@TheTangoAlfa1 I read your comment, "If you can't afford $2,600 a year, then you are not ready to retire anyways. The inflation over the last 3 years was harder on us than tariffs will be. This guy is fear mongering." Sadly, an additional $2,600 in expenses is a big burden for the 40.2 percent of retirees who only receive income from Social Security. Not all of them are able to supplement their income by taking a part-time job, including those in ill health, or the grandmother who recently confided she is struggling to raise her three young grandchildren on the limited benefits she receives. It’s not fear-mongering to point out the impact more ill-conceived government programs will have on everyday Americans.
I have been keeping up with the real information and you are right. I have been looking at ways to trim my expenses and am simply not buying new clothes or any unnecessary things. Better for the environment too Thanks for being brave enough to speak the truth, especially to this age group who voted for this “concept of a plan” more than any other age group
Thank you for the kind words. This is a topic I'm very familiar with. I wish more folks would take the time to learn about this will effect their finances.
I don't mind stronger tariffs on China, as they have been doing that to everyone else for decades. Not so sure of the other countries. We need to have production in place to partially cover the higher Chinese products.
I'm with you on China, but bringing manufacturing to the U.S. means reordering of supply chains and the building of manufacturing facilities. This won't be done in four years. It is a decades long process, to say the least.
so whats the reason for inflation being through the roof now??? before tariffs?? Companies can avoid tariffs by bringing jobs back here....for the middle class.
I'd like to see more good paying jobs in the U.S. And, yes prices for goods are too high. So why pile on tariffs, now? We know bringing manufacturing to the U.S. means reordering of supply chains and the building of manufacturing facilities. This won't be done in four years. It is a decades long process to say the least. Also, manufacturing locations are not driven by taxes or tariffs. The location of manufacturing is driven by access to markets and a lot of plants are not located in the U.S. because there are other great markets outside our country.
Inflation has gone down in the last few years thanks to the current administration. Jobs have increased. Look it up. Price gouging has continued though
Tariffs? What about what the current administration has done to prices and the cost of living? They screwed us, not the upcoming tariffs...wake up!!! No mention of this.
This Bloomberg interview with Douglas Holtz-Eakin, a center-right economist and the former Director of the Congressional Budget Office, goes more deeply into the consequences of the proposed tariffs on the current economy--which is still struggling under the weight of inflation. th-cam.com/video/lrNveegNr1k/w-d-xo.html
Hmm. While it’s true that printing money can lead to inflation, it’s not the only factor. Inflation can also be driven by supply chain issues, surging demand, or rising global commodity prices, like we saw during the pandemic.
@Over50tv The pandemic...when the Fed printed three trillion dollars and shoved it into people's hands through "stimulus." Everything you mentioned is a consequence of those trillions.
Worse yet is how EACH administration just cuts interest rates and/or(!) prints more money and throws themselves a party. Imagine doing that with your credit card, and then telling the credit card company what the rate is going to be, all the while the original debt is still owed and with interest! A five cent pencil and costs twenty five cents is STILL just a pencil, that should cost five cents. 😂 Make that same pencil in the US today with NO foreign compensation to keep the price in check, and soon that pencil will cost $155. As I can't afford to pay the $155, the pencil maker will soon be out out of a job. An absurd example? Well, cars are no different.
Sorry to see you go. But, uninformed? If you followed my channel for any length of time you know the opposite is true. Please talk to American Soy and Corn farmers who export to get their opinion. I can assure you they are informed on the subject.
Google what happened to the price of goods after the implementation of tariffs in 2018. Also, find out what farmers who export corn and soy have to say about those tariffs.
Sorry to see you go. Here's a video about this topic from a right leaning source who may be more to your liking. th-cam.com/video/lrNveegNr1k/w-d-xo.html
@@debwefox Yes. In a first-past-the-post system with only two parties, that's what can happen. Will there be another election? I don't know, but I do know that many, many of Permanent President Manson's voters will have left this world by then.
You forget about oldsters like me who did everything to put our kids through school, and NOT to buy "His" and "Hers" snowmobiles. My wife and I are stuck with a "Parent Plus" loan that we will never pay off for the rest of our lives. So GOOD LUCK to your generation running things when we're all gone.
@TheTangoAlfa1 I read your comment, "If you can't afford $2,600 a year, then you are not ready to retire anyways. The inflation over the last 3 years was harder on us than tariffs will be. This guy is fear mongering." Sadly, an additional $2,600 in expenses is a big burden for the 40.2 percent of retirees who only receive income from Social Security. Not all of them are able to supplement their income by taking a part-time job, including those in ill health, or the grandmother who recently confided she is struggling to raise her three young grandchildren on the limited benefits she receives. It’s not fear-mongering to point out the impact more ill-conceived government programs will have on everyday Americans.
I have been keeping up with the real information and you are right. I have been looking at ways to trim my expenses and am simply not buying new clothes or any unnecessary things. Better for the environment too
Thanks for being brave enough to speak the truth, especially to this age group who voted for this “concept of a plan” more than any other age group
Thank you for the kind words. This is a topic I'm very familiar with. I wish more folks would take the time to learn about this will effect their finances.
I don't mind stronger tariffs on China, as they have been doing that to everyone else for decades. Not so sure of the other countries. We need to have production in place to partially cover the higher Chinese products.
I'm with you on China, but bringing manufacturing to the U.S. means reordering of supply chains and the building of manufacturing facilities. This won't be done in four years. It is a decades long process, to say the least.
so whats the reason for inflation being through the roof now??? before tariffs?? Companies can avoid tariffs by bringing jobs back here....for the middle class.
I'd like to see more good paying jobs in the U.S. And, yes prices for goods are too high. So why pile on tariffs, now? We know bringing manufacturing to the U.S. means reordering of supply chains and the building of manufacturing facilities. This won't be done in four years. It is a decades long process to say the least. Also, manufacturing locations are not driven by taxes or tariffs. The location of manufacturing is driven by access to markets and a lot of plants are not located in the U.S. because there are other great markets outside our country.
Its called price gouging.
Inflation has gone down in the last few years thanks to the current administration. Jobs have increased. Look it up. Price gouging has continued though
@@debwefox Yes, it has. Thank you!
Tariffs? What about what the current administration has done to prices and the cost of living? They screwed us, not the upcoming tariffs...wake up!!! No mention of this.
This Bloomberg interview with Douglas Holtz-Eakin, a center-right economist and the former Director of the Congressional Budget Office, goes more deeply into the consequences of the proposed tariffs on the current economy--which is still struggling under the weight of inflation. th-cam.com/video/lrNveegNr1k/w-d-xo.html
You can't be this misinformed. Inflation is always a monetary phenomenon. As in a central bank printing fiat always means Inflation.
Hmm. While it’s true that printing money can lead to inflation, it’s not the only factor. Inflation can also be driven by supply chain issues, surging demand, or rising global commodity prices, like we saw during the pandemic.
@Over50tv The pandemic...when the Fed printed three trillion dollars and shoved it into people's hands through "stimulus." Everything you mentioned is a consequence of those trillions.
Sure. Be the best 4 years to make money in the last 5 decades.
Time will tell.
He's getting rid of aged healthcare and going to push up the price of medication.
I remember what happen to prices in the last go around. It wasn't pretty.
Worse yet is how EACH administration just cuts interest rates and/or(!) prints more money and throws themselves a party. Imagine doing that with your credit card, and then telling the credit card company what the rate is going to be, all the while the original debt is still owed and with interest! A five cent pencil and costs twenty five cents is STILL just a pencil, that should cost five cents. 😂 Make that same pencil in the US today with NO foreign compensation to keep the price in check, and soon that pencil will cost $155.
As I can't afford to pay the $155, the pencil maker will soon be out out of a job. An absurd example? Well, cars are no different.
You lost a subscriber; you’re super un-informed
Sorry to see you go. But, uninformed? If you followed my channel for any length of time you know the opposite is true. Please talk to American Soy and Corn farmers who export to get their opinion. I can assure you they are informed on the subject.
Fear porn
Google what happened to the price of goods after the implementation of tariffs in 2018. Also, find out what farmers who export corn and soy have to say about those tariffs.
There are none so blind as those who refuse to see.
@@Over50tv So why has the Biden admin kept the tariffs in place?
@@carolperdue7534 If you are right. So be it. But if you are wrong, will you admit it?
@@SaveTheUnion95% of economists and actual prices from 2018/19 are wrong but the guy who bankrupted a casino is right, lol
Political rubbish. Goodbye.
Sorry to see you go. Here's a video about this topic from a right leaning source who may be more to your liking. th-cam.com/video/lrNveegNr1k/w-d-xo.html
Jgbot what’s wrong is the truth too hard for you to hear
Bye
It’s not political, it’s economics 101.
Boo hoo. I am DELIGHTED that oldsters are about to feel FAFO.
You know not all of us voted for the orange man, right?
@@debwefox Yes. In a first-past-the-post system with only two parties, that's what can happen.
Will there be another election? I don't know, but I do know that many, many of Permanent President Manson's voters will have left this world by then.
You forget about oldsters like me who did everything to put our kids through school, and NOT to buy "His" and "Hers" snowmobiles. My wife and I are stuck with a "Parent Plus" loan that we will never pay off for the rest of our lives. So GOOD LUCK to your generation running things when we're all gone.
@@w8lvradio Okay, boomer. Thanks for that $38,000,000,000 debt because of your tax cuts, soon to balloon even more. Good job!