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That's exactly what you said when you attacked another poster and insisted he was speaking exclusively about that group of people. He didn't say anything like that. He talked about a mentality, not a group of people. You moved the goalposts so that you could #fakeoutrage. It's there for everyone to see and everybody knows it.

Here, read it again and then move the goalposts some more. Make it good, it's your LWL...

So, is that what you think is true? That shopping at Wal-Mart is only done by people that have no other choice because of economic reasons? And how is stating that Wal-Mart sells cheap good "carrying Trump's water"?

Agreed. But i don't know that it's about being trained. It is human nature and capitalism at work, no? Partly the success of the USA meant a lot of disposable income. And some people wanted the shiny new Toyota or Sony stereo or TV or Walkman.... a trade defi it is not necessarily a bad thing. This narrative, that trump has it, the usa has been taken.Advantage of and abused is a bit of nonsense. Would we all like more manufacturing jobs in the USA?? Yes. The question is that we're going to get them with these tariffs.... i answer probably not, or at a very, very high cost.

Maybe i'm being a bit dim today, but i'm not sure where the tax comment came from.

Nothing about that is false. I know you don't like it but as I said before, that's a personal problem.

Peen has railed on this very board for years now how all American workers don't deserve to make a living wage depending on what they do for a living. Now that almost 50% of Americans are living paycheck to paycheck he makes it sound like people have a choice in the matter. I'm sorry that facts are not your friend.

Nobody in this entire thread has said that but you.

'Peen said nothing about that. Anyone with a shred of intellectual maturity can see he was talking about a mentality, not a group of people. You moved the goalposts to a group of people because you feel better about yourself when you marginalize other people's POVs with rhetoric that has nothing to do with the conversation.

You and he both went off the rails insisting 'Peen was picking on a group of people that had no other choice. It's all there in black and white. Everybody sees it, everybody knows it. Done with your playschool shenanigans.

Where did that old, nasty Democrat touch you that damaged you this much?

I didn't marginalize them. I pointed out that 50% of Americans have no choice and before making such a broad brush statement someone might wish to keep that in mind. But I can see just how painful that is to you and how much it hurts your sensitive side.

I think you're done trying to present something you claim was said that was not. Stop acting like someone who has been railing that certain people in our society should not make a living wage and now uses something crazy like "a Walmart mentality" to blame Americans for shopping at Walmart. He's talking out both sides of his mouth, has been doing so for years and you are doing nothing but defending it by trying to blame me for it. Somehow I'm not surprised by that.

Thank you for posting that.

Powell warns Trump tariffs, risks are ‘significantly larger than expected’

Federal Reserve Chair Jerome Powell said Friday that the size and potential economic harm of President Trump’s new tariffs were far larger than anticipated, raising new challenges as the bank attempts to end its inflation fight.

In a Friday speech to a business journalism conference, Powell warned that the scope and scale of Trump’s new reciprocal tariffs exceeded expectations and raised the risk of long-term inflation increases.

Powell did not mention by Trump by name and made clear his comments were simply an analysis of the challenges the Fed may face as the bank aims to bring interest rates down, not a criticism of administration policy.

“While uncertainty remains elevated, it is now becoming clear that the tariff increases will be significantly larger than expected. The same is likely to be true of the economic effects, which will include higher inflation and slower growth,” Powell said.

“While tariffs are highly likely to generate at least a temporary rise in inflation, it is also possible that the effects could be more persistent. Avoiding that outcome would depend on keeping longer-term inflation expectations well anchored, on the size of the effects, and on how long it takes for them to pass through fully to prices.”

Powell’s comments came as stock markets were suffering through another brutal sell-off driven by Trump’s sweeping new tariffs.

The Fed chief and his colleagues had warned for months that large import taxes would make it harder for the bank to bring interest rates down after hiking them to fight inflation.

Powell said Friday that interest rates are currently set at a “slightly restrictive” level, which he said was appropriate with inflation above the Fed’s 2 percent annual target.

Higher-than-expected inflation would likely keep the Fed away from cutting rates, raising the risk of further tensions with Trump.

Trump criticized Powell on Truth Social shortly before the Fed chief was set to deliver his remarks, urging him to cut rates and accusing him of playing politics with the economy.

“This would be a PERFECT time for Fed Chairman Jerome Powell to cut Interest Rates. He is always ‘late,’ but he could now change his image, and quickly,” Trump wrote Friday.

Trump then claimed the prices of several food and energy products had already fallen since he took office, even as inflation as remained close to 3 percent.

“A BIG WIN for America. CUT INTEREST RATES, JEROME, AND STOP PLAYING POLITICS!” Trump wrote.

Powell said repeatedly on Friday that it wasn’t the role of the Fed to weigh in on politics.

“I make it a practice not to respond to any elected official’s comments. I don’t want to be seen to be doing that,” he said.

Powell also declined to comment on the sweeping cuts the Trump administration is making to numerous federal agencies, including the Internal Revenue Service and the Federal Trade Commission, though he did note ongoing regulatory changes that he described as “significant.”

Trump fired two members of the Federal Trade Commission (FTC) despite federal law banning him from doing so for political or policy reasons. The firing have set up a legal battle over the independence of federal agencies, which could put Powell’s job at risk.

As the head of the board of an independent agency, Powell is only fireable under federal law if he shows neglect of office or serious misconduct. The Fed chair insisted Friday that he will serve out the remainder of his term, which ends next year.

https://thehill.com/business/5232354-federal-reserve-jerome-powell-tariffs/

Didn’t we already impose separate tariffs on them?

I think it has to do with the USMCA.

Yep. Trump can’t stick to his word with voters, other nations, or contractors…

Speaking of contractors, defense contractors are now rescinding proposals to account for tariff impacts.

Basically, more $$$$$$

this sucks for the country. i hope this pain ends as soon as possible.

but anyway, im now looking at which 'too big to fail' corporation imma buy up on the market. lot of promising candidates out there

GE

https://lawandcrime.com/high-profil...itutional-exercise-of-legislative-power/

Conservative group sues Trump saying the tariffs are unconstitutional.

already had the "fentanyl" tariffs with them

I am waiting-I moved most of mine in mid Feb to cash, bonds and a little foreign stock and all of my kids 529 to a 4 month CD-Simply can not trust this admin-
normally when i get back in to my 401k i will go with an index fund-very low fees and a spread of the top companies to lessen risk

There is still so much uncertainty-there wasn't a dead cat bounce at the end of today, so I am assuming investors are not expecting good news over the weekend. Also, I heard on CNBC today that it is already priced in that many investors keep thinking that trump is going to blink when the market starts to tank and he just keeps playing chicken while on the golf course-he could have said something of value or did the tariffs almost any other way and the pain would not be this bad-There is a story on drudge tonight that he really doesn't give a f that the market is tanking-

Only country so far I heard anything from is China and it isn't good.
Also, trump was working on a tik tok deal and supposedly had it ready on Wednesday and then the tariffs-so China said they will not approve any deal while tariffs are in place-so trump blinked and is signing a 75 day extension-
Maybe Vietnam is open to reducing tariffs-they said today they would-not a big deal at all
The EU if it sticks together and responds would be a big deal

Japan and South Korea are supposed to be working out a deal to get around us with their regional partners for the first time in five years they had economic dialogue with China


The Fed was no help today at all

Margin calls were starting to be called this afternoon.

There were no circuit breakers triggered at all today or yesterday-they need like a 7% decline for the first trigger.

Andrea Junker
@Strandjunker
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The 8 largest Dow Jones drops in American history:

1. Trump, 3/16/20
−2,997
2. Trump, 3/12/20
−2,352
3. Trump, 4/4/25
−2,231
4. Trump, 3/9/20
−2,013
5. Trump, 6/11/20
−1,861
6. Trump, 4/3/25
−1,679
7. Trump, 3/11/20
−1,464
8. Trump, 3/18/20
−1,338

Tired of winning yet?
4:20 PM · Apr 4, 2025

I think it's going to get worse before it gets better. These tariffs will have a domino effect on supply chain and prices. I've been out of the markets for several weeks. My financial advisor is coming up with a plan, but honestly I don't feel good about any of this. My instinct is to sit on my money for a good long time.

I have spent a lot of money and effort getting multiple vegetable and berry gardens set up in my backyard. And hired arborists to trim the trees back so my yard can have full sun. I am really glad for these gardens now, because produce is going to take a hit. We import so much produce. Eating healthy is important to me.

come on, North. get with the program! there are way more important things going on right now in MAGA, like extending TikTok deadlines and taking over Greenland.

Y'all just Cray Cray

That isn't even close to being a true statement. I was against NAFTA when it was implemented back in the early 80's, or whenever it was.

I want real jobs available for people. Jobs that can and do pay a solid living wage. What I don't agree with is raising a minimum wage because that is simply covering a festering wound. It doesn't do anything meaningful.

Some of you need to think a little bigger. If thinking that drawing coffee at some coffee shop or being a burger flipper at the local fast food joint is meant to be a living wage job, it is little wonder this country has problems.

Everyone know Trump started Covid!

Just Clicking:

Down down over 2200 yesterday


Trump is the most idiotic president we've ever had.

If Obama had done things like this, Republican heads would have exploded.....

But Trump does it and now MAGA says we are showing Fake Outrage...., It's not fake, it's real!

It's not a good sign when Powell can't put the markets at ease.

I've been somewhat of an active trader for 30 years but have slowed way down as I age.

I can remember both financial channels Bloomberg and CNBC would bring in Abby Joseph Cohen to try and calm the market.

Back then markets were bought and sold as fractions not decimals like today and algorithms weren't as dominant.

Maybe Abby could give it a shot...just kidding. lol

Obama had the right idea, unfortunately he was missing a set of balls.

So based on your post you have come down on the side of this is an awesome thing Trump has done? I can't read it any other way.

Powell is stuck between a rock and a hard place. inflation was coming down (slowly) prior to all of this, and he already did a rate cut a few months ago. Now it's about to get worse with the GOP seeming to be on board with the massive tax cuts for the elites, with Trump already demanding Powell cut rates to flood the market.

Dow Futures Report is down another 2300

https://www.cnbc.com/pre-markets/

The issue here is that these aren’t targeted, reciprocal tariffs.

This is a shotgun blast of nonsense math against the whole world, including penguin islands.

They are trying to polish this turd.

To add insult to injury, the Senate MAGAts passed that damn budget last night. Step one of reconciliation done. Dems tried to amend it to protect Vets, Social Security, Medicaid, education… all defeated by GOPers. They are going to cram that two trillion tax cut for billionaires up our asses during a recession they’re causing.

It's funny that you keep repeating this when you supported a (p)resident for four years that could. not. complete. a sentence. Like, literally, every sentence was gibberish. You voted for that. How much more mileage you expect to get out of this without sounding like a fool? 🤣

And I'm sure you would be here supporting Trump's tariffs if they were more "targeted".

Yet trump replaced it with the USMCA which he called a great deal when he made it. Now he's asking who would be dumb enough to sign it and Canada and Mexico are taking advantage of us. As if he forgets it was him. More like he's thinking people have a short memory and forgot it was him.


As I have posted several times on this very board that the very intention of minimum wage was to establish a living wage. That's the purpose of it. Instead people with your thinking have almost half of America living paycheck to paycheck and blame people for having "a Walmart mentality" as if somehow they are to blame for it. So you think people should work what you think are "good jobs" just to make a living wage? That the floor shouldn't be minimum wage and good jobs should pay even more? You know, not just make a living wage but be able to buy a home, save money, go on a vacation with your family jobs?


The problem is what you just posted. Somehow you think people who do the work that serves you are somehow so beneath you that they don't deserve to make a living. It's as if somehow even if they work 40 hours a week they aren't worthy of being able to live. That's just sickening.

We all all want good jobs in America. And while you say it's others who need to think bigger, I think it's you who needs to be more realistic. About 70% of Americans work in the service industry. About 50% of Americans live paycheck to paycheck. Do you even understand how many millions upon millions of Americans will suffer for years to reach the goal you claim to want?

And will it ever really be achieved? These tariffs make little to no sense for the most part. Sure, you can use targeted tariffs to achieve specific goals but this in just nuts. Much of this has been based on the trade deficit. Can you tell me how many people in Africa and Southeast Asia can afford to buy American goods? Then add in half of America.

You can't sell your products to people that can't afford to buy them them. That's why there's a huge trade deficit. That's why people are shopping at Walmart.

And your Walmart mentality statement. I know that's the concept you have in your brain but please consider if that actually makes sense. I've already shown that almost 50% of Americans can't afford to do anything else but shop at places like Dollar Tree and Walmart. That only leaves half of America that can actually afford to have a choice in the matter. So what percentage of Americans do you think shop at Walmart? 60%, 70%?

I don't but clothes or appliances at Walmart. I don't but electronics at Walmart. Sometime I purchase paper products and cleaning supplies there but it's the same brand I would buy elsewhere. When you drive on the roads you can certainly see that people aren't using a Walmart mentality when they purchase vehicles. When you see the brands of clothes people wear many don't use that Walmart mentality.

They don't even offer the brands of clothes I wear at Walmart. There is no way that more than 70% of people buy the cheapest things they can find and 50% of them have no choice. Do you really think that 20% of people who can afford to purchase better are what the problem is?

I think first you have to have Americans who can afford to buy better before you can expect them to buy better. And putting them in even greater financial hardship for years to come is not how you accomplish that. Half of America can't afford to fight this fight like you can.

link to the bill below; The things that you would think they are cutting-they are
but saw this on page 6-this is the figure for raising the debt ceiling in 2034
Fiscal year 2034: $50,481,979,000,000.


https://www.budget.senate.gov/imo/media/doc/senate_amendment_h_con_res_14.pdf

This is called “projection.”

I’m sorry the situation is what it is, man. I made a point about the tariffs and you responded with a point about me.

Don’t get mad at me, bro. I’m not the one who voted for Trump or passed the tariffs.