Trump says Harris' economic plans would put US in '1929-style depression'

[Germinator]

Trump says Harris' economic plans would put US in '1929-style depression'
Published October 4, 2024 7:10pm EDT

Former President Trump on Friday claimed that if Vice President Kamala Harris' economic proposals are implemented, they will plunge the U.S. into a downturn reminiscent of the Great Depression.

"She would be a disaster," the GOP presidential nominee said of Harris during an interview with FOX Business' "Kudlow" host Larry Kudlow. "If you followed her policy, you will end up in a 1929-style depression, 100% certain, and companies will flee, and jobs will flee, and everything's going to flee."

Trump says Harris' economic plans would put US in '1929-style depression'

Former President Trump told FOX Business' "Kudlow" on Friday that Vice President Kamala Harris' economic policies would send the U.S. into a depression if implemented.

www.foxbusiness.com

 

[phoenix2020]

Since MAGA accusations are confessions, we can take this to mean that Trump will bring about a 1929-style depression, with 100% certainty, and companies will flee, and jobs will flee, and everything's going to flee.

 

[j brown's body]

I think we all have a pretty good idea of what Trump's word is worth.

 

[uptower]

 

[SNOWFLAKE]

Stop with the TDS and "hatred" of Trump already.

Y'all want to be like them Globalists, DEIs, Libruls, feminists, and such, we folks over here we just wanna MAGA.

 

[Isidore]

"She would be a disaster," the GOP presidential nominee said of Harris during an interview with FOX Business' "Kudlow" host Larry Kudlow. "If you followed her policy, you will end up in a 1929-style depression, 100% certain, and companies will flee, and jobs will flee, and everything's going to flee."

A month ago, when asked if there would be a recession this year...

"I hate to predict things like that." – DJT​

 

[Slartibartfast]

This means a depression is coming

 

[Germinator]

Stop with the TDS and "hatred" of Trump already.

You're absolutely right,... just because there's lots of smoke, heat, and a really bad smell, doesn't necessarily mean a 'yuge' pile of $hit is on fire

Since the "stable genius" is confidently at the helm, all the haters should just wait and see what happens

 

[Ishm]

As above, with Trump, and most of the maga world, every accusation is really a confession.

A month ago, when asked if there would be a recession this year...

"I hate to predict things like that." – DJT​

In other words, Trump was saying he had no idea what his tariff plan was going to do, but since he is "Tariff man". he was going to just do it anyway. Playing fast and loose with the global economy, and especially with the American people, is just a fun game for a $billionaire who really doesn't gaf about who he is hurting.

 

[triharder]

Trump's screaming that Kamala Harris would cause a "1929-style depression" is pure theater — not serious economic thinking.
Modern economies don’t just collapse overnight because of tax policy changes. But he’s counting on fear to keep people locked into the same old chaos.

Real leadership isn’t about shouting doom every five minutes — it’s about steady hands, smart planning, and believing the future is bigger than one man’s ego.

We’ve been through enough panic shows. It’s time for calm, real leadership that actually moves the country forward. That's not this Republican Party.

 

[Paradoxical]

Since MAGA accusations are confessions, we can take this to mean that Trump will bring about a 1929-style depression, with 100% certainty, and companies will flee, and jobs will flee, and everything's going to flee.

This is a healthy correction. The stock market has been overpriced for a long time because of Biden spending and cheap goods and labor from third world countries. This will be back to the 60s before the flood of illegals and cheap foreign goods which were scorned then but adored now by the left who claim they are for union workers but are not.

 

[Ishm]

This is a healthy correction. The stock market has been overpriced for a long time because of Biden spending and cheap goods and labor from third world countries. This will be back to the 60s before the flood of illegals and cheap foreign goods which were scorned then but adored now by the left who claim they are for union workers but are not.

You do understand that Americans are incredibly richer today than they were in the 1960s?????

 

[Paradoxical]

You do understand that Americans are incredibly richer today than they were in the 1960s?????

Duh! wealy? OMG. It is?? Why dint u tel me?

 

[SNOWFLAKE]

Duh! wealy? OMG. It is?? Why dint u tel me?

Sad that we had to tell you.

 

[SavannahMann]

Well. Let’s see.



Maybe this time will be different.

 

[Germinator]

This is a healthy correction. The stock market has been overpriced for a long time because of Biden spending and cheap goods and labor from third world countries. This will be back to the 60s before the flood of illegals and cheap foreign goods which were scorned then but adored now by the left who claim they are for union workers but are not.

The issue of free trade is complex, especially considering the unique position of the United States. The dollar's status as the global reserve currency necessitates a sufficient supply of dollars circulating globally. This leads to trade imbalances, which are a feature of the system, not a bug.

Essentially, the U.S. provides a globally desired product—dollars—and receives material goods in return.



In a global economy, free trade benefits everyone by increasing product variety. Consider this: without free trade, a cup of coffee in a closed (U.S.A. only) system would be significantly more expensive. Hawaii alone couldn't meet the national demand.

Furthermore, global free trade is intended to mitigate international armed conflict. The idea is that trade fosters communication and provides access to a wider range of goods and services.

Think about smartphones. Their ubiquitous presence wouldn't be possible without global trade.

The iPhone, designed in California, could theoretically be built anywhere in the U.S. However, assembling such complex electronics is not a job many Americans pursue. This contrasts with the situation of rural workers in countries like China.

While the global trade system has its issues, humanity is generally better off with it, as it serves as a preferable alternative to armed conflict.

For a deeper understanding of the "American-style" global free trade system, designed to reduce the risk of global nuclear conflict, I recommend reading 'The Accidental Superpower':

https://www.amazon.com/Accidental-Superpower-Generation-American-Preeminence/dp/1455583685

Related to this is the political tension caused by the dollar's reserve currency status, known as the Triffin dilemma:

Triffin dilemma - Wikipedia

en.wikipedia.org

With this economic framework in place, enter stage right, Trump.

His approach can be described as a 'bull in a china shop.' He appears uninterested in the intricate details of global economics and is only interested in being the center of attention, playing the role of a dealmaker.

Trump's strength lies in engaging people, not in actually managing ongoing businesses, as evidenced by his long history of failed ventures.