Summary
As the stock market plunged Monday due to Trump’s trade wars, he spent the day posting on Truth Social.
The Nasdaq fell 4%, its worst drop since 2022, while the S&P 500 lost nearly 3%. Major tech stocks, including Tesla, saw significant losses.
Trump posted over 100 times, endorsing his tariffs despite investor panic. A White House official dismissed the sell-off as irrational fear.
Commerce Secretary Howard Lutnick insisted a recession is unlikely. Trump avoided a clear recession prediction, calling the economy’s shift a “transition.”
He’s blaming Biden for the decline while claiming that his tariffs are going to save the economy. Those tariffs are exactly what is causing the decline in the first place, especially with the moronic way he is trying to implement them that is driving investors and business away from the US. He will drive the US economy into the ground until his entourage turns on him.
Don’t worry, next election the Dems will win, and spend 4 years fixing the mess. And while doing so, Americans will accuse them of doing nothing and vote them out in favour of Republican, who will fuck everything up, until the Dems as elected to fix it again. Rinse and repeat and you got American politics
You’ve just encapsulated my entire living memory of US politics.
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He’s done exactly what he set out to do: create a fire sale for his oligarch masters to profit from.
I was suspecting he was collapsing the market on purpose too. But his mental breakdown about it last night on social media suggests he simply is arrogantly incompetent and delusional.
Trump himself melts down regularly, unsurprising in an elderly grandiose narcissist with an amphetamine habit.
He is not the brains behind this administration’s actions, and it isn’t clear how much he even understands. He is a glove puppet for the oligarchs.
I was also on the “he’s doing it on purpose” train. I don’t know now 🤐😬
One day people will realize that you can make money when the stock market goes down
Causing it to go down is much easier than making it go up
Smart people looking to make money on a declining market told him some “smart” stuff to do. He believes it is smart. It is smart for the people that profit. Just hurts so many.
He believes he is special, like some kind of perfect business man where the “deals” always get done and work out in the end for him.
He has been used his whole life like a rich monkey to make others money thinking he was the brains behind the whole operation
Of course all he says defies logic and reality, but as long as his idiots believe it, logic and realism won’t help.