Stock Market Blues

[spence]

I love how somebody special doesn’t care if the prices of cars go up because consumers will just choose American product. 1) 40% of a domestic car is made from foreign parts and 2) if people stop buying imports how are we going to “make” as much money from tariffs?

Can’t we just go back to bailing out American farmer who can’t sell their rotting grain, you know like the last term?

[nightfighter]

It is no longer IF we are going into recession. It is how deep and how long.... And in case you did not connect the dots, tariffs are another way to raise taxes, without raising taxes......

[spence]

Originally Posted by nightfighter

It is no longer IF we are going into recession. It is how deep and how long.... And in case you did not connect the dots, tariffs are another way to raise taxes, without raising taxes......

I’ve read a full blown recession is about 40% now. And tariffs as taxes, true, and hits the poor and middle class the hardest.

The shyte will really hit the fan when rural red states realize wealthy liberal cities have been subsidizing them all along once these federal cuts either just eliminate services they depend upon or state taxes go up to compensate.

Now the deficit increase, by making the wealthiest tax cuts permanent, is estimated at 9 Trillion over ten years. The only way to legally pass this is for the House to use an alternative model where the cost is estimated at zero because it’s off of the current baseline — where the taxes are in effect — rather than as a spending increase after they expire.

This is like me running a 10k a month visa bill when I earn 7k, yet claiming my new bill of 11k/mo is only 1000 dollars higher so everything’s great!

Anyone who is rightly concerned about our national debt should be wretching over what’s being proposed.

[Got Stripers]

What a scam he pulled on the people who voted him into office, lower prices day one (nope), reduce the deficit (nope), make America great again; if becoming hated by our allies and loved by the dictators of the world is the definition yup. The rich and insiders are poised to start buying the bargains. Buckle up this recession will be a tough one. Hey Marsh are we winning now?

I feel so bad for the veterans who served our country proudly and are getting a royal screwing by this administration. The veterans still serving are worried about our national security as those in charge are carelessly discussing sensitive national security intel over a commercial app, while all our adversaries are loving that fact and are likely reading the chats with smiles on their faces.

[piemma]

I thought the Boss said no more politics.

Stop this crap!!!

[spence]

Originally Posted by piemma

I thought the Boss said no more politics.

Stop this crap!!!

We’re talking about the price of sand worms Paulie. I say 58 bucks a flat isn’t terrible but if they’re the good New Brunswick sand worms those are going to be like 70 now.

[Got Stripers]

Originally Posted by piemma

Stop this crap!!!

Trust me most of America will soon be screaming that same thing as their retirement savings take the hit, but we are winning watching Trump burn down the house to cook his steak. Our post covid economy was the envy of the world, he killed it in one day and then flew off to play golf.

[wdmso]

Originally Posted by spence

Can’t we just go back to bailing out American farmer who can’t sell their rotting grain, you know like the last term?

Don’t worry the bail outs are coming for them. But who’s bailing out Americans 401k. And their big money losses .. my sister in law lost 20k. In 1 day .. let’s just say buyers remorse has set in.

https://oilprice.com/Latest-Energy-N...Producers.html

[Got Stripers]

Originally Posted by wdmso

Don’t worry the bail outs are coming for them. But who’s bailing out Americans 401k. And their big money losses .. my sister in law lost 20k. In 1 day .. let’s just say buyers remorse has set in.

https://oilprice.com/Latest-Energy-N...Producers.html

I think someone, maybe on the golf course, needs to explain what the phrase day one means or mandate. I can’t get myself to look at my accounts, but since i pay bills out of one of them, i’m guessing I lost at least $35k or more.

[Nebe]

Originally Posted by wdmso

Don’t worry the bail outs are coming for them. But who’s bailing out Americans 401k. And their big money losses .. my sister in law lost 20k. In 1 day .. let’s just say buyers remorse has set in.

https://oilprice.com/Latest-Energy-N...Producers.html

She only looses it if she sells.
Posted from my iPhone/Mobile device

[wdmso]

Originally Posted by Nebe

She only looses it if she sells.
Posted from my iPhone/Mobile device

That’s wishful thinking.

She didn’t earn that in one day. And she’ll never get it back in one day.. now if she had another 12 years working . Then she could recover. But she was looking to retire in 3. And things aren’t looking like they are going to improve anytime soon.
Posted from my iPhone/Mobile device