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Author Topic: Are Trump's economic policies good or bad?  (Read 629 times)
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November 25, 2024, 05:43:39 PM
 #41

Sometimes, i do wonder why people are so concerned about policies of a government that is yet to assume office when we all know that it's not everything they said that will be implemented. Donald Trump has been in the white house before and he knows about the policies that he will implement that will make his government work effectively. Being re-elected to an office is just like giving someone the opportunity to do better than they did in their first time so if Donald Trump likes let him implement policies that will favor the masses or not, after four years, another person takes over and also make their own policies and the government continues. However, we should not forget that a president cannot make policies and pass bills by himself, he has cabinet members and legislatures who will review those policies if they are worth enacting into law or not.
Right, and which policies are these? In 2022 illegal immigrants paid $96.7 billion worth taxes in US. Now trump is planning to mass deport undocumented immigrants by using military. Mass deporting that amount of people will end up costing closer to a trillion dollars.

And that's just one policy. Ignoring FEMA will grow insurance costs, and some people actually believe that china pays the tariffs even though they don't. To do that, china should be making even cheaper products, and they have already cut the costs by cutting workers rights. They can't cut them more. So if US wants cheaper products, they are going to cut their own workers rights. Also Trump cutting taxes from rich means less public infra, and replacing that with privatized infra again raise cost of that public infra.

Meanwhile trump is torching free speech protections and proposing for example that people would get a jail sentence for burning the American flag. And trump's FCC chair nomination is against net neutrality.

Why aren't you concerned? Because you trust him? I am not even from US and i am worried about where this leads, because i have empathy towards their citizens.

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November 25, 2024, 05:52:05 PM
 #42

Donald Trump's economic policy is based on supporting large American corporations. During Donald Trump's presidency, rich Americans will become even richer. But there is nothing wrong with that. Because poor Americans will also become richer. That is capitalism.

Reducing tax rates for large corporations will not necessarily lead to a decrease in budget revenues. Tax revenues may even increase.

Also, the election of Donald Trump is very beneficial for investors. The stock and cryptocurrency markets will most likely grow under Donald Trump.

At the same time, Donald Trump is a supporter of protectionism. As a result, many countries, such as China, Russia, and the European Union, may experience serious economic problems.

 
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November 26, 2024, 09:25:24 AM
 #43

Donald Trump's economic policy is based on supporting large American corporations. During Donald Trump's presidency, rich Americans will become even richer. But there is nothing wrong with that. Because poor Americans will also become richer. That is capitalism.

Reducing tax rates for large corporations will not necessarily lead to a decrease in budget revenues. Tax revenues may even increase.

Also, the election of Donald Trump is very beneficial for investors. The stock and cryptocurrency markets will most likely grow under Donald Trump.

At the same time, Donald Trump is a supporter of protectionism. As a result, many countries, such as China, Russia, and the European Union, may experience serious economic problems.
That's not how it works though, that's the promise but it never worked out, ever since Reagan came up with trickle down economics, that has never worked for even once, rich gets richer but poor stays poor and even gets poorer.

With his new tax reforms, we are going to see rich get richer there is no doubt about that and last time he was president he undid everything Obama did, which caused a high inflation and also it had such a huge problem with unemployment for a long time as well, which recovered later on so I have to give him credit, but his early years wasn't even that great, and his last year was terrible, Biden literally spent four years trying to fix what Trump broke, which Biden obviously failed, he made it even worse, not like he was any better than Trump.

They say democrats are "leftist" but while there are some leftists in democrat party, Biden was a proper capitalist too, he was just siding with rich companies, not rich people, whereas Trump sides with rich people, not rich companies, there is a huge difference if you know what that means.

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November 26, 2024, 10:53:21 AM
 #44

That's not how it works though, that's the promise but it never worked out, ever since Reagan came up with trickle down economics, that has never worked for even once, rich gets richer but poor stays poor and even gets poorer.
The damage Ronald did to the US economy is never going to be fixed without a revolution and a regime change in the USA. According to various surveys between 60% to 70% of Americans live hand to mouth, paycheck to paycheck. And they say US has the highest GDP Tongue

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November 26, 2024, 06:15:26 PM
 #45

Judging by the hysteria that some countries are starting to whip up, the election program will be really pro-American in the economic part, and other countries that are making good money on the American market and with the help of American money, technology and other things will have to look for ways to survive, and in reality - prepare for the degradation of their economies. Even the “second economy of the world”, China, has already realized that it is necessary to prepare for Trump's arrival and start playing along with him, or even “playing along” to reduce risks - Chinese banks, for example, have already actively started to comply with the “wishes” of the U.S. regarding financial sanctions against some rogue countries. The other day, China's largest banks essentially stopped UnionPay's work in one such country, and happily reported about it.
Trump will pursue a hardline pro-US policy, given the mistakes of past US presidents. First of all, it will affect the development of production, migration of production from countries to stop supporting their economies and redirect profits to the American economy, this is supported by both large companies and the U.S. population, as there are also plans to reduce the tax burden. We will see how this will be implemented soon.

The damage Ronald did to the US economy is never going to be fixed without a revolution and a regime change in the USA. According to various surveys between 60% to 70% of Americans live hand to mouth, paycheck to paycheck. And they say US has the highest GDP Tongue

Thanks, you have amazing jokes as always, and self based on the most amazing sources of information ! Add for extra credibility that all 60-70% of the US population wants to go to beautiful countries like North Korea, Russia, Iran, Cuba, ....  ! Grin Grin Grin Grin

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November 26, 2024, 06:58:10 PM
 #46

Trump has not yet started any work in his power. But all Americans will definitely expect good things from him. He will try so that Americans can be satisfied with him. In domestic matters, he will definitely get everyone's praise for reducing taxes because both the rich and the poor will benefit there. However, he is never flexible when it comes to importing goods from abroad. Because the amount of taxes will increase there greatly. As a result, the price of imported goods will increase. Due to which a somewhat chaotic environment may be created there. But there is nothing to comment on this issue right now. Everyone hopes that whatever policy he adopts will definitely be supported by the American people.

And if you look at trump he has good intentions for this is administration now because if you look his gestures and I see the way people are given love to trump shows that they actually believe in him, and people so much have faith in him and it is actually good thing, because I did not want Harris to win from the beginning and trump is way better than all of them and from most of the statements his making everyone should know that he wants the best for Americas.

And people were thinking that when trump win he will send everyone home but I love the statement he made about illegal migration, they need to check everyone that is coming inside their country this shows that he has is citizens in mind, one of the biggest relief they will have will be that if tax because they are paying heavily for tax and how much are some people earning when the tax is this crazy. And if the tax should mistakenly increase then everyone should know that there will be inflation.

And if you look at it trump is a business man and he knows the kind of police's that will favour everyone's business and people have selected him so it is time to return the favour to them, by reducing heavy tax on people so their is just to much for him to do as the re elected president.

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November 27, 2024, 04:35:11 PM
 #47

If anyone wants to check Trump’s effectiveness, you can go ahead and look at his first presidency. There are still things that we do not know like whether he will assume the promises he’s made in his campaign but this isn’t his first crack at the presidential role. He’s already led and we can check how he ran the white house back then. Might be quite different now since times has changed but you’ll probably get a general idea.

Trusting a policitian is like trusting a green snake wouldn't bite you just because you are been friendly to it for some days. The interest of the country is there primary concern and nothing else matters. If he implement some policy like Bitcoin ecosystem, that's if he really want to, there will be some forces among the political elites that will fight back for sure. I'm not even completely trusting he will do what he has promised but I want to follow what the market brings.

I don't quite believe in his economy policy of Bitcoin but you see the madness he is trying to restore, I will be happier if he do it. We need to bring the world back to reset. Some of the LGBTQ we see in other countries are mostly from US, the spiritual madness is taking over the world, it will bring a sanity back to those that has lose it atleast even if he doesn't do most of the things we want in crypto space.

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November 27, 2024, 05:25:02 PM
 #48

I think that Trump's goal is to return production to the USA and he tries to force companies by high import tax rates because otherwise Apple and other companies don't plan to leave China. Being dependent on China is a very bad case for the USA. His migration policies will lead to a negative economic impact because illegal migrants are the reason why they get some things cheaply. Thanks to illegal migrants, they have cheap labour to build houses, to do very dirty and physically demanding jobs and to work overtimes with a very bad compensation. If Trump reports illegal migrants, prices of many things will go up in the USA but long-term, such an environment will guarantee good job conditions for local citizens because I think that those Americans who grew up in comfort won't work as cheap labour.

It's interesting to see how his approaches will benefit the USA. I know that it won't benefit my country because there are many migrants from us in the USA. His strategy looks interesting. If he succeeds, then I believe that many rich countries will change their policies.
It is worth knowing that a lot of the objectives Trump seems to have and many of the promises he has given are not new. Such plans like to "return production to the USA" is an old objective that other presidents have pursued as well. They even have a word for it: reshoring (as opposed to offshoring).
They've tried it for many years and even spent a lot of money on this initiative. It has not been a great success.

However, it is still interesting to see what will be different this time because of two things:
1) Trump's plans are very radical and somewhat impossible
2) Timing is terrible. The world is in a high tension situation filled with lots of conflicts that has made the economy unstable and very RISKY. Taking big risks at this time are terrible

There are also a lot of contradicting interests in it. On one hand because of #2 US has to rely less on imports and "reshore" because the supply chain that is already disrupted can be disrupted even more. But on the other hand, at this stage it is an impossible thing to pull off.

I read someone crazy a while back where they estimated that if for example Apple were to be forced to manufacture iPhones in the US, their products would be worth like $100k! That's like 100x more expensive than what they cost now.
That wouldn't just make American products impossible to export since nobody would be able to afford them in any other country but also it would make them unaffordable for the American consumer as well.
So reshoring in a lot of cases means the death of that company.

They also cannot do what the Chinese did with their currency (keep the exchange rate low to remain competitive) because the only reason why US dollar is still alive and is used globally (despite the dedollarisation) is that it is rather stable and has a high exchange rate.
The moment they crash the exchange rate to compete, is the moment the world would dump the dollar and most importantly would dump trillions worth of the US treasury bonds effectively crashing the US economy.

I am thinking out loud here but this is what makes it interesting to me. From what little I know of economy, it is impossible for anyone to "return production to the USA", the capitalism and Petrodollar have made sure of that. So we wait and see. Maybe this time they pull a rabbit out of the hat and surprise us all...
You are well-informed. Since I agree with you on many parts, I'll talk about what I can't entirely agree and disagree with you. I have also read that crazy info that was claiming that if Apple was about to produce iPhones in China, it would cost $100k per unit. That's false. Look at Apple's profits, they make tons of money and the Chinese workforce isn't as cheap as it used to be. Apple can very much start iPhone production in the USA and keep the current price or a little more expensive but they don't want to say no to very high profit margins. There are lots of migrants in the USA, they can make these migrants work as hard as the Chinese, pay the lowest salary and produce iPhones.
Marketing wise, made in the USA as far as I know is associated with quality. I would pay $500 more to buy an iPhone made in the USA instead of made in China.

Btw I don't understand what's the catch with making local currency cheap? Yeah, China does that but what's the point, how does it make them competitive? Instead of lowering the purchasing value, lower salaries. I believe it's not as easy as I make it here but I don't understand the logic.

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November 27, 2024, 06:03:22 PM
 #49

Donald Trump's economic policy is based on supporting large American corporations. During Donald Trump's presidency, rich Americans will become even richer. But there is nothing wrong with that. Because poor Americans will also become richer. That is capitalism.

Reducing tax rates for large corporations will not necessarily lead to a decrease in budget revenues. Tax revenues may even increase.

Also, the election of Donald Trump is very beneficial for investors. The stock and cryptocurrency markets will most likely grow under Donald Trump.

At the same time, Donald Trump is a supporter of protectionism. As a result, many countries, such as China, Russia, and the European Union, may experience serious economic problems.
That's not how it works though, that's the promise but it never worked out, ever since Reagan came up with trickle down economics, that has never worked for even once, rich gets richer but poor stays poor and even gets poorer.

With his new tax reforms, we are going to see rich get richer there is no doubt about that and last time he was president he undid everything Obama did, which caused a high inflation and also it had such a huge problem with unemployment for a long time as well, which recovered later on so I have to give him credit, but his early years wasn't even that great, and his last year was terrible, Biden literally spent four years trying to fix what Trump broke, which Biden obviously failed, he made it even worse, not like he was any better than Trump.

They say democrats are "leftist" but while there are some leftists in democrat party, Biden was a proper capitalist too, he was just siding with rich companies, not rich people, whereas Trump sides with rich people, not rich companies, there is a huge difference if you know what that means.

Donald Trump's economic successes in his first presidential term were very modest.

However, this is due to a completely objective circumstance - the covid-19 coronavirus pandemic. Donald Trump was actually very unlucky. It is impossible to achieve outstanding success in economic development in the conditions of a global catastrophe. The COVID-19 coronavirus pandemic is actually a black swan (in the terminology of the famous writer and philosopher Nassim Taleb).

In my opinion, rich Americans and large American corporations are essentially the same thing. The success of American corporations enriches their owners, top managers and employees (that is, all Americans). Trump's idea is to move production from China and other countries back to the United States.

As a result, it is the profits of American corporations that will become the source of national well-being.

 
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November 27, 2024, 06:32:41 PM
 #50

The damage Ronald did to the US economy is never going to be fixed without a revolution and a regime change in the USA. According to various surveys between 60% to 70% of Americans live hand to mouth, paycheck to paycheck. And they say US has the highest GDP Tongue
Thanks, you have amazing jokes as always, and self based on the most amazing sources of information ! Add for extra credibility that all 60-70% of the US population wants to go to beautiful countries like North Korea, Russia, Iran, Cuba, ....  ! Grin Grin Grin Grin
Maybe try using a search engine like Google or DuckDuckGo next time before blurting out nonsense at others only because you didn't like what they said!
There are various studies with various number of participants and data size targeting different groups:
As living expenses in the U.S. continue to rise and wages struggle to keep up, it’s unsurprising that Americans of all generations are having a hard time financially. For many, this means living paycheck to paycheck.

How Many Americans Are Living Paycheck to Paycheck?
A 2023 survey conducted by Payroll.org highlighted that 78% of Americans live paycheck to paycheck, a 6% increase from the previous year. In other words, more than three-quarters of Americans struggle to save or invest after paying for their monthly expenses.

Similarly, a 2023 Forbes Advisor survey revealed that nearly 70% of respondents either identified as living paycheck to paycheck (40%) or—even more concerning—reported that their income doesn’t even cover their standard expenses (29%).

21%: Share of U.S. consumers living paycheck to paycheck with issues paying bills in June 2023
67%: Share of U.S. consumers living alone who live paycheck to paycheck
34%: Portion of parents who share a bank account with their children
Nearly three-quarters (73.2%) of millennials report living paycheck to paycheck. That's the highest of any generational cohort.



Btw I don't understand what's the catch with making local currency cheap? Yeah, China does that but what's the point, how does it make them competitive? Instead of lowering the purchasing value, lower salaries. I believe it's not as easy as I make it here but I don't understand the logic.
On the global scale where they have to export their goods that are produced domestically (so with workers being paid in Yuan) if their fiat is cheaper for the global customer, their products become cheaper as well.

The way I understand it is the following and I try to simplify it:
Imagine two importers A and B who both have a $100 capital wanting to import pens!
A imports them from China. B imports them from Germany.
Both pens are worth $1 each so each importer imports 100 of them. They each add 20% profit and sell them domestically at $1.2.

Lets say 1 USD == 10 CNY and 1 Chinese pen is worth 10 CNY. Then China lowers the exchange rate to 1 USD == 20 CNY without changing their product prices.

All of a sudden importer A can import 200 pens with the same $100 capital. So A will have more goods to sell therefore more profit to make.
Right now the sale in China has just doubled because of that.

Since A is making more profit in total, he can also lower his own profit % to crush the competition. He can for example sell the Chinese pens for $1.1 each.
Now B sees that he is losing the market to the competition since the market is being flooded with more pens and at cheaper prices. Majority of people are also more willing to buy the $1.1 pen instead of the more expensive ones at $1.2.
All of a sudden B decides to import pens from China as well, only to not be pushed out of the competition.
Now China has quadrupled their sales selling 400 pens instead of 100. That also translated into more inflow of money into China and most importantly more jobs that would greatly counter the inflation caused by dumping the CNY.


Just replace pen with any other goods. Like their cars. Their smart phones and so on.
In fact the Chinese automotive industry has been crushing its competitors over the past year, taking their shares in previous years and some say they are now pushing them completely out.
https://www.bloomberg.com/graphics/2024-china-outshines-japan-cars-southeast-asia/

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November 28, 2024, 05:07:28 PM
 #51

The title is a bit misleading. Everything has two sides, and after analyzing it broadly, it's clear that, true to his nature as a businessman, his economic policies tend to benefit the wealthy.

Well, his economic policies remain to be seen, as he is still just a president-elect who has yet to take office.

Regarding his campaign promises, I doubt he got elected just because of votes from "wealthy" - it was probably more regular middle class people unhappy with how things are who wanted something different.  Sure, some of his ideas might help the economy overall.  But a lot of times those kinds of plans tend to benefit the rich more than regular people. We've seen this play out before, so it's hard to imagine things will look drastically different this time, even if he does try to put a spin on it for the middle class. It's all about who gets the bigger slice of the pie.

No doubt Donald Trump is always is in the favor of rich people because he is also rich people and he likes rich people and he has relations with rich people. He always made politics for the businessmans because businessman produce jobs for their country and I am with the Donald in this aspect because he could be talktive person as all politicians do . He will give relief to heavy rich persons and poor people will be more poorer in the time of Donald.Donald should take decisions for the middle class people but we can't expect good from that . He will give relief to the people by their support he became president of USA and he will give in return. Donal is ultra rich people and that kind of people don't want poor people.
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November 29, 2024, 10:40:21 AM
 #52

During his first term Trump often referred to the stock market as an indicator how well he was doing. And his image as a deal maker and business man is important to him. No different his second term. And when printer goes brrrr stock market goes up (and btc!).
Yes, the first four years he was president, it helped with rich more than it helped with the poor, it wasn't a good idea because while he did put a lot of tariff to other "enemy" nations to strong arm them, it also concluded that inflation was based on this as well, you just fail to get cheap stuff from other nations when you put that much tariff on those nations, you think the product will stay the same price and sellers will eat the tariff? They just increase the price based on the tariff as well, so that's how that works.

In the end, poor people end up getting poorer not because they earn less, they earn more, but they spend even more so that becomes an issue for them long term. But I agree, his second term hasn't started, just need to wait and see.

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November 29, 2024, 07:13:58 PM
 #53

During his first term Trump often referred to the stock market as an indicator how well he was doing. And his image as a deal maker and business man is important to him. No different his second term. And when printer goes brrrr stock market goes up (and btc!).
Yes, the first four years he was president, it helped with rich more than it helped with the poor, it wasn't a good idea because while he did put a lot of tariff to other "enemy" nations to strong arm them, it also concluded that inflation was based on this as well, you just fail to get cheap stuff from other nations when you put that much tariff on those nations, you think the product will stay the same price and sellers will eat the tariff? They just increase the price based on the tariff as well, so that's how that works.

In the end, poor people end up getting poorer not because they earn less, they earn more, but they spend even more so that becomes an issue for them long term. But I agree, his second term hasn't started, just need to wait and see.
It cannot be said that he will do the same thing in his second term. It would not be right to speculate too soon about what his policy will be. After governing the country for few times, this issue will be clear. Now his opponents will make one comment and his followers will say another. Those who are neutral among them can also give their opinion, but in reality, which direction Trump will choose is completely up to him. I believe that his policy will not be the same as it was in his first term because he has a large pool of wise people with him. He will definitely not adopt any policy that is considered by people to be bad. His current term is more likely to be better than the previous one.

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November 30, 2024, 12:10:42 AM
 #54

I'd have to agree on the cheap labor front, immigration is often a surprise benefit to local economies.  Its a popular policy to deport because people imagine it will raise wages, a kind of price control measure by government to remove the cheapest labor.

The problem with any policy is the overall macro effect on society overall.  If you raise costs on a company in your community, it just might not make your community richer.   It can mean that a company is less competitive and/or business goes elsewhere.
  Deport the Mexicans (or any nation) but also that business might just relocate to be nearer that cheaper source of labor in Mexico.  Its easily arguable and sensible for the business to do this, then the business is paying taxes to a foreign government also as well as those employees.      
  Soon very easily the policy is really not of any benefit to anyone and the company is an ambivalent player doing whatever is necessary to get business done at workable cost.

People want to then argue well we ring fence not just people but tariffs prevent this cross border trade of goods.   Again the overall society in this trade is not benefiting.  Goods made in Mexico even if its by a USA company can export them elsewhere, USA is rich but only because of immigrants is the view I'd favor.  

Deport criminals and those who refuse to work and follow every law to the letter, be very tough on requirements perhaps but Ive zero against people who want to help pay off my countries giant debt, please help bail us out.    

Trump isnt the originator of alot of these ideas, they arent new and the personality politics isnt important.   Look up a fifty year old history book, study economics often its listed, tried with examples of what occurs next.  

If I had a seat at the table or a book to sell even I'd argue for simplicity here to just enforce the endless laws USA already has.   Be extremely harsh on those companies which do employ cheap migrant labor of this kind.  If quality is poor, if safety is compromised and laws not followed double or triple the fines applicable & seize entire factories if required.

  No fence should be required, anyone exploiting immigrants in a bad situation should be in fear of laws that already exist.  I'm not sure he has to change alot but the implementation and interpretation of what is already true, most people would struggle to disagree with harsh governance to raise standards, no new law or policy might be required then.

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December 01, 2024, 12:23:47 PM
 #55

....

Will you ever stop your pathetic manipulation of information ? Smiley
The article clearly describes what is meant by the phrase “living paycheck to paycheck”:

Quote
Definition of “Living paycheck to paycheck”
The term “living paycheck to paycheck” gets thrown around a lot when talking about money. But what does it mean?
For the purposes of this survey, living paycheck to paycheck describes a financial scenario in which an individual or family's income barely covers essential living expenses like housing, utilities, groceries and transportation. One missed paycheck would put someone living paycheck to paycheck in a difficult spot.
When you're living paycheck to paycheck, it's difficult or impossible to save, let alone invest. This makes you even more vulnerable in times of emergency or lost income.”

Yes, people can't save significant amounts and invest. But it doesn't mean that they limit their consumption of food and goods, give up their cars and apartments, that they live in poverty and can't provide for themselves Smiley Stop trying so primitively to manipulate by wishful thinking Smiley

Why don't you tell me how things are in such “prosperous countries” as Russia, Iran, North Korea ? Why is it that people from the USA did not leave en masse to the above countries, but from the above countries, for decades, as well as from other countries, people go to the USA - probably to “live starving on the street”, as you want to present it ? Turn on your brain sometimes Smiley

Look at North Korean news - there every day they show the US all living on the streets in refrigerator boxes and catching rats for food ! Smiley

PS And some more of Trump's positive economic policies Smiley
Trump threatened BRICS countries with 100 percent duties if they create a new currency to replace the U.S. dollar

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December 01, 2024, 02:26:59 PM
 #56

But it doesn't mean that they limit their consumption of food and goods, give up their cars and apartments, that they live in poverty and can't provide for themselves
Where did I say any of that?!!!

The discussion was the damage Ronald Reagan had done to the US economy and I mentioned the surveys that show 60%-70% of Americans are living paycheck to paycheck because of that damage. As opposed to pre-Reagan era where the middle class was fine and Americans  weren't up to their necks in debt.

If you want to interpret that as "people can't afford food", that's your own problem!

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December 01, 2024, 03:36:05 PM
 #57


It cannot be said that he will do the same thing in his second term. It would not be right to speculate too soon about what his policy will be. After governing the country for few times, this issue will be clear. Now his opponents will make one comment and his followers will say another. Those who are neutral among them can also give their opinion, but in reality, which direction Trump will choose is completely up to him. I believe that his policy will not be the same as it was in his first term because he has a large pool of wise people with him. He will definitely not adopt any policy that is considered by people to be bad. His current term is more likely to be better than the previous one.

Agreed that it is too early to say anything because as we see, Trump's inner circle this time is completely different from the first term. So let's wait and see what he will do when he officially becomes president.

But I also think there won't be much difference because his top goal is still to make America great again and maintain the dominance of the USD. Meanwhile, some countries like BRICS are threatening the dominance of the USD and he will not tolerate this. This could trigger a more serious trade war and would certainly lead to higher inflation. If inflation increases again, it will not be good for people, especially the poor.


What I hope now is that when he officially takes office, he will be able to end the war. Because not only does it affect the whole world, but so many people have died and everything needs to stop.

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December 01, 2024, 06:31:39 PM
 #58

But it doesn't mean that they limit their consumption of food and goods, give up their cars and apartments, that they live in poverty and can't provide for themselves
Where did I say any of that?!!!

The discussion was the damage Ronald Reagan had done to the US economy and I mentioned the surveys that show 60%-70% of Americans are living paycheck to paycheck because of that damage. As opposed to pre-Reagan era where the middle class was fine and Americans  weren't up to their necks in debt.

If you want to interpret that as "people can't afford food", that's your own problem!


But you tried to present it as some kind of global problem, right, that people's lives have become unbearable?  Who's bad? How bad !? I can write that a significant part of the population of developed countries, can not afford to invest, buy luxury goods, and ignore spending, but it does not mean that they live badly !
You deliberately didn't hi the evaluation criteria to make it look like “life has become unbearable, Americans can barely make ends meet” Smiley
Can you think of any country outside the developed world where at least 30% can afford to provide, from paycheck to paycheck, the same quality of life as the “unfortunate people of the USA” ? Smiley
Tell me more about the success of your country ? Compare the changes after the 80s in the USA and the developments in your country - it will be much more interesting and revealing ! Or is it not interesting ?  That's why people from your country will go to USA if they have a chance, even though there “people live from paycheck to paycheck”.
I'm sure 2025+ years will change the situation in the USA quite a lot, which will increase the growth of those who want to go there, but it will be much more difficult, so you don't worry about the people of the USA, take care of the problems of your country.... I know you won't do that Smiley


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December 02, 2024, 08:39:24 AM
 #59

It cannot be said that he will do the same thing in his second term. It would not be right to speculate too soon about what his policy will be. After governing the country for few times, this issue will be clear. Now his opponents will make one comment and his followers will say another. Those who are neutral among them can also give their opinion, but in reality, which direction Trump will choose is completely up to him. I believe that his policy will not be the same as it was in his first term because he has a large pool of wise people with him. He will definitely not adopt any policy that is considered by people to be bad. His current term is more likely to be better than the previous one.
Here everyone is going with his own view because peoples those were supporting him believe he could be man who can bring changes and those are against him surely having no faith in his policies and feeling things could be worst as he is not right person for this job, but few things are surely going to work as if he again increases tariffs then we will have same policies like he has done in his first tenure and this could be not ideal for the common peoples.

But, if he is having learned from his mistakes and will use his power with better and wise decision most chances things could be gone in right way, and we will have positive impact on the USA and many other countries as well I am not sure about his policies but as he runs his campaign and have talks and do things most chances we will be having things on positive which will surely help common peoples, and we will have good change.

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