• Letme@lemmy.world
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    15 minutes ago

    GOP presidents do this every time. Crash the market and the oligarchs buy it up for pennis on the dollar.

  • ugtug@lemmy.world
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    3 hours ago

    Republicans are such idiots that they would mistake huffing paint as a sign of genius.

  • BearGun@ttrpg.network
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    3 hours ago

    “The president isn’t a number-crunching guy, per se, but President Trump strongly demanded big numbers that would make other countries treat us fairly. And I think you can see today that those numbers are huge,”

    HAHAHAHA

  • The Real King Gordon@lemmy.world
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    6 hours ago

    The Narcissist’s Prayer

    That didn’t happen.
    And if it did, it wasn’t that bad.
    And if it was, that’s not a big deal.
    And if it is, that’s not my fault.
    And if it was, I didn’t mean it.
    And if I did, you deserved it.

  • AA5B@lemmy.world
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    6 hours ago

    The KISS principle applies here, keep it simple. There is no plan, there is only Trump saying “I win”. He’s just declaring victory in the face of disaster as usual

  • DaddleDew@lemmy.world
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    13 hours ago

    Fret not, says the president, he is apparently playing chess while the world is playing checkers

    He’s trying to treat the entire country like one of the casinos he bankrupted to screw over his creditors.

    I’m sure he thinks he’s playing chess. But what he’s really doing is sitting in the corner eating the pieces.

    • SunshineJogger@feddit.org
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      13 hours ago

      A vivid and possibly accurate description.

      I still think he is planted there to do as much damage as possible before he expires. Which would mean he is doing it all on purpose… Which then again would have to make him smarter than I give him credit for

      • OminousOrange@lemmy.ca
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        6 hours ago

        Could be both planted and so inept that he believes he got there on his own accord and is doing a great job.

      • Trihilis@ani.social
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        11 hours ago

        Yeah I agree. There has to be a bigger plan than this. In 40 years our children will see documentaties about the republicans pulling the biggest power grab ever and using idiots like Trump to actieve it. It’s not Trump playing chess here, he’s just a pawn. There are people behind the scènes pulling the strings.

        If what currently is happening is really just throwing tantrums without having a plan then I feel sorry for how dumb most of america had become.

        • prole@lemmy.blahaj.zone
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          5 hours ago

          In 40 years our children will see documentaties about the republicans pulling the biggest power grab ever and using idiots like Trump to actieve it.

          It’s optimistic that they’ll even have documentaries to watch (and that they’d be historically accurate and truthful).

          • cmbabul@lemmy.world
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            4 hours ago

            I think this is more from Silicon Valley, destroy the country to make way for the Butterfly Revolution and corporate city states with CEO kings at the top. If we don’t stop it we’ll be in a techno feudalist dystopia

        • Boddhisatva@lemmy.world
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          6 hours ago

          Or he’s betting that if people get desperate enough they will allow an absolute dictatorship.

          • He is setting tariffs on his own, a power designated solely to Congress by the Constitution.

          • He is having masked police kidnap people off the streets without warrants and shipping them to an overseas gulag without trial or even charges.

          • He is illegally refusing to distribute money allocated by Congress to certain states in order to punish them for not doing his bidding.

          • And when the courts have ordered him to stop doing the above, he has willfully ignored those court orders with no repercussions.

          Exactly what more needs to happen for this to be a dictatorship?

          • ChonkyOwlbear@lemmy.world
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            4 hours ago

            Firing judges who resist him

            Dissolution of Congress

            Deployment of military on US soil to control citizens.

            Alteration or abandonment of the Constitution.

            You’re right we are definitely on the spectrum of dictatorship, but it can get much much worse.

  • 9tr6gyp3@lemmy.world
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    13 hours ago

    Then if thats the case, this seems like a national security threat. Destabilizing the country through financial terrorism seems pretty felonious.

  • A_norny_mousse@feddit.org
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    13 hours ago

    Oh my. Apparently Trump pointed to this TikTok and said: “This. This is exactly What I’m doing.”

    Is the video a parody or serious? Could go either way. That’s the Crux of Poe’s Law.

    And that’s where America stands these days: the ruling party is a parody, the government depends on social media shitposting to justify its own actions.

  • Shardikprime@lemmy.world
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    6 hours ago

    Part of a collectivist dream. Companies losing billions of dollars in a day, and self inflicted to boot.

    Or what, you gonna cry over unrealized gains and imaginary money?

    Beyond that, trump has talked about putting up tariffs since years ago. Hell I remember even Pelosi, Bernie and Biden did as well. So yeah this is just another negotiation chip.

    Buckle up bois

    • prole@lemmy.blahaj.zone
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      5 hours ago

      Part of a collectivist dream. Companies losing billions of dollars in a day, and self inflicted to boot.

      Or what, you gonna cry over unrealized gains and imaginary money?

      You do realize that it’s regular people who are going to suffer, right?

  • Plebcouncilman@sh.itjust.works
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    9 hours ago

    What I find most fascinating/hilarous about this is “leftists” up in arms about this. This is like the most far left thing you can do other than actually seizing the means of production.

    I am not exactly a leftist but I find the tariffs wonderful. Consumerism is a pox on the nation, this should fix this.

    Why are we opposed to exploitation and pollution here at home but are ok when China does it because it allows us to buy a year’s worth of clothes every week for the price of single ethically produced garment??

    Over leveraged billionaires are in trouble, BIGLY. If this continues they will be margin called and forced to start selling their shit. Of course the flip side is that liquid billionaires will come out of this richer than before. Probably the real plan behind this.

    Also can we talk about how much of the economy was just fantasy? Billions, even maybe trillions of dollars of our economy is simply speculative value backed by mass delusion.

    Turns out Trump may be a tankie after all.

    The one problem is that it will not yield results within 4 years, so it will cause a whole lot of pain only for whoever is in power next to reverse it as soon as they take office. Hell this might not last till the end of the week for all we know.

    • tburkhol@lemmy.world
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      8 hours ago

      I think, for ‘lefties,’ the trouble is that Trump is replacing progressive income tax with regressive consumption tax. Not that US tax structure was particularly progressive, but it at least pretended. Now, the low end of the income scale, living paycheck-to-paycheck, spending everything on goods & services it going to have to spend an extra 15%, straight to federal coffers, ,while corps get a 25% tax cut and billionaires get elimination of the estate tax.

      It’s schadenfreude to see billionaires lose 10 or 20% of their wealth, but they still own all the factories. They’re still going to make money, and they will make up for production reductions by reducing workforce and eliminating 100% of many worker incomes. That is why all the economists are crying recession: consumption taxes reduce consumption, reduced consumption reduces employment, unemployment reduces consumption.

      • Plebcouncilman@sh.itjust.works
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        7 hours ago

        Right, that was a point I made in there somewhere. That the reality is that this will make billionaires more money which tracks with Trump. But even if that were somehow addressed the last part would still happen, it is a feature not a bug. The economic depression is necessary to burst all bubbles, and we have a lot of them, which in turn will make domestic production cheap enough that it is actually feasible. It does require the absolute implosion of markets and the destruction of all speculative wealth that exists in the system. The middle class will be the one to take the hardest hit in fact, not only because they will lose the value of their spending money, and their good paying jobs, but their retirement funds will be in tatters. Buuut if you see it through, at the end of the depression we should have a better functioning economy than what we have now. The problem is Trump simply does not have the spine nor the time to see it through and people really hate sacrificing the short term for an uncertain long term that doesn’t necessarily benefit them directly.

        Anyways I think I rambled but I think the tariffs are actually a good very long term play if you are willing to cause a lot of shock and pain in the short term. We just don’t have the stomach for it, so maybe the artificially inflated economy is better. At least until the balloon pops anyways and we have no other choice but to suffer through the same depression but it is easier to stomach because there’s literally no other choice.

        • MBech@feddit.dk
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          4 hours ago

          Correct me if I’m wrong, but I think i get the sentiment of what you’re saying. Tariffs can be good to bolster local production, and thus, local workers under the assumsion that businesses doing well is good for workers (I’m not convinced it is, at least I don’t think it’ s what’s best for workers. But let’s work within the limitations of the capitalist system here.

          The problem is how USA is doing it right now. If you give a 10 year warning before implementing tariffs, while also allocating money to support growing the needed industry, you make sure the industry has time to adapt and make the necessary changes to accomodate the needed growth in production and educating the workforce.

          None of that is happening. In fact, while putting in the tariffs, the workers’s jobs are threatened with an economic collaps. The outcome in this scenario is survival of the rich, who will survive a 99% loss in wealth and income just fine. While the most vulnerable, the working class and those even more vulnerable like the sick or handicapped, are asked to simply live with it, and hope to god they may some day be able to afford what they used to. Meanwhile the richest will keep buying all that the working class are forced to sell off, just to survive.

          Tariffs aren’t necessarily bad, but in this implementation they’re absolutely catastrophic to the working class, and a sale to the oligarchs.

        • tburkhol@lemmy.world
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          5 hours ago

          I mean, if you’re starting from the view that we have too many poor people for the number of billionaires, then killing off a bunch of plebs in a massive economic depression is definitely one way to balance the field. Just seems a little psychopathic to me, is all.

          It’s definitely a MAGA theme, though: let bird flu run wild and all the survivors will be immune; crash the economy and all the survivors will be better off; throw out all the immigrants and every that remains will be comfortably English-speaking; jail all the protesters and everyone that remains will agree.