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possumverde
Bloomberg Podcasts
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Comments by "possumverde" (@possumverde) on "Bloomberg Podcasts" channel.
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If he changes his mind again. Canada and Mexico should just 25% all US goods anyway and start finding other trade partners. The world should cut us off entirely and let us become like North Korea.
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Border crossings down over 100%... couldn't even make it 20 seconds without pulling nonsense out of his 🫏. How does anyone take him seriously?
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You know, if our automakers would quit producing vehicles designed to have a short lifespan in order to encourage the purchase of new models on a regular basis (perpetual consumer debt business model), European countries might lessen their tariffs a bit. They aren't fans of having seas upon seas of used car dealerships and junkyards filled with oil leaking three to five year old cars that won't sell like we are.
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Our trade deficit increased by a great deal as a result of the counter tariffs placed on us in return. That ultimately tells you who won that fight.
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Tariffs are essentially a sales tax and sales taxes hit the poor and middle class much harder than an income tax does.
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BTC is vapor currency... even more pointless than gold.
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Considering they have to have unaliving preventing nets around the manufacturing plants to catch jumping slaves, perhaps "huge leap" isn't the best terminology to be using...
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His isolationist and appeasement policies along with his completely unthoughtout mass deportation policies will do far more harm to our economy (and national security) in the long run than any of the minor temporary benefits his economic policies might be able to provide in the short term.
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Bloomberg knows economics. Trump doesn't. That's why Trump doesn't like Bloomberg himself. Bloomberg is an actual example of a successful businessman.
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​ @Rill_1 Buying American apples will mean a price increase because American apple producers have to pay much higher wages for harvest and processing etc., while continuing to buy tariffed imported apples will cost more because the US company importing them will pass the cost they pay for the tariff on to the consumer. Either way, you will pay more for that apple after tariffs. In the case of agricultural products, you will definitely pay even more for American products after mass deportation.
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​ @RobertMJohnson Do you even know the real reason they have high tariffs on our cars? Especially in Europe?
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Had to keep the wind from blowing that dead ferret he wears on his head off.
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It's not true. They would have shown some proof by now.
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In the past Congress and the Judicial branch did their jobs and reined in the Executive branch when it got out of line.
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April 2 are the worldwide "reciprocal" tariffs. These are the previously postponed Canada/Mexico specific tariffs.
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No Donald Trump
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He ran on a platform of returning us to the robber baron era... what did you expect?
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April 2 is the worldwide "reciprocal" tariffs. The March date is the previously postponed Canada/Mexico specific tariffs.
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​ @Wertyingf Biden had to deal with Covid's effect on the economy. Trump just comes up with silly nonsense on the 🚽. Big difference.
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They know far more about business and economics than Trump ever has. It's what their parent company was founded on after all.
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Bootleg it, we'll buy.
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Yay... the return of pointless paperweights...
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It's generally the rich who drink European wine anyway... I think people will still dish out the tariffed cost for champagne on special occassions... big whoop. The US loses that fight.
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@kevinolson1710Â It would appear fairly obvious. It's something they have in common...
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Bloomberg people actually understand economics... much like Bloomberg himself. An actual successful businessman who also knows how to make those who work for him successful as well. Unlike Trump, the pretender.
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Back to the robber baron days?
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Used very sparingly. We shied away from their common usage around a century ago because they are far too much of a double edged sword. Not only do they guarantee price increases, they also mean counter tariffs from those we tariff. The latter almost always means a trade deficit increase on our end as we generally continue to buy their goods while they can usually find cheaper alternatives to ours.
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He's already said that one of his first priorities are 10% to 20% unspecified tariffs on unspecified countries. It's an insane shotgun approach. The only good thing is if he does it with an executive order, Congress (if they care about the country more than the party) can end them after 150 days.
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The term was around when his daddy bought his business school diploma... nearly 60 years ago.
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Yeah, Zelenskyy
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Constipation. The Senate has yet to confirm the royal 🫏 wiper.
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It's not lies. It's reality. You're going to feel it in the wallet once Trump's policies go into effect.
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Especially the cheap stuff. We're all going to need it when the economy crashes.
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Go look at the trade deficit they created...and yes prices on those goods went up. Quit spreading false information.
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The jobs are a holdover from Biden's economy. Forecasters know that once the holdover economy is replaced, it's going to get really bad. Hence, futures tanking more each day.
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​ @stephencalcote6138 They're well behind Biden's average there.
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This is the kind of stupidity you get from a failed businessman who went to business school.. 60 years ago... Complete lack of understanding of modern economics.
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 @a.lawrence4969 All economists not on his payroll are against it.
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Yep. Did the same thing last time.
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Like your cyber truck do you?
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His first term tariff war helped him set the record for four year increase in our trade deficit...
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 @terraholdingco Nope
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​ @JJarrhead Our stuff is pretty garbage overall to be honest. This coming from a Tennessean.
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They want in unstable so that they can create bubbles in the market to exploit.
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You had a staged ambush for PR purposes with President Zelenskyy... blew up in your face, and lost you the deal. Good job. Take it seriously next time and behave like adults... and leave that amateur Vance out of it.
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Wonder if he can spell it...
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Yeah, any idea he gets on the đźš˝ he puts into an executive order.
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Nah, they'll just start laying off workers and we'll just start paying more.
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Bloomberg knows economics. Trump doesn't.
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We are weak with him and his unqualified cabinet at the helm.
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