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simple1

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Everything posted by simple1

  1. I assume auto industry will receive tax benefits.
  2. Naturally increased cost of production will be passed onto the consumer, with an uplift. Have to see what trump actually does with tariffs, 'cause it isn't a one way street which many seem to overlook. So far as I know protectionist economy policy has never ended up being a positive. https://www.worldbank.org/en/news/feature/2023/08/29/protectionism-is-failing-to-achieve-its-goals-and-threatens-the-future-of-critical-industries
  3. Trump's proposed tariffs estimated to cost US auto industry $40 billion https://asia.nikkei.com/Politics/U.S.-elections-2024/Trump-tariffs-risk-raising-U.S.-auto-production-costs-by-40bn Forbes view of US auto industry https://www.forbes.com/councils/forbestechcouncil/2024/10/09/how-the-auto-industry-predicts-and-shapes-the-us-economy/
  4. OK, thought you meant across the board. Sure there may be some domestic industries which benefit from tariffs where they do not require imported products for their manufacturing production processes, Any stats available?
  5. From your post above....tariffs benefit domestic manufacturers
  6. Raising tariffs will also harm the Oz economy and other Western countries unless they are exempted. Show us, from credible sources, where US raising tariffs have actually benefited across the board US domestic manufacturers
  7. Why do you care if I do or don't? In principal I do, but it's a very complex subject and best left to professionals in government with access to supercomputers and financial modelling, not ideologues to make decisions.
  8. Apologies, just demonstrating there are credible organisations publishing fiscal research, Brookings are another More recent https://budgetlab.yale.edu/research/fiscal-macroeconomic-and-price-estimates-tariffs-under-both-non-retaliation-and-retaliation https://www.brookings.edu/articles/tariffs-on-all-imports-would-create-chaos-for-business/
  9. snipped for brevity. As I understand trump cannot enact legislation without the support of Congress, but can use Exec Orders, not the same. Highly likely will only have two years to do so,. Then reversed when Dems get back in power. So far trump is establishing a Cabinet comprised of many sycophant's - best of luck with that...especially with Health Care & Justice systems with nut cases running them, if approved.
  10. The US taxpayer is currently funding approx $850 billion p,a, to service the interest on approx $35 trillion of national debt. IMO one method to assist servicing the debt would be to increase corporate tax. However, people who have a much greater understanding of the US economy will have published research papers, why not seek out the content e.g. https://www.rand.org/content/dam/rand/pubs/research_reports/RR300/RR353/RAND_RR353.sum.pdf
  11. Kindly don't put words in my mouth. I mentioned tariffs as trump has lied so many times about the economic impact.
  12. snipped for brevity. As you know trump clearly called for bribes in return for which he would provide extra support for the mega donors industries e.g. one billion dollars from oil industry execs. Just shows how corrupt politics is in the US and no doubt elsewhere.
  13. Not my economic analysis. Naturally the economy took a while to recover and stabilise after Covid which is now happening. Unsure how much government can actually achieve on controlling consumer costs other than policies lowering inflation, But should trump increase tariffs consumer costs will increase. BTW enough of the personal MAGA insults, it's very childish
  14. Actually I hold three citizenships, born and raised In London, UK. I'm interested in international affairs, but interested in trump's activities as they have a general impact across the Western world. IMO trump is a threat to US democracy / policies which flow through to other nations. Whatever I post makes no difference whatsoever, just posting my thoughts on trump's acts, which IMO, are contrary to common decency at all levels.
  15. Not once did trump prove the election was a fraud. Of course trump won't claim fraud now he has won though he is appointing conspiracy theorists for his upcoming administration, At least one of whom is a white supremist, Stephen Miller.
  16. When during trump's term did the US cease being involved with wars?
  17. Disagree with the content in the link, then provide a credible linked source to refute. For the meantime review the forum rules before posting again.
  18. IMO the Mad Max Cabinet.
  19. trump claims he will make everyone's life better, so how will he do that if not by making changes to economic policy (the markets)
  20. Tough guy - lol Government policies either assist the 'working class" or make life more challenging. Those that denigrate the lower classes, such as trump in his first term, deserve contempt. From cutting children's disability benefits to allowing employers to pocket workers' tips, Trump tried to slash protections for the working poor in ways that have been forgotten by many. https://www.propublica.org/article/donald-trump-agenda-working-class
  21. Not always in time to prevent leaks, but sure for reporting aligned to national security matters
  22. Unfortunate you will not look at factual content. Australia is also more expensive to live after Covid. IMO much to do with price gauging which the government is finally acting upon with the supermarkets. Would MAGA accuse Biden of being a Marxist if he attempted to intervene with the markets, probably Yes. If trump, No.
  23. Yep, due to corruption within Republican party
  24. Don't recall commenting on the debate. I too though it a disaster. There again trump has made absolutely stupid comments which are overlooked or deflected by MAGA world.
  25. Snipped for brevity. Reporters are required to report, not to make their own personal judgement of the news, that's for opinion / editorials.. In addition there are now a number of fact check organisations, including within media companies to also address lies and misinformation; unfortunately they are often ridiculed by MAGA world.
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