Summary
Trump previously touted the stock market as proof of his success, but he’s now downplaying the stock market as markets tumble due his tariffs imposed on Canada, Mexico, and China.
The S&P 500 has lost all gains since Trump’s election.
Critics warn tariffs risk recession and manufacturing setbacks, but Trump insists on a temporary “period of transition,” claiming tariffs will eventually “make our country rich again.”
The White House insists Trump’s economic policies will succeed long-term, despite warnings from investors and economists of significant economic disruptions ahead.
At this point, I think it’s deliberate.
Crash the economy, let his buddies buy up stocks at pennies on the dollar, and then wait for the next President to clean up the mess.
Everything he’s doing is deliberate in order to weaken the US. He’s beholden to foreign powers who want to see the US fall, and he’s making it happen. Otherwise he wouldn’t be pulling out of Ukraine and closing USAID and destroying NATO/WHO. Republicans might make a lot of noise about those things, but we benefit from the soft power and the defense spending. If our allies start building up their own internal military, we’re going to see a bust in our military industrial complex, and generally that’s a republican darling. I’m not pro military industrial complex or anything, but there would be better ways to dismantle it than pissing off some of our longest standing allies. Additionally, deaths and pandemics are bad, but also bad for the economy. Even Republicans know that. There’s no reason to let measles and avian disease run rampant, even from a purely financial position. I have no idea why else he’d be doing these things unless he was purposefully speed running the fall of a nation.
It’s interesting that he’s pissing off the CIA and FBI. I can’t imagine that a bunch of trained investigators would have a lot of problems finding out the kompromat Putin is holding. And I’m sure there are a few people close to Putin who wouldn’t mind seeing it come out.
What possible dirt could Russia have on Trump that is worse than the public info we already have about his business dealings, associates, and strategies? He’s clearly the biggest piece of shit and his voters don’t care. I think he knows that. What would he be scared of coming out?
I don’t know, but I’d like to see it.
Next president? Clean up the mess? That step is not in the playbook my friend. This will continue until they die.
This will continue until
theywe all die.FTFY
Clinton cleaned up Reagan/Bush and Obama cleaned up Bush Jr. and Biden cleaned up Trump…
starting to notice a pattern??
And the orange dictator has said many, many times that once he is in office we will never have to vote again. Past precedence or decorum is out the window with this administration, he is consolidating power to the executive branch and getting away with it. If we have midterms, I will be genuinely surprised.
Something I said a million times before Election Day 2024. You might not like Harris, but you’ll be able to vote her out in 2028…
Clinton repealed Reagan’s tax cuts and the budget for the first time in memory showed a surplus.
Perhaps Trump can learn from him, oh wait he is more interested in throwing money at the rich.
The Federal Debt was almost paid when George Bush Jr. took office. The first thing he did was mail out tax refunds because “reasons.”
Two wars at once wasn’t enough to get him to raise taxes.
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As a millennial who graduated right around the Great Recession, the stock market collapsing is refreshingly mundane compared to all the other actions this administration has taken.
I mean I don’t WANT my eye plucked out, but it sure beats having my skin flayed!
“You can’t really watch the stock market,” Trump said in an interview that aired Sunday on Fox News. “If you look at China, they have a 100-year perspective. We have a quarter. We go by quarters.”
If you never stop talking, you’ll eventually say something true on accident…
That being said, the stock market isn’t going to rebound until midterms, and that’s only if Dems get some control back. Even just Republicans losing the house would make investors confident enough to enter the market again.
But when Republicans can do anything they want. No one is going to be investing, it’s too volatile
Good perspective. In 100 years, we are all dead, why need Medicaid and all.
I don’t think that’s his point. I mean like the person you are replying to says, Trump is absolutely correct on this. Planning on a quarter by quarter basis is awfully miopic and has resulted in a marked enshitification of everything because people sacrifice the long term for the short term.
I don’t think there’s evidence that his policies will have good long term effects, but he’s right that we need to start adopting a long term view when gauging economic performance.
I meant a big problem with our economy is focus on short term profits rather than long term growth.
It’s why so many American companies start out good, and then once they’re popular they start cutting corners and product quality nosedives and streaming sites add ads
The focus is on making numbers go up in 3 months no matter what, even if you know long term you’re destroying the company.
trump is just saying it because he doesn’t want focus on short term numbers because their bad.
It’s a “broken clock” thing.
You know what’s funny is on this very day 10 years ago, Xi Jipin used the same excuse to removed term limits for himself.
Based on where we are, i won’t be surprised this happens soon here.
The billionaires at trump inauguration have already lost $209 billion dollars…
He’s not gonna get the same support today that he got from them during the election.
In 3 years they’ll be more than ready to get rid of him.
They have no loyalty and only care about how much money they have, and if trump is bad for their numbers, they’ll drop him and try to get a neoliberal thru the Dem primary.
Trump in a nutshell:
Something going well = Look at this amazing thing I did that only I could have done. You’re welcome!
Something not going well = It’s not my fault! Biden, Democrats, deep state, liberals, China, swamp!!!
Hunter Biden‘s Laptop!!!11
Thanks Obama.
“a period of transition”
So, not all trans bad…?
Transitions for thee but not for me.
Wrong lens. They don’t have principles. They just like hurting people because it’s fun.
He’s buying. I guarantee it. He and all his cronies.
They misspelled “flip flopping.”
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