Trump changes his tune on the economy
(The Hill) President Trump is changing his tune on the economy, suggesting Americans should buy less and will probably pay more and bear the brunt of an uncertain economic landscape as his wide-ranging tariff policy takes effect.
Trump and his economic team have for weeks said the tariffs would result in only short-term pain and that the tumult in the stock market would eventually level out.
But the White Houses messaging has evolved from Trump on the campaign trail promising to lower prices and make America wealthy again to Trump suggesting the U.S. needs a cultural shift on consumer spending while accepting that his tariff plan will raise prices.
https://www.yahoo.com/news/trump-changes-tune-economy-100000073.html?.tsrc=daily_mail&segment_id=DY_VTO_CORE&ncid=crm_19908-1475736-20250508-0--A&bt_user_id=QU8QjY7ZKOQgbuZcGAO1s6afxv83ktppsV145FrHsMeTJhNyKmGhVEvqP0Mb1ayU&bt_ts=1746695301787

C_U_L8R
(47,254 posts)MAGA Fools are determined to set the record on getting fooled by this clown.
Bluetus
(1,018 posts)Yes, sounds like a winning message.
You don't need any Christmas gifts. Just give everyone good American pet rocks.
forgotmylogin
(7,832 posts)They can have three dollars, and should be happy with that, even though the dollars buy less.
(Which is the inverse of Donnies "moar moar MOAR - and paint it gold!" tendencies.)
True Dough
(22,908 posts)MAGAts should buy less of Trump's bullshit!
multigraincracker
(35,589 posts)He may end up the lamest of lame ducks for his last 2 years.
tanyev
(46,279 posts)
IronLionZion
(48,733 posts)There was a disturbing article posted yesterday about MAGA incel losers wanting a recession to get rid of the jobs they were rejected for. They have a delusional insecure sense of why the jobs don't want them. They want the opposite of "rising tide lifts all boats". They want to see others sink to their level out of jealousy.
Weak Men Create Hard Times https://www.democraticunderground.com/100220300324
underpants
(190,450 posts)Thanks for the link.
IronLionZion
(48,733 posts)deplorable losers want to burn it all down because they don't have much to lose.
usonian
(17,482 posts)Atomic batteries to power!
https://www.democraticunderground.com/100219770873
crud
(987 posts)not really...being sarcastic.
DemMedic
(412 posts)How does donny explain generational poverty?
Kablooie
(18,895 posts)But the citizens will be poorer because all that tariff money pouring into the countries coffers are coming out of citizens pockets
IbogaProject
(4,369 posts)The Biden administration's economic success was from the progressive COVID income support spending and his two big spending bills. The second was hobbled by bought turncoats within our own party. The wealthy cant cause economic growth compared to giving pay check to pay check people more. Much different follow on effects the wealthy spend slower and often within their own class and or far away. These moves are loosing moves to our economic growth prospects. The last 40 was tech based that at least helped the top 30 to 40 %. This won't even be rhat good as the climate breakdown acclerates to leathal conditions for us, our food and our ecology.
Attilatheblond
(5,821 posts)patphil
(7,775 posts)This is designed to take away hope for a better future.
They plan to use despair as a means of breaking the spirit of the people and transforming them into a docile working class; a class of serfs, just like they have in Russia, China, and North Korea.
lark
(24,979 posts)krasnov wants us to be russian style peasants existing in poverty, paying skyhigh prices for subsistence items, with no healthcare so we get sick and die and the rich steal all of our social security money.
piddyprints
(14,943 posts)that he would take Joe Biden's economy, the envy of the world, and turn it into shit. The only ones who will be surprised, if they're too dumb to not have noticed yet, are MAGA. SMDH I keep hoping we'll wake up in the alternate universe where we have a competent president again and the orange idiot is 6 feet under.
Attilatheblond
(5,821 posts)But, he's FINALLY admitting that his tariffs are causing unnecessary inflation and working people will suffer. Hope all the magas and non-voters remember this come the Mid-terms.
Montauk6
(9,074 posts)Yo_Mama_Been_Loggin
(122,600 posts)They all need another tax break.
bdamomma
(68,183 posts)"poor billionaires" can choke on it.
Warpy
(113,330 posts)from car parts to washing machines to coffee was going to pay for a hefty tax cut for billionaires.
He didn't expect it to kill imports, kill exports, implode the bond market, devalue the dollar, That made a lot of Republicans very unhappy. They hate it when their bullshit doesn't work, especially when the failure is both immediate and spectacular.
Ufortunately, they also tend to cling to that bullshit, so expect tweaking instead of the abandonment that needs to happen.
underpants
(190,450 posts)now its all theoretical. No man in the street stuff.
Project 2025 had a plan for cultural stuff but other than that there is no planning at all.
Ol Janx Spirit
(175 posts)...income taxes entirely; pay down the national debt; and, make everyone so rich they wouldn't know what to do with all of the money.... I'm definitely not a Turnip whisperer, but I don't remember any of his supporters saying, "what he really means is Christmas is going to suck and you can only have five pencils for the school year." Those of us who are not his supporters did warn of this reality, but I guess we just aren't privy to the higher-power-ordained-and-guided brilliance of it all.... /s
Coherence has never been a strong suit of F-47, but this tariff policy is incoherent even for him. The stated goals are even at odds with each other. If the goal is to eliminate trade deficits by opening up markets to American-made products then you have to negotiate the tariffs down to very low levels to encourage that trade. But if your goal is to bring back manufacturing to the US then you have to maintain very high tariffs for a very long time in order to force Americans to only buy goods made in America which will encourage manufactures to relocate here. Of course this also means prices go up and stay up as we lose access to goods made in far less expensive manufacturing markets. If your goal is to eliminate income taxes then you need to tariff every imported product at over 200% to even match current income tax revenues--much less exceed it and do other things like pay down the debt and make childcare free. Of course, in the process you decimate any American manufacturer that sold on the global market.
I guess he is getting his guidance from that totally real economist Ron Vara.... /s
underpants
(190,450 posts)Levying tariffs for production that doesnt exist is crazy. Domestic production doesnt exist (shoes phones etc) because that item would be too expensive and it would drain money for other products. We shop as an activity, almost like a hobby, something to do.
Ol Janx Spirit
(175 posts)...including allowing "infant industries" to grow or even keep other countries from influencing your society. And until WWII America had some of the highest tariff rates in the world. But to your point: that was an entirely different world. It wasn't until post WWII that everyday America really developed an apatite for mass-produced products from all around the world. By the mid-1950s the shopping mall was on the rise. The next 70 years would see a worldwide industrial effort to get a dizzying array of products in front of consumers. Tariffs do not make nearly as much sense in this new world of interconnected manufacturing and consumerism. Our economy is now based largely on consumer spending by the middle class. It feels very much like we just went to economic war with our own economy out of a misguided belief in an economic world that no longer exists.
FailureToCommunicate
(14,491 posts)Biden sez you can only have TWO dolls. Us zillionaires need more $$$
chouchou
(1,845 posts)Like ..."We're working on a big beautiful Heath Care system that will make everybody healthy....and "Evolving"
Or.....Our team is working on that and will have it ready for (insert what ever blows out his ass) or.."Evolving"
Oh Brother...
underpants
(190,450 posts)Then the messaging becomes to repeat (as usual) AND to exult him. Each one piles on top of each other escalating at each step .until he says something different ..
chouchou
(1,845 posts)It's so bizarre and all-over-the-place, I think of what the great physicist Richard Feynman said:
"If you think you understand quantum mechanics, you don't understand quantum mechanics"
Torchlight
(4,588 posts)Mr trump's next line: 'wait for the shake...'
BidenRocks
(1,427 posts)My dentist NEVER charged me regardless.
Today set me back $100 and next visit is $300.
He explained that the tariffs cut his ability to eat the bill.
Thanks chump you piece of shit!
NoMoreRepugs
(11,285 posts)Hassler
(4,303 posts)Like the morons in North Carolina who blamed Biden for last year's hurricane response, but are now blaming "the government" for Chump not sending FEMA aid.
underpants
(190,450 posts)Okay Look etc. trying to cut it off or to the bottom line so he doesnt have to talk about it anymore.
The fact that he thinks of dolls and pencils gives you an idea of how mis mind (isnt) works. I dont think my daughter ever had close to a total of 30 dolls.
Midnight Writer
(23,881 posts)He couldn't have come up with a better plan to destroy our economy if he was trying.
We truly are living in Bizzarro World.
Grokenstein
(5,992 posts)"Austerity" and Brexit over there, "short-term pain" and "five pencils" here. "Sunlit uplands" and "spectacular results" will always be, in the words of Herbert Hoover, "just around the corner." Feces-polluted coastal waters and international pariah status, on the other hand, hits immediately.
mdbl
(6,408 posts)Thanks for voting for higher prices morons.