3mo ago

Trump goes all in with bet that the heavy price of tariffs will pay off for Americans

apnews.com

politics @lemmy.world

PhilipsHurtFeelings @crazypeople.online

3mo ago

Trump goes all in with bet that the heavy price of tariffs will pay off for Americans

apnews.com /article/trump-tariffs-democrats-economy-protests-financial-markets-90afa4079acbde1deb223adf070c1e98

19 comments

Can people in the mainstream press stop humanizing this crazy who is doing the historically bad thing for evil reasons and also theft?
- It's called sane-washing, and it's how Trump got elected, twice.
  
  Yes, the mainstream press is equivalent to a government owned press.
  Perhaps in a literal fashion too since all of these are owned by oligarchs who own the government. They have the same masters, he and the press.
- I have bad news for you about who owns the "mainstream" press.
Is this a conscious bet or just a man-child literally unable to admit he’s wrong?
- He never admits his mistakes. That's his biggest weakness. Idk how he has gotten so far doubling down on every bad decision but here we are
  
  Because his voters are equally ignorant and unable to admit they could ever be wrong.
  If they were ever wrong, it means they aren't secret super-geniuses that are just too smart for 'the elite system' and not just ignorant idiots who think with their balls.
- To paraphrase a meme, the risk was calculated, but boy is Trump bad at math.
- Yes
- He's a narcissist. This is what they do, or don't do in this case.
Democrats of America, sure, have your fun and do your "I told ya so" tour, but this is also the critical moment where you have to get progressive voices in the party, front and center.
People will quickly find out that tariffs are a terrible revenue substitute for taxes just like when they tried it with Smoot-Hawley. Time to hammer home the things that did work, what brought in prosperity after the New Deal and into the 70s is 95% taxes on the wealthiest people in the world and union rights.
- Hopefully people show up to the primaries.
There is no chance he wasn't informed ad nauseam that tariffs 'don't work that way' to which he likely responded, 'I know'
His only bet is that the one American that matters to him gets paid.
- Here's a video by Money& Macro that somewhat convincingly argues that they have some kind of plan. It's a shitty plan and it's guaranteed not to work, but it's a plan.
  
  IMHO whether there is a plan or not is the least compelling of my complaints against this administration. that there's even a 1% chance that it could succeed doesn't matter because what we have built up as a nation since it's founding has been gradually and sometimes painstakingly built up over many years, and a large amount of value in the country that has been lost was so much more valuable than anything a ticker on the bottom of a screen could reflect .
  These actions were taken largely against both the words and the spirit of the Constitution, and the stability and generosity that we projected as a nation, no matter how calculated and self serving it may have actually been, can never be replaced, because it existed since the founding of the country
  /Rant
Look at the pretty pictures.

19 comments