211–220 of 287 posts
Peter Navarro is the big driver of Trump's economic approach (and he's a mercantilist quack): https://hatchetmedia.substack.com/p/the-man-behind-trumps-wa... (podcast with Justin Ling, a great independent journalist) and https://www.bugeyedandshameless.com/p/beggar-thy-neighbor-be...
also a long-time China hawk (like on the far end of hawkism)
"the only diplomats who were more treacherous and disingenuous than the Canadians were the Communist Chinese."
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> The only thing more absurd is the fact that some people didn't see this coming. He signalled everything that he's doing now during his campaign, over and over. Right, I think it's less that they "didn't see it coming" and more so a basic lack of understanding around how anything works and a complete trust in perceived wealth and authority. The vast majority of people I know that fell into the camp of voting this in…
I'm in an area of the country in which he won easily in the polls. Whenever I hear the "run the country like a business" line, I always ask "What's the product? And who is the customer?". I haven't received an actual answer yet.
Perhaps ask if they think we should hire more LEOs to sit on the roads to write more traffic tickets to generate revenue to make profits to pay for more things including salaries and bonuses to our government officials... Like how businesses run (paying bonuses for being more profitable). What perverse incentives and outcomes might that lead to?
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They're busy trying to pass a continuing resolution on Republican-only votes the keep the government open. Because heaven forbid both parties compromise.
The compromise between fucking insanity and good governance is not agreeing to go half way into fucking insanity. Meeting an unreasonable person half-way is giving them a blank cheque to become more unreasonable. All it does is tell them that you're a sucker.
Getting half of what one wants and not being driven off a cliff can be preferable to smiling in moral smugness while the car arcs through the air.
It'll be wild to see how Congress responds.
It's commonly said Presidents get 100 days in office to enact the bulk of their platform. It's an approximation, of course, but it's about then that the new-to-office approval rating bump starts to wane and Congress starts gearing up for midterms. We're about half way there. If the economy is in bad shape in May, I would not be surprised if Congress intervenes on tariffs. The fear of being primaried by MAGA loyalists…
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You are ignoring how trump focused far more on hurting people they don't like(immigrants , trans people and minorities) than on any actual economic policy. He and the Republicans fomented a hate wave and he rode it right back into the White House. So damn shameful for this country
Yep. MAGA is a hate movement.
Remember, this is the president that won largely because of people's dissatisfaction with inflation, and his promises to "fix" the economy. Instead, he's decided to wage a pointless trade war that nobody asked for, and came out yesterday essentially saying he's totally okay with a recession coming out of it. The only thing more absurd is the fact that some people didn't see this coming. He signalled everything that h…
My guess is that his supporters are so entrenched in their position that they won't care. Trump channelled their anger at how broken the American Dream has become, and they're probably OK getting personally singed if it means the whole thing burns down. However, it will likely be a rude awakening on the other side for them, especially if they find that some of their entitlements were cut (just as they come to need th…
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The compromise between fucking insanity and good governance is not agreeing to go half way into fucking insanity. Meeting an unreasonable person half-way is giving them a blank cheque to become more unreasonable. All it does is tell them that you're a sucker.
Depends on what cards one is holding. Getting half of what one wants and not being driven off a cliff can be preferable to smiling in moral smugness while the car arcs through the air.
It doesn't engage in positive-sum games.
This administration is either intentionally performing market manipulation or is simply incompetent. Either way, we all lose. Hope the general populous is happy with their choice, lol.
The administration is trying to definancialize the economy. Everything points in that direction, from tariffs to foreign policy moves that would reduce the dollar’s status as a reserve currency.
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> There were 5 such drops in 2020, 4 in 2022, and 1 in 2023. Somehow, the nation avoided ruin during those periods Come on, look at your numbers. Recession in 2020 with 5 blips on the monitor. Last quarter we saw negative real GDP Q1 ‘22, 4 blips. 1 blip in ‘23 and none in ‘24 while the economy did so well prices overheated. Now we’re seeing 1 blip in Q1. If we annualise that to 4 blips, it puts us back in the last y…
I am looking at the numbers. And what the numbers show is that a 10% drop happens on average every 1.2 years and is not something that needs Congress to get involved in every time it happens. If you can't tolerate 10% drops on a regularly occurring basis, the answer is not to beg Congress for help, it is to invest in something safer with lower returns.
After the election I know Canadian and colleagues from other countries thought of moving to US for an easier time building a business. Curious if anyone from the founder / small business crowd has had this feeling and either is still interested/happy with such a move? Or regretting it? IIRC Culturally it was said by many that the US is much better that EU / Canada for building a business as US rewards ambition. While…
To be fair, as a Canadian, I think starting a business anywhere else is better than in Canada, except maybe Germany? (Apologies to our dear Germans; my sense of humor isn’t the best.)