Trump is losing his foolish trade war. This will cost ordinary Americans greatly
Trump’s trade war has pushed up inflation, slashed US job gains, slowed economic growth and caused the manufacturing sector to sputter
cross-posted from: https://piefed.ca/post/140509
Trump Is Not Losing Because Trump Is Not On Our Side. Trump is winning.
A fair point. He continues to make money on tariffs even as poor people are forced to pay them to keep losing.
He’s winning by walking across our backs.
He's winning due to a serious lack of reality checks among the general American public. Aside from a generally pissed-off left, most of the country is still laughing at memes and planning dinner parties with their family and friends as if it were any other time. They don't believe it can get as serious as it can get. The American public has been in a safe stasis field for 40+ years. Most people don't remember the last time they truly panicked about anything beyond rent, or why they ever would.
If we all woke up to this shit, looked around and saw the same agreement on eachother's faces to right this wrong, we could.
We probably won't, tho.
Trump isn't engaging in a trade war, he's shaking the market so he and his goons can buy low and sell high predictably and frequently, at the cost of our savings being made increasingly worthless.
The only 'trade' happening is insider trading.
I really hate how we still give him the village idiot pass every single time he damages our country. He isn't trying to do good and blundering his way into failure, he's trying to do harm to us while enriching himself.
You are so right. My most downvoted comment on Piefed ever was about how Trump might be doing something out of pure greed instead of just stupidity, and I was called a "moron" for thinking that Trump was capable of something other than imbecility.
He is the very personification of greed. And tariffs give him a perfect vehicle to screw everyone over so he can make money whenever he wants. We say, TACO, he chickened out. He still makes money on the announcement of a change in tariffs. In fact he makes money when he announces AND when he withdraws the change.
I was called a “moron” for thinking that Trump was capable of something other than imbecility.
Sounds like they are the morons. Trump is perfectly capable of being led around by the nose. In fact, I suspect that is the only thing he's capable of now.
How many times has he tanked some part of the marked and then chickened out and let the market rebound? I cannot believe this has been just his toddler-like thrashing around. There is just no way that some people aren't making enormous profits on this.
HE is not losing. WE are losing.
Dear Americans. I'm sorry, and I know not all of you are idiots. But I'm starting to run out of fucks to give.
Good, maybe the sooner we actually see consequences the faster we can get through this
There must be pain before action begins. This is necessary.
I agree. The longer we go without feeling the pain from the damage he is causing, the more damage will happen. It is similar to his Medicaid cuts not kicking in right away. Too much time will pass between the action and the negative effect caused by that action.
This is the part I find most galling - the Americans are too comfortable. The people don't want to jeopardize their comfortable livelihoods and individual lives so expect the 'powerful elected officials' to do their bidding. After all, the public gave them the power to do just that. Otoh, the politicians don't want to jeopardize their cushy jobs and accumulated power by challenging the majority, so are waiting for the public to start a jan6 situation so they can point and say, 'see, the people are unhappy so we should act'.
It's a shitstorm of no consequences and a man child literally hacking away at the country and no one seems to be doing anything meaningful.
BUT Trump told me we're WINNING so this is FAKE LIBRul MedIA! I do my OWN RESEARCH!
I can fit 12 Peruvian avocados up my butt, which I learned, by doing my own research.
Russia is winning
I think you misspelled China. And the way USA is screwing up, I suppose China even deserves it.
Russia on the other hand is economically in ruins due to the war against Ukraine. Putin miscalculated every single aspect of that war. And will not be able to recover fully within 2 decades.
I think people are smoking crack if they think a Trumpcession will hurt the MAGA movement at all. These guys could lose their jobs and be stuck eating lentil soup to survive and insist the economy is great or will be great again any moment now. I truly believe that there is a significant subset of the population who cannot be helped because they simply cannot defy Trump for reasons that are quite frankly incomprehensible to me.
Yeah, but Taco Camacho got that really cool trophy from Apple.
Don't you dare tarnish the good name of Camacho! He's ten times the president that that old orange buffoon could ever be.
