Americans do not have any sense of what it looks like when you blow up all trade. They have never seen someone blow up all trade. They do not have any conception of it and they do not get that the market could go down 40% in a week.
People will die and this is entirely preventable. Just fucked.
I went with 64 rolls yesterday, plus 32 paper towels and some diapers. It'll likely save me about $100 over the next 4 months.... not a lot but chips away at the $7000 MAGA's tariffing crap is going to cost us.
It takes time for this stuff to sink in. Let's see what the national mood is like in another week. People who actually work all day will start catching conversations about it at soccer games, family gatherings, etc.
It will still take a while until companies’ earnings take a hit, say 3-6 months. Then the layoffs come. Only then when some Americans start grasping the reality.
I just called both senators and congressman. The one thing that might get them to act is the stock market crashing. This might prompt the corporate donor class into action.
They don't. Family and hometown acquaintances are cheering. I'm truly curious how they believe this is good. One is a vet who lives in FL. How does gutting FEMA and the VA translate to good things for him?
Most Americans grasp what's going on but are powerless to do anything about it, save protests.
Republicans could do something about it but are still too cowed by trump to save our democracy. trump's recklessness could tip the scales. Some could eventually oppose him. Let's hope.
I think a lot of people think of the stock market as where wealthy people invest as opposed to a proxy for the state of world commerce, jobs, and growth
We should tell Democrats to be more relatable to dumb people. That'll fix it. Have more bro content. Attack wokeness. Try to sound more like the people who don't understand math and science. Once the stupid people feel seen, the global collapse will just magically fix itself.
No, they don’t. Because they are unable to look at Trump’s head and see that he has a cuckoo clock for a brain. In America, the assumption that a white man is competent to do his job is nearly as ineradicable as the assumption that a Black woman is a diversity hire (see 2024 presidential election).
Trump's busy!! He can't fix the economy AND meet dead service people with dignified ceremony AND run foreign policy....He golfing with the Saudis godamn it!! Priorities!!
Yup. I know that's hard to grasp when you're one of the few dialed in, particularly if the people you're surrounded by are also paying attention. But millions of Americans have no fucking idea. None.
Fox telling their sheep: it’s a correction, it’s fine, it’s all good, it’ll make America
Great Again…the sheep are ignorant.
When they do grasp it & they will, economically, let the sheep screaming commence.
It’s coming.
I need to believe this for sanity’s sake.
Since most Americans don't know what a "future" is (beyond the very basic description they kinda remember from "Trading Places") I'm gonna go with no. No, they don't. But somewhere someone with gonads is trying to fence with girls, and Trump will fix that, so, you know...trade-offs.
He had Lutnick do the tariff math just like how he had Cohen & Weisselberg do his business value math… “These are the numbers I want to see, make it work!”
He’s treating the economy exactly like his company & is bankrupting it because he is a moron surrounded by more morons.
The question being how bad things have to get before the voters of America's trailer courts realize what Trump is serving them and pull their snouts out of the Republican toilet.
"The tariffs are a success if you lose everything and he gets rich."
That's how Trump has always operated. Yes, his businesses have gone bankrupt, but he, personally, hasn't ever. He funnels money to himself and leaves everyone else holding the bag. It's his nature.
My husband just read me a post from a high school friend of mine, a businessman, who quoted all of the horrific stats and then said… But I’m going to stick with him because I think in the long run, it might be better. Idiot.
JVL, beg to differ: I think it’s dawning on more and more Americans just how much of a s**tstorm this is. They haven’t seen it yet up close and personal (groceries) but they will soon enough.
I fully admit my financial illiteracy. I do know it’s bad. But I don’t understand why and how bad. I understand his authoritarian nature and threat to democracy but I don’t understand markets.
As economists have pointed out, these are bets on the profitability of US companies in the medium to long term. So the short term pain argument evaporates.
I remain convinced that the *real* losses won't start until companies start putting out earnings reports showing the impact of tariffs. Until then a lot of traders will stick their heads in the sand.
That’s the most terrifying part of this tbh, all this plummeting is the fucking preamble. The real crash will happen when a major firm actually goes under.
If Americans fully grasped what was going on we’d have a different president. I have very little confidence that the truth will reach more than 40% of the people in this country.
The truth is high prices, parents skipping ss payments, empty grocery isles…this experiment of a second MAGA wave could only be reversed by way of its logical ending: average Americans being pulverized by the party they voted for.
That’s my point-MAGA never loses the 30% no matter what media says. The others who voted for him…well, they’re going to have to suffer with the rest of us to change their votes in the next election.
You don't understand. The stock markets are crashing because it suddenly dawned on investors that this is ostensibly Trump's final term in office. They're just worried and pricing in that these ingenious policies won't continue beyond 2028.
I know it's really really bad, but I don't speak stocks so I don't know really even the broad strokes. I mean I can see that my 401k is already starting to tank. But, can you illuminate with a couple of prescient points to help dummies like me understand?
They don't. It will take time for the price hikes to show up, then the lay offs. Two months from now people will start to understand. But right now it's just numbers on a screen.
People are very conditioned to expect "the grown ups" to take care of things so they don't have to. The problem comes from electing a bunch of immature celebrities to run everything because they seemed less boring.
Probably because most of these idiots that support him don’t have money in the stock market and don’t understand how it affects them. They believe he’s leveling the playing field and doing it all for the country.
I grasp it fine. But I can do nothing directly about it. That makes me feel...tired. But nobody can escape the fallout of Trumps disastrous policies. Not even Trumpers. They might not grasp things yet, but they will.
After seeing fb posts in the last 30min after dow closes down 2200pts...not only do they not "fully grasp" anything, they haven't even lifted a hand to reach for it.
I can’t even look at my retirement accounts. Seriously. I might have a stroke. My husband WAS going to retire in less than 5 years. I am about 10 years out. Is it possible to work ‘til I’m 80???? Dumb Fuckers 😡😡😡
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People will die and this is entirely preventable. Just fucked.
Look at your retirement account!
LOOK AT IT! 😲😲😲😲
Republicans could do something about it but are still too cowed by trump to save our democracy. trump's recklessness could tip the scales. Some could eventually oppose him. Let's hope.
https://youtu.be/Fl4Oms4qcoE?si=oPLOly8O2gMZB6mr
The only way this coasting is possible is because it is all downhill.
There is a gigantic segment of the population completely divorced from reality. It's terrifying.
Fox telling their sheep: it’s a correction, it’s fine, it’s all good, it’ll make America
Great Again…the sheep are ignorant.
When they do grasp it & they will, economically, let the sheep screaming commence.
It’s coming.
I need to believe this for sanity’s sake.
He’s treating the economy exactly like his company & is bankrupting it because he is a moron surrounded by more morons.
"The tariffs are a success if you lose everything and he gets rich."
That's how Trump has always operated. Yes, his businesses have gone bankrupt, but he, personally, hasn't ever. He funnels money to himself and leaves everyone else holding the bag. It's his nature.
I'm sure the rich who can weather the storm and buy up the assets of the poor.
Criminals who can act with impunity.
But for 90% of us it's gonna be bad.
👍
What is even rich?
Right now what is rich?
I mean this has the means of making rich people not rich...if the global economy collapses.
It obviously recovered to 45k.
Did some outside and uncontrollable force come in and destroy us? No. We elected to do this to ourselves.
Why? Eggs and girls sports.
It’s time for some cultists to get what they voted for good and hard and relentlessly.