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.

  • @snekerpimp
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    211 day ago

    Next president? Clean up the mess? That step is not in the playbook my friend. This will continue until they die.

    • @[email protected]
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      fedilink
      323 hours ago

      Clinton cleaned up Reagan/Bush and Obama cleaned up Bush Jr. and Biden cleaned up Trump…

      starting to notice a pattern??

      • @snekerpimp
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        823 hours ago

        And the orange dictator has said many, many times that once he is in office we will never have to vote again. Past precedence or decorum is out the window with this administration, he is consolidating power to the executive branch and getting away with it. If we have midterms, I will be genuinely surprised.

        • @[email protected]
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          722 hours ago

          Something I said a million times before Election Day 2024. You might not like Harris, but you’ll be able to vote her out in 2028…

      • @NimdaQA
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        222 hours ago

        Clinton repealed Reagan’s tax cuts and the budget for the first time in memory showed a surplus.

        Perhaps Trump can learn from him, oh wait he is more interested in throwing money at the rich.

        • @[email protected]
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          117 hours ago

          The Federal Debt was almost paid when George Bush Jr. took office. The first thing he did was mail out tax refunds because “reasons.”

          Two wars at once wasn’t enough to get him to raise taxes.