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Re: Market futures are ugly. 

By: oldCADuser in FFT4 | Recommend this post (3)
Mon, 10 Mar 25 5:59 PM | 14 view(s)
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Msg. 15162 of 15177
(This msg. is a reply to 15154 by clo2)

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Trump still thinks that the money from tariffs are being paid by foreign governments and companies. Tariffs are a zero-sum game, every dollar paid in tariffs is one less dollar that the consumer has to spend on something else. The tariff dollars are already in the country, no new dollars will be coming into the US. And if he gets his tax cuts for the rich and corporations and uses the tariffs to pay for them, he'll simply be taking money out of the pockets of lower and middle class Americans and putting it into the pockets of millionaires and billionaires.




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The above is a reply to the following message:
Re: Market futures are ugly.
By: clo2
in FFT4
Mon, 10 Mar 25 1:55 PM
Msg. 15154 of 15177

Take the weekend's "recession" mixed messages. When Fox's Maria Bartiromo asked "if you are expecting a recession this year," Trump declined to rule it out. Then he gaggled with reporters aboard Air Force One, and a reporter pointed out that Trump "kind of hesitated" at the question. "Of course you hesitate. Who knows?" Trump said. "All I know is this: We're going to take in hundreds of billions of dollars in tariffs, and we're going to become so rich, you're not going to know where to spend all that money. I'm telling you, you just watch! We're going to have jobs. We're going to have open factories. It's going to be great."


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