Trumpcession is now underway

Just drink the Kool Aid already. Sheesh...

It is hard to believe we still have defenders trying to spin Trump as a normal President just "gettin things done a little bit different"

The stock market will fall like never before.

Job creation will tank like never before.

We will recess like never before.

It will be a beautiful recession!

According to St. Federal Reserve, egg prices hit an all-time high in February.

Jan. 2025 - $4.953

Feb. 2025 - $5.897

March data hasn't been released yet.

Exactly....March prices haven't been released yet...lol

By mid-summer we will dislike or hate the term "Trumpcession"; as much we seniors have a distaste for "Watergate" !! But it will secure Trump's rank as our Worst President ever !

Market has been tanking prior to opening only to recover during the day for the last few days.

Way in the hole pre opening today.

Is this the day that it fails to recover?

No. It will play a role. The destabilization of the global order will be the enduring problem well after the U.S. and the world emerge from the recession/depression.

It took trump 1 month to solve the border crisis that dems said was congressional problem, took him 2 months to find the waste and fraud. Can't wait for more..

This is going to get really bad. Car dealers are getting notices from the manufacturers that invoice pricing is going to go up to cover the tariffs. If you need a new car, run to your dealer right now. In a month, prices will be up 20-30%. Manufacturers have told the unions that they are anticipating large layoffs in Q2 due to the tariffs. Car dealers owned by publicly traded companies are also getting ready for big layoffs.

I am hearing the same bad news from friends in the oil and gas sector. Oil prices are tanking today along with the markets. Budgets for exploration have been slashed in anticipation of a big and long recession.

The only light at the end of the tunnel is the 2026 midterms. If Dems and non-M#GA republicans can gain enough seats to have a 2/3rd majority on tariffs, they could step in and stop all this.

The other way this might not be as bad is if Trump starts granting lots of exceptions, so much so that the exceptions start to become the norm. Some think that the whole point of the tariffs is to make companies come to Trump and declare loyalty to get concessions.

Fear not, simple peasants. Soon, King Donald will significantly reduce taxes on the wealthiest Americans, whose abundance and generosity will trickle down to the rest of you. Even better, once the outdated "dollar bill" has been rendered moot, you may find financial refuge in the all-powerful and benevolent memecoin, which will transform your pitiful, meager lives into ones of luxury and opulence.

Rejoice, for these are times of great prosperity and jubilee!

Layoffs have started.

wxyz.com

900 employees, including workers at Warren and Sterling Heights plants, temporarily laid off by Stellantis

https://www.wxyz.com/kellen-voss

Stellantis has temporarily laid off 900 workers from plants in the Midwest, including employees at the Warren and Sterling Heights stamping plants.

Open link

Inheriting 300 million probably helps. Also he is not a Billionaire except by his own claims. I am not gonna take someones word for it that they are a billionaire.

Trump's greatest achievement so far:

- unifying countries around the world. I expect a lot of new free trade between countries outside the US.

- damaging the brand "US made"

- stopping foreign investments into the US

- destroying US employment (result of all the above, and it's only starting).

We're feeling fantastic having voted him in, right?

The S&P 500 has officially entered a bear market. It has dropped over 20% since February 19.

The index is at 12-month lows.

Yes, India is now looking to remote tariffs on European cars

Dollar Tree is up 5%.

A lot of us are going to be shopping there.

In the closing weeks of the 2024 Presidential election, the Trump campaign decided that the most pressing issue facing the United States was transsexuals, spending 40% of its advertising budget on that topic alone.

pbs.org

Why anti-transgender political ads are dominating the airwaves this election

If you’ve watched TV this month, you’ve likely seen campaign ads supporting Donald Trump by attacking Kamala Harris over transgender issues. From Oct. 7 to Oct. 20, Trump’s campaign and pro-Trump groups spent an estimated $95...

Open link

I sure am glad that the American people were focused on such a critical topic. You can't fool the public; they know what issue most matters for the country.

From a guy who doesn’t understand economics: “They’re dying to make a deal and I said, ‘We’re not going to have deficits with your country.’ We’re not going to do that, because to me a deficit is a loss. We’re going to have surpluses or, at worst, we’re going to be breaking even,” he said.

There you go. The economic realities of trade deficits don’t matter. We’re on the cusp of a massive global recession because one guy can’t grasp even a bit of economic complexity, can’t get over his feelings about the use of the word “deficit,” and refuses to consider the possibility that he’s not right about this.

EU now thinking of putting an export tariff on pharmaceuticals shipped to the US and imposing a charge on digital services from the US.