Vance Reminds People the Economy Won’t Get Fixed Overnight
“Joe Biden left us — this is not an exaggeration Lawrence — with the largest peacetime debt and deficit in the history of the United States of America, with sky-high interest rates. You don’t fix that stuff overnight.”
Instant gratification is one of the significant issues of today’s society. We want what we want NOW.
That’s not how it works.
Vice President JD Vance addressed the issue this morning on Fox & Friends. He knows people want the tariffs to solve problems right now and see prices plummet this minute:
VANCE: “We’re doing a lot of things and already have done a lot of things to lower the cost of energy. You heard the president mention this yesterday. Eggs, when we came in, were at a 10-year high and all of a sudden they’ve dropped 60 percent just in the two months of the Trump administration. What I’d ask folks to appreciate here is that we are not going to fix things overnight.”
JONES: “Yeah.”
VANCE: “Joe Biden left us — this is not an exaggeration Lawrence — with the largest peacetime debt and deficit in the history of the United States of America, with sky-high interest rates. You don’t fix that stuff overnight.”
VIDEO – J.D. Vance on Tariffs: ‘We Are Not Going To Fix Things Overnight’ @JDVance1 https://t.co/VCkdbMeCUz
— Grabien (@GrabienMedia) April 3, 2025
Vance then explained the tariffs and manufacturing:
Well, if you go back a little bit, Lawrence, remember during the first Trump administration, everybody said that Trump’s tariffs were going to be inflationary back then. What actually happened? We had 1.5% inflation. We had the fastest growing economy in a generation, and we had the beginning of a manufacturing renaissance in the United States of America.
Then, of course, we had four terrible years of the Biden administration, but I think it’s useful for all of us to step back and ask us, ask ourselves, what has the globalist economy gotten the United States of America? And the answer is fundamentally, it’s based on two principles, incurring a huge amount of debt to buy things that other countries make for us. And to make it a little bit more crystal clear, we borrow money from Chinese peasants to buy the things those Chinese peasants manufacturer. That is not a recipe for economic prosperity. It’s not a recipe for low prices, and it’s not a recipe for good jobs in the United States of America.
For 40 years, we have gone down that pathway we’ve seen closing factories. We’ve seen rising inflation. We’ve seen the cost of housing so high that most Americans can’t afford to buy a home right now. President Trump is taking this economy in a different direction. He ran on that. He promised it, and now he’s delivering.
And yes, this is a big change. I’m not going to shy away from it, but we needed a big change, Lawrence. We cannot keep going down the Joe Biden globalist pathway where we have two trillion dollars of peacetime debt and deficits. We have manufacturing disappearing that is not working for Americans. We’ve got to take this country in a different direction.
.@VP on tariffs: “This is a big change — but we needed a big change. We cannot keep going down the Joe Biden globalist pathway, where we have $2 trillion of peacetime debt and deficits. We have manufacturing disappearing. That is not working for Americans.” pic.twitter.com/O2eHdSl0wc
— Rapid Response 47 (@RapidResponse47) April 3, 2025
Honestly…you know what is a better way to bring businesses back to America? Cut the red tape. Cut the regulations. Tax incentives. Tax breaks.
I hope that President Donald Trump’s tariffs are a positive negotiating tool. I hate tariffs, and I will always hate tariffs.
But tariffs are not enough. We must cut the red tape and regulations.
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Comments
As Musk said, do something or go bankrupt. That’s the thing about Trump, he does something. Rips the band-aid where others have wilted. Fortunately, he’s been proven right about many things. But TDSers expecting miracles will not be satisfied even by a miracle.
It’s worth stressing that the president’s “promise” to “reduce grocery prices ON DAY ONE” is a documented fake post, and an extreme promise that (even) Trump never made.
But he did promise to end the Russia/Ukraine War within 24 hours.
The Ukrainians are running short on cannon fodder.
Why haven’t you shipped out yet, Junior?
You take Trump literally but not seriously. We take him seriously but not literally.
TDSers aren’t expecting a miracle, they’re not operating in good faith.
Kevin O’Leary has a good take on tariffs.
The issue is not people being impatient for a fix but that the tariff policy is making the economy worst.
The market did not like yesterday.
The reason we could endure the deficits we have and be allowed to gradually fix it is because we are the reserve currency.
If our agenda is tariff tariff tariff and more tariffs we are looking at the ending.
The people involved in the stock markets in the United States is everyone, and the people who benefit from the dollar as the reserve currency is also everyone.
If what Trump wants is reciprocity he should eliminate the tariffs on Israel and Australia for reciprocity there, stop with the rhetoric that having lower taxes on the pharmaceutical industry is stealing American pharma jobs and start returning to good economic policies he had in his first term.
His second term he is perfect on social issues and cracking down on a mutinous government, his first term he was the great economics president but ignored essential issues he is now dealing with.
Why can’t we get the bets of both Trump terms and drop this stupid 18th century revival?
Please read this v e r y slowly, so you ~hopefully~
understand.
“Trump gets it, and now I do, too. This refers to ‘Globalism’ and is much simpler than we thought—and even uglier, if that’s possible. It’s all about money. It’s a global grift. Its entire goal is to preserve a rigged trade system, where the United States charges no tariffs, but every other country can slap tariffs, VAT taxes, currency manipulation, and non-tariff barriers on American goods. That’s it. That’s the whole scam. It’s not about international harmony.
It’s about keeping the U.S. market wide open (the “open borders”) while everyone else plants automated toll booths all along their borders.
Do see how that lopsided, asymmetric dynamic —no tariffs on US foreign trade but unlimited barriers to US goods— creates unlimited possibility for profit by insider élites who understand how to game the scam? It’s all designed for parasitic globalists to leech blood from ailing American taxpayer hosts and swank around Europe on our dime.”
Credit Jeff Childers Covid & Coffee
Canada did not have any meaningful trade barriers. The agreement it was operating one was literally one written by TRUMP in his first term and there is no allegation Canada broke it.
Trump was not elected to massacre the stock market he was elected to solve inflation.
The reciprocity is based on not just tariffs but other forms of protectionism like direct govt subsidies for domestic companies, indirect subsidies like govt provided healthcare, tax treatment and so on. Foreign gov’ts have built an integrated system of anti competitive protectionism to benefit their domestic companies and harm US exports.
The imposition of reciprocal tariffs (in fact at rates less than full impact) will hopefully cause other Nations to open up their own economies to competition to the same.degree the USA has done. Let’s get to an actual free market of competition without protectionist policies of any kind whether tariff, direct/indirect subsidies to business along with a set of common regulations on labor, safety, environment.
We’ve seen much larger drops in the stock market based on false news reports.
Outside the boogerpick cult-the economy was doing fine. Inflation was under control. Dow was kicking ass.. Unemployment was under control
Time for THE MORON to come to the rescue!!!
Lay people off with zero analysis . Infationary tarriffs. Exploding deficit as far as the eye as the eye can see.
You redhats can’t see it but Wall street sure can. Dow’s crashing . Gdp going negative.
Maybe if Vance got off his kneepads he’d see it to,
Seeing you triggered is actually becoming comical, even without the fake laughs you love so much. You are so angry. Your veins must bulge as you type. What you have shown is that you are the true cultist. It would be great if your neighbor drove Teslas.
Israel has 0% tariffs on American goods why is it included with the tariffs?
Could it be J.D. Vance is a horrible influence on Trump and he should get back to the tried and true good economic policies of his first term?
Could it be that you profess more about things than you actually know?
There.is a 10% universal baseline tariff on ALL Nations. This is to help offset the impacts of other protectionist policies than just tariffs such as direct or indirect subsidies along with raising revenue. Then there’s the issue of import restrictions on the amount of products allowed to be imported into Israel particularly agricultural products.
The Trump Tariff regime is aimed at reducing if not eliminating all forms of protectionism imposed onto US exports while using the 10% universal baseline tariff to raise pretty consistent revenue.
America is the king of subsidizing industries.
America by the way is more productive than it was in 1950. What makes a difference is modern machinery has reduced the number of people required.
By the way the mid west as a manufacturing capital did not die at foreign hands it died at the hands of southern states like South Carolina, Texas, and Alabama.
If you want to send the jobs back to the heartland those are Texan jobs, or South Carolinian jobs, or North Carolinian jobs.
We have been off of gold in practice since FDR and officially since Nixon. Trade deficits finance our debt, and in no way hurt the United States which has a much larger economy than any time in the 20th century, higher quality of life across the board, and frankly more opportunity.
33% tariffs that Israel has until now assessed on some U.S. goods.
Attempting to avert Trump’s targeting, the Israeli government on Tuesday abolished all tariffs on U.S. goods. It was not immediately clear whether
so they DID IN FACT HAVE TARIFFS AGAINST THE USA
1. They do not have any such tariffs today
2. So why tariff all Israeli products if it is reciprocal that means you just target the things in question
3. The board you are relying on is a lie it is not in fact tariffs it is trade deficits divided by imports
It also doesn’t matter Israel changed it to 0%. That should mean reciprocity for ours to also be 0%.
The market reaction to the tariffs reflect extreme scepticism that this isn’t just an attempt at autarky.
If it is autarky you could say goodbye to the dollar as the reserve currency and with that you could also say goodbye to America not going through a great depression because nobody on this planet gives a dam about our social security or any other social program the moment the dollar is not the reserve currency our extended grace on the budget deficit ends.
What is solid today is people on fixed incomes are being screwed over and people are having their savings zeroed out.
I do not know what internet fringes feel concerning Americans suffering but ordinary folk hate seeing that. Most Americans own stock the stock market hit is devastating to the United States of America.
FOAD douche
The stock market ain’t ‘the economy’. Ups and downs are normal but some forget that and only want the stocks to go up forgetting that there is a counter party selling when you are buying.
Personally I’m sitting on cash waiting on a far larger drop than this little squall. When the S&P hits 3500 or.so seems about right for buying in but not before… lots of mal investment and far too much speculation to drive out of the markets before we get back to reasonable valuations.
We are looking at something that can only be compared to the covid drop.
The market is in real time reacting to the tariffs. There is no other intellectually honest reaction to what is happening, it is eliminating the savings of the American middle class.
I wouldn’t expect you to have noticed, say, the extreme price inflation in things like gasoline, given the small quantities of it that you drink at any one time.
HIV1156 as Billy Clanton, Val Kilmer (RIP) as Doc Holliday in “Tombstone.”
“I know, let’s have a spelling bee!”
“Honestly…you know what is a better way to bring businesses back to America? Cut the red tape. Cut the regulations. Tax incentives. Tax breaks.”
Very true, these things need to come pretty quick. These current tariffs are not the end as Trump has always wanted tariffs for fair trade, not full on protectionism. Todays market snap shot is not ‘the market’ it is the market readjusting. I don’t think I remember a down market like this since about 2022.
He’s said so many things about his moronic tariffs you can’t be blamed for being confused He’s said they were stupendous revenue producers. He’s said they will promote domestic prouction. He’s said they will shut down fentantl. Blah blah.
But,…yer a rehat so —whatever he says today you’ll call awesome!! LAFFRIOT
The angry TDS cultist could not resist, having to come back and spew along with the tell of fake laughter, which evidences the anger even more. How predictable of a cultist. The tariffs only started YESTERDAY, brainiac. If the do produce the results he says, cultists with TDS will only find something else, and offer more fake laughs to epitomize their anger and fraudulence. Well done!
What’s a “rehat,” dumbass?
Is that when you pull a second hat down over that pointy head of yours?
We’ve been a fiscal mess for decades, it won’t be solved overnight.
hey you know what we need ? More spending and tax cuts = HUGE deficits! Just like THE MORON did his first term.
And he’s definitely going to do it again. How many times ? Really – how many times you going to fall for this conman’s bullshit.?
As many times as it takes to break you utterly.
There’s going to be pain and better to get it out of the way now than in fall of ’26.
There is going to be any pain.
This DOGE dog and pony show will be over in five minutes and you won’t notice a dent in federal spending And we’re heading for a recession so there goes revenues. Can you say DEFICIT
How many times ? Really – how many times you going to fall for this conman’s bullshit.?
Recession and collapse of the asset bubble was inevitable, that’s how cycles work. Despite the claims of its adherents MMT created the bubble. Can’t add $6-$7 Trillion of new money into the economy without it going into over inflated asset prices.
What the hell is a asset bubble?
Americans want an American quality of life if you asked someone if they wanted to have a massive trade surplus but they are weaving shirts and enjoying the quality of life of a third world undernourished…….
Americans want the high quality of life you are defining as assed bubble.
I want to spend less money like everyone else.
What is happening is killing to stock market.
Asset bubbles are “wealth” that doesn’t really exist.
It’s “fairy gold,” but these days it’s on computers.
Sure, you’d like more and more of that fairy gold so you can feel rich.
But when someone honest finally explains to you how worthless it actually is, you will get angry with him instead of the original scammers who sold it to you.
Then the wealth actually existed. Wealth from the stock market is based on real things being invested in.
Americans rely on their 401k.
Eliminating peoples savings on behalf of ideology is cruelty not economics.
Nobody knows how tariffs come out. It depends on what else is free to change and what is not free to change. Laws preventing raising prices will lock in today’s dysfunction, for example. And a lot of it may be a bargaining chip rather than a permanent policy, which is much different from what the stock market predicts.
Tariffs are like potholes in the shipping roads, raising the cost of transportation. If the other guy puts tariffs on your goods, the argument goes, that’s no reason to put potholes in your own roads. So no retaliation is the free trade answer.
But tariffs do more than that – they protect jobs, enable a foreign nation to export unemployment, follow an industrialization policy with subsidies, etc. So there’s more going on than GNP-improving.
If you badger price rises, you prevent local creation of production capacity, which already is at its final level with today’s prices. You need a higher price to open more factories. etc.
Tariffs but what else changes in the tariff discussion.
you said:
So no retaliation is the free trade answer.
except that you cant have free trade when there is the tariff(s) as your trading partners
then ,,in this reciprocal arena,, its called justice
fjb merely carried on the fiscal irresponsibility that the welfare state demands and has been approved time and again by “wee meaning” politicians
fiscal responsibility is not something to be left to the children
correction:
well meaning
If you asked the redhat Boogerpick crowd. -‘what does THE MORON mean by reciprocal tariffs?” – I would guess well over 95% would answer-” We charge them what they charge us?”
But hey . I tolllllllllllllld ya.
Finally the light dawns.
Sorry, Mister Krugman, we didn’t recognize you behind that alias.
tolddddddd ya. Hey -how’s that 401k of your doing ? LAFFFFFFRIOT
By the way the balance sheet released by the Trump administration was a lie.
It was trade deficits divided by imports the lie that those other countries had tariffs was just in order to justify murdering the American economy.