime Mortgages (junk) that Carter created that led to the financial collapse in 2008 that was well documented by the NYT and the book "The Big Short."
In late 2020, America was starting to recover, and Biden exploded spending and "free" cash to people. Record inflation, AFG horrific bugout disaster, with the Ukraine and Gaza wars are Biden's legacy, not to mention his inability to govern.
Yeah, so I'll take the odds we'll be better in a few years. The direction we were headed was to a cliff.
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@longb Why does it matter if VDH is a "Trump" supporter. Obama is a Marxist and Biden just went with the wind for 50 years and made sure his pockets were well lined with Bagman Hunter with the Collection Plate. Obama even had good things to say about Senate Majority Leader Robert "KKK" Byrd in 2010 when he assumed room temp. Today, the Radical Dems call the Border Patrol Agents and ICE the KKK. The Democrats have a serious policy and messaging problem as they expect Billionaire donors to support them, yet the call them GOP Oligarchs. That just makes no sense, and you wonder why Trump won?
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Just remember, Clinton was a draft dodger.
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There are smart tariffs, and then there are reckless tariffs.
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If you get your news from CNN, MSNBC, MSM, NPR, CBC.ca (state run) you are getting a scripted message. Even the words are the same. And AI memes from Instagram and TikTok of Trump, great, they are hilarious. Unfortunately, the actual video we have of Biden, Harris, Schumer (can't he talk without a script?), Pelosi, Crockett and others very are real.
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Trying to find common ground with a MAGA guy is like arguing with my wife, what does it matter what Clinton did, there have been 5 presidential elections since Clinton left office 25 years ago, let’s talk about what’s going on with the current administration, we can have a historical perspective, still it matters very little what happened in the past, the present is where we are living today. Every single time someone points out something about Trump you MAGA defend by deflection. That’s why you’re so unpopular. How about accepting responsibility for your actions and acting appropriately.
Trump was a draft dodger who had his daddy buy his way out of service, now he’s potus, yesterday three deceased servicemen who died in the line of duty had their remains returned and your president couldn’t be bothered to even mention them and their service, he was too fucking busy hosting a multi million dollar golf event to enrich himself.
Shameful
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Puddy your screenshot is important to keep in mind if its true, but i dont understand the poster saying “only one didnt sell out”, when his post simply makes it seem all those people asked for tariffs, so trump is no different.
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Mogul but didnt you state trump can take greenland because it’s strategically important? And can take panama canal because we use it a lot, No purchase needed for either of those?
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^ He can't just "take" Greenland. A deal will be made. It's how it works. Panama Canal: the treaty was violated, CCP will need to go.
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Since the Trumpers are so confident that Trump knows what he's doing how about you all make some large stock purchases or growth index fund purchases tomorrow. Does that sound look a good idea or no? You voted with your wallets right?
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@mogul1985
Clarifying something for you and the rest of the MAGA geniuses posting ridiculous lies by asking a simple question. Do you guys have a trade deficit with your local supermarket, why don’t you put a tariff on your local Kroger, or Publix, I mean that’s a trade imbalance you spend money on groceries they aren’t buying anything from you are they?
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Why would anyone respond to such an infantile and idiotic question? As far as $10.00 an hour DustyJ's question? The answer is no, I am not buying this week. I am 75% cash and not losing much as all, so I can avoid the dead cat bounce and wait 4-12 months before buying back in. Watching the progressives shit their pants on this board has me hoping for an even bigger beating for the market this week.
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It's no less infantile than complaining about the trade imbalance, but you do you buddy, I laugh at all of you guys that claim they timed this market, yep sold the day before great for you, your capital gains taxes will bring in more money than these tariffs.
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@twentyfive - When someone claims they "timed the market" at any time, let alone the admittedly-mercurial Donald Trump, that's a good time to just laugh.
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^ Of course I laugh, knowledgeable investors know even if they magically timed the market , the tax man is gonna get them. Especially after a run-up like we just had.
LOL
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^ The market has whipped from -5% to +3%, as I type this it's -0.8%.
And it's going to keep whipping. Idiots on both sides are going to get greedy or panic and get hosed.
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^
"Man Plans God Laughs"
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