just_another_personRisk of ‘Trumpcession’ rising, economists say, as global markets fall
Well . . yeah. He’s a demented rapist.
Who the fuck is just figuring this out?
Snot FlickermanA whole lot of people apparently.
Cows Look Like MapsThe markets haven’t historically had a problem with demented rapists in charge unless it effects shareholder value.
Seems like a pretty big flaw in the system that a demented rapist being in charge doesn’t always impact shareholder value. Idk, maybe I’m just a beta cuck or something.
Look at this fuckin soy boy. What’s the matter, you can’t shake hands firmly and maintain eye contact?
It’s the weak wrists 😔
Lmao I like how you settled on a cause. You’re hired anyway
DiplomjodlerWhat could possibly go wrong when you give the most important job in the world to the most unqualified person ever?
I bet we could find someone less qualified.
It just would be difficult to find one outside of a hospital or care home.
You joke, but Texas last year has a representative missing for months. Come to find out that she was checked into a care home, still drawing paycheck.
I mean… we can’t blame her for forgetting that she had one job after all now, can we?
Doing nothing would be more qualified than what Trump is doing.
I vote Air
explodicleEven they’ve at least experienced heath care for poor people.
It just would be difficult to find one outside of a hospital or care home.
Hey now! Elon and Rubio are right there
We need to dispense with this notion that Trump is “unqualified.” He is very qualified for the job that he was actually recruited to do, and has been accomplishing it expertly.
It’s just a different job than the one you think it’s supposed to be.
treadfulI don’t believe that for one second. They’ve got a Project 2025 playbook written by some smarter people that makes them almost look competent. But they aren’t even doing that great of a job of it. The whole lot appear to be as dumb as a box of rocks from my PoV.
Consider the possibility that Trump’s real goal is to destabilize the US, destroy its democracy and civil liberties, and turn it into a Russian-style oligarchy and vassal state of Russia.
Given that assumption, what mistake has he made that detracts from that goal?
It’s a bad assumption. I could just say the same thing with the hypothesis about him being dumb.
It also ignores the fact that he’s not alone. He’s got pretty much the whole government doing the thing. But I’m sure you’ll say they’re all looking to do the same thing.
I think his only goal is his own enrichment and power. I doubt he even cares about his legacy.
Nonresponsive.
What mistake has he made that detracts from that goal?
Trump is overqualified to take us right into bankruptcy. He’s been here so many times! Don’t worry! Just ask for money from stupid people that have money!
Unironically, yes. You wanna know why Trump’s businesses kept going bankrupt? Because they were never meant to be sustainable in the first place. They were scams – probably fronts for Russian money laundering – and designed to have all the money extracted and then implode on purpose before law enforcement could start looking too closely.
And now he’s doing the same thing with the entire goddamn country.
…twice.
We gave it to the most unqualified person ever… twice.
Congratulations.
Please put his fucking name all over this shit.
Never let people forget who is the cause of all of this.
BlackoutThe upcoming Trumpageddon will make the Trumpcession look like Trumplemania.
Can’t tell if I’m supposed to give a shit, Trumplemania ‘05 or 06’?
I hope you are ready to open up and embrace big daddi T and all he has to offer. Cause he fuckin us all
Every day I wake up and I wonder if he’s a complete moron who’s in capable of doing his job… or is he making people worried about the recession and using these tariffs to manipulate the markets for his own benefit?
The other possibility people have told me about is that he’s doing it to distract us from the real activity behind the scenes, which is to make the rich much richer in the poor, more desperate… 
outrageousmatterNo distractions, the second answer is not correct, he wants another glided age. The glided age is another term for the second industrial revolution that turned america into the superpower we know today, but It also was an awful era for your average american.They would work 12 hours or more for a whole week, some may have sunday off due to church but a lot did work that day with all your family working. The standard of living was so crap, many would become alcoholics due to the awful conditions, which would lead to prohibition movement. Your average american did not live long, many people would die due to work place accidents but due to no worker protection, nothing would change.
The era was also known for the monopolies, starting with rockfeller standard oil, carnegie steel company and morgans banking with many others. All the major monopolies worked together to prevent competition by buying out, they would ask nicely to sell your company to them, if not they would play the waiting game by lowering the product your selling to be unprofitable and then buy you out. Regulations did not exist yet so, this was all legal and if it wasn’t, no one gave a shit as they were that powerful. The government was no help to them either, as most of them were bathing in the money of the 1%. The 1% lived in amazing conditions, and hoarded a ton of money, with some becoming important philanthropist.
Here is an article of proof of what trump wants, apnews.com/…/trump-tariffs-gilded-age-mckinley-gr….
Trump loves the Gilded Age and its tariffs. It was a great time for the rich but not for the many
In President Donald Trump’s idealized framing, the United States was at its zenith in the 1890s. The Republican has said repeatedly, “We were at our richest from 1870 to 1913. That’s when we were a tariff country." Trump points to decades after the Civil War, when the federal government ran frequent budget surpluses. Tariffs were then the government's main source of revenue and were high. But economists and historians say most of the era's growth was due to factors like the country's booming population, advances in technology and expansion of territory, which gave it new natural resources to exploit. They also say tariffs didn't play as large a role as Trump suggests.
I prefer the term ‘Trump Slump’ but as long as his name is attached, I’m good.
I believe that’s already a reference to his erectile dysfunction, but I could be wrong.
solsangraalLOLOLOLOL
independent.co.uk/…/donald-trump-economy-business…
there was probably a time that i wouldn’t have believed it would be possible for anyone to be as fucking stupid as any trump voter, but i don’t remember it
Avid AmoebaThirty-three percent of Trump voters said, in their own words, they voted for him because of the “economy” or because “he is a good businessman,” a Washington Post-Schar School poll released Friday reveals.
This is from December. It’s also a good sign because these are the people that are likely to turn on him as the prices increase and unemployment jumps.
people that are likely to turn on him
i think you’re underestimating just how brainwashed these people are. just the other day there was an article about a guy who lost his dream job in govt. because doge, and he STILL couldn’t muster the gumption to say maybe trump was a fucking bad idea
They voted for Trump in 2024. Months later, his administration fired them - Lemmy.zip
Summary Federal workers who voted for Trump in 2024 are facing unexpected job losses as the administration implements massive workforce cuts. Michael Graugnard, an attorney advisor at USDA, was laid off three months into his role despite managerial assurances. While he supports “government efficiency,” he didn’t anticipate this implementation but doesn’t regret his vote. Similarly, IRS veteran James Diaz criticizes the administration’s “chainsaw” approach to cuts. However, others like Ryleigh Cooper, who voted for Trump’s IVF promises, now regret their decision after losing her Forest Service job. The layoffs are part of Trump and Musk’s plan that has terminated thousands of federal workers and convinced 77,000 others to resign.
Even in that quote alone there’s 1 out of 3 who regret their vote. If we extrapolate to the group who voted economically, that’s 10% of his voters. That’s way more than enough to change the election outcome next time around. Yes there many who are brutally brainwashed, perhaps most, but we don’t care about most. We care about 5-10% to change their minds. While I don’t pretend my little extrapolation here is scientific in any way, I think that’s achievable. 🥹
December 1964? Because as far as I remember he crashed every business he owned even in industries that were rapidly growing like gambling.
Risk? Its his goal. Crash the market for his ultra wealthy amigos to buy up everything
And…
Destroy USD.
Remove USD as global reserve currency.
Bitcoin.
Sell off land to billionaire buds.
(Allow) Nuke a few cities?. Big midterm surprise?. /q’s Great solar flash of 2025 - this is the only one I’m not certain of what/how/when.
Voilà.
It’s not going to be Bitcoin. It’ll be Trumpcoin, Ethereum, or something else easy to control.
Big midterm surprise?
This is the depressing thing. Even if they do somehow lose their grip over public opinion, a fake terrorist attack would be all they’d need to restore themselves. Good thing Putin has no experience with faking terrorist attacks …
Yeah, this comment has a lot to analyse yet there is little to no commentary on it:
The red states are going to do good, and the blue states, I don’t know, maybe they’ll totally disappear off that map.
The wording isn’t accidental. And it’s a bit more than terrifying.
ShaggySnacksWe call that a Fire Sale for the Oligarchs.
Another problem is that down to lower class the americans invest for their retirement.
If he wipes out the people’s lifetime savings, they can’t afford to retire and got to work longer - even if the recession is driving inflation down.
CharlesDarwinYou think that billionaires that are influenced by the likes of Curtis Yarvin care about people saving for retirement?
No, I just thought about how normal people are fucked over. In systems with public pensions, politicians could just cut the pensions, in a property and investment based system, you have to make the “lifetime savings” of the lower 95% just not liveable by greedflation, concentration of wealth and volatile markets that eat up savings - and don’t allow sub-billionaires to hedge.
They should take over The Fed and once the recession hits, increase interest rates and do some QT. That’ll show the working class.
I’d rather use Qt than get QE
Down with GTK.
Hey Wharton School: This is why you shouldn’t sell degrees to rich parents for their spoiled children.
Please don’t ripple through the 3rd world.
SternImagine speedrunning your way into the great depression.
For billionaires it’s a “buying opportunity” though.
Gotta take advantage of rock bottom prices!
I love it!
Obamacare vs Trumpcession
Yet the Republicans will vote Trump next time around.
nullvote Trump next time
The implication here is quite scary.
Pun not intended. They got perfectly aged Trumps enough to continue up to 2100.