Peter Navarro says shrinking US economy is good news
Peter Navarro says shrinking US economy is good news
www.newsweek.com
Peter Navarro says shrinking US economy is good news
67 comments
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I'm horrified.....
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“I know we cut off both your arms, and while that may seem inconvenient at first, it’s a good thing because we helped you lose weight!”
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anything to avoid criticising an idiot
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If you live in the US and are not wealthy, stock up on rice, beans, lentils, and spices now. As much as you can reasonably afford. You will be glad you did.
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Build a garden box or two if you can afford it. Stupid easy to build and they can be fun.
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Domestically produced food shouldn't go up that much.
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Our domestic food supply is critically dependent on a number of tools and spare parts that will no longer be easily obtainable. A lead time of 6-7 weeks is the difference between a good harvest and no harvest at all.
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When all of the regulations go out the window, affordable or not, food quality is going to slide into the dumpster.
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If your competition cost more then you can raise your prices too!
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If the value of money goes down, prices go up.
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It will anyway, prices never really went back down after covid for a reason
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Either a bot or: Tell me you played sportsball in a small town highschool without telling me you played sportsball in a small town in highschool!
Whoever let gave you a passing grade in economics only did it so you could ahoot the game winning 3 point score.
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We had a 22 percent increase in domestic investment.
That's good, it really is, but that in and of itself doesn't mean much. Industrial production left the US for a reason. What's changed? The cost of living has only gone up, especially housing, which means the cost of domestic labor is still going to be much higher than many other countries, so how do these US producers plan to turn this new capital investment into a profitable enterprise? How are they going to profitably produce quality goods that Americans can actually afford? Are they only going to make luxury goods for the highest income Americans? If so, who's going to serve the middle and the bottom income levels?
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It is precisely like when Russia's currency tanked like a stricken submarine, which meant their PPP-adjusted GDP shot up the rankings and became one of the highest numbers in the world, which all the tankies promptly seized upon and used as an example of why the sanctions are actually helping Russia, by boosting its domestic economy, which is why everything is going great.
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The sanctions on Oil and Gas certainly were helping Russia because they are lacklusterly enforced but drove up the global prices, benefiting Russia.
By half assing sanctions, the EU and US helped bankroll Russias war chest in 2022.
https://energyandcleanair.org/financing-putins-war/
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Maybe slave labor. Or possibly something that actively steals wealth. Like, buying out mortgages then telling families to triple up in the house to cover less food and higher rent. Basically whatever you can imagine that makes things worse for most of us is probably the plan.
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If so, who's going to serve the middle and the bottom income levels?
Certainly not the government!
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who’s going to serve the middle and the bottom income levels?
And laughter ensued from the 1%
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Not a crazy thing to say if you don‘t particularly like the USA which I have to assume he doesn‘t.
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Or you're an environmentalist who knows we're literally cooked.
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Pretty sure he likes Russia more.
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For the billionaires planning on buying everything up to finish Russiafying our Oligarchy it's a great thing.
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That's because all bad news is fake news now, everybody deserves the freedom to choose their own truth! /s
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I expect that Navarro will be needing to do a "high prices are good news" bit once stockpiled goods in warehouses in the US also run dry.
If Trump thought that this statement would be a political winner, I suspect that he'd be doing it himself, rather than having Navarro doing so. Right now, the only thing that Trump's currently seeing net positives in the polls I've most-recently seen is his immigration policy. Not on the economy.
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Yeah good news for his boss Putin the rest of the world not so much.
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Peter Navarro is a quak
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So is Ron Vera.
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Blyat!
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And the sky is orange…
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The moment you realize you're getting a golden shower from Trump who didn't drink enough water.
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Hmm you should probably head to your basement if you have one if that's the case lolol
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67 comments