Trump’s Treasury Secretary said about potentially imminent empty shelves: “I assume retailers preordered.” This is not good.
Replies
Bessent will soon find out that Trump's stink will be a stench he can never get rid of.
apr 29, 2025, 8:12 pm • 5 0 • view
It is amazing to me that these "market experts" in the Cabinet don't seem to understand markets at all. It is not their job to go on CNBC or Fox "News" and pump the market up. It is their job to FIX things! Get something done! Repeal the Trump Tax Tariffs!!! Do your damn Job!!! #trumpcession
apr 30, 2025, 5:32 am • 2 1 • view
If tariffs are such a big, beautiful thing, then why freak out about Amazon posting the cost? Might it be because you know you’re full of shit..? I thought so.
apr 29, 2025, 7:45 pm • 9 0 • view
Hey David pakman
apr 29, 2025, 7:36 pm • 4 0 • view
Pre-orders also eventually run out. Shocker.
apr 30, 2025, 2:24 am • 7 0 • view
The old adage "ass u me", seems to fit here.
apr 29, 2025, 10:35 pm • 1 0 • view
Clueless blind raging bulls in china shops
apr 29, 2025, 7:44 pm • 1 0 • view
What's the old saying about ¿ Ass U me ing?
apr 30, 2025, 3:55 pm • 0 0 • view
He’s got fucking shit for brains. Most retailers can’t afford to stock up and keep extra inventory you fucking out of touch piece of shit!
apr 29, 2025, 7:40 pm • 12 1 • view
Pretty usual assumption IF you are a billionaire, have a WH job and actually believe the bullshit you spout.
apr 29, 2025, 8:57 pm • 0 0 • view
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may 3, 2025, 5:52 am • 1 0 • view
apr 29, 2025, 9:35 pm • 0 0 • view
Just In Time has been the goal forever. Now they say it's different. Glad it's not the administrations fault. It never seems to be their fault
apr 29, 2025, 7:39 pm • 2 0 • view
Sure, we buy for Christmas and birthdays one year in advance. We stockpile paper products, we build arks just in case of a flood. FFS, we can’t afford to eat and medicate some months. They need to go to Mars because they are that out of touch with what is happening here on Earth!
apr 29, 2025, 7:48 pm • 1 0 • view
If they adequately pre-ordered enough to avoid tariffs indefinitely then what good are the tariffs? Do these guys even hear themselves?
apr 29, 2025, 10:50 pm • 10 2 • view
Yup, just run the country like a comedy show. Everyone will have a good laugh.
apr 30, 2025, 7:56 am • 0 0 • view
Scott Bessent, along with the rest of Dumbo’s crew is completely out of touch. MAGAts don’t care as long as the dear leader hates the same people they do and will punish them.
may 3, 2025, 3:19 am • 0 0 • view
His utter arrogance is sickening. And just where will his household staff purchase his groceries, shampoo, toothpaste, toilet paper, etc.? It WILL affect him, too. Unless he pre ordered a ton of everything.
apr 30, 2025, 12:50 pm • 0 0 • view
This is going to be a real manure show. People will panic buy as soon as things start getting scarce, which will only add to the panic.
apr 29, 2025, 7:33 pm • 7 0 • view
They have already started. Due to husband’s Open Heart surgery. I haven’t had time for shoe shopping. As you can see my shoes are worn or I wouldn’t be buying shoes. We went to our local Academy Sports store. The shelves were bare. The employees were restocking for now.
apr 29, 2025, 7:44 pm • 8 0 • view
I wear those kind of shoes too! Hope you find some soon!
apr 30, 2025, 9:02 pm • 1 0 • view
Thank You ❤️
may 1, 2025, 2:59 am • 1 0 • view
I hope your husband recovers quickly. I also hope you can get your new shoes!
apr 30, 2025, 12:30 am • 4 0 • view
Thank You. He’s doing better and weather permitting we are walking 30 minutes + everyday. I’m hoping to go tomorrow after my husband’s Physical Therapy appointment.
apr 30, 2025, 1:49 am • 4 0 • view
"I assume the tariff rate became the percentage of which they overstocked, because also I don't see how an increase in price would lower the amount to be sold at all!" -A supposedly smart economistTreasury Secretary (we r so screwed!)
apr 29, 2025, 8:01 pm • 0 0 • view
I’m sure he did a stint as a buyer for Dollar General.
apr 29, 2025, 8:18 pm • 1 0 • view
I forget, what happens when you make assumptions?
apr 30, 2025, 12:27 pm • 0 0 • view
Dumb Americans will begin hoarding in 3...2...1..
apr 29, 2025, 11:59 pm • 1 0 • view
Absolutely! And bet if you go to the store tomorrow, all the toilet paper is gone! Nothing screams panic mode like running out of shit tickets! Strap in, kids... This is only the first 100 days. We'll have to go through this 13.6 more times! I'm going to go vomit now. 🗽
apr 30, 2025, 2:54 am • 2 0 • view
The American public is pretty evenly divided: those with intelligence and empathy and those without.
apr 30, 2025, 4:54 am • 2 0 • view
If you vomit, don't use paper towels to clean it up... try to save those 😱🤮🧻
apr 30, 2025, 11:15 am • 1 0 • view
You know what they say about assuming?....
apr 29, 2025, 7:34 pm • 2 0 • view
Lol yes they were given plenty of warning. What a bunch of nutters. I dont understand why magically manufacturing doesn't ramp up immediately in the US. this must be a political hate act.... fucking idiots. Never worked a day in a factory in their lives. Boom u just flip a switch.
apr 29, 2025, 10:07 pm • 1 0 • view
Cuz retailers famously keep vast warehouse space free for just such an emergency
apr 29, 2025, 7:49 pm • 9 0 • view
Not to mention not having piles of uncommitted cash lying around for just this contingency.
apr 29, 2025, 8:26 pm • 5 0 • view
Translation: "I assume someone else planned for this mess because we sure as hell didn't" Buckle up
apr 29, 2025, 9:17 pm • 9 1 • view
#StopTheCoup youtu.be/5RpPTRcz1no?...
apr 29, 2025, 10:26 pm • 1 0 • view
Yeah… it’s the retailer’s fault. Blah blah blah…
apr 29, 2025, 7:55 pm • 0 0 • view
Never assume. Especially if you are Treasury Secretary of the United States. Does he not know this?
apr 29, 2025, 7:41 pm • 0 0 • view
Amazon Prime Day is going to have nothing but the used and returned items
apr 29, 2025, 10:04 pm • 1 0 • view
I work off of a 9-10 month lead time for new goods to hit my warehouse... I would have had to "pre-order" in June '24...
apr 29, 2025, 8:32 pm • 4 0 • view
Yeah… trying to determine my criticals. Beyond toilet paper.
apr 29, 2025, 11:41 pm • 1 0 • view
Assume? you have it wrong. Assume only makes you an ass ot of us and me.
apr 29, 2025, 9:09 pm • 1 0 • view
Judas priest... This is an utter clown show.
apr 29, 2025, 7:39 pm • 1 0 • view
Assuming makes an ass out of you and the TreasSec is a complete baffoon not knowing shit. Or being intentionally obtuse.
apr 29, 2025, 8:05 pm • 1 0 • view
Isn’t it all “Just In Time” delivery nowadays (and for decades)?
apr 29, 2025, 7:40 pm • 2 0 • view
Assume? We all know what happens when you assume. You've already made an ass out of yourself Mr. Bessent even before this statement.
apr 29, 2025, 8:11 pm • 3 0 • view
"I assume other people have compensated for our incompetence."
apr 29, 2025, 7:38 pm • 1 0 • view
Whistling past the graveyard
apr 29, 2025, 8:56 pm • 0 0 • view
apr 29, 2025, 10:27 pm • 2 1 • view
Preordered with what excess capital? With what warning? Fuck these morons.
apr 30, 2025, 4:01 am • 1 0 • view
No, actually we cut inventory to the bone so that capital wasn’t tied up and y’all could have bigger bonuses, remember?
apr 29, 2025, 9:12 pm • 21 2 • view
We all know what happens when we “ASSume”.
apr 30, 2025, 11:34 am • 1 0 • view
Did they not watch the critically acclaimed Steven Seagull hit action-doco "Under Siege 2" to learn that assumption is the mother of all fuck ups David?
apr 29, 2025, 10:33 pm • 3 0 • view
Had they preordered the tariffs wouldn't really affect anything. But, his response wasn't to actually answer anything, it was simply an effort to just say words to run out the clock.
apr 29, 2025, 9:00 pm • 2 0 • view
What a multimillionaire doofus assumption.
apr 29, 2025, 7:32 pm • 34 2 • view
apr 29, 2025, 8:01 pm • 3 0 • view
www.cnbc.com/2025/04/29/p...
apr 29, 2025, 8:49 pm • 6 2 • view
Assume and you make an ASS out of U and ME.
apr 29, 2025, 7:33 pm • 1 0 • view
Get these people out of office. This is a clown show.🤡
apr 29, 2025, 9:41 pm • 0 0 • view
In other words—if they didn’t, oh well!
apr 29, 2025, 7:35 pm • 1 0 • view
It's their own fault if they didn't. It certainly isn't Trump's fault. *Nothing* is. Just ask him.
apr 29, 2025, 7:37 pm • 2 0 • view
It's Biden's fault. 🤪
apr 29, 2025, 8:29 pm • 1 0 • view
Or the black guy's. They still occasionally like blaming him for shit.
apr 29, 2025, 9:31 pm • 1 0 • view
Yes, true.
apr 29, 2025, 9:33 pm • 1 0 • view
Lmfao wow
apr 29, 2025, 9:09 pm • 2 0 • view
1789 France loading…
apr 29, 2025, 10:35 pm • 1 0 • view
But he went to Yale. YALE!
apr 29, 2025, 7:32 pm • 0 0 • view
We need an inquiry! Just like tRump was the worst student a professor ever had at Wharton!
apr 29, 2025, 7:50 pm • 0 0 • view
For how many freaking months?
apr 29, 2025, 8:38 pm • 0 0 • view
Assume? Not everybody's Walmart, FFS.
apr 29, 2025, 11:32 pm • 0 0 • view
Look at it from the bright side. It's a way to stifle mindless consumerism. Trump's policy could weirdly become the new green deal.
apr 29, 2025, 7:35 pm • 16 0 • view
Like how we used less gas and caused less air pollution during Covid lockdown?
apr 29, 2025, 7:39 pm • 20 0 • view
There is no bright side when people will die without enough imported medical supplies. Don’t glaze this please.
apr 29, 2025, 9:00 pm • 1 0 • view
The pharmaceuticals and health tech companies in my country (Denmark) are doing everything they can to avoid shortage - just look at today's deal between Hims & Hers and Novo - but maybe a lack of plastic toys and air fryers are not going to kill anybody.
apr 29, 2025, 9:36 pm • 0 0 • view
not sure how starvation of the poor and elderly could ever be a good policy outside of Nazi Germany... oh... now I see it.
apr 29, 2025, 10:58 pm • 0 0 • view
Anticipated 30% drop at port authorities across the US in May. Get out your sewing kits gentleman. It’s going to be bad.
apr 29, 2025, 9:10 pm • 0 0 • view
When you assume….
apr 29, 2025, 9:29 pm • 1 1 • view
Bessent has a B.A. in public administration. We are in big trouble.
apr 29, 2025, 11:43 pm • 1 0 • view
We learned at the beginning of Covid that retailers do just in time ordering. They don’t have back stock. They don’t stockpile. They stock their shelves and replenish as sold. Sometimes running out of stock, which will be replenished next day — unless there’s no trucks in docks & no ships in ports.
apr 30, 2025, 12:24 am • 11 2 • view
Yep. I (oddly) know a lot about warehouses because I had a client once who specialized in warehouse optimization. Almost no companies have the space to store inventory anymore.
apr 30, 2025, 12:28 am • 9 1 • view
how far in advance do they think they can preorder? three months? a year? WTF do they think is going to happen? they'll blame businesses when it all goes bad. don't know anything about JIT inventory and modern supply chains. they are about to learn.
apr 29, 2025, 10:24 pm • 8 1 • view
Even your local retailer doesn't have anything "in the back," because stores no longer have any significant space delegated to "the back." Business has spent the last 40 years trimming every bit of excess inventory out of the system.
apr 30, 2025, 12:51 am • 3 0 • view
exactly right.
apr 30, 2025, 12:52 am • 3 0 • view
All of us should know this from the initial reaction to COVID, if not for any other reason. Production, transportation, and warehousing disruptions coupled with hoarding produced massive, instant shortages in a host of products. Literally everyone of voting age should know this.
apr 30, 2025, 10:57 am • 2 1 • view
Preordered for when? For the end of time?
apr 30, 2025, 4:00 am • 1 0 • view
tRumpey officials know nothing about anything like retailing, the lives of average people. Won't they be surprised to learn that China stopped shipping to the USA.
apr 29, 2025, 7:36 pm • 6 0 • view
It is always worse than these Trump men. will admit.
apr 29, 2025, 10:46 pm • 1 0 • view
Retailers: “nope”
apr 29, 2025, 7:39 pm • 1 0 • view
1st rule of MAGA It's ALWAYS someone else's fault!
apr 30, 2025, 10:26 am • 4 0 • view
Theyre doing it on purpose. Make life impossible. Dole out the crumbs. Let the masses riot. Enact marshall law. Or its dole out the crumbs so people let you do whatever you want cause they need him. Classic authoritarian playbook move.
apr 29, 2025, 7:53 pm • 3 0 • view
With what time did they have to preorder. This administration is chock full of idiots.
apr 29, 2025, 8:58 pm • 2 0 • view
That's a big ass assumption.
apr 30, 2025, 4:49 am • 2 0 • view
It's like being asked about the possibly of nuclear war and replying "I assume everyone has bomb shelters."
apr 29, 2025, 7:39 pm • 14 1 • view
Good one.
apr 30, 2025, 4:54 am • 1 0 • view
1) Only large highly profitable companies can substantially "pre-order." 2) "Pre-ordering" only buys time for some imported products. The negative impact will happen sooner or later. 3) Trump regime did no planning in case countries didn't bend the knee very quickly. #TrumpTarrifTaxes #DopeyDon
apr 29, 2025, 7:50 pm • 2 0 • view
Do they think we won’t notice the higher prices that just suddenly appear? The Trump Tax and resulting shortages of goods will be obvious to everyone.
apr 30, 2025, 2:47 am • 5 1 • view
Everyday the stupid just gets stupider.
apr 29, 2025, 7:46 pm • 0 0 • view
Scary he does not know that is not something retailers do in 2025.
apr 29, 2025, 10:20 pm • 1 0 • view
Pre ordered for a months long trade war, that’s been on and off a half dozens times already.
apr 29, 2025, 7:33 pm • 17 1 • view
Yup.
apr 29, 2025, 7:35 pm • 3 0 • view
They couldn't possibly have front-end-loaded an EXTRA 1 or 2 months worth of products or intermediary parts & supplies in anticipation of what Trump ended up doing (which was worse than even Wall Street's worst-case prediction).
apr 29, 2025, 8:22 pm • 0 0 • view
That's an understatement.
apr 29, 2025, 7:32 pm • 1 0 • view
If they did, by the time the ships arrived, they couldn’t afford the tariffs.
apr 29, 2025, 7:40 pm • 0 0 • view
Are we talking about Scottie? The pompous fella who is a gay man and stands with a party that disrespects gays. Classy! Bold! It tells us all we need to know about Mr. Bessent. IDK, when he lies to me daily it’s such a joy - but I can only picture him bending over. 🤭🫣🫠 Just saying.
apr 29, 2025, 8:25 pm • 0 0 • view
Why would they preorder, I though tariffs were a good thing and everything was going to be hunky dory!
apr 29, 2025, 8:47 pm • 0 0 • view
“I assume retail preordered” says the Treasury Secretary, that’s laughable. Who gave them the heads up2do that, preordered for how long? A few months a couple of years & perishable❓ Exactly who does a multi millionaire worry about,,,himself❗️ “I assume we’ll see more cross border shopping 🛒 lol”
apr 29, 2025, 7:51 pm • 0 0 • view
With his SMIRK plastered on his face ----- HOW DISGUSTING !
apr 29, 2025, 7:40 pm • 0 0 • view
Of course they preordered…it’s called stock. He’s an idiot.
apr 29, 2025, 8:14 pm • 0 0 • view
🤦♀️🤦♀️🤦♀️🤦♀️🤦♀️🤦♀️🤦♀️ America is more fucked than a sex worker on new years
apr 29, 2025, 7:42 pm • 1 0 • view
These guys definitely don't think at all
apr 29, 2025, 11:12 pm • 3 0 • view
Did he assume all Americans sold all their stocks before Trump's Inauguration to avoid the Liberation Day effects on their 401k's?
apr 30, 2025, 4:44 am • 2 0 • view
Assume? Yeah, no.
apr 29, 2025, 7:35 pm • 0 0 • view
Preordered 4 years worth of goods?!?! 🤨
apr 29, 2025, 10:48 pm • 0 0 • view
I wonder how, just frankly how, dumb and out of touch with reality people are? If the store has no storage for items in the back, where does Treas Sec think the stores are going to put stuff that he assumes they ‘pre-ordered’. Like if he thinks retailers are stocking up, where are they putting it?
apr 30, 2025, 2:49 am • 3 1 • view
Uhhh, preordered for how long???
apr 29, 2025, 8:21 pm • 3 0 • view
But wait! There more: WH revealed it's terrified to let people know how much tariffs will cost them, threatening Bezos with a personal call. Bessent reassured us that the higher prices Trump tariffs will make normies pay will directly fund tax cuts for the billionaire class
apr 29, 2025, 7:36 pm • 26 2 • view
But how will the billionaires make any money if nobody can afford anything anymore? Yeah they forgot that part.
apr 30, 2025, 2:11 am • 5 1 • view
What's Bezos afraid of?
apr 29, 2025, 10:02 pm • 1 0 • view
Treasury Sec: I assume retailers preordered. Reporter: But the ports are empty because there are no shipments coming in. Treasury Sec: I assume they will go back in time and order more beforehand. Reporter: You’re a worthless moron. Treasury Sec. I assume you’re right. (How I imagined it)
apr 30, 2025, 6:08 am • 2 0 • view
🦋 Scott Bessent's 'plan' is to basically hope that businesses had foreseen the level to which Trump would destroy supply chains and the economy - when the Treasury Secretary wasn't warning anyone because he hadn't? 🦋
apr 29, 2025, 8:45 pm • 2 3 • view
😅🤣😅🤣😅 Poor Magats
apr 29, 2025, 8:05 pm • 1 0 • view
That guy is 5th in line to run the country. Trump knew he would scare us but he made sure 2-5 in line kept us up at night.
apr 29, 2025, 7:52 pm • 0 0 • view
You are way overestimating trump
apr 29, 2025, 8:19 pm • 1 0 • view
I assume....? yeah, not good. Empty shelves soon to come.
apr 29, 2025, 8:13 pm • 0 0 • view
It would be great if a large account like yours could start asking ppl to post shelf updates in their areas since we have zero government leadership on this rn. No fear mongering, just factual updates on what ppl are seeing at their store.
may 2, 2025, 12:34 pm • 0 0 • view
Looks like consumer spending is gonna be extremely low and many will loser their jobs because of it.
apr 29, 2025, 8:15 pm • 0 0 • view
I went to four different stores for grapes this week. Produce shelves already showing empty or decaying fruits and vegetables
apr 30, 2025, 1:03 pm • 0 0 • view
It's also an insipid lie
apr 29, 2025, 8:03 pm • 0 0 • view
Just when you think it couldn't get any dumber they go out and say something insanely stupid. Can you imagine how boring life would be with Kamala as president?
apr 29, 2025, 7:37 pm • 3 0 • view
I dream of being bored.
apr 29, 2025, 7:40 pm • 5 0 • view
You, me and a whole lot of other people. I miss boring..
apr 29, 2025, 7:42 pm • 5 0 • view
Oppose the stupidity of the FELON and MAGA!
apr 29, 2025, 8:37 pm • 0 0 • view
2 things. First, does he think they have pre-ordered for the next 4 years? Second, does he think tariffs are only paid on new orders?
apr 29, 2025, 7:55 pm • 0 0 • view
This is the sort of joke Aaron Sorkin would reject for being too stupid.
apr 29, 2025, 7:54 pm • 6 0 • view
Unfortunately the orders are still on China. There will be empty shelves at Hobby Lobby, Dollar Trees, Dollar General. Eventually, some foods items will disappear as well.
apr 30, 2025, 10:52 am • 0 0 • view
yes they preordered for the next quarter... and what happens once that runs out? it will take two months to get more goods here.
apr 29, 2025, 10:56 pm • 0 0 • view
More than that. 2 months is just water time....
apr 29, 2025, 11:54 pm • 2 0 • view
Did anyone ask the simple and obvious follow up? Why? Why do believe that? Because it is a pretty crazy thing to believe
apr 29, 2025, 11:57 pm • 1 0 • view
A few years back, when a gasoline processing plant went offline for a few days due to a malfunction. Just the rumors of gas outages sparked long lines pumps. Same thing will happen next week to grocery stores. Just the murmur of the possibility of empty shelves will start a run on items.
apr 30, 2025, 11:13 am • 0 0 • view
Good thing this guy wasn't around to run things during covid. We all became acquainted with our "just in time" economy back then.
apr 29, 2025, 8:01 pm • 6 0 • view
If we take his moronic statement. How long does it take from order until the ship hits LA port. 4 weeks minimum? And then they get the tariff hit. So they would have to plan for Trump to go full retard +6weeks in advance to feel sorta safe? Or pay $$$$
apr 29, 2025, 7:55 pm • 6 0 • view
They aren’t living in reality!
apr 30, 2025, 12:51 am • 0 0 • view
West coast US ports are empty. No ships.
apr 29, 2025, 9:08 pm • 0 0 • view
Get ready to start chasing down rats for food.
apr 29, 2025, 7:34 pm • 0 0 • view
We spent the last few decades moving to a Just In Time model for inventory where nothing would be in stock for more than a matter of days. The whole western economy was built around zero interruptions to supply in order to squeeze every penny out of the process.
apr 30, 2025, 1:20 pm • 5 0 • view
A system with extreme sensitivity to perturbation is a recipe for cascading failure and chaos. Good times.
apr 30, 2025, 3:57 pm • 2 0 • view
Yes. I recall that being discussed as a very real danger of JIT systems at least 20 years ago. But reduced warehousing cost and a faster churn rate was just too compelling to resist.
apr 30, 2025, 4:02 pm • 4 0 • view