r/misc • u/flargenhargen • 2d ago
The only thing more interesting than watching the economy crumble every time trump opens his mouth, is watching magas make excuses for it.
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u/gsnurr3 2d ago
You aren’t seeing the bigger picture.
First we have to go broke, lose our home, watch family members starve to death, and then your own passing.
After that though, golden age bruh!
It’s going to be so worth it. You’ll see!
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u/dirkalict 2d ago
I hope the golden age comes about when all these suck asses are voted out but…. Americans are stoopid. We like to repeat our buffoonery.
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u/Embarrassed_Lab_5595 2d ago
When Trump declares a golden age, he’s actually referring to the golden shower he’s gonna give the whole world.
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u/D88J 1d ago
Yeah, man, then all the poor people die off, and only the rich and maybe the middle classes survive, and then it's all rainbows and sunshine. Oh wait, if all the laborers die, then who's going to be doing the labor? The billionaires are making the millionaires into the middle class, and then the middle class enters poverty and becomes the laborers. Checks my status. Shit, I’m not a billionaire or a millionaire.
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u/ProtocolDroid10014 2d ago
Not to mention on FoxNews website they have headlines like “Obama didn’t like Harris”, “Some countries already crawling back to the table to negotiate” … no mention of the stock market seeing the worst losses since 2020.
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u/ba-na-na- 6h ago
Negotiate what lol? Trump’s plan is not to remove tariffs, where will he fill the budget from, if the taxes are reduced?
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u/Many_Trifle7780 2d ago
It's like a war we have to sacrifice give up a few things like food water life
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u/CudaTheTalkingBread 2d ago
Yeah he caused Nasdaq to have its single worst day in its entire history. It dropped 1050 points the previous worst drop was towards the beginning Covid in March 16th 2020 at 970 you can almost feel the golden age
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u/DemsLoveGenocide 2d ago
The billionaires all saw their wealth skyrocket during that crash. Hence why he is doing what he is doing. Crash everything and let them buy it all with their massive bank.
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u/UBFun51 2d ago
Oh yeah, how many times have you heard he’s playing chess while everyone else is playing checkers and do you look at the people like I do? What the fuck are you talking about? He’d be lucky to be playing go fish!!
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u/Sea-Needleworker-756 1d ago
You just don't understand his brilliance and business savvy,,,and he has 6 bankruptcies to prove it /s
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u/Glittering-Floor-623 2d ago
If by "playing chess", they actually mean he's playing with his own little bishop while everything burns around him, sure.
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u/ps4kegsworth 1d ago
funny how a majority barely high school educated people know so much about the economy and the business since they work minimum wage jobs and barley get by as is, but eggs and tranny rights were so important.
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u/flargenhargen 1d ago
Well, these are the same people who believed that thousands and thousands of medical specialists who spent their entire lives practicing and studying every detail of infectious disease were all wrong, and only "steve the forklift driver" on facebook, or diaper don had the REAL TRUTH about how COVID worked, and that bleach and sheep dip were the real secret nobody wanted you to know.
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u/W4OPR 2d ago
He's done it now TWICE, never his fault...
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u/flargenhargen 2d ago
I'm not aware of trump ever admitting a mistake, even though that seems to be the only things he does.
closest he will ever come is when he can blame someone else for something, he will do that because then it's "their fault"
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u/RelativeComplete329 2d ago
Don’t worry. The 80 y/o multi-billionaire, who lives off of our tax dollars says “we” should all be patient and accept the disruption for a couple of years to test out his theory that literally no economist agrees with. Just wait, it will be great. Trust him! /s
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u/Acrobatic-Tadpole-60 2d ago
Yeah well, when prices go through the roof and their bank account (or even worse, their retirement) starts getting drained, that’ll be pretty hard to deny, but certainly some will take it with a pathetic sense of martyrdom.
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u/flargenhargen 1d ago
that’ll be pretty hard to deny,
nah, not when you wait for foxnews to tell you what to think about literally everything.
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u/Acrobatic-Tadpole-60 1d ago
Haha, yeah the breaking point seems to be constantly moving. We keeping saying “surely this will be it… 😐
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u/Open-Inevitable-1997 2d ago
Trump supporters and MAGA will eat shit when Trump tells them to. Trump will bleed them dry and they will love it. They are a deplorable birth defect beings.
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u/Effective-Bee-7934 2d ago
Beautifully said. I've been saying that since Jan 21st. What's also funny is watching them in all these protests. Knowing that they have Tesla's in the garage, Elon, and Chump posters throughout their homes. I love watching the right make all these excuses and lame reasoning.
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u/DoctahToboggan69 1d ago
“We’ll feel short term pain” said the Trumper dumbass who complained that Biden “ruined the economy and we all felt the pain”
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u/wild_crazy_ideas 2d ago
Trump believes if people are against his ideas it’s because they are going to lose out from it, therefore he wins. If other countries hate his tariffs he must be onto something
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u/Joeglass505150 1d ago
What's really sad is people's 401K's taking a dump and prices have yet to go up which they will start doing pretty quick here.
It's going to get so much worse.
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u/Jmsjss2912 8h ago
Let’s talk about the tariffs and the effects it has on the manufacturers of this country.
Assume for a minute that you wanted to bring back some manufacturing to the USA, which of course is a huge assumption compared to manufacturing outside the country like we do as a company.
Which I will get to in just a moment. This week alone the stock market lost over US$9 trillion which means every single manufacturer that has a US corporation is part of that loss. Which goes to show you that Trump‘s logic is about as efficient as his spray tan.
If these companies even had a thought of coming back to the United States, all of their cash has now evaporated because of the loss in the stock market so who’s going to finance these new manufacturing plants that Trump keeps talking about, that are going to come back here make the economy great?
Now goods have gone up in price in some cases doubled already this week which means the consumers are going to be buying less. Companies are going to begin layoffs, because they’ve lost a huge portion of their cash reserves. Their businesses are going to be diminished some because of the lower purchasing rate and the higher pricing.
Bringing manufacturing back to the United States at this point with this approach has been almost completely eliminated.
All you have to do is go back and look at what happened during the depression when they tried to institute tariffs causing the depression to take even a further nose dive and adding years into the depressive point. It’s such a joke that they used it in the movie Ferris Bueller‘s Day off where the teacher was talking about how bad tariffs are and how they caused the depression to go down, which goes to show you that if they use it as a punchline, then it obviously cannot work.
With our business, we were building some manufacturing plants in the United States and now have had to put it on hold because of the tariffs. As an example, each of our production lines has a manufacturing cost of a little under US$5 million, we did try to price it in the United States but we found quotes anywhere from $12-$16 million for the same exact production line that we are having made in China. So we couldn’t make the equipment in the United States, but we were going to import it and set up manufacturing plants.
One of them was in Arkansas where the state is somewhat depressed. Now we have put that project on hold with approximately 1800 people we were going to hire.
The reason for that is not just the tariffs, from the equipment if you think about it a piece of equipment that cost me $5 million is now going to cost me about $9 million. Each production line generates about US$35 million of revenue so it’s not just a tariff in my situation it’s the fact that for $9 million I can have practically two production lines generating $70 million of income compared to the same $9 million generating $35 million worth of income, with a much lower profit margin because of the labor cost in the United States along with all the taxes and liability issues that you carry because of the litigious nature of the United States operating.
So tariffs do not work, they hurt the economy. The only thing that they do on the surface is generate more tax dollars for the US government, but they diminish and wipe out the middle and lower class.
Do you want to bring manufacturing back to the United States?
You’ve got to do something about all of the litigious actions, you have to lower healthcare cost, lower pharmaceutical cost, have to educate more so that children can grow up and learn trades.
You have to find ways to lower the cost of living and once you start doing that then laboring jobs will become available again.
The next problem is the taxation situation is off-balance. We have structured our tax code so that the wealthy and the publicly traded companies that offer stock options instead of salaries, which is taxable make it almost impossible to collect tax.
Take Musk for an example from Tesla.
They talk about his $300 billion worth but it’s all in stock and that’s unrealized gains paying no taxes. What he does is he goes to the bank and he borrows money against that stock portfolio, borrowed money is non-taxable income and then he uses that money to live and buy things like he bought Twitter for $44 billion with borrowed money, no taxes paid at all.
And then what he does from there to pay off those loans is he borrows against other portfolios and he just keeps borrowing deferring the taxes.
$300 billion and no taxes paid whereas the employees that work for all those companies have taxes taken out of each paycheck.
Just look salaries up of the top executives around the country and you look at their income, you’ll see that their salaries are generally between one hundred and two hundred thousand US dollars but they earned anywhere from ten to a hundred million dollars a year all in stock options and then they keep those options in stock and then borrow against them so their tax base is almost nothing.
you want to fix the economy. You have to find a way to tax the rich, you’re not going to make them poor, you’re just going to make them help to strengthen the economy.
I almost forgot, tariffs funds go directly to the administration for spending (trump and his team), whereas taxes go through congress for spending.
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u/No-Drawer-9400 2d ago
Remember, we are living in the Biden years
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u/flargenhargen 2d ago
how do you believe that, when every economist has said tariffs will destroy the economy, every time in the past when they've been tried, they ended up in a disaster, and you can literally watch REALTIME like above the markets crash horribly when trump speaks?
how, in your own brain, can you twist that into some weird reality?
I understand you have to find a way to avoid your false beliefs crumbling, but how do you really ignore every economist and what you can even see with your own eyes happening in real time?
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u/No-Drawer-9400 1d ago
Only time will tell, experts aren’t always right 100% of the time. If it fails, at least we tried something other than what we all have been programmed to believe is the only way.
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u/Aggravating_Kale8248 1d ago
Care to share why tariffs put in place in Trump’s first term “when every economist has said tariffs will destroy the economy, every time in the past when they’ve been tried, they end up in disaster” were left in place by Biden?
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u/Sea-Needleworker-756 1d ago
Sure, I'll share. Those tariffs were primarily for steel, aluminum, and solar panels. China was undercutting industries already manufacturing those products here in the US. How likely is it that GM will choose to invest in a new US factory to build Silverados here instead of Mexico? Avg wage for autoworkers in Mexico is $3-5 per hour. The US it's $28-38/hour. Or will GM simply absorb the tariffs by raising prices and invest more heavily in technology/automation and continue reducing their payroll? Your turn to share how that benefit the US economy.
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u/Aggravating_Kale8248 1d ago
how do you believe that, when every economist has said tariffs will destroy the economy, every time in the past when they've been tried, they ended up in a disaster.Then this statement isn’t true according to you, so not all tariffs are bad then since the US solar industry benefited. So which is it? Are tariffs always bad or not?
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u/Sea-Needleworker-756 1d ago
Must this be binary? Apply some critical thinking and answer my question.
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u/Aggravating_Kale8248 1d ago
every time in the past when they've been tried, they ended up in a disaster.Don’t make blanket statements then. You made the statement saying every single time it’s a disaster. If it’s so bad, why didn’t Biden remove them? How about you answer the initial question I asked you?
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u/tellem45 1d ago
Ur driving the conversation in a different direction that allows you to feign some kind of correct even though you’re not. The tariffs trump has in place RIGHT NOW are bankrupting companies left n right in real time and economists were all warning against the ones he has in place CURRENTLY. Sure some tariffs in the past didn’t have the effect the ones rn are having, so what?? That’s entirely irrelevant to the bullshit trump is doing to the economy currently. Stay on topic weirdo
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u/Sea-Needleworker-756 1d ago
Biden kept them for the reasons I pointed out…they made sense. Biden made strategic tariff decisions against a country that wants to uphend the US position of a global leader. You cannot compare those tariffs to the ones Trump is placing on our allies.
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u/flargenhargen 1d ago
WHaTaBOuT!!!!!!
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u/Aggravating_Kale8248 1d ago
Ah yes, the it’s (D)ifferent response. Maybe try arguing in good faith instead of trying to move the goalposts.
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u/Overall_Yam6502 1d ago
The market is not crumbling. Go outside and touch some grass
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u/flargenhargen 1d ago
wow.
turn off foxnews.
The market hasn't been this bad since last time trump had power to crash it.
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u/Solodologgz 1d ago
Honestly, people who equate the stock market to the economy, out themselves as knowing very little about either.
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u/DaveJInCA 2d ago
Trump didn’t do that. The Dems and “experts” fear mongering did that. These are the same people who said that inflation was transitory. 🤦♂️
Keep in mind that Biden didn’t get rid of the major tariffs Trump put in place during his first term. Also, the Dems want to raise taxes on ALL corporations. Tariffs are optional. Just make the products here - and many companies are going to do that. No problems! Just hype!
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u/flargenhargen 2d ago
the market literally tanked WHILE trump was doing what he do, like several times.
people like you are awesome to watch, it's so interesting.
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u/DaveJInCA 2d ago
Yes, it tanked because people believe the idiotic Dems and “experts” 🤦♂️
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u/flargenhargen 2d ago
hehe, you people are priceless.
it's fascinating the mental gymnastics you are willing to do to avoid the reality that is slapping you in the face.
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u/Frequent-Athlete-431 2d ago
You just worry about sucking off random men in the forests ok, critical thinking is not your forte.
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u/Mister_Antropo 2d ago edited 2d ago
I thought this was just an insult, but then I read his comment history. 😀
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u/Far-Investigator1265 2d ago
https://en.wikipedia.org/wiki/Economic_policy_of_the_Joe_Biden_administration
"The first year of the Biden presidency (2021) saw strong growth in real GDP, wages, employment, stock market returns, and household net worth, coupled with an increase in inflation, as the economy recovered from the pandemic recession of 2020. During 2022–2023, the unemployment rate averaged 3.6%. By April 2024, the unemployment rate had remained below 4.0% for the longest sustained period since 1953.\3])\4]) Monthly job creation averaged a robust 402,000 from inauguration through February 2024, or 273,000 from June 2022, when the pre-pandemic jobs level was regained.\5]) However, past this point unemployment continued to increase to 4.3% in July 2024.\3]) Inflation increased up to 9.0% (measured vs. a year earlier) in June 2022, then began falling. By June 2023 inflation was 3.1% and remained around that level through June 2024. As of November 2024, the inflation rate was 2.7%, with rent price increases contributing roughly half.\2]) While inflation was similar to peer countries, the U.S. has outgrown its peers.\2]) The Federal Reserve rapidly raised a key interest rate from March 2022 until August 2023, and is expected to lower interest rates in the second half of 2024.\6]) The stock market repeatedly broke record highs in 2024.\7])"
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u/LOUDCO-HD 1d ago
Just make the products here
Those products that you currently buy are made by people who earn $10 a day. Let's see how much you like how much they cost when they're made by people whose unions demand twice that an hour!
Also, you don't build a textile mill in anything less than several years. Plus, you need to import your raw materials, on which the Great Orange Buffoon has bestowed additional tariffs. The USA will never regain its post World War II manufacturing might.
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u/MasklessGod 2d ago
Remember that time when the media lied about Joe Biden’s declining mental state and then when he debated Trump and it was obvious Biden couldn’t make a complete sentence and needed help walking off stage? After which Biden’s own party of peace love and fairness turned on him like a pack of wild jackals? Or the countless deaths that were caused by the peaceful protesters that caused billions in damages? Or the fact the left tried every legal/illegal trick in the book to jail their political opponents?
Let me guess, orange man bad and bubububut J6 😆
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u/ku2000 2d ago
Lol. Wild Maga appears! Pokes himself in confusion!
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u/Steak_mittens101 2d ago edited 2d ago
countless deaths
Wooh boy, this one’s cooked.
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u/Baronsandwich 2d ago
To be fair, he/she/they probably actually can’t count
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u/MasklessGod 2d ago
No need to declare my gender. I’m not insecure like the mentally ill.
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u/Appl3sauce85 2d ago
Good for you, girl.
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u/MasklessGod 2d ago
Go figure a blm riot death denier on reddit. The biggest sand patch for lefty ostriches.
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u/hugoriffic 2d ago
Dementia Donnie is Putin’s cuck.
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u/MasklessGod 2d ago
Do Biden now, I’ll wait.
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u/cmonman1942 2d ago
I hear you, but that's tier one thinking, bro. You need to make the harmonic leap to turquoise.You're in green.
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u/Next_Poem7318 2d ago
What about what about what about what about
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u/GENDERFLUIDRAHHH 2d ago
No, this is just fucking stupid. Look at the market. Most companies are so far down that this crash looks purposeful
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u/Glittering-Floor-623 2d ago
Trump hasn't said a single actually intelligent, reasonable statement in his entire time in politics.
What "countless deaths"? Where? And we're ignoring all the known damages etc caused by opportunists and outright eight-wing instigators, right?
"Lock her up!" sound familiar?
And where is this "the left!!"? Harris is Center-Right. As is Biden. As is the entire Democratic party. And the vast majority of Democrat voters.
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u/TopLiterature749 2d ago
Don’t mind them. Since they don’t know where the playing field is with tDump that they need to keep moving the goal post as to not feel like they were tricked.