Trump campaigned on his unhinged plan to impose tariffs on the entire world and Corporate America could have made it clear that this would have devastating consequences for consumers and the economy but instead they just assumed that Trump would not follow through and supported Trump
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Krugman has a quick response
So many others wouldn't vote for a woman.
So many other others wouldn't vote for a POC.
And that was just enough.
I hope they don't tariff THAT.
Increased COG’s gets past to consumer, fewer sales equates to higher retail prices for those goods and services that the above average buyer will continue to buy.
Obviously, understanding psychology, understanding people, is not their forte. Surprising, since their money is at stake.
In which case, what do they have to lose by standing up to Trump, unless they agree with his policies?
I don’t know, maybe they are so rich this will not affect them.
Musk is taking a hit - but he’s been through most of the gov’s data and got their war plans so he’ll manage to make a buck or two yet.