The trump regime was designed to TANK the US economy so that stocks, businesses, and industries can be bought by billionaires at rock bottom prices.
All is going according to plan.
“Ban all the things that you don’t own.”
Fret not, says the president, he is apparently playing chess while the world is playing checkers
He’s trying to treat the entire country like one of the casinos he bankrupted to screw over his creditors.
I’m sure he thinks he’s playing chess. But what he’s really doing is sitting in the corner eating the pieces.
If the world is playing checkers, then you’re an idiot for playing the wrong game.
A vivid and possibly accurate description.
I still think he is planted there to do as much damage as possible before he expires. Which would mean he is doing it all on purpose… Which then again would have to make him smarter than I give him credit for
Then if thats the case, this seems like a national security threat. Destabilizing the country through financial terrorism seems pretty felonious.
“(nervously) Uh… Uh… I’m actually an anarchist and have worked my way to the top for the purpose of dismantling the state. That’s why the state is falling apart. Yeah, that’s the ticket.”
“The president isn’t a number-crunching guy, per se, but President Trump strongly demanded big numbers that would make other countries treat us fairly. And I think you can see today that those numbers are huge,”
HAHAHAHA
The Narcissist’s Prayer
That didn’t happen.
And if it did, it wasn’t that bad.
And if it was, that’s not a big deal.
And if it is, that’s not my fault.
And if it was, I didn’t mean it.
And if I did, you deserved it.GOP presidents do this every time. Crash the market and the oligarchs buy it up for pennis on the dollar.
Yeah those bastards should let all of us buy stock with penis.
😂 I’m leaving it as it is, somehow still correct
I have some questions.
It also forces farmers to sell more of their products here in the U.S., to bring grocery prices way down. We’ve already seen this with eggs.
The absolutely stupid thing about this particular statement is that egg imports had risen to meet demand which was forcing egg prices back down. The tariffs are going to completely reverse that.
Also, plus, too we’re doing next to nothing about Bird Flu that’s killing the egg laying chickens and causing the shortage.
Also we don’t have any day laborers to plant and pick our crops this year beacuse they are all too scared/deported for the US to produce enough food for ourselves.
Lol fuck America depending on day laborers to subsidize low grocery prices. Time for all you citizens to get off your ass and head to the fields
Which they would do if the work paid a living wage.
Is that really your argument? If farms just increased their labor costs by 300-500%, we could all just be happily employed farmhands?
Yes. People are willing to do all kinds of tasks for money. If nobody wants to do a job it’s because you aren’t paying enough.
Well I suppose the future will prove one of us wrong
Millions of Americans voted with the delusion “Trump really cares about me”
The wealthiest 10% of Americans own 93% of the stocks. I’m glad to hear they’re hurting and not anyone else.
Trump is doing by accident things I’d never hoped to see in my life: The end of American hegemony, unification of Europe, the fall of the petrodollar, the elimination of the fake wealth on Wall Street.
But I can’t stand the motherfucker.
I’m glad to hear they’re hurting and not anyone else
Except when equities plunge it drives up borrowing costs. That impedes how businesses maintain and expand their enterprises, which puts downward pressure on employment and wages.
We’re also seeing a crash in commodities prices - particularly US exports - and energy demand, which is gearing up to wreck the O&G, automotive, and agricultural sectors.
It’s bad bad bad for everyone. A totally unforced error by Trump that will have huge negative downstream reprecussions for us all.
Trump is doing by accident things I’d never hoped to see in my life: The end of American hegemony, unification of Europe, the fall of the petrodollar, the elimination of the fake wealth on Wall Street.
Maybe. The US has been written off a few times before this and rebounded. And there’s no real reason to believe the current EU will be any less xenophobic, imperialist, or wreckless and wasteful as their American peers, given that they’ve been drinking as hard from the fascist well as the rest of us.
We’ll see what comes of it all. Maybe America will go quietly off into the graveyard of empires and swallow a bullet. Or maybe we’re come roaring back for one last nightmarish global thermonuclear Holocaust because we just can’t stand not being the center of attention.
Either way I’m good. Animals have had a good run. Time for the fungi to take over.
The MAGA fucks will drink this new batch of Orange Kool-Aid, mixed with Russian vodka.
I wish they would all drink the Jonestown kool aid
Flavor-aid actually, but in this case who cares so long as the solution is the same.
Trump would care. Kool-aid is expensive when compared to Flavoraid. Why do you think he eats McDonald’s when he could afford steak?
I had this thought the other day and this seems as good a place to leave it as any. Trump seems to be running the economy like it is a simplified version of the 1980s. Like the macho, bold, no compromise leadership style we would have expected from a white collar “hero” of that time period. As if that’s when he learned what a leader looks and acts like and never changed his mind. Absolutely no consideration for evolving culture or the infinitely more complex, interconnected world we live in. Let alone the complexity of the stock market, global trade, and US consumer economy.
Just oversimplified notions like, “We have to tear it down to rebuild it! You don’t have the balls to do something like that! I’m leader!”
Though, more likely he’s just dementia riddled and controlled by a foreign government and too dumb to realize any of it.
“Don’t worry about blank. Let me worry about blank!”
What I find most fascinating/hilarous about this is “leftists” up in arms about this. This is like the most far left thing you can do other than actually seizing the means of production.
I am not exactly a leftist but I find the tariffs wonderful. Consumerism is a pox on the nation, this should fix this.
Why are we opposed to exploitation and pollution here at home but are ok when China does it because it allows us to buy a year’s worth of clothes every week for the price of single ethically produced garment??
Over leveraged billionaires are in trouble, BIGLY. If this continues they will be margin called and forced to start selling their shit. Of course the flip side is that liquid billionaires will come out of this richer than before. Probably the real plan behind this.
Also can we talk about how much of the economy was just fantasy? Billions, even maybe trillions of dollars of our economy is simply speculative value backed by mass delusion.
Turns out Trump may be a tankie after all.
The one problem is that it will not yield results within 4 years, so it will cause a whole lot of pain only for whoever is in power next to reverse it as soon as they take office. Hell this might not last till the end of the week for all we know.
“The economy is bad, actually” is a wild take.
I think it’s the one thing everyone can agree on.
But you have to be aware that it depends greatly on your point of view of how economies should work. Do the dynamics of economics exist simply to push up the GDP or do they exist to create abundance and prosperity that everyone can take part off? The current economic system as it works simply exists to push up the GDP increasingly through financial alchemy, speculative assets and debt. Neoliberals will hold that this is good, but I’m not convinced because my eyes and ears tell me different. This is not a sustainable economic system, even if it looks good on the surface. Or more specifically it is not a sustainable economic system for the middle class. It is schrodingers economy in a way, good and bad existing in superposition.
This is why China keeps gaining ground, they plan for the long term and have high tolerance for short term pain. Their corporations don’t sweat a bad year, look at Huawei for example. An American company I think would rather sell of its assets and give every exec a gajillion dollars before going though the trouble of rebuilding themselves from being banned from one of their largest markets. Our corps only plan on a quarter by quarter basis, our government on 4 year terms, and entire organizations change plans on a bad day at the stock market. It’s frankly ridiculous how short sighted we’ve become, and our economy really is emblematic of that short sightedness.
I think, for ‘lefties,’ the trouble is that Trump is replacing progressive income tax with regressive consumption tax. Not that US tax structure was particularly progressive, but it at least pretended. Now, the low end of the income scale, living paycheck-to-paycheck, spending everything on goods & services it going to have to spend an extra 15%, straight to federal coffers, ,while corps get a 25% tax cut and billionaires get elimination of the estate tax.
It’s schadenfreude to see billionaires lose 10 or 20% of their wealth, but they still own all the factories. They’re still going to make money, and they will make up for production reductions by reducing workforce and eliminating 100% of many worker incomes. That is why all the economists are crying recession: consumption taxes reduce consumption, reduced consumption reduces employment, unemployment reduces consumption.
Right, that was a point I made in there somewhere. That the reality is that this will make billionaires more money which tracks with Trump. But even if that were somehow addressed the last part would still happen, it is a feature not a bug. The economic depression is necessary to burst all bubbles, and we have a lot of them, which in turn will make domestic production cheap enough that it is actually feasible. It does require the absolute implosion of markets and the destruction of all speculative wealth that exists in the system. The middle class will be the one to take the hardest hit in fact, not only because they will lose the value of their spending money, and their good paying jobs, but their retirement funds will be in tatters. Buuut if you see it through, at the end of the depression we should have a better functioning economy than what we have now. The problem is Trump simply does not have the spine nor the time to see it through and people really hate sacrificing the short term for an uncertain long term that doesn’t necessarily benefit them directly.
Anyways I think I rambled but I think the tariffs are actually a good very long term play if you are willing to cause a lot of shock and pain in the short term. We just don’t have the stomach for it, so maybe the artificially inflated economy is better. At least until the balloon pops anyways and we have no other choice but to suffer through the same depression but it is easier to stomach because there’s literally no other choice.
Correct me if I’m wrong, but I think i get the sentiment of what you’re saying. Tariffs can be good to bolster local production, and thus, local workers under the assumsion that businesses doing well is good for workers (I’m not convinced it is, at least I don’t think it’ s what’s best for workers. But let’s work within the limitations of the capitalist system here.
The problem is how USA is doing it right now. If you give a 10 year warning before implementing tariffs, while also allocating money to support growing the needed industry, you make sure the industry has time to adapt and make the necessary changes to accomodate the needed growth in production and educating the workforce.
None of that is happening. In fact, while putting in the tariffs, the workers’s jobs are threatened with an economic collaps. The outcome in this scenario is survival of the rich, who will survive a 99% loss in wealth and income just fine. While the most vulnerable, the working class and those even more vulnerable like the sick or handicapped, are asked to simply live with it, and hope to god they may some day be able to afford what they used to. Meanwhile the richest will keep buying all that the working class are forced to sell off, just to survive.
Tariffs aren’t necessarily bad, but in this implementation they’re absolutely catastrophic to the working class, and a sale to the oligarchs.
Right, that’s sort of what I meant but I always try to be a little more provocative because otherwise there’s no discussion. Tariffs are a good idea if you use them right, and plan on how they will be used strategically. I would still do it in a similar way that Trump did it, meaning it would apply to all countries but especially for those that keep wages low through exploitation and pollution, in such a way that the average cost of production in those countries for all major exports is the same as domestic production.
Consumerism is a pox on the nation, this should fix this.
Leftism is when you fix consumerism by rendering common people too poor to buy shit. What a take.
Why are we opposed to exploitation and pollution here at home but are ok when China does it because it allows us to buy a year’s worth of clothes every week for the price of single ethically produced garment??
Well, first off, these tariffs aren’t focused on China. They’re hitting everyone, including countries with better labor laws and more environmental regulation than the US, such as the EU. Second, the tariffs aren’t conditional on countries making improvements, like if you want to argue we should have tariffs based on emissions per capita, that’s not an unreasonable position (although we’d have to tariff ourselves somehow), but that’s not what’s actually happening at all.
Turns out Trump may be a tankie after all.
No, he isn’t.
Not too poor to buy things, only poor enough that you’ll consider it twice before buying another plastic piece of shit you don’t need off of Amazon. It’s absolutely messed up that the ONLY reason we can consume as we do is because we moved all the pollution and exploitation to where we can’t see it, so that we can consume with a clean conscience. I don’t know how you can defend this shit, because I can’t. If your country’s economy depends on the exploitation of the people of another’s that just colonialism disguised as free market trade.
China was an example because it’s the most well known one. Second I never said that the implementation was good itself, I just think the concept of universal tariffs is very much solid especially in terms of ethics (which Trump somewhat frames it that way, of course his intentions are both bad and not well thought out so it’s only superficial ) with the caveat that it results in short term destruction of wealth which depending on the point of view is not so bad. I at least don’t think the levels of speculation in our markets is good and anything that pops that bubble is a good thing.
I don’t know how you can defend this shit, because I can’t.
I’m not. Just because I don’t like Trump’s policies or approach doesn’t mean I’m supporting the status quo. They’re both bad.
I just think the concept of universal tariffs is very much solid especially in terms of ethics
Why should we place tariffs on countries with better labor laws where things are more ethically produced?
BASED
Part of a collectivist dream. Companies losing billions of dollars in a day, and self inflicted to boot.
Or what, you gonna cry over unrealized gains and imaginary money?
Beyond that, trump has talked about putting up tariffs since years ago. Hell I remember even Pelosi, Bernie and Biden did as well. So yeah this is just another negotiation chip.
Buckle up bois
Trump right now is a literal amalgam of Pelosi, Bernie Sanders and Obama. Dude is a Democrat from 1988-2008 lmao 🤣
You win the award for being the dumbest fucking Lemmy user. Congratulations!
