Drop in S&P 500 since January
"Trump supporters have their retirement savings in whiskey, ammunition and beef jerky so they were not directly effected by Trump’s stock market collapse".- WaPo Comment
"So we are halfway to a Bear Market, likely to enter a recession in the next quarter, labor markets are frozen, the government is on the verge of shutting down, our allies are in full revolt, tariffs are being placed on our goods around the world, we're aiding Russia in its slaughter of Ukrainian civilians and we have measles and bird flu raging in the country. Everybody feeling great about this administration?"- WaPo Comment
"Those who voted for a moral cretin made the electoral mistake not just of their lives but of all American history. I was wrong to believe more of my fellow citizens would never again put Trump back in power. I was sadly wrong. But they were much more in error than I."- WaPo Comment
"Four years of this will not work, folks. Our markets will have a nervous breakdown from uncertainty, our entrepreneurs will have a nervous breakdown, our manufacturers will have a nervous breakdown, our investors — foreign and domestic — will have a nervous breakdown, our allies will have a nervous breakdown and we’re going to give the rest of the world a nervous breakdown." - Thomas Friedman, NY Times, 'You Cannot Run A Country This Way'.
"People still clinging to their sanity have been trying for years to explain Donald Trump to themselves, in print, in conversation, or as they walk around muttering to themselves, trying to parse the words of a guy who is, by nearly any reckoning, mean, mad, and amoral. Trump just intuitively knows how to ring the bells and stoke the fires of the racists, misogynists, the avaricious and the ding-a-lings drawn by the alluring sounds of his voice as he calls the hogs to the troughs." Jaime O'Neill, Smirkingchimp.com, 'Comparing Donald Trump to Al Capone'
"Until they feel it, they will continue to have faith in the convicted felon grifter rapist. Maybe when they lose the house, their health insurance and can only afford to feed the family cat food will they realize that elections have consequences also for them - suckers and losers."- "- WaPo Comment
Today’s WSJ editorial (‘Will There Be A Trump Recession?)
again warned about Trump’s insane, destabilizing tariffs – about which he has
no conception – other than he likes the sound. Oh, and the prospect of
disruption and dislocation to markets and the economy. This is the dyspeptic, senile fool over 77
million ‘brainiacs’ voted for in November, hoping for an economic lifeline –
but who now may face only recession. And recall in Friday’s WSJ editorial, the
staff literally begged someone, anyone to “sue” Trump because of breaking his
previous 2017 trade deal with Canada and Mexico.
In its current editorial the WSJ noted:
“Recession fears are roiling markets, as tech stocks and the
Dow Jones Industrial Average fell sharply again on Monday. Stock prices have
been richly valued for some time, and this may be merely a market correction.
But there are also signs of a slowing economy that should have the Trump
Administration on alert.
Mr. Trump didn’t help the mood with his cagey response to a
question by Fox News host Maria Bartiromo in a Sunday interview about
whether he expects a recession this year. “I hate to predict things like that,”
he replied. “There is a period of transition, because what we’re doing is very
big.”
Asked later on Sunday about his reluctance to rule out a
recession, he again wavered, “I tell you what, of course you hesitate. Who
knows?” His uncharacteristic equivocation rattled markets that maybe he doesn’t
mind a “little disturbance,” as he put it in his speech to Congress last week.
After several turbulent weeks, stocks have erased their gains since Mr. Trump’s
election and more.
Mr. Trump was right to note that a President shouldn’t be
preoccupied with short-term investor reactions to economic policies that will
boost long-term growth. But there are flashing signs that the U.S. economy is
slowing.”
The escalating trade war deepened a sell-off on Wall
Street – with the DOW diving 890 points- and renewed fears about the stability
of the U.S. economy.
Though all three major U.S. stock indexes slumped, Trump’s
idiot team of soothsayers and disinfo nuts projected confidence that the
volatility would prove temporary and that an economic boom set off by tax cuts
would follow later this year. Don’t believe it! Trump’s tax cuts, if passed, will
add over four and a half trillion to the deficit and put this nation even more
in hock so Trump can brag about his “great tariffs”. Meaning he will only want
more. As Bill Maher noted on REAL TIME last Friday, what we have is a five-year-old masquerading as a president whose sole consistency is sowing chaos and celebrating
disruption.
The problem is too many are still treating this senile looneytune as a normal leader whose trade policies are just a bit excessive. No, they are totally off the rails, in la-la loopy land and show Trump has lost his marbles. (As if we didn’t know that from his campaign outbursts :“And they’re eating the dogs! They’re eating the cats!”) In other words, this is a guy who belongs in a rubber room at Belleville, not in the White House. And certainly not within fifty feet of the nuclear codes.
So this is why investors have been unsettled by Trump’s
willingness to impose tariffs that go even beyond his sweeping campaign
promises, with hundreds of billions in new import duties already levied and
trillions more about to take effect April 2. But what they still haven’t
done yet is put two plus two together to grasp the nation is being led by a
stupid madman, an egotist fool and a felon – who prides himself on disruption.
That means things will only get worse until enough serious people wake the fuck
up and remove him, using the 25th amendment.
The growing conviction that Trump will stick by massive new tariffs regardless of the economic fallout – even to the point of sending this nation into depression (as the WSJ itself warned last week)- shows here is a need for action. Especially when he vows to keep the tariffs pumped "until Canada is the fifty first state".
We are all in a bus, driven by a power drunk lunatic, headed
over the proverbial cliff - and we’d
better wake up before it’s too late. Trump is not normal and should not be treated
as normal! Which me
President Donald Trump, as president-elect, insisted he “won an election” based on the price of groceries —and promised to “bring those prices way down.”
"Very simple word, groceries,” Trump told Meet the Press host Kristen Welker in December. “Like almost, you know, who uses the word? I started using the word – the groceries. When you buy apples, when you buy bacon, when you buy eggs, they would double and triple the price over a short period of time, and I won an election based on that.”
“We’re going to bring those prices way down,” Trump insisted.
But now, a mere three months after that interview and six weeks into his presidency, Trump would very much like you to stop talking about the cost of groceries — or, at least, “shut up about egg prices” — according to an op-ed by Turning Point Action:
And
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