this post was submitted on 07 Apr 2025
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“By placing massive and disproportionate tariffs on our friends and our enemies alike and thereby launching a global economic war against the whole world at once, we are in the process of destroying confidence in our country as a trading partner, as a place to do business, and as a market to invest capital,” Ackman wrote.

He argued that Trump should consider calling a “90-day time out” that would allow him to negotiate and solve “asymmetric tariff deals, and induce trillions of dollars of new investment in our country.”

If that doesn’t happen and instead the U.S. launches “economic nuclear war on every country in the world, business investment will grind to a halt, consumers will close their wallets and pocket books, and we will severely damage our reputation with the rest of the world that will take years and potentially decades to rehabilitate,” Ackman wrote.

“What CEO and what board of directors will be comfortable making large, long-term, economic commitments in our country in the middle of an economic nuclear war? I don’t know of one who will do so.”

Ackman predicted that if markets crash, “new investment stops, consumers stop spending money, and businesses have no choice but to curtail investment and fire workers.”

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[–] [email protected] 26 points 1 week ago (2 children)

eh, after trump, we'll probably hear a lot of breathless shit about "america is once again the leader of the free world" as the dogs come crawling back

[–] [email protected] 22 points 1 week ago (1 children)

Burning bridges is fast, rebuilding isn’t. Even though money seemingly helps. Yet they’ve opened the can, may they choke on the worms.

[–] [email protected] 14 points 1 week ago (1 children)
[–] [email protected] 9 points 1 week ago

Let’s wait. I all out of hoping for now. Shit has been finding ways to surprise me in ways, it’s worse than I expected. And I almost exclusively expect the worst I can imagine.

[–] [email protected] 16 points 1 week ago

Of course. History doesn't rhyme, it fucking repeats. As Trump term 2.0 proves.

In fact, it repeats in cycles so fucking short that you'll go through 15-20 fucking "Groundhog day" presidencies in your lifetime. Just the absolute dumbest shit that was already proven the term before, with nothing learned and nothing improved, repeated until finally, the empire dies, the nightmare ends, and we can all finally die. A-fucking-men. Yes we can. Hope and Change! (On record admitting he "governed like Reagan, and he was 100% honest in that, to his credit) It was her turn, because it was her turn. Then a colossal failure. Then, next? Well, it was her turn, because it was... her turn! Same god damn shit with a different name. Loser careerists who care nothing except about their next promotion, or the next committee they can lead, against true-believing sociopaths either wanting to destroy America to create a feudalist society or even (somehow) bigger true-believing sociopaths trying to earnestly bring about, in their broken minds, the end-of-times and rapture.

It's not going to change until we die, then we get peace. Finally. Because it's never going to be her turn and it isn't ever going to be the rapture and hope and change sounds nice, and it'll happen, but it's a futile hope and an negative change. I guess the silver lining (heh) is at some point, we might become a truly feudal society, and someone wins and breaks the cycle. I guess I know who I'd bet on, if I had to. But then, that also means I also know who I'd redacted if I could.

So, that's something.