Trumpcession is now underway

Don’t think most trumpers even care about trade. They grow their own food, brew their own liquor, drive old ford 150, and go to the farmers market to sell extras. They don’t buy Tesla, wine or champagne. They would love to see cities and factories burning down with the trade war. Bankers and real estate developers may see things differently. If I want to hit Trump’s base, I will start with Wall Street investors and real estate developers. Pull money away from the US capital market, and let the recession begin.

BREAKING NEWS!!!

Trump fires employees at the International Trade Administration — the Commerce Department branch responsible for collecting his tariffs!

There we go, the "keep quiet and stay positive" era has started.

Not gonna happen!

Noted intellectual/economic mastermind Tommy Tuberville has weighed in:

al.com

Tuberville says Americans will have to suffer with tariffs: ‘No pain, no gain’

howardkoplowitz

“Democrats, get out of the way, shut up. You have no answers.”

Open link

Russian propaganda.

lmao you're right on some points like not buying Tesla, wine, or champagne. They for sure are also terrified of cities and would be happy if they all burned, but they absolutely do not grow their own food, brew their own liquor, or drive old F150s. They cruise around in giant gas guzzling pickups (totally not compensating for anything) with like a 3 ft bed that gets used maybe twice a year between suburban parking lots, eat hyper processed chain restaurant and fast food slop, and drink commercial p*ss beer like Miller Lite. I think you're correct that they don't care or know about how transnational trade affects them

Great idea to piss off the world, until you can no longer sell your debt!

fortune.com

If you think the current outlook is bad, just wait until the White House can’t find anyone to buy its debt, warns Ray Dalio

Eleanor Pringle

Ray Dalio warned the White House may have to exert further political pressure on foreign governments in order to deal with a looming debt crisis.

Open link

Praise your lord trump as he is delivering on the much needed recession!

Expect high unemployment, high prices and low stock value!

What happens when fewer people get home renovations because of rising materials costs and there are layoffs and reduced income for Americans who work for foreign auto manufacturers? That won’t have ripple effects through other economic sectors, will it?

The good news, though: Farmers won’t be hurt. It appears that the administration is planning a massive farmer bailout. Because … cost-cutting and an end to big government, I guess?

1) No one was giving "free money to millions of illegals".
2) You suck.
3) The stock market has dropped more than 6%.
4) Trump sucks.
5) The dollar didn't devalue by 30% under Biden.

I think that covers just about every word you said.

Well, "some" farmers will get bailed out. Friends and family of Trump running large farming operations, for sure.

If Biden and company had not been so crooked and incompetent, Trump would not have been reelected. The Democrat elite abandoned their voters and allowed Trump to be enabled through voter resentment. What’s happened is entirely the fault of the Democrat party elite. They betrayed the American people.

Buckle up. It's only going to get worse. Trump's isolationist policies are going to weaken the US and create a big vacuum that China will be happy to fill. Trump will only manage to make China a stronger country and he will greatly weaken the US. As other countries have become wealthier that has already been some degree of distancing from the United States as they have become more capable and less convinced that American centrality would be permanent. Trump's actions are accelerating the process.

Make China Great Again 🇨🇳

US dollar at 6 months low, investors spooked by the tariffs and new policies.

Wholesale importers already applying price increases .... for the consumer.

It's all part of the plan, right? Factories, skilled workers are going to magically pop up in Murica right?

Posted in the Trump thread as well.

Via Chris Murphy Senator CT
Those trying to understand the tariffs as economic policy are dangerously naive.
No, the tariffs are a tool to collapse our democracy. A means to compel loyalty from every business that will need to petition Trump for relief.
This week you will read many confused economists and political pundits who won’t understand how the tariffs make economic sense.
That’s because they don’t. They aren’t designed as economic policy. The tariffs are simply a new, super dangerous political tool.
You see, our founders created a President with limited and checked powers. They specifically put the power of spending and taxation in the hands of the legislature.
Why? Because they watched how kings and despots used spending and taxes to control their subjects.
British kings used taxation to reward loyalty and punish dissent.
Our own revolution was spurred by the King’s use of heavy taxation of the colonies to punish our push for self governance.
The King’s message was simple: stop protesting and I’ll stop taxing.
Trump knows that he can weaken (and maybe destroy) democracy by using spending and taxation in the same way.
He is using access to government funds to bully universities, law firms and state and local governments into loyalty pledges.
Healthy democracies rely on an independent legal profession to maintain the rule of law, independent universities to guard objective truth and provide forums for dissent to authority, and independent state/local government to counterbalance a powerful federal government.
But the private sector also plays a rule to protect democracy. Independent industry has power.
The tariffs are Trump’s tool to erode that independence. Now, one by one, every industry or company will need to pledge loyalty to Trump in order to get sanctions relief.
What could Trump demand as part of a quiet loyalty pledge?
Public shows of support from executives for all his economic policy. Contributions to his political efforts. Promises to police employees’ support for his political opposition.
The tariffs are DESIGNED to create economic hardship. Why? So that Trump has a straight face rationale for releasing them, business by business or industry by industry.
As he adjusts or grants relief, it’s a win-win: the economy improves and dissent disappears.
And once Trump has the lawyers, colleges and industry under his thumb, it becomes very hard for the opposition to have any viable space to maneuver.
Trump didn’t invent this strategy. It’s the playbook for democratically elected leaders who want to stay in power forever.

Looking more like Trumpression coming up.

has a peculiar way of running his office