Trump Administration Predictions (19 Viewers)

[Thales750]

They're still skimming their millions from the NGO scams.

Trump skimmed a half a billion from the financial markets by using tariffs to swing the markets, then he capitalized on it with insider trading.

 

[Thales750]

Lay off the ad hominem attacks. They are boring and beginning to be annoying. YOUR race to the bottom is when you simply demean someone else who happens to think differently than you. Today I'm calling you out as a member who has endured your empty name-calling for entirely too long. You continuously demean the members who see things in a different light. But it is our right to do so. Live with it!

I think a real problem in all of this mess is Congress, which has allowed profligate spending for DECADES and has been anywhere from negligent to spineless in attacking the real problems of the budget. Trump is trying to cut off the sources of waste, fraud, and abuse. So many groups have lost self-sufficiency that now they moan, whine, or even shriek about how those cuts will doom us all if we don't study "The Vortex Effects of Butterfly Farts During Flight" because it is a crucial study related to "the butterfly effect" and without it, we are all doomed. (Side note: If any of you actually develop a grant for such a study, don't forget where you got the idea.)

Campaign promises are a fact of life and protected by the 1st amendment, but promises to bring things back to your constituents is a form of bribery, reminiscent of a New Orleans Mardi Gras parade where the float riders toss trinkets to the crowds who then go home feeling exhilarated for having caught a "Made in China" trinket sold in batches of 100 for $10. Too many people have a "what's in this for me?" attitude and that is a huge part of this nation's problem.

every answer you make in defense of the Fanciest Dictator wannabe, Constitution breaker as about the bad little democrats. I really don't bored are tired. You're never gonna admit any failings of your party even as the destroy the rule of law, and ruin our economy. So be annoyed, I really don't it's you people that are feed the fuel

America is losing to China and your people are getting richer off it.

 

[Thales750]

It also has an enormous number of illegal aliens draining all their resources.

I keep thinking you will hit rock bottom on you delusion of how immigrant labor works, but I see there is no bottom. I have never seen anyone so miss informed be so confident.

I can't believe more people don't call you out on this, they're probably just brainwashed by the same propaganda. Emigrant labor whether Legal or Illegal create economy and build wealth.

I know, we shouldn't let these economic facts gets in the way of truth, now should we.

 

[The_Doc_Man]

America is losing to China and your people are getting richer off it.

You should look at the reports on China by Chris Chappell and his YouTube series China Uncensored. He's not the only person exposing the grave weaknesses that are showing up in the PRC because at least three or four other sources are showing the severe cracks in the Chinese hold over their population. YouTube also hosts a series called China Observer which has addressed their population issues. If you bother to look, you might find some interesting viewpoints that don't match yours. But then again, you might wish to ignore something that suggests your views are wrong.

China is losing to itself.

Their birth rate has tanked because the population sustainment rate is 2.2 (give or take a few percent) children per family but it is now verging at 1.0 or less than 1. In a generation, their birth rate will be less than half of its rate 20 years ago. See this article:

Their worker/age demographic has tanked because their one-child-per-family action of a couple of decades ago pre-trimmed the workers in the generation that SHOULD be (but is not) filling the 40-50-year-old range, and their 60-70-year-old range is dying out. (Even China can't get work out of a dead horse.) Not only that, but because Chinese families wanted boys (to support the parents in their old age) thus leading to abortions for girls, there was a gap in marriage-eligible fertile females.

Their internal real-estate economy has tanked because they did a Ponzi scheme on themselves to finance high-rise housing for their population, but that bubble burst before anyone COULD move in, and now there is nothing to move into. The builders didn't have enough money to finish the buildings. Some of those buildings, because they were incomplete, have collapsed.

Their infrastructure (roads, bridges, dams) is in the process of tanking because of graft, corruption, and shoddy materials. They've lost several major highways and a couple of massive bridges. Also, a couple of lesser dams failed. Here's one recent article on a bridge collapse, discussing their "tofu-dreg" steel that doesn't have the strength it needs due to shoddy structural materials.

Their current generation of young adults has lost hope of ever getting ahead in the Chinese economic environment so they have gone "on the dole" and are doing the least work possible to still get government support. See this article:

I see different things than you do. Go worry about China, but right now INDIA is the Earth nation with the highest population. I have now given you some alternate sources that might affect your view of China's threat.

 

[AccessBlaster]

I keep thinking you will hit rock bottom on you delusion of how immigrant labor works, but I see there is no bottom. I have never seen anyone so miss informed be so confident.

I can't believe more people don't call you out on this, they're probably just brainwashed by the same propaganda. Emigrant labor whether Legal or Illegal create economy and build wealth.

I know, we shouldn't let these economic facts gets in the way of truth, now should we.

Not to worry Thales750 everything is cyclical. Before you know it Gavin Newsom will be the President. The border will be wide open and the states will be run like California. It will seem like the meds are working again.

Or J.D. Vance gets elected and the nightmare continues.

 

[Pat Hartman]

Trump skimmed a half a billion from the financial markets by using tariffs to swing the markets, then he capitalized on it with insider trading.

I'm sure you know for a fact that Trump is engaging in insider trading. Where do you get this particular "fact"? Please share your source.

Strangely enough, there are no laws to prevent the President from participating in insider trading. However, there are laws against Congress doing so. Doesn't seem to stop them though does it. There is a fund out there that tracks the trades of Nancy's husband and it does EXCEPTIONALLY well. Funny about that.

I keep thinking you will hit rock bottom on you delusion of how immigrant labor works,

Your problem is that you have NO UNDERSTANDING of the difference between LEGAL and ILLEGAL immigration. And then there are the perpetual ad hominem attacks which are boring to all of us.

 

[Pat Hartman]

I can't believe more people don't call you out on this, they're probably just brainwashed by the same propaganda.

Because they all know the difference between LEGAL immigration and Illegal immigration. This country has always welcomed legal immigrants and still does today. In fact, we are the MOST welcoming country in the entire world. It is the illegal immigrants which are bad for our country and who are not welcome at all.

 

[Pat Hartman]

their birth rate will be less than half of its rate 20 years ago. See this article:

Guess that ONE child policy didn't work out all that well. Maybe they shouldn't have aborted all those female fetus'. Oh, I know, the men can carry the babies

 

[The_Doc_Man]

Guess that ONE child policy didn't work out all that well. Maybe they shouldn't have aborted all those female fetus'. Oh, I know, the men can carry the babies

Except that in China, the men are actually carrying the tax burden that led to the generation of do-nothings. Carry a baby? Even if they COULD (<wink><wink><nod><nod>) they are too busy making up for the various deficits caused by Chinese policies.

 

[RogerCooper]

Did you notice how many times during the Biden/Harris administration the numbers were changed downward? THAT was why the person got fired. They were incompetent.

As usual Pat, when the Republicans lose, you blame the referee. There was no criticism of the BLS by Republicans until the inevitable weak economic numbers came in.

Revisions are always needed in economic statistics as more data is collected.

 

[RogerCooper]

That's because there have been too many times when they put out a set of numbers, then say later "sorry, those were wrong- here they are revised". Trump felt, reasonably so I think, that there had simply been too much of that. Such a conclusion is subjective, but not at all unreasonable IMO. Trump felt that the "we made a mistake, here they are revised" technique had been used in a political manner.


Not necessarily. https://finance.yahoo.com/news/target-ceo-step-down-sales-162600244.html

..I've been saying that since the beginning. There are a half dozen ways to mitigate tariffs. Passing on the whole thing to the consumer in the form of a price increase is just one, and one that you shouldn't just assume is the only one happening.


Wrong again on this too. Texas has no state income tax, so it's about a wash. And the difference between the various states' sales tax is absolutely miniscule. I looked up Texas' and it looks about the same as mine, nothing special there

Isaac, do you have any evidence that the BLS was acting in a political manner? Weak employment numbers were the obvious outcome of deporting workers.

Do you seriously think that Target and other retailers won't pass tariff costs to their customers?

Even in states with an income tax, the majority of households don't pay income tax. Texas also has a "Franchise Tax" a sort of VAT. Having no income taxes requires a lot of taxes.

 

[AccessBlaster]

There was no criticism of the BLS by Republicans until the inevitable weak economic numbers came in.

Not true.

By Molly Smith
November 15, 2024 at 7:50 PM UTC

Two key Senate Republicans excoriated the US government statistics agency responsible for monthly employment reports, saying recent large-scale revisions to initial figures show its “continued failures” in producing crucial economic data.
Senators Bill Cassidy and Susan Collins — who are in line for key roles next year overseeing the Bureau of Labor Statistics — said the agency’s inability to produce initially reliable numbers is “unacceptable,” according to a letter the two sent to the BLS on Friday.

 

[RogerCooper]

Not true.

By Molly Smith
November 15, 2024 at 7:50 PM UTC

Two key Senate Republicans excoriated the US government statistics agency responsible for monthly employment reports, saying recent large-scale revisions to initial figures show its “continued failures” in producing crucial economic data.
Senators Bill Cassidy and Susan Collins — who are in line for key roles next year overseeing the Bureau of Labor Statistics — said the agency’s inability to produce initially reliable numbers is “unacceptable,” according to a letter the two sent to the BLS on Friday.

A good point but the larger revisions during the Biden administration were part of the COVID chaos. Private companies also frequently issue revised financial information. The letter was issued after the November election because didn't seem to care before.

Weak job growth is not a surprise when Trump is deporting workers.

 

[AccessBlaster]

A good point but the larger revisions during the Biden administration were part of the COVID chaos. Private companies also frequently issue revised financial information. The letter was issued after the November election because didn't seem to care before.

Weak job growth is not a surprise when Trump is deporting workers.

Erika McEntarfer made a significant statistical error and paid the price, it was the 2nd largest in BLS history.

 

[Isaac]

Isaac, do you have any evidence that the BLS was acting in a political manner?

Nope, I'd just match up the 'revisions' they would make to the current political climate and use common sense to derive that.

 

[Isaac]

Do you seriously think that Target and other retailers won't pass tariff costs to their customers?

They have openly stated they have several ways of mitigating tariffs (which I think is already obvious). Price increases may be one of them, but clearly not the only one. There are a lot of points at the supply chain - the final retailer is just the last one of many.

Yes, I seriously think they'll use every tool at their disposal - perhaps including price increases.

 

[RogerCooper]

Erika McEntarfer made a significant statistical error and paid the price, it was the 2nd largest in BLS history.

A revision is not an error. It is an updating of a past report based upon newly received data. This is routine in economics and finance. No evidence of an error has been presented.

In Greece & Argentina, heads of government statistical office were prosecuted for revealing budget deficits (neither was convicted). The head of the 1937 Soviet Census was executed for reporting too few people.

Nope, I'd just match up the 'revisions' they would make to the current political climate and use common sense to derive that.

The common sense conclusion would be that Trump plans to fire anyone who issues unfavorable economic statistics rather than admit failure of his anti-free market policies. That is better than fate of Mikhail Kurman, who Stalin executed for reporting accurate numbers.

If no one believes the government economic statistics, who would us the US$ or invest in the US.

 

[Steve R.]

Do you seriously think that Target and other retailers won't pass tariff costs to their customers?

Your focus over tariffs is incomprehensible. Companies will pass on all costs imposed by the government onto the consumer.

 

[RogerCooper]

Your focus over tariffs is incomprehensible. Companies will pass on all costs imposed by the government onto the consumer.

For the most part they will. Why do you think higher prices and a lower standard of living are good things?

 

[AccessBlaster]

A revision is not an error. It is an updating of a past report based upon newly received data. This is routine in economics and finance. No evidence of an error has been presented.

She rushed the jobs report in order to give the Biden administration some much needed good news. It backfired spectacularly and a revision was inevitable.