Asia Studios Massage

Tariffs are illegal

princekwekua

Well-known member
Oct 26, 2021
2,134
2,018
113
U.S. trade chief doubles down on tariffs as Canada pursues new partners
Thanks to the SCOTUS, the worst Trump can do now is a 15% tariff which expires in 150 days. So Canada must not allow permanent tariff to be a part of any new deal. We should stand firm. No deal is better than a bad deal
 

Phil C. McNasty

Go Jays Go
Dec 27, 2010
31,035
8,548
113
This is exactly what I been saying all along


@ 2:48


Financial news anchor Sara Eisen from CNBC appeared on the talk show on Thursday, where the panel quickly descended into squabbling over Trump's tariffs.
Goldberg asked her: 'It seems that the market doesn't really pay attention to who is president, the market does what it does.'
Eisen responded matter-of-factly: 'The market likes who is president. There's a lot of upbeat sentiment from companies and from investors about policies that are helpful for growth.'

Seemingly looking for something negative to talk about, Sunny Hostin interrupted Eisen, who was in full swing, asking: 'Do you think the tariffs are helpful for growth?'
'The tariffs usually wouldn't be helpful for growth, but they haven't been as bad as everybody expected', Eisen said.
 
Last edited:

Frankfooter

dangling member
Apr 10, 2015
107,913
32,212
113
This is exactly what I been saying all along


@ 2:48

'Haven't been as bad as expected'
Wow, such great news.

Combine that and Epstein and it must be time for war.
 

squeezer

Well-known member
Jan 8, 2010
26,112
21,942
113

Phil C. McNasty

Go Jays Go
Dec 27, 2010
31,035
8,548
113
Did you hear her agree that it doesn't help the middle class and the lower class???

Did you actually listen to the entire clip?
If the middle-class and lower-class learned how to invest properly, it could help them too.

Problem is, many of them either dont know how to, or plainly cant be bothered
 

squeezer

Well-known member
Jan 8, 2010
26,112
21,942
113
If the middle-class and lower-class learned how to invest properly, it could help them too.

Problem is, many of them either dont know how to, or plainly cant be bothered
The point is, he's hurting the middle class and the lower class. Investing can go either way and some folks prefer working and putting extra funds into savings.


'By Far The Worst Number We've Seen': Emerson Pollster Breaks Down Latest Trump Approval Ratings

 

Phil C. McNasty

Go Jays Go
Dec 27, 2010
31,035
8,548
113
The point is, he's hurting the middle class and the lower class. Investing can go either way and some folks prefer working and putting extra funds into savings
Tariffs are not hurting the lower-class and middle-class as much as some are claiming it is
 

squeezer

Well-known member
Jan 8, 2010
26,112
21,942
113
  • Like
Reactions: Daniel74747474

Phil C. McNasty

Go Jays Go
Dec 27, 2010
31,035
8,548
113

Daniel74747474

Active member
Jan 19, 2026
177
164
43
$1700 isn't hurting folks??? Especially when Medicare and other social programs have been cut?

$1700 doesn't seem like a lot to most folks here, but for families that are making $40-50k, $1700 is quite a lot
 

squeezer

Well-known member
Jan 8, 2010
26,112
21,942
113
Let's try again and hopefully make you see the light so you can smell the fresh air!! I know you won't read the entire article so I pulled out some of the important tidbits. You're Welcome.


"The deteriorating state of the country’s fiscal balance threatens to extinguish the benefits of America’s strong economy. Under current policies, general government debt—the measure of how much more the country is spending than taking in—could hit 140% of GDP in the next five years, according to the IMF, possibly more than $50 trillion. The agency noted a troubling paradox in recent policy shifts. While tax and spending changes legislated mostly through the Trump administration’s One Big Beautiful Bill Act last year are expected to modestly boost economic activity this year and next, they’ll be overshadowed by increased spending and lower tax revenue that continue to push federal debt higher.


Trump has framed his tariffs as a key measure to bring in more revenue and reduce the deficit, but Georgieva implicitly pushed back against that narrative. She called U.S. tariffs a “headwind to even stronger growth” that dragged down productivity. In the story of a strong U.S. economy, “we could have seen more of the good news” without the penalizing effect of tariffs, she said."

" The IMF calculated the deficit to be 5.9% of GDP last year, and argued that lowering it to that target would require significant spending cuts and increases in government revenues. Much of the IMF’s policy prescription went against the Trump administration’s stated agenda of sweeping tariffs and reduced immigration flows. The agency recommended replacing tariffs with a destination-based consumption tax similar to VAT—a type of tax borne by consumers that tends to have a neutral impact on trade; a significant restructuring of expensive programs including Medicare and Social Security; and implementing a skills-based immigration system to keep the labor market competitive. "
 
  • Like
Reactions: Frankfooter

Phil C. McNasty

Go Jays Go
Dec 27, 2010
31,035
8,548
113
Let's try again and hopefully make you see the light so you can smell the fresh air!! I know you won't read the entire article so I pulled out some of the important tidbits. You're Welcome.


"The deteriorating state of the country’s fiscal balance threatens to extinguish the benefits of America’s strong economy. Under current policies, general government debt—the measure of how much more the country is spending than taking in—could hit 140% of GDP in the next five years, according to the IMF, possibly more than $50 trillion. The agency noted a troubling paradox in recent policy shifts. While tax and spending changes legislated mostly through the Trump administration’s One Big Beautiful Bill Act last year are expected to modestly boost economic activity this year and next, they’ll be overshadowed by increased spending and lower tax revenue that continue to push federal debt higher.


Trump has framed his tariffs as a key measure to bring in more revenue and reduce the deficit, but Georgieva implicitly pushed back against that narrative. She called U.S. tariffs a “headwind to even stronger growth” that dragged down productivity. In the story of a strong U.S. economy, “we could have seen more of the good news” without the penalizing effect of tariffs, she said."

" The IMF calculated the deficit to be 5.9% of GDP last year, and argued that lowering it to that target would require significant spending cuts and increases in government revenues. Much of the IMF’s policy prescription went against the Trump administration’s stated agenda of sweeping tariffs and reduced immigration flows. The agency recommended replacing tariffs with a destination-based consumption tax similar to VAT—a type of tax borne by consumers that tends to have a neutral impact on trade; a significant restructuring of expensive programs including Medicare and Social Security; and implementing a skills-based immigration system to keep the labor market competitive. "
Go get laid or something, @squeezer.

Nobody gives a shit about your tariff whining.
Even CNN has given up
 

Frankfooter

dangling member
Apr 10, 2015
107,913
32,212
113
LMAO, The Supreme Court shut him down and he's now is going to be shut down by Congress. Phil, are you into the 24 already or are you just MAD again because you can't handle the truth? Remember, watch your blood pressure!!!
That's as close as you'll get to Phil admitting he was wrong.
Now he just wants to move and and pretend he hasn't been pushing tariffs for a year.
 
If the middle-class and lower-class learned how to invest properly, it could help them too.
Problem is, many of them either dont know how to, or plainly cant be bothered
No, much of the middle class is struggling to pay their rent, mortgages and food. About 80% of investments are owned by the wealthiest. The market has been great for the wealthy who can afford to invest. It is based on rapid earnings growth by mostly the largest companies, benefiting from massive tax cuts like 100% write-offs vs. depreciation, lower rates, and many ways to manipulate global earnings to avoid taxes, which increase their profits.

They also benefit more from 3% inflation and are largely passing on the tariff tax to consumers or those they sell to.

When the middle class is facing increasing evictions and foreclosures, don't blame them for not investing when feeding the family is more important.
 
Ashley Madison
Toronto Escorts