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The Luster on the Economy is going to Come Off in 2025

1. Tariffs​

Trump’s plans to impose sweeping tariffs are likely to be one of the biggest threats to the economy, experts say.

The president-elect has vowed to penalize the country’s largest trading partners by levying tariffs — an extra 10 percent on Chinese goods and 25 percent on imports from Mexico and Canada — that economists say could quickly raise prices. The necessities that could soon be getting costlier range from big-ticket items such as cars and appliances to everyday basics like groceries and gas. During his campaign, Trump also discussed sweeping tariffs on all imports, not just from those countries, which would affect even more goods if implemented.

“Tariffs make things more expensive,” Alex Durante, an economist at the Tax Foundation, a right-leaning think tank, told The Washington Post. “They shrink the economy, and they make people poorer.”

New tariffs could cost the average household nearly $3,000 next year, amounting to about 3 percent of their after-tax income, according to estimates from the Tax Policy Center, a nonpartisan think tank.

Members of Trump’s transition team have pushed back against the idea that tariffs could spark widespread inflation. But economists say they’re bracing for an across-the-board hit that could dent economic growth, raise prices and spur job losses.

New tariffs, combined with retaliatory measures by other governments, could shave off 1.7 percent from U.S. gross domestic product and result in 1.4 million fewer American jobs, according to estimates from the Tax Foundation.


I’m old enough to remember when Democrats assured us that Trump would start WWIII and the stock market would crash in 2017.

Just rehashing old shit I see.
 
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No there wasn’t…. Because the world was falling into a depression after the Covid pandemic, dummy! We were in a recession worldwide at the time… Biden’s action during his first 100 days of office ended that threat.
The us was never in a recession under trump. It was under biden. There was no major inflation under trump. Prices are now up 22.5% on average post biden. Democrat policies are a disaster.
 
The us was never in a recession under trump. It was under biden. There was no major inflation under trump. Prices are now up 22.5% on average post biden. Democrat policies are a disaster.
The world was in a recession in 2020you phuquin’ moron! Because you are an ignoring sumbitch doesn’t mean we all are. Trump fiddled as the US burned. That is why Biden “landslided” Trump in November.
Rewrite history and spin your myths somewhere else.
 
The world was in a recession in 2020you phuquin’ moron! Because you are an ignoring sumbitch doesn’t mean we all are. Trump fiddled as the US burned. That is why Biden “landslided” Trump in November.
Rewrite history and spin your myths somewhere else.
Do you not know what a recession is? That leftist redefining attempt during the Biden years confuse you? Biden have us a recession. Fact. Biden gave us inflation. Fact. The us never had a recession or an inflationary crisis under trump. Sorry this reality is such a bitter pill to swallow.
 
Do you not know what a recession is? That leftist redefining attempt during the Biden years confuse you? Biden have us a recession. Fact. Biden gave us inflation. Fact. The us never had a recession or an inflationary crisis under trump. Sorry this reality is such a bitter pill to swallow.

3,200% of inflation occurred under Trump BEFORE the election....the data was posted numerous times
 
I’m old enough to remember when Democrats assured us that Trump would start WWIII and the stock market would crash in 2017.
Neither of the "assurances" you "remember" is true.

As an old guy who worries about forgetting things, I'm pretty sure remembering things that didn't actually happen is worse.
 
Where is this "Luster on the Economy" of which you speak?

I can see a lot of shifting in prices, imports, exports, wages, taxes, etc., going forward, but the luster on the economy is already missing.

Please do not mistake high housing prices and the associated "Wealth Effect" for "luster." That same kind of luster is all around us: Food, Gasoline, building materials, hotel rooms, dining out, even on used cars, and the list goes on and on.
 
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Where is this "Luster on the Economy" of which you speak?

I can see a lot of shifting in prices, imports, exports, wages, taxes, etc., going forward, but the luster on the economy is already missing.

Please do not mistake high housing prices for "luster." That same kind of luster is all around us: Food, Gasoline, building materials, hotel rooms, dining out, even on used cars, and the list goes on and on.
Then let’s be honest and admit “Bidenomics” has almost zero to do with this stuff! There’s a lot of “supply/demand” and weather phenomena that has a direct effect on food prices, housing prices and the like. “Bidenomics” has about as much effect on inflation as Trump’s tax cuts..
 
2.7 million lost jobs, >36% increase in trade deficit! Trump had us rolling alright! Right in the ****ing dumpster. He'll get us back too dumbass!
Biden still has the only recession to his name between them despite your cope. Enjoy those 23% price increases you think your side did good on.
 
CPI in December 2020 was 1.4%. Shut the f*ck up and own your L. The gas lighting isn't fooling anyone.
Yes….as America was still in the affects of the COVID pandemic.. and the world was sprinting headlong into a recession. All this, as Trump was playing his fiddle..preparing and organizing for the insurrection of January 2021….. A K A.. “Tourist Day at the Capitol”!
 
Yes….as America was still in the affects of the COVID pandemic.. and the world was sprinting headlong into a recession. All this, as Trump was playing his fiddle..preparing and organizing for the insurrection of January 2021….. A K A.. “Tourist Day at the Capitol”!
You're going off on random tangents now bc you can't dispute biden's recession or the 23% price increases democrat policies are responsible for. Neither of which occurred during trump. This is why you got spanked so badly in November. Bc only cultists buy the nonsense you're selling.
 
Neither of the "assurances" you "remember" is true.

As an old guy who worries about forgetting things, I'm pretty sure remembering things that didn't actually happen is worse.
Nice troll job!!! That's awesome! I can tell it's a troll because there is NO possible way you can be serious. You can't possibly be trying to say that all the dems on this board and everywhere for that matter, weren't predicting both of those things last time around.
 
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Honestly the economy is over due for a natural correction. The Great Recession is the last time it occurred. Trade wars and deportations aren’t going to help. But the pressure on consumer spending is real. As consumer spending goes so does the economy.
 
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You're going off on random tangents now bc you can't dispute biden's recession or the 23% price increases democrat policies are responsible for. Neither of which occurred during trump. This is why you got spanked so badly in November. Bc only cultists buy the nonsense you're selling.
No I am not. I am refuting your rewriting of history. That is all. Figures don’t lie but LIARS figure. In your case, statistics just don’t tell the story as it really happened.
Remind me how badly I got spanked last month? Seems to me, the real cultists here won that election.
 
Where is this "Luster on the Economy" of which you speak?

I can see a lot of shifting in prices, imports, exports, wages, taxes, etc., going forward, but the luster on the economy is already missing.

Please do not mistake high housing prices for "luster." That same kind of luster is all around us: Food, Gasoline, building materials, hotel rooms, dining out, even on used cars, and the list goes on and on.
GDP growth, stock price growth, consumer spending, job growth, etc are all currently strong. Taxes are low. Inflation is currently low. Interest rates aren’t particularly high. US is the leader in emerging technologies. Leader in military strength. The economy overall is strong on several fronts. There are weaknesses, but overall it is strong. The worries are consumers are near tapped. Our debt is high. And appears to have no political will to address it. Wealth inequality keeps a lot of money on the sidelines in poor economic multiplier activities.
 
GDP growth, stock price growth, consumer spending, job growth, etc are all currently strong. Taxes are low. Inflation is currently low. Interest rates aren’t particularly high. US is the leader in emerging technologies. Leader in military strength. The economy overall is strong on several fronts. There are weaknesses, but overall it is strong. The worries are consumers are near tapped. Our debt is high. And appears to have no political will to address it. Wealth inequality keeps a lot of money on the sidelines in poor economic multiplier activities.

A lot of manufacturing came back/created in the last 4 years
 
GDP growth, stock price growth, consumer spending, job growth, etc are all currently strong. Taxes are low. Inflation is currently low. Interest rates aren’t particularly high. US is the leader in emerging technologies. Leader in military strength. The economy overall is strong on several fronts. There are weaknesses, but overall it is strong. The worries are consumers are near tapped. Our debt is high. And appears to have no political will to address it. Wealth inequality keeps a lot of money on the sidelines in poor economic multiplier activities.
Perhaps you should have run for the Presidency over Kamala 😉
 
Then let’s be honest and admit “Bidenomics” has almost zero to do with this stuff! There’s a lot of “supply/demand” and weather phenomena that has a direct effect on food prices, housing prices and the like. “Bidenomics” has about as much effect on inflation as Trump’s tax cuts..
Yeah, let’s blame it on climate change. 😳
 
Leftists literally rewrote the definition of recession to try and claim biden didnt lead us into one. Shut. The. F*ck. Up. Pathetic gas lighting is pathetic.

800K fake jobs. Changed the definition of recession.

Biden Admin did both. Just the facts.

The only reason the US has had GDP growth the last three years is due to significant deficit spending. That’s it.

Biden did a shit job and lied all along the way.
 
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Nice troll job!!! That's awesome! I can tell it's a troll because there is NO possible way you can be serious. You can't possibly be trying to say that all the dems on this board and everywhere for that matter, weren't predicting both of those things last time around.
They probably didn’t because they were all in on the “There’s no way Trump can win” prediction. You know…like this time…again.
 
GDP growth, stock price growth, consumer spending, job growth, etc are all currently strong. Taxes are low. Inflation is currently low. Interest rates aren’t particularly high. US is the leader in emerging technologies. Leader in military strength. The economy overall is strong on several fronts. There are weaknesses, but overall it is strong. The worries are consumers are near tapped. Our debt is high. And appears to have no political will to address it. Wealth inequality keeps a lot of money on the sidelines in poor economic multiplier activities.

~$1,830,000,000,000 deficit in 2024

$882,000,000,000 in interest.

None of the rest of that shit matters in light of this insanity.


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Honestly the economy is over due for a natural correction. The Great Recession is the last time it occurred. Trade wars and deportations aren’t going to help. But the pressure on consumer spending is real. As consumer spending goes so does the economy.
Agreed.
 
Ins, drought, Yeah, let’s blame it on climate change. 😳
If you are looking for the reasons why, that’s probably Reason #1…weather has affected mist food groups greatly…only a fool (like you) would deny that. Shorter growing seasons, draught, crop destroying storms…all create supply shortages and that results in higher prices..
 
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If you are looking for the reasons why, that’s probably Reason #1…weather has affected mist food groups greatly…only a fool (like you) would deny that. Shorter growing seasons, draught, crop destroying storms…all create supply shortages and that results in higher prices..

Growing seasons are lengthening

 
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2.7 million lost jobs, >36% increase in trade deficit! Trump had us rolling alright! Right in the ****ing dumpster. He'll get us back too dumbass!

This is great. I have literally watched you exonerate Biden for any misgivings due to Covid than turn around and hammer trump. Lo ****ing l.
 
Wrong.
The reason it needs to burn is Radical Right voters never learn.
Bush1, Bush2, and Trump1 ended as disasters and yet people still vote for Republicans.

Just hard to comprehend.
That is NOT being partisan.
you are half right coz you fail to acknowledge that the numbers indicate that a lot more than the radical right ended up voting for trump2. something about biden1 (or potentially kamala1) must have terrified the hell out of them
 
GDP growth, stock price growth, consumer spending, job growth, etc are all currently strong. Taxes are low. Inflation is currently low. Interest rates aren’t particularly high. US is the leader in emerging technologies. Leader in military strength. The economy overall is strong on several fronts. There are weaknesses, but overall it is strong. The worries are consumers are near tapped. Our debt is high. And appears to have no political will to address it. Wealth inequality keeps a lot of money on the sidelines in poor bf rare” of economic multiplier activities.
Interest rates play very little in a “booming” economy…In ‘92 I bought my home at a “going rate” of 8.25% on a 30 year note… and the years from 93-‘00 the US economy was never more vibrant! I refinanced in ‘07 for about 7%… about 6 months marches bank called up (cold call) and offered me 3 1/2% and allows me TJ take 24 months off my mortgage after Junior and the sleeping Republicans “trusted” the Big Bankers into destroying the nation’s financial system in ‘08.
Bush Sr., Bush Jr., and Trump have trued their best to ruin me financially…Thank God there was Bill Clinton, Obama and Biden to bail my ass out each tine!
 
This is great. I have literally watched you exonerate Biden for any misgivings due to Covid than turn around and hammer trump. Lo ****ing l.
LOL, I'm simply pointing out how MAGATs blame Biden for the inflation caused by the COVID relief and excuse Trump for his COVID numbers. Neither Trump nor Biden deserve the blame. What an idiot you are.
 
LOL, I'm simply pointing out how MAGATs blame Biden for the inflation caused by the COVID relief and excuse Trump for his COVID numbers. Neither Trump nor Biden deserve the blame. What an idiot you are.

I’m the idiot? For pointing out your hypocrisy? Dumb ****ing douche.
 
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