Summary
Trump had to reverse his aggressive tariff rhetoric after CEOs from Walmart, Target, and Home Depot warned of empty shelves and higher prices due to supply chain disruptions.
Investors reacted negatively to his threats against Fed Chair Jerome Powell, prompting a market sell-off.
Trump backtracked, expressing optimism on a China trade deal and now denying plans to fire Powell.
Global markets remain volatile, and the IMF cited Trump’s trade war as a “major negative shock” to global growth.
That’s what fascists do when you stand up to them.
Spinless dipshit reverses course when confronted with consequences. More on this at the top of the hour…
Spinless dipshit reverses course when confronted with consequences. More on this at the top of the hour…
Hope he starts spinning again
Nothing says “I am the master of making a deal” like having to back off of nearly all of them every time anyone calls your bluff.
I’ll never see how so many think Trump is one of the smartest people in any room.
He’s a slumlord, just like his father. It is just unfortunate that the entire country will be his shitty government housing block by the time he gets done with it.
I’ll never see how so many think Trump is one of the smartest people in any room.
“He’s rich so he must be smart. You have to be smart to get that rich. This must all be part of the plan for the smart rich guy.”
Mix that in with a ‘Just World Fallacy’ (Good people succeeded and bad People fail. Therefore anyone who has as much wealth and power as Trump must be a good person worth listening to) and you have the people who support Trump.
Honestly i saw so many interviews during his first run with trump supporters that said exactly that first phase you said
Way to entrench the status quo benefiting the rich. Get people to believe only the rich are smart and therefore worth listening to.
Yup. That’s my dad. He’s confused now. He thought musk and Trump were smart because they were very wealthy. He’s finding it hard to understand that these people just inherited their wealth, and they’re able to be visible in the public eye, make money and take risks because of how much they have and not because they’re smart. Their arrogance is funny - Ie: musk unable to find the relationship between his nazi salute, his work at DOGE, and decreasing revenue in Tesla. Never heard of causation.
I wish he reversed his “deals” but it looks like he’s only reversing on China? So a big “fuck you” to american manufacturing while also helping our number 1 enemy.
The whole thing is a giveaway for China to step into America’s role on the world stage. I don’t think that can be undone at this point. It’s obvious that the US is not a stable, rational trade negotiator. Who wants to have their currency reserves under a country like that?
Who wants to have their currency reserves under a country like that?
That depends on how comprehensively we root out Trump, those behind him, and all their works. It’s not going to be easy, we’re going to need to strip this ramshackle structure down to the joists, after having tented it for termites.
Kennedy was assassinated for less. This man has fucked with some higher powers’ money I’m surprised they haven’t ousted him for a canon slightly less loose, but I suppose he is quite the distraction.
But Kennedy was a liberal. They don’t assassinate their fellow conservatives.
Ah, so you know the motive of Kennedy’s assassin(s)? Do tell, and provide evidence.
You’re right, I shouldn’t have said it with such certainty, but I don’t think Oliver Stone’s movie took that many liberties/there’ve been a few papers on how much the movie made up for dramatic effect vs. what it didn’t.
I used to take it all with a grain of salt, but seeing how brazen and desperate the right wing gets to hang onto their money today in broad daylight, I pretty much believe it.
now denying plans to fire Powell
As an outside observer, one of the funniest things about Trump (and this whole crowd actually) is the amount of just denying things that they do. There is never a single time that they admit fault or the capability to learn and improve. Drunkard clowns like Hesgeth have to be dragged out kicking and screaming for something to be rectified, at which point they’ll just go “Uh, well anyway, here’s the next guy, he’s going to be great! Tremendously bigly!”
Elon didn’t do that famous hand gesture that we all saw him do twice in a row. Fox News guy didn’t use a 3rd party app for a top secret war chat and didn’t include a journalist in the group. Trump didn’t apply those tariffs or throw unhinged temper tantrums on social media. It’s all just the fake news librul agenda trying to discredit these fine upstanding members of society as usual. And if it’s true - onto the next thing. How about that woke agenda amirite?
It gets thrown around a lot but Orwell’s 1984 has a passage, the context in the book is the protanonist realizing specifically about how it is impossible to argue against the fascist party as they happily substitute alternate facts whenever desired, and mandate the loyal adopt them wholesale.
“The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command.”
This is the chapter. https://george-orwell.org/1984/6.html
“The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command.”
I actually hate this quote because idiots around me use this thought pattern to reject the results of rigorous scientific studies in favor of their isolated, personal experiences.
To them, “Science” is an much an authoritarian imposition as “The Party” and “Scientism” is the worst “cult”.
Yes, your experience is valid. But, it doesn’t trump shared objective reality, which good science reveals.
My favorite phenomonon is anti-vaxers and the like saying “Science is hogwash! Ever notice how they just say ‘Trust the science!’? That means it requires faith!” Sure, that’s all well and good, except an actual scientist will NEVER say “Trust the science!” The foundations of science are NOT built on blind trust. It’s built on truth which is established experimentally, which is the opposite of blind trust. It’s very telling that people saying science is flawed are the same folks that don’t understand it.
It’s largely the same thing as someone saying “Evolution is hogwash. I’ve never seen a monkey turn into a human!” (except evolution doesn’t say that it will either…)
@bss03 @pulsewidth If you are not willing to learn or to be curious about reality then the truths discovered by science would be no different to you than any other form of mysticism. It’s then possible to apply that quote to anything that doesn’t align with your experience.
I read 1984… I really liked it but I thought the whole war is peace, freedom is slavery bit was something that no one would really buy. Then Trump took office and I feel like I’m taking crazy pills. I now believe 1984 and don’t question it at all. :(
I almost wish 1984 was the reality, but it’s a horrible mix of 1984 and Brave New World. Rather than just being oppressed due to fear of your comrades turning you in, like 1984, we also get people happily ignoring everything bad to get their fix of the fixed slice of the world presented to them.
If it was just 1984, at least I’d have hope that enough people could see the problem, rise up against the problem, and not have to contend with the contented masses that just want the status quo.
As an inside observer, I assure you that there is nothing funny about it whatsoever.
As an adjacent observer(Canada, and we have our own idiots) it’s kinda funny. The US has had so much time and so many resources to not being the shithole it is today and they just couldn’t bring themselves, as a country, to get there. Other countries have done way better with less so we know it’s possible.
So, as much as it is also scary, awful, and just plain garbage, it is a little funny as well.
Well, as it turns out, America’s status as an economic juggernaut has always been dependent on keeping our occupied territory as shitholes that are terrible for the people who live there, so we can exploit their labor and resources. We learned well from the British Empire. The shitholeness is just being turned against a larger swath of our population now.
I find it funny because you could literally have lost everything and still stay in this mindset.
“Never admit you are wrong”. This has become pervasive in everyday life. The phrases: “I was wrong”, “I stand corrected”, “point taken”, “mea culpa” are rarely heard anymore. So many dig in with nothing to back their argument, use the “fake news” BS, and/or just really become angry. What happened to reasonable discourse? Well, I guess it went out the window with science. It went out the window with critical thinking. It went out the window when representatives of our countries seem to get away with telling outright lies with no consequences. When social media is allowed to spread outright lies with no consequences. What a fucking shit show.
