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patphil

(8,706 posts)

24. The error was in leving tariff's in the first place.

Mon Apr 7, 2025, 10:31 AM

Apr 2025

You encourage US industrial growth by investment and tax incentives. It's a long, slow process that works without disrupting the economy. President Biden knew this.
Trump isn't interested in economic growth. His tariffs are purely there to make money to cover the huge tax break he is planning to give the ultra rich.
Crashing the economy is simply a secondary benefit from his point of view. As he said while the stock market is crashing, now is the time to get rich. He is saying that there will be bargains to be had...cheap stocks that will eventually bounce back when all those new manufacturing job are created.
The question is, where will all the new investment come from? Who's going to risk all those billions it will take to build the factories, and where will the employees come from?

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WizGlick

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Highlight:

Conservative Think Tank Reveals the Massive 'Error' in Trump's Tariff Formula [View all] BumRushDaShow Apr 2025 OP

On the bright side, this won't interfere with Krasnov's gourmet golfing BoRaGard Apr 2025 #1

Bad math huh? This POS's entire business was found to be a fraud underpants Apr 2025 #2

I wish a Conservative think tank would reveal a "massive error" in the 2024 election vote count. sop Apr 2025 #3

They needed a think tank to figure that out? It was obvious from his little chart he used to justify this. Scrivener7 Apr 2025 #4

There are reasons MLWR Apr 2025 #5

P.O.S. BattleRow Apr 2025 #14

This is just billionaires trying to give Trump a way to save face. Bluetus Apr 2025 #23

They can't even lie well. mwb970 Apr 2025 #6

Here's an "explanation " central scrutinizer Apr 2025 #7

"Reality is what we make it" not fooled Apr 2025 #21

Super geniuses don't have time for your formulas or calculations, IronLionZion Apr 2025 #8

Sadly ... Ligyron Apr 2025 #9

ron vara agrees nt et tu Apr 2025 #16

I want to see Ron Vara and Peter Navarro discuss it together IronLionZion Apr 2025 #20

priceless et tu Apr 2025 #22

Wish I had thought of this mdbl Apr 2025 #36

" I remember old Ron Vara"! bagimin Apr 2025 #32

Winning like that super genius RazorbackExpat Apr 2025 #18

Oxymoron alert. Conservative think tank. twodogsbarking Apr 2025 #10

Calculations that factor penguins superiority RainCaster Apr 2025 #11

penguin party has a majority lol et tu Apr 2025 #17

Evil morons. yardwork Apr 2025 #12

There's a much bigger error underlying the entire premise of basing tarrifs on trade deficits William Seger Apr 2025 #13

John Oliver explains trump's tariff formula LetMyPeopleVote Apr 2025 #15

Trump, and Republicans, just make up their own facts. They don't like reality because it doesn't support their idiocy. Lonestarblue Apr 2025 #19

The error was in leving tariff's in the first place. patphil Apr 2025 #24

They don't make economic sense because they aren't about economics. They are about control. Pacifist Patriot Apr 2025 #25

Conservative Drunk Tank, more likely. Aristus Apr 2025 #26

Seriously? RobinA Apr 2025 #27

All the best and the brightest at Trump Central. nt Exp Apr 2025 #28

He's following a book written by Peter Navarro about tariffs mdbl Apr 2025 #29

Oops somebody doesn't want to get blamed for the mess they made Clouds Passing Apr 2025 #30

Tariff tiff not a Gordcanuck Apr 2025 #31

So how much should the tariff on the Heard and McDonald Islands be? tclambert Apr 2025 #33

Tariff tiff not a Gordcanuck Apr 2025 #34

Or lawyers and judges...such wishy-washy law. travelingthrulife Apr 2025 #38

Really? Republicans aren't good at math? Who knew? louis-t Apr 2025 #35

How cute. AEI is pretending it is an error. Pretending that they didn't maliciously travelingthrulife Apr 2025 #37