Mark Levin Blasts Trump Taxation (Tariffs) of American Public

NebraskaFootball · 2018-06-13T15:24:24.990Z

Hellsbane:

No, the way to go is through renegotiation of trade deals. Threatening tariffs is a good incentive for the parties to grab their seat at the table. The US, as the #1 consumer country in the world, has far less to lose in a trade war.

True. But it is more than just a threat. They’ve been implemented. And while we may not lose as much as others, we still lose in a trade war.

Inflation is rising. Interest rates are going to climb as well. The market is hyper-inflated. Debt is being accrued at never before seen rates. Deficit spending is at an all time high. A decrease in the amount of money people have to spend, due to an increase in the costs of goods, from a trade war, coupled with the above, is a recipe for our economy entering another recession. Frankly, one that is coming one way or another. We are overdue for our next recession. A trade war only accelerated this potential.

wonderingrover · 2018-06-13T15:27:45.167Z

To be honest, as high as the stock market is, I am genuinely worried about just how bad it’s going to be when the bubble bursts.

NebraskaFootball · 2018-06-13T15:30:43.137Z

wonderingrover:

To be honest, as high as the stock market is, I am genuinely worried about just how bad it’s going to be when the bubble bursts.

As am I. And as someone else pointed out in another thread, when Baby Boomers start selling off their portfolios to fund their retirements, what impact will that have on the acceleration of the bubble bursting?

And less anyone mistakes this, I fully understand the market has zero to do with the President.

Roxiebelle · 2018-06-13T15:53:16.686Z

NebraskaFootball:

Levin has not in this regard. But yes, the Trump cult certainly has. And no way anyone could have predicted this one.

Anyone who actually listens to Levin would have predicted this since he has always been against tariffs & the possibility of a trade war, he has been talking about it for years so its no surprise to me at all that he disagrees with POTUS. And NEWS FLASH for all you lockstep liberals……. conservatives, constitutionals and many libertarians can disagree on subjects and issues without turning on each other like rabid dogs.

Levin and Hannity, along with Limbaugh will always be friends and in varying degrees all of them support President Trump because they all know he is and will be better then any liberal hairball Democrats cough up!

reflechissez · 2018-06-13T15:54:55.941Z

Hellsbane:

No, the way to go is through renegotiation of trade deals. Threatening tariffs is a good incentive for the parties to grab their seat at the table. The US, as the #1 consumer country in the world, has far less to lose in a trade war.

You act like we don’t export anything.

NebraskaFootball · 2018-06-13T16:00:10.823Z

Roxiebelle:

Anyone who actually listens to Levin would have predicted this since he has always been against tariffs & the possibility of a trade war, he has been talking about it for years so its no surprise to me at all that he disagrees with POTUS.

Of course. Because he is a fiscal conservative. Something that Trump is diametrically opposed to. Likewise with his supporters. They clearly believe that the government should tax American consumers and businesses more and more and more and more. Just like big government liberals. Birds of a feather.

biggestal99 · 2018-06-13T16:23:38.956Z

If Obama was was doing the Tariffs, Levin would be against and all the Rs here would be roiling against Obama.

But since its trump and he’s MAGA, he gets support.

weird huh.

Allan

biggestal99 · 2018-06-13T16:26:29.900Z

I generally disagree with Levin.

But he’s dead on here.

as momma told me a blind squirrel finds a acorn once in a while

tariffs and trade wars are lets all say together,bad despite what out beloved president says,

Allan

CaughtInTheMiddle · 2018-06-13T18:15:19.179Z

wonderingrover:

To be honest, as high as the stock market is, I am genuinely worried about just how bad it’s going to be when the bubble bursts.

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Hellsbane · 2018-06-13T18:53:52.387Z

We import far more than we export.

Hellsbane · 2018-06-13T18:55:47.012Z

Yea, you are right about us, thats why we got behind Trump in his tax increases… oh… wait…

wonderingrover · 2018-06-13T19:03:07.258Z

Hellsbane:

Yea, you are right about us, thats why we got behind Trump in his tax increases… oh… wait…

I wonder which will be greater - the income tax savings, or the increased cost of goods due to taxation by tariffs? Time will tell. The net effect on disposable income will be the best measure of where people actually are in the long run.

NebraskaFootball · 2018-06-13T19:03:09.798Z

Hellsbane:

Yea, you are right about us, thats why we got behind Trump in his tax increases… oh… wait…

Okay, then why did you get behind Trump and these tax increases on Americans and American businesses?

NebraskaFootball · 2018-06-13T19:04:34.731Z

wonderingrover:

I wonder which will be greater - the income tax savings, or the increased cost of goods due to taxation by tariffs? Time will tell. The net effect on disposable income will be the best measure of where people actually are in the long run.

Seeing as how we have been down this road before, we already know it is the increased cost of goods. And more than that, it will be coupled with a substantial loss of jobs across a whole slew of industries.

PeterGriffin · 2018-06-13T19:08:09.173Z

Illegal_Alien:

■■■■■■■■, many Liberals here have disagreed just because who said it or where it is coming from. big example is Trump he has done things that Liberals should approve of but because it is Trump they don’t like it.
Both Sides do it.

Example(s)?

wonderingrover · 2018-06-13T19:08:59.967Z

NebraskaFootball:

wonderingrover:

I wonder which will be greater - the income tax savings, or the increased cost of goods due to taxation by tariffs? Time will tell. The net effect on disposable income will be the best measure of where people actually are in the long run.

Seeing as how we have been down this road before, we already know it is the increased cost of goods. And more than that, it will be coupled with a substantial loss of jobs across a whole slew of industries.

Yeah, that’s kind of what I was getting at.

Although, I guess - looking at it from a different perspective, you have to have income to have income tax due. So, I guess that presents another way to save on income tax. Though, quite honestly, I don’t find that a good alternative …

NebraskaFootball · 2018-06-13T19:10:04.012Z

wonderingrover:

Yeah, that’s kind of what I was getting at.

Although, I guess - looking at it from a different perspective, you have to have income to have income tax due. So, I guess that presents another way to save on income tax. Though, quite honestly, I don’t find that a good alternative …

Perhaps that is what they are going with here?

Hellsbane · 2018-06-13T19:12:10.439Z

We need a new trade deal. The current ones are not working for us and costing us far more in our manufacturing base than any increase in cost of imported goods. Manufacturing incomes are a lot better than the incomes of bugger flippers.

NebraskaFootball · 2018-06-13T19:16:06.509Z

Hellsbane:

We need a new trade deal. The current ones are not working for us and costing us far more in our manufacturing base than any increase in cost of imported goods. Manufacturing incomes are a lot better than the incomes of bugger flippers.

Okay. So a new trade deal would require negotiations to achieve said trade deal. How does supporting an increase in taxation on Americans and American businesses achieve a negotiated trade deal?

Hellsbane · 2018-06-13T19:26:12.115Z

W
Leave it at " tariffs " and stop trying to push hype. Applying tariffs will work to force new trade deals with those countries that have been shafting us. Better than we currently have. Dwindling manufacturing, lower wages, higher cost of goods (due to THEIR tariffs and cost of goods caps they have our goods)