Yes, I agree. Just as with the production/consumption disruption, the current US administration seems to be abandoning the Pax Americana commitments that led to a world of interrelations and dependencies that went beyond trade and economics. This has huge implications. The usa still has a very large military capacity, but the balance of power and what it is going to be used for…these are now in flux in a way we have not seen in living memory.
This is exactly what they think.
For example, american car factories only make 70% of their capacity. European car factories currently export 50-60% of their product to the USA.
So if there is any idea with the tarriffs (debatable), it’s that the USA will have to grow domestic production (easy) while the rest of the world needs to shrink production (hard).
In other words, there are no other consumers rich enough to buy all this stuff.
How about you do all that and then sell me your product, and then I turn around and sell it to the customer and make 5X the money you make?
" I fully share your loathing of European free-loading. It’s PATHETIC.”
That’s the funny part: if Trump and the supreme court somehow finagle a new legal loophole for the constitution, then Obama will get elected.
Even if he wasn’t undead, it would be SUCH an upgrade.
It’s not like a felon could get elected?!
$0.16 USD or CAD?
Drink a covfefe.
“Stupid is as stupid does.”
The phrase carries the meaning of someone identified as stupid through their actions rather than their appearance.
The phrase means that stupid people will do silly things, and you can single them out by looking at their methodology and results with handling tasks.
Rolling back the odometer to the 1930s.
Uh, noooo. He got 5 out of 9 votes, fair and square, and won. It was a landmark decision.
send him back to South Africa
El Salvador might also be nice at this time of year.
At least Trump’s bathroom doesnt delete the documents.
The only way to respond is to blitzkrieg the media cycle and get them talking about something else outrageous.
Yeah, its a circular economy. So for example, all your federal workers spend, save, invest and pay taxes in the country.
I think this a good small example: https://www.nasa.gov/news-release/new-report-shows-nasas-75-6-billion-boost-to-us-economy/
NASA budget is about $25B
That money (which is respent in the national economy) adds $75B to GDP. 3:1 multiplier effect.
So by finding NASA by $25B you get most of it back again in taxes AND you get all the jobs, services, technology etc. Its a huge list of benefits that is basically paying for itself. That’s 300,000+ jobs and $10B in more downstream taxes…that counts against the $25B budget…it is really a net $15B tax spend to bring in $75B in GDP increase.
If you cut this program, you shrink the overall economy, drop.GDP AND lower future tax revenues. So when the money these programs spends is multiplied out through the economy in a circular way, the high price tag is a useless / pointless way to analyze the value of the return. You need to have the full systemic analysis or you’re just doing damage…
This is every government program. My own small business I can track higher sales when SSI checks go out. The grocery store lines are longer and all the seniors are lining up to get groceries when the checks arrive…
And even if you “save money”, what would you turnaround and do with it if not fund NASA and social security? Do they have a better idea? What else do we need that money for?
What are the odds that they saved the US money and kept it a total secret rather than to brag about it.
So low that I think this is a smoking gun that they failed to do so. We now know it didn’t work out because they are quiet.
Presidents were above the law for the final year of Biden’s term.
He chose to do nothing.
They don’t have the cards?!?
So it’s like you’re saying that the gold rush AI craze, crypto, meme stocks, property bubble inflation, money printing, uber and airbnb, side hustles and crowd funded health care aren’t as good as a real growing economy?
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