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angrychair

(11,131 posts)

6. That assessment is complete BS

Tue Aug 19, 2025, 09:54 PM

Aug 19

There is no way a competent economist created that analysis.

Amid the rise in effective tariff rates, we expect meaningful tariff revenue to generally offset weaker fiscal outcomes that might otherwise be associated with the recent fiscal legislation

Are they fucking kidding with that nonsense? What "revenue"? Its a tax. Its a tax almost exclusively paid by the middle class and poor.

Then there is this absurdity, the cherry on this shit sundae :

The ratings on the U.S. are based on its wealthy, diversified and resilient economy, with per capita GDP over $89,000 in 2025.

Come on, they are using per capita GDP as a measure of overall wealth? Doing so damn well knowing the top 5% hold as much as 60% of the wealth?
This report is full of half truths (at best) and very misleading metrics.

This report is specifically crafted to appeal to an audience of one. An audience of one giant orange pus sac.

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iemanja

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Highlight:

S&P holds U.S. credit rating steady, saying tariff revenue will offset weaker finances [View all] BumRushDaShow Aug 19 OP

also known as a VAT Henry203 Aug 19 #1

Sooo the tariff rebates might get here AFTER the DOGE checks? underpants Aug 19 #2

Looks like the S&P is as ignorant as TSF RainCaster Aug 19 #3

We don't know if tariffs will help considering no one will be able to afford to buy the products mdbl Aug 19 #9

That's an insane claim Prairie Gates Aug 19 #4

Ruh, roh! Looks like a load of B.S. coming our way. Buddyzbuddy Aug 19 #5

That assessment is complete BS angrychair Aug 19 #6

I'm not going to read this "assessment".. slightlv Aug 19 #7

"Tariff revenue" is also known as an oxymoron. ananda Aug 19 #8

Suddenly they like tariffs iemanja Aug 19 #10