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 the being the dumbest fucking Lemmy user. Congratulations!
This is the dumbest political take I’ve ever seen, and my dad called Trump a communist because he had Cold War brainrot
What are you even talking about, and why would you ever think a pack of neoliberals don’t love the stonks
Lmao, Pelosi Bernie and even Obama spoke in favor of tariffs during the time a lot.
You thought you were cooked?
Bro you were only marinating
Yeah because a tax on tires alone is comparable to universal tariffs on basically everyone but Russia
Bro, what kind of crack are you smoking, you sound like you were a Bernie bro who voted for Trump so you can fuck offnow
Republican doing Republican policy Republicanly is
a. A Republican
b. A Democrat
c. A Russian
Shockingly few people can answer this question correctly.
Millions of Americans voted with the delusion “Trump really cares about me”
It’s so obvious to anyone that looks at his actual actions through his life that he cares about no one but himself.
That’s hard to buy for nearly any given politician, but especially donvict - that’s next-level delusion.
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.
The wealthiest are not hurting, they’re getting exponentially richer.
I’m glad to hear they’re hurting and not anyone else.
Unless you’re accused of being deported, or you’re trans, or in Yemen or Palestine, or like, have/want a job that isn’t subsistence farming. Look at the Depression, it wasn’t just investors who were hurt.
Trump might be accidentally causing some good things to happen, but a lot of regular people are going to suffer too.
I’m glad to hear they’re hurting and not anyone else.
That’s not the way things roll though.
When wealthy people lose 10% of their wealth it’s annoying but ultimately doesn’t impact their quality of life.
I have a feeling things are going to get pretty bleak for the rest of us at the supermarket real quick.
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.
I love how many people are advocating and celebrating for 50 million elderly Americans to become homeless. You guys couldn’t eat the rich if I put them in front of you with some condiments. couldn’t find the rich fucking if Luigi was pointing a gun at them.
The whole Trump administration is ran by putting up some stupid stat and getting some stupid people angry about it and then we encourage a stupid plan to go through that hurts the angry people even more making them more angry and dangerous. we’re only 90 days in people let’s get it together
we’re only 90 days in
Fuck you that hurt to read. I can’t do 1,370 more.
They *control the stocks through their brokerages.
Your parents own the stocks.
Millions voted to fuck boomers and their 401ks
Lots of new housing will free up
About time
It’s a win win
Housing won’t free up. Black Rock, Morgan and others are buying up all the middle class housing so they can jack up the prices out of reach of most, forcing them to remain renters, then doubling the rents. Thats why housing costs are now more than 50% of income these days.
Democrats have tried to push legislation banning these companies from buying mass amounts of housing, but the Nazis fully support it. Tent cities will be regular thing by the next “election.”
If people understood how the stock market worked they wouldn’t be dumb enough to vote for Trump.
If people understood anything about economics at all they would’ve been in a much better financial position in general.
Yea lmaoo just like 2009 when we all got bank loans and bought tons of distressed real estate.
oh wait it’s nothing like that because we don’t have a housing bubble where strippers own five homes
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!”
My only regret… is that I have… boneitis.
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
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?
You do realize that it’s regular people who are going to suffer, right?
Fret not, says the president, he is apparently playing chess while the world is playing checkers
I’m sure he thinks he’s playing chess. But what he’s really doing is sitting in the corner eating the pieces.
He’s trying to treat the entire country like one of the casinos he bankrupted to screw over his creditors.
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
Yeah I agree. There has to be a bigger plan than this. In 40 years our children will see documentaties about the republicans pulling the biggest power grab ever and using idiots like Trump to actieve it. It’s not Trump playing chess here, he’s just a pawn. There are people behind the scènes pulling the strings.
If what currently is happening is really just throwing tantrums without having a plan then I feel sorry for how dumb most of america had become.
In 40 years our children will see documentaties about the republicans pulling the biggest power grab ever and using idiots like Trump to actieve it.
It’s optimistic that they’ll even have documentaries to watch (and that they’d be historically accurate and truthful).
The plan comes from Moscow.
Obligatory fuck Putin.
I think this is more from Silicon Valley, destroy the country to make way for the Butterfly Revolution and corporate city states with CEO kings at the top. If we don’t stop it we’ll be in a techno feudalist dystopia
“Adam something” did a great video on it. The Trump presidency is marked by fascism, incompetence and technocrats. It’s multipronged
Or he’s betting that if people get desperate enough they will allow an absolute dictatorship.
Or he’s betting that if people get desperate enough they will allow an absolute dictatorship.
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He is setting tariffs on his own, a power designated solely to Congress by the Constitution.
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He is having masked police kidnap people off the streets without warrants and shipping them to an overseas gulag without trial or even charges.
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He is illegally refusing to distribute money allocated by Congress to certain states in order to punish them for not doing his bidding.
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And when the courts have ordered him to stop doing the above, he has willfully ignored those court orders with no repercussions.
Exactly what more needs to happen for this to be a dictatorship?
Firing judges who resist him
Dissolution of Congress
Deployment of military on US soil to control citizens.
Alteration or abandonment of the Constitution.
You’re right we are definitely on the spectrum of dictatorship, but it can get much much worse.
If we compare the United States to the Empire in Star Wars, we’re somewhere past the end of Revenge of the Sith. Palpatine has declared himself the Emperor under the guise of needing to protect the Republic from an existential threat. He has already announced his intentions, taken personal control of key institutions, and started to strip power away from any institution or individual that he thinks can seriously oppose him.
He hasn’t yet given up the facade of democratic legitimacy. He doesn’t do that for 19 years in Star Wars. Hitler never abolished the Reichstag in 12 years of dictatorial rule. Russia still has a parliament and a nominally independent legal system 25 years after Putin first rose to power. The Roman Senate continued to exist for hundreds of years after Rome became a dictatorship, and even outlived the existence of the empire as a unified entity, and the Byzantine Senate (the legislative body of the Eastern Roman Empire) lasted until the 14th century.
And I think it will get worse
Suspending elections.
We have never missed an election in nearly 250 years of existence, even during the Civil War. If he does that, then America no longer exists, and we have no obligation to pay taxes, respect the laws, pay our debts, etc., and most especially acknowledge the government.
It is every man for himself.
You might as well be waiting for someone to go on TV and look directly at the camera and say, “I am a dictator” (which Trump even kinda did). We’re always going to have elections because they’re a valuable tool of controlling the population. Nearly every country in the world has them, including ones that are generally considered dictatorships.
Without elections, the only vehicle of change or expressions of popular will would be actions, and those actions are generally more disruptive and effective than voting is. We didn’t always have elections in the first place, and we didn’t vote our way out of monarchy.
With elections, people put their anger on hold for years, waiting for the appropriate time to express it, and the way it’s expressed is by choosing a different corporate lackey to support. Gerrymandering, corporate finance, a compromised press, etc ensure that will be the case. Even better, they get people forming their whole political identity around their preferred corporate lackey and half the population hating the other half for it, making organizing on a large scale extremely difficult.
It’s a very silly place to draw a red line. Even if it happened, you’d still “have to” pay taxes for the same reason you do now, because of force. What, are you paying taxes and following laws and shit right now because you think the US government represents some kind of moral authority?
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Could be both planted and so inept that he believes he got there on his own accord and is doing a great job.
Even Space Nazi’s “unwoke” AI Grok says Krasnov is a Russian agent with over 80% certainty.
It’s an LLM, why are we putting any weight into anything it says?
It will literally say that if everyone else is. The opposite of a fact bot.
If the world is playing checkers, then you’re an idiot for playing the wrong game.
NFL has it coming. They denied him once and he may or may not never forget.
Joke’s on you I was only pretending to be an imbecile!
Who’s gonna tell him he can’t just burn it down for the insurance money?
Oh my. Apparently Trump pointed to this TikTok and said: “This. This is exactly What I’m doing.”
Is the video a parody or serious? Could go either way. That’s the Crux of Poe’s Law.
And that’s where America stands these days: the ruling party is a parody, the government depends on social media shitposting to justify its own actions.
what the fuck was this nonsense?
“we’ve already seen this with egg prices” lolwut?
Just one of many lols in that video
Then if thats the case, this seems like a national security threat. Destabilizing the country through financial terrorism seems pretty felonious.
Dude’s already a felon and even got impeached in his first term. I was pretty disappointed when the impeachment lead to literally nothing
Not sure President Shady Vans is an improvement.
Vance the nonce is techno-Oligarch Theil’s little fuck toy.
The legal system is only for poor people.
Convenient that he’s immune from the law so long as he’s in office (and apparently also when he’s not).
So the 1% can buy nearly all of it for a song. Provided of course all of us the dumb money sells.
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.”
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.
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 tanker after all:
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?
“The economy is bad, actually” is a wild take.
BASED
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.
I mean, if you’re starting from the view that we have too many poor people for the number of billionaires, then killing off a bunch of plebs in a massive economic depression is definitely one way to balance the field. Just seems a little psychopathic to me, is all.
It’s definitely a MAGA theme, though: let bird flu run wild and all the survivors will be immune; crash the economy and all the survivors will be better off; throw out all the immigrants and every that remains will be comfortably English-speaking; jail all the protesters and everyone that remains will agree.
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.
Lol he wants you to trust him, he can bring the money back! All 12 trillion!.. That the entire country made in 4 years together, slowly…
As a demo, let me show you how I can control our household’s income (the markets) I have full control and you shouldn’t worry about it. We start small to demonstrate how I do have full control. I can totally remove money! From this car flying down the highway, I just open the window and toss the money out! I can do it from this bike! Look see? It’s friday pay day! I got the money back! OK let’s go big. Here’s all the and we’re on this large airplane! Let me show you how its done! You simply open this window… Watch it all fly away!
Okay let me show you how I can bring it all back… Just sit back and wait for the check. When you’re famous they let you do it! Wait for it! Hey it Friday! No check? Oh…we get paid every other Friday! And we’re waiting!.. Friday again! But this is a holiday! We’ll have to wait two more Fridays, you’ll see. Its coming back!.. Hi, I need a ticket to Antarctica, i’m told there’s only penguins there! One way please, and hurry!
“nufufu, all according to keikaku!” - Doald Tump
