Numbnuts claimed it was due to his likely incumbency when there was an upward spike in the last few months of the Biden administration,so now that it is plummeting he is now laying the blame on Sleepy Joe
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Biden handed him one of the healthiest economies in the West with lowering inflation, good growth and solid markets.
Data included in a new report by the nonpartisan Congressional Budget Office (CBO) shows that America’s debt crisis grew substantially worse under President Joe Biden.
[quote=“UNKA2 post=241083 userid=937”]Data included in a new report by the nonpartisan Congressional Budget Office (CBO) shows that America’s debt crisis grew substantially worse under President Joe Biden.
[/quote]
As Bazza correctly stated,the Biden administration had made the best post Covid recovery in the developed worldafter inheriting a 8 trillion dollar debt and decimated economy,and now its in free fall due to idiotic policy decisions,so keep burying your head up that orange arse Unka,and keep watching Fox.
Biden handed him one of the healthiest economies in the West with lowering inflation, good growth and solid markets.
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As I previously stated,Numbnuts inherited a robust Obama economy first time around which masked his incompetence until COVID came around,and we all saw how he handled that.and now if the economy continues in its current downward trajectory,economists are now touting possible STAGFLATION,which will no doubt affect us in some way shape or form.
[quote=“UNKA2 post=241083 userid=937”]Data included in a new report by the nonpartisan Congressional Budget Office (CBO) shows that America’s debt crisis grew substantially worse under President Joe Biden.
[/quote]
Trump Term 1 39.2% Debt grew % of GDP
Biden 30.2% Debt grew % of GDP
Trump Term 1 39.2% Debt grew % of GDP
Biden 30.2% Debt grew % of GDP
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Gee Bazz,your hitting them with facts and raw data which will only serve to bamboozle them,and is almost blasphemy to the eyes and ears of a simpleton Trump cult member.
Here’s another “Art of the Deal” update,the Dow Jones has dropped 1500 points since the resumption of act 2 of the Orange Buffoons Clown show.
No Tariff exemption for Australia…what a great friend of Australia!
According to this chart put up by a reporter on the ABC Australia doesn’t export steel to the US it only exports 91,000 tonnes of aluminium, still significant but ranks only 4th behind Canada 3.5 million, China 245,000, South Korea 236,000 and Mexico just behind us with 89,000.
Will affect a company like Colorbond.
https://ozfooty.net/media/kunena/attachments/1749/20250312_081750.jpg
It looks like the US will have to import Steele and Aliminium for at least 3,years.
Until tthe local producers can retoole and build new plants.To meet Local production requirements.
That would be making local US producers incredibly nervious.What happens when Trump leaves the WH.
So if we are such a minor player in Aluminium exports why does Strumpet feel the need to punish such a loyal and long term friend. The US has a massive trading surplus with OZ so again why try and trash the alliance?
ps: Colorbond is steel so probably produced by BHP, Aluminium is mostly produced by Alcoa which is an American owned company so go figure.
What are we getting out of this so called special friendship with the US.
We just handed over billions for a submarine deal that will make them billions, send our troops to Vietnam Iraq Afghanistan..for what?
Tell them to go jam it.
[quote=“DD post=241108 userid=1749”]According to this chart put up by a reporter on the ABC Australia doesn’t export steel to the US it only exports 91,000 tonnes of aluminium, still significant but ranks only 4th behind Canada 3.5 million, China 245,000, South Korea 236,000 and Mexico just behind us with 89,000.
Will affect a company like Colorbond.
https://ozfooty.net/media/kunena/attachments/872/20250312_081750.jpg
[/quote]
Its worth about 2.9 Billion PA in trade to us.
I see Dumpty is going to buy “A” , singular, “TESLA”.
Must be the priciest car ever bought.He would have to have paid over $200 bil to the Musk Rat.
,
One thing for sure is we are all a lot poorer as a result of the Trump administration.
Probably done more damage to business, trade, investments, and global retirement savings than any other president in less than 100 days.
Hard to see how even the most rusted on Trump supporters can put any kind of a positive spin on this. Treating long time allies like shit.
Hard to see how even the most rusted on Trump supportes can put any kind of a positive spin on this. Treating long time allies like shit.
[quote=“Lathlain lad post=241130 userid=2855”]Hard to see how even the most rusted on Trump supporters can put any kind of a positive spin on this. Treating long time allies like shit.
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You would certainly think so… but they are Septics after all.
Stupid is as Stupid tell them.
The EU and Canada have imposed more tarriffs on the US.
About 20 billion from Canada
The EU tarriffs are more controlled with a massive amount of different products.
Steele,Aliminium Peanut paste,Bath robes,Dental Floss,Beef,Soy Beens,
.And the big oouch with a 20% tarriff on Harley Davidson who sell 200,000 bikes in Europe,each year.
[quote=“gtrxuone post=241109 userid=2215”]It looks like the US will have to import Steele and Aliminium for at least 3,years.
Until tthe local producers can retoole and build new plants.To meet Local production requirements.
That would be making local US producers incredibly nervious.What happens when Trump leaves the WH.
[/quote]
Well that is the point of these idiotic tariffs,if he is actually serious about forcing manufacturers to relocate to the US,it takes years to put the appropriate infrastructures in place.A pundit made the observation that Dopey must think you can buy instant inflatable car manufacturing plants from COSCO,as well as the fact he’s conveniently ignoring the US’s higher labour and productivity costs,relative to other countries.I’m starting to think the convicted felon and his drop kick springbok mate are deliberately tanking the markets,until he decides to reverse the tariffs,which would be the crudest form of inside trading the world has ever seen.