US Politics Thread 2021-24

[Buddahaid]

Originally Posted by AVGWarhawk

Drill baby, drill.

The US is already the top oil producer in the world.

[Dargo]

Originally Posted by AVGWarhawk

Drill baby, drill.

Yeah drill some bonds.

The head of Treasury trading at a major US bond manager said liquidity was “not great today” and explained that “market depth was running 80 per cent below normal averages” on Friday. “If a stiff breeze blew through the Treasury market today, rates would move a quarter point,” added Guy LeBas, chief fixed-income strategist at Janney Montgomery Scott. Friday’s Treasury volatility was accompanied by a drop in the dollar. A gauge of the currency’s strength against major peers fell as much as 1.8 per cent on Friday. Sterling, the Japanese yen and the Swiss franc all made significant gains.

https://www.ft.com/content/5b436a19-...a-94c0c8d83e0e

[AVGWarhawk]

Originally Posted by Buddahaid

The US is already the top oil producer in the world.

😃. Sweet

[Dargo]

Originally Posted by AVGWarhawk

😃. Sweet

About 35 percent of U.S. supply comes from international partners, compared to about 65 percent produced domestically. With Canada the biggest supplier of crude, 70%

[AVGWarhawk]

Originally Posted by Dargo

Yeah drill some bonds.https://www.ft.com/content/5b436a19-...a-94c0c8d83e0e

Your sour attitude is showing. 🤣

[Dargo]

Originally Posted by AVGWarhawk

Your sour attitude is showing. ��

You know who is dumping your bonds, yep exactly the ones you gave a 145% tariff, and they just started they have an F load of them.

Government Spending Continues to Climb Even as DOGE Touts Cuts

Federal spending is higher since President Trump took office even as the Department of Government Efficiency slashes contracts, cuts jobs and ends diversity programs. A Wall Street Journal analysis of daily financial statements issued by the Treasury Department found government spending since the inauguration is $154 billion more than in the same period in 2024 during the administration of President Joe Biden. DOGE claims cuts of $150 billion so far, but the Journal analysis found those efforts have yet to affect the bottom line. And while the government’s income—taxes and revenues including tariffs—is also up, it isn’t enough to keep pace with higher spending.

https://archive.ph/tMBuf
https://www.wsj.com/politics/policy/...eases-5903992d

[AVGWarhawk]

Originally Posted by Dargo

You know who is dumping your bonds, yep exactly the ones you gave a 145% tariff, and they just started they have an F load of them.

Do not care. China needs America buying the crap manufactured. That simple.

[Dargo]

No mater how the wind howls, the mountain cannot bow to it.

[Reece]

Originally Posted by Dargo

Nice for Australia!!
. . . but I wonder how long till we're hit by tariffs!!

[Buddahaid]

Originally Posted by AVGWarhawk

Do not care. China needs America buying the crap manufactured. That simple.

Not nearly as much as you think.

[Hawk66]

Originally Posted by AVGWarhawk

Do not care. China needs America buying the crap manufactured. That simple.

It seems like some of you don’t fully understand how economics works. On the one hand, China has been a major contributor to the wealth of the U.S. and the West in general. But on the other hand, many overlook the fact that China may now have the upper hand.

Contrary to what some believe, China doesn’t ultimately need the U.S. as a trading partner. I’d suggest visiting your local library and reading up on China—its history, its culture. These are smart people with a long-term strategic mindset that stretches decades into the future.

China is not a democracy. Even if it lost the U.S. as a trade partner and fell into a recession, the Chinese government would likely respond with more aggressive foreign policies—such as escalating tensions around Taiwan—in order to rally domestic support.

Your Donald is lying to you. The U.S. is far from independent. Just look at who holds U.S. debt. Compare that to Japan, where a significant portion of government bonds are owned by its own people.

It just doesn’t add up. Trump’s fanboys live in a fantasy world, and that dream may be coming to an end soon. One can only hope it doesn’t result in a financial crisis worse than 2009.

[Ostfriese]

Originally Posted by Buddahaid

Not nearly as much as you think.

The Chinese have already stated that their countertariffs are high enough to reduce all US imports to zero within a short time, so they won't react with another raise of tariffs.



I doubt, though, that the Trumpists understand that this means that this not only makes the US poorer, but also increases the trade deficit.

[Otto Harkaman]

In a twilight realm where whispers bloom,
Three croaking birds foretold of doom:
Ostfriese croaked in stately tone,
A herald of fate from lands unknown.
Dargo, with a raucous, bold decree,
Preached political woes by the old oak tree;
His words, like caws on autumn's breeze,
Warned of change with sardonic ease.
And then there was Skybird, high and free,
A somber soul of prophecy;
Each note a warning, stark and clear,
Of revolution drawing near.
Together they sang in eerie tune,
Under a political, pending monsoon;
A trio of croaks in the night so grim,
Foretelling a doom both dark and dim.
Yet in their croaks a playful jest,
A cosmic irony in fate’s behest—
For in their doom, so bold and brash,
Lurked hints of change amidst the clash.

[Dowly]

I for one hope that Trump doesn't pussy out from the China tariffs.

[u crank]

Originally Posted by Otto Harkaman

In a twilight realm where whispers bloom,
Three croaking birds foretold of doom:
Ostfriese croaked in stately tone,
A herald of fate from lands unknown.
Dargo, with a raucous, bold decree,
Preached political woes by the old oak tree;
His words, like caws on autumn's breeze,
Warned of change with sardonic ease.
And then there was Skybird, high and free,
A somber soul of prophecy;
Each note a warning, stark and clear,
Of revolution drawing near.
Together they sang in eerie tune,
Under a political, pending monsoon;
A trio of croaks in the night so grim,
Foretelling a doom both dark and dim.
Yet in their croaks a playful jest,
A cosmic irony in fate’s behest—
For in their doom, so bold and brash,
Lurked hints of change amidst the clash.

Pretty good.