The overall goal here is clear: Trump wants full control of the U.S. economy. That’s reckless no matter who the president is. But it’s a ruinous mission for a president who obviously has no idea what he’s doing. trib.al/VnbR4iD
The overall goal here is clear: Trump wants full control of the U.S. economy. That’s reckless no matter who the president is. But it’s a ruinous mission for a president who obviously has no idea what he’s doing. trib.al/VnbR4iD
His complete lack of understanding about basic economics combined with his malignant narcissism is going to bankrupt America.
Not to mention his six bankruptcies and his statement that the fact that he doesn't pay taxes means he's smart.
I hate to tell you, it's already here.
Our biggest concern is that the Roberts Court is stupid enough to declare that he has the right to fire members of the Fed. Self interest should be enough to prevent that, but it should have kicked in after Jan 6, and signs are not great that they'll show sense.
Get son of a bitch Felon Trump the hell off the planet, NOW! He intends to destroy America and its allies, if any still exist!
Working class will get what it voted for.
Working class will get what they voted for.
Everyone in his administration is vastly incompetent, in way over their heads, but loyal to the Fuhrer. I am beyond disgusted it has come to this.
And has proven time and time and time again that he is a horrible businessman with no acumen that has no problem committing fraud to try and appear otherwise.
Let's say it's their intent to destroy the economy, a la the Great Depression (it certainly appears to be the case). To what end? How will the oligarchs benefit?
I read an economist's take on this very question a few years ago. Her take was that the rich are their own country- they owe nothing to any nation, they feel no obligations. There are safe havens where they can live a beautiful life after they finish stripping assets -like the Russian oligarchs.
They'll buy up all the distressed companies and real estate they've created for pennies on the dollar. I'm afraid the financial mavens out there in the media are afraid to pounce on this possibility. I admit it's a bit out there.
I don't think it's 'out there'. We've already seen insider trading on a huge scale. Trump bragging in the WH how his cronies made billions off the stock market swings which he created. Like a Ponzi scheme, if the people at the top get away with the cash they can start all over again for round 2.
I think that's true, and it reveals extreme short term thinking. The rich are also dependent for their quality of life on the research, medicine, and social/ physical infrastructure that requires a large, prosperous, and well managed economy. It's delusional to think they can go it alone.
If the rich realized that their wealth depends on all the hundreds of millions of little people the world would be a better place. When the world shut down during Covid and no one went to work - Wall Street and other financial centres just freaked right out. People have power.
Exactly. I've been a manufacturer in the US, and I need customers well off enough to afford my products. If the wealthy class realized that raising the bottom half's incomes and supporting their safety net would ultimately make them even richer, we would all be better off.
and obviously Chubsley will blame everyone but himself - negative interest rates anyone?
And doubly so for an asset of the Kremlin
Trump is an enfeebled old man incapable of analytic decision making. His seemingly random threats of tariffs against countries and his extortion of businesses is a manifestation of his cognitive decline. Sadly nobody in a position to stop the craziness is willing to intervene.
The USSR didn’t lose the Cold War, it has been reincarnated in the US in so many ways.
His enablers, his Cabinet, MB held fully accountable. Connie is on his last dance.
The Dunning-Kruger President.
Trump is to the economy what RFK is to health policy- filled with moronic conspiracy fantasies rooted in ignorance, and completely dismissive of those with genuine expertise. He has already destroyed our credibility, possibly for generations.
If Shitler gets control of the Federal Reserve it will be worse than a recession. It'll be Hyperinflation, followed by Depression, followed by economic collapse.
Amazing concept. Just because you are the Executive, it doesn't mean you are also the Air Force One procurement team, mayor, FED chairman, police commissioner, prosecutor, museum curator, performing arts center CEO, HR manager....
Maybe he doesn't have a clue, as you say. But he does know what he wants: to make money at the expense of the Americans. Everything is business to him.
@dscc.bsky.social @housedemocrats.bsky.social @oigdc.bsky.social @democrats-appropriations.house.gov @senateapprops.bsky.social
Trump wants full control of Americans
No sympathies for maga families barely holding on. Dont care about them. Suffer your choices. I care only about American families that voted against this party 🥰 I hope you successfully endure the maga revenge on the nation!
Exactly, magats have proved themselves unworthy of empathy by having NONE.
Are people just now figuring this out? He's been on this track since the first time. What do you think crypto is about? Get more money from uneducated poor people.