Jimdamick
Well-Known Member
Well, not exactly the entire US, but he seems to have found a new culprit, America's businesses and the Fed.
These are nitwits latest posts
“Badly run and weak companies are smartly blaming these small Tariffs instead of themselves for bad management...and who can really blame them for doing that?”
“Excuses!”
“We don’t have a Tariff problem (we are reigning in bad and/or unfair players), we have a Fed problem,”
“They don’t have a clue!”
He repeated his point later with reporters. “A lot of badly run companies are trying to blame tariffs,” he said. “In other words, if they’re running badly and they’re having a bad quarter or if they’re just unlucky in some way, they’re trying to blame the tariffs. It’s not the tariffs. It’s called bad management.”
The president’s outburst at businesses came a day after Americans for Free Trade, a coalition of industry groups, released a letter signed by more than 160 business associations asking him to postpone further tariff increases.
“Tariffs are taxes that cost American jobs and hurt consumers, creating a problem for the entire U.S. economy,” the group said Friday in response to the president. “The fact that companies find extra taxes as high as 30 percent challenging is not an excuse, it’s an economic reality.”
A number of large American companies have struggled with life under Mr. Trump’s trade war, and in recent days, several have reported or projected slowing sales and profits that they attributed to the tariffs.
Deere & Co., which manufactures agricultural equipment, said last week that it was cutting its profit forecast for the second time this year, attributing it to farmers delaying purchases for fear that they will not have as much access to foreign markets.
Best Buy lowered its revenue forecast for the year on Thursday, with its chief executive noting that major products like televisions and smartwatches will be subject to new 15 percent tariffs ordered by Mr. Trump.
“He’s got a substantive problem,” Mr. Holtz-Eakin the CEO of Best Buy said of Mr. Trump. “He’s proud of his fulfilling campaign promises — that is a centerpiece of his re-elect — and what he’s got with China is higher tariff walls on both sides, damage to both economies and the global economy and nothing to show for it.”
“The economy is doing great,” the president said on Friday. “The economy is amazing actually.”
We shall see how long that lasts, which it is beginning too look like not much longer, and all I know is that the timing is perfect for a major downturn which would finish Trump once and for all in the upcoming election.
Nice
These are nitwits latest posts
“Badly run and weak companies are smartly blaming these small Tariffs instead of themselves for bad management...and who can really blame them for doing that?”
“Excuses!”
“We don’t have a Tariff problem (we are reigning in bad and/or unfair players), we have a Fed problem,”
“They don’t have a clue!”
He repeated his point later with reporters. “A lot of badly run companies are trying to blame tariffs,” he said. “In other words, if they’re running badly and they’re having a bad quarter or if they’re just unlucky in some way, they’re trying to blame the tariffs. It’s not the tariffs. It’s called bad management.”
The president’s outburst at businesses came a day after Americans for Free Trade, a coalition of industry groups, released a letter signed by more than 160 business associations asking him to postpone further tariff increases.
“Tariffs are taxes that cost American jobs and hurt consumers, creating a problem for the entire U.S. economy,” the group said Friday in response to the president. “The fact that companies find extra taxes as high as 30 percent challenging is not an excuse, it’s an economic reality.”
A number of large American companies have struggled with life under Mr. Trump’s trade war, and in recent days, several have reported or projected slowing sales and profits that they attributed to the tariffs.
Deere & Co., which manufactures agricultural equipment, said last week that it was cutting its profit forecast for the second time this year, attributing it to farmers delaying purchases for fear that they will not have as much access to foreign markets.
Best Buy lowered its revenue forecast for the year on Thursday, with its chief executive noting that major products like televisions and smartwatches will be subject to new 15 percent tariffs ordered by Mr. Trump.
“He’s got a substantive problem,” Mr. Holtz-Eakin the CEO of Best Buy said of Mr. Trump. “He’s proud of his fulfilling campaign promises — that is a centerpiece of his re-elect — and what he’s got with China is higher tariff walls on both sides, damage to both economies and the global economy and nothing to show for it.”
“The economy is doing great,” the president said on Friday. “The economy is amazing actually.”
We shall see how long that lasts, which it is beginning too look like not much longer, and all I know is that the timing is perfect for a major downturn which would finish Trump once and for all in the upcoming election.
Nice
