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The tariff doomer hype promised utter catastrophe.
Trump tariffs: When consumers should expect inflation, price hikes to hit wallets – CNBC
Nearly 90% of Americans expect tariffs to raise prices, Gallup poll finds – CBS News
I wonder who told them to expect that?
Trump’s Tariffs Would Boost Inflation, Shrink the Economy, Trump’s tariff plan amounts to a $3 trillion tax hike – Senate Committee on the Budget
Tariffs May Push Up Inflation Just As It Was Getting Better – Investopedia
Trump’s Tariff Would Cost the Typical American Household Roughly $1,500 Each Year – Center for American Progress
Trump’s tariffs could cost American households $5,200 annually – Center for American Progress
Which one was it? $5,200 or $1,500?
Well the numbers are in and the hype is dead.
Trump tariffs have little impact on prices so far, defying grim forecasts – Politico
Inflation eased after Trump’s ‘Liberation Day’ tariffs, defying fears – ABC News
The experts win again.
Fed Governor Adriana Kugler said Monday that the administration’s new taxes on imports are still “pretty high” and that she expects inflation to rise and growth to slow soon.
Any day now, says a former fellow with the Center for American Progress nominated by Biden.
They want America to fail. If it succeeds, it’ll raise questions about them, won’t it?
This reminds me of the following joke. A guy jumps off the balcony of his 10th floor apartment. While on the way down a person on their 4th floor balcony asks “how’s it going?” The guy responds “so far , so good.”
I was a critic of Modern Monetary Theory. No, inflation did not take off right away. Supporters of MMT pointed to the lack of inflation as proof of the policy’s effectiveness right up until inflation took off.
Many things, e.g. monetary policy, e.g. adjustments to equilibriums work with variable lags.
Trump has blinked many times on tariffs. He’s suspended many of the tariffs he originally imposed.. The markets, where people have real money at stake, respond negatively to the tariffs and positively to suspension of the tariffs.
I am not fed up with, but instead inspired to respond to, assertions that anyone critical of Trump’s tariffs wants “America to fail.” It is a sad commentary that any criticism of any Trump policy is irrefutable proof the critic has to be a liberal Communist who hates America and who should move to another
This brings me to post #5 from my office door.
“If diversity is so unassailably desirable, why is there such a conspicuous lack of white males in so many college Diversity, Equity, and Inclusion Offices? Given the demonstrable lack of Republicans in so many academic departments, should we conclude Republicans aren’t welcome? Shouldn’t colleges be seeking viewpoint diversity?”
Does this look like the posting of a liberal?
It looks like the first sane comment you’ve ever posted.
I’ve got a file of your comments. Here’s one:
“The WSJ is whacking off its retarded readers. How are Americans going to get “whacked” by tariffs on goods they don’t need or even want? ”
Brilliant stuff! Keep it coming!
And you disagree with those facts how……….?
From a recent Wall Street Journal, which according to one commenter is no longer conservative:
The Great Trump Tariff Rollback
The President started a trade war with Adam Smith. He lost.
By The Editorial Board
May 12, 2025
“Rarely has an economic policy been repudiated as soundly, and as quickly, as President Trump’s Liberation Day tariffs—and by Mr. Trump’s own hand. Witness the agreement Monday morning to scale back his punitive tariffs on China—his second major retreat in less than a week. This is a win for economic reality, and for American prosperity.”
The Wall Street Journal has never been conservative and nothing it writes is trustworthy. It’s a rag. Not as terrible as the NY Slimes but quite terrible.
Yet another mindnumbingly dumb assertion.
Entertain us again with how exporters to the U.S. won’t raise prices after a tariff. That was some unintentionally funny stuff.
Here’s a few of your gem postings:
“Being stupid enough to read the Wall Street Cornhole is nothing to brag about. That’s like bragging about watching MSDNC or “The View.”
“Only neocons and libertarians read that rag, and they’re all scumbags.”