"There are a lot of Trump-aligned voices telling people to calm down. Selloffs happen.
And it’s true. People tend to regret panicking.
But this is one of the fastest selloffs of the last century, while the President pursues a policy that virtually no economist will defend."
-J Weisenthal
Treasury Sec Bessent says a
‘DETOX' period for the economy doesn't have to be a recession.
It'll be a deep #recession.
“Are tariffs bad for growth? Yes, say 5 decades of data from 150 countries”
‘I’m not going to bend at all’: Trump doubles down on tariff plans as stocks sink"
"The WH is focused on the ‘real economy’ & not concerned about ‘a little’ market volatility"
-TSY Sec Bessent
Trump surrounds himself with yes-men -only they lie more eloquently. They're more responsible for the carnage than Trump -could stop the #tariffs #firings #stagflation #recession...
#USPol #Coup #Resist
https://www.cnbc.com/2025/03/13/trump-tariffs-eu-stocks-sink.html
#US #tariffs could thrust #Germany into #recession, central bank governor says https://www.cnbc.com/2025/03/13/us-tariffs-could-thrust-germany-into-recession-ecbs-joachim-nagel.html
Treasury Secretary Bessent said the White House is focused on the ‘real economy’ and not concerned about ‘a little’ market volatility.
Trump's meanness & erraticism is problematic for his advisors, but Bessent is a smooth talker, paints Trump's plan to destroy the fed govt, as a minor hiccup, & normalizes an imminent, catastrophic recession.
Please watch.
#Recession #MarketCrash #Stagflation #Coup #Resist #Tariffs #Firings #Musk #DOGE #USPol
"There are so many dark spots and bloodstains. Someone should start a casualty count page or site for all the people who are dying as a result of the Trump/Musk rampage."
#Musk #Trump #destruction #economy #tariffs #insanity #StockMarket #recession #media
/8
"'Considering his assault on virtually every government function that helps ordinary people — suggests another dimension to his revenge tour. It is almost as if he wants to inflict pain not just on a specific set of individuals but on the entire nation as well.' America is the woman who dared to leave him; he's the obsessed ex-boyfriend bent on punishing her for daring to consider her needs instead of his."
#Musk #Trump #destruction #economy #tariffs #insanity #StockMarket #recession #media
/7
(continued from /5)
"who were shoved aside or just not noticed by the new kids in town, and the collapse of the US economy will be expensive, for thee and for me if not for them. …
Jamelle Bouie, who's about the best writer left at the New York Times, proposed an explanation or rather just described accurately what so many media people can't bring themselves to say:"
#Musk #Trump #destruction #economy #tariffs #insanity #StockMarket #recession #media
/6
"I am tired of mainstream media pretending that neutrality and gullibility are the same thing. They need to stop saying this is about efficiency– or as NBC recently put it 'cost-cutting efforts'--because the government actually had experts on costs and expenditures and efficiency in place," (continued in /6)
~ Rebecca Solnit
#Musk #Trump #destruction #economy #tariffs #insanity #StockMarket #recession #media
/5
https://www.meditationsinanemergency.com/outrages-and-idiocies-week-seven-of-the-stupid-coup-2/
"The truly concerning aspect is how easily the media has normalized this behavior [the insane Tesla commercial at the White House, i.e.].. By treating it primarily as a quirky story about Trump buying a car rather than a serious breach of ethical norms, they're laying the groundwork for more of this behavior."
#Musk #Trump #destruction #economy #tariffs #insanity #StockMarket #recession #media #Tesla
/4
https://www.readtpa.com/p/the-media-treated-trumps-tesla-stunt
"It’s only beginning to dawn on Americans, Canadians, Europeans and the rest of the world that Trump is perfectly serious about annexing Canada, Greenland and perhaps other territories by forceful means."
~ Timothy Burke
#Musk #Trump #destruction #economy #tariffs #insanity #StockMarket #recession #media #Canada
/3
https://timothyburke.substack.com/p/the-news-believe-that-the-worst-is
"The central problem, which the mainstream-media coverage elides, is that Trump doesn’t seem to understand how tariffs work. He talks about them as taxes on foreign countries, when in fact they are taxes on imported goods, generally paid for in the form of increased domestic prices. …
The press should revisit the issue of his mental fitness – as well as constantly put the trade war in its proper context."
#Musk #Trump #destruction #economy #tariffs #insanity #StockMarket #recession #media
/2
"Reading and watching the dutiful daily coverage of Trump’s trade war, you might well have no idea just how crazy it is.
The reality is this: There’s no good reason for it, it hurts everyone, and it’s arguably going to tank the American and international economies."
~ Dan Froomkin
#Musk #Trump #destruction #economy #tariffs #insanity #StockMarket #recession #media
/1
https://criticalread.substack.com/p/press-coverage-of-trumps-tariffs
T"hat might be the greatest bait and switch in American political campaign history, from 'lower prices on Day 1' to '100 years of economic pain.'”
~ kos
#Musk #Trump #economy #stagflation #recession #StockMarket #billionaires #tariffs
/23
https://www.dailykos.com/stories/2025/3/11/2309328/-Trump-is-full-of-excuses-as-he-tanks-the-economy
"The MAGA Republicans are torching your quality of life while pretending they’re doing you a favor. It’s not just dishonest—it’s dangerous. They’ve turned the U.S. Congress into a bad reality show, and everyday Americans are the ones paying the price."
~ Ben Meiselas
#Musk #Trump #economy #stagflation #recession #StockMarket #billionaires #tariffs
/22
https://www.meidasplus.com/p/rep-joe-neguse-on-republicans-cheering
"Donald Trump’s global tariffs on steel and aluminum imports came into force on Wednesday, placing a 25% tax on all imports of the metals into the US from any country 'with no exceptions or exemptions.'
The move threatens to push up prices for consumers as they bear the brunt of resulting product cost rises, in everything from houses and vehicles to home appliances and beverage cans."
~ Clea Skopeliti
#Musk #Trump #economy #stagflation #recession #StockMarket #billionaires #tariffs
/21
"So, the stock market’s been sliding like bacon grease on a hot griddle. On Monday and Tuesday all three major indices had their worst days since August, and fears of a looming recession are already here. And only 50 days into Dear Leader’s reign!"
~ Marcie Jones
#Musk #Trump #economy #stagflation #recession #StockMarket #billionaires #tariffs #firings #workers #FederalGovernment #Tesla #insanity
/20
https://www.wonkette.com/p/newsmax-host-trumps-big-balls-are
“I’m going to say this at risk of my job. But what President Trump is doing is insane. It is absolutely insane. It is about the eighth reason we’ve had for the tariffs. …
Insanity is not a strategy. I’m sorry."
~ CNBC senior economics reporter Steve Liesman
#Musk #Trump #economy #stagflation #recession #StockMarket #billionaires #tariffs #firings #workers #FederalGovernment #Tesla #insanity
/19
https://www.thedailybeast.com/cnbc-reporter-shreds-trumps-insane-tariff-moves/
"As stock slumps drain America’s 401(k)s, Trump props up his billionaire sidekick. As Wall Street reeled for a second straight day on Tuesday, President Donald Trump chose not to appear with worried working people but to prop up the share prices and wealth of the world’s richest man – Elon Musk – with a bizarre sales pitch for Tesla on the White House South Lawn."
~ Stephen Collinson
#Musk #Trump #economy #stagflation #recession #StockMarket #billionaires #tariffs #Tesla
/18
"You don’t need a PhD in Economics to understand that when an economy is slowing, cutting federal spending, causing massive layoffs and increasing taxes by way of tariffs are a recipe for financial disaster. ...
Trump just updated Marie Antoinette’s infamous line 'Let them eat Cake' when told that her subjects could not afford bread to, 'Let them drive Teslas.'”
#Musk #Trump #economy #stagflation #recession #StockMarket #billionaires #tariffs #firings #workers #FederalGovernment #Tesla
/17
"With Trump we are facing even more potential economic pain because Trump is combining tariffs-which are a tax on consumers—with massive cuts to federal spending and layoffs in the area of 20% of the federal workforce."
~ Dean Obeidallah
#Musk #Trump #economy #stagflation #recession #StockMarket #billionaires #tariffs #firings #workers #FederalGovernment
/16
https://deanobeidallah.substack.com/p/trumps-response-to-causing-a-recession
