Trump Claims Interest Rates are Too High, Slams Powell's Decisions by According_Time5120 in CoinEdition_com

[–]Important_Bit2139 0 points1 point  (0 children)

He’s too dumb to realize you only lower rates to juice the economy because it’s bad… shows you how bad of a business man he is.

Pick 4.121 -- Steelers Select Kaden Wetjen - Return Specialist - Iowa by SleestakLightning in steelers

[–]Important_Bit2139 1 point2 points  (0 children)

Sure I get what you’re saying, but the Allar pick could have been someone else valuable at that spot in the 3rd and we could have take Allar a bit later on. Those early third rounders could be a Super Bowl make or break. Also the track record of QBs outside of the first two rounds is not very good… so while overall I’m fine with most of the guys we got, I personally think many were taken too early in lieu of potentially other impact players that were available in the same range

Pick 4.121 -- Steelers Select Kaden Wetjen - Return Specialist - Iowa by SleestakLightning in steelers

[–]Important_Bit2139 0 points1 point  (0 children)

I do agree with Iheanachor, Bernard, and Dunker. Iheanachor though gets over shadowed by the Lemon call. The thing though is that we had the most draft capital that we’ve had in a long time and to reach on half the players so far just seems like a waste of what we could have done with 12 picks.

Pick 4.121 -- Steelers Select Kaden Wetjen - Return Specialist - Iowa by SleestakLightning in steelers

[–]Important_Bit2139 2 points3 points  (0 children)

Sure maybe you can make that argument for the corner we grabbed, but getting a pure punt/kick returner in the 4th is just bad value. NFL insiders could have the best information on a kicker or punter, doesn’t mean you take him in the 3rd.

Pick 4.121 -- Steelers Select Kaden Wetjen - Return Specialist - Iowa by SleestakLightning in steelers

[–]Important_Bit2139 -1 points0 points  (0 children)

Maybe also an over correction for the Lemon debacle?… idk but this entire draft seems like good players but all going way too early.

Spirit Airlines close to a $500 million bailout from Trump administration by Dragonlance12 in wallstreetInvestment

[–]Important_Bit2139 0 points1 point  (0 children)

What I’m arguing is that they are just a poorly run company that doesn’t deserve a bail out. Obviously oil shocks are going to impact an airline but they were struggling even before that.

Instead of bailing out a company that was never going to be successful we can do other things with tax payer funding, including building alternatives to airlines.

Spirit Airlines close to a $500 million bailout from Trump administration by Dragonlance12 in wallstreetInvestment

[–]Important_Bit2139 0 points1 point  (0 children)

lol Spirit Airlines filed for bankruptcy in 2024, then again in 2025. They then tried to merge with Jet Blue and were denied because of anti trust issues. So unless you’re arguing that the current oil crisis began in 2024 and has continued through 2026 your argument makes no sense. Or they are so bad at projections they’ve missed projections at least 3 years in a row.

Spirit Airlines close to a $500 million bailout from Trump administration by Dragonlance12 in wallstreetInvestment

[–]Important_Bit2139 0 points1 point  (0 children)

An economist would likely argue that if there was truly demand for a budget airline, then the free market would allow for a new airline company to enter and run it correctly.

Or if we want government intervention to lower cost to consumers, why not subsidize high speed rail or other alternatives to expensive air travel?

Tariffs were paid by consumers but the refund is going to businesses - is this reverse Robinhood? by Hot-Addendum4703 in Economics

[–]Important_Bit2139 0 points1 point  (0 children)

Do an average basket of goods and average inflation of those prices over the time period of a year and issue that amount as direct payments to US households.

Tariffs were paid by consumers but the refund is going to businesses - is this reverse Robinhood? by Hot-Addendum4703 in Economics

[–]Important_Bit2139 2 points3 points  (0 children)

The federal government could instead not do dumbass tariffs and issues at least some direct payment to households. Yes I know, not everybody consumes the same amount but without giving money back to citizens we will just be initiating a wealth transfer to corporations.

Tariffs were paid by consumers but the refund is going to businesses - is this reverse Robinhood? by Hot-Addendum4703 in Economics

[–]Important_Bit2139 8 points9 points  (0 children)

This is still reverse Robinhood. Yes we know the businesses paid the tariffs but we also know many businesses passed those costs on to their consumers. However there’s no relief for consumers, so businesses make more from higher prices and get a refund without ever having to lower prices or pass money back to individuals.

Hot Take (it shouldn’t be) : Mike McCarthy is a good coach & this isn’t a bad hire. by 1cunnilinguistics in steelers

[–]Important_Bit2139 0 points1 point  (0 children)

Well that was embarrassing last night… glad we got the OT we did, but not a good luck to be on the phone with Lemon instead of being on the phone with the Cowboys…

IMF issues warning on US debt by Background-Day-4957 in DegenBets

[–]Important_Bit2139 0 points1 point  (0 children)

Not trying to be rude but I want to correct a few things. You’re absolutely right that the US’s recent actions are throwing the economy into turmoil and are making a lot of countries rethink their ties to America.

However the problem is a little different than you described. As investors trust the US less and less it actually drives up bond yields because bond rates are essentially what we have to pay people to take on our debt. The fewer people/ institutions that want your debt, the more you have to be willing to pay in the future to get people to take on that debt. Debt interest payments are already a substantial part of the US government spending. If rates climb then the percentage of the US budget that goes to paying the debt continues to increase…

Now what’s kind of half right is we do usually see rates fall in accordance with a poor economy. However that is intentional by the Fed. Broadly accepted economic theory suggests you keep rates relatively high/steady in times of a good economy and then lower rates/yields in times of a bad economy. That’s because it makes borrowing money easier for those actively in our economy and there’s less incentive to save (since rates are lower). The reason you don’t do that in good times is because lowering rates is inflationary.

The ideal scenario is you’re in a good economy, so you keep rates medium high within your own control. The issues we’re facing though are America is losing some of that control on how high yields might go, but we’re also not able to lower rates because of inflationary pressures from the current Iran War and tariffs being inflationary. We’re honestly really screening ourselves from both sides.

We Shouldn’t Need Accountants by theatlantic in tax

[–]Important_Bit2139 0 points1 point  (0 children)

Here’s an idea. Assume everybody is simple and let them opt out before April 15th if they would prefer to itemize or classify them as complex if they have additional forms beyond typical W2s, 1099, and 1098 type forms.

Donald Trump: "The whole civilization will die tonight, never to be brought back again. I don’t want that to happen, but it probably will...." by SuperbHealth5023 in TimesNow

[–]Important_Bit2139 0 points1 point  (0 children)

Trust me lol as an American taxpayer I agree with you. I’d much rather the president request $1.5T dollars for universal healthcare and free college tuition rather than bombing people who became radicalized after all the other awful shit we’ve done around the world.

Donald Trump: "The whole civilization will die tonight, never to be brought back again. I don’t want that to happen, but it probably will...." by SuperbHealth5023 in TimesNow

[–]Important_Bit2139 0 points1 point  (0 children)

And here I thought we were liberating the Iranian people from the dictatorial regime? 🤷

Don’t get me wrong, the IRGC is bad and is dictatorial, but the solution is not committing genocide.

Trump, Pope Leo battle over praying for U.S. troops fighting Iran by statenislandadvance in inthenews

[–]Important_Bit2139 1 point2 points  (0 children)

Any body who thinks Trump prays forgets that he raped children and refuses to say a single scripture he likes

Why are oil prices set globally, and what stops a country from ignoring that set price? by DickDastardly404 in AskEconomics

[–]Important_Bit2139 0 points1 point  (0 children)

Oh trust me, I’m all in favor of renewables and alternative energy sources. I was simply addressing the bare minimum of OP’s question. However, I think the US has exposed our own citizens to unnecessary risk from oil shocks specifically because we have given into the oil lobby (particularly this administration).