Well, I guess FDR probably could have taken a look at balancing the budget if we wasn't already dealing with The Great Depression, and an eventual world war on two fronts.
Trump's Policies Part 4
- Thread starter CrimsonJazz
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I ran across a Miami Herald article on FB reporting that Canadians are shocked by suddenly being basically considered enemies of the US and many truly do not want to visit anymore. A couple of people commenting actually said "good riddance" and one went on and on about we don't need all these foreigners. We are inundated with them blah, blah. She's a real estate agent in Miami. How do Floridians not understand how heavily this state depends on tourism? How do they not know how many Canadians and foreigners come here every year?
What's the excuse after FDR and winning WW2 then?
This is sort of my point, it's not as simple as a balanced budget.
According to the state, there were some 3 million Canadian tourists to FL last year - while the state set a record of over 143 million annual tourists (roughly 2% of tourists).
Not saying it's nothing, but that's a mere 0.5% more than FL tourism grew between 2023 and 2024.
The last time the middle class really did well in income percentage and wealth percentage was when the highest marginal tax brackets were over 70%
1. Trends in income and wealth inequality
Barely 10 years past the end of the Great Recession in 2009, the U.S. economy is doing well on several fronts. The labor market is on a job-creating
www.pewresearch.org
And Republicans managed to (again) get many of us to believe that they, too, would be rich if we just let the rich get a lot richer.The last time the middle class really did well in income percentage and wealth percentage was when the highest marginal tax brackets were over 70%
1. Trends in income and wealth inequality
Barely 10 years past the end of the Great Recession in 2009, the U.S. economy is doing well on several fronts. The labor market is on a job-creating
BUT. HER. EMAILS.
Waltz and staff used Gmail for government communications, officials say
Waltz and staff used Gmail for government communications, officials say
BREAKING: Israel has removed all tariffs on American products.
71 days into the lowerprices presidency….. now I realize I was born in Alabama and maybe my arithmetic ain’t too good, but I could swear this number is a lot higher than that last number.
To paraphrase John McKay, I am very sold on his execution.
Tourists from many countries come here, particularly Miami and southeast Florida, and now they're being advised to rethink visiting. Yes, US citizens vacation here and they definitely would comprise the majority of tourists. I think people who don't really come down this way or live here truly don't realize how many tourists from other nations come to this part of the state as well as Orlando and the Parks there. It's funny to see it now. I remember Orlando when I was a small child and my father had a Piper Cub. We would fly from Montgomery to Miami to visit my grandparents and cousins. Always had to refuel in Orlando. Landed on an air strip with a windsock. There was nothing but orange groves and farmland in that area at that time. Who'd a thunk?!
Only Walt Disney could convince the world to obsess and clamor over a place that was nothing more than a huge mosquito swamp. There is nothing attractive about the area. Too far from the beaches, and it rains nealy every time I'm there. (Used to work for Fiserv and they have a huge footprint in the area).
Donald Trump hits major US trading partners with huge "reciprocal" tariffs
Invoking the International Emergency Economic Powers Act, Trump declared a national emergency to implement the tariffs.
www.newsweek.com
Donald Trump Hits Major US Trading Partners with Huge Reciprocal Tariffs
President Donald Trump on Wednesday announced a sweeping new trade policy that includes a 10 percent baseline tariff on all imports and significantly higher rates on goods from countries running trade surpluses with the U.S., a move that could dramatically reshape the global economic order and risk igniting international trade conflicts.
Speaking from the White House, Trump displayed a chart outlining specific tariff increases: 34 percent on Chinese imports, 20 percent on goods from the European Union, 25 percent on South Korean products, 24 percent on Japanese imports, and 32 percent on goods from Taiwan. He described the global trade system—largely built by the U.S. after World War II—as deeply unfair, stating, "our country has been looted, pillaged, raped, plundered" by foreign nations.
Invoking the 1977 International Emergency Economic Powers Act, Trump declared a national economic emergency to unilaterally implement the tariffs, which his administration estimates could generate hundreds of billions of dollars annually. He argued the policy would restore American manufacturing jobs, though economists warn it may lead to higher consumer prices on everyday goods like cars and clothing.
I personally would love it if the Canadian snowbirds suddenly disappeared from Florida. Maybe the rental rates would then drop to reasonable levels if the occupancy rates went down. Purely selfish on my part, I admit but the rental prices in Florida have gone insane every since Covid.
and then the businesses you want to go to in those towns close down
I've read 140 Billion dollar impact from Canadians not traveling to FL and the Alabama coast
and this doesn't factor in the Blue State Yankee snowbirds that are deciding if they want to come. I was at a wedding with a bunch of people from Wisconsin and Michigan recently, all regular FL visitors and all were talking about skipping their annual FL trip and going to Canada for a long trip over the summer to "support our northern neighbors who are getting dumped* on"
*I cleaned up the actual word
I live in a heavy snowbird area of Florida. Trust me they were all here this winter. Some still are. All the RV parks and rentals were full up. Traffic was terrible and Publix was full of them.
Washington Post gift link
The economy. The Constitution. Is there anything Trump won’t destroy?
The same day Trump said he would chop down Andrew Jackson’s magnolia, he swung an ax at the Constitution.
The economy. The Constitution. Is there anything Trump won’t destroy?
The same day Trump said he would chop down Andrew Jackson’s magnolia, he swung an ax at the Constitution.
Mark Cuban:
I’ll keep on saying it for the people in the back. DOGE had the right idea. Reduce spending enough to slow down the economy. A slower economy means interest rates come down and if things slow enough, the fed reduces rates to juice the economy and debt repayment gets far cheaper and the debt comes down with any growth
Where DOGE screwed up is that they tried to do it all at once under the excuse the Dems would kill it. Cutting spending and firing hundreds of thousands all at once has a disproportionate impact on small cities and states. That makes it’s far far harder for interest rates to enable growth
If they had planned it out, gave the country a chance to plan and get ready for the cuts , then it truly could have worked. And worked well enough they could have cut more than they did. And with the lower rates , the deficit could have been reduced with lower debt interest costs
Add to this all these tariffs , simultaneously, and someone is going to get fired. Probably Lutnick.
Unless Trump shows up in the week or two after the tariff hits and gives us a removal of the tariffs , or even an across the board 10 pct tariffs , that at least is less inflationary.
Less inflationary means at least a little better chance the fed can lower rates.
As long as those tariffs are in place , and active , it’s going to be hard for inflation to come down and for employment to stay up
That’s the fed mandate. Employment and inflation.
Ready Fire Aim is no way to govern. If there’s a plan. Show it to us
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