I work with closely with a Dutch coworker. There’s no way that isn’t true. In fact, I’m fairly certain that’s probably one of the tamer variations.

Wasn’t intended to be taken seriously.

…seems a little on the nose, no?

If only they could have known in advance that the man who constantly screamed that he was going to deport all the migrant workforce, fire most of the federal workforce, and slap tariffs on any country that refused to capitulate to his every whim would hurt the economy!

Trump can only dream of this, according to reliable sources.

But the tariffs also pay the tax cuts that allow rich people to spend more and to invest more.

No. That assumes the US cannot operate on a deficit. It can and will. We don’t “fund” tax cuts unless someone responsible is overseeing the budget.

Not to mention, every billionaire has their money in the market somehow, they don’t have Scrooge McDuck gold piles. Inflation and market losses erode their money just like it erodes ours. Perhaps even more.

We saw how the stock market had nothing to do with the actual economic situation during Covid. While all indicators went down, stocks still went up.

COVID resulted in a marked recession for the global economy, and the US was no exception. But people still had money and spent it regularly, so it didn’t freefall the entire time and at times had rallies. The US stock market is mostly run by a series of competing trading algorithms with tight guardrails these days, for better and for worse. Generally though it does mean that modern nose-dives rarely result in true crashes.