Mark down March 3, 2025. That was the day Wall Street finally realized that US President Donald Trump was serious about tariffs. On Monday, the S&P 500 fell nearly 2 percent as Trump confirmed what we at the Atlantic Council predicted in February—that the tariffs on Canada and Mexico were not mere threats, but actually likely to be implemented. The stock markets continued to fall on Tuesday as investors processed the news.
His own class is going to betray him because he is the dumbest motherfucker alive. Republicans wont give a shit what he does with social policy but when he starts meddling in the economy and big business suffers, when their profits suffer, they get pissed. Conspiracy theory territory: if there is a super high secret gang of open market supporting puppeteers, they probably arent too happy with trump.
The billionaires will regret giving him power, because they’re subtly giving up their own levers of influence over him.
When you could buy a politician or an election, you held some sway over those politicians in those seats. When you pay lobbyists who will do the work of writing specific regulations that help you, and then have them try to get those regulations actually enacted, you had influence over how the government could wield power over you.
But the Trump movement has been about consolidation of power in one man, who doesn’t feel constrained by laws, or by other politicians. The billionaires are down to a single tool: trying to pay off one man, who doesn’t keep his word.
The question becomes, at what point does it go from money buying power, versus power buying money? It’s a subtle distinction, but an important one for those who currently have money and who want to derive power from that.
Trump and Elon want to make it so that they can singlehandedly destroy any business that doesn’t bend the knee. At the same time, they want to be able to shape the rules in an arbitrary way to only help those they like, and hurt those they don’t. They’re not quite there yet, and I’d say that the rich still have some power independent of the government. But the plan for those in charge is to consolidate power as quickly as they can, to where that’s no longer true.
There’s a substantial chance that this goes down the same way that scene in The Dark Knight Rises, where the financial backers who enabled Bane’s movement insist that they should still have influence over that movement, once it takes power.
Or if you actually want a historical parallel, the oligarchs who funded the rise of Hitler and the Nazi party, only to find themselves in concentration camps themselves.
Trying to play devil’s advocate to figure out where he could vaguely have support now and I’m coming up empty…
Big business? He’s screwing with their ability to offshore for cheap.
Labor? He’s against workers rights
Military? He’s constantly insulting them and handicapping them and screwing with all the suppliers and contractors too.
Pacifists? He’s simultaneously fomenting violence in Israel with us support while encouraging Russian violence by removing Ukraine support.
Racists? Well he’s certainly got the spirit, but as malicious as he is, in terms of number of people it’s been a token show, and they are such dealing with as many brown people in their day to day lives as before.
People who wanted lower prices? Obviously not helping them on any front.
People who wanted lower taxes? Well that’s not happening even in theory except people well into stuff figures that are losing way more than the tax breaks in other losses due to everything else going on.
I can’t think of a way anything he did improves things in any real way for any domestic interest, bad or good
You kidding? They just have to wait out the storm.
Wait until everything is on fire, loot it all, then oust the conman and sell high.
You can buy a house for cheap when a fire is threatening it, and hope to put out the fire before it gets destroyed. That’s how you can profit from a fire.
But if it’s just buying the ashes, that’s not actually a good investment strategy. The price has dropped because the thing truly did become less valuable.
Too many people can’t seem to see the difference between the first category and the second.
Nah the cultist don’t really care about economy.
Hard to care about something you lack the ability to understand. His core base is the stupid 30 percent. Vance is a good example of them.
deleted by creator