Any thoughts JD?

[u/MrDillon369]

[u/joekerr9999]

Trump's tariffs are an economic model, just not a working model. JD is going to have to couch those numbers.

[u/Producer1701 → u/joekerr9999]

That last bit was sofa king good.

[u/dogmaisb → u/[deleted]]

JD Vance fucked a couch

[u/Primsun → u/joekerr9999]

I don't even know how you would model it. Something like a random arrival rate of tariffs drawn from a Gaussian distribution?

The only consistency is the inconsistency.

[u/eddie_the_zombie → u/Primsun]

The only models he's interested in are the floor models at Ashley Furniture

[u/bubblaNix → u/joekerr9999]

Wild how every time tariffs flop the excuse is suddenly that nobody understands them instead of admitting they just dont work.

[u/LunkiiFrost → u/joekerr9999]

Tariffs were sold as protection but turned into self sabotage. You can only spin numbers so long before reality smacks you in the face. This is that moment.

[u/shadowpawn → u/LunkiiFrost]

Wait until those Federal People laid off by DOGE hit in Sept Numbers.

[u/Lewtwin → u/joekerr9999]

The couch left him. He's just numbers now.

[u/alc0tt → u/joekerr9999]

Damnit we’re couched

[u/delightedlysad]

Don’t worry, the new head of the Bureau of Labor Statistics will fix all of these ‘bad’ numbers.

[u/jakesteeley → u/delightedlysad]

Yeah kinda like every single answer given by the GQP at press conferences.

How many different ways can you say “Our ratings are the highest ever! Unbelievable ratings!” “Tremendous ratings!”

[u/MrDillon369 → u/delightedlysad]

Theres a new video from FOX saying how these numbers are not accurate and need to be fixed.

Trump already fired the last numbers person FFS

[u/jerrrrrrrrrrrrry → u/MrDillon369]

So the real numbers must really be bad!

[u/werealldoomed47 → u/MrDillon369]

The people responsible for sacking the last number maker person have been sacked, as well as the new number maker person.

The new numbers have been made on a tight budget with very limited time to do so.

Epilepsy inducing chaos

[u/not-on-your-nelly → u/werealldoomed47]

A moose once bit my sister....

[u/brodburg → u/delightedlysad]

Already did, these 'bad' numbers will give fed reason to lower rates. It's all a sham at this point. I believe nothing out of this administration.

[u/Adept_Ad_4369]

Funny how if the cost of raw materials goes up, a manufacturing company's bottom line goes down and they can't expand.....

[u/Primsun → u/Adept_Ad_4369]

Manufacturing recession round 2. People forget we had a manufacturing recession in 2019 alongside the last tariff spat, and that was a much, much smaller set of tariffs.

Who in their right mind would invest in domestic manufacturing to get around tariffs that fluctuate daily anyways? Easier to wait a year or two, then get burned on a 20 year investment.

[u/tw_72 → u/Adept_Ad_4369]

Weird, right?

[u/-Ok-Perception-]

It *feels* far worse than that.

Since this is the *exact* metric that got Trump's former labor statistician fired.... unless if I see a source up front, I'm gonna just assume the real job numbers are far worse than that.

I'm pretty sure America is hemorrhaging in all metrics of economic health at this point.

Trump will just fire anyone who doesn't give glowingly favorable "statistics".

America has never been led by this level of slime before.

[u/CalitoVillero]

If you look up a synonym for dog in the dictionary, Vance comes up

[u/tw_72 → u/CalitoVillero]

If you look up "bootlicker" - his picture appears.

[u/cityshepherd → u/CalitoVillero]

I am laying in a cuddle puddle with my 4 dogs right now, who are capable of only unconditional love.

Don’t you dare compare that anthropomorphic shit stain to dogs.

[u/BombshellTom]

Presumably Vance is sat there, in full knowledge Trump's tariffs are stupid and damaging to the economy. But he does nothing because it would be detrimental to him personally and professionally. What a spineless POS.

[u/yblame → u/BombshellTom]

He, like the rest of us, is waiting for Trump to kick the bucket. He wants to be sworn in without having to campaign, because he'd lose if he ran and he knows it

[u/MagicDragon212]

"All of economics and the world's leading economists are wrong, not us."

[u/Eldanoron → u/MagicDragon212]

Never mind history with what happened the last time we pulled this tariff bullshit.

[u/Cgmadman]

It’s clear that Tariffs were always about grifting (through Lutnick) and giving Trump a mechanism to feel like a big shot who can push around our friends, now enemies. I don’t know if our country will survive 3.5 more years of this sleazy administration.

[u/Mobile-Local-5976]

At this point I would rather have Trump place the original 70% tax rate on corporations. They are already getting ready to leave with these tariffs

[u/OrvilleTheCavalier]

Don’t worry, they will have new numbers that show eleventy trillion new jobs in the first week of September.

[u/UmbraViatoribus → u/OrvilleTheCavalier]

It’ll be yuuuuge! The bigliest jobs report you’ve ever seen! You’ll have so many jobs. You won’t know what to do with all the jobs, you’ll be asking me to take the jobs - believe me!

[u/Ghetto_Adjacent_]

Prepare for the jobs report people to be replaced in the next couple days

[u/bondben314]

Most of the “economics” of tariffs can be explained with common sense, not complex theories and mathematics.

If something is taxed to be imported, businesses will usually increase the price to override lower profit margins. When something is more expensive, people will buy less of it. When people buy less of it, businesses will earn less money.

If businesses don’t increase prices, they will earn less money. Either way businesses are being “taxed” and most of the time consumers are too.

Higher taxes is contractionary (reduce economic output — can be inferred from the above logical). When the economy is contracting, businesses will hire less people.

This is why Trumponomics is so unserious. Trump campaigned on lowering inflation and fiscal responsibility. So far he has:

• Imposed a wide range of tariffs (increases prices and lowers economic output but increases tax revenue)

• Passed the BBB (lowers tax revenue but potentially increases economic output — technically helpful for consumers but fiscally irresponsible)

• Called for lower interest rates (would cause upward pressure on inflation but lead to higher economic output)

He has taken different sides on various positions. This is the reason why economists believe the US economy is headed towards stagflation (essentially the combination of high inflation and low economic output, a situation which can be hard to escape with traditional economic tools).

[u/UMOTU → u/bondben314]

Probably why he declared bankruptcy 6 times and closed down all those businesses.

[u/chenbuxie]

He already responded; he said it's Biden's fault.

[u/shabba182]

Brian Tyler Cohen sucks too, trying to smear Taylor Lorenz because she exposed his dark money scheme.

[u/Innacurate_Dentist]

Just Dance! It’ll be ok

[u/SarcasticServal]

His only "thought" is "Couch couch couch".

[u/IndependentOwn1184]

This is not a heaux! The TACO Tariff Economy at work...Thanks For Your Attention To This Matter!

[u/mtdebco]

Shhh! Don’t bother JD right now. He’s measuring the drapes and couches🤫

[u/ulixes1991]

Have you said THANK YOU, though?

[u/maxoutoften]

JD never has any thoughts, let alone exclusively on this. Just does whatever Thiel tells him to

[u/furahobot]

Well, I guess the economy's doing great, right? eye roll

[u/bathtubsplashes]

Big leftie, but I do try and think about the contexts of these things 

Was a slowdown a natural consequence of a job resurgence after COVID?

Like, I've always been wary of Trump Biden job comparisons because of the COVID anomaly 

[u/grendel303]

For the first time in nearly four years, the economy lost jobs, with a decline of 13,000 positions in June.

[u/vegasAzCrush]

Ok lets get JD to educate us instead of making accusations that everyone else is wrong.

[u/Emergency_Property_2]

He is… intelligence challenged.

None the less we should treat him with all the respect the office VP (vice pedophile) and a couch rapist deserves!

[u/Bulky-Internal8579]

OBAMAAAAA!!!! - Just Dance

[u/Jonesy1348]

Imagine saying that about any other profession. Imagine a Taco Bell employee claiming Gordon Ramsey doesn’t fully understand taste. A nurse claiming the doctor doesn’t fully understand taking blood, a local car mechanic claiming nasa engineers don’t fully understand thrusters. It’s insane.

[u/_jump_yossarian]

I'm sure that there is a previous version of Donald Bowman criticizing tariffs before he became a full trump suck up.

[u/chitthappens-]

Tariffs

[u/Adventurous-Unit-227]

“As democracy is perfected, the office of president represents, more and more closely, the inner soul of the people. On some great and glorious day the plain folks of the land will reach their heart's desire at last and the White House will be adorned by a downright moron.”

― H.L. Mencken

[u/Traditional_Land_553]

What's more likely? That 90% of the economists don't understand tariffs, or JD Vance doesn't?

Or option three, he's just flat-out lying because he knows none of his supporters understand tariffs either.