4 ms·

That was the entire point of hiking interest rates, to slow down the economy and stop inflation. Tariffs are universally acknowledged to cause inflation, and we

That was the entire point of hiking interest rates, to slow down the economy and stop inflation. Tariffs are universally acknowledged to cause inflation, and we would be in a recovery path if it weren't for the delays that tariffs are causing right now. It is rather interesting to see the difference in standards of accountability for different presidents. Some are responsible for the economy even if its behavior is not sure to their actions. Others are not responsible for poor economic performance even when taking actions universally agreed to harm the economy.

jibal 1y ago
Let's be clear on who has these different standards: primarily Republicans, members of the party whose lifeblood is hypocrisy.
- blurbleblurble 1y ago
  They sold us out in the name of holy apocalyptic chaos and destruction
  - gdilla 1y ago
    All they had to do was prey on fragile white grievances, and it worked.
    - jibal 1y ago
      "If you can convince the lowest white man he's better than the best colored man, he won't notice you're picking his pocket. Hell, give him somebody to look down on, and he'll empty his pockets for you." -- LBJ
- Der_Einzige 1y ago
  Remember what straws they had to grasp at to critique obama? https://en.wikipedia.org/wiki/Barack_Obama_tan_suit_controversy https://en.wikipedia.org/wiki/Barack_Obama_tan_suit_controve...
  - spauldo 1y ago
    Remember the "terrorist fist jab?"
YZF 1y ago
GDP is still growing and inflation has come down. I agree tariffs contribute to inflation: https://www.frbsf.org/research-and-insights/publications/economic-letter/2025/05/effects-of-tariffs-on-inflation-and-production-costs/#toc_Conclusion https://www.frbsf.org/research-and-insights/publications/eco... Before tariffs, in the post-pandemic recovery, we also didn't see hiring go back to pre-pandemic levels. There are other forces like AI adoption. I don't have good intuition around the connection between tariffs and jobs. Yes, higher inflation may require cooling down the economy. But right now it looks like rates will be going down and anyways rates haven't really slowed down the economy that much. Inflation did come down. Inflation can have some benefits too for employers, it erodes the employee's salaries (and potentially other costs). If companies can raise prices and not pass that on to employees or to their suppliers (as they've seemingly done during this last inflation cycle) then it can be a win for them. A weaker dollar can also help US companies compete globally. If companies are doing well and growing, and they seem to be, why aren't they hiring more? The largest US tech companies are sitting on piles of cash and making huge profits, for some time now. Is it just that they've become more productive and need less people? Maybe they don't have anywhere to put more people towards? Maybe they're hiring outside the US (this one is not a maybe- they are). Is the uncertainty related to progress in AI? to other macro factors?
- esseph 1y ago
  Because they're terrified of the uncertainty of the long tail of the tariffs. It takes months and months to see the products of those.
  - YZF 1y ago
    But the change in hiring trends goes back to the beginning of the pandemic. This can't all be explained by tariffs. There is always uncertainty about the future but it seems there's been a shift in behavior across the board (CEOs copying each other is also a problem) that has been lasting many years. I guess you could blame it on Trump's first presidency if you really want to make this political.
  - mensetmanusman 1y ago

jibal 1y ago

Let's be clear on who has these different standards: primarily Republicans, members of the party whose lifeblood is hypocrisy.

blurbleblurble 1y ago
They sold us out in the name of holy apocalyptic chaos and destruction
- gdilla 1y ago
  All they had to do was prey on fragile white grievances, and it worked.
  - jibal 1y ago
    "If you can convince the lowest white man he's better than the best colored man, he won't notice you're picking his pocket. Hell, give him somebody to look down on, and he'll empty his pockets for you." -- LBJ
Der_Einzige 1y ago
Remember what straws they had to grasp at to critique obama? https://en.wikipedia.org/wiki/Barack_Obama_tan_suit_controversy https://en.wikipedia.org/wiki/Barack_Obama_tan_suit_controve...
- spauldo 1y ago
  Remember the "terrorist fist jab?"

YZF 1y ago

GDP is still growing and inflation has come down. I agree tariffs contribute to inflation: https://www.frbsf.org/research-and-insights/publications/economic-letter/2025/05/effects-of-tariffs-on-inflation-and-production-costs/#toc_Conclusion https://www.frbsf.org/research-and-insights/publications/eco... Before tariffs, in the post-pandemic recovery, we also didn't see hiring go back to pre-pandemic levels. There are other forces like AI adoption. I don't have good intuition around the connection between tariffs and jobs. Yes, higher inflation may require cooling down the economy. But right now it looks like rates will be going down and anyways rates haven't really slowed down the economy that much. Inflation did come down. Inflation can have some benefits too for employers, it erodes the employee's salaries (and potentially other costs). If companies can raise prices and not pass that on to employees or to their suppliers (as they've seemingly done during this last inflation cycle) then it can be a win for them. A weaker dollar can also help US companies compete globally. If companies are doing well and growing, and they seem to be, why aren't they hiring more? The largest US tech companies are sitting on piles of cash and making huge profits, for some time now. Is it just that they've become more productive and need less people? Maybe they don't have anywhere to put more people towards? Maybe they're hiring outside the US (this one is not a maybe- they are). Is the uncertainty related to progress in AI? to other macro factors?

esseph 1y ago
Because they're terrified of the uncertainty of the long tail of the tariffs. It takes months and months to see the products of those.
- YZF 1y ago
  But the change in hiring trends goes back to the beginning of the pandemic. This can't all be explained by tariffs. There is always uncertainty about the future but it seems there's been a shift in behavior across the board (CEOs copying each other is also a problem) that has been lasting many years. I guess you could blame it on Trump's first presidency if you really want to make this political.
- mensetmanusman 1y ago