Comment on Bernstein Posits That A 10 Percent Baseline US Tariff On Raw Semiconductors Is "Not Going To Do All That Much," But PCs, Servers, And Smartphones Are About To Get Pricier By ~40 Percent

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InvertedParallax@lemm.ee ⁨1⁩ ⁨day⁩ ago

He wasn’t successful at anything.

He slashed the corporate income tax and due to an effective amnesty on repatriation many large MNCs brought stashed offshore cash and cut R&D to register massive earnings for his last 2 years.

Ironically, this started to dry up right around Q1 2020… Then COVID drowned out everything.

His response was to just pump $4T to employers with almost no documentation, thank god we didn’t see a massive wave in inflation out of that.

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