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.

  • Dagwood222@lemm.ee
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    23 days ago

    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.

    • snekerpimp@lemmy.world
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      23 days ago

      Next president? Clean up the mess? That step is not in the playbook my friend. This will continue until they die.

      • Dagwood222@lemm.ee
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        23 days ago

        Clinton cleaned up Reagan/Bush and Obama cleaned up Bush Jr. and Biden cleaned up Trump…

        starting to notice a pattern??

        • snekerpimp@lemmy.world
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          23 days ago

          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.

          • Dagwood222@lemm.ee
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            23 days ago

            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…

        • NimdaQA@lemmy.world
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          23 days ago

          Clinton repealed Reagan’s tax cuts and the budget for the first time in memory showed a surplus.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.

          • Dagwood222@lemm.ee
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            22 days ago

            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.

  • givesomefucks@lemmy.world
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    23 days ago

    “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

  • FahrenheitGhost@lemmy.world
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    23 days ago

    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!!!