President Donald Trump lashed out at a reporter who asked how much economic pain he would be willing to tolerate as his tariffs wreck the stock market.The president returned Sunday evening to Washington, D.C., as U.S. stock futures plunged, indicating more market turmoil ahead, following two days go...
Summary
Trump snapped at a reporter who asked how much economic pain he was willing to inflict amid plunging markets triggered by his new tariffs.
Speaking after a weekend at his Florida resort, Trump dismissed speculation he was trying to crash the market, claiming tariffs would bring in "$1 trillion" and spur U.S. manufacturing.
When asked about a pain threshold for Americans, he called the question "so stupid," arguing economic “medicine” was necessary to reverse decades of "stupid leadership."
He insisted the strategy would make the U.S. "solid and strong again."
Well, it is a stupid question. A real journalist would ask how much more pain he's willing to let the American people tolerate for his poorly disguised reverse pump and dump scheme
His motives may be unclear, but his actions are crystal clear. He’s tried to enact tariffs already and been stopped before they were implemented because everyone knows the level of damage they cause. He’s moving forward this time. He’s deliberately crashing the global economy.
Why? Who knows? His Silicon Valley overlords demand it? I doubt it’s Putin, because Russia’s economy is hanging on by a thread, and the last thing they need is a global downturn, especially when it craters oil prices. Is it just that Trump is stupid, maybe senile, and ultimately in charge?
Regardless, the leader of the biggest economy in the world has decided that it’s time for a global recession/depression, so unless that course is changed, that’s probably what’s going to happen.
It's all plans from the '30s. Canada, the US, Mexico, Greenland, dismantling democracy to install technocrats, crashing the economy to bring back company towns - none of it is new, it's just being implemented in a nonsensical and incompetent way, so it seems random
It's not a good plan to start with, but there is a plan... One the oligarchs bought into, but without understanding how the plan was meant to be enacted
This is mostly consistent with what I've seen, but I would like to know more. Are there any books or articles on the topic, in particular how what is happening is like another attempt at the same plan now that most WWII vets and survivors are dying off/dead/otherwise incapacitated and so those who have the most reason to stop it from happening are much less likely to do so?
Apparently not. A group of intelligent people would never pick Trump.
That smoke filled room of Republicans talked about the Overton Window 30 years ago. They decided that they could move that window just by pretending to be much farther right than they really were. The thing about pretending is that if you do it for long enough it's not pretending anymore. Thirty years later they realized they've lost control of what they started. A quarter of the elected officials are now true believers, another half are under Russian blackmail. And anyone who speaks up (Liz- Dick Cheney, a list of others) loses their seat.
Everybody is thinking way, way too much into this.
If Trump would have to answer a question where he doesn't know the answer, or would have to admit that people disagree with him, or he feels even mildly challenged, this is considered a personal attack on him. You are trying to get him to admit to not being 100% perfect 100% of the time. And he responds to that by lashing out like a small child, attacking you, making up childish names for you, and insulting you. This is how he has always responded.
This has nothing to do with his thoughts on economic policies or the effects of his tariffs. He doesn't think far enough ahead to either know or care. This reporter had the audacity to challenge him, and Trump lashed out. That's all. That's how he always responds.
I can't understand how more people don't understand this. There's no depth to any of this. An immature, ignorant, narrow-minded idiot doing immature, ignorant, narrow-minded things. The media's sane washing is to blame, I guess, if not the straight propaganda from right wing outlets. But at this point if you're still giving the benefit of the doubt you're part of the problem.
I am trying to give him a delusional level of benefit of thr doubt in thinking that some fucking how these tariffs actually result in 1 trillion in new US manufacturing industries/investments.
Even by his own... """"logic"""" ... his plan makes no fucking sense.
Of course yes, in reality... it makes even less sense, because you don't get new manufacturing in a very high cost of living country without extremely well thought out industrial policy, subsidies, ways to attract needed talent, and investment, and ... you get it.
This rhetoric seems similar to that used by Milton Friedman and the Chicago school of economics. They applied 'economic therapy' to left-leaning economies in the late 1900s which involved rapid privatization of nationally owned industries. Negatively affected many otherwise healthy countries including England, Russia and Chilie.
The Shock Doctrine does a round robin of these events; highly recommended.
Project 2025 is about privatizing branches of government while citizens are too busy dealing with the fallout of economic collapse.
Russia was not healthy when it applied shock therapy. The Soviet Union was collapsing, massive political instability in Moscow, all sorts of countries moving out of the Russian sphere of influence, the first Chechen war started and so forth. It was fairly obvious that big decision had to be made, but unfortunatly Russia choose poorly.
How long did it take China to build itself into a self-sufficient superpower that produced goods for the world?
Around 50 years, with a tight rein on the population and a leadership that had consistency and a 30, 50 and 100 year vision that they continually executed against.
Even in the best case scenario of everybody rallying behind Trump and pulling together behind a single strategy that miraculously turns out to work, Trump will be dead in 30 years or less.
So HE probably isn’t realistically thinking this, even if it’s what he’s decided to tell everyone this week.
One thing about Trump: I do believe that underneath it all, he does want to make America a great nation. He’s just ignorant of how to do that or what it would even look like when achieved.
One thing about Trump: I do believe that underneath it all, he does want to make America a great nation. He’s just ignorant of how to do that or what it would even look like when achieved.
I don't think he does. I think he wants to make it a better place for him, and he doesn't get any further than that as a concept.
China's growth is not a story of self-sufficiency.
It is a story of doing state directed capitalism, making extensive use of international trade, much more productively, intentionally, and strategically competently than... basically any other economy in the history of the post ww2 world.
They are not self-sufficient in the sense of autarky, a hermit kingdom like North Korea with 0 international trade.
Vietnam basically 80s onward, is a similar economic story of a 'Communist' government/society/economy that did a good job of introducing elements of capitalistic economic systems into itself gradually, with great control, and much of its profits siphoned into further reforms and building up public services and infrastructure.... lots of international trade in all that, though they have been significantly less restrictive of foreign direct investment than China has.
... So is Japan, post ww2, minus the 'Communist' starting position, though with a good deal more foreign direct investment.
A free market republican/libertarian who learned how large of a role the government of Japan played in directly molding the evolution of its industries and manipulating its markets, openly, would call it 'communist', because they think 'communism is when the government does stuff'.
In reality, its state directed capitalism, but in Japan, they call this capitalism, in Vietnam and China, they call this same thing communism.
Their political systems and culture are all very different, but their economic organization and growth patterns actually have a lot in common.
China does capitalism, its just that the state explicitly owns the largest corporations. But these corporations are still ultimately playing the same capitalism game as all other corps... they just have a lot more subsidies from and control by the state/Party officials.
I do believe that underneath it all, he does want to make America a great nation.
I gave W that credit. I don't believe it's true for Trump, outside of the fully narcissistic version.
It appears his first priority is pleasing Putin. His second is getting a small number of people to applaud him. He doesn't give a single fuck about America or Americans as a whole.
One thing about Trump: I do believe that underneath it all, he does want to make America a great nation.
No. He just wants to be the leader of a great nation. Anything "great" that happens to America or Americans, would be entirely accidental. He never thinks about anything other than himself.
In fairness to Trump, he has never, ever experienced the consequences of his actions. Bankrupt? Didn't put a dent in his life since his father and banks kept the money flowing to him regardless, more than once. Rapist? No jail time. Fraudster? No jail, not sure that any fines have even been paid. So why would he think, when nothing bad happens to him and he can still golf the weekend away, that anything bad will happen to all the people losing their jobs, their investments, their retirement, their homes? Why don't they all have rich fathers and sycophantic bankers to bail them out? At very least they should have Russian mafia backers like he does, that make it look like he's a billionaire, even if it really is billions in debt to them.
I agree that he wouldn't consider the consequences, but you're mistaken if you think he has given even a single thought to the plight of the people his tariffs are impacting - his narcissism wouldn't allow the thought to even form in his orange head.
tRump always speaks in a clear, concise, fact based, evidence based, and in a verifiable manner. He uses proof such as "medicine," "stupid," "someone said," "I heard," "everyone is saying." "Economic medicine," what is that?
1991: Trump Taj Mahal
1992: Trump Castle Hotel & Casino
1992: Trump Plaza Casino
1992: Trump Plaza Hotel (not a casino, 'just' a hotel.)
2004: Trump Hotels & Casino Resorts
2009: Trump Entertainment Resorts (casino holding company)
There are numerous other businesses that failed spectacularly, too.
Then there are the failed businesses that were neverbsupposed to succeed because they were fraud from the inception, like Trump University. They announced it and promoted it, and signed up students, who took out student loans ffrom the government and sent them to thebadmissions department.
Then it turned out that they never bought/ rented a single building, hired no teachers, never created a curriculum, etc. They didn't do one thing to create a school except sign up students and take their student loan money. It didn't go bankrupt, it never existed, but they sold it anyway.
It was always all about him. The election was the only way he was staying out of prison and the campaign was lie after lie after lie, telling his moron supporters what they wanted to hear, in order to secure their vote. He doesn't give a shit about those people once they've posted their ballot.
I don't get it. If your position is that a temporary downturn is necessary then the question seems very sensible. And somehow Trump says it is necessary but asking about the maximum extent he'd go for is very stupid?
It's not supposed to be temporary. They want to destroy the economy. They want to destroy the entire system that FDR started. They want to tear down the US and their Western allies, that's their true goal, and create something like Praxis in its place, a supposed libertarian paradise where every city and piece of land is controlled by a Corporation that has judicial and executive power over one territory, a fiefdom.
The Heritage Foundation, famous for Project 25, has its interests aligned with the technofeudalists because this measure will give enormous power to the Churches, which in essence are nothing more than Corporations too.
Opus Dei is one of the groups behind the Heritage Foundation's Project 25, whose current president is Kevin Roberts, who has an extensive history of involvement with American Catholic organizations.
Here you can see Kevin Roberts speech at CIC (Opus Dei Headquarters on K Street, Washington DC) last year,
And if you, my reader, still think this will be good for your small or medium-sized business. Remember. In a world where Corporations are Kingdoms, new entrepreneurs are separatists. They will be crushed.
"necessary to reverse decades of “stupid leadership.”" - Four years of which HE was in charge - or in HIS brain eight, seeing as he still believes he won the election before this one.
Pitch me ideas for a good economic torture machine. Like a device where we chain up a guy and there's this bill counting machine giving him paper cuts.