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[–] 139 points 1 year ago (3 children)

What could possibly go wrong when you give the most important job in the world to the most unqualified person ever?

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  • [–] 34 points 1 year ago* (5 children)

    We need to dispense with this notion that Trump is "unqualified." He is very qualified for the job that he actually set out to do, and has been accomplishing it expertly.

    It's just a different job than the one you think it's supposed to be.

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  • [–] 6 points 1 year ago (1 child)

    Trump is overqualified to take us right into bankruptcy. He's been here so many times! Don't worry! Just ask for money from stupid people that have money!

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  • [–] 9 points 1 year ago

    Unironically, yes. You wanna know why Trump's businesses kept going bankrupt? Because they were never meant to be sustainable in the first place. They were scams -- probably fronts for Russian money laundering -- and designed to have all the money extracted and then implode on purpose before law enforcement could start looking too closely.

    And now he's doing the same thing with the entire goddamn country.

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  • [–] 31 points 1 year ago (4 children)

    I bet we could find someone less qualified.

    It just would be difficult to find one outside of a hospital or care home.

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  • [–] 80 points 1 year ago (1 child)

    Well . . yeah. He’s a demented rapist.

    Who the fuck is just figuring this out?

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  • [–] 35 points 1 year ago (1 child)

    A whole lot of people apparently.

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  • [–] 13 points 1 year ago* (1 child)

    The markets haven't historically had a problem with demented rapists in charge unless it effects shareholder value.

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  • [–] 70 points 1 year ago (5 children)

    Risk? Its his goal. Crash the market for his ultra wealthy amigos to buy up everything

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  • [–] 16 points 1 year ago* (last edited 1 year ago) (3 children)

    And...

    Destroy USD.

    Remove USD as global reserve currency.

    Bitcoin.

    Sell off land to billionaire buds.

    (Allow) Nuke a few cities?. Big midterm surprise?. /q's Great solar flash of 2025 - this is the only one I'm not certain of what/how/when.

    Voilà.

    Lol. You downvote. Everything he does is a known. You just have to listen. Here's my comment from almost 4 months ago about tarrifs https://lemmy.ca/post/33768636/13042232

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    [–] 64 points 1 year ago (2 children)

    The upcoming Trumpageddon will make the Trumpcession look like Trumplemania.

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    [–] 56 points 1 year ago

    Hey Wharton School: This is why you shouldn't sell degrees to rich parents for their spoiled children.

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  • [–] 46 points 1 year ago (6 children)

    I didn't think it was humanly possible to see such a concerted effort to destroy an economy in my life. Even Hitler didn't try to do this with Germany.

    Once upon a time I couldn't get myself to watch old 80s and 90s cartoons anymore because I felt too old and cynical for them... but now I realize that the villains on those shows have nothing on Trump and his dipshit cronies. Only they are somehow more fleshed out despite being literal cartoon villains.

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  • Even Hitler didn’t try to do this with Germany.

    Hitler "fixed" Germany's economy by basically borrowing a bunch of money and then attempting to destroy the people who had loaned it to him (Jewish financiers were a large source of the borrowed money, as was the Soviet Union - a little-known but majorly important part of the Ribbentrop Pact and related German-Soviet agreements).

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    [–] 44 points 1 year ago (1 child)

    I love it!

    Obamacare vs Trumpcession

    Yet the Republicans will vote Trump next time around.

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  • [–] 40 points 1 year ago (3 children)

    This isn’t a trade war, it’s a Stupid Economic Operation.

    Trump is just tracing from Pitin’s playbook.

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    [–] 39 points 1 year ago (2 children)

    I feel that it's looking fairly likely to be more of a Trumpression.

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  • [–] 33 points 1 year ago (1 child)

    Imagine speedrunning your way into the great depression.

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  • [–] 24 points 1 year ago (1 child)

    Looks like Sleepy Don has done it again. What happened to better economy on Day 1? Is he going to say the days so far don't count? Let's hear some more excuses about how Biden made the job so hard you can't improve things by 1%. You only need to make excuses for a little less than 4 years now.

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    [–] 23 points 1 year ago (1 child)

    Please put his fucking name all over this shit.

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  • [–] 14 points 1 year ago

    Republican administrations tank the economy when it's business as usual.

    This is the dissolution and piecemeal sale of the US Government.

    Of course there is going to be a fucking recession!

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  • [–] 13 points 1 year ago (1 child)

    Every day I wake up and I wonder if he’s a complete moron who’s in capable of doing his job… or is he making people worried about the recession and using these tariffs to manipulate the markets for his own benefit?

    The other possibility people have told me about is that he’s doing it to distract us from the real activity behind the scenes, which is to make the rich much richer in the poor, more desperate… 

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  • [–] 16 points 1 year ago

    No distractions, the second answer is not correct, he wants another glided age. The glided age is another term for the second industrial revolution that turned america into the superpower we know today, but It also was an awful era for your average american.They would work 12 hours or more for a whole week, some may have sunday off due to church but a lot did work that day with all your family working. The standard of living was so crap, many would become alcoholics due to the awful conditions, which would lead to prohibition movement. Your average american did not live long, many people would die due to work place accidents but due to no worker protection, nothing would change.

    The era was also known for the monopolies, starting with rockfeller standard oil, carnegie steel company and morgans banking with many others. All the major monopolies worked together to prevent competition by buying out, they would ask nicely to sell your company to them, if not they would play the waiting game by lowering the product your selling to be unprofitable and then buy you out. Regulations did not exist yet so, this was all legal and if it wasn't, no one gave a shit as they were that powerful. The government was no help to them either, as most of them were bathing in the money of the 1%. The 1% lived in amazing conditions, and hoarded a ton of money, with some becoming important philanthropist.

    Here is an article of proof of what trump wants, https://apnews.com/article/trump-tariffs-gilded-age-mckinley-grover-cleveland-1592dab80ad7159266db51b5baa774b6.

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  • [–] 12 points 1 year ago (1 child)

    I prefer the term ‘Trump Slump’ but as long as his name is attached, I’m good.

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  • [–] 11 points 1 year ago
    [–] 10 points 1 year ago (7 children)

    If you are overall green now... sell.

    He is going to make it worse.

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  • [–] 10 points 1 year ago (10 children)

    Only if you need the funds short term, if you are a ways off from needing the funds then hold what you've got and start building a cash reserve to buy more shares when it's low.

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  • [–] 7 points 1 year ago (8 children)

    Time in market beats timing the market. You're never going to now when stocks are "low". You're just as likely to wait JUST a little too long and then end up buying when it's higher than it is now.

    If you have AVAILABLE cash now, that isn't needed for an emergency fund, put it in the market now.

    If you want to hedge your bets a bit, then just invest a smaller amount every week to distribute the buying power in case the market keeps dropping.

    Trump could just announce that tariffs are dumb and he's never doing another one tonight, and the market jumps in off hours trading. Or the market could bounce up for a couple days then crash. Or the market could stay down for the next 4 years.

    It's impossible to predict when the "buy back in" period should start, so just don't even try.

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    [+] 9 points 1 year ago* (last edited 11 months ago) (1 child)
  • [–] 8 points 1 year ago* (2 children)

    Thirty-three percent of Trump voters said, in their own words, they voted for him because of the “economy” or because “he is a good businessman,” a Washington Post-Schar School poll released Friday reveals.

    This is from December. It's also a good sign because these are the people that are likely to turn on him as the prices increase and unemployment jumps.

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