All this crap by Sec’y of the Treas Scott Bessent about not being worried about the markets “in the long term” is just pathetic. In the long term, as Keynes said in 1923, we’re all dead.
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Resisters call in sick on 3/19/25. Truckers, bus and train drivers, unions, air traffic controllers, pilots, cabbies, IT, manufacturing, etc. Please stay home as long as possible. This action will help to get our message against tyranny out and show the world we won’t allow this takeover.
…and to not acknowledge the pain and devastation this has wrought is a pure example of the out of touch craven attitude of this administration. Total prick.
Scott Bessent has this incredibly annoying habit that every time he says anything in public, the markets immediately tank 150 points (yeah - today, too!). Also, fuck him and his "detox". In the end, it will turn out that when you get rid of government, the economy implodes...
Funny how they tried to say the economy was why they couldn’t vote for Harris. With straight faces.
Now that it’s way worse than before, what ever will they say? Can’t blame Joe. It was doing OK when he left.
Billionaires shouldn’t say a word about the long term. Not when there are so many people living paycheck to paycheck. He’s tone deaf and will go down as one of the worst secretaries of the treasury. I don’t trust him.
Sidenote: please, if you have a way of contacting the Bidens, trump has blamed him in every speech and every tweet for a month
So his cult will be OK with their arrest
1/2 of the country is not paying attention
the judicial system is paralyzed
They need to leave the country soon, SOON
Funny how rich people always told us that "bread and circuses" (taking care of those in need) would be the downfall of the nation, and yet over many decades, that never happened... but here we are seeing the nation being destroyed in just weeks by billionaires and their egos, dominance, and greed.
Angry that Bessent tried making the point, WITH 0 PUSHBACK, that the actions are being done responsibly. Couldn't be a bigger lie. DOGE horseshit is the dumbest biz approach ever (no context, no ROI, 0 future state,etc).Trump's tariffs are seat of the pants- as 1 would expect from 6X bankrupt idiot
Pretty sure Keynes also said economic growth would mean we’d have 2 hour work weeks because the higher Econ activity means more leisure time. Instead we decided to work way more and be miserable paycheck to paycheck
The Billionaire's won't hurt, but us Vets, Retired, Disabled and hard working folks will be crushed. It's been clear Republicans and Trump doesn't care!
Treasury Secretary Bessent must've been infected with Kennedy's brain worms. He cuts a pathetic ass-kissing figure when being interviewed, as do each of Trump's Cabinet members and most Republicans.
The longer we normalize helplessness, the worse our situation as a people. The Constitution not to mention the Age of Enlightenment is at peril from disappearing.
Sadly, they know that. And they don’t care because the only people they care about is themselves. This is all about project 2025 and their freedom cities, and in those scenarios every day people don’t matter.
Have tois to step away from looking at it from a lens of morality. B/c they don’t have any.
I am all for long term thinking based on productive investment. Quarter to quarter as a corporate governance model is seriously flawed. But when what you are doing is viciously destroying goodwill capital built over decades, you have lost all credibility regarding your putative long term vision.
No matter what anyone says about the markets, I believe April 2 Tarrifs actually going into effect will trigger another sell off. Foreign investment $'s outflow to EU underway?
Works for the private rich investors. But not so much for the guys paycheck to paycheck. These guys have no clue. This is the equivalent to “let them eat cake”
It would take at least 10 years, at warp speed, and many billions in investment (including subsidies) to make appreciable manufacturing gains. The tariffs won’t last nearly that long, so a rational actor will just wait.
If you're very wealthy and have minimal future obligations, recessions are great--buy stuff at fire sale prices and wait out the recovery. That's what hedge funds and corporations did when housing collapsed under Bush II.
He's not worried because he's in on the plan to destroy America and give it to the wealthy. He's a recipient. He's probably trying to accelerate the effort.
I'll bet he's oblivious to the organic boycotts that have taken hold in the Americas, Australia, and Europe. Tariffs can be taken off, but organic boycotts will last way longer and will cripple the economy. The longer a Felon leads this Nation, the longer the boycotts... the market will struggle.
Clever. Plus, depressingly, today there are a few dozen Yemenies dead in the short run and we are on the brink of multiple wars because we did not have the good sense to listen to learned law professors 30 some years ago about how the usurpation of Article I power is illegal and dangerous.
Apparently the Fed is actively calibrating its monetary policy to address economic conditions.... that is, a lot of quantitative easing to avoid a stock market crash. He's helping out tRUmp. Of course.
Scott Bessent is multi billionaire. What he means is he’s not worried about himself, he won’t feel pain. Republicans have no ability to feel guilt, empathy or compassion.
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Now that it’s way worse than before, what ever will they say? Can’t blame Joe. It was doing OK when he left.
Bessent..uh... not!
So his cult will be OK with their arrest
1/2 of the country is not paying attention
the judicial system is paralyzed
They need to leave the country soon, SOON
💯
A know-nothing sycophant, which pretty much sums up his cabinet choices.
https://45Harley.github.io/boom/
General Strike:
https://generalstrikeus.com/strikecard
From that perspective "long term" is anything over a month.
Have tois to step away from looking at it from a lens of morality. B/c they don’t have any.
Has he ever had to actually struggle to make $$ ends meet?
What an elitist !
A short term investment gone wrong.”
https://www.threads.net/@seanbaggett81/post/DHVJ4W2gFIX?xmt=AQGzbYN2QlYCPN8Qg0kFm5x1mI3k0j7t6KaGERuMSONkkw
https://www.newsweek.com/who-curtis-yarvin-conservative-linked-jd-vance-wants-monarchy-2017221
But, the oligarchs will take a bath with their money being reduced in value.
The long-term for sure will be about the same time it took us to get out of the stock market crash in 1929. Because here it comes again.
Always funny when billionaires preach patience—as if they’ve ever had to check their bank balance before the buy food or go to the doctor.