MAGA economic policy. Trump thinks tariffs are taxes instead of what actually they are, punitive economic protections. The blanket China tariffs are Trump's wrath and vengeance. Every Amazon and Walmart shopper will feel the sting of government imposed inflation.
Starting three years ago I said inflation was a conscious effort by corporations to not just increase profits, but to make Joe Biden look bad. Seems it worked.
The amount of people who have been surprised to realize THEY - not China - will pay the tariffs is astounding. I feel bad for them, as they really were misled.
The Greedflation theory of companies raising prices is interesting because economists will say, "That doesn't cause inflation!" And it doesn't, but when prices go up due to profiteering, they think it's inflation. Absent Biden aggressively calling it out, no wonder they thought it was inflation!
They didn't learn from his first administration? Mexico didn't pay for the wall. Trump diverted almost $4 billion from the defense budget to build it. His China trade war and tariffs didn't work the FIRST time, why would they work now?
I'm out of sympathy for these idiots who can't see the big picture. I've given up on activism and moderate polite change. I am now about disruption and anarchy since there is no true opposition.
MAGA economic policy. Trump thinks tariffs are taxes instead of what actually they are, punitive economic protections. The blanket China tariffs are Trump's wrath and vengeance. Every Amazon and Walmart shopper will feel the sting of government imposed inflation.
Starting three years ago I said inflation was a conscious effort by corporations to not just increase profits, but to make Joe Biden look bad. Seems it worked.
The amount of people who have been surprised to realize THEY - not China - will pay the tariffs is astounding. I feel bad for them, as they really were misled.
The Greedflation theory of companies raising prices is interesting because economists will say, "That doesn't cause inflation!" And it doesn't, but when prices go up due to profiteering, they think it's inflation. Absent Biden aggressively calling it out, no wonder they thought it was inflation!
Economics is a pseudoscience.
Still waiting for Mexico to pay for a wall WE BUILT. I guess we'll just have to tighten our belts so Elon can have even more wealth.
I didn't go to Business School or study economics, but I can actually read and learn from what I've read.
https://boingboing.net/2024/11/19/watch-maga-vendors-excitement-fade-as-he-learns-how-trumps-tariffs-affect-his-business.html
I almost feel bad for these people. They were explicitly lied to, and while it's no excuse, it's gotta be a tough pill to swallow.
They didn't learn from his first administration? Mexico didn't pay for the wall. Trump diverted almost $4 billion from the defense budget to build it. His China trade war and tariffs didn't work the FIRST time, why would they work now?
I'm out of sympathy for these idiots who can't see the big picture. I've given up on activism and moderate polite change. I am now about disruption and anarchy since there is no true opposition.