Remember the saying, "It's the economy, stupid?" I think the annoying James Carville came up with that one for Bill Clinton. He was right. If this doesn't correct very soon, like ASAP, the Democrats will not only take over the House in 2026, but also the Senate. Trump might as well resign if that happens... I think he's gone too far too fast with these tariffs.
Remember the saying, "It's the economy, stupid?" I think the annoying James Carville came up with that one for Bill Clinton. He was right. If this doesn't correct very soon, like ASAP, the Democrats will not only take over the House in 2026, but also the Senate. Trump might as well resign if that happens... I think he's gone too far too fast with these tariffs.
I say this as someone whose 401K and retirement accounts are taking a beating right now, but what about the millions of people who have no 401K accounts? Truly. What about the Americans who have watched their livelihoods get exported to other countries in trade deals that left them SOL? I don't know if tariffs will be a net benefit at the end of the day, but is our current way of doing business sustainable? Would we rather have a system which rewards political patrons instead of hardworking men and women just trying to grasp a little of the American Dream? What other approaches can a government take? And why haven't those approaches been taken before? Why is it now everyone has thoughts but before, while in the lap of power, none of them were willing to rock the financial boat?
Again. I don't know the answer. I am not an economics expert. My estimated "value" has decreased markedly in the past few days, but I am willing to take the hit so as to save my children (five of them) and any future grandchildren, the suffering of stagnant economic future. This is obviously a multi-faceted problem and will require more than a single intervention, but it seems we have to start somewhere. Trump did run on reforming our trade practices. I voted for this.
You're not wrong about those unfortunate people. But that's not going to change the attitude of regular, not-rich people who watched their 401k lose so much value. They will vote Democrat in 2026.
Maybe. But I think there are a lot of Trump voters like me: Gen Xers, products of a "benign neglect" style of parenting, and willing to take the lumps on behalf of our progeny.
I don't know how we define "not rich" with a 401K, but I would call myself, with a modest 401K, "comfortable." Again, we lived on beans and rice for years when we were first married, never bought a new car, and made other Dave Ramsey-style choices to get where we are today. If I have to forgo European vacations as a senior so my kids have a chance to buy a house and raise a family, I'm good.
I switched mine to a gold and silver shortly after taking a beating with Biden. The returns have been great but better still I stopped hemorrhaging. That said, if you would rather live under the dem party platform than take a loss in your portfolio and you believe it will do better under commie rule....I just don't know what to say. I guess maybe the love of money is the root of all evil.
The vast majority of people out there aren't thinking that deeply, Sue. Most people out there are pretty simple and shallow, and $$$ is the be-all-end-all for them... All they see is that their 401k is worth significantly less today than it was worth last week, or even more poignantly, in February when the market was at an all-time high. They'll blame the one caught holding the bag at the time of the collapse, in this case, Trump. And the Democrats have an easy target in Trump on which to pin the blame, since the crash was/is a direct result of his bombastic tariff rollout.
It'd better correct fast, or else in 2026 we're going to see Speaker Hakeem the Dream and Majority Leader Chuck "Gargoyle Face" Schumer.
Remember the saying, "It's the economy, stupid?" I think the annoying James Carville came up with that one for Bill Clinton. He was right. If this doesn't correct very soon, like ASAP, the Democrats will not only take over the House in 2026, but also the Senate. Trump might as well resign if that happens... I think he's gone too far too fast with these tariffs.
I say this as someone whose 401K and retirement accounts are taking a beating right now, but what about the millions of people who have no 401K accounts? Truly. What about the Americans who have watched their livelihoods get exported to other countries in trade deals that left them SOL? I don't know if tariffs will be a net benefit at the end of the day, but is our current way of doing business sustainable? Would we rather have a system which rewards political patrons instead of hardworking men and women just trying to grasp a little of the American Dream? What other approaches can a government take? And why haven't those approaches been taken before? Why is it now everyone has thoughts but before, while in the lap of power, none of them were willing to rock the financial boat?
Again. I don't know the answer. I am not an economics expert. My estimated "value" has decreased markedly in the past few days, but I am willing to take the hit so as to save my children (five of them) and any future grandchildren, the suffering of stagnant economic future. This is obviously a multi-faceted problem and will require more than a single intervention, but it seems we have to start somewhere. Trump did run on reforming our trade practices. I voted for this.
You're not wrong about those unfortunate people. But that's not going to change the attitude of regular, not-rich people who watched their 401k lose so much value. They will vote Democrat in 2026.
Maybe. But I think there are a lot of Trump voters like me: Gen Xers, products of a "benign neglect" style of parenting, and willing to take the lumps on behalf of our progeny.
I don't know how we define "not rich" with a 401K, but I would call myself, with a modest 401K, "comfortable." Again, we lived on beans and rice for years when we were first married, never bought a new car, and made other Dave Ramsey-style choices to get where we are today. If I have to forgo European vacations as a senior so my kids have a chance to buy a house and raise a family, I'm good.
I switched mine to a gold and silver shortly after taking a beating with Biden. The returns have been great but better still I stopped hemorrhaging. That said, if you would rather live under the dem party platform than take a loss in your portfolio and you believe it will do better under commie rule....I just don't know what to say. I guess maybe the love of money is the root of all evil.
The vast majority of people out there aren't thinking that deeply, Sue. Most people out there are pretty simple and shallow, and $$$ is the be-all-end-all for them... All they see is that their 401k is worth significantly less today than it was worth last week, or even more poignantly, in February when the market was at an all-time high. They'll blame the one caught holding the bag at the time of the collapse, in this case, Trump. And the Democrats have an easy target in Trump on which to pin the blame, since the crash was/is a direct result of his bombastic tariff rollout.
It'd better correct fast, or else in 2026 we're going to see Speaker Hakeem the Dream and Majority Leader Chuck "Gargoyle Face" Schumer.
Gold and silver took a beating today.
These are the kind of people I'm thinking about Chucky:
https://threadreaderapp.com/thread/1908020393404764408.html
Or these stories:
https://im1776.com/2025/04/02/down-the-drain/
Time will tell
Nah..should have been done long ago.
Nah...you don't know what you're talking about.