U.S. Economy and its Mess

[Thad1527]

^Racist, but astute.

 

[Norri]

View attachment 3242859

That reminds me of a Robert Caro quote “power doesn’t always corrupt, what power always does is reveal”

 

[Kulindahr]

 

[Kulindahr]

 

[NotHardUp1]

So much winning. The art of the deal:

 

[rareboy]

Maine has been fairly hard hit by the tariff war and the 51st state nonsense.

I am not sure that it has been a complete collapse, but I do know that they are feeling it in the tourist and fisheries sectors from the Mainiacs I know that I have been talking to.

 

[rareboy]

BRUTAL JOBS REPORT: Just 22,000 jobs added in August. Unemployment rises to 4.3%.
Broader jobless rate jumps to 8.1%.
Slowest 4-month growth since 2020.
Plus, downward revisions for June and July of -21,000. .

Fox Business announces that the 22,000 jobs added in August are "much less than the expectation of 75,000"

 

[Kulindahr]

 

[Kulindahr]

For me that would be huge!

As an alternative, as of turning 65 the property tax should be frozen at whatever it is -- no more raising it.

 

[Kulindahr]

 

[Kulindahr]

 

[Kulindahr]

 

[Kulindahr]

 

[rareboy]

Kind of related....another betrayal of US workers.

 

[rareboy]

The mad King is making US economic policy a chaotic mess now and well into the future because of his capricious decisions:

Donald Trump observed blithely last week that if his cherished tariff regime is struck down by the US supreme court, he may need to “unwind” some of the trade deals struck since he declared “liberation day” in April.

It was a reminder, as if it were needed, that nothing about Trump’s economic policy is set in stone. Not only does the ageing president alter his demands on a whim, but it is unclear to what extent he has the power to make them stick.

Donald Trump maelstrom likely to leave US economic model unrecognisable | Heather Stewart

President alters demands on a whim, and although investors are averting eyes for now, risks rise with each chaotic week

www.theguardian.com

 

[KaraBulut]

The mad King is making US economic policy a chaotic mess now and well into the future because of his capricious decisions:

I wouldn't say "making". It's too late for that- he's made it a mess and Congress hasn't done shit to constrain it.

The rest of the world is looking at America and seeing the "deals" that they made in the past that Trump has shredded and they are thinking, "Fool me once, shame on you. Fool me twice, shame on me." They're now of the opinion that, if they bother to make another deal, it's not worth the paper that it's printed on.

Trump is living in a reality show where he's being told that he's making America Great Again and where Cabinet members and Tech Billionaires come to the White House to flatter him and give him gifts. Meanwhile, on the other side of the world, China is building the future.

 

[rareboy]

I have to think that a number of countries that have made 'guarantees' to invest and give the US $$$$ are doing it with the assumption that the Courts would indeed strike down the tariffs imposed by Trump and/or haven't put signature to paper just waiting for him to die or be removed and then they can just walk away.

 

[KaraBulut]

I have to think that a number of countries that have made 'guarantees' to invest and give the US $$$$ are doing it with the assumption that the Courts would indeed strike down the tariffs imposed by Trump and/or haven't put signature to paper just waiting for him to die or be removed and then they can just walk away.

I think those countries are as likely to pay Trump as Trump is likely to pay his attorneys and subcontractors.

 

[rareboy]

Create the mess and then create even more chaos in the market...

 

[Kulindahr]

Except it isn't oligarchs, it's plutocrats.