President Donald Trump - J.D. Vance Administration

#22,077
#22,077
NorthDallas40 said:
The best news would be to never hear the word tariff out of this administration again.
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I don't know enough about tariffs to say this is good or bad. I am hopeful this strategy is successful. It's still early and he can pull them back as needed.
I am 100% sure we are paying our income taxes next year. No way they let the gravy train end.
 
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#22,078
#22,078
#22,079
#22,079
Glad to see the market moving forward and ignoring the depression skyscreamers ...

From the article:

The Dow Jones Industrial Average and S&P 500 brought their winning streaks to nine days on Friday as the latest jobs report kept cautious optimism about the economy intact.

The Dow Jones Industrial Average rose 564 points, or 1.4%. The S&P 500 gained 1.5%. The Nasdaq Composite was up 1.5%.

The S&P 500 is now riding its longest winning streak since Nov. 5, 2004, while the Dow matched a nine-day streak in December 2023. The two indexes hadn’t risen together for nine sessions in a row since Jan. 3, 1992, according to Dow Jones Market Data.

www.barrons.com

S&P 500 Notches Longest Winning Streak In More Than 20 Years

The Dow Jones Industrial Average and S&P 500 brought their winning streaks to nine days on Friday as the latest jobs report kept cautious optimism about the economy intact. The Dow Jones Industrial Average rose 564 points, or 1.4%. The S&P 500 gained 1.5%. The Nasdaq Composite was up 1.5%. The S&P
www.barrons.com www.barrons.com
 
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#22,081
#22,081
rekinhavoc said:
I don't know enough about tariffs to say this is good or bad. I am hopeful this strategy is successful. It's still early and he can pull them back as needed.
I am 100% sure we are paying our income taxes next year. No way they let the gravy train end.
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It doesn’t take a PhD in Economics to know that issuing excessive tariffs across your entire trade partner catalog is a pretty damn idiotic thing to do. If you need a graphical example of how idiotic they are go look at the markets from April 2-7 as an indicator. Likewise go look at the soon following days where the idiotic tariffs were immediately rolled back and the corresponding market response.
 
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#22,082
#22,082
NorthDallas40 said:
It doesn’t take a PhD in Economics to know that issuing excessive tariffs across your entire trade partner catalog is a pretty damn idiotic thing to do. If you need a graphical example of how idiotic they are go look at the markets from April 2-7 as an indicator. Likewise go look at the soon following days where the idiotic tariffs were immediately rolled back and the corresponding market response.
Click to expand...

Agreed, unless it works.
 
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#22,083
#22,083
NorthDallas40 said:
It doesn’t take a PhD in Economics to know that issuing excessive tariffs across your entire trade partner catalog is a pretty damn idiotic thing to do. If you need a graphical example of how idiotic they are go look at the markets from April 2-7 as an indicator. Likewise go look at the soon following days where the idiotic tariffs were immediately rolled back and the corresponding market response.
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Not arguing. Just hoping it works.
 
#22,084
#22,084
hog88 said:
Agreed, unless it works.
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If suiciding the economy in rapid fashion is the desired outcome it worked perfectly.

All Trump had to do is pull back regulation and let the markets run. He was given a situation set to take off. Instead he made one of the worst policy decisions in the last 100 years and had to crawfish it back and try to save face while the entire month of April was pissed away. And oh by the way the markets had already started a mild pull back due to all the tariff speak before April 3. We still aren’t back to the mid February levels.
 
#22,085
#22,085
Chris Krebs, the former government cybersecurity leader whom tRump targeted for investigation for affirming the integrity of the 2020 election, said he was “outraged” Monday at the Trump administration’s gutting of cyber personnel. Don't piss the Orange Top clown or you're gonna get it!

www.nbcnews.com

'Absolutely outraged': Former cyber official targeted by Trump speaks out after cuts to U.S. digital defense

Former cybersecurity official Chris Krebs led the Cybersecurity and Infrastructure Security Agency during Trump’s first term.
www.nbcnews.com www.nbcnews.com
 
#22,087
#22,087
NorthDallas40 said:
If suiciding the economy in rapid fashion is the desired outcome it worked perfectly.

All Trump had to do is pull back regulation and let the markets run. He was given a situation set to take off. Instead he made one of the worst policy decisions in the last 100 years and had to crawfish it back and try to save face while the entire month of April was pissed away. And oh by the way the markets had already started a mild pull back due to all the tariff speak before April 3. We still aren’t back to the mid February levels.
Click to expand...

It hasn't suicided yet.
 
#22,091
#22,091
BowlBrother85 said:
DACA, and the Republican opposition to it, changed a lot of things about liberal sentiments towards illegal immigrants, especially those who were law-abiding, fully assimilated, educated citizens that were brought here as infants, some of whom had never known life in Mexico .... and didn't even speak Spanish.
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That's your problem. You don't think with your brain.
 
#22,092
#22,092
hog88 said:
Should have never been a "bailout" and should have never had any shutdowns of private business.
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Should never had been a second bill in 2021. In Q1-2020 during the fog of war, no one knew for sure about anything regarding Covid.
 
#22,094
#22,094
NorthDallas40 said:
It doesn’t take a PhD in Economics to know that issuing excessive tariffs across your entire trade partner catalog is a pretty damn idiotic thing to do. If you need a graphical example of how idiotic they are go look at the markets from April 2-7 as an indicator. Likewise go look at the soon following days where the idiotic tariffs were immediately rolled back and the corresponding market response.
Click to expand...
Whats more idiotic….continue to do what we have done (classic definition) or try something different?
 
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#22,097
#22,097
hog88 said:
Nowhere close to that.
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A 13% pull back in 5 days and still trending down after the orange one popped off with his idiotic tariffs. And it only changed direction when he rescinded the broad list of them and rolled back some to 10%. And continued to improve after he started rolling out exemptions.

It was an unforced error and one of the biggest policy blunders in a hundred years.
 
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#22,098
#22,098
Buddy’s Bandit said:
Whats more idiotic….continue to do what we have done (classic definition) or try something different?
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There are more options than only the two you offered. What’s clear is the idiotic choice that was made wasn’t the right path and was quickly walked back.

Go after China. By all means. However applying tariffs to penguins in Heard and Marshall Islands likely won’t yield much ROI
 
#22,100
#22,100
hog88 said:
Old guys are sceeered of change and taking chances....
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Some of us can just see really idiotic policy decisions for what they are and not need to see the economy implode before we call it.

Also when the inventor of the equation that they used publicly states they applied it wrong and even screwed up the basic math in doing so that’s another indication I’d guess.
 
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