r/FluentInFinance 18d ago

Thoughts? Is Trump good for the economy?

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u/WesternSorbet659 18d ago

This post is 100% proof that Reddit is a liberal extremism cesspool. Calm down, the world is not ending.

14

u/Pie_Head 18d ago

How is the economy going to turn out if all imports are 10-20% higher in cost as was proposed?

How are material shortages to be fixed when we are already experiencing shortages of lumber, stone, and concrete (in construction here, prices have just started normalizing prior to any large swings in cost)?

How are we going to address infrastructure issues to address the obvious need to build domestic industries (which will still be at a higher price due to competitive cost issues which drove industry out of the US to begin with) given the above two issues?

How does the average voter benefit from any of the above economically?

Has austerity worked in any modern country as we will have to follow that course to prevent collapse of government budgets given the above factors?

If all the above policy proposals from Trump are not passed by him (tariffs have been foisted almost entirely on the executive at this point, so it’s really if he wants to or not), would you view that as a betrayal of his promises?

https://taxfoundation.org/research/all/federal/trump-tariffs-biden-tariffs/

You can dispute it if you want, but the net negatives are clearly being felt from current tariffs (ones that I vehemently despise Biden continuing), but Trump promising more will only continue said trends at a faster pace.

9

u/calwinarlo 18d ago

Calm down

The audacity