THE BOTTOM LINE....EXPLAINED

02 Apr 2025 18:44 #11 by Rick
Replied by Rick on topic THE BOTTOM LINE....EXPLAINED

homeagain wrote: CREDIBLE SOURCE PLEASE......OTHERWISE IT JUST SO MUCH BULLSHIT.....

I'm just curious... do you or do you not think our trading partners should be allowed to put big tariffs on our products without any consequences, forever?

A fact is information without emotion.
An opinion is information shaped by experience.
Ignorance is an opinion without knowledge.
Stupidity is an opinion that rejects facts.

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03 Apr 2025 08:22 #12 by homeagain

Rick wrote:

homeagain wrote: CREDIBLE SOURCE PLEASE......OTHERWISE IT JUST SO MUCH BULLSHIT.....

I'm just curious... do you or do you not think our trading partners should be allowed to put big tariffs on our products without any consequences, forever?


I THINK THE GLOBAL ECONOMY IS IN THE DEEPEST HOLE EVER......THE ESCALATIONS THAT TRUMP HAS MADE,THE STRATEGY HE HAS EMPLOYED, THE "ONLY i CAN FIX IT" MINDSET IS IMPLODING AND AMERICA IS HEADING STRAIGHT INTO A RECESSION....THE MAGA MINIONS
R JUST NOW GETTING A REALITY CHECK...WAIT TILL THE END OF APRIL......THE CRYSTAL CLEAR CRISIS WILL BE IN FULL VIEW. NJMO

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03 Apr 2025 09:55 #13 by FredHayek
The nice thing about tariffs? They are a voluntary tax. Just like a VAT which is popular in both Canada and Europe. Don't buy the good, you don't have to pay the tax.

Of course this will hurt retail stores, but we might also start seeing many cut prices in order to get customers to return.

Thomas Sowell: There are no solutions, just trade-offs.

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03 Apr 2025 10:07 #14 by homeagain
United States national debt is now 120% of its GDP. America now owes more than it produces in a year. As of March 30, 2025, the U.S. national debt is approximately $36.22 trillion dollars. In 2024, the US GDP was a little under 29 trillion dollars.

Rising Debt to GDP ratio can weaken the American dollar. If the world realizes that America cannot pay its debt and they lose trust, that is the day when our dollar will lose its value, and we cannot borrow any more or US will be paying higher interest rate to borrow, Right now the world trusts that America will be able to pay its debt, and we can borrow more money, and the dollar is strong.

Donald Trump is trying to bring the Debt to GDP ratio under control by imposing higher tariffs, which is a tax on the American consumers. Donald Trump is considering tariffs as the revenue source, but tariffs shrink the economy. Tariffs will reduce the government revenue, instead of increasing it. But Donald Trump does not understand that Tariffs are not good for the US economy and will take us into recession. The poorly educated Americans who are still supporting Donald Trump do not understand that Tariffs are not good for the US economy and will take the country into recession. You can worry about your social issues some other day. Right now, your focus should be on which political party can bring the Debt to GDP ratio down, so our US dollar stays strong, the stock market stays strong, our economy stays strong, and we don’t get into recession.

U CAN'T GET MUCH MORE CONCISE AND CLEAR THAN THIS STATEMENT.....WAKE UP, WE R FUBARED. NJMO

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03 Apr 2025 10:55 #15 by FredHayek
Life isn't as cut and dried as you think it is.

If other nations apply tariffs to American goods, should we not be able to respond to this economic warfare?

Would you tell the US to stand down and continue buying products from a nation that taxes our goods?

Thomas Sowell: There are no solutions, just trade-offs.

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03 Apr 2025 13:30 #16 by Blazer Bob

homeagain wrote: AMERICAN'S DO NOT WANT FASCISM IN THEIR LIVES. JMO


CORRECT. THAT IS ONE OF THE REASONS THAT BIDEN/HARRIS WENT DOWN IN FLAMES.

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03 Apr 2025 13:53 #17 by PrintSmith
The number of people holding the same opinion has not a thing to do with whether or not their shared opinion has validity.

If tariffs reduce the size of a domestic economy, why do other nations impose a tariff on the goods we import into their country and in so doing reduce the size of their own domestic economy? Or are you trying to establish that the US is the only place where levying tariffs reduces the size of the domestic economy?

There has to be a benefit to imposing a tariff on imported products to a country, otherwise there wouldn't be any import tariffs imposed by any country. To try and establish that the only result of a tariff is negative is disproven by the existence of import tariffs by any country. Tariffs are imposed for a reason . . . whether that reason is tax generation, protection of domestic producers of the product, a combination of the two, or some other reason, the levying of an import tariff is designed to produce something beneficial by the country imposing the tariff, otherwise they would have no reason to levy the import tariff.

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03 Apr 2025 16:46 - 03 Apr 2025 16:51 #18 by homeagain
ttps://www.marketwatch.com/story/trump-tariffs-to-hit-working-class-the-hardest-costing-an-average-family-3-800-a-year-

HEY, NJMO.......JUST A JOLTING PIECE OF INFORMATION WE ALREADY KNEW. .....YOU PULL UP THE LINK ......LOOKS LIKE THE MAGA SET (30,000 TO 60,000 DOLLARS) INCOME R GOING TO HAVE THEIR UNICORN UNIVERSE WRECKED AND THE REALLY POOR R REALLY SCREWED,AS ALWAYS.

The disparity is clear: The lower a household’s income, the more burdensome these tariffs become. This is because lower-income families spend a larger portion of their earnings on essential goods like food, clothing and household items.

In absolute dollar terms, higher-income families will incur larger losses — estimated at approximately $8,100 annually for the top 10% of households, compared with $1,700 for those in the second-lowest quintile. However, when calculated as percentage of household income, the impact of these import taxes will fall disproportionately on lower-income families.

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03 Apr 2025 20:45 - 03 Apr 2025 20:46 #19 by PrintSmith
Such an outcome is predicated on the tariff being in place for an extended period of time, yes? If the tariffs are in place for a few weeks, or months, then the economic impact felt would be significantly less, yes?

Figures may not lie, but liars use figures to convince those incapable of independent thought that they should take what the "expert" is telling them at face value, as you have done here. Is the propaganda you are being fed accurate? Under a given scenario, adopted to paint the action in the most unfavorable, and unlikely, set of circumstance, it may very well be. But that is an imagined scenario, so the results of the imagined scenario are imagined as well, aren't they. Possibilities resulting from a whole set of values crafted exclusively to reach a predetermined outcome are not factual reality HA . . . they are, and will remain, one of many possible outcomes. The outcome you have adopted requires every presumed value to be true . . . it requires prediction of a future which can't be predicted . . . as the predictions that Trump would lose the election based on a faulty set of values has already demonstrated.

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04 Apr 2025 08:43 #20 by homeagain
THERE IS ALWAYS FREE WILL....TRUMP WILL NOT CHANGE HIS MINDSET....BECAUSE POWER IS HIS ULTIMATE GOAL...CONQUER AND BECOME KING OF MANY KINGDOMS....HIS ULTIMATE REASON FOR LIVING.

i CONSIDER MARKET WATCH AND MANY OTHER SOURCES....WHEN IT WALKS LIKE A DUCK ,QUACKS LIKE A DUCK, IT IS PROBABLY A DUCK....BUT THERE IS ALWAYS THE POSSIBILITY OF A
MUTANT DUCK. TRUMP IS/WILL SEND AMERICA INTO A FINANCIAL SPIN AND U R BEING NAIVE IF U THINK OTHERWISE....HE DOES NOT CARE ABOUT THE ECONOMY, HIS GOAL IS COMPLETE DOMINANCE OVER MANY DOMAINS THAT R NOT HIS.....LEGALLY OR ILLEGALLY HE WILL CONTINUE HIS CONQUEST.....U CAN'T BE THAT ILL INFORMED , NOT TO COMPREHEND THE END GOAL.

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