American CEOs sour on Trump's economy
American CEOs sour on Trump's economy
As the country begins to feel the effects of his trade policies, some executives are pessimistic about Trump's economic agenda.
Summary
Despite initial support from business leaders, many are expressing concerns about the economic outlook under Trump's second term.
Executives from Ford, GM, ON Semiconductor, Point72, and Citadel have voiced frustration over the uncertainty created by Trump's tariff policies, particularly their unpredictable implementation and exemptions.
Auto industry leaders warn that 25% tariffs on Canada and Mexico would devastate U.S. manufacturing. Other concerns include reduced immigration affecting labor force growth and DOGE's federal workforce cuts.
The White House dismisses the concerns and defends Trump's policies as "pro-growth.”
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ONLY because it impacts their bottom line. Not because they think any of his other policies are insane. Not gutting the government healthcare programs, not firing veterans and other federal workers, not his immigration policies, and definitely not the traitor trying to align the US with Russia.
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That's all completely correct, but --
Isn't it amazing that these "paragons of business" failed to recognize that Little t would be bad for their bottom line in October 2024? Because I sure the fuck did, and I am no "paragon of business."
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Just wait till he starts picking single winners within each industry, and it’s not one of their companies. They’re all so shortsighted. Just like the SCOTUS. What use is a rubber stamp if you’re a totalitarian? None.
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They simply assumed they were exempt or could become exempt for a donation. I still think it's the plan.
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If only they could have known in advance that the man who constantly screamed that he was going to deport all the migrant workforce, fire most of the federal workforce, and slap tariffs on any country that refused to capitulate to his every whim would hurt the economy!
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I wonder if they were just too blinded by greed to act rationally or were under the impression that they can control Trump enough to keep the economy afloat.
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Probably both. He promised tax cuts for the wealthy, and they thought he’d be easily manipulated like last time. Unfortunately for the rich his Russian handlers want the economy destroyed and they’re the only ones he’s beholden to.
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Maybe just stupid.
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Yeah sure, after they all voted for him, and probably love the tax cuts for the rich and corporate entities.
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They want to crash the market so they can buy everything up at a huge discount.
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You pricks wanted him too, because you donated to his campaigns. What's wrong? Is he TOO GOOD for you?
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Why?
Did their smart business sense fail them when they went all in on Trump?
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The tax cuts were made permanent.
People with money don't have to pretend to care anymore.
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They will be, but they haven't been made permanent yet.
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Soon we can just start calling it Trump's Recession.
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Thing that was obviously going to happen happened? Remarkable, who could have predicted this
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It's like these billionaire CEOs' salaries aren't merit based.
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Let's see if they can do anything about it.
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These are the same idiots that claim capitalism in America is merit based. This was all obvious long in advance, and they sit here with their surprise Pikachu faces like the rest of the chronically uninformed rubes.
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It’s like the man is aging faster, every photo.
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Wait until you see what the Order 66 incident does to him.
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Few more personal million dollar donations should do it.
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Newsweek could report that the sky was blue, and I'd still look for a second source before believing it.
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this!
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This is literally the only thing that could turn the tide on trump. Fuck with people’s money and they will find a way to gut you.
Edit: the people here being the CEOs.
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That’s just in general too. Once the checks stop coming in, that’s when people will start wanting answers.
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If anything can get this guy to change his overall tune, it's the money of his broligarchs
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Who would have thought chaos is terrible for business.
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Call me when they're vomiting. Maybe I'll hold their hair back.
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Yet more "dont worry citizens! Someone else will do the hard work for you!" slop from the media.