Do you believe that Trump has an ACTUAL plan?

[rambot]

It didn't make any distinction. It just carped about billionaires making money playing the stock market. There's a huge difference between playing the stock market and having a 401k. And there's plenty of plain ol ordinary folks play the stock market.

That REALLY depends on how you define the term "plenty" and "plain ol' ordinary folks".

Again, it was the way that it happenned. IT's not really "playing the market" if the president is telling you when to buy and sell and then uses policy to force change, is it?

 

[ozso]

the stock market, the economists, his own party and sycophants. but your right, trumps way smarter then everyone else right?

Oh yes, please do make words up that I didn't say for me to argue with you over.

 

[loveofourlord]

Oh yes, please do make words up that I didn't say for me to argue with you over.

your the one that pretended yet again as all of you have, that it's just the media, and lefts that were causing the panic, and not the actual experts. everyone that wasn't in trumps office that had more expertise then trump will ever have on the subject said it was a problem. But sure keep pretending that trump was the only smart person.

 

[BeyondET]

yeah, 10% of tariff that targets countries wether the trade deficit is in the US favour or the other countries, thats not going to help jobs or anything.

It can increase domestic production, which increases employment.

 

[Say it aint so]

Are you saying you lost 100k in your 401k in a week? I really don't think you understand how a 401k works.

Stocks reached correction territory. That means a 10% loss. What about the rest of what I said?

 

[ozso]

That REALLY depends on how you define the term "plenty" and "plain ol' ordinary folks".

How many different ways are there to interpret that?

Again, it was the way that it happenned. IT's not really "playing the market" if the president is calling to telling you when to buy and sell and then uses policy to force change, is it?

Oh yeah, the latest conspiracy theory. What was last week's again? I'm gonna have to keep a list considering how fast one replaces the other.

 

[loveofourlord]

It can increase domestic production, which increases employment.

except those jobs be done by robots, so how does that increase employment hmmm?

 

[Oompa Loompa]

Oh...and this one right after....

View attachment 363433


I wonder if poor white men will be bothered that rich white men are gaming the system.
OR
If those poor white men will not care, as long as the browns are getting deported.

I am not sure if you knew that there are actually black men and women in congress too.

 

[ozso]

Stocks reached correction territory. That means a 10% loss. What about the rest of what I said?

You alternate between trying to lecture me and trying to grill me. I don't care for either.

 

[BCP1928]

It can increase domestic production, which increases employment.

Which increases prices but not wages.

 

[Say it aint so]

You alternate between trying to lecturing me and trying to gill me. I don't care for either.

LOL, I can't even have a normal conversation with you. Have a nice day.

 

[trophy33]

It can increase domestic production, which increases employment.

Do people really want manufacturing jobs, though? In basically all developed countries, these low paying and low/no career jobs are not wanted. Many poor Americans have two such jobs already and still have financial problems.

That is one of the reasons these positions were moved to less developed countries and the developed countries focus on research and other high skill, high added value jobs.

Focusing on manufacturing in a developed country, in this era of automation and robotics, seems short sighted.

 

[BeyondET]

except those jobs be done by robots, so how does that increase employment hmmm?

Robots don't biuld themselves or maintain themselves. And not every company will be going to robots

 

[wing2000]

No, I got your point, I just don't think much of it. Lets be realistic here, this is all really only about vilifying, not crying over a temporary slump poor people's 401k earnings.

Temporary? We have at least another 90 days of uncertainty....that will weigh on the business investment in America and the markets.
Prediction:, Trump will continue to wield the tariff stick for the remainder of his presidency....(unless Congress re-asserts it's power).

 

[BeyondET]

Which increases prices but not wages.

First people need to get a wage which bringing back some of the 90,000 manufacturing jobs the U.S. has lost over the years will help.

 

[BCP1928]

Robots don't biuld themselves or maintain themselves. And not every company will be going to robots

But the basic skill level required for even low level manufacturing jobs is increasing beyond the competence of our educational system. There will be few jobs for the functionally illiterate even if manufacturing does come back.

 

[BeyondET]

Do people really want manufacturing jobs, though? In basically all developed countries, these low paying and low/no career jobs are not wanted. Many poor Americans have two such jobs already and still have financial problems.

That is one of the reasons these positions were moved to less developed countries and the developed countries focus on research and other high skill, high added value jobs.

Focusing on manufacturing in a developed country, in this era of automation and robotics, seems short sighted.

Is that why no one works in convenient stores? You biuld a manufacturing plant people will apply.

 

[BeyondET]

But the basic skill level required for even low level manufacturing jobs is increasing beyond the competence of our educational system. There will be few jobs for the functionally illiterate even if manufacturing does come back.

That's were training comes in.

 

[SimplyMe]

There's no comparison between dealing with current cost of living expenses and a long term 401k. The only time someone really takes it in the shorts when playing the stock market (which a 401k is not) is when you buy high and the sock crashes, when you're doing short term investments. Long term investments that are years, much less decades old, aren't affected that dramatically by the highs and lows which come and go. Which you can expect plenty of in all the time you have until you reach 401k retirement.

While I'll agree that there is a difference between cost of living and a 401K, there is not when you are talking about cost of living and stocks -- even for some people who have long term investments. As an example, I'm retired and, despite having a "safe" portfolio (lots of "recession proof" stocks, bonds, etc) I still lost roughly 10% of my retirement account. Sure, with my long term stocks, it can be assumed (though not guaranteed) that in a few years) my retirement account will go back to what it was a month ago -- but I'll lose money and several years of time waiting for that to happen.

I'll also say that my baby sister heard a comment from a stock analyst, telling those who have stocks in their retirement plan something similar to what you are saying, with a caveat -- he said it isn't an issue if you are more than 5 years away from retiring, that in the next 5 years that the market should go back up and their retirement fund will be back to what it was. Of course, that doesn't help my sister, who plans to retire in the next 5 years.

The issue with your thinking is that you are not realizing that there are millions of Americans who are affected today, they are already living (or will be in the next few years) on those accounts, so that any loss is a loss in the income they are living off of. Worse, those losses look as if they are soon to be multiplied by inflation -- as the high number of goods we have been importing from China are "taxed" by 145% (and that could easily still go higher), with no good short term replacement for those goods.

We'll see what happens the rest of the year but, from how things look at the moment, this could be a very rough year for Senior Citizens.

 

[BCP1928]

First people need to get a wage which bringing back some of the 90,000 manufacturing jobs the U.S. has lost over the years will help.

No, it won't. Consider the following example: Lets say we buy most of our widgets from Elbonia because they can make widgets more cheaply than we can. If we put a tariff on widgets they will become more expensive to us. The higher price justifies capital investment in domestic widget factories. All perfectly resonable economics. The increase in widget prices produces the increase in return on capital invested in US widget factories. The result is that widget manufacturing returns to the US, which was the goal. But widget prices will stay high and worker's wages won't necessarily increase.

There is also a follow on effect: Our national debt is at least partially financed by foreign counties with dollars gained from trade imbalance. In this scenario, Elbonia will have fewer dollars to buy US debt and that will put upward pressure in the interest we pay on it.