Summary
Trump previously touted the stock market as proof of his success, but he’s now downplaying the stock market as markets tumble due his tariffs imposed on Canada, Mexico, and China.
The S&P 500 has lost all gains since Trump’s election.
Critics warn tariffs risk recession and manufacturing setbacks, but Trump insists on a temporary “period of transition,” claiming tariffs will eventually “make our country rich again.”
The White House insists Trump’s economic policies will succeed long-term, despite warnings from investors and economists of significant economic disruptions ahead.
I meant a big problem with our economy is focus on short term profits rather than long term growth.
It’s why so many American companies start out good, and then once they’re popular they start cutting corners and product quality nosedives and streaming sites add ads
The focus is on making numbers go up in 3 months no matter what, even if you know long term you’re destroying the company.
trump is just saying it because he doesn’t want focus on short term numbers because their bad.
It’s a “broken clock” thing.
You know what’s funny is on this very day 10 years ago, Xi Jipin used the same excuse to removed term limits for himself.
Based on where we are, i won’t be surprised this happens soon here.
The billionaires at trump inauguration have already lost $209 billion dollars…
He’s not gonna get the same support today that he got from them during the election.
In 3 years they’ll be more than ready to get rid of him.
They have no loyalty and only care about how much money they have, and if trump is bad for their numbers, they’ll drop him and try to get a neoliberal thru the Dem primary.