The Next President Inherits a Remarkable Economy

[G_Money]

1 hour ago, Mazungu said:

No resentment. Just amazed that Trump can be a bad businessman but they myth persists among the cult that he is not. 

He bankrupted 6 hotel and casino businesses (who loses money on a casino??) because he over-leveraged them. 

And then there are these failed businesses: 

Trump Shuttle -- FAILED

Trump University -- FAILED

Trump Vodka -- FAILED

Trump Steaks -- FAILED

Trump Mortgage -- FAILED

GoTrump.com -- FAILED

But the biggest con of all was when he said in 2016 he would fund his political campaign with his own money. 

 

"I don't need anybody's money." -- Trump

 

But here he is scamming his supporters for political donations and hawking them everything from t-shirts to watches to sneakers to coins, etc. Can't everyone see the con?

 

 

Free market principles.

 

Failure at times is part of being highly successful.  Nothing new.

 

No Presidential salary for four years.  
 

Scamming isn’t selling T-shirts or anything else you mentioned.  You don’t want, you no buy.

The only con is what you’re believing in your brain.

[impulse]

16 minutes ago, Mazungu said:

That's why economists say consumers usually end up footing the bill for tariffs."

 

As they must.  But only if they choose to buy the stuff being "tariffed". 

 

Loan forgiveness, OTOH, is not discretionary.  I can choose not to buy bananas or imported EVs.  I cannot choose not to pay taxes.

 

And again, I repeat...  Tariff money goes into the treasury.  That reduces the deficit.  Loan forgiveness comes out of the treasury and increases the deficit.  The $35 trillion deficit.

 

Edited Saturday at 03:56 AM by impulse

[pattayasan]

2 minutes ago, impulse said:

 

As they must.  But only if they choose to buy the stuff being "tariffed". 

 

Loan forgiveness, OTOH, is not discretionary.  I can choose not to buy bananas or imported EVs.  I cannot choose not to pay taxes.

 

 

Good luck buying nothing that's tariffed. Even a car made in the US by Ford or GM contains imported parts. The inevitable result of tariffs is higher prices for domestic produce because there's no incentive to compete, either on price or quality.

Edited Saturday at 03:54 AM by pattayasan

[Mazungu]

3 minutes ago, G_Money said:

Free market principles.

 

Failure at times is part of being highly successful.  Nothing new.

 

No Presidential salary for four years.  
 

Scamming isn’t selling T-shirts or anything else you mentioned.  You don’t want, you no buy.

The only con is what you’re believing in your brain.

You forgot to mention he said he wouldn't finance his campaign with other people's money. That could be the biggest con. 

[sqwakvfr]

6 minutes ago, pattayasan said:

 

A transfer of debt like a tax cut for the rich? Yes, exactly like a tax cut. Only to the poor for a change.

Tax cut wounld only apply if one actually had income that was reported.  How is that transfering debt?

[impulse]

8 minutes ago, pattayasan said:

A transfer of debt like a tax cut for the rich? Yes, exactly like a tax cut. Only to the poor for a change.

 

You mean like to poor who went to Ivy League Universities and got a useless degree, to the tune of $200K in debt?

 

[impulse]

5 minutes ago, pattayasan said:

Good luck buying nothing that's tariffed. Even a car made in the US by Ford or GM contains imported parts. The inevitable result of tariffs is higher prices for domestic produce because there's no incentive to compete, either on price or quality.

 

Easy for me.  I live overseas now.  I haven't bought a US tariffed item in years.  But I have had my tax money transferred to graduates who won't pay their loans.

 

[pattayasan]

Just now, impulse said:

 

Easy for me.  I live overseas now.  I haven't bought a US tariffed item in years.  But I have had my tax money transferred to graduates who won't pay their loans.

 

 

You forgot those who didn't graduate for whatever reason. And ignored the tax cuts for the wealthy. Corporations might not pay much tax but billionaires do.

[G_Money]

9 minutes ago, Mazungu said:

You forgot to mention he said he wouldn't finance his campaign with other people's money. That could be the biggest con. 

Unaware of what was said an any proof of a con.

 

Every President has received donations.  
 

The desperation is clear the closer we get to November 6th.

 

Legal campaign donations would be viewed as con.  This could be one of the best put out by a leftist.  From 2016, 8 years ago.
 

 

Edited Saturday at 04:05 AM by G_Money

[Will B Good]

12 minutes ago, G_Money said:

Free market principles.

 

Failure at times is part of being highly successful.  Nothing new.

 

No Presidential salary for four years.  
 

Scamming isn’t selling T-shirts or anything else you mentioned.  You don’t want, you no buy.

The only con is what you’re believing in your brain.

 

I would agree, technically not scamming.

 

But, OMG, how tacky-tacky.

[sqwakvfr]

6 minutes ago, impulse said:

 

You mean like to poor who went to Ivy League Universities and got a useless degree, to the tune of $200K in debt?

 

There are many exmples of this kind of debt.  I am old and outdated because I was taught to take out manageable debt, make timely payments and pay it off. I thought being responsible was an adult thing.  It appears I am wrong. I went to a public university because I was not born rich and got a practical degree(Business Adminstrtion) because it took the least amount of credits and gave me a good chance of getting a job after graduation.  Did not have time to dream or be idealistic while I went to college.

Edited Saturday at 04:07 AM by sqwakvfr

[BuddyPish]

12 hours ago, pattayasan said:

 

The numbers the dollar is responding to weren't available yesterday.

The dollar isn't "responding" to anything.

The DXY is completely rigged. Price action is controlled by an AI algorithm 90% of the time that it trades. In the remaining 10%, the "marketmakers" or "the hand" intervenes manually to push price to where it is advantageous for them to accumulate new positions or to distribute positions they already hold.

 

[G_Money]

7 minutes ago, Will B Good said:

 

I would agree, technically not scamming.

 

But, OMG, how tacky-tacky.

No need to explain to me.  
 

Others have issues.

 

But we all know.  Leftists shall not criticize other leftists.

 

Chapter 1.  Paragraph 1 of the “How to be a good leftist handbook “

 

Available on Kindle.

[Mazungu]

5 minutes ago, G_Money said:

Unaware of what was said an any proof of a con.

 

Every President has received donations.  
 

The desperation is clear the closer we get to November 6th.

 

Legal campaign donations would be viewed as con.  This could be one of the best put out by a leftist.  From 2016, 8 years ago.
 

 

Okay maybe I misspoke. I should have said he LIED. But he lies so often his cult can't discriminate the truth from his lies. He lied because by saying he wouldn't take other people's money he implied he was super rich and therefore uncorruptible. Why take other people's money if you are super rich (especially when most of his supporters come from the underclass...or as he himself says, "basement dwellers")? So maybe I didn't misspeak after all because he conned his supporters into believing something that wasn't true. 

[G_Money]

1 minute ago, Mazungu said:

Okay maybe I misspoke. I should have said he LIED. But he lies so often his cult can't discriminate the truth from his lies. He lied because by saying he wouldn't take other people's money he implied he was super rich and therefore uncorruptible. Why take other people's money if you are super rich (especially when most of his supporters come from the underclass...or as he himself says, "basement dwellers")? So maybe I didn't misspeak after all because he conned his supporters into believing something that wasn't true. 

The response I expected.

 

 

 

[G_Money]

28 minutes ago, Mazungu said:

You forgot to mention he said he wouldn't finance his campaign with other people's money. That could be the biggest con. 

I never said that, you did.  
 

For some reason 2016 is still deeply imbedded in your mind.

 

 

[nauseus]

4 hours ago, Talon said:

 

DOWNWARD revisions are common monthly with the Biden/Harris Regime.

 

Yet to be revised....

[Mazungu]

On 11/1/2024 at 8:27 AM, expat_4_life said:

The economy is so bad even Trump needs two jobs just to get by. 

His stunts my turn out to bite him. It seems real workers don't like to be mocked. 

 

"First slinging fries at McD's now this!" said the Durham, North Carolina branch of the Southern Workers Assembly, which aims to organize the unorganized working class in the U.S. South and coordinate actions across the region. "A billionaire sleazeball acting like he is a worker is beyond gross, and slap in the face to all working-class people," the group declared on social media. "Workers must organize and raise up to smash MAGA fascism!"

 

https://www.alternet.org/trump-dump-truck/