Are you going to purchase at 25% price hike

[SWFan27]

1. Don't know and don't care. I just never saw anything like it there.

2. SE NM has been 'little Texas' for decades, and had Republican Congressmen as a rule (Ed Foreman, Harold Runnels, Joe Skeen, Steve Pearce). There have been two Dems representing all of little Texas since the 2nd CD got redistricted; the same R candidate, Yvette Herrell, lost twice. NM CD 2 also contains most of NM west of I-25 and south of I-40 - that part is heavily Democratic. My county, in example, has all Republican local elected officials - that's true across much of NM's 'little Texas.'

The Congressional redistricting done by the Democrats stole many historically solid Republican House seats in California in the 2024 election. And it was the reason there was no "Red Wave" in 2022. Plus, we just keep counting votes until the Democrat wins now in California. If it takes a month to count the vote and steal an election, that is just what we do now.

 

[LVSteve]

What did the protest accomplish?

If NM is red S of I40 and E of I25, how did Gabe, Teresa, both Dems, get re-elected? Apparently it's not as red as you say it is.

I suspect NM suffers from the same issue as NV, OR, and WA. There is a major population center that is always blue and outnumbers the rest of the state. Thank you, Earl Warren.

 

[A10]

Everyone's panties are all in a bunch. No one knows what the actual impacts will be, everyone is just guessing.

 

[SteveJewels]

Short term problem for long term gain. I can wait it out.

It is unfortunate that most people seem not to be able to grasp that.

The intent of the tariffs is to reduce sales of foreign made goods to pressure foreign countries to reduce or eliminate tariffs and import obstructions and import prohibitions on US made goods.

For many years Japan has outright prohibited the importation of US made cars. Other countries have similar prohibitions or severe restrictions.

I work in the airplane business. Big airplanes. I have qualified equipment for 787, 767, 727, A320, A350. While working on equipment to be part of the A350 I got to know a senior engineer from Airbus. We talked at length about how Airbus selects equipment suppliers for new airplanes being developed. He said he is prohibited from selecting a non EU supplier unless he cannot get suitable equipment from them, even if the price is higher.

The end result of President Trumps "Tariff War" will be awesome. The US will no longer subsidize the world.

 

[ladder13]

I suspect NM suffers from the same issue as NV, OR, and WA. There is a major population center that is always blue and outnumbers the rest of the state. Thank you, Earl Warren.

Take NYC and a few pockets out, and NYS is solidly red.

 

[otis24]

Driving a 2000 Chevrolet Silverado. It has 192k miles and runs great. I drive about 10k miles per year. I fully expect it to last me another 10yr/100k miles. Primary vehicle oils a 2016 Honda van with about 120k miles. Don't see why I can't drive it another 5 years.

 

[Jeff423]

It is unfortunate that most people seem not to be able to grasp that.

The intent of the tariffs is to reduce sales of foreign made goods to pressure foreign countries to reduce or eliminate tariffs and import obstructions and import prohibitions on US made goods.

For many years Japan has outright prohibited the importation of US made cars. Other countries have similar prohibitions or severe restrictions.

I work in the airplane business. Big airplanes. I have qualified equipment for 787, 767, 727, A320, A350. While working on equipment to be part of the A350 I got to know a senior engineer from Airbus. We talked at length about how Airbus selects equipment suppliers for new airplanes being developed. He said he is prohibited from selecting a non EU supplier unless he cannot get suitable equipment from them, even if the price is higher.

The end result of President Trumps "Tariff War" will be awesome. The US will no longer subsidize the world.

That ship has sailed. I doubt much manufacturing can/will be rebuilt in the next 2-4 yrs.

 

[Denverd0n]

Take NYC and a few pockets out, and NYS is solidly red.

True of a lot of states. Colorado seems to be solid blue these days, but if you get outside of the Denver/Boulder area it is very conservative. Problem is that almost half of the population of the state lives in the Denver/Boulder area. Minnesota likewise; take Minneapolis/St. Paul away and Minnesota is very conservative, but half the population lives in the twin cities so that dominates the entire state.

This, in a microcosm, is the problem that the Founding Fathers worried about when it came to Presidential elections. Their brilliant solution was the Electoral College, which works perfectly to force candidates to pay some attention to the people who live outside of the huge metropolitan centers.

 

[johngalt]

That ship has sailed. I doubt much manufacturing can/will be rebuilt in the next 2-4 yrs.

Yep. Business will just wait out the next 4 years. Why would a business make any decisions on taxes that are unconstitutionally imposed?

If Japan and the EU want to harm their own citizens, that is hardly our problem.

 

[biku324]

It is unfortunate that most people seem not to be able to grasp that.

The intent of the tariffs is to reduce sales of foreign made goods to pressure foreign countries to reduce or eliminate tariffs and import obstructions and import prohibitions on US made goods.

For many years Japan has outright prohibited the importation of US made cars. Other countries have similar prohibitions or severe restrictions.

I work in the airplane business. Big airplanes. I have qualified equipment for 787, 767, 727, A320, A350. While working on equipment to be part of the A350 I got to know a senior engineer from Airbus. We talked at length about how Airbus selects equipment suppliers for new airplanes being developed. He said he is prohibited from selecting a non EU supplier unless he cannot get suitable equipment from them, even if the price is higher.

We do exactly the same thing. If contracting for the USG, I can only use US airlines except in certain conditions. It costs you and I 2x-4x more than other airlines with comparable (or better) aquipment, routes, and customer service.

Buying 'stuff' for use in foreign countries? It's 'Buy American,' even when it costs more and stuff being bought can't be sustained in that particular country or region. A specific example - we had to buy Mercury outboards for donated 10-meter RHIBs for the Philippine National Police Martime Special Operations Units. These folks keep China from stealing Philippine fisheries, Abu Sayyaf from bringing in more terrorists via Sabah Province, Malaysia, and Indonesia. Because these boats were to be deployed in areas where high quality fuel is non-existent, the engines were constantly going out of service. We had to 'Buy American.'

Not buying that we're treated worse than we deliberately treat others. We also do trade protectionism.

 

[James K]

. The rest of the world is moving away from the US. BRICS and all the other nations joining it. De-dollarization and replacing the dollar as a reserve currency is going on. The petrodollar agreement didn't get renewed.

Globalization is disappearing because of our actions. BRICS was formed as a direct result of our actions.

I would think that you'd want finance, manufacturing, food, pharmaceuticals, fuel, produced here so we aren't at the mercy of other counties.

You don't have to believe me do your own research.

The ten BRICS countries now comprise more than a quarter of the global economy and almost half of the world's population.

That took ten seconds of research.

 

[GypsmJim]

anyone know where I can cash in 381 green stamp books I got from my grandmother?

Maybe your comment was in jest, but actually if you google it they can be redeemed online.

 

[GypsmJim]

Take NYC and a few pockets out, and NYS is solidly red.

Many people just don't understand that. If you drive outside of any city all you see are Trump signs. Yet, IN the city there are (or were) NO Harris signs.

The problem is that cities like NY City have SOOO many people that they overshadow the rest of the state. We need a state electoral college.

 

[326MOD10]

Everyone's panties are all in a bunch. No one knows what the actual impacts will be, everyone is just guessing.

I have seen the impact in the Markets. I notice that you are a law enforcement officer, so either retired or active, but either way do you understand where your pension fund makes money?

It isn't just from what you and your employer contribute. They invest that money and use the dividends to be able to mail out those checks every month. The contributions don't come close to covering the cost.

Since January 20th the Markets have lost 9.6 TRILLION dollars. Most of that in the last few days.

That doesn't include the money that individuals have lost and what is the time frame to earn that back into the accounts?

And if you are retired and this new tax is extra money we will need to pay, and at this point it appears it is, for how long will that last and what impact will it have on discretionary income?

Oh there is an impact even if tomorrow everything turns rosy again.

I get the idea of bringing manufacturing back to America. But do you really believe that the clothing and cheap goods we buy from places like Vietnam, China, and the heavily tariff taxed country in Africa (Sorry I can't recall the name) that makes Levi jeans, will once again be produced in America at a cost that you can afford?

We need to be looking forward and not rearward.

 

[ladder13]

Yes, I will continue to purchase whatever I need.

 

[03hemi]

If you were really a "Dave Ramsey cultist" you would say now is the time to buy. Everything's on sale.

It was sarcasm

 

[GypsmJim]

I have seen the impact in the Markets. I notice that you are a law enforcement officer, so either retired or active, but either way do you understand where your pension fund makes money?

It isn't just from what you and your employer contribute. They invest that money and use the dividends to be able to mail out those checks every month. The contributions don't come close to covering the cost.

Since January 20th the Markets have lost 9.6 TRILLION dollars. Most of that in the last few days.

That doesn't include the money that individuals have lost and what is the time frame to earn that back into the accounts?

And if you are retired and this new tax is extra money we will need to pay, and at this point it appears it is, for how long will that last and what impact will it have on discretionary income?

Oh there is an impact even if tomorrow everything turns rosy again.

I get the idea of bringing manufacturing back to America. But do you really believe that the clothing and cheap goods we buy from places like Vietnam, China, and the heavily tariff taxed country in Africa (Sorry I can't recall the name) that makes Levi jeans, will once again be produced in America at a cost that you can afford?

We need to be looking forward and not rearward.

Pension funds are required to keep enough money in the till to fund everyone in the fund. As we old guys die off the demand will continue to fall. Of course, if the SHTF and all pensions go belly up, that may be the least of our worries.

I propose that our gooberment pass a law that requires that when a product is advertised online for sale, they are required to post the country of origin. Personally, if I see a chinacrap item for 5 bucks and that's all there is, I guess I'll be stuck with it. But if a competitor shows a similar product "Made in America" for 10 bucks, I'll be happy to pay double (or in this case 5 bucks more).

It's all up to us. If we have a choice and decide to go cheaper, then just shut up and take the rest like a man.

 

[Onomea]

The American Entrprise Instute says:

...The formula for the tariffs, originally credited to the Council of Economic Advisers and published by the Office of the United States Trade Representative, does not make economic sense. The trade deficit with a given country is not determined only by tariffs and non-tariff trade barriers, but also by international capital flows, supply chains, comparative advantage, geography, etc.

But even if one were to take the Trump Administration's tariff formula seriously, it makes an error that inflates the tariffs assumed to be levied by foreign countries four-fold. As a result, the "reciprocal" tariffs imposed by President Trump are highly inflated as well....

President Trump's Tariff Formula Makes No Economic Sense. It's Also Based on an Error. | American Enterprise Institute - AEI

 

[biku324]

Not exactly a hotbed of liberalism.

"American Enterprise Institute (AEI), a private nonprofit American institution of research founded in 1943 by American industrialist Lewis H. Brown. One of the oldest and most-influential think tanks in the United States, it supports limited government, private enterprise, and democratic capitalism. Its headquarters are in Washington, D.C."
American Enterprise Institute (AEI) | Britannica

 

[biku324]

Pension funds are required to keep enough money in the till to fund everyone in the fund. .

That is not true for any active retirement plan I've heard of - pension funds take contributions in, pay benefits and admin costs out, and invest the difference.

Here's a common example. NM's public employee retirement association only gets contributions and investment income - not any general government funds. Last year they paid out $1.5 billion in benefits and took in $2.28 in contributions ($950 million contributions, $1.3 bn in investment income). They held $17 billion in investments 6/30/24, and made over 8% on the investments, which was far better than the 4.2% they earned in 2023.

If there was no additional income of any kind, they could only pay 11 years benefits to existing beneficiaries. Most pension funds' investment income exceeds that of employer/employee contributions. Annual Comprehensive Financial Report