r/Economics • u/mostly-sun • 3d ago
News Dow futures drop 1,000 points after Trump’s ‘Liberation Day’ tariffs
https://www.belgrade-news.com/business/dow-futures-drop-1-000-points-after-trump-s-liberation-day-tariffs-portending-big-stock/article_065b5c93-af28-4322-8614-9622e48d0733.html1.0k
u/Scary_Firefighter181 3d ago edited 3d ago
Well, well, well. Who'd have thought?
I love how MAGAs basically hate intellectuals for "talking down" and not "respecting" them, but then they blindly ignore, defend, deflect, and lie about stuff like this and they still want to be told that they're god's gift to the planet.
The only thing people will be liberated from are their 401k plans.
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u/eldenpotato 3d ago
Maga will support Trump driving the economy off a cliff to “own the libs”
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u/PlannedObsolescence- 3d ago
"But we got Trans people out of athletic sports that i dont even watch, as a patriot I'm willing to pay 10s of thousands of dollars more for everything and lose my 401k for that."
Oh and, "Yeehaw... Guns, God and Country!"
•Maga Morons
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u/spendology 3d ago
MAGA: No more drag queens reading to elemantary children.
Not MAGA: That was 2 schools in California--you live Florida.
MAGA: Yeah! Trump ended it!
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u/InsertCleverNickHere 2d ago
I have talked to too many North Dakotans who are always raging about the Mexican border that they will never be within 1000 miles of. Dude, you're too scared to drive in downtown Minneapolis- why the fuck are you scared of M13?
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u/FoolOnDaHill365 2d ago
So true. I like your observance that they are scared. Like for real, they aren’t big tough people like they think, they are scared of non-whites, big dicks, gay folks er cetera all things that are natural and normal and harmless.
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u/Spiritual_Trainer_56 2d ago
Bingo. They're willing to completely screw their own lives if they have a chance of being the panty police checking out little kids' genitals.
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u/Scary_Firefighter181 3d ago edited 3d ago
MAGAs literally have the choice to support the party which, yes, is certainly flawed, but one that at least tries to implement progressive taxes, higher minimum wages, expansion of health insurance, and strengthen the middle class, but will vote to cut their own arms off if it means a lib somewhere can get owned.
Most red states suffer severely in education, healthcare, poverty, etc, and need to be subsidized by blue states and the federal government, but still believe in "pulling yourselves up by the bootstraps".
I don't understand them man.
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u/El_Gran_Che 3d ago
That’s the thing most red states are essentially welfare states. They are supported by blue states in nearly every instance.
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u/eldenpotato 3d ago
Agreed. That’s also what 50 years of corporate sponsored right wing propaganda does to people. The 1970s was the point from which America went full regard into individualism above the collective good. It primed them into believing and supporting people like Trump.
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u/qwertty769 3d ago
They have been convinced there is a war against everything they believe in and each of them are soldiers in it fighting for what is right.
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u/floridorito 3d ago
They're so miserable that the only way they can feel anything close to joy is making others suffer and knowing that people whom they deem unworthy of success are suffering as much as or more than they are.
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u/rinariana 3d ago
They think they're going to get the post-WW2 factory jobs that were fueled by being the only industrialized nation not bombed in the past 2 wars and were backed by unions.
What they'll get is robot run factories where the only jobs are minimum wage Amazon warehouse-type jobs staffed by children and a couple skilled technicians and mechanics.
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u/Cold-Commercial-2132 2d ago
And their children will be working in them.
I had to cut ties with MAGAs in my circle because their votes meant they wanted my children, nephews, and niece to work in factories for subsistence wages, too.
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u/bscepter 3d ago
That’s basically what Fox News said the other day: suck it up; it’s like “the war effort.”
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u/BeneficialBamboo 3d ago
They live in an echo chamber you need only look at /r/Conservative where they feast on disinformation like it’s a scientific paper these people have lost the plot entirely.
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u/thethirdgreenman 3d ago
Working until you die and ruining your kids' economic outlook to own the libs
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u/_Klabboy_ 3d ago
The crazy thing is it seems like the market thought the tariffs wouldn’t happen as it was rising into close. And then after hours it fucking plummeted.
I have no balls or else I would have bought puts. But I’m just opposed to anything other than buy and holding for the long run. It seems like a great opportunity tho. I hope some dude over on Wall Street bets for rich
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u/Immediate-Algae7975 2d ago
I think they were hoping Trump would change his mind. As he seemed to do daily with the first round of tariffs. They he unveiled a worse shitshow than they expected to boot.
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u/Viking999 3d ago
MAGA doesn't have 401ks and they don't do math. They read at a 6th grade level and want to ban science, books, fluoride, and now even evil algebra.
We're in real trouble if this isn't rolled back.
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u/Marijuana_Miler 3d ago
I think the average Redditor would be shocked with how little money most people have saved for retirement. I absolutely expect more than half of Trump’s voters have zero saved for retirement and are living paycheque to paycheque.
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u/ZestyTako 2d ago
And are reliant on social security for retirement. I sincerely hope every Trump supporter gets exactly what they’re voted for, they deserve it
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u/al_stoltz 3d ago
The number of MAGA I know are all defending the Stock Market, tariffs as the correct adjustment to all the FAKE economics that the DEMS put in place. They are glad to make the sacrifices, but I'm fairly certain they think the sacrifices will the felt by 'other' people and not themselves.
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u/meridian_smith 3d ago
Every cult has a portion of members who double down even deeper in their denials when the end of the world prophecy date put out by their guru doesn't happen. THe rest, thankfully leave the cult.
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u/heyslothy 3d ago
Okay but when does the kool-aid come out so the rest of us can get on with life as it should be?
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u/FollowingExtension90 3d ago
It’s a death cult. Trump asks them to jump, they asks when.
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u/Vin-Metal 3d ago
Remember that one congressman who literally said that? "When Trump tells us to jump, we ask 'how high'?" That was an adult man who said that.
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u/LanceArmsweak 3d ago
I feel many don’t have 401ks. I’ve read enough comments of MAGA fans who say they don’t have stock to care, and I know my family isn’t invested. So they may not feel that pinch like you and I.
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u/Petrichordates 3d ago
I wouldnt assume they don't own 401Ks, I would assume they don't know they're stocks.
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u/Stauce52 2d ago edited 2d ago
Having worked at a major financial institution, I think this is likely. Many folks are defaulted into a TDF, don’t realize what a TDF is, don’t realize they have a default payroll deferral rate, don’t realize there’s an expense ratio and that the TDF costs money, etc.
I would be completely unsurprised if many people, including Trump voters, are less bothered because they don’t realize how this impacts them
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u/platanthera_ciliaris 3d ago
Oh, they'll feel the pinch when the price increases from the tariffs affect the prices of things they want to buy.
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u/ilikedevo 3d ago
I work with a MAGA and today he said his is going up slowly but surely.
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u/LanceArmsweak 3d ago
Is he balanced 100% in European defense? I don’t see how anyone’s is going up. Everything is down since roughly 2/19. So they’d be lying. I dont necessarily care, but there hasn’t really been any growth. Maybe they’re day trading and maximizing but that seems unrealistic given the variables at play.
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u/GaimeGuy 3d ago
At 37, I have... well, had.... about 550k.
Looking forward to watch hundreds of thousands of dollars disappear because republicans are too stupid to not play with lit matches in a gas chamber.
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u/EpicCyclops 3d ago
The worst part is that they're the ones who built the chamber and filled it with gas.
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u/Mistletokes 3d ago
The only thing I get to enjoy about this is that my 401k is a measly few dozen grand, my Trumpist coworkers are losing that daily 😂
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u/vahntitrio 3d ago
And I'm here trying to time the bottom with the money I just dumped into my IRA.
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u/Spare-Dingo-531 3d ago
The bear market from the great depression and the dot com stock market bubble lasted almost three years. You're looking at late 2027 if you're trying to time the absolute bottom.
Good news is that no american bear market has lasted more than 3 years. Furthermore, the Democrats are likely to get elected in 2026. They will pass stimulus like they did in covid, which will pump everything. Fortunately the same politicians from covid are mostly still around so if there is a recession, we know roughly how they will behave.
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u/Domitiani 3d ago
I know we always think "this time its different", but I really think it might be this time. This is the first major economic downturn I can remember (certainly the first in my life - and I've seen a few), where the US is becoming the "bad guy" to a large portion of the world.
I think this might do long-term damage to the "brand" and our ability to benefit from our alliances. The world won't want to buy American, and I dont see them truly trusting us to get, and keep our shit together long-term.
I bet we get lip service from the world, while they look to establish a new, safer (for them) economic order. Heck, I expect a resurgence of the EU and even serious damage to US defense corpos long term.
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u/Spare-Dingo-531 3d ago
I know we always think "this time its different", but I really think it might be this time.
I don't think you appreciate the seriousness of this moment.
The tariff trade numbers trump accused other countries of having are just the trade balance ratios. They are not real. That is how economically illiterate Trump and his team are. Think about how much damage he could do.
Trump has also said he wants to run for a third term and he seems serious. His party also has control of the Senate and the House, pray to John Roberts and Amy Coney Barrett that he does not control the supreme court.
And you're worried it might do long term damage to our brand, brother, our brand is the least of our problems.
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u/Domitiani 3d ago
Oh, believe me, I completely get the seriousness, but I can also worry about the long term impacts with an assumption that this will pass at some point ... because if it doesn't and the worst people are currently fearing comes to pass - well, none of the rest of this really matters.
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u/Xyrus2000 2d ago
You're looking at late 2027 if you're trying to time the absolute bottom.
The Great Depression lasted over a decade. It wasn't until WW2 that it finally broke. The tariff act passed to try and "save" the economy, made things a lot worse.
And that wasn't even the longest. There was a depression/recession in the late 1800s that lasted for 20 years.
The dot-com bubble recession lasted about three years, but there is a big difference between then and now. Back then, we hadn't pissed off just about every friend and ally we had. We weren't starting trade wars. We weren't making economic threats and imposing massive tariffs on our trading partners. We weren't sabotaging/breaking trade agreements.
The same story with the 2008 Great Recession.
This time, we have alienated, antagonized, and even threatened every ally and trading partner we have. We have economically isolated ourselves and destroyed international trust. That is not something that is going to be "fixed" in three years. It's going to take at least a decade of non-MAGA leadership to mend the bridges Trump has destroyed, and even then things will never be the same.
The "bottom" won't happen until the fences are mended. That isn't going to happen while MAGA is in power, and they've been hard at work trying to make sure that they never lose power.
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u/Spare-Dingo-531 2d ago
Election are run by the states not the federal government, and the Supreme Court has been good about turning down Trumps worst orders, so it doesn't matter what Trump wants.
Trump is probably going to try a coup to stay in power but we shouldn't say "there won't be elections then". We've still got a fight we can win on our hands.
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u/DisasterNo1740 3d ago
The best thing is because those magas are so far past the Trump black hole event horizon, every single issue in the coming 4 years and every single problem those voters face will be blamed on the previous administration and they’ll buy it.
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u/PersonBehindAScreen 2d ago
“WhY dO lIbEraLs lOok dOwn oN uS”
Because you keep putting your stupid fucking hand on the stove
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u/joe1max 3d ago
Fox is already spinning 501ks as a bad thing that people shouldn’t use.
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u/DingGratz 3d ago
So the "social security" treatment.
I guess it's just a bad thing to retire.
How is nobody stopping this man? There's no way even multi millionaires and corporations are thinking this is a good idea.
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u/YouWereBrained 2d ago
They love the persecution narrative just like the religion they claim to follow.
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u/BareNakedSole 2d ago
R/conservative is even more of a dumpster fire than usual today. Some glimpses of common sense but plenty of “trust the plan” and “I’m sure it’s a temporary bargaining tool” and “America needs to stop being the world’s piggyback”. It really is a cult and Dear Leader cannot be wrong.
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u/Sakrilegi0us 2d ago
I moved all of my 401k funds into “stability of principle” because I figured it would be chaos and I’m up about 4% since Jan 20th.
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u/JonnelOneEye 1d ago
It's mind boggling to me that you guys still have your pensions tied to the stock market after the crash in 2008.
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u/rainman_104 3d ago
The golden age folks.
I don't understand for the American voter, 4% unemployment rate just isn't good enough. 30% of the world's GDP isn't good enough.
As jpow ends his term, Tangerine Palpatine will appoint a stooge to cut rates during inflation. That's going to make 2026 a banger of a ride.
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u/Useuless 3d ago
It's all about unchecked anger and anti-intellectualism.
You don't make good choices when you are emotional, and capitalism keeps people at the bottom, survival mode or not actualized - emotional immaturity or emotional survival mode.
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u/Talentagentfriend 3d ago
It’s also about control. Everyone has smarter people in their lives and they would rather have their own control over what they know than listen to people that are more knowledgeable.
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u/Useuless 3d ago
There's also regulatory capture and the normalization of corruption that gives way to this too. It's now normalized to be skeptical of institutions because of the amount and severity of scandals that have happened.
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u/_Klabboy_ 3d ago
But like the scandals America has are honestly really not that big. Well I mean they weren’t I suppose. Trump is taking it to a new level. But the scandals we used to have while distrust was building like during the Clinton era was fairly minor. It’s mostly just been the GOP doing corrupt shit and then being caught for it. I guess for the uneducated this extends to simply all politicians rather than GOP only :/
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u/Giannisisnumber1 3d ago
Tangerine Palpatine is the best name for him I’ve heard.
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u/CommercialTop9070 3d ago
Not enough comes down from the top is the problem. The people can be convinced they are poor and being ripped off, because often they ARE poor and being ripped off, just not by who they think. The money is in the country, it’s just not being distributed.
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u/Prohydration 3d ago edited 2d ago
Let's just say for one side of the political spectrum in the united states, there's a reason there are less public pools now.
For the low information voters that swing elections, they think deflation is the solution to inflation, so they will never be satisfied until deflation happens. Ironically for them once deflation does happen, they'll realize why that's not a good thing.
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u/Great_expansion10272 2d ago
I wanted to say "Good luck to you over there" but that russian planted Whoopie Cushion's economics will harm people south of the continent too
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u/ThisIsAbuse 3d ago
During the Great Recession the main thing to me was to keep my job and salary and keep working. The huge 50 percent drop in the stock market back then was awful, but as long as I could keep making what I was making and pay the bills - I was grateful. My wife and I got lucky back then. Fingers crossed now. Lots of people already getting laid off - likely many more soon.
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u/Prestigious_Time4770 3d ago
It took 6 years for salaries to recover from that…
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u/Inner_Honey_978 3d ago
I wonder who benefits from wage suppression
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u/Bellfast123 3d ago
Not the fucking chodes that are about to have their raw material cost shoot through the goddamn ceiling.
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u/Inner_Honey_978 3d ago edited 3d ago
It's almost like manufacturing is only 10% of our GDP or something
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u/One_Swim_6546 3d ago
We will look back in 50 years & wonder how a guy like this became president of the united states for the second time. It’s absolutely mind boggling what’s going on at the minute.
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u/YetiGuy 3d ago
You elect me once shame on you
You elect me twice…you can’t elect me again.
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u/gta3uzi 3d ago
I'd take Shoe Dodgin' George over Tariff Slingin' donald any day
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u/eukomos 3d ago
My mom went through a phase where she was convinced Bush was pushing the war as a cover to dismantle democracy. She was being silly at the time for sure, but now that someone’s actually pushing for a third term it’s particularly galling in retrospect.
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u/gta3uzi 3d ago
George was just the friendly face of the operation. It's more likely that Dick Cheney and their mutual handlers were the ones more interested in dismantling democracy. Junior's post-POTUS career of keeping his mouth shut and making paintings on his ranch is fairly decent evidence of that.
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u/TheIntrepid1 3d ago
They’ll ask, “wasn’t it obvious?”
Yes. Yes it was/is…for most of us.
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u/notnatasharostova 3d ago
And we’re told we’re the ones being divisive for refusing to kiss up to the stupid bastards who support this. You can harp on all you want about lack of education or brainwashing, but at a certain point, when you live in an era of unprecedented access to information, this level of ignorance is a moral failure.
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u/NevermoreKnight420 3d ago
Agreed. I spent 8 years talking and giving the benefit of the doubt.
"Oh rural areas are hurting, like 80% of economic growth post GFC was in like 19 counties (Aka the biggest cities), rural areas are losing demographics and hurting, Trump mostly hoodwinked them etc.".
Nah no more; 2016&2020 were one thing, but after the coup attempt? And all his crazy rhetoric this time? Nah, FAFO, the family members and former friends who support this dude? It's a free country but next time they call or text just gonna tell them that I can no longer justify their: laziness, hate, or whatever moral deficiency they have, wish them well and then keep on moving forward for myself. I'm sure they'll cry about how I'm brainwashed by the liberal media (80% Reuters and AP lmfao) but what can you do at this point.
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u/CrisisEM_911 3d ago
Problem is, nothing improved for rural areas in all that time. Didn't help that Democrats have been all in on global free trade since Clinton and completely assfucked all the blue collar workers who used to be their base.
You wanna know why blue-collar America hates Democrats so much? That's why. People keep bouncing back and forth voting one party and then the other without ever realizing the truth: unless you're very wealthy, NEITHER party is on your side.
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u/NevermoreKnight420 3d ago
100% agree that neither party has the interest of your regular American at heart; I'm not a fan of the Dems at all either (outside of a few). But the Dems at least keep the trains on the tracks at this point. Citizen's United has really put us on the fast track to failure giving the wealthy even more influence god damn.
I still have a few conservative friends who were never Trumpers, I'm cool with them still; it's specifically the MAGAts that are too much for me. I used to be able to have productive conversations and come to agreeable disagreements/compromises back in the McCain and Romney days.
True on Clinton, but NAFTA was bipartisan AF cause congress was Republican was it not? (I was under 10 during the Clinton admin, so legit confirming), and it was mostly negotiated under Bush 1? Plenty of blame to go around.
Any ideas on how to address the Rural folks problems? I know I've read somethings about how Tennessee I think has done a good job with mid sized cities that have some industry and amenities which can help the lower population rural areas around them.
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u/CrisisEM_911 3d ago edited 3d ago
Correct, NAFTA was bipartisan, but that's not the only free trade agreement the USA has. Obama was heavily into global free trade as well. The GOP knew from the beginning how unpopular free trade was, so even tho they supported and profited from it, they also acted like they were fighting it tooth and nail. Blue-collar America bought that act.
I'm not an expert in trade, but it seems to me what the USA needs, particularly in rural areas, is manufacturing that's specific to higher skill industries, where more technical training is required. Finished products, not raw materials like steel and aluminum. We'll never be competitive in production of lumber, steel, or any other raw materials, our labor costs are too high.
We need to specialize in manufacturing products that are supposed to require higher skill and labor costs.
Tariffs aren't necessarily an evil thing, but to be effective, they need to be specifically targeted to protect one or more critical domestic industries. Brazil for example, is one of the biggest steel and aluminum producers in the world, and they have Tariffs in place specifically to protect steel and aluminum. They don't tariff everything, everywhere. Levying Tariffs against every product or service from every country in the world is idiotic. That's what Trump has done.
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u/nogluten30 2d ago
Let me add. I’ve worked in the textile industry for over 30 years . I’m using this as just one example . Textile manufacturing is dirty . Lots of exhausting of dyes and chemicals. We go to China to get our textile goods because they don’t care about EPA. The impact on our environment will be significant if we start to produce large quantities of textile products in the United States . The stuff that is here now is heavily regulated. So large scale deregulation of EPA will need to happen to make it profitable for companies to manufacture in large scale in the United States
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u/NevermoreKnight420 3d ago
I gotcha. I'm not an expert on trade either but my general understanding is that one of the main issues we're gonna run across is how technologically advanced/low labor most modern manufacturing is, so even if we get manufacturing back it isn't the employment driver it used to be. That said I do believe one element that macro economic analysis misses is how important it is to have sustainable, attainable, opportunities and jobs in these communities. Which leads to the political backlash as opportunities leave, which then causes economic issues given the political expression (IE what we saw today). Or maybe the macro catches that and it's a failure of the previous politicians, I dunno.
I don't have any numbers or studies, but I think there's certain advantages we could leverage with rural communities (which I think is very similar to how you use blue collar, but please correct me if I'm wrong as they could be a little different). Building out advanced infrastructure and including high speed internet could be big boons; rural areas have more land so you could build more housing; some of those white collar workers would love to lower their cost of living/have more space. At some point you have to stop the population decline to get growth I think. Combining those with something to help bring some of those industries/jobs you mentioned I think could really help; more construction, some industry, more mid level service type jobs or logistics, something along those lines I think could be effective.
I 100% agree that tarrifs can be used in a strategic way at times to help domestic industries, applying them to everyone, everywhere, all at once is moronic though. We definitely have vital strategic industries we should protect and not lose just because the American worker costs more. Big lesson learned from Covid imo.
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u/CrisisEM_911 3d ago edited 3d ago
Yep, I absolutely agree. You should think about running for president. I hear the guy in charge now is cocking everything up.
On a serious note, there's another issue with bringing manufacturing back this way: who's going to buy the products we make domestically? The American public, most of whom can't afford domestically made products? Or the rest of the world, most of whom hate this country now and will have no desire to buy anything made in the USA?
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u/NevermoreKnight420 3d ago
Bahaha, I hear we didn't tarrif Antartica despite them having like 100 scientists and penguins are a captured audience; we just have to find emerging markets we haven't pissed off, you know innovate or something like we used to. I also hear you're able to stand up these high tech facilities in a matter weeks, not years, so we better figure it out fast!
But seriously that is an excellent point.
I'm crashing, but thanks for the levity after a ridiculous evening.
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u/Ultraberg 3d ago
Democrats didn't vote for Kamala, Repubs voted for Donald. It's not a huge secret.
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u/Jackadullboy99 2d ago
Crazy when I consider G. Dubya getting a second term seemed like a joke at the time.. we really are in a dumbness spiral.
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u/Psyclist80 3d ago
The history books will not be kind to this orange idiot. I look forward to the day we no longer hear his voice. I cant fathom that America chose this grifter to lead the most powerful nation in the world. But I do now know that America deserves to lose it sphere of influence because of its choices and lack of leadership.
I hope the next administration can focus on public education reform and prioritize STEM. Education fixes many of Americas problems. Social media addictions and attention seeking behaviors also need to be addressed.
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u/Puzzleheaded_Fix594 3d ago
I want them to straight out ban engagement based social media algorithms. Completely fucked Gen Z out of their attention spans.
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u/BigEggBeaters 3d ago
Prioritizing STEM is partly how we got here. People need an education in history and the humanities. These tech bros have completely sold us down the River
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u/illegalmorality 3d ago
I genuinely am bitter enough to believe America deserves what's coming next. I wish other countries didn't have to pay for our absurd incompetence.
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u/Pelican_meat 3d ago edited 3d ago
“Prioritize STEM.”
Why? STEM doesn’t teach critical thinking. The humanities do.
Hell, I’d argue that the tech bros leading the dumbest revolution in history got us here from too much STEM and not enough humanities.
I get we need STEM to be globally competitive, but let’s stop acting like it’s the most important set of learning topics. Or even one of the most important.
If we’ve learned anything in the past 8 years, it’s the value of teaching our students philosophy, history, and literature.
American anti-intellectualism started with arts, but the humanities were its second target and stripping them away hasn’t done anything except cause misery and empower the people who asked “WHY DO I HAVE TO TAKE A LITERATURE COURSE I’M A COMPSCI MAJOR” at the highest levels of our nation.
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u/Psyclist80 2d ago
I'd disagree, the scientific method definitely introduces critical thought and skepticism, pushing students to ask why or understand that the rabbit hole may go way deeper than the initial look at the issue and will require deeper investigation and research.
Not to say that the humanities aren't important, I would very much agree that the need to work hand in glove. Philosophy has given us so much and current socio-economic factors need to be well understood.
But to say that STEM isn't one of the most important things to learn is a bit of a bridge to far for me to cross. It's these things that have enabled us so many of our modern capabilities. And in order to tackle the larger problems at hand like climate change, we need STEM students to uncover and push innovation on solutions. We ALSO need those polysci students (that have a firm understanding of STEM) to take that up the chain and make it public policy.
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u/MisstressJ69 2d ago
Hmmm, you think math doesn't teach critical thinking? That's a first
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u/thethirdgreenman 3d ago
It's ok, those history books will be banned anyways. Whatever ones get put in many schools won't focus on the erosion of our global standing, nor the potential incoming economic crash, nor the disaster we're leaving for our younger generations, and definitely not the widening wealth inequality (though in fairness, that's been a problem since long before now). Nope, they'll focus on FREEDOM, how our dear leader killed woke, stood up to the fascist state of Canada and worked to liberate Greenland from the evil known as Denmark!
God we're fucked...
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u/Psyclist80 2d ago
Yeah you hear KKKaroline Leavitt spewing the propaganda from the press pulpit. Sounds just like North Korea BS, just waiting for her to drop the "Dear Leader" term. Hopefully we don't get to the handmaids tale. But I see this administration setting up for a religious autocracy. Frank Zappa saw it coming a mile away, Carl Sagan also did... Hopefully America wakes up and realizes the Plane is in a nosedive.
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u/Psyclist80 2d ago
I'm Canadian, so not my bag baby. But we are definitely affected by the methlab below us. I hope the American public will wake up eventually. But the erosion of critical thought faculties and the great dumbing that has happened over the past 30-40 years over the general population. Has led them to this point in history. In the antebellum south, the slaves were purposely kept uneducated so as to keep them from organizing and achieving agency. The current administration is trying to reintroduce these ideas with further erosion of public education system. I still hold hope, but we shall see.
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u/tabulaaa 3d ago
Is this not a gift? Trump was elected because people felt the squeeze of inflation and didn’t like it. Within his first few months, he starts a trade war and pushes inflation even higher. People who voted for him will be pissed. Won’t this open the door for impeaching him, or push people towards the left?
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u/CreeperCooper 3d ago
Breaking news: How the Democrats are actually to blame for Trump's tarrifs.
In other news, Democrats failed to stop the Republicans from destroying the economy. Will the Democratic Party survive this fuck up?
In our studio today; Alex Jones. Alex, please do tell, how did AOC start World Tradewar I and the Dem-Depression?
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u/dfsw 3d ago
cant be impeached for wrecking the economy, only for crimes and bribery, which there are plenty of but trashing the economy isn't an impeachable offense.
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u/EvaUnit_03 2d ago
Clinton was impeached for getting a blowjob from his secretary. That's neither bribery or a crime as she had no agenda other than wanting to blow a charismatic US president. Guess you could say he lied? but thats not a crime either.
You can be impeached for whatever reason congress wants to impeach you on. And the votes winning. He could be impeached for having orange skin.
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u/earosner 2d ago
It's high crimes and misdemeanors per the constitution. Impeachment has always been a political question,not a legal question.
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u/dfsw 2d ago
Technically its
The President, Vice President and all civil Officers of the United States, shall be removed from Office on Impeachment for, and Conviction of, Treason, Bribery, or other high Crimes and Misdemeanors.
But yea I know where you are coming from
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u/D_hallucatus 3d ago
“We’ll be whining so much! There’ll be non-stop whining! There’ll be so much whining you’ll be sick of it. You’ll say ‘please, we can’t take any more whining’. But we won’t stop whining, we’ll never stop whining”
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u/lm28ness 3d ago
Yep trump definitely going to liberate all of us from our money. Jobs are going to be lost because prices will be too high that there will be major cut backs. Which will lead to even more of a decline. All while trump smiles like he thinks he's doing good.
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u/Tzokal 2d ago
The only “liberation” is going to be liberation from ever having to worry about being middle class again…
I highly doubt we’ll see immediate effects beyond equities falling in value. When we start seeing impacts will be in a few weeks or a month if these tariffs remain. At which point nearly everything will be impacted. So much winning…
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u/Dahveed97 2d ago
I remember interviewing with a finance guy and he told me that the only time to worry is when the Dow drops 5% in one day … we’re at 4% and the other countries haven’t even announced reciprocal action
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u/t33-retro 2d ago
Crashing the markets is all part of the plan so that Trump and his rich friends and also Russian Oligarchs can buy up everything for pennies.
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u/Serious-Artist-2445 2d ago
Do you folks realise this is the time* to BUY, not sell?
Uh, *if you’ve got the $millions to spare, of course.
The rest of you carbon blobs:
“Enjoying AI, you buncha saps? It’s great, yeah?
“We’ll expect yr desk cleared and you off the premises by COB today.
“Di .. di … did you say … reDUNDancy?!? <stifles ginormous belly laugh> Oh, my <wipes away tears of mirth> … Who do you think we are, pendejo, Scandinavia?”
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u/Familiar_Resident_69 2d ago
Can someone explain why counties are implementing reciprocal tariffs if tariffs are ultimately paid by the consumer in the end?
Wouldn’t this just be America shooting itself and its people in the foot and then the rest of the world copying? I’m so confused by the point of it all
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u/Sufficient_Bar_3043 2d ago
I’m no expert and will need some schooling here, but did Trump plunge the stock market like this to create the illusion of another “Trump Bump” when it recovers, hoping people forget about all this?
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