Trumpcession is now underway

I find this hilarious, because liberals were saying the Trump roaring economy was due to Obama, Biden's failed economy was Trump's fault, but when the economy dips under Trump at the start, it is not Biden's fault, but Trump's.

Which is it, libs?

No inflation

Gas prices steadily dropping

Egg prices steadily dropping

Manufacturing coming back

Foreign investment skyrocketing

Millionaires on Wall Street losing money in the stock market

Everything's good...

I paid $7 for 12 oz of blackberries yesterday. I guess you only eat eggs though, so you wouldn't notice inflation on produce from Mexico.

It takes a long time to turn an ocean liner, so each President can point to policy set years prior to partially explain the current situation. And every President, Republican or Democrat, is partially correct when they do it.

But it does not take a long time to bomb an ocean liner and send it to the bottom of the ocean, which is what Trump has done.

Even his staunchest allies are starting to admit it. As your retirement accounts crater, the prices you pay start to skyrocket, businesses close, and people lose their jobs all over the country, it will be fine for you to go ahead and admit that Trump's actions caused it, because you'll know it's true.

HAHAHAHA. Use the same energy when a democrat is in office instead of being a hypocrite, even though we all know hypocrisy is the calling card of your party.

Reciprocal tariffs went in place 12 hours ago. How long do you expect this statement to be true?

But the factory jobs are coming back babyyyy!

If I had to guess, I’d say that hypocrisy is the calling card of at least 50% of people who post about politics online, regardless of party affiliation.

Don't eat blackberries fool...

Maybe anyone who’s worried about the stock market should try pulling themselves up by their bootstraps. Maybe they shouldn’t buy their fancy avocado toast. Just give the boss a nice firm handshake, and you’ll move your way up in the company in no time. C’mon snowflakes!

The Fed (and the ADL) also created that year. To avoid Depressions!

The top 10% own 93% of the stocks. I really don't have much sympathy for them...

The top 10% own 93% of the stocks. I really don't have much sympathy for them...

Anyone with a pension or 401k will be looking for it when / if they retire.

So basically you have no sympathy for anyone with a plan.

American companies are financed through stock market, silly. Tanking the stock market is like running your engine without fueling, it is designed to fail.

Very true!

Are you just trolling?

The market drop has been a symptom of an anticipated recession and enormous hit to American business because of Trump’s policies. It’s not an isolated bad outcome.

The bump expressed a few things, in part the hope that Trump will not pursue the policies that businesses considered incredibly damaging.

The market doesn’t necessarily reflect the overall health of the economy (stock markets can be rising in a less-than-stellar economy), but you generally don’t have a good, healthy economy with markets plummeting.

And think of how Wall Street economics can reflect and predict Main Street economics. To the extent that in the short-term the markets are a voting machine and in the long-term a weighing machine.

Voting machine: Broadly across the market, investors will have their money in the stocks if they think those stocks will do well, which (more or less averaged out) indicates their sentiment about whether the companies will do well.

If the sentiment is strongly against the companies doing well, what do you think is going to occur with companies hiring vs. laying people off? What about something like Microsoft just now deciding to scrap its plans for a billion-dollar data center in OH, right after analysts started spiking their probabilities of a recession?

And after layoffs, hiring freezes, etc., if people have less money to spend, what is the effect on businesses that aren’t necessarily the major international corporations?

And then, since it takes years to “reshore” manufacturing, prices on goods will increase as average American wages plummet.

But you have your fun chuckling about someone else losing money in the stock market.

Is there a disconnect and is the market ever wrong? (any bubble, think especially recently of the early tech bubble bursting, the subprime “big short” crash, etc.).

And, of course, the crisis could be averted with the 90-day pause and the possibility that the president changes course.

But the markets also loathe chaos and high uncertainty (would you be willing to commit millions or billions of dollars in a highly uncertain environment, subject to the whims of one man?), so even if the tariffs don’t take shape in the way that seemed at least possible a couple of days ago, it’s not as though anyone’s faith is fully restored.

Trump popularity in free fall:

forbes.com

Trump Approval Rating Tracker: 4 Post-Tariff Surveys Show Drop

Sara Dorn

The latest survey, released April 13, shows 53% disapprove of Trump's job performance.

Open link

Main concerns: Trump poor handling of the economy, fears of recession and high prices, and the tariffs "strategy"