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Old 11-16-2024, 10:19 AM
Dondilion's Avatar
Dondilion Dondilion is offline
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Join Date: May 2009
Posts: 11,196
Quote:
Originally Posted by Rajoo View Post
"Trump will Fix It", believe that was one of his campaign slogans. Wonder what he will fix and how.

Economy was recovering nicely, needed more time to stabilize before the interest rates came down. Even the when the rates came down a bit, mortgage rates did not make a move. So what is Trump going to do to "fix' the economy which did not need any fixing?

Tariffs! Unfortunately he will be forced to impose even more tariffs if only to balance the tax cuts that the most fortunate among us are anticipating. Inflation and high interest rates will persist. So much for fixing the economy.

Illegal immigration from the southern border and this is something the Congress and presidents have been kicking around since the 80's. Remember Reagan's Amnesty program, which in effect increased the traffic until it became unmanageable. Even deportations could not keep up with the inflow. What is Trump going to do? Deport every illegal living in this country and can someone tell me how? Panic and chaos will ensue, but the problem will still persist because most if not all of them get somehow gainfully employed.
Geeze you still have this idea about a great economy. It greatness is inflation masquerading as growth. The compliant Civil servants over the years have been revising and manipulating the CPI in favor of the corporate and stock market class. They have been massaging the jobs report.
The markers to look for are the real price to access education, transportation and shelter. Symptoms are pervasive massive debts. Trump realized the angst and played to it. But he is just noise. I remember the first time he was running he complained that the economic numbers were bogus. However as soon as he got power he claimed the said numbers...WTF.
Tariff as a method is inevitable largely because of China's ever increasing efficiency. However this large deportation proposed is nonesense and will be made impractical by employers. Trump’s immigration proposals operate from racist impulse and are not based on common sense economics. There are 10 million working age Americans who have voluntarily withdrawn from the workforce; immigrants are needed.

Last edited by Dondilion; 11-16-2024 at 10:38 AM.
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