The Inauguration, & U.S. President Donald Trump's First 100 Days in Office

Topic: The Inauguration, & U.S. President Donald Trump's First 100 Days in Office (Read 88151 times)

Re: The Inauguration, & U.S. President Donald Trump's First 100 Days in Office

Reply #350 – 2025-04-01, 03:48:39

Trump says he has already secured the votes of four people to go for a third term. The stakes could not be higher.

https://www.youtube.com/watch?v=gANTFBns5tk

Re: The Inauguration, & U.S. President Donald Trump's First 100 Days in Office

Reply #351 – 2025-04-03, 08:01:27

Trump's Liberation Day meant he slapped tariffs on everyone. Except Russia, because Russia is already under sanctions. In this spirit, also North Korea, Belarus and Cuba are free from tariffs. Then again, Iran and Syria got tariffed.

https://www.newsweek.com/trump-reciprocal-tariff-chart-2054514

No, I don't think it's supposed to make sense. Every explanation by Trump administration is meant to confuse people further, but intellectual confusion is the least of the sufferings caused by Trump.

Re: The Inauguration, & U.S. President Donald Trump's First 100 Days in Office

Reply #352 – 2025-04-03, 18:14:19

Heh, team Trump apparently uses the latest and greatest science and technology for policy.

ChatGPT, Gemini, Grok, and Claude all recommend the same “nonsense” tariff calculation https://www.theverge.com/news/642620/trump-tariffs-formula-ai-chatgpt-gemini-claude-grok

Re: The Inauguration, & U.S. President Donald Trump's First 100 Days in Office

Reply #353 – 2025-04-03, 18:39:39

Scott Lincicome at The Cato Institute wrote a commentary on trade deficits last month.

Quote from: https://www.cato.org/commentary/things-everyone-should-know-about-trade-deficits

For starters, there’s little obvious connection between the U.S. trade balance and economic output (gross domestic product). As shown in the chart below from a recent Cato essay on the trade balance, the relationship between higher trade surpluses (or smaller deficits) and higher GDP growth is practically nonexistent. Economist Don Boudreaux and former Sen. Phil Gramm dug through additional periods in a recent Wall Street Journal column and concluded that “etween 1890 and 2024, it is impossible to find a statistically significant correlation between America’s trade balance and its economic growth.”

Re: The Inauguration, & U.S. President Donald Trump's First 100 Days in Office

Reply #354 – 2025-04-04, 13:53:24

When you know what trade balance and growth are, then you can tell that these two are neither causally related and there is no reason for them to be statistically related either. You can tell it by the definition of those things.

The depth of ignorance and the magnitude of economic illiteracy that has gone into this tariff decision is astounding. This is not explainable by stupidity. It is explainable by reckless malignance.

Re: The Inauguration, & U.S. President Donald Trump's First 100 Days in Office

Reply #355 – 2025-04-05, 07:59:10

But you might want to wait, and see what happens...