Stock market is down

[jay trotta]

Rick Scott at the Republican National Convention©IMAGN
A discovery from the Department of Government Efficiency (DOGE) has revealed that $4.7 trillion in Treasury payments remain unidentified and untraceable. Sens. Rick Scott (R-FL) and Roger Marshall (R-KS) are aiming to solve the issue by introducing the Locating Every Disbursement in Government Expenditure Records (LEDGER) Act. The proposed law mandates the U.S. Treasury to implement a traceable system for federal spending.

So, just curious here, while BOTH Republicons & Democraps have been there for how many years? Neither party has noticed ( $4.7 TRILLION ) is missing and cannot be accounted for ???????

How much are we paying these clowns to run the country.........Shock & Awe........is an understatement

 

[KHS445]

Tell me Sir why people are dumping stocks.

Taking profits. Most longterm investors are still in the market. Much of the daily fluctuations are caused by short-term investors taking profits or day traders.

Granted most everyone’s portfolios balance may have dropped some, but how much has everyone’s portfolios increased over their hard cash investment? Did anyone that is complaining about the stock market dropping actually liquidate their portfolio and realize a negative return on their initial investment?

 

[J Grant]

In other news The US added 228,000 jobs in March, far more than expected, as the US economy shook off the blow from the Trump administration's deep cuts to federal workers. The figure was up from an adjusted 117,000 jobs added in February. Unemployment rose slightly to 4.2%.

https://www.theguardian.com/business/2025/apr/04/labor-department-us-jobs-report-march#:~:text=The%20US%20added%20228%2C000%20jobs,Unemployment%20rose%20slightly%20to%204.2%25.

This was good news; however, we need to see the job numbers in the coming months when the trade tariffs kick in and the employment figures include the laid-off fed workers.

 

[J Grant]

Rick Scott at the Republican National Convention©IMAGN
A discovery from the Department of Government Efficiency (DOGE) has revealed that $4.7 trillion in Treasury payments remain unidentified and untraceable. Sens. Rick Scott (R-FL) and Roger Marshall (R-KS) are aiming to solve the issue by introducing the Locating Every Disbursement in Government Expenditure Records (LEDGER) Act. The proposed law mandates the U.S. Treasury to implement a traceable system for federal spending.

So, just curious here, while BOTH Republicons & Democraps have been there for how many years? Neither party has noticed ( $4.7 TRILLION ) is missing and cannot be accounted for ???????

How much are we paying these clowns to run the country.........Shock & Awe........is an understatement

Phony - the 4.7 trillion was not proven by data - usual Trumpian exaggeration from the mouth of Elon- and the exiting Elon will be the fall guy for the false claims and fallout from DOGE .

 

[KHS445]

The short term impact of the tariffs will not be known for 6 to 12 months, and the true long term impact will not be known for years. We will most likely see trends, but the total impact of the projected manufacturing facilities and related employment being completely realized will be years. If the tariffs are a failure we will probably have a full understanding of the impact within 12 to 18 months.

 

[Carnivore]

Reciprocal trade agreements, which aim to reduce tariffs and facilitate trade between nations, offer benefits like increased trade volume, enhanced competition, and potential for economic growth, while also providing access to new markets and diversifying trade.

What are two major outcomes from the large US trade deficits?


The resulting deficits have contributed to widening income inequality and the stagnation of income and productivity growth in the U.S.

 

[Essexfenwick]

Tariffs are here to stay. The amounts will be negotiated.

 

[Carnivore]

I watched on fox s Victor Davis Hanson this morning, He explained the stock market reaction. He explained the Ruling class AKA Wall Street were not happy. He went on to say they don't like it because it helps the proletariat something like that You and me and all the other low life Citizens

I am exaggerating. They also had gulf shrimpers on today the guy said they were barely getting by because of shrimp being imported and the shrimper said regulations were crushing them but was not applied to the imported shrimp.

 

[J Grant]

I watched on fox s Victor Davis Hanson this morning, He explained the stock market reaction. He explained the Ruling class AKA Wall Street were not happy. He went on to say they don't like it because it helps the proletariat something like that You and me and all the other low life Citizens

I am exaggerating. They also had gulf shrimpers on today the guy said they were barely getting by because of shrimp being imported and the shrimper said regulations were crushing them but was not applied to the imported shrimp.

Do you ever watch any mainstream news other than FOX?

The stock market is not the ruling class; the stock market funds the 401k and savings of working folk and the middle class. Trump surrounds himself with billionaires and his tax code and policies benefit them the most, with crumbs thrown to regular folk along with a heavy dose of cultural BS to distract them from the fact that he is hurting them, not helping them.

If he cared about workers, he would have made their tax permanent and the corporate tax cut temporary. Instead, it was the other way around.

He would support universal health care or medicare for all and higher wages via unions, etc. His tariffs are an ego trip to restore a trade imbalance he blames for everything, as he also plans to spend, spend, and spend some more of every dime he cut from key government services.

You gonna volunteer to pay 20k out of your personal funds when the next storm hits NC to help local victims after FEMA is defunded or closed?

 

[Carnivore]

At the end of 2025, the individual portions of the Tax Cuts and Jobs Act expire all at once. Without congressional action, 62 percent of filers could soon face a tax increase relative to current policy in 2026. At the same time, the price tag for extending the 2017 Trump tax cuts is in the trillions

Budget Reconciliation: Tracking the 2025 Trump Tax Cuts

President Trump has called for permanent extension of the 2017 tax cuts, additional policies including no taxes on tips, overtime pay, and Social Security benefits for retirees, and has also promised higher taxes on US imports through a series of new tariffs.

taxfoundation.org