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Man Ukraine really must have some strong strings to pull that we will never know about. This is why you dont get in bed with sleazy corrupt countries

re: Horrific gdp report

Posted by scottydoesntknow on 4/30/25 at 5:01 pm
quote:

You know, sir, there actually is much we agree on. (I gave you an upvote, FYI). And much we disagree on. Perhaps we can be less disagreeable in discussing things.



I agree, I get a little fired up about this and can tone it down some. I have strong feelings about all this despite not being that young and being reasonably well off.

My sister applied for probably about 1000 entry level, full time jobs after graduating college. We have set young people up for failure by telling them to go tens of thousands into debt to get a degree with the promise of a career that doesnt exist

re: Horrific gdp report

Posted by scottydoesntknow on 4/30/25 at 4:55 pm
quote:

Those high-paying jobs with benefits require some level of training past high school. Not college, not even a two-year degree, you can get into a job making as much as $50k with a short-term certificate that takes six months to get.

But there are those who simply aren’t going to cotton to any more schooling. They want it to be like it was for their parents and grandparents and great-grandparents, where hard work is enough. They’re enraged because they think something … a tradition, a heritage, a way of life … was taken away from them without them having any say so in the matter, by people who lied to them.

They’re angry and for 40 or 50 years they’ve been looking for someone to be their advocate and gain their vengeance over those who think they’re better than them … that’s another big part of it … and restore the way it used to be.


I dont know why you keep droning on about education after high school. Like no shite, if you learn a skill that not many other people can do, youll have more opportunity.

Young folks absolutely WERE lied to and WERE stolen from. To claim this isnt true is willfull ignorance. Boomers/Xers are FAR MORE better off than their parents were as well as their children at comparable ages AND left the next generations with an insurmountable mountain of federal debt. When Boomers shut down the economy and LIVES of everyone else(who had little to no risk) to protect their necks during Covid, that was THEFT.

You people wanna get on your ivory towers about tariffs being govt overreach....yall can kiss my arse after what yall supported in Covid shutdows

re: Horrific gdp report

Posted by scottydoesntknow on 4/30/25 at 4:44 pm
quote:

There are still nearly 15 million Americans working in manufacturing. But socks and power tools are the kind of manufacturing you want back? Aiming low there …



I suppose playing dumb is your best argument here.

quote:

I’m friends with the industrial development authority director in my town. He spends his days chasing manufacturing plants and laughs at people who think that’s the kind of manufacturing he ought to be chasing. He’s chasing jobs with high salaries and good benefits. Sock plants ain’t them.



Theres plenty of room in this country for high level manufacturing(which doesnt employ that many people) and mid to low level manufacturing. America did just fine when we made all our socks, power tools, and everything else we bought. When you pay your neighbor for the product, he then has money to spend at your business and your other neighbor's business. When you pay China for the product, China and the middlemen corporations get all the money. That money isnt going back into your community.

Its a privilege to sell your products to the US consumer because our ancestors built an economic powerhouse(based off making things) that we still benefit from today. There should have always been a huge penalty for outsourcing manufacturing meant for American consumers overseas to slave wage labor. It was effectively cashing in on the work of previous generations to enrich yourself in the moment...a specialty of Boomers.

Bringing back "sock factories" is the only lifeline we have. What we are doing now where we make a select few high level things(that dont employ enough workers) and the rest of the economy is a consumer, service and government job economy doesnt work. Its a temporary thing that is only propped up by printed money. When everyone acknowledges that the emperor has no clothes, then the whole thing blows up

re: -0.3% 1st Quarter GDP

Posted by scottydoesntknow on 4/30/25 at 4:17 pm
quote:

Not good. Recession imminent by July.


Most of the country has been in a recession for years

re: Horrific gdp report

Posted by scottydoesntknow on 4/30/25 at 3:48 pm
quote:

quote:Our country’s economy cannot grow without government spending and it’s been this way for over 20 years. Sounds like all of our growth for the last 20 years has been artificial then.


Fake economy

MT board thinks their stonks being high has absolutely nothing to do with the govt expanding the money supply 243% in the last 20 years

re: Horrific gdp report

Posted by scottydoesntknow on 4/30/25 at 3:44 pm
quote:

There are oodles of manufacturing jobs here


False

quote:

I ask again, should the government compel businesses to change their models of operation, and by extension force consumers of all ages to pay higher prices for products, to ensure high-paying middle-class manufacturing jobs for high school graduates who bring no skills to the table?


Interesting how you are framing your stupid questions. These "businesses" dont exist. There arent sock factories and power tool factories with big "help wanted" signs. Nobody is compelling businesses to do anything. Its perfectly fine to say "if you want access to American consumers, you will pay for it, or youll make your products in America. Tariffs are a timeless economic weapon to protect your nation's economy, especially against antagonistic ones that engage in currency manipulation and slave labor.

re: Horrific gdp report

Posted by scottydoesntknow on 4/30/25 at 3:30 pm
quote:

Do you know what happens to the deficit and debt during a recession? They expand quite a bit as both government revenue declines and government spending increases (stimulus).


Im well aware of the pitfalls a central planning an economy

re: Horrific gdp report

Posted by scottydoesntknow on 4/30/25 at 3:10 pm
quote:

I will be honest in saying I don't know what to do with them. Other than say train yourself to find a productive place in today's workforce, or go on UBI.


So a corporatacracy and a giant welfare state, funded by imaginary money. This is the future yall are willing to pass on to the next generations so that yall can live in comfort in retirement.

re: Horrific gdp report

Posted by scottydoesntknow on 4/30/25 at 2:41 pm
quote:

I don’t think we can afford a recession


This kind of thinking is why we are 37 trillion in debt.

re: Horrific gdp report

Posted by scottydoesntknow on 4/30/25 at 2:38 pm
quote:

the plan is to retain the worst of the model and expand it (large deficit expansion) and somehow make it even worse (tariffs).


Lies. Ive never heard once the administration state this is their plan. It may be what YOU assume the plan is. The President has said hed sign a balanced budget bill. There is a GOP majority Congress...I wonder why this hasnt happened

re: Horrific gdp report

Posted by scottydoesntknow on 4/30/25 at 12:57 pm
If the current model(print money, distribute it, and buy everything from overseas) is so great, why were we wrecked by inflation and why are we at unsustainable levels of debt? Why would we assume that this can be maintained forever?

re: Horrific gdp report

Posted by scottydoesntknow on 4/30/25 at 12:38 pm
quote:

This is the world I was referring to, from another post: And it’s not likely to contribute one iota toward what POTUS has convinced his most rabid followers that he’s going to do … bring back old-school smokestack manufacturing to the US so that people with a high school education or less who love their mamas and Jesus and have strong backs and good work ethics and can say yes sir and no sir can make comfortable middle class livings. My fear is how those people are going to react when they find out at the end of the day that the world they seek is never coming back, ever, because it doesn’t exist anymore and no tariffs will restore it. There was a story in the British paper The Telegraph recently where they went to West Virginia and talked to coal miners who have been reduced to poverty by the move away from coal and the constant refrain was how they want to get even with everyone who’s preventing them from living the kinds of lives they want to and working the kind of jobs they want to … changing and adapting instead of clinging to those things are simply not considerations … and I fear that is going to be the final act of this. But it’s easy to yell “China first.” You will no doubt accuse me of stereotyping the people I described. On the contrary, that describes my father to a T and he was one of the finest men ever to draw breath. He worked for nearly 40 years at a steel plant. I would not be where I am today without what he did there and the opportunities he had there. As his father did before him. But I also realize that s**t changes and it's silly to cling to something as a birthright or an entitlement instead of accepting that it's not there anymore and adapting and doing what it takes to function in the new world. I'd like to think my father, who had many skills, would have found a way to adapt. Nobody is getting their foot into a modern manufacturing facility, even as janitor in a place that makes toothpicks, unless you have been trained past the secondary level to possess a specific desirable skill. The POTUS has tried to convince his followers otherwise; again there's going to be hell to pay when they find out it was all a work, because I understand their attraction to the man because they think they have been s**t upon and ignored and marginalized for 50 years and are desperate for an advocate and they don't really have anything to lose anymore. And given some of the talk on the Political Board, which I tried to dive into gingerly and am not revisiting, they've morphed from traditional conservatism practically into Bolshevik class warfare.


What a load of defeatist garbage. You people cant even give a realistic economic model going forward other than to "keep the ship afloat until im dead"

Boomer: "things changed, we cant make things cheap enough"
Young person: "how do we pay China for cheap shite since we dont make anything here and dont have jobs"
Boomer: "Quit asking questions and get with the times"
Young person: Well can we at least lower regulations, taxes and environmental laws so that I can make products cheaper here
Boomer: "No, just take your little govt stipend and be content!"
Furthering the trend of small private schools biting the dust. Young folks are not being duped into going thousands of dollars into debt...all for no job after graduation
Well darn I guess we should continue with business as usual. Fire up the money printing machine!

re: Horrific gdp report

Posted by scottydoesntknow on 4/30/25 at 12:11 pm
quote:


Plus his mission prioritizes the interest of the economy, not the interest of one man and his constituency of people bitter that the world passed them by who are going to be awful pissed when they find out that Trump can't restore the world they crave and think is their birthright.


Exactly! who do these young folks think they are, thinking they are entitled to a real economy. Print and spend is the new economic model!

re: Horrific gdp report

Posted by scottydoesntknow on 4/30/25 at 12:08 pm
quote:

Fed is going to restart QE in Q3 this year, in all likelihood, which will make Trumps policies look better than they have been.


Gotta keep the fake economy going at any cost!
quote:


As expected you didn't list anything


Dont cry about it