He needs to own the libbies, but libbies are expensive. He needs to force the price of libbies to fall so that he can purchase, and thus own, the libbies. duh.
There is that too. Maga world would love it if Trump sent in the troops to crack down on places like San Francisco or Chicago. Great ratings!!!!
The first one I think is pretty reasonable, actually. Rational pushback will increase as things become more dire and more apparent, demanding a faster grab for more (full?) control before rational avenues of reveral can be realized. ETA: I want to see demonstrations, but fear they'll turn violent and feed into the above.
I used to tend to think it couldnt just be stupidity, but then consider his ramblings on electric batteries and sharks and all kinds of nonsense he spoke of while campaigning.
Owning the libs is just what get's his hordes hot and bothered. He only cares about furthering his Kleptocracy for him and his cronies. Thinking about naming his cronies is what get's really scary.
I have no doubt he's as big of an absolute moron as he appears. But I also doubt all these actions are of his own making.
No one should be shocked by this since it is a given with tariffs and trade wars. For some perspective, Biden's admin saw a 27% decrease with the SP 500 in 2022, and it ended that year at 18% down. The overall idea is to see if we can bring back some manufacturing to the US or at least create more equal trading agreements. This could blow up in Trump's face, but I guess to democrats, don't do anything is a better idea. Getting screwed over is so much better.
He probably thinks he's the smartest guy in the room at all times and is surrounded by 100% yes men at this point. It could also all be naefarious. Nothing would surprise me
People expected tarrifs. What people didn't expect is tarrifs that last 24 hours. Get delayed. Get canceled. Etc. The market hates uncertainty.
I'm beyond believing in ignorance or incompetence at this point. This seems to be a deliberate reduction of the US power, both domestically and internationally. [change my mind guy with a coffee cup]
Yes, the market hates uncertainty. But I said before if the markets believed the full scale “across the board” tariffs Trump talks about you’d see a solid 5 figures off the DOW. The reason the markets weren’t going down much was they assumed there’d be lots of bluster and “exceptions” to tariffs. I guess the “crazy talk” is seen as more legitimately increasing risk and that has to be priced in but I still don’t think it’s anywhere near pricing in full tariff risk and obviously not financial collapse risk.
Market performed well under Biden and was still doing fine until Trump came along with his chaos. Tariffs, Doge, higher unemployment, Ukraine uncertainty, pissed off allies, VIX on the rise, etc etc sounds like a lot of folks are now getting screwed over.....and to what benefit. Mfg is not coming back and if it does iit will be isolated cases, bldg plants is a long time line.
Crypto is crashing, too, even as Trump tries to prop it up with “crypto summit” talk. See, all it took was Trump getting involved and people were finally like, ‘whoa, maybe this is a scam’….
Yeah - Manufacturing in N.A. is highly integrated. We've made the entire continent non-competitive in the global market. China is thrilled.
So the DOW has dropped over 900 points today. So how’s that making America great again thingy working out for everyone? Dow tumbles 900 points, Nasdaq falls 4% as market sell-off intensifies on recession fears: Live updates
The funny part of this claim: nobody actually specifically says how the US is "screwed over" by voluntary trade. Please tell me how free trade with Mexico and Canada "screws over" the US.
It's like the first thing you learn in international trade class. Trade benefits both sides. Otherwise, they wouldn't do it.
