Of Course Trump Will Tank The Economy. It's What Republicans Do

[AZRWinger]

Did you bother to read either one I posted? I made reference to who and when, post #130.

You wildly misunderstand the paper you linked. Try actually reading it for comprehension instead of distorting it into an Orange Man Bad hit piece.

Debt was a factor, for both, the bigger reasons were listed in both.

Debt is a factor so it stands to reason that at some number it will crash the US credit rating. S&P lowered the US credit rating in 2011 following another hotly contested debt ceiling increase citing the lack of a plan to deal with the rising US debt. Moody's made a similar downgrade for the same reason in 2023 amidst Kim Jung Biden's inflation inducing spending orgy.

Instead of pretending you understand the methodology for evaluating soveriegn debt, you don't. Here is an article explaining in broad strokes how credit rating agencies do their work.

https://www.imf.org/external/pubs/ft/wp/2002/wp02170.pdf

Subsection D of Methodology explains the importance of debt in the evaluation.

 

[OrphanSlug]

You wildly misunderstand the paper you linked. Try actually reading it for comprehension instead of distorting it into an Orange Man Bad hit piece.

Debt is a factor so it stands to reason that at some number it will crash the US credit rating. S&P lowered the US credit rating in 2011 following another hotly contested debt ceiling increase citing the lack of a plan to deal with the rising US debt. Moody's made a similar downgrade for the same reason in 2023 amidst Kim Jung Biden's inflation inducing spending orgy.

Instead of pretending you understand the methodology for evaluating soveriegn debt, you don't. Here is an article explaining in broad strokes how credit rating agencies do their work.

https://www.imf.org/external/pubs/ft/wp/2002/wp02170.pdf

Subsection D of Methodology explains the importance of debt in the evaluation.

Even your source defines importance as being more than just sovereign debt, and in Subsection D the benchmark sovereign yield spreads have the US above the rating they have now and well above in rating the nations they compared the US against.

In each US credit rating reduction from 2011 to current debt was of course mentioned, the *reason* listed was political stability and outlook. Not necessarily out of line with that large pdf.

 

[AZRWinger]

Even your source defines importance as being more than just sovereign debt, and in Subsection D the benchmark sovereign yield spreads have the US above the rating they have now and well above in rating the nations they compared the US against.

In each US credit rating reduction from 2011 to current debt was of course mentioned, the *reason* listed was political stability and outlook. Not necessarily out of line with that large pdf.

Debt was mentioned? Not having a plan to deal with ever increasing debt was the driver of the credit downgrade.

Note the choice of words "Not necessarily out of line" weak sauce for a weak offense.

 

[OrphanSlug]

Debt was mentioned? Not having a plan to deal with ever increasing debt was the driver of the credit downgrade.

Note the choice of words "Not necessarily out of line" weak sauce for a weak offense.

I already gave the direct quotes for the credit downgrades, does not line up to your argument.

 

[AZRWinger]

I already gave the direct quotes for the credit downgrades, does not line up to your argument.

Sure you did.

Read the linked article.

 

[OrphanSlug]

Sure you did.

Read the linked article.

If you are talking about the IMF linked document, I already have, starting to question if you have.

 

[Tensor101]

Peter Navarro said the tariffs will add $600 Billion to the Treasury over 10 years. ALL paid by American consumers and businesses constituting the largest tax hike in American history.

Correct, and then they will split it up among them with Trump at the head of the line. That's what the plan was all along and he does a poor job of hiding it.

 

[AZRWinger]

If you are talking about the IMF linked document, I already have, starting to question if you have.

Great, how about some discussion based on specific quotes you present.

 

[OrphanSlug]

Great, how about some discussion based on specific quotes you present.

What is it you would like to discuss now? Perhaps the better question is what do you have to add to the discussion on Trump slowing the economy down over a trade war?

 

[AZRWinger]

What is it you would like to discuss now? Perhaps the better question is what do you have to add to the discussion on Trump slowing the economy down over a trade war?

There you go, playing a game to avoid discussion of your claims.

 

[OrphanSlug]

There you go, playing a game to avoid discussion of your claims.

I guess we can go through this again and make everyone tired... what claim, as in exactly, did I make that was not backed up?

 

[SoccerCoach]

Here it comes: Wednesday is "Liberation Day," when Donald Trump plans to announce the tariff structures that will save America. Politico reported over the weekend that no one in the White House has any idea what's going on, because it's all in Trump's head. Gibberish, all the same, continues to spill out of that head after sluicing its way through the oral cavity, as when he told NBC's Kristen Welker over the weekend that he "couldn't care less" if car prices go up.

Meanwhile—and here's a sentence that should always make one quake in terror—the Republicans say they're moving fast on passing their budget. The new plan is much like all the old ones, the usual garbage heap of tax cuts and spending cuts designed, as Republican budgets generally are, to punish poor and old people; its most notable feature being $880 billion in cuts to Medicaid over 10 years. Some Republicans are even acknowledging that the numbers don't add up, which is in its way refreshingly honest of them.

Where are we headed? A recent survey of corporate chief financial officers finds 60 percent of them agreeing that we're headed for a recession this year. Is anyone surprised? This is what Republicans do. They screw up the economy. Later down the line, Democrats get elected and have to fix everything. Then the media characterizes the economic first responders as the tax-and-spend liberal wastrels—lather, rinse, repeat. This has been happening since 1990, and it's happened three straight times. You'd think the American people might have noticed by now.

Of Course Trump Will Tank the Economy. It’s What Republicans Do.

As the president’s “Liberation Day” nears, it’s time to liberate ourselves from the vicious cycle of Democrats having to clean up the GOP’s messes.

newrepublic.com

Inflation is down gas is down jobs beat expectations real jobs not government jobs 7 trillion being invested in manufacturing all nations are willing to pay the 10% kickback and open their markets so where is the tank?

 

[JohnfrmClevelan]

Inflation is down gas is down jobs beat expectations real jobs not government jobs 7 trillion being invested in manufacturing all nations are willing to pay the 10% kickback and open their markets so where is the tank?

Other nations don't pay the "kickback," we do. And markets were more open before the tariff wars.

That $7 trillion in "investment" is imaginary. The only boost in "investment" is companies building up inventory ahead of tariffs kicking in.

Meanwhile, ports are sitting empty.