MasterPOS. lol Kudlow - talk about someone who is a few braincells short of their former self. Hey isn't he another deepstater, formerly in both Bush admins? Ahh if you're willing to crawl up OrangeMan's azz hole all is forgiven and forgotten.
Wow so you are at the same education level of trump and B1 huh...and nice deflect to Biden huh.... Biden did not say CHina is paying the tariffs. Stop trying to spin out of stupidity....you are looking really bad and your pals are running from your side to avoid falling into the same tard hole. Like seriously, take the trump dick our of your mouth for 1 minute to admit he said something incredibly stupid and his followers believe it. trump told you the tariffs were raising millions of dollars and China was paying for it... I quote from a few days ago: I am going to put tariffs on other countries coming into our country, and that has nothing to do with taxes to us. That is a tax on another country,” Trump said. In September, he repeated the claim during an interview with Fox News: “It’s not a tax on the middle class. It’s a tax on another country.” And he said again during a rally in Wisconsin Saturday that “it’s not going to be a cost to you, it’s going to be a cost to another country.” 2019: U.S. President Donald Trump says China pays the tariffs he has imposed on $250 billion of Chinese exports to the United States.
hahahaha trump just said it again that china paid tariffs and he is gonna raise money by putting tariffs on goods...paid by Americans....as a tax.... which is what a tariff is... no one can be that stupid but some of you here are proving me wrong....
and he doubled down on stupidity.... CHina paid millions in tariffs haha.... My God how stupid America has fallen... ...and Kamala completely bypassed the question as to why Biden and her did not remove the tariffs. Fuck them both for that... But guys just keep quiet on tariffs...the adults are talking and you obviously have a spectrum issue..
Tariffs are a tax on the importing country - that would be us. It gets passed through to end user - again that would be us. If tariffs are raised so high that imports dry up they would just get replaced by domestically produced goods ..... at much higher prices than if imports continued without or with much lower tariffs. Either way with tariffs or with only domestically produced goods the consumer - you guess it, once again that would be us - pays a higher price.
(BLOOMBERG) And finally, here's what Joe’s interested in this morning On Polymarket, Kamala Harris is now favored to win the Presidency after last night's Presidential debate. It's a notable change from pre-debate, when bettors were giving Trump around a 52% chance to win. One thing I've been saying for awhile is that prediction markets are good for news consumption. When something like a debate happens, there's all kinds of things people take in. People watch the debate itself. People are likely following what their social media feeds say. People read the news. People listen to biased pundits, and so forth. And liquid prediction markets are yet another to add to that mix. It's one thing to hear someone on TV say "Kamala Harris won the debate", but it's hard to know what that means exactly. Seeing a market with millions of dollars on the line swing a few points (modestly, but clearly) says a little bit more. Another nice thing about these markets is you can clearly see the link between what's going on with the Presidential race and certain politics-sensitive asset classes. Here's Bitcoin slipping right at the same time as Trump's odds. One objection you could make is that it's still all "horse race" stuff, that just like following polls, none of it matters until election day, and right now the betting markets could be wrong. And that's true. But if the Presidential election race is spilling into other markets, then to some extent swings in perception are inevitably going to matter. You know, all markets can be "wrong". Traders can bid up a stock on expectation of good earnings, and then earnings disappoint. This happens all the time. But of course, in the meantime, on the way to be wrong, money is still made and lost while the stock goes in various directions. So if you have any sort of short- or medium-term interest in markets, and if you want to benchmark your own views against conventional wisdom, or just see where conventional wisdom stands right now with respect to the Presidential election, then these betting markets are useful tools.
THe problem is we are a consumer economy and buy most of our shit from China.... if you put tariffs on some single items from a country to support the domestic producers you might see a shift or increase in U.S. production but you are still taxing the products to raise its price. But when you put blanket taxes across the board on all imports from China and rely on the feeble minded to believe China is paying for it then it is a new low in IQ... Millions of dollars did come to the treasury... paid for by Americans and the consumer.