General Discussion

blake2012

(1,294 posts) Thu Mar 22, 2018, 07:48 PM Mar 2018

So with tariffs and rise in interest rates, well get twin taxes of inflation and higher cost of

money. Add to that the eroding of affordable insurance and reduction in 401k value—the average middle class American is being fucked by Trump.

11 replies

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So with tariffs and rise in interest rates, well get twin taxes of inflation and higher cost of (Original Post) blake2012 Mar 2018 OP

Yeah, Sherman A1 Mar 2018 #1

Noooooo.. He's making America great again! meadowlark5 Mar 2018 #2

So when is the 4% growth rate gonna happen? ollie10 Mar 2018 #6

We will be lucky to not be in recession at the end of 2018 blake2012 Mar 2018 #8

If the economy tanks, it will be the R's nightmare come the midterms ollie10 Mar 2018 #10

Agreed. But even conspirators cant control everything blake2012 Mar 2018 #11

If banks fear inflation, they naturally raise interest rates ollie10 Mar 2018 #3

Exactly. And that massive tax cut package when we are at full employment created incentive to try blake2012 Mar 2018 #7

Yup. Trump inherited an economy on the upswing. ollie10 Mar 2018 #9

I would use a different adjective...but cant pbmus Mar 2018 #4

I heard pundits on Fox News channels... yallerdawg Mar 2018 #5

Sherman A1

(38,958 posts)

1. Yeah,

Reply to blake2012 (Original post)

Thu Mar 22, 2018, 07:50 PM

Mar 2018

pretty much.

meadowlark5

(2,795 posts)

2. Noooooo.. He's making America great again!

Reply to blake2012 (Original post)

Thu Mar 22, 2018, 07:54 PM

Mar 2018

and even if his idiotic deplorables do end up feeling the pain in their wallet - Fox News will tell them it's the dems fault and probably some left over something from Obama and they'll still pine for the day they could maybe press their lips to Trumps ass.

ollie10

(2,091 posts)

6. So when is the 4% growth rate gonna happen?

Reply to meadowlark5 (Reply #2)

Thu Mar 22, 2018, 07:57 PM

Mar 2018

You know, the one Trump promised.....

I suppose the same day as Mexico pays for the wall that won't be built?

blake2012

(1,294 posts)

8. We will be lucky to not be in recession at the end of 2018

Reply to ollie10 (Reply #6)

Thu Mar 22, 2018, 08:00 PM

Mar 2018

ollie10

(2,091 posts)

10. If the economy tanks, it will be the R's nightmare come the midterms

Reply to blake2012 (Reply #8)

Thu Mar 22, 2018, 08:04 PM

Mar 2018

blake2012

(1,294 posts)

11. Agreed. But even conspirators cant control everything

Reply to ollie10 (Reply #10)

Thu Mar 22, 2018, 08:05 PM

Mar 2018

ollie10

(2,091 posts)

3. If banks fear inflation, they naturally raise interest rates

Reply to blake2012 (Original post)

Thu Mar 22, 2018, 07:55 PM

Mar 2018

Which may slow down the economy. And meanwhile, the tariffs could bring a full scale trade war that raises prices all the more while decreasing our exports and thus losing jobs.

Ugh....what a fool we have as president

blake2012

(1,294 posts)

7. Exactly. And that massive tax cut package when we are at full employment created incentive to try

Reply to ollie10 (Reply #3)

Thu Mar 22, 2018, 07:58 PM

Mar 2018

Slowing economy a bit with interest rate hike. The deficit and debt are going to spike at the same time as interest rates rise. So our national cost to service our ballooning debt just went up too.

ollie10

(2,091 posts)

9. Yup. Trump inherited an economy on the upswing.

Reply to blake2012 (Reply #7)

Thu Mar 22, 2018, 08:02 PM

Mar 2018

It improved for awhile, as it would have done no matter who was elected....

Now Trump blows it up.

pbmus

(12,422 posts)

4. I would use a different adjective...but cant

Reply to blake2012 (Original post)

Thu Mar 22, 2018, 07:55 PM

Mar 2018

yallerdawg

(16,104 posts)

5. I heard pundits on Fox News channels...

Reply to blake2012 (Original post)

Thu Mar 22, 2018, 07:57 PM

Mar 2018

pointing out how they "hired" the Dotard in the White House to "drain the swamp" and "be different."

A $1.3 trillion dollar debt package and no wall is the same old thing!

Democrats handed him his ass. And his response is to fill his cabinet with Fox News pundits.

Well, good luck with THAT, dumbass! They hate you as much as we do!

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