Just ABSOLUTE BS. Are we now supposed to bend the knee and thank the master for saving us from the disaster he caused? The destruction caused by this manipulation of the the stock market is pure grift.
Of course we are; however, the real reason the Felon has given his 90 day reprieve is to get the GOP Congress to pass his "big beautiful bill" so the Felon, the Felon's family members and the American oligarchs can become richer.
The purpose of his tariffs is so he can solicit bribes. Just a capo extortion scheme. No need to overthink republicans. It’s always a thinly veiled criminal scheme for personal enrichment
The Felon's "ninety day delay" is simply to give the GOP Congress time to pass "the big beautiful bill". Once the Felon's tax cuts for the rich are in place, the Felon can then reinstate the tariffs to pay for the tax cuts. Just as in the late 1800's, the early 1900's and the 1920's, the rich will get richer, there will be no Middle Class and the poor will become poorer.
Throughout the Felon's second term, there's been nothing but the economy is bad, migrants are invading and it's the "others" fault white America is doing so poorly. As an old, fat, white guy I've seen this playbook too many times throughout my 70 years. It's always fear the other. They're taking your jobs, attacking your wives, they're taking over your schools, destroying your religious beliefs, making your children to become amoral adults. All the while the minority of white men are becoming richer and more powerful while destroying the Middle Class, and leaving more and more poor people in their wake.
I think this quote sums up everything: "... they’re trying to get back, as quickly as possible, to the good economy they inherited." Trump's destructive tariffs effects will still negatively influence the economy.
" This is a patently and transparently ridiculous example of the old Trumpian play of starting a fire so you can put it out."
I would think that Trump has developed profound contempt for the voters who re-elected him despite Jan6 and various evidences for his criminality and malfeasance. With no more elections to win and no reputation to maintain or salvage he feels free to let Trump be Trump.
Every time that Diaper Don mentions Joe Biden (the guy that beat him) I remember a great economy. It is a shame that so few American's read. Diaper Don just needed to fly on Air Force 1 to Florida every weekend and exercise his horrible golf swing and look at the stolen classified documents in his bathroom. AND LEAVE THE ECONOMY ALONE!
Is the tarriff rate rollercoaster is attempt to move the Overton window regarding tarriffs from very low to 10%? Will we all breath a sigh of relief when Trump and Co. move on from tarriffs to some other drama and ignore the fact that tarriffs are much higher than they were 6 months ago?
Thanks for the link to the Fed study. I hadn't seen that.
I hope you're right about team Trump's ability to reverse what they have done, but I suspect that will prove impossible for them even if they wished it.
For Trump the stock market is the economy. Tariff policy was modified in reaction to the equity/bond mkt decline, but, as you noted, we are not back to status quo ante from Dec 2024 on trade policy.
Larger problems for the general economy can be found in the dismantling and or increased administrative burden placed on transfer payment recipients as well as the intentional infliction of fear on immigrant communities. The still existent tariffs will hit those groups hardest.
Kind of reminds me of 2008 - top of a credit cycle whose fallout is assumed to be containable save for the overextended consumer.
And those consumers are surely overextended now, as this group documents.
LISEP’s mission is to help achieve shared economic prosperity for all Americans, particularly for middle- and low-income families.
Our focus is fact-based economic and policy research.
The first step toward achieving policies that promote shared economic prosperity is meaningful headline statistics. Our research reveals that the current headline statistics are misleading due to antiquated definitions.
LISEP has produced an initial set of more transparent economic indicators for unemployment, cost of living, and earnings.
Said Treasury Secretary Bessent in an interview with Bloomberg (@1:49 in the video):
"...but in 2020 President Trump produced a template. We had an excellent trade agreement with China, and the Biden administration chose not to enforce it. The Chinese delegation basically told us that once President Biden came into office they just ignored their obligations."
Tariffs or NOT, we are still 65% OBESE-- 170 MILLION -- and ailing from diabetes; fatty liver; metabolic syndrome; high blood pressure and ten other illness. And then add in 30 million kids who are fat too. So none of this will matter. We need tariffs on FOOD & BEVERAGES. We have 13 billion extra pounds but no dinero. 80bites.com/anti-book
All true, as will be the inevitable crowing by tRump and his stooges about "a yuuge win for Murka over the sneaky chinamen" type of thing. Nobody but the cultish or purblind will believe it, but that's the default posture coming out of Geneva, sad to say.
Even worse than the "deal of the century" blather with the UK-US trade agreement — whoops, trade agreement FRAMEWORK, that is.
The adage used to be “if it ain’t broke, don’t fix it.” Trump’s changed it to “if it ain’t broke, break it anyway and then pretend to fix it.”
and then take credit for fixing what Biden,the worst president ever(or was that Obama?),wrecked-and his cultists will believe it
Just ABSOLUTE BS. Are we now supposed to bend the knee and thank the master for saving us from the disaster he caused? The destruction caused by this manipulation of the the stock market is pure grift.
Of course we are; however, the real reason the Felon has given his 90 day reprieve is to get the GOP Congress to pass his "big beautiful bill" so the Felon, the Felon's family members and the American oligarchs can become richer.
The purpose of his tariffs is so he can solicit bribes. Just a capo extortion scheme. No need to overthink republicans. It’s always a thinly veiled criminal scheme for personal enrichment
Donny 2 dolls caved as usual after receiving pushback from the Barbie doll and pencil lobbies.
The Felon's "ninety day delay" is simply to give the GOP Congress time to pass "the big beautiful bill". Once the Felon's tax cuts for the rich are in place, the Felon can then reinstate the tariffs to pay for the tax cuts. Just as in the late 1800's, the early 1900's and the 1920's, the rich will get richer, there will be no Middle Class and the poor will become poorer.
Throughout the Felon's second term, there's been nothing but the economy is bad, migrants are invading and it's the "others" fault white America is doing so poorly. As an old, fat, white guy I've seen this playbook too many times throughout my 70 years. It's always fear the other. They're taking your jobs, attacking your wives, they're taking over your schools, destroying your religious beliefs, making your children to become amoral adults. All the while the minority of white men are becoming richer and more powerful while destroying the Middle Class, and leaving more and more poor people in their wake.
I think this quote sums up everything: "... they’re trying to get back, as quickly as possible, to the good economy they inherited." Trump's destructive tariffs effects will still negatively influence the economy.
" This is a patently and transparently ridiculous example of the old Trumpian play of starting a fire so you can put it out."
I would think that Trump has developed profound contempt for the voters who re-elected him despite Jan6 and various evidences for his criminality and malfeasance. With no more elections to win and no reputation to maintain or salvage he feels free to let Trump be Trump.
Reminds me of joke on this page: https://www.uua.org/lifespan/curricula/home/session4/60031.shtml
Every time that Diaper Don mentions Joe Biden (the guy that beat him) I remember a great economy. It is a shame that so few American's read. Diaper Don just needed to fly on Air Force 1 to Florida every weekend and exercise his horrible golf swing and look at the stolen classified documents in his bathroom. AND LEAVE THE ECONOMY ALONE!
Is the tarriff rate rollercoaster is attempt to move the Overton window regarding tarriffs from very low to 10%? Will we all breath a sigh of relief when Trump and Co. move on from tarriffs to some other drama and ignore the fact that tarriffs are much higher than they were 6 months ago?
I don't believe the damage is unintentional.
JosephZeigler.substack.com
Thanks for the link to the Fed study. I hadn't seen that.
I hope you're right about team Trump's ability to reverse what they have done, but I suspect that will prove impossible for them even if they wished it.
For Trump the stock market is the economy. Tariff policy was modified in reaction to the equity/bond mkt decline, but, as you noted, we are not back to status quo ante from Dec 2024 on trade policy.
Larger problems for the general economy can be found in the dismantling and or increased administrative burden placed on transfer payment recipients as well as the intentional infliction of fear on immigrant communities. The still existent tariffs will hit those groups hardest.
Kind of reminds me of 2008 - top of a credit cycle whose fallout is assumed to be containable save for the overextended consumer.
And those consumers are surely overextended now, as this group documents.
LISEP’s mission is to help achieve shared economic prosperity for all Americans, particularly for middle- and low-income families.
Our focus is fact-based economic and policy research.
The first step toward achieving policies that promote shared economic prosperity is meaningful headline statistics. Our research reveals that the current headline statistics are misleading due to antiquated definitions.
LISEP has produced an initial set of more transparent economic indicators for unemployment, cost of living, and earnings.
https://www.lisep.org/
Said Treasury Secretary Bessent in an interview with Bloomberg (@1:49 in the video):
"...but in 2020 President Trump produced a template. We had an excellent trade agreement with China, and the Biden administration chose not to enforce it. The Chinese delegation basically told us that once President Biden came into office they just ignored their obligations."
Curious to see what Jared remembers about that.
https://www.youtube.com/watch?v=h2BbYHMhEgE
Tariffs or NOT, we are still 65% OBESE-- 170 MILLION -- and ailing from diabetes; fatty liver; metabolic syndrome; high blood pressure and ten other illness. And then add in 30 million kids who are fat too. So none of this will matter. We need tariffs on FOOD & BEVERAGES. We have 13 billion extra pounds but no dinero. 80bites.com/anti-book
E X A C T L Y !
All true, as will be the inevitable crowing by tRump and his stooges about "a yuuge win for Murka over the sneaky chinamen" type of thing. Nobody but the cultish or purblind will believe it, but that's the default posture coming out of Geneva, sad to say.
Even worse than the "deal of the century" blather with the UK-US trade agreement — whoops, trade agreement FRAMEWORK, that is.