Politics

[Hunter4752001]

Can't speak to the other figures, but the Australia figure is false. Under the 2005 Us Australia Free Trade Agreement we had a 0% tarrif with the US - until Trump broke the agreement by putting a tarrif on our steel and steel and aluminium. There is a 10% GST but that's a retail tax on all goods, imported or local.

 

[Tundra Tiger]

You keep bringing up about that 17 year old girl like trumps never been accused of sexual misconduct, it’s about as foolish as making the argument trump is good because Trudeau Putin Hilary Biden china or Zelenskyy is bad… TWO WRONGS DON’T MAKE A RIGHT. It’s completely possibly even likely for Canada to have poor leadership and the president of the United States to be a boar at the same time.

Hey now... don't go giving male pigs a bad name. I believe you meant to say "boor"...

 

[Tubby’s Canteen]

Hey now... don't go giving male pigs a bad name. I believe you meant to say "boor"...

My apologies to male pigs everywhere I corrected the spelling.

 

[Red Leg]

Looks like I'm probably wrong on this. Doesn't look like markets priced in tariffs as high as announced. Tomorrow is looking red.

So here are the lists of the "unfair" trade war tariffs
View attachment 676269
View attachment 676270
View attachment 676271
View attachment 676272

I guess we are still working on Canada's rate......Remember he posed for this picture with the 17yo girl, and resigned in the middle of the semester rather than face the investigation.
View attachment 676275

Thus far at least, this is what the market thinks. I easily can make the argument that the pain of a recession, perhaps the pain of a Bush/Obama recession, might be worth the cost from an economic perspective. From a political perspective however ..........

https://www.cnbc.com/2025/04/02/stock-market-today-live-updates-trump-tariffs.html

 

[deewayne2003]

You keep bringing up about that 17 year old girl like trumps never been accused of sexual misconduct, it’s about as foolish as making the argument trump is good because Trudeau Putin Hilary Biden china or Zelenskyy is bad… TWO WRONGS DON’T MAKE A RIGHT. It’s completely possibly even likely for Canada to have poor leadership and the president of the United States to be a boor at the same time.

NO I keep posting that image in response to Canadians making posts like they don't have issues of their own.... which they chose to willfully ignore while still spouting off quips and memes like their excrement doesn't stink.

You are correct, two wrongs don't make a right.

Another true statement - People who live in glass houses shouldn't throw stones.

 

[Wheels]

Thus far at least, this is what the market thinks. I easily make the argument that the pain of a recession, perhaps the pain of a Bush/Obama recession might be worth the cost from an economic perspective. From a political perspective ..........

https://www.cnbc.com/2025/04/02/stock-market-today-live-updates-trump-tariffs.html

...and we are long overdue for a recession.

 

[Tanks]

Liberation day......the start of the economic rebuild.

So much winning!

No doubt Wall Street will be drinking heavily.

I don’t get the logic. I buy goods from German companies manufactured in China. Before there was a 10% tariff. Now, there is a 25% tariff.

So, my cost for a $100 item was $110 and now it is $125. I pass those costs to you with my markup. How is it a win?

The only cheaper alternatives are other Chinese manufactured stuff with less quality and features.

End customer loses, I actually make more money as I am operating on a cost plus basis and my costs just went up.

 

[Red Leg]

...and we are long overdue for a recession.

Gold, on the other hand, likely will be looking pretty good. 3185 and rising.

 

[deewayne2003]

Thus far at least, this is what the market thinks. I easily make the argument that the pain of a recession, perhaps the pain of a Bush/Obama recession might be worth the cost from an economic perspective. From a political perspective ..........

https://www.cnbc.com/2025/04/02/stock-market-today-live-updates-trump-tariffs.html

True... but honestly we would have been in a recession years ago if not for military exports artificially propping up our GDP, so the economy has been artificially touted as successful for years.

So if we are going to go through a recession I would at least like for some good to come out of it by means of reshaping our trade deals - as wheels said.....

...and we are long overdue for a recession.

I don’t get the logic. I buy goods from German companies manufactured in China. Before there was a 10% tariff. Now, there is a 25% tariff.

So, my cost for a $100 item was $110 and now it is $125. I pass those costs to you with my markup. How is it a win?

The only cheaper alternatives are other Chinese manufactured stuff with less quality and features.

End customer loses, I actually make more money as I am operating on a cost plus basis and my costs just went up.

I'm willing to take the short term loss if it means bringing American jobs back, I've been through 911, sub prime crash and covid...... I say peel off the bandaid now and get it over with.

And maybe, just maybe you can buy those goods from an American company that makes them in the USA instead of buying from a German company who exports out of China.

I remember a short man with big ears from Fort Worth Texas named Ross Perot who said the following when I was in the 2nd grade.......

And he was right

 

[Tubby’s Canteen]

NO I keep posting that image in response to Canadians making posts like they don't have issues of their own.... which they chose to willfully ignore while still spouting off quips and memes like the excrement doesn't stink.

You are correct, two wrongs don't make a right.

Another true statement - People who live in glass houses shouldn't throw stones.

Perhaps you should practice what you preach, sexual misconduct goes back as far as Grover Cleveland. Not counting Jefferson slave/mistress.

 

[deewayne2003]

Perhaps you should practice what you preach, sexual misconduct goes back as far as Grover Cleveland. Not counting Jefferson slave/mistress.

Now this is just funny no matter what your leanings are
View attachment 676267

Or maybe your countrymen should keep their memes with no meaningful political comments in the lighter politics thread where they belong instead of posting them with no political comment where people openly discuss meaningful things? .....

especially ones that are so blatantly screen shots of AI images from their phone.

OH and even Trump's dumbass has enough common sense to not paint himself black like a minstrel show in the year of 2001!.... He does the classy thing of painting himself orange ;-)

 

[Tubby’s Canteen]

Or maybe your countrymen should keep their memes with no meaningful political comments in the lighter politics thread where they belong instead of posting them with no political comment where people openly discuss meaningful things? .....

especially ones that are so blatantly screen shots of AI images from their phone.

Yes because that is a Canadian only issue and never partaken of by Americans , seem to remember multiple postings of a foolish box of trumpinal or some other such nonsense. I agree whole heartedly there is a place for the memes and this isn’t it but it is certainly not a one sided issue.

 

[Red Leg]

True... but honestly we would have been in a recession years ago if not for military exports artificially propping up our GDP, so the economy has been artificially touted as successful for years.

So if we are going to go through a recession I would at least like for some good to come out of it by means of reshaping our trade deals - as wheels said.....




I'm willing to take the short term loss if it means bringing American jobs back, I've been through 911, sub prime crash and covid...... I say peel off the bandaid now and get it over with.

And maybe, just maybe you can buy those goods from an American company that makes them in the USA instead of buying from a German company who exports out of China.

I remember a short man with big ears from Fort Worth Texas named Ross Perot who said the following when I was in the 2nd grade.......

And he was right

I'll give you credit for coming up with a totally new export theory. You should publish it. Curious to what military exports you are referring, and of those, how are they remotely "artificial."

Over the last five years our military related exports make up a grand total of 7.8 % of total exports. That is a fairly consistent though on the higher end of the range in percentage of total over the last few decades (recent European concerns over Russia and Israeli requirements). It was much higher, as a percentage during the Cold War - that Arsenal of Democracy thing holdover. I should note the administration was engaged with Europe and the press yesterday and today assuring them we will continue to be reliable providers of their defense needs.

What do you consider "short term" loss? 6 months/ a year/ two years/ five?

 

[gbflyer]

New cars are way too expensive, interest rates are high, and there’s a glut of them sitting. The manufacturers are going to have to stop charging home prices for a new truck and absorb any tariff on imported components if they want to sell them.

 

[Tubby’s Canteen]

New cars are way too expensive, interest rates are high, and there’s a glut of them sitting. The manufacturers are going to have to stop charging home prices for a new truck and absorb any tariff on imported components if they want to sell them.

You honestly believe the average buyer sees past the size of his monthly payment? What is more likely is the lenders extend the maximum term another year so the monthly remains the same and charge a little more interest.

 

[Red Leg]

New cars are way too expensive, interest rates are high, and there’s a glut of them sitting. The manufacturers are going to have to stop charging home prices for a new truck and absorb any tariff on imported components if they want to sell them.

Easily said. Do you run a business? Do you run a publicly traded company? If you do, how would you react to someone suggesting you forego your profit margin for a year - two years - five years. A couple of data points to consider is that Ford had a profit margin of 3.8% last year and GM of 3.3%. That means the other 96.2% and 96.7% went, one way or another, into the cost of that car that you believe is way to expensive. How would the typical small business survive without a profit margin - or even one that small? How much do you suggest they cut? Where?

Another small data point. Ford was trading at 10.15 a share today and is down nearly 2% after close. GM was at 47.9 this afternoon is down almost 4% after close. How much of all that margin can they cut without a collapse?

 

[BWH]

Easily said. Do you run a business? Do you run a publicly traded company? If you do, how would you react to someone suggesting you forego your profit margin for a year - two years - five years. A couple of data points to consider is that Ford had a profit margin of 3.8% last year and GM of 3.3%. How would the typical small business survive with that margin? How much do you suggest they cut?

Another small data point. Ford was trading at 10.15 a share today and is down nearly 2% after close. GM was at 47.9 this afternoon is down almost 4% after close. How much of all that margin can they cut without a collapse?

Too big to fail…… right?!?

 

[Red Leg]

Too big to fail…… right?!?

GM certainly was during the Bush/Obama collapse to the ridicule of republican and libertarian economic conservatives. I wonder what their reaction will be should that happen today and Trump takes action to save either of them.

 

[Aaron N]

You honestly believe the average buyer sees past the size of his monthly payment? What is more likely is the lenders extend the maximum term another year so the monthly remains the same and charge a little more interest.

We picked the wife up a F150 in November, and buying it though the business helped ease the sticker shock we knew was coming. It amazed me how all the sales guys wanted to push the monthly payments, and looked at me like I had three heads for asking to see the total cost through ad the end of the payment terms.

 

[BWH]

][emoji6][emoji6]" data-quote="Red Leg" data-source="post: 0" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch">

GM certainly was during the Bush/Obama collapse to the ridicule of republican and libertarian economic conservatives. I wonder what their reaction will be should that happen today and Trump takes action to save either of them.

And what’s the correct action? I am truly interested. I do run a business and genuinely curious.