And do they understand the ramifications of a general tariff on all imported goods from China and mass deportations to the US economy or the lives of those caught up in the madness? If they did-there is only one sane choice.
Yes, consumers and purchasers pay as prices are increased to cover the tariffs, while the tariff proceeds fill government coffers. I believe Trump used some if not much of those Chinese tariffs to subsidize American farmers when the Chinese countered by reducing their own purchases agricultural products. I wonder where that stands 4 years later?
David, imagine the inflation in produce prices when Trump deports the workers who harvest it—and then promises tariffs on produce (coupled with import reductions) on fruits that the US is unable to produce.
Tariffs are pretty complex for me to judge the best applications of them (and other trade balancing actions) to help keep what seem some strategic capacity within countries and regions and are more reciprocal.
A recent peek at one of Trump’s advisors left me with a few revelations about how he reluctantly let slip hints of how reckless and thin skinned reactions by Trump could mess things up. As I was wondering about Kevin Hassett, whom I knew nothing about, but recommended by an old Vietnam hero I respect for things other than current political alignments I thought he might be somewhat like Albert Speer working for a certain German leader.
Turns out a better comparison would seem to be Hjalmar Schacht.
"...He served in Adolf Hitler's government as President of the Central Bank (Reichsbank) 1933–1939 and as Minister of Economics (August 1934 – November 1937).
While Schacht was for a time feted for his role in the German "economic miracle", he opposed elements of Hitler's policy of German re-armament insofar as it violated the Treaty of Versailles and (in his view) disrupted the German economy. His views in this regard led Schacht to clash with Hitler..."
Seems he wanted to build the civil infrastructure and put a lot of people back to work (I hope a bit like FDR, Frances Perkins, Harold Ickes, etc). I don't know how he felt about slave labor, though, or eliminating 2/3rds of the Jewish people, where others would have found ways to just tax them a bit higher and get the benefits of their knowledge, skills, and relative good will in supporting a more tolerant government. I think we'd have had a much harder time if the Germans had been smart enough to keep them working willingly for them, especially the scientists.
Be sure to watch through to the end where she nails him with a major flaw in his views (and, to me inactions).
A minor point in the start of my views on balanced trade was at a 1985 Pomona Swap Meet, seeing some Australian versions of cars from the 30s like a hardtop version (no door pillar) of my 39 Chevy Coupe and what a 1950 version of an El Camino (no separate pickup bed) looked like, finding out they had to have at least 25% of the components made in Australia.
No that don’t understand, and Cheetolini STILL doesn’t understand even the basics of how tariffs work. The orange dipsh*t kerosene saying that foreign governments will be paying the tariffs. Not even remotely true.
Interest rate cut means factors that influence inflation are improving! Inflation rate at or below 3% how much better can it get? Inflation, immigration and grocery store prices are suppose to be the points of attack by the gop! Inflation is a non- starter! Immigration , the blood is on trumps hands since he killed the bipartisan Senate bill and grocery prices are the result of corporate Greedflation, which no President can control unless the industry is nationalized!!!!
The other issue, Louis, is housing prices. Private equity firms are going around the country buying up single-family homes, raising the prices. These guys need to be regulated. The oligarch class is making renters out of our population. No chance to own a home and build up equity. My wife and I bought our first home in 1975 for $39,250 and then sold our home (we moved up) in 2015 for $3.6 million. We pocketed the equity. Renters don't have that opportunity.
Good point Richard. The other big driver is local zoning laws that limit the nature and quantity of affordable housing that can be built. Too many towns "exclude others" by allowing only single family homes on large lots. MA is beginning to chip away at this with recent legislation. But there is much more to do. The Boston area is losing people (workers!) because it's too expensive to live here.
And let's not underestimate the need for rentals. We are desperately short of them and local zoning blocks them as well. I found this stat interesting:
One of our older aeronautics students (like some others), had rental properties that seemed to have been mostly homes he had lived in for a few years wherever he had been stationed (buying instead of renting). When the Financial crisis hit and his renters couldn't afford the rents (even though he rarely raised rates unless someone moved out), he told them not to worry, he lowered the rates to what they could afford and had them help take care of the property to keep it in good shape for the following renters, sweat equity instead of cash.
My parents couldn't buy homes through most of our service life since we were in high cost areas like Hawaii, but wherever we were, whether in government quarters or rentals, we left it in better shape than when we moved in. I still wonder if there couldn't be a better way organized to let renters earn some equity as they lived in, maintained and added various improvements.
One friend was so good at improving the home they rented a portion of that the owners pushed them out so their daughter could move back the home she had left before the improvements were made (all at my friends' expense).
I think that Ashton, US expat living in Germany who studied low income housing for her PhD, is explaining how Germany is a country of renters and so renters have protections that they do not have in the US. https://youtu.be/V7d1eQ7Onk0?si=6inDqi8t5XA41dRw
While most of our friends here in Germany own homes, much of that is from inherited wealth. In my husband's family houses get passed down on farms to the next generation that is going to farm. Some people buy their own homes before their parents gift them their houses, but others live in rentals their entire lives, and they get to make improvements to them.
My town south of Boston has a neat accessory dwelling rule which allows home owners to build apartments onto their homes- following some parameters of course.
The rules vary from town to town such as whether it can be attached or separate. It was something we looked at but the steep material and labor costs that also made it so hard to find contractors 3 years ago made us wait to see how this election goes.
I'm very encouraged to consider it again after November.
The documentary Food Inc. 2 points out that Walmart takes in one of every 3 dollars spent on groceries in the US. They have coerced many of their suppliers to lower prices and then pocket the difference. The Walton family is now the richest family in America and they will only get richer as they force more competitors out of business.
It's past time to split Walmart into multiple companies due to their anti-competitive policies.
I read Sam Walton’s story, Made in America. He gloried in driving little mom and pop businesses out of business, especially in small towns, often killing their downtown areas. The “low prices” came at great long term costs. Alice Walton spends all that grocery money on luxuries like horses and art.
When my wife was going to UM Rolla, there were stories in the local paper about what Sam Walton did to Rolla retail businesses. By 1990 70% of the retail business in Rolla was going to Walmart. There was one other grocery store within 40 miles of Rolla and there was a K-Mart that closed it's doors in the mid-1990s.
And her daughter bought a $300 million yacht with her "hard earned" money. The Waltons are one of the reasons I dislike trustifarians.
I think that what we need to realize and understand is the dialectic between capital and labor, as it were. Capital, without regulation, will continue to be concentrated in the hands of the few. It's the nature of the beast. This is where government comes in to regulate it. For the sake of the good of the community, it is a necessary exercise. Time to start breaking up these groups, such as Walmart.
It took me a while to see that his "Made in America" stated preference had some small print attached, it had to be within 5% of the cost of what he bought anywhere else.
Louis, finally, polls show more voters believing that Harris is better at the economy than Trump. Maybe if more people hear his plans, they’ll see that Harris is so much better.
Almost anyone with a mortgage or wants to borrow for a car or appliances is going to kiss the proverbial pavement as interest rate reduction works through the lending agencies. Though interest rate increases were designed to bring down inflation overall by making it more expensive for businesses to fund expansions etc, it did have an inflationary effect of consumer's basic cost of living. Wherever possible, businesses attempt to pass on increased costs, and they too often live off operating lines of credit.
You get it, Frank. But on the other side of the coin, lower rates mean savers suffer. And the impact of that is two fold: the investor class benefits as savers are lured away from low interest savings accounts and CDs - and they re-enter the stock market which most people don't understand or handle well. Lower rates may also encourage foolish spenders to carry credit card balances (the devious high tax collected by big banks).
The Fed should stop right now. Leave rates alone and stop trying to juice the economy and propping up a stock market. There is nothing wrong with a 6% mortgage. But there is a lot wrong if you can't get at least 4% in an FDIC protected savings account.
It is harder than ever for many people to have those options, though.
Our answer was to get away from the rapidly disappearing small banks, and go good credit unions with enough FDIC coverage to insure our modest interest savings to the maximum.
Back in the 80s and 90s, I put 10% (3% company, usually matching 100% of my 3% limit, plus another 1% of mine unmatched) in our Kodak 401(k). It was pretty good for those days, but 12 years ago only provided about 3 days worth of our monthly retirement income the year after we retired.
(When I retired from the military, Kodak seemed one of the best companies to go to work for.)
These are the same people that think if de-inflation happens it would be a good thing for them, or tariffs on all products would make things cheaper. I've said it for years, lack of economic literacy and quality education is the reason why the American experiment might fail.
They certainly didn't want the immigration bill to pass. They killed that, but they failed to ruin our economy. (Although trump seems to be killing his own private economy. I love watching his stock tank.)
Trump's real story, not covered by MSM on page 1, is the 75% decline in Truth Social stock value. Who are the schmucks that bought at $79?
Who are the people he scammed by his 2020 reelection campaign? He had to refund $122.7 million to supporters in 2020, giving back nearly 11% of the money it raised.
As soon as he had "assassination" attempts, he had a grift in place. What did he sell? To whom. How was he able to start grifting so fast?
When DJT stock went public there were several stories about the Trump sycophants that bought the stock at or around $79/share. A few "invested" their entire 401-Ks and IRAs into the stock.
Several of them were the true believers that think that Trump has never told a lie and that he won the 2020 election.
I almost feel sorry for them. Why isn't the MSM interviewing these poor people now?
Of course JD. He's ("him") been done so wrong, wrong, wrong..., in their minds. Either way, should "him" win or lose WE the people are going to have our hands full maintaining some semblance of law and order. Just look at the behavior of the Sheriff in Springfield, OH. He's taking down names. Yup. Look for more like that. It's called retro.....bution. Then comes 'round em up'!
Let them be "sorry" by themselves amongst their "sorry" friends, such as they are. It's just another boring story for MSM to choose from and I sure don't want to listen to it.
Some MSM do … it’s now about $16 per share — about an 80% decline in value. Ooops, and it’s all time high was almost $98 per share, reflecting an almost 85% decline in value for those idiots who may have purchased at or near its high!
So, destroying our economy except for the for the rich people that fund their campaigns and prop them up, is part of their goals. They want the haves to be few and the have nots to be plentiful and beholden to them for government services which will all be tied to embracing Christian Nationalist ideals and behaviors.
Linda, you are correct: the war is between the oligarchs and the rest of us. The oligarchs have manipulated the evangelical Christians into voting against their own best social and economic interests. Oligarchs vs. the people. HCR covers this in her book, "How the South Won the Civil War."
Richard, JDV is the epitome of Tech Bro Oligarchs and Christian Nationalists coming together. I have read that he is put in place by the Tech Bros like Peter Thiel to win with Trump and then using Article 25, take over from Trump by claiming that Trump is incompetent.
maybe a bunch are praying for Netanyahu to bring on Armageddon at Megiddo in the Jezreel Valley. Sadly too many Americans in their sacred churches are praying for a renewed "Christianization" of American Society. Like the Apostle Paul they feel they lived in an alien, Satan dominated society. That includes Johnson, big time. Likely Mitch too.
Linda, Project 2025 lays out how they will do away with government services that do not serve the oligarchs (starting with Head Start, FEMA and free school lunches). As members of Joel Osteen’s congregation found when he refused to open the church to house people displaced by Hurricane Harvey, churches don’t always step up like FEMA (he eventually opened the doors when the local media shamed him).
Mary, my Democrats Abroad Book Club which is reading Project 2025 has read and discussed about 12 chapters and the forward. We are skipping around. We did notice that all of the food programs were to be moved to the Department of Health and Human Services and made harder to access, but they also want to turn the HHS into the Department of Life, so what happens to these program or Special Education Services which also would be moved to HHS after the Department of Education is nixed. What these dumber than dirt Republicans do not seem to understand is that even elite private schools will be hard pressed to find well trained teachers when colleges of education are corrupted by the new accreditation standards, which may be changed or removed. Our whole system of higher education is under attack with no government backed student loans. Are you saying all the teachers will come from the elite, the only ones who can afford to get an education? So, many things will be destroyed with their plans for Education, and will set the US to be more like a third world country.
Hhahhaaa... welp.., much to their 'religiott' distress has come the opening-up of the LGBTQT+Etc closet door exposing the behaviors for all to "deal with" and to accept. Accept, maybe.., not so much for some. Al the while tho, of the pillars supporting this huge religious deck (platform, whatever) many are rotting out or being undermined by the waters (influencers, if you will) that are really flowing through the sieve (the net!) unabated. Even the Mormon mega-church is starting to swing-away on some of their gates with their own Onlyfans fascination. Of course, none of this stuff we now get tossed in our face is new by any means. Merely human behavior, like it or not, has existed long before the alphabet was thrown at it. Christian Nationalist "ideals" being permeated family by family. Oooop, I can hear another pillar crumbling.
He has created the carnage that we see every day, so he can point to things and say, I can fix that. How much our current crises can be attributed to republicans, either created or made worse…. Every last horror that we deal with today
Only he won't. He will turn the US into one big Christian Nationalist wait for End of Days and until them follow CN rules or else get put into immigration prison and deported.
B.L.U.F. (bottom-line, up-front): J.D. Vance is a formidable candidate and the vice presidential debate will be crucial to victory.
We need all those G.O.P. endorsements. I have not paid attention to Senator Vance. Then I listened to a couple of speeches. This candidate is formidable. Check out minutes twenty-four through thirty of this speech in which Senator Vance takes questions from local reporters.
Senator Vance did this in at least one other speech. He prefaces his dialogue by accusing Vice President Harris of avoiding the Press. Well one thing for sure: ¡the Falstaffian 'alien count' is now up to twenty-five millions (Henry IV, part-1: Act II, Scene-4)!
For once, Trump appointed (and kept) someone who seems to know what he’s doing—Jerome Powell—and is focused on doing what is best for the country. And Biden was smart enough to not fire him out of spite (something that Trump seems unable to do).
lol, you're not the first, if so, a very very distant many times removed. My surname comes from Nova Scotia, Canada, where they are fairly plentiful. There is a big FB group of American Loomers of all stripes I'm sure.
Gosh! It’s almost as if the Trump campaign doesn’t want to see the ecomomy doing well!
And his supporters booed when the fed cutting interest was announced.
Do they understand why they're booing?
Probably not. Especially if they watch faux snooze.
And do they understand the ramifications of a general tariff on all imported goods from China and mass deportations to the US economy or the lives of those caught up in the madness? If they did-there is only one sane choice.
But he will not deport the immigrants who work in his hotels, golf courses and Mar-a-lardo!
or his wife! Or JDV's wife!
Yes, consumers and purchasers pay as prices are increased to cover the tariffs, while the tariff proceeds fill government coffers. I believe Trump used some if not much of those Chinese tariffs to subsidize American farmers when the Chinese countered by reducing their own purchases agricultural products. I wonder where that stands 4 years later?
Trump’s tariff idea shows how stupid he is about financial matters and why he managed to bankrupt casinos.
Dontcha' know, he graduated from the Wharton School! I am sure their alumni office brags about him!
American farmers were already getting subsidies before those tariffs on Chinese goods...
If you wonder where things stand years later, you can just look it up you know...
https://www.politico.com/news/2024/01/14/trump-biden-farmers-00135396
https://taxfoundation.org/research/all/federal/trump-tariffs-biden-tariffs/
The trade war also hurt because China responded in their own way as well.
Blab off
David, imagine the inflation in produce prices when Trump deports the workers who harvest it—and then promises tariffs on produce (coupled with import reductions) on fruits that the US is unable to produce.
No, partly because they don’t know the meaning of the word “ramifications.”
Tariffs are pretty complex for me to judge the best applications of them (and other trade balancing actions) to help keep what seem some strategic capacity within countries and regions and are more reciprocal.
A recent peek at one of Trump’s advisors left me with a few revelations about how he reluctantly let slip hints of how reckless and thin skinned reactions by Trump could mess things up. As I was wondering about Kevin Hassett, whom I knew nothing about, but recommended by an old Vietnam hero I respect for things other than current political alignments I thought he might be somewhat like Albert Speer working for a certain German leader.
Turns out a better comparison would seem to be Hjalmar Schacht.
See https://en.wikipedia.org/wiki/Hjalmar_Schacht
"...He served in Adolf Hitler's government as President of the Central Bank (Reichsbank) 1933–1939 and as Minister of Economics (August 1934 – November 1937).
While Schacht was for a time feted for his role in the German "economic miracle", he opposed elements of Hitler's policy of German re-armament insofar as it violated the Treaty of Versailles and (in his view) disrupted the German economy. His views in this regard led Schacht to clash with Hitler..."
Seems he wanted to build the civil infrastructure and put a lot of people back to work (I hope a bit like FDR, Frances Perkins, Harold Ickes, etc). I don't know how he felt about slave labor, though, or eliminating 2/3rds of the Jewish people, where others would have found ways to just tax them a bit higher and get the benefits of their knowledge, skills, and relative good will in supporting a more tolerant government. I think we'd have had a much harder time if the Germans had been smart enough to keep them working willingly for them, especially the scientists.
See Margaret Hoover's interview on Firing Line at https://www.youtube.com/watch?v=ODX-0t3t3K4
Be sure to watch through to the end where she nails him with a major flaw in his views (and, to me inactions).
A minor point in the start of my views on balanced trade was at a 1985 Pomona Swap Meet, seeing some Australian versions of cars from the 30s like a hardtop version (no door pillar) of my 39 Chevy Coupe and what a 1950 version of an El Camino (no separate pickup bed) looked like, finding out they had to have at least 25% of the components made in Australia.
I don’t know how they ended up losing the ability to produce their own cars but was intrigued by the smaller more economical to operate engines than similar cars made in the US (or Canada, which also tended to be more practical). Perhaps clues are at https://didyouknowcars.com/the-rise-and-fall-of-the-australian-automotive-manufacturing-industry/
No that don’t understand, and Cheetolini STILL doesn’t understand even the basics of how tariffs work. The orange dipsh*t kerosene saying that foreign governments will be paying the tariffs. Not even remotely true.
They simply raise the cost of imports.
Interest rate cut means factors that influence inflation are improving! Inflation rate at or below 3% how much better can it get? Inflation, immigration and grocery store prices are suppose to be the points of attack by the gop! Inflation is a non- starter! Immigration , the blood is on trumps hands since he killed the bipartisan Senate bill and grocery prices are the result of corporate Greedflation, which no President can control unless the industry is nationalized!!!!
The other issue, Louis, is housing prices. Private equity firms are going around the country buying up single-family homes, raising the prices. These guys need to be regulated. The oligarch class is making renters out of our population. No chance to own a home and build up equity. My wife and I bought our first home in 1975 for $39,250 and then sold our home (we moved up) in 2015 for $3.6 million. We pocketed the equity. Renters don't have that opportunity.
Good point Richard. The other big driver is local zoning laws that limit the nature and quantity of affordable housing that can be built. Too many towns "exclude others" by allowing only single family homes on large lots. MA is beginning to chip away at this with recent legislation. But there is much more to do. The Boston area is losing people (workers!) because it's too expensive to live here.
And let's not underestimate the need for rentals. We are desperately short of them and local zoning blocks them as well. I found this stat interesting:
https://en.wikipedia.org/wiki/List_of_countries_by_home_ownership_rate
One of our older aeronautics students (like some others), had rental properties that seemed to have been mostly homes he had lived in for a few years wherever he had been stationed (buying instead of renting). When the Financial crisis hit and his renters couldn't afford the rents (even though he rarely raised rates unless someone moved out), he told them not to worry, he lowered the rates to what they could afford and had them help take care of the property to keep it in good shape for the following renters, sweat equity instead of cash.
My parents couldn't buy homes through most of our service life since we were in high cost areas like Hawaii, but wherever we were, whether in government quarters or rentals, we left it in better shape than when we moved in. I still wonder if there couldn't be a better way organized to let renters earn some equity as they lived in, maintained and added various improvements.
One friend was so good at improving the home they rented a portion of that the owners pushed them out so their daughter could move back the home she had left before the improvements were made (all at my friends' expense).
I think that Ashton, US expat living in Germany who studied low income housing for her PhD, is explaining how Germany is a country of renters and so renters have protections that they do not have in the US. https://youtu.be/V7d1eQ7Onk0?si=6inDqi8t5XA41dRw
While most of our friends here in Germany own homes, much of that is from inherited wealth. In my husband's family houses get passed down on farms to the next generation that is going to farm. Some people buy their own homes before their parents gift them their houses, but others live in rentals their entire lives, and they get to make improvements to them.
Like, except the last paragraph...
My town south of Boston has a neat accessory dwelling rule which allows home owners to build apartments onto their homes- following some parameters of course.
The rules vary from town to town such as whether it can be attached or separate. It was something we looked at but the steep material and labor costs that also made it so hard to find contractors 3 years ago made us wait to see how this election goes.
I'm very encouraged to consider it again after November.
The documentary Food Inc. 2 points out that Walmart takes in one of every 3 dollars spent on groceries in the US. They have coerced many of their suppliers to lower prices and then pocket the difference. The Walton family is now the richest family in America and they will only get richer as they force more competitors out of business.
It's past time to split Walmart into multiple companies due to their anti-competitive policies.
I read Sam Walton’s story, Made in America. He gloried in driving little mom and pop businesses out of business, especially in small towns, often killing their downtown areas. The “low prices” came at great long term costs. Alice Walton spends all that grocery money on luxuries like horses and art.
Horses are a necessity. So is art.
So is taxing the shit out of Alice Walton.
When my wife was going to UM Rolla, there were stories in the local paper about what Sam Walton did to Rolla retail businesses. By 1990 70% of the retail business in Rolla was going to Walmart. There was one other grocery store within 40 miles of Rolla and there was a K-Mart that closed it's doors in the mid-1990s.
And her daughter bought a $300 million yacht with her "hard earned" money. The Waltons are one of the reasons I dislike trustifarians.
I love “Trustafarians.”
I think that what we need to realize and understand is the dialectic between capital and labor, as it were. Capital, without regulation, will continue to be concentrated in the hands of the few. It's the nature of the beast. This is where government comes in to regulate it. For the sake of the good of the community, it is a necessary exercise. Time to start breaking up these groups, such as Walmart.
It took me a while to see that his "Made in America" stated preference had some small print attached, it had to be within 5% of the cost of what he bought anywhere else.
LIKE YESTERDAY
Louis, finally, polls show more voters believing that Harris is better at the economy than Trump. Maybe if more people hear his plans, they’ll see that Harris is so much better.
And do they understand what will happen if even a few pieces of Project 2025 are enacted.
Oh, wait--the Supreme Court has already put in place the most impactful piece. Presidential immunity.
Almost anyone with a mortgage or wants to borrow for a car or appliances is going to kiss the proverbial pavement as interest rate reduction works through the lending agencies. Though interest rate increases were designed to bring down inflation overall by making it more expensive for businesses to fund expansions etc, it did have an inflationary effect of consumer's basic cost of living. Wherever possible, businesses attempt to pass on increased costs, and they too often live off operating lines of credit.
You get it, Frank. But on the other side of the coin, lower rates mean savers suffer. And the impact of that is two fold: the investor class benefits as savers are lured away from low interest savings accounts and CDs - and they re-enter the stock market which most people don't understand or handle well. Lower rates may also encourage foolish spenders to carry credit card balances (the devious high tax collected by big banks).
The Fed should stop right now. Leave rates alone and stop trying to juice the economy and propping up a stock market. There is nothing wrong with a 6% mortgage. But there is a lot wrong if you can't get at least 4% in an FDIC protected savings account.
JMO
Spoken like a man without a mortgage and a lot of savings.
Nope. Paid off the mortgage a long time ago. And we live on Social Security and a shrinking couple of retirement IRAs. We will die happy and broke.
It is harder than ever for many people to have those options, though.
Our answer was to get away from the rapidly disappearing small banks, and go good credit unions with enough FDIC coverage to insure our modest interest savings to the maximum.
Back in the 80s and 90s, I put 10% (3% company, usually matching 100% of my 3% limit, plus another 1% of mine unmatched) in our Kodak 401(k). It was pretty good for those days, but 12 years ago only provided about 3 days worth of our monthly retirement income the year after we retired.
(When I retired from the military, Kodak seemed one of the best companies to go to work for.)
And if Rupert and Lachlan win their current lawsuit, it will be worse. Wonder who has bribed the judge the most…
These are the same people that think if de-inflation happens it would be a good thing for them, or tariffs on all products would make things cheaper. I've said it for years, lack of economic literacy and quality education is the reason why the American experiment might fail.
They certainly didn't want the immigration bill to pass. They killed that, but they failed to ruin our economy. (Although trump seems to be killing his own private economy. I love watching his stock tank.)
Not surprised that he’d kill his own stock. Trump is a scam artist.
Just a terrible business person! 6 bankruptcies!?
lol on that! It will go to worthless if and when Trump loses the election.
Time for a short sell. 😎
Do remember that this idiot - tfg, donvict, 45, trumpster or whatever - wants to make the Fed (Federal Reserve and/or its chairman) non-independent.
Trump's real story, not covered by MSM on page 1, is the 75% decline in Truth Social stock value. Who are the schmucks that bought at $79?
Who are the people he scammed by his 2020 reelection campaign? He had to refund $122.7 million to supporters in 2020, giving back nearly 11% of the money it raised.
As soon as he had "assassination" attempts, he had a grift in place. What did he sell? To whom. How was he able to start grifting so fast?
When DJT stock went public there were several stories about the Trump sycophants that bought the stock at or around $79/share. A few "invested" their entire 401-Ks and IRAs into the stock.
Several of them were the true believers that think that Trump has never told a lie and that he won the 2020 election.
I almost feel sorry for them. Why isn't the MSM interviewing these poor people now?
They probably still love him. And believe that “he will rise again.”
Of course JD. He's ("him") been done so wrong, wrong, wrong..., in their minds. Either way, should "him" win or lose WE the people are going to have our hands full maintaining some semblance of law and order. Just look at the behavior of the Sheriff in Springfield, OH. He's taking down names. Yup. Look for more like that. It's called retro.....bution. Then comes 'round em up'!
Good lord, round them up will apply to all of us eventually
Let them be "sorry" by themselves amongst their "sorry" friends, such as they are. It's just another boring story for MSM to choose from and I sure don't want to listen to it.
I don't. In the least.
Some MSM do … it’s now about $16 per share — about an 80% decline in value. Ooops, and it’s all time high was almost $98 per share, reflecting an almost 85% decline in value for those idiots who may have purchased at or near its high!
And still overvalued.
Did he actually return the 122.7 mil ?
That can't happen. Crude as it is , monetary policy is a potent tool the Fed uses to help its economic stabilization mandate.
According to Andra Watkins, Christian Nationalists in General, which is who Trump works for and JDV is, are for people suffering because they think that brings them to God in the wayside they want them to come. If empowered they will MACN. Make America christian Nationalist. https://open.substack.com/pub/project2025istheocracy/p/christian-nationalists-suffering?r=f0qfn&utm_campaign=post&utm_medium=email
So, destroying our economy except for the for the rich people that fund their campaigns and prop them up, is part of their goals. They want the haves to be few and the have nots to be plentiful and beholden to them for government services which will all be tied to embracing Christian Nationalist ideals and behaviors.
Linda, you are correct: the war is between the oligarchs and the rest of us. The oligarchs have manipulated the evangelical Christians into voting against their own best social and economic interests. Oligarchs vs. the people. HCR covers this in her book, "How the South Won the Civil War."
Richard, JDV is the epitome of Tech Bro Oligarchs and Christian Nationalists coming together. I have read that he is put in place by the Tech Bros like Peter Thiel to win with Trump and then using Article 25, take over from Trump by claiming that Trump is incompetent.
maybe a bunch are praying for Netanyahu to bring on Armageddon at Megiddo in the Jezreel Valley. Sadly too many Americans in their sacred churches are praying for a renewed "Christianization" of American Society. Like the Apostle Paul they feel they lived in an alien, Satan dominated society. That includes Johnson, big time. Likely Mitch too.
Linda, Project 2025 lays out how they will do away with government services that do not serve the oligarchs (starting with Head Start, FEMA and free school lunches). As members of Joel Osteen’s congregation found when he refused to open the church to house people displaced by Hurricane Harvey, churches don’t always step up like FEMA (he eventually opened the doors when the local media shamed him).
Mary, my Democrats Abroad Book Club which is reading Project 2025 has read and discussed about 12 chapters and the forward. We are skipping around. We did notice that all of the food programs were to be moved to the Department of Health and Human Services and made harder to access, but they also want to turn the HHS into the Department of Life, so what happens to these program or Special Education Services which also would be moved to HHS after the Department of Education is nixed. What these dumber than dirt Republicans do not seem to understand is that even elite private schools will be hard pressed to find well trained teachers when colleges of education are corrupted by the new accreditation standards, which may be changed or removed. Our whole system of higher education is under attack with no government backed student loans. Are you saying all the teachers will come from the elite, the only ones who can afford to get an education? So, many things will be destroyed with their plans for Education, and will set the US to be more like a third world country.
Hhahhaaa... welp.., much to their 'religiott' distress has come the opening-up of the LGBTQT+Etc closet door exposing the behaviors for all to "deal with" and to accept. Accept, maybe.., not so much for some. Al the while tho, of the pillars supporting this huge religious deck (platform, whatever) many are rotting out or being undermined by the waters (influencers, if you will) that are really flowing through the sieve (the net!) unabated. Even the Mormon mega-church is starting to swing-away on some of their gates with their own Onlyfans fascination. Of course, none of this stuff we now get tossed in our face is new by any means. Merely human behavior, like it or not, has existed long before the alphabet was thrown at it. Christian Nationalist "ideals" being permeated family by family. Oooop, I can hear another pillar crumbling.
“Gosh! It’s almost as if the Trump campaign doesn’t want to see the ecomomy doing well!”
They don’t. They would gladly crash the economy if they could pull it off before the election.
Oh, they will. They will block funding of the government on the 1st of October, and then blame Biden and Harris for it.
Of course. America needs to be a hellscape, so that the Great Orange Hero can come to your rescue - and only he can save you!
He has created the carnage that we see every day, so he can point to things and say, I can fix that. How much our current crises can be attributed to republicans, either created or made worse…. Every last horror that we deal with today
We’d punish a firefighter arsonist for setting fires—but not Trump’s Chaos Creators.
burn baby burn, Trump that is.
Only he won't. He will turn the US into one big Christian Nationalist wait for End of Days and until them follow CN rules or else get put into immigration prison and deported.
They don’t. They want us all hostage. Remember, walls keep people in as well.
Not before the election
Then they could blame Joe.
I blamed W for the debacle in 2008, but it didn’t take repubs long to dump it on Obama
Curses!
No doubt whatsoever
.dude...it is commonly known now that the deranged Magat cult psycopaths worship the orange turds that drip out of the orange asshole.
BE CAREFUL OF J.D. VANCE
B.L.U.F. (bottom-line, up-front): J.D. Vance is a formidable candidate and the vice presidential debate will be crucial to victory.
We need all those G.O.P. endorsements. I have not paid attention to Senator Vance. Then I listened to a couple of speeches. This candidate is formidable. Check out minutes twenty-four through thirty of this speech in which Senator Vance takes questions from local reporters.
https://www.c-span.org/video/?538417-1/senator-jd-vance-campaigns-raleigh-north-carolina
Senator Vance did this in at least one other speech. He prefaces his dialogue by accusing Vice President Harris of avoiding the Press. Well one thing for sure: ¡the Falstaffian 'alien count' is now up to twenty-five millions (Henry IV, part-1: Act II, Scene-4)!
For once, Trump appointed (and kept) someone who seems to know what he’s doing—Jerome Powell—and is focused on doing what is best for the country. And Biden was smart enough to not fire him out of spite (something that Trump seems unable to do).
NOT under the Biden/Harris watch, of course, you're being sarcastic!
Thank you for recognizing the sarcasm! Say, do you have a cousin named Laura? (Apologies - couldn’t resist)
lol, you're not the first, if so, a very very distant many times removed. My surname comes from Nova Scotia, Canada, where they are fairly plentiful. There is a big FB group of American Loomers of all stripes I'm sure.
Only he can wave his magic wand and make the economy well!