shocking, unreal. entirely voluntary nuclear detonation of the economy by the incoming presidential administration, in pursuit of a secret policy agenda that it mostly denied throughout the campaign - ThreadSky

whstancil.bsky.social • 3 days ago

shocking, unreal. entirely voluntary nuclear detonation of the economy by the incoming presidential administration, in pursuit of a secret policy agenda that it mostly denied throughout the campaign

Reposted from Bill Kristol

"Consumer sentiment plunged 11% this month to a preliminary reading of 50.8, the U. of Michigan said in its latest survey, the second-lowest reading on records going back to 1952. April’s reading was lower than anything seen during the Great Recession."
www.cnn.com/2025/04/11/e...

Comments

ajgenz.bsky.social•3 days ago

Even worse. This is what people think before the worst effects of the tariffs go into effect, while most of the rest of the world still kind of treats us as responsible actors due to inertia and disbelief, and before the DOGE effects in destroying government capacity really begin in earnest

woolspool.bsky.social•3 days ago

We used to take two vacations a year. One in the winter and then to see family in the summer. We aren’t going anywhere as we are on SS and my husband is a retired veteran. We no longer have confidence we will receive our monthly deposits.
We cashed in part of our savings and are hoarding cash.

louisposter.bsky.social•3 days ago

what did they deny? trump was pretty clear about being a big fan of tariffs.

nyclin.io•3 days ago

What was secret about it?

davehunter.bsky.social•2 days ago

Is the collapse in consumer confidence causally connected to Trump? Can anyone explain how this works in the "vibecession" framework? I thought it meant that people don't react to the economy, but instead orient themselves to the people around them, and economic sentiment manifests out of nowhere.

guachi.bsky.social•2 days ago

People are reacting to real uncertainty about the economy. It's logical to conclude that high tariffs and mass government layoffs will increase prices and reduce economic growth.

davehunter.bsky.social•2 days ago

But how does that jibe with "vibecession" theory, which concludes that humans do not have the ability to logically react to economic policy?

charlene411.bsky.social•3 days ago

muddycat.bsky.social•2 days ago

The stupid, it burns.

twitteraddict.bsky.social•2 days ago

Needs more JPEG compression

charlene411.bsky.social•2 days ago

please make a new one🇺🇸

mikemillennial.bsky.social•3 days ago

“I don’t know anything about it (project 2025) and I don’t wanna know”

drewned.bsky.social•3 days ago

"Mostly" is doing an extraordinary, Herculean exercise in lifting

barnett-matt.bsky.social•3 days ago

Not much of a secret when they wrote a 900 page plan, gave it a pithy name, then shared it publicly.

jslez.bsky.social•3 days ago

but the fentanyl … it was an emergency

bookhouse.bsky.social•3 days ago

They didn't even deny it themselves most of the time - most of the dismissal came from ostensible news orgs like the New York Times

b0t.bsky.social•3 days ago

they said they weren't gonna. that's all that matters. they winked to their buddies, crossed their fingers, called us idiots, and built a coalition of all the people who wanted to do the stuff... but we gotta print what they say!

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