PING!
Tariffs have nothing to do with inflation so the claims were always nonsensical. The question is if the “experts” were lying or just dumb
Right, Trump literally predicts what he will do years in advance, puts the plan in place, what he said would happen happens and somehow, he just got lucky.
Honestly these people should be cleaning bathrooms and ignored otherwise, that are liars and just all around horrible miserable souls.
And those grapes are sour anyway so there...
Schadenfreude
When you’re a communist who has no clue about how an economy functions, it all looks like a guessing game to them.
EXACTLY HOW MANY GREAT BUILDINGS HAS POLITICO BUILT???
well if gambling on Trump and against democrats in November 2024 worked, why don’t we all gamble against democrats again in 2026?
“All the experts said his tariffs would drastically increase inflation.”
If tariffs increase prices, so do taxes. People pay taxes and that bites into consumption. Headline: Taxes, consumption hardest hit.
Oddly enough, it’s worth considering an argument from Karl Marx. He said interest and profit left workers “alienated” because they did not get everything coming to them. There was a wedge for profit and another one for interest. If that is true, it is also true about taxes. Taxes are a wedge that reduce take home pay or what it is able to purchase.
Marx was wrong in his total opposition to interest and profit, and in not noticing taxes. Interest, profit and taxes all serve a useful purpose.
Are interest, profit, or taxes “too high”? There are competitive markets for interest. Profit and loss are a goad to business, especially in more competitive markets. In the same way that nature abhors a vacuum, markets abhor a monopoly or, more broadly, too much profit. If anything is “too high” it’s government spending (paid by taxes, inflation and debt).
It’s government spending that often lacks the discipline of competition. We are seeing some competition with CA and NY losing jobs and people, but it was a long time coming and there is no guarantee that those states will learn any lessons.
In summary, if you don’t like tariffs, you shouldn’t like taxes. Is Politico consistent?
I’ll take luck over Demon-crats any day.
To the left, ignoring their reality-denying conventional wisdom = luck, despite the long history of such conventional wisdom being dead wrong.
Politico is nothing but a far-left puke sandwich.
“...it must be the result of sheer dumb luck.”
Or maybe that their agenda isn’t panning out even though they have made a concerted effort to sabotage Trump’s efforts. Calling it dumb luck when it turned a destroyed economy almost completely around in less than a year that took democrats over a half century to destroy to control the citizens is either stupid or just flat lying.
The biggest tool was the lies right after the 2000 election about the Fanny and Freddie housing funds by Barney Frank and Chris Dodd and then pulling the rug out from under the lenders and loanees destroying the maintaining of home ownership and trying to Blame Bush for it. And the Biden administration harmed the economy recently through increased inflation and national debt, higher interest rates, and a decrease in real wages. Not every one of the employed in the US wants to do fast food.
wy69
They need to stop taking story advise from Paul Krugman.
Who or what is a Victoria Guida?
“Luck is what happens when preparation meets opportunity.”
Mediocre minds think other people’s good fortune is due to good luck. They don’t understand that there is a reason why things happen — and their lives are not just a random crapshoot of bad luck.
So they believe that if they just protest loud enough, bad things won’t happen — and never that wise, successful people make good things happen. That is the story of human evolution (history) — and not that shit just happens, and how it got on Joe Biden’s pants and the streets of San Francisco (Portland, Seattle, et al), is one of life’s great mysteries.
“Success is as success does.” We’re lucky to have a leader who knows what he is doing. That is preferable to maintaining a smug superiority by having an incompetent president we have to tell “Go left, go right, Don’t fall off the stage. Don’t wander into the jungle.”
Just so they can retain their sense of moral superiority and outrage. Better they should do something useful — for a change of occupations.
-PJ
Fortune favors the bold.