Market crashing

Quote: missedhervee

Why would an older married woman want a 'vette?

.

https://www.youtube.com/watch?v=tSIk1QvIM2E&list=RDtSIk1QvIM2E&start_radio=1

Quote: DRich

Did we get wifey a new Corvette? I am not a car person but I love that grey color on the Corvette.

She bought it. It is a ‘only 1000 made’ 2024 Stingray in ‘cacti green’.

She’s a bunch younger than me, and looks WAY younger. I’m sure I get the looks like I must have a really big……. wallet…….

She is a ‘car person’; I am not. She had corvettes in the past. As I’ve said, I’m happy with my Tiguan.

Quote: SOOPOO

She bought it. It is a ‘only 1000 made’ 2024 Stingray in ‘cacti green’.

She’s a bunch younger than me, and looks WAY younger. I’m sure I get the looks like I must have a really big……. wallet…….

She is a ‘car person’; I am not. She had corvettes in the past. As I’ve said, I’m happy with my Tiguan.

There is a female surgeon at the hospital who always drives a late model corvette. Another female surgeon drives a Porsche. Too bad both are married. The other doctors all drive the usual suspects: Beamers, Mercedes, SUVs and Audis.

Quote: GenoDRPh

There is a female surgeon at the hospital who always drives a late model corvette. Another female surgeon drives a Porsche. Too bad both are married. The other doctors all drive the usual suspects: Beamers, Mercedes, SUVs and Audis.

It’s a ‘me’ thing. I like having a newer car just for dependability. But never feel the need for ‘sporty’ or ‘luxury’. Two houses down neighbor has a Lotus. I think he drives it a few times a year. What’s the point?

I have a great idea to get the economy really booming:

Invest $100 billion in SNAP because it will generate $180 billion in economic activity. On second thought, why not make it $1 trillion.

Supreme Court heard tarriff arguments today
It's a tax on US citizens and only Congress has the power to tax the people
Hopefully the Supreme Court agrees
Prediction
Shutting down the tarriffs will be rocket fuel for the stock market
It would then zoom to a place it would have been if the Dems were in charge

Quote: terapined1

Supreme Court heard tarriff arguments today
It's a tax on US citizens and only Congress has the power to tax the people
Hopefully the Supreme Court agrees
Prediction
Shutting down the tarriffs will be rocket fuel for the stock market
It would then zoom to a place it would have been if the Dems were in charge

Ah, but there's a big "Oops" there: I read that if the tariffs are ruled unconstitutional, as being in excess of the oaf's power to order, then ALL monies collected need to be returned.

Returned to whom, exactly: the importers who presumably wrote the checks to the government or to the actual payors, the consumers?

Should be "interesting."

Quote: missedhervee

Ah, but there's a big "Oops" there: I read that if the tariffs are ruled unconstitutional, as being in excess of the oaf's power to order, then ALL monies collected need to be returned.

Returned to whom, exactly: the importers who presumably wrote the checks to the government or to the actual payors, the consumers?

Should be "interesting."

Quote: CNN

The Supreme Court on Wednesday contemplated the process for paying back billions in tariffs the Trump administration has collected, should the justices rule those duties are illegal.

“How would this work? It seems to me like this could be a mess," Justice Amy Coney Barrett asked Neal Katyal

The SC seem inclined to permit the tariffs partly because of the mess that refunding them would be. Wel;, I assert that should not be part of the consideration. If it's a mess, it's a mess of trump's making and his problem. If the bottom falls out of his strategy, then it's his problem that he built the strategy without foundations. Tough on him.
I reckon that only the actual paying importers get the refunds and it's up to them if or how they distribute such a windfall. After all, it was their problem how to raise the funds and some 'ate the charges.'

I suspect the SC will well fall short of demanding a refund, let alone ruling the tariffs unconstitutional. But if they do, the markets will go crazy.
Will the SC abdicate its responsibilities? Well, on recent form...

Quote: OnceDear

I suspect the SC will well fall short of demanding a refund, let alone ruling the tariffs unconstitutional. But if they do, the markets will go crazy.

Which is why the Dems want Trump to lose.

Party before Nation.

It depends upon how much of its authority to impose tariffs, Congress has delegated away.

The Tariff Act of 1974 grants the President the power to impose tariffs in response to unfair trade practices by other nations.

The Tariff Act of 1962 allows the President to impose tariffs where goods are imported to the US in such quantities or under such circumstances as to threaten or impair the national security.

There's also Emergency Economic Powers Act of 1977, which grants the President broad power to regulate international commerce during a declared national emergency.

None of which arguably apply to what Trump did.

But he's got a back stop in the USSC...they "owe him" and are "delivering."