Does MAGA appreciate how good the economy is right now? The inauguration isn’t for another 73 days

bnew

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OperationNumbNutts

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I really don't know what to think. Folks are saying the economy is good but people are still getting less for their dollar. Also, I'm still seeing businesses closing and plazas with vacant spaces. I'm questioning the news we are feed is flat out bullshyt. :francis:
 

ISO

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I really don't know what to think. Folks are saying the economy is good but people are still getting less for their dollar. Also, I'm still seeing businesses closing and plazas with vacant spaces. I'm questioning the news we are feed is flat out bullshyt. :francis:
Rent, mortgage, tuition, health care, child care is too high. Theres a dramatic uptick in homeless and fiends in America.

Otherwise yeah Americans are consuming more than ever. People are going on vacations more than ever. With the gig economy it’s impossible to be truly unemployed or not be getting your hustle on.

A lot of people are living above their means. There is an expectation in basic lifestyle now and everyone wants to reach that.

A lot of this “grocery talk” is bullshyt been hearing that my whole life. I talk to people and they mad at an Arizona not being a dollar anymore. Dumb shyt. Dozen eggs is $3.79 and I’m in NYC that’s not wild.

In the past eras people weren’t spending as much as they do now on appearance, home goods, cars, vacations, phone upgrades, subscriptions. I don’t think ppl understand how good we have it compared to the past
 

Alvin

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Groceries are expensive for a bunch of different reasons

Mainly goes back to the simple law of supply and demand. If something disrupts a component of the supply chain, production costs go up so the selling price goes up as well

We've got wars, diseases, labor strikes, and natural disasters happening around the world where we source our food and purchasesd goods

It def sucks but it's kinda an inevitability though not helped by the pandemic we're still technically in.

That vote for trump aint finna poof all that away so just sit tight:francis:
yeah but that would have marginal increases, covid is the biggest one and we have moved on from that. Biggest issue now is shrinkflation, Trump is not going to create policies and go after those corporations doing that.
 

bnew

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1/11
@samstein
Trump tells Time he's not sure he can get the price of groceries down:

"It's hard to bring things down once they're up. You know, it's very hard."



2/11
@Ckawasaki
That’s 100% correct. Deflationary pressures are not desirable.

Proper policy should target income growth in excess of cost growth.

This is 101 stuff Sam - keep up.



3/11
@samstein
bud. talk to Trump

“Prices will come down,” Trump told voters during a speech last week laying out his vision for a return to the White House. “You just watch: They’ll come down, and they’ll come down fast, not only with insurance, with everything.”



4/11
@TheDerangement
That’s not what he said at all. Try giving the entire quote instead of clipping it to fit your agenda



5/11
@SouthpawLeftist




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6/11
@ArtCandee
Bravo, MAGA. They’re gonna keep going up. 🤦‍♀️



7/11
@supreetkay
Here is the full quote:
Q: If the prices of groceries don't come down, will your presidency be a failure?

"I don't think so. Look, they got them up. I'd like to bring them down. It's hard to bring things down once they're up. You know, it's very hard. But I think that they will. I think that energy is going to bring them down. I think a better supply chain is going to bring them down."

Source: Time Person of the Year Interview



8/11
@Ronxyz00
Lol! We knew he didn't know what he was talking about. He lied to his base, again!



9/11
@Mollyploofkins
Are We Great Yet? 'Cause I Just Feel Embarrassed Political Bumper Sticker | /search?q=#ad
Amazon.com



10/11
@Timcast
@CommunityNotes



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11/11
@TheTNHoller
Also:

[Quoted tweet]
WATCH: “The root of inflation started with Trump.”

Pretty wild that only @mcuban and a few others talked about Trump’s OPEC 2020 deal getting Saudi Arabia & Russia to cut oil production, and the role it played in spiking gas prices — which spiked inflation for 2 years.


https://video.twimg.com/amplify_video/1862865848089587712/vid/avc1/720x720/mjqC6vBsRRyw6tft.mp4


To post tweets in this format, more info here: https://www.thecoli.com/threads/tips-and-tricks-for-posting-the-coli-megathread.984734/post-52211196




1/11
@joncoopertweets
Trump in August: "From the day I take the oath of office, we’ll rapidly drive prices down, and make America affordable again. Prices will come down. You just watch. They’ll come down fast."

Trump now: “It's hard to bring things down once they're up. You know, it's very hard."



2/11
@Timothy_Bellman
If you campaign like this, eventually you gotta let the cat out of the bag that you can’t actually deliver.

We like learning things the hard way in this country.



3/11
@GailDow12
If Trump’s lips are moving he is lying. Sad part is the republican base will swear their finances are better.



4/11
@lawrev86
Bait and switch



5/11
@Mollyploofkins
Are We Great Yet? 'Cause I Just Feel Embarrassed Political Bumper Sticker | /search?q=#ad
Amazon.com



6/11
@turnerwestvan
He lied to his base. Shocking.



7/11
@moridieth
Evergreen for the next four years



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8/11
@coldsignalz
Prices have gone higher since then



9/11
@realspecialboy1
He said 12 months. We will see.



10/11
@barbhodge54
Sorry you are still so triggered. Did you see our duly elected President this morning at the NYSE and on the cover of TIME Magazine? Optimism is in the air due the first time in a very long time 🫵🇺🇸



11/11
@NixxBlackwood
It seems like Trump’s perspective has shifted a bit from his confident predictions earlier this year! It’s no secret that reversing inflation and driving prices down is a tough challenge once they’ve already spiked. Economic factors are like a tangled knot—easier to prevent than to undo! However, even with the complexities, there’s always room for policies that can help ease the burden over time. The key is figuring out what levers to pull while balancing long-term sustainability. Here’s hoping the solutions come sooner rather than later! 💡💸




To post tweets in this format, more info here: https://www.thecoli.com/threads/tips-and-tricks-for-posting-the-coli-megathread.984734/post-52211196
 

bnew

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Canada’s Plan for a Trade War: Pain for Red States and Trump Allies​


Canadian officials are preparing retaliatory measures if the new U.S. administration imposes tariffs on Canadian imports.

Listen to this article · 6:53 min Learn more

Prime Minister Justin Trudeau seated at a table with four Canadian flags in the background.


Prime Minister Justin Trudeau in Toronto on Friday. He will huddle with cabinet ministers on Monday and Tuesday in case the United States imposes tariffs.Credit...Arlyn Mcadorey/The Canadian Press, via Associated Press

By Matina Stevis-Gridneff

Reporting from Ottawa

Jan. 17, 2025

Orange juice from Florida. Whiskey from Tennessee. Peanut butter from Kentucky.

Canada is preparing for an all-out trade war with its closest ally and one of its top trading partners, and the list of American goods that could be affected is long.

Canadian officials are preparing a three-stage plan of retaliatory tariffs and other trade restrictions against the United States, which will be put into motion if President-elect Donald J. Trump makes good on his threat to impose a blanket 25 percent tariff on all Canadian goods imported into the United States.

Canadian officials will wait until Mr. Trump has made his move — which he has said will be on his first day in office, Monday — and then start with imposing tariffs. They would mostly affect consumer goods worth 37 billion Canadian dollars ($25.6 billion), according to two senior government officials familiar with the plans.

They spoke on condition of anonymity to discuss details of plans meant to remain private for now.

Goal: Maximum political pain​


The Canadian officials said their choice of goods was meant to be precisely targeted and aimed at political impact. They specifically want to focus on goods made in Republican or swing states, where the pain of tariffs, like pressure on jobs and the bottom lines of local businesses, would affect Trump allies.

Canada’s government hopes that those allies, including governors or members of Congress, would then pick up the phone and call Mr. Trump, intervening in favor of de-escalation.

Mélanie Joly, Canada’s foreign minister, who spent Thursday and Friday in Washington, met with a slew of Republicans to make her country’s case, including Senator Lindsey Graham of South Carolina, Senator Jim Risch of Idaho, and the Senate majority leader, John Thune of South Dakota.

Ms. Joly said she hoped her outreach to senior Republicans would persuade them to intervene to avert or limit a trade war and its negative impact on consumers and jobs on both sides of the border.

“My job here is to be able to talk about facts, and that comes before any threat of counter tariffs from our side,” Ms. Joly said in an interview with The Times on Thursday. “Because then the senators might say, ‘Well, why are we doing this? Why are we imposing tariffs? It’s affecting my own constituency.’”

But, she added, Canada was ready to forcefully defend its interests if necessary. “Never underestimate Canadians,’’ she said. “We fight very hard, and we’re very courageous. We are willing to be surgical and appropriate to have an impact on American jobs.”

Image

Foreign Affairs Minister Mélanie Joly in front of a microphone against a red backdrop.


“Never underestimate Canadians,” the Canadian foreign minister, Mélanie Joly, said. “We fight very hard, and we’re very courageous.”Credit...Sean Kilpatrick/The Canadian Press, via Associated Press

Bracing for Mr. Trump’s first day in office and what it might bring for Canada, Prime Minister Justin Trudeau and his cabinet will be huddled together on Monday and Tuesday in what some are calling their “U.S. war room,” in order to be able to respond swiftly if U.S. tariffs are announced.

The detailed list of goods is closely held, but it includes dozens of consumer goods from various categories, such as food and beverages, as well as other types of daily products, including dishwashers and porcelain goods like bathtubs and toilets.

Depending on what Canadian goods Mr. Trump chooses to impose tariffs on, and the level of those tariffs, Canada’s second move would be to expand its own tariffs to more American products, impacting 150 billion Canadian dollars’ worth of imports from the United States.

As part of its strategy, the Canadian government is also looking at other measures that would restrict the export of Canadian goods to the United States, such as export quotas or duties to be shouldered by the American side. That type of measure would be reserved for particularly sensitive Canadian exports that the United States relies on, such as hydroelectric power from Quebec used to provide energy across New England.

Tariffs work more like a tax on goods and are usually passed on to consumers. They make imported goods more expensive, and that often means consumers stop buying them, ultimately hurting the foreign companies exporting them.

Trade restrictions like export quotas aim to limit the availability of an exported good, and are particularly effective when an importing nation doesn’t have easily accessible or sufficient alternative sources for that good.

Back from the brink​


No matter how Canada’s counter tariffs or export restrictions are deployed, the goal will be the same: to pressure the Trump administration to step back from the president-elect’s vow to launch a devastating trade war on the United States’ neighbor.

The trading relationship between the two countries is enormous, with nearly $1 trillion in goods exchanged every year. Canada fluctuates with Mexico as the United States’ biggest trading partner depending on the price of oil.

Some cross-border industries are so integrated that tariffs would suddenly pose a major regulatory headache for many companies. A single vehicle, for example, crosses the U.S.-Canadian border up to eight times before it is fully assembled. Tariffs would immediately disrupt auto assembly lines across the United States and in Ontario, the auto industry’s heart in Canada.

And Canada exports vital commodities to the United States. Some 80 percent of Canada’s oil and 60 percent of its natural gas are exported to the United States. More than half of the oil imported into the United States comes from Canada.

A third and final level of escalation if a trade war between the U.S. and Canada escalates and which the Canadian government is eager to avoid would restrict the export of sensitive commodities worth hundreds of billions of dollars, including oil and gas, potash, uranium and critical minerals. All are exports that are crucial to the United States

Alberta, Canada’s oil-exporting powerhouse, has said it does not support measures that would impact its key industry. The rift between the province’s leadership and the rest of the country could become more consequential if Canada decides oil must be used as leverage against the United States.

Canada’s planning for a potentially prolonged U.S. trade war also includes supporting domestic industries, according to one of the senior officials.

The government is preparing for the possibility of financial bailouts for Canadian businesses that are badly hit by the U.S. tariffs, most likely on a case-by-case basis, the official said.

While mass bailouts or blanket funding for entire industries may not be on the table, the official said it would be unthinkable to allow a tariff war with the United States to wipe out thousands of jobs and businesses without the government stepping in to mitigate the blow.
 
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