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hanseatic.bsky.social
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The craziest thing about the California housing crisis is how it's likely the substantively single most important issue facing the state yet still has extremely low political salience among Democrats. It's like they want to pretend it's not a problem

Trump desperately walking back from his trade war with China and continually pushing critics that mollify him suggest that there's not a huge incentive to countries making any sort of deal with the US

Elon's damage to Tesla and Trump's approach to tariffs have a lot of similarities: extremely arbitrary decision-making that will cause long term damage to the brand. I don't think Trump or Elon that they can't put the genie back in the bottle

We've moved pretty quickly on from "the letter to Harvard was a mistake" given how quickly the administration is trying to pull additional money based on the letter's demands. www.wsj.com/us-news/educ...

I think the most likely outcome here is Trump gets a bunch of "deals" that are largely ineffective (unenforceable promises to buy oil/weapons/ag. products). But if he's truly trying to make deals, IMO they'll be like the Brexiters- unprepared for an army of lawyers who will be going over minutiae

There's going to be like 12 more rounds of Trump officials pretending they're close to a deal but eventually they either have to have something signed or resume tariffs

It's rather funny that Democrats had 4 years of adverse rulings from the Supreme Court, their response to which was "perhaps there should be more justices", whereas Republicans after the first adverse ruling by the same court was "we should do a January 6th to the court system"

"Never back down, never surrender" being a terrible strategy for Trump example number #654

I think it's fairly possible the 2028 election ends up with roughly similar demographics to 2020. Young voters have seen a spike in net disapproval, and if Trump continues aggressive immigration crackdowns you could see Latino voters revert to roughly 2020 levels (plus population growth)

Consumer sentiment is at recession levels already and the impact of tariffs hasn't fully hit yet, and there's likely to be a lot more pain to come because we haven't seen any major drawbacks of investment, layoffs, or small businesses shutting down from tariffs yet

Trump's gotten away with a lot of bad moves because he's all too happy to take whatever fig leaf offered him and spin it as a "win"(see the soybean deal from his first term). This might be the first time a country has made clear Trump has to back down first

Trump backing off most tariffs is good, alright effectively uncoupling from trade with China is going to cause some real pain, and a 10% worldwide tariff is going to bump prices up. The bigger issue is constant delays just boost uncertainty and drag things out longer

It's highly amusing to imagine Lutnick and Bessent trying to go back to working on Wall Street after all this

The Trump strategy of "never apologize never back down" is going to work very badly when it comes to tariffs

Graham is quoted here as saying he doubts Dems will appeal the current policy baseline to the parliamentarian and she'll rule against GOP. They're either going to play a gigantic game of chicken or they've already decided to pass the bill regardless of what she says www.nbcnews.com/politics/con...

Given how badly the tariffs are going I think Democrats need to recognize they will be political malpractice to implement for the next 25+ years, so might as well go all in attacking Trump on it