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So.
Much.
Winning.
Apparently Chris, you are one of the billionaire class who isn’t really affected by Trumps torpedoing of what was a good economy. Retired people like me who depend on their hard earned investments are losing large amounts of money to a strategy that a six time bankrupt businessman has put in place. Pardon me if I don’t trust his “instincts”.
Mark,
Chris’ pst was sarcasm. Since my Senator won’t even respond with an automated email reply to my complaints. I am going to the protest at the Indiana Statehouse on Saturday 4/5, noon – 4.
https://www.mobilize.us/handsoff/event/766907/
No, Mark, I’m nearing retirement age watching my investments vaporized by an allegedly Wharton-educated don’t. I’m also watching another allegedly Wharton-educated chainsaw-wielding plutocrat (whose cars kill people and whose trucks just fall apart) fire all the people who will process my Social Security application for benefits next year.
So.
Much.
Winning.
Get it now?
Darn autocorrect turned DOLT into “don’t”
Behold the Trumpcession brought on by the Trump Tariffs.
He did what he promised. No excuses, no bailouts for any affected groups. Let the farmers feel the full wrath of what they voted for.
It is officially FAFO time.
+1
But he is doing it for us, just ask his highness.
Let’s just say he is doing this for the good of the country and that this short term pain is for the long term gain of the country as manufacturing jobs return in large amounts to the USA…..
-We are at full employment statistically. Who is working these jobs? We have no immigration right now, so its not them… (I’m not talking about the raids, just the shut down of incoming). Many of the jobs that people are longing for will be highly impacted by advances in robotics in the next 10 years. So… we’re clamoring to get back to a time that is less relevant than ever. Its not going back to the good old days… its just going backward as the world passes us by.
-The method they are using the calculate the reciprocal tariffs is not based off of economic rigor… at all. It’s a made up formula. Not only is it made up, it assumes all trade is reciprocal and all countries have like for like the same goods and services to balance. It’s insane.
-Manufacturing and supply chains would need 10 years to fully onshore jobs in a meaningful way. If you run a company highly based on manufacturing, are you going to make major capital investments… or just wait 4 years for Trump to be out of office?
This is like thinking you are playing chess, but you are really playing checkers… and the rest of the world knows you are playing checkers. We look dumb.
He may think he’s a chess master, but what he’s playing isn’t even checkers. Jarts, maybe. Or football without a helmet.
“ wait 4 years for Trump to be out of office”
He’s not leaving office, Ryan.
How many Congress, House and of Trumps rich buddies dumped their stock on Tuesday before the announcement? We’ll never know because he fired all of the investigators.
The propaganda machines are winning big time. AP, WaPo, NYTimes, Bloomberg, etc.
They are getting more clicks than normal and love it. This article and others like it, are continuing the fear mongering as they are so good at. Stellantis was going to layoff workers long before today, but waited so they could blame others. GM announced new US truck manufacturing today, as they understand the game plan. Wall Street panics because they knew it all had to adjust and now have the excuse. It’s all a big game folks and we,, the citizens, will hardly notice any real impacts, unless you had it all invested in the stock markets.
So the hard numbers from worldwide stock markets dropping is propaganda?!!?
That’s millions of people betting on how tens of thousands of companies are going to do under a new world wide trade war. If it’s propaganda, it’s got EVERYBODY fooled!
OR, we can use the principle of Occam’s Razor. The simplest explanation is the best. Trump is tanking the world economy, along with the USA’s place in the world.
The market doesn’t lie
Ding ding ding dummy. We have a ton of money in the markets because we’d like to retire and not greet your buddies at Walmart.
But at least Frump used good English and said he “could hardly care less, if prices went up.” Wonderful
The Kevins of the world always remind me of the Black Knight in the Holy Grail – “’tis but a flesh wound”. 62% of US adults have money invested in the stock market, thus 100% of us got to listen to Trump 1.0 remind us hundreds of times about how great our 401Ks looked. Market drawdowns represent setbacks for the same 62% – just an objective fact, not propaganda.
Admittedly, we don’t know how this will end in 4 years – or less than 4 years – or even if it ends in 4 years but things don’t look good right now. MAGAs hang on every syllable of brain vomit spewed forth from their orange idol’s mouth, insisting his fourth grade vocabulary is communicating 5D chess and nod enthusiastically like lobotomized bobbleheads to the newspeak and doublethink of right wing media puppeteers. The rest of us see a naked emperor approaching 80 years old….
Since my Senators won’t even give me automated responses to my complaints anymore, I am going to show up at for a protest at the Indiana Statehouse on Saturday, Noon – 4.
https://www.mobilize.us/handsoff/event/766907/
They don’t know what they’re doing. They’re smashing buttons and yelling nonsense but none of this is economic or foreign policy, it’s random hand waving.
I am beginning to think they know exactly what they’re doing. They’re crashing the economy so billionaires (many of whom got out of the market the last few months) can buy assets for pennies on the dollar, at the cost of most of our retirements.
That many of us will no longer be able to own houses or buy cars without paying a fortune in interest is another desired outcome.
It’s the ultimate in trickle down economics.
Unemployment went up to 4.2% today. That would have hurt the S&P500 by it’s self. I suppose it’s not news worthy yet.