Only 2 months in.
Gas prices, Inflation, CPI ALL LOWER IN FEBRUARY. Economy Already Better
- Thread starter Grokmaster
- Start date
Althea
Althea told me...
Oil prices spiked when tougher sanctions were placed on Russia by Biden. For no reason except Wall St. once again hit the futures market. Oil rose from app. $69/bbl to almost $80. With no increase in global demand, prices crashed to about $66/bbl two days ago. With almost no corresponding gas price reduction after prices rose $.10/gallon overnight with the oil price hike. Gas prices are NOT down to pre trump levels yet, and he has done nothing to reduce the price of anything.
Tweeting about a now dead pipeline project, or rehashing a John McCain catchphrase about drilling did nothing. The industry was at peak production when trump was elected, and next month OPEC+ will stop starving themselves and increase production a tidbit.
Inflation is not lower, at least not for long. trump's policies are all aimed at destroying the economy for his personal gain.
Tweeting about a now dead pipeline project, or rehashing a John McCain catchphrase about drilling did nothing. The industry was at peak production when trump was elected, and next month OPEC+ will stop starving themselves and increase production a tidbit.
Inflation is not lower, at least not for long. trump's policies are all aimed at destroying the economy for his personal gain.
Makeup some more bullshit, -per usual.
Tell yourself whatever you need to.
Althea
Althea told me...
I can't see your link?Makeup some more bullshit, -per usual.
Tell yourself whatever you need to.
Tbird19482
Verified User
Keep celebrating Trumps tariffs haven't hit yet,Only 2 months in.
He has backpedaled several times.
When he does put them on that is when the shit will hit the fan.
Diesel
Well-known member
The economy is better than what? Don't get me started on eggs. The stock market is collapsing. Global trade is telling Trump to go fuck himself. Unemployment is rising. Jobs are being eliminated. Inflation is not lower. Gas prices are steady. Grok, what stimulated your nonexistent brain to open this thread and what was the source for your claims?Only 2 months in.
Diesel
Well-known member
No no, you idiot fuck. Answer his counterpoints. Do you have any idea what this thread -- one that you created -- is even about?Makeup some more bullshit, -per usual.
Tell yourself whatever you need to.
Tbird19482
Verified User
Well on Friday a local auto plant laid off about 100 workers and told them if the Tariff on Canadian steel go into effect they should not expect to come back to work soon.
And again it might seem to be a small number to some people but it is still a fact like it has been for years for every one auto worker put to work there is something like 8 other workers in supporting industries that will be laid off and then there is a ripple effect from them.
This is not going to be good.
Diesel
Well-known member
No, it won't. Trump couldn't pass Macroeconomics 101, but his supporters are even stupider than he is, so we'll just keep careening off the cliff.
Tbird19482
Verified User
They are cheering now but as I said all of Trumps tariffs have NOT been put in place yet.
And with him pissing off a LOT of our old trading partners and allies they are fighting back and it only has started and is not going to be pretty.
Althea
Althea told me...
That's always been common knowledge, except for Republicans. Countless glass, upholstery, and machine shops will go under once you destroy the local auto industry.
We're also going to see the ripple effect from the thousands laid off from Fed. jobs.
Althea
Althea told me...
They are out to teach trump a lesson. They endured the first round of his schoolyard bully games. They are fully prepared this time. China stocked up on soy beans from numerous other sources when trump was re elected. trump flunked out of Wharton, but daddy bought him a degree. At least one of his professors referred to him as 'the dumbest goddamn student I ever had'.
He knows nothing about economics or foreign policy. Again...with a daddy that bailed him out of every failure, everything in trump and now Musk's life is a zero sum game.
That's not the way diplomacy works.
The bitter and unbalanced Lefties will do all in their power, which is great, to sabotage the Economy during Trump2.
I think they will fail, but they will do damage.
As a common, working class, American, when ever I hear someone crowing about economic problems during the Trump2 era, I immediately start looking for some mechanism the Lefties used to CREATE the economic Problem.
In the case of the price of eggs, and the killing of millions of healthy laying hens, the mechanism used was obvious.
Gods Damn the Lefties.
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I think they will fail, but they will do damage.
As a common, working class, American, when ever I hear someone crowing about economic problems during the Trump2 era, I immediately start looking for some mechanism the Lefties used to CREATE the economic Problem.
In the case of the price of eggs, and the killing of millions of healthy laying hens, the mechanism used was obvious.
Gods Damn the Lefties.
-
Althea
Althea told me...
Delusional
Tbird19482
Verified User
Lefties DON'T need to " sabotage " the economy Trump IS doing it all by himself.
Diogenes
Nemo me impune lacessit
Is that so?
"No news articles found for auto plant laid off about 100 workers and told them if the Tariff on Canadian steel go (sic) into effect they should not expect to come back to work."
Really?
The idea that for every auto worker employed, there are a specific number of workers in supporting industries who are laid off—such as the "one auto worker to eight others" ratio you mentioned—does not appear to be a well-established, universally accepted fact backed by consistent data over the years.
Instead, the relationship between auto industry jobs and supporting industries is more complex and varies depending on economic conditions, technological changes, and specific industry dynamics.
Let’s break this down.
Historically, the auto industry has been recognized as a significant economic multiplier. This means that jobs in auto manufacturing (like assembly line workers) support a range of other jobs in related sectors, such as parts suppliers, steel production, logistics, and retail.
Studies and economic analyses often estimate that each auto manufacturing job creates a number of indirect and induced jobs elsewhere in the economy.
For example, a commonly cited figure from organizations like the Center for Automotive Research (CAR) suggests that each job in U.S. auto manufacturing supports around 7 to 10 additional jobs in the broader economy, including suppliers and service industries. This is a positive multiplier effect, not a negative one implying layoffs.
Your claim, however, flips this narrative, suggesting that employing one auto worker leads to eight layoffs in supporting industries, followed by a ripple effect.
This could be a misunderstanding or a misremembered version of the multiplier concept.
There’s no consistent evidence in economic literature or recent data to support a fixed ratio where hiring one auto worker directly causes eight layoffs elsewhere.
Instead, layoffs in supporting industries typically occur when auto production slows down or jobs are lost in the core industry, not when auto workers are hired.
For instance, during the 2023 United Auto Workers (UAW) strike against Ford, General Motors, and Stellantis, the ripple effect was the opposite: layoffs in the auto sector led to job cuts among suppliers and related industries due to reduced demand for parts and materials.
The ripple effect you mention is real, but it’s usually tied to disruptions like plant closures, strikes, or shifts in production (e.g., moving from gas-powered to electric vehicles).
One possible source of confusion could be anecdotal or outdated claims from specific events, like factory automation reducing manual labor needs or offshoring displacing domestic supplier jobs. Automation, for instance, might reduce the number of workers needed per vehicle, shifting the labor balance, but this isn’t a fixed "one-to-eight" rule.
Economic conditions, trade policies, and technological shifts all influence these outcomes, making any static ratio oversimplified.
So, to answer directly: No, it’s not a fact that for every auto worker put to work, eight workers in supporting industries are laid off.
The more accurate picture is that auto industry employment tends to support multiple jobs elsewhere, and layoffs in supporting industries typically follow job losses or production declines in the auto sector, not job gains. The ripple effect exists, but it flows in the direction of economic interdependence, not a predetermined tradeoff like the one T-ball described.
T-ball, if you’re recalling a specific study or event tied to this "one-to-eight" idea, feel free to provide more details.
@Grok
Are you scared, crybaby?