I see the tariff and trade war loving AFL-CIO “conservatives” were out in force yesterday.
Same old arguments against free trade and for economic protectionism and isolationism every fat cat corrupt big labor boss has been making for the last 70 years.
When you put a turd in a box, wrap it in Xmas paper, and tie a red bow around the box, it is still a turd.
The AFL-CIO “conservatives” have been here hating Trudeau as “son of Fidel” and other endearments for years.
But now that Trump wants to ensure his clone wins the election, all of a sudden it is perfectly fine with them to have another communist leading Canada.
In other words, Trump’s communist is better than other communist, just like his tired old tariffs and stupid trade wars are “better” than other tired old tariffs and stupid trade wars.
tells Primetime that NBC has a secret tape that shows Lee Harvey Oswald near JFK’s vehicle when the assassination took place… which would mean he wasn’t the shooter.”
Zzzzz……
I guess he lent his rifle to the real shooter, and then ran away and killed a police office and hid in a theater to cover for the real killer.
“The National Post obtained a copy of Carney’s 1995 thesis for his doctorate in economics from Oxford University titled “The Dynamic Advantage of Competition.” It shows 10 instances of apparent plagiarism, according to the judgment of three university academics who reviewed the material.
In several sections of his thesis, Carney used full quotes, paraphrases, or slightly modified quotes from four previous works without proper acknowledgement or attribution.”
CM: Look around you. For miles in every direction, it looks flat. If I put a marble on the ground, it doesn’t roll. That means the earth is flat.
Q: But we have pictures taken from space that show the earth is spherical. On a clear day, you can actually see the curvature of the earth.
CM: No, the earth is flat. Listen – if you put a marble on a curved surface, it will roll downward and eventually fall off the surface. Marbles on the earth don’t do that. So, the earth is flat.
Q: The reason the marble doesn’t roll is that the only force on it is downward – the force of gravity pulling objects towards the center of the earth, which is a sphere.
CM: No, sorry. Donald Trump says the earth is flat. Esteemed smart person Victor Davis Hanson says the earth is flat. So it is flat.
I guess after the Canadian leftists are reelected with Trump’s help, we will stop seeing Trudope and Fidel’s son references. Wait. It’s the Cult. Never mind.
Seriously, BillW? You wrote on the other thread the following factually incorrect information and you are now claiming other people are blinded to facts? Talk about pot calling the kettle black, LOL! –
BillW wrote – Fla – In the first place, your data is incorrect. Inflation did not fall during the first Trump adminstration – the price level increased steadily throughout his term – until the Covid shutdown wrecked the economy.
Since your data is incorrect, your analysis cannot possibly be right.
——————
BillW, I just had a quick chance to review the data further and I’m sorry to break it to you but you are incorrect and my data is right. Not only did the average inflation rate fall to 1.9% during his full first term, below the federal reserve target inflation rate of 2%, but the monthly inflation rate also decreased after President Trump imposed his tariffs during his first term as I said. For example, During his first term, President Trump imposed tariffs on Chinese goods on March 22, 2018. The US monthly CPI held steady at .04 in April and May 2018 (May was the first full month of pricing after they were imposed), then decreased below that .04 monthly rate as follows-
May 2018: CPI 251.588, Monthly Inflation Rate 0.4%,
June 2018: CPI 251.989, Monthly Inflation Rate 0.2%,
July 2018: CPI 252.006, Monthly Inflation Rate 0.0%,
August 2018: CPI 252.146, Monthly Inflation Rate 0.1%,
September 2018: CPI 252.439, Monthly Inflation Rate 0.2%
October 2018: CPI 252.885, Monthly Inflation Rate 0.2%,
November 2018: CPI 252.038, Monthly Inflation Rate -0.3%, this was a deflationary month
December 2018: CPI 251.233, Monthly Inflation Rate -0.3%, this was a deflationary month
Fla – If you think the correct way to measure the impact of a steel and aluminum tariff is through the CPI or PPI, you are guilty of confusing correlation with causation. The economy is far too complex to try to do that casual association.
First of all, the imposition of the steel tariffs in 2018 raised US steel prices by $300 per ton, roughly from $500 to $800 depending on grade. Who was hurt by that? Aynone who bought steel in the US. (The same thing happened on a smaller scale with aluminum.)
1 US automakers
2 Companies that make construction equipment like Caterpillar
3 Companies that make airplanes like Boeing
4 Consumers of all products that are made with steel
This was especially harmful to big exporters – Caterpillar now had a huge cost disadvantage in competing with Kubota and Mahindra and other global equipment companies. Boeing was harmed in its competition wtih Airbus, Bombardier, and Embraer.
Thousands of other factors affect the overall inflation rate aside from tariffs. In 2018, it was thought that only 4% of US imports would be affected and imports are a small part of our entire economy. To infer that tariffs had no impact on the price level with only that data is unsupportable.
Finally, you chose to only include inflation numbers from 2018. If you look over the entire period from tariff imposition to February 2020, inflation levels were slowly rising.
Fla – If you think the correct way to measure the impact of a steel and aluminum tariff is through the CPI or PPI, you are guilty of confusing correlation with causation. The economy is far too complex to try to do that casual association.
First of all, the imposition of the steel tariffs in 2018 raised US steel prices by $300 per ton, roughly from $500 to $800 depending on grade. Who was hurt by that? Aynone who bought steel in the US. (The same thing happened on a smaller scale with aluminum.)
1 US automakers
2 Companies that make construction equipment like Caterpillar
3 Companies that make airplanes like Boeing
4 Consumers of all products that are made with steel
This was especially harmful to big exporters – Caterpillar now had a huge cost disadvantage in competing with Kubota and Mahindra and other global equipment companies. Boeing was harmed in its competition wtih Airbus, Bombardier, and Embraer.
Thousands of other factors affect the overall inflation rate aside from tariffs. In 2018, it was thought that only 4% of US imports would be affected and imports are a small part of our entire economy. To infer that tariffs had no impact on the price level with only that data is unsupportable.
Finally, you chose to only include inflation numbers from 2018. If you look over the entire period from tariff imposition to February 2020, inflation levels were slowly rising.
————————
BIllw I was addressing your factually inaccurate statement that “ the price level increased steadily throughout his term“ after President trump imposed his tariffs in March 2018. This is clearly wrong as the data shows, it trended downward with some deflationary months and some slight increases, averaging below the fed reserve target rate for a functional economy. . Now for your current incorrect inferences. You are correct that the price of steel imported from China was affected by the tariffs . I never said otherwise. However, like the current situation at walmart and Costco, major US manufacturers and importers did not materially pass on the cost of this to US consumers, due in part to the same tactics employed by Walmart and Costco recently – they made the Chinese exporters eat them. Notice I didn’t say there was no effect. I’m just saying it wasn’t material for the US consumer.
Here’s some data that supports this contention . We both agree that one of the major consumers of that steel was US car manufacturers. The overall car price inflation rate from March 2018 to December 2019 was 0.38% for new cars and trucks. This rate is significantly lower than the overall inflation rate during the same period, the average of 1.9% that I mentioned earlier. This of course dropped below the fed reserve target of 2% during the period. To underline it for you – the price of cars increased at a negligible rate during the period and were not materially impacted by tariffs. The same applies to your other manufacturers but you can do your own data review for that.
lastly, the 2019 monthly cpi numbers also support my prior contention that the rate of cpi increases were below the average rates of .4% that we saw before the imposition of Chinese tariffs in March 2018. Moreover, the 2019 monthly data, just like the 2018 data shows a rate of increase falling BELOW the federal reserve target rate. Further supporting a minimal impact of tariffs on cpi. Here is the 2019 data –
2019 monthly CPI
CPIJanuary: 1.6% (CPI rose from 247.867 in January 2018 to 251.712 in January 2019)
February: 1.5% (CPI rose from 248.991 in February 2018 to 252.776 in February 2019)
March: 1.9% (CPI rose from 249.554 in March 2018 to 254.202 in March 2019)
April: 2.0% (CPI rose from 251.107 in April 2018 to 255.548 in April 2019)
May: 1.8% (CPI rose from 251.588 in May 2018 to 256.092 in May 2019)
June: 1.6% (CPI rose from 251.989 in June 2018 to 256.143 in June 2019)
July: 1.8% (CPI rose from 252.006 in July 2018 to 256.571 in July 2019)
August: 1.7% (CPI rose from 252.146 in August 2018 to 256.558 in August 2019)
September: 1.7% (CPI rose from 252.439 in September 2018 to 256.759 in September 2019)
October: 1.8% (CPI rose from 252.885 in October 2018 to 257.346 in October 2019)
November: 2.1% (CPI rose from 252.038 in November 2018 to 257.208 in November 2019)
December: 2.3% (CPI rose from 251.233 in December 2018 to 256.974 in December 2019)
“Further supporting a minimal impact of tariffs on cpi”
Zzzzz… typical “how to lie with statistics” BS.
You have to look at tariffs by seeing what effect they have on the goods the tariffs are imposed on, and then you have to look at what the effect is on the US exporters when countries the US has imposed tariffs on retaliate.
The general CPI does not reflect any of that. It could be there are decreases in other prices unrelated to the tariffs and the retaliatory measures.
In addition, the tariffs in the first term, wrongheaded and stupid as they were, were less comprehensive and lower than the ones being imposed now.
Trump said Putin knows he is angry, but noted that he has “a very good relationship with him” and “the anger dissipates quickly … if he does the right thing.”
I am sure they are having a good laugh at the Kremlin…
This is the “comedian” the WH dinner was going to feature.
This year’s
@whca dinner will be hosted by a 2nd rate comedian who is previewing the event by calling this administration “murderers” who want to “feel like human beings, but they shouldn’t get to feel that way, because you’re not”
It was cancelled but the idea this person was ever invited is astounding.
“” If you think the correct way to measure the impact of a steel and aluminum tariff is through the CPI or PPI, you are guilty of confusing correlation with causation. The economy is far too complex to try to do that casual association.
First of all, the imposition of the steel tariffs in 2018 raised US steel prices by $300 per ton, roughly from $500 to $800 depending on grade. Who was hurt by that? Aynone who bought steel in the US. (The same thing happened on a smaller scale with aluminum.)
1 US automakers
2 Companies that make construction equipment like Caterpillar
3 Companies that make airplanes like Boeing
4 Consumers of all products that are made with steel”
If one were to look at the cth article in particular the Bls data, one could see 0.5 as the rate for “food at home.”
Food at home” in the context of the Consumer Price Index (CPI) refers to the prices of food items purchased at grocery stores (or other food stores) and food prepared by the consumer unit on trips, excluding non-food items.
Yes, 0.5 percent. In 2019. A big part was the minus 4% in energy prices.
Under demented, food inflation was 28% over the last four years. Average that and you get 7% a year.
Fla – Walmart and Costco, Walmart and Costco. You are obsessed with Walmart and Costco.
Please answer me this question. Why would Walmart and Costco have ANYTHING to do with tariffs? If they could put pressure on the Chinese exporters with or without the tariff, why wouldn’t they do so? How does the tariff give them extra power?
I worked for a company that had Walmart as its buggest customer. They were (and are) brutal on driving down prices offered by their suppliers. Tarriffs are irrelevant.
If you believe that W & C were effective in keeping prices from rising, then in the absense of tariffs, prices would have gone DOWN. But with the tariffs, they continued to rise at a 2-3% annual rate.
Billw, sorry. I’m out on a boat writing this on my iPhone. Bass are starting to hit. I mention Walmart and Costco because they are major importers of product that is now subject to the Chinese tariffs that went in to effect on Feb 4 2025. I have posted various articles discussing how they have demanded Chinese suppliers to “eat” most of the tariff costs, preventing the production that they sell to us consumers from having a material price increase. This occurred in 2018 as well. It is just an example in real time of how tariff costs don’t always get passed on to consumers, let alone in a dollar for dollar amount. it’s far more complex than just assuming that US consumer derivative prices will always increase and at amounts equal to the underlying tariffs. Things like the profit margins of the goods and how much can be absorbed by the exporter, the US consumers demand elasticity of the tariffed products, etc. I used President Trumps first term data and the recent articles concerning push back major Chinese importers, such as Costco and Walmart to show this. Tariffs are never a “tax cut”, but they don’t necessarily always equate to a material “price” increase for US consumers. I’d like to see how this plays out and if President Trump is just using his reciprocal tariffs as a negotiating tool to bring down the exhorbitant tariffs imposed by our major trade partners. Anyway, I’m going to focus on peacock bass now. Have a great Sunday, Bill
Waltz will be gone sooner rather than later. Another dumb lie.
Jeffrey Goldberg appearing on Meet the Press, says he has met and spoken to Mike Waltz and that Waltz’s ongoing denials to that end are “simply not true.” Goldberg notes his phone number was in Waltz’s phone simply because his phone number was in Waltz’s phone.
Per @POTUS directive, I have revoked former President Joe Biden’s security clearance, and revoked clearances and access to classified information for Kamala Harris, Hillary Clinton, Liz Cheney, Adam Kinzinger, Fiona Hill, and Alexander Vindman.
I’d like to see how this plays out and if President Trump is just using his reciprocal tariffs as a negotiating tool to bring down the exhorbitant tariffs imposed by our major trade partners.”
Zzzz….
What a crock of crap.
“Negotiating tool” my ass.
Trump believes in economic protectionism and isolationism as a core principle. He has been consistent on this for 50 years.
The fact Tina thinks increasing the tariffs on a product doesn’t increase the price to consumers or to the product it is a component of shows her ignorance.
She should refrain from showing her ignorance on things she doesn’t understand and concentrate on what she does best, shilling for Putin.
People are still worried about inflation, and President Biden still gets hit harder on that issue than President Trump, with 38 percent blaming the Biden administration’s policies for inflation, as opposed to 34 percent blaming Trump policies, and 19 percent answering “both equally.”
There is no way Trump should be blamed by so many people. It should be 80-20 Biden.
The reason it is so high for Trump is that people understand his trade policy affects prices.
In other words, many people are smarter than Tina.
How many more days/weeks will it be before nutjob progressive/liberals understand and accept that Teslas are loaded up with cameras that record them vandalizing the cars?
“March 24, 2025: AP News reported that President Trump has nominated the current acting CDC Director, Susan Monarez, for the administration’s CDC Director. Susan Monarez’s nomination follows the abrupt withdrawal of Dr. David Weldon, a vocal critic of the CDC’s handling of vaccine adverse events, and long-time supporter of RFK
His killer should remain in prison for a long, long, long time.
Black lives matter as all lives matter. People were correct to express that view and be outraged over what happened to George Floyd
Riots are wrong.
Violent people should be prosecuted and not pardoned whether their crimes were committed in Minneapolis by people wearing BLM gear or on Capitol Hill by people wearing MAGA gear
Trump Trolls the Media Again With New Comments on Running for Reelection in 2028″
Are the Cultist ready to throw Vance under the bus so they can have Trump run again?
Stay tuned.
Btw, Trump suggested one way around the constitutional prohibition is to run as VP on the Vance ticket and then have Vance resign to he can become President.
Taking a page from his predecessor, he said “I’m not joking”.
Richard Chamberlain-RIP. Where did the time go? The early 60’s dang? A time of Route 66, Dr. Kildare, Karen (Bristol Court), Annette and Frankine with those dumb blanket bingo parties on the beach, and of course the ’64 Ford Mustang. A place of the ‘Wonderful, World of Color” for Disneyland….Daniel Boone etc…
Outstanding day of fishing. If any of you ever make it down to south Florida, definitely give Everglades peacock bass fishing a try. I missed this comment earlier, so here’s a response. Not that it will change anything, but I appreciate the civil discussion lately –
“You have to look at tariffs by seeing what effect they have on the goods the tariffs are imposed on, and then you have to look at what the effect is on the US exporters when countries the US has imposed tariffs on retaliate.”
Which is why I provided in my previous response the average price increase for new cars and trucks (published by the Fed ) over the period, major manufacturers that consume the steel and aluminum, that were tariffed in President Trumps first term. it rose only .38%, a negligible amount during 2 year period after the tariffs were imposed, supporting the contention that the effects of those tariffs (steel and aluminum) were not material to US consumers during President Trumps first term.
Data regarding the effect of retaliatory tariffs on net US exports to China is more difficult to quantify because of confluent issues like China demand declines due to their economic slowdown and GDP contraction, which occurred from 2017 through 2019. However, the aggregate net export sales data can be found published by the U.S. Census Bureau and the U.S.-China Business Council. Both show a slight net sales decrease in export to China during the time period after Trumps tariffs went into effect. However, most economists note that China was entering a period of significant economic slowdown and a contracting GDP, which led to less demand and less resulting export sales to them. For example, in 2018, China’s GDP growth rate was the slowest annual growth rate since 1990. For 2019, the slowdown continued, with annual GDP growth dropping to the weakest pace in 29 years, again per NBS figures. .
“The general CPI does not reflect any of that. It could be there are decreases in other prices unrelated to the tariffs “
This is wrong for the numerous product/services data categories captured and broken out by the Fed, like the new car and truck pricing shown above. Numerous subcategories of products, goods and services are captured and measured within the various CPI indexes (there are about 8, Tina posted one above). The new car and truck pricing data I cited above is from the Fed’s website. Feel free to Check it out. It will allow you to run data by specific periods and aggregate them accordingly.
So true, John. It’s going by so fast. It feels like just yesterday I was watching Chamberlin in Shogun.
Hey bitter, I just posted something but it didn’t seem to post. Do posts sometimes get stuck in moderation ? I tried it twice and both times nothing came through. Just curious if it’s a problem on my end, No worries since its irrelevant commentary in any event.
84 responses to “Sunday reset”
I see the tariff and trade war loving AFL-CIO “conservatives” were out in force yesterday.
Same old arguments against free trade and for economic protectionism and isolationism every fat cat corrupt big labor boss has been making for the last 70 years.
When you put a turd in a box, wrap it in Xmas paper, and tie a red bow around the box, it is still a turd.
The AFL-CIO “conservatives” have been here hating Trudeau as “son of Fidel” and other endearments for years.
But now that Trump wants to ensure his clone wins the election, all of a sudden it is perfectly fine with them to have another communist leading Canada.
In other words, Trump’s communist is better than other communist, just like his tired old tariffs and stupid trade wars are “better” than other tired old tariffs and stupid trade wars.
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Remember when HHR hated Trudeau and the Canadian libs? Now that Trump is their campaign manager, it’s ok if they win.
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BREAKING:
@realannapaulina
tells Primetime that NBC has a secret tape that shows Lee Harvey Oswald near JFK’s vehicle when the assassination took place… which would mean he wasn’t the shooter.”
Zzzzz……
I guess he lent his rifle to the real shooter, and then ran away and killed a police office and hid in a theater to cover for the real killer.
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Trudope/Trump!
The Cult approves.
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Remember when HHR hated Trudeau and the Canadian libs?”
That was before ideology was sacrificed on the Trump Tariff Altar.
One thing about the cultists, you can always count of them to sell out any conservative belief they previously held.
You have to admire that “flexibility”.
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You have to give credit to NBC.
They have been hiding this tape for 60 years, and no one who worked there has ever leaked it.
Maybe as people retired, they swore the new hires to secrecy in a “blood oath” ritual.
I think we have finally found the real Deep State.
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I wonder if anyone asked Ana Paula Luna why a news organization would not want to break the greatest news story of all time.
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“The National Post obtained a copy of Carney’s 1995 thesis for his doctorate in economics from Oxford University titled “The Dynamic Advantage of Competition.” It shows 10 instances of apparent plagiarism, according to the judgment of three university academics who reviewed the material.
In several sections of his thesis, Carney used full quotes, paraphrases, or slightly modified quotes from four previous works without proper acknowledgement or attribution.”
The Cultists won’t care.
The ends justify the means.
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I saw a bumper sticker yesterday RFK Jr – Make America Healthy Again.
It was parked in front of an ice cream shop, so there is that.
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We can only fly illegals in, but not out of country.
-Free passer
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I think 0-5 went 0-6 on the last thread.
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Said by nobody at HHR.
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CM: The earth is flat.
Q: How do you come to that conclusion?
CM: Look around you. For miles in every direction, it looks flat. If I put a marble on the ground, it doesn’t roll. That means the earth is flat.
Q: But we have pictures taken from space that show the earth is spherical. On a clear day, you can actually see the curvature of the earth.
CM: No, the earth is flat. Listen – if you put a marble on a curved surface, it will roll downward and eventually fall off the surface. Marbles on the earth don’t do that. So, the earth is flat.
Q: The reason the marble doesn’t roll is that the only force on it is downward – the force of gravity pulling objects towards the center of the earth, which is a sphere.
CM: No, sorry. Donald Trump says the earth is flat. Esteemed smart person Victor Davis Hanson says the earth is flat. So it is flat.
Q: I give up!
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I guess after the Canadian leftists are reelected with Trump’s help, we will stop seeing Trudope and Fidel’s son references. Wait. It’s the Cult. Never mind.
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Seriously, BillW? You wrote on the other thread the following factually incorrect information and you are now claiming other people are blinded to facts? Talk about pot calling the kettle black, LOL! –
BillW wrote – Fla – In the first place, your data is incorrect. Inflation did not fall during the first Trump adminstration – the price level increased steadily throughout his term – until the Covid shutdown wrecked the economy.
Since your data is incorrect, your analysis cannot possibly be right.
——————
BillW, I just had a quick chance to review the data further and I’m sorry to break it to you but you are incorrect and my data is right. Not only did the average inflation rate fall to 1.9% during his full first term, below the federal reserve target inflation rate of 2%, but the monthly inflation rate also decreased after President Trump imposed his tariffs during his first term as I said. For example, During his first term, President Trump imposed tariffs on Chinese goods on March 22, 2018. The US monthly CPI held steady at .04 in April and May 2018 (May was the first full month of pricing after they were imposed), then decreased below that .04 monthly rate as follows-
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Fla – If you think the correct way to measure the impact of a steel and aluminum tariff is through the CPI or PPI, you are guilty of confusing correlation with causation. The economy is far too complex to try to do that casual association.
First of all, the imposition of the steel tariffs in 2018 raised US steel prices by $300 per ton, roughly from $500 to $800 depending on grade. Who was hurt by that? Aynone who bought steel in the US. (The same thing happened on a smaller scale with aluminum.)
1 US automakers
2 Companies that make construction equipment like Caterpillar
3 Companies that make airplanes like Boeing
4 Consumers of all products that are made with steel
This was especially harmful to big exporters – Caterpillar now had a huge cost disadvantage in competing with Kubota and Mahindra and other global equipment companies. Boeing was harmed in its competition wtih Airbus, Bombardier, and Embraer.
Thousands of other factors affect the overall inflation rate aside from tariffs. In 2018, it was thought that only 4% of US imports would be affected and imports are a small part of our entire economy. To infer that tariffs had no impact on the price level with only that data is unsupportable.
Finally, you chose to only include inflation numbers from 2018. If you look over the entire period from tariff imposition to February 2020, inflation levels were slowly rising.
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Still waiting for Tina to tell us who at HHR wants 20 COVID vaccines.
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One Covid vaccine a year is an easy choice to make if that is what it takes to prevent serious harm or illness from the disease.
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The Cultists have really given “conservatism” a new agenda.
I could go on, but you get the point.
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No, sorry. Donald Trump says the earth is flat. Esteemed smart person Victor Davis Hanson says the earth is flat. So it is flat.”
Yep.
That is the Cultist mentality.
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BillW wrote –
Fla – If you think the correct way to measure the impact of a steel and aluminum tariff is through the CPI or PPI, you are guilty of confusing correlation with causation. The economy is far too complex to try to do that casual association.
First of all, the imposition of the steel tariffs in 2018 raised US steel prices by $300 per ton, roughly from $500 to $800 depending on grade. Who was hurt by that? Aynone who bought steel in the US. (The same thing happened on a smaller scale with aluminum.)
1 US automakers
2 Companies that make construction equipment like Caterpillar
3 Companies that make airplanes like Boeing
4 Consumers of all products that are made with steel
This was especially harmful to big exporters – Caterpillar now had a huge cost disadvantage in competing with Kubota and Mahindra and other global equipment companies. Boeing was harmed in its competition wtih Airbus, Bombardier, and Embraer.
Thousands of other factors affect the overall inflation rate aside from tariffs. In 2018, it was thought that only 4% of US imports would be affected and imports are a small part of our entire economy. To infer that tariffs had no impact on the price level with only that data is unsupportable.
Finally, you chose to only include inflation numbers from 2018. If you look over the entire period from tariff imposition to February 2020, inflation levels were slowly rising.
————————
BIllw I was addressing your factually inaccurate statement that “ the price level increased steadily throughout his term“ after President trump imposed his tariffs in March 2018. This is clearly wrong as the data shows, it trended downward with some deflationary months and some slight increases, averaging below the fed reserve target rate for a functional economy. . Now for your current incorrect inferences. You are correct that the price of steel imported from China was affected by the tariffs . I never said otherwise. However, like the current situation at walmart and Costco, major US manufacturers and importers did not materially pass on the cost of this to US consumers, due in part to the same tactics employed by Walmart and Costco recently – they made the Chinese exporters eat them. Notice I didn’t say there was no effect. I’m just saying it wasn’t material for the US consumer.
Here’s some data that supports this contention . We both agree that one of the major consumers of that steel was US car manufacturers. The overall car price inflation rate from March 2018 to December 2019 was 0.38% for new cars and trucks. This rate is significantly lower than the overall inflation rate during the same period, the average of 1.9% that I mentioned earlier. This of course dropped below the fed reserve target of 2% during the period. To underline it for you – the price of cars increased at a negligible rate during the period and were not materially impacted by tariffs. The same applies to your other manufacturers but you can do your own data review for that.
lastly, the 2019 monthly cpi numbers also support my prior contention that the rate of cpi increases were below the average rates of .4% that we saw before the imposition of Chinese tariffs in March 2018. Moreover, the 2019 monthly data, just like the 2018 data shows a rate of increase falling BELOW the federal reserve target rate. Further supporting a minimal impact of tariffs on cpi. Here is the 2019 data –
2019 monthly CPI
CPIJanuary: 1.6%
(CPI rose from 247.867 in January 2018 to 251.712 in January 2019)
February: 1.5%
(CPI rose from 248.991 in February 2018 to 252.776 in February 2019)
March: 1.9%
(CPI rose from 249.554 in March 2018 to 254.202 in March 2019)
April: 2.0%
(CPI rose from 251.107 in April 2018 to 255.548 in April 2019)
May: 1.8%
(CPI rose from 251.588 in May 2018 to 256.092 in May 2019)
June: 1.6%
(CPI rose from 251.989 in June 2018 to 256.143 in June 2019)
July: 1.8%
(CPI rose from 252.006 in July 2018 to 256.571 in July 2019)
August: 1.7%
(CPI rose from 252.146 in August 2018 to 256.558 in August 2019)
September: 1.7%
(CPI rose from 252.439 in September 2018 to 256.759 in September 2019)
October: 1.8%
(CPI rose from 252.885 in October 2018 to 257.346 in October 2019)
November: 2.1%
(CPI rose from 252.038 in November 2018 to 257.208 in November 2019)
December: 2.3%
(CPI rose from 251.233 in December 2018 to 256.974 in December 2019)
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Sounds like Trump’s not happy with Putin. Jason and Bitter will be tariff-lovers in 3…2….1…..
https://redstate.com/mike_miller/2025/03/30/very-angry-trump-goes-off-on-putin-in-nbc-interview-in-no-uncertain-salty-terms-n2187287
Chicon
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FLA2025 probably believes Peter Navarro who this morning said tariffs are a “tax cut”.
Maybe in an alternate universe.
In the real world, tariffs are just another tax on American consumers.
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“Further supporting a minimal impact of tariffs on cpi”
Zzzzz… typical “how to lie with statistics” BS.
You have to look at tariffs by seeing what effect they have on the goods the tariffs are imposed on, and then you have to look at what the effect is on the US exporters when countries the US has imposed tariffs on retaliate.
The general CPI does not reflect any of that. It could be there are decreases in other prices unrelated to the tariffs and the retaliatory measures.
In addition, the tariffs in the first term, wrongheaded and stupid as they were, were less comprehensive and lower than the ones being imposed now.
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Sounds like Trump’s not happy with Putin.”
Zzzzzz……
All this says is that Trump might be waking up to the fact Putin is playing him for a chump.
But everyone here who is not a Putin sycophant knew that.
Chicon is a little late to the party.
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Trump said Putin knows he is angry, but noted that he has “a very good relationship with him” and “the anger dissipates quickly … if he does the right thing.”
I am sure they are having a good laugh at the Kremlin…
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0-7
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This was 2019.
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This is the “comedian” the WH dinner was going to feature.
This year’s
@whca dinner will be hosted by a 2nd rate comedian who is previewing the event by calling this administration “murderers” who want to “feel like human beings, but they shouldn’t get to feel that way, because you’re not”
It was cancelled but the idea this person was ever invited is astounding.
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Zzzzz…
Tina embarks on the “how to lie with statistics” meme.
What a surprise.
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Once again, no evidence of inflation in 2018 or 2019. Tariffs were enacted in 2018:
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BillW is correct on how to look at tariffs.
“” If you think the correct way to measure the impact of a steel and aluminum tariff is through the CPI or PPI, you are guilty of confusing correlation with causation. The economy is far too complex to try to do that casual association.
First of all, the imposition of the steel tariffs in 2018 raised US steel prices by $300 per ton, roughly from $500 to $800 depending on grade. Who was hurt by that? Aynone who bought steel in the US. (The same thing happened on a smaller scale with aluminum.)
1 US automakers
2 Companies that make construction equipment like Caterpillar
3 Companies that make airplanes like Boeing
4 Consumers of all products that are made with steel”
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Those are official cpi data from 2019.
Free passers/big gubment Deadenders call those stats a lie.
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Once again, no evidence of inflation in 2018 or 2019″
Zzzzz…..
Goebbels would be proud.
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Tina”:
“The sky is blue”
ergo
“Tariffs are not a tax on the American consumer”
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https://theconservativetreehouse.com/blog/2024/10/12/donald-trump-was-the-president-of-deflation-yes-actually-lower-prices/#more-265012
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If one were to look at the cth article in particular the Bls data, one could see 0.5 as the rate for “food at home.”
Food at home” in the context of the Consumer Price Index (CPI) refers to the prices of food items purchased at grocery stores (or other food stores) and food prepared by the consumer unit on trips, excluding non-food items.
Yes, 0.5 percent. In 2019. A big part was the minus 4% in energy prices.
Under demented, food inflation was 28% over the last four years. Average that and you get 7% a year.
0.5 vs 7%
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Tina – 0/7 – Does that represent seven things that I have said that you don’t understand?
Or are you fact-checking me? Unfortunately, I really don’t care about your scorekeeping.
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Fla – Walmart and Costco, Walmart and Costco. You are obsessed with Walmart and Costco.
Please answer me this question. Why would Walmart and Costco have ANYTHING to do with tariffs? If they could put pressure on the Chinese exporters with or without the tariff, why wouldn’t they do so? How does the tariff give them extra power?
I worked for a company that had Walmart as its buggest customer. They were (and are) brutal on driving down prices offered by their suppliers. Tarriffs are irrelevant.
If you believe that W & C were effective in keeping prices from rising, then in the absense of tariffs, prices would have gone DOWN. But with the tariffs, they continued to rise at a 2-3% annual rate.
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Tina – I’ll save you the trouble. That is now 8 things you don’t understand.
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Weapons are free.
20 Covid vax are neessaary
Gubment cpi data is pulled out of thin air.
(All stated by the Deadenders)
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Pull his security clearance. He headed the fisa court during the Russia hoax and blocked release of Hillary’s emails. He is pro terrorist.
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Billw, sorry. I’m out on a boat writing this on my iPhone. Bass are starting to hit. I mention Walmart and Costco because they are major importers of product that is now subject to the Chinese tariffs that went in to effect on Feb 4 2025. I have posted various articles discussing how they have demanded Chinese suppliers to “eat” most of the tariff costs, preventing the production that they sell to us consumers from having a material price increase. This occurred in 2018 as well. It is just an example in real time of how tariff costs don’t always get passed on to consumers, let alone in a dollar for dollar amount. it’s far more complex than just assuming that US consumer derivative prices will always increase and at amounts equal to the underlying tariffs. Things like the profit margins of the goods and how much can be absorbed by the exporter, the US consumers demand elasticity of the tariffed products, etc. I used President Trumps first term data and the recent articles concerning push back major Chinese importers, such as Costco and Walmart to show this. Tariffs are never a “tax cut”, but they don’t necessarily always equate to a material “price” increase for US consumers. I’d like to see how this plays out and if President Trump is just using his reciprocal tariffs as a negotiating tool to bring down the exhorbitant tariffs imposed by our major trade partners. Anyway, I’m going to focus on peacock bass now. Have a great Sunday, Bill
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The Muh steel tariffs really caused inflation under Trump 1. Car prices went up by 0.2%. /s
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(new car)*
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I attributed that chart to the aforementioned cth article.
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Waltz will be gone sooner rather than later. Another dumb lie.
Jeffrey Goldberg appearing on Meet the Press, says he has met and spoken to Mike Waltz and that Waltz’s ongoing denials to that end are “simply not true.” Goldberg notes his phone number was in Waltz’s phone simply because his phone number was in Waltz’s phone.
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Tina the free passer:
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Should include bj for di*king bimbos and the obumbler for the Russia hoax.
DNIGabbard
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Per @POTUS directive, I have revoked former President Joe Biden’s security clearance, and revoked clearances and access to classified information for Kamala Harris, Hillary Clinton, Liz Cheney, Adam Kinzinger, Fiona Hill, and Alexander Vindman.
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I’d like to see how this plays out and if President Trump is just using his reciprocal tariffs as a negotiating tool to bring down the exhorbitant tariffs imposed by our major trade partners.”
Zzzz….
What a crock of crap.
“Negotiating tool” my ass.
Trump believes in economic protectionism and isolationism as a core principle. He has been consistent on this for 50 years.
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The fact Tina thinks increasing the tariffs on a product doesn’t increase the price to consumers or to the product it is a component of shows her ignorance.
She should refrain from showing her ignorance on things she doesn’t understand and concentrate on what she does best, shilling for Putin.
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Hey Bunu, what do you think?
“Iran Rejects Talks With US, Trump Vows ‘Bombing Like You’ve Never Seen Before’
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People are still worried about inflation, and President Biden still gets hit harder on that issue than President Trump, with 38 percent blaming the Biden administration’s policies for inflation, as opposed to 34 percent blaming Trump policies, and 19 percent answering “both equally.”
There is no way Trump should be blamed by so many people. It should be 80-20 Biden.
The reason it is so high for Trump is that people understand his trade policy affects prices.
In other words, many people are smarter than Tina.
I know, low bar.
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Zzzzzzz I was the first to use Deadenders at HHR. Tina still misuses the term.
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CBS Poll: President Trump Approval Approve: 50% (-1) Disapprove: 50% (+1) — Trump’s approval on handling… Immigration: 53-47 The Economy: 48-52 Inflation: 44-56 —— Crosstabs: Approve – Disapprove • Dem: 12-88 • GOP: 91-8 • Indie: 42-57 — • White: 57-43 • Black: 27-73 • Hispanic: 41-58 — • Ages 18-29: 50-50 • Ages 30-44: 47-44 • Ages 45-64: 52-48 • Ages 65+: 48-51 — • Male: 58-42 • Female: 42-58
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The Indie and women numbers are bad.
The rest is ok.
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@shipwreckedcrew
How many more days/weeks will it be before nutjob progressive/liberals understand and accept that Teslas are loaded up with cameras that record them vandalizing the cars?
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7,251 Views
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No wonder the free passers are sad.
https://www.thegatewaypundit.com/2025/03/us-city-tears-george-floyd-memorial/
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Not a good pick here. Too connected to demented snd gates.
rump Picks Acting [BIDEN] CDC Director for the CDC Position–Karen Kingston:
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Nobody at HHR supported the George Floyd or BLM riots. Tina knows this but loves her narratives based on lies.
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George Floyd was murdered
His killer should remain in prison for a long, long, long time.
Black lives matter as all lives matter. People were correct to express that view and be outraged over what happened to George Floyd
Riots are wrong.
Violent people should be prosecuted and not pardoned whether their crimes were committed in Minneapolis by people wearing BLM gear or on Capitol Hill by people wearing MAGA gear
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Zzzzz…. false equivalency. Someone is a clown.
The BLM riots were on a scale 100 times as violent and extensive as the single J6 riot.
The destruction, the number of police officers injured, deaths and economic impact of the BLM riots was on a scale 100 times + of the J6 riot.
The prosecution of the BLM rioters was on a completely different level and standard of justice than the prosecution of the J6 rioters.
Of course, the clown knows all this.
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Pass the bong coreeeee
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The Biden Troll is here to shill for BLM.
Not a surprise.
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Some Polymarket odds
Trump to end Ukraine war in first 90 days 7%
Duke to win NCAA tournament 49%
Liberals win Canada election 65%
Trump to end Dept of Education 21%
Mike Waltz out …13%
Trump to acquire Greenland in 2025 10%
Hegseth out …13%
Dems win WI judge election 86%
China invades Taiwan in 2025 13%
US recession in 2025 38%
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Does Polymarket have odds on ever finding the Oak Island treasure?
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I think its 100%.
If the series ended today, the Laginas would claim the treasure was indeed found, not in terms of gold, but in terms of “knowledge and history”.
Bet on it.
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Houston Open just go interesting. Leader by 3 shots just flew it into the lake.
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Trump Trolls the Media Again With New Comments on Running for Reelection in 2028″
Are the Cultist ready to throw Vance under the bus so they can have Trump run again?
Stay tuned.
Btw, Trump suggested one way around the constitutional prohibition is to run as VP on the Vance ticket and then have Vance resign to he can become President.
Taking a page from his predecessor, he said “I’m not joking”.
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The Cult would love it. I was going to post that story yesterday but thought it was to absurd. Maybe not for the Cult.
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Of course, it is profoundly demeaning to even think Vance would agree to such a scheme, but I am sure the Cultists will revert to their favorite meme.
The ends justify the means.
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Vance doesn’t know it yet, but he would immediately become a traitorous RINO if he refused to go along.
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RIP, Richard Chamberlain.
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BREAKING
Federal judge in American Samoa islands orders Pluto to be reinstated as a full blown planet.
Just kidding.
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Still pissed about Pluto’s demotion.
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Richard Chamberlain-RIP. Where did the time go? The early 60’s dang? A time of Route 66, Dr. Kildare, Karen (Bristol Court), Annette and Frankine with those dumb blanket bingo parties on the beach, and of course the ’64 Ford Mustang. A place of the ‘Wonderful, World of Color” for Disneyland….Daniel Boone etc…
Where did the time go?
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Outstanding day of fishing. If any of you ever make it down to south Florida, definitely give Everglades peacock bass fishing a try. I missed this comment earlier, so here’s a response. Not that it will change anything, but I appreciate the civil discussion lately –
“You have to look at tariffs by seeing what effect they have on the goods the tariffs are imposed on, and then you have to look at what the effect is on the US exporters when countries the US has imposed tariffs on retaliate.”
Which is why I provided in my previous response the average price increase for new cars and trucks (published by the Fed ) over the period, major manufacturers that consume the steel and aluminum, that were tariffed in President Trumps first term. it rose only .38%, a negligible amount during 2 year period after the tariffs were imposed, supporting the contention that the effects of those tariffs (steel and aluminum) were not material to US consumers during President Trumps first term.
Data regarding the effect of retaliatory tariffs on net US exports to China is more difficult to quantify because of confluent issues like China demand declines due to their economic slowdown and GDP contraction, which occurred from 2017 through 2019. However, the aggregate net export sales data can be found published by the U.S. Census Bureau and the U.S.-China Business Council. Both show a slight net sales decrease in export to China during the time period after Trumps tariffs went into effect. However, most economists note that China was entering a period of significant economic slowdown and a contracting GDP, which led to less demand and less resulting export sales to them. For example, in 2018, China’s GDP growth rate was the slowest annual growth rate since 1990. For 2019, the slowdown continued, with annual GDP growth dropping to the weakest pace in 29 years, again per NBS figures. .
“The general CPI does not reflect any of that. It could be there are decreases in other prices unrelated to the tariffs “
This is wrong for the numerous product/services data categories captured and broken out by the Fed, like the new car and truck pricing shown above. Numerous subcategories of products, goods and services are captured and measured within the various CPI indexes (there are about 8, Tina posted one above). The new car and truck pricing data I cited above is from the Fed’s website. Feel free to Check it out. It will allow you to run data by specific periods and aggregate them accordingly.
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I remember various ’60.
the 1660s and lots of explorers sailing around…
The 1760s and the FRench and Indian War…
The 1860s and that damned civil war…
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So true, John. It’s going by so fast. It feels like just yesterday I was watching Chamberlin in Shogun.
Hey bitter, I just posted something but it didn’t seem to post. Do posts sometimes get stuck in moderation ? I tried it twice and both times nothing came through. Just curious if it’s a problem on my end, No worries since its irrelevant commentary in any event.
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Fla- I released them. I don’t know why they were caught as spam.
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Bitter can you delete the second one? I posted it twice since it never posted the first time. Thanks
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Done
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NT
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