The Economy

Donald Trump Just Proved He’s an Economic Idiot. Again.


His MAGA sycophants knew all along that his central economic proposal was a sham, but they repeated his lies. And now the economy is cracking.

Remember the word “sanewashing” from the 2024 presidential campaign? It referred to the mainstream media’s coverage of Donald Trump’s rallies, and their tendency to pluck out quotes for their stories that made him sound like a normal candidate when he was in fact spouting fantastical lies and gibberish and authoritarian threats. I was apoplectic about it, as were TNR’s Greg Sargent and contributor Parker Molloy.

The media sanewashed a lot of what Trump said, from his hate-filled rhetoric about transgender people to his descriptions of Kamala Harris. But in retrospect, his sanewashing on the economy probably benefited him more than anything else. The economy was voters’ top concern, and the common narrative in the press went like this: The economy’s terrible; inflation is punishing; voters blame Joe Biden, “fairly or not” (a classic dodge of a phrase); the Trump economy was strong until Covid, which wasn’t his fault, and Trump says he’ll bring down prices on day one and protect American workers with his tariffs.

Many of these claims weren’t true, and now we’re starting to see the consequences of the casual lies Trump got away with last year. How many times did we hear him say things like, “Tariff” is “the most beautiful word in the dictionary”? Everybody knew then what’s obvious today. Tariffs are taxes. They raise prices on Americans. A lot of people said it, mostly Democrats, but Trump denied it, and the right-wing media-political complex that exists to support his every lie cranked into gear to say tariffs are great.

That was then. Now we’ve moved from campaign rhetoric to policymaking, and what we’re seeing is even more obvious and embarrassing than I’d imagined. Tariffs were the centerpiece of Trump’s campaign—they were his most important proposal on the most important issue to voters. It doesn’t get more central than that.
 
Donald Trump Just Proved He’s an Economic Idiot. Again.


His MAGA sycophants knew all along that his central economic proposal was a sham, but they repeated his lies. And now the economy is cracking.

Remember the word “sanewashing” from the 2024 presidential campaign? It referred to the mainstream media’s coverage of Donald Trump’s rallies, and their tendency to pluck out quotes for their stories that made him sound like a normal candidate when he was in fact spouting fantastical lies and gibberish and authoritarian threats. I was apoplectic about it, as were TNR’s Greg Sargent and contributor Parker Molloy.

The media sanewashed a lot of what Trump said, from his hate-filled rhetoric about transgender people to his descriptions of Kamala Harris. But in retrospect, his sanewashing on the economy probably benefited him more than anything else. The economy was voters’ top concern, and the common narrative in the press went like this: The economy’s terrible; inflation is punishing; voters blame Joe Biden, “fairly or not” (a classic dodge of a phrase); the Trump economy was strong until Covid, which wasn’t his fault, and Trump says he’ll bring down prices on day one and protect American workers with his tariffs.

Many of these claims weren’t true, and now we’re starting to see the consequences of the casual lies Trump got away with last year. How many times did we hear him say things like, “Tariff” is “the most beautiful word in the dictionary”? Everybody knew then what’s obvious today. Tariffs are taxes. They raise prices on Americans. A lot of people said it, mostly Democrats, but Trump denied it, and the right-wing media-political complex that exists to support his every lie cranked into gear to say tariffs are great.

That was then. Now we’ve moved from campaign rhetoric to policymaking, and what we’re seeing is even more obvious and embarrassing than I’d imagined. Tariffs were the centerpiece of Trump’s campaign—they were his most important proposal on the most important issue to voters. It doesn’t get more central than that.
Well said and as the economy dumps, Trump & Co. own the mess. Despite what Maria Debartimolo espoused this is trump's mess. Jobs lost, increased taxes via tariffs... let's see what the next quarter brings.
 
Donald Trump Just Proved He’s an Economic Idiot. Again.


His MAGA sycophants knew all along that his central economic proposal was a sham, but they repeated his lies. And now the economy is cracking.

Remember the word “sanewashing” from the 2024 presidential campaign? It referred to the mainstream media’s coverage of Donald Trump’s rallies, and their tendency to pluck out quotes for their stories that made him sound like a normal candidate when he was in fact spouting fantastical lies and gibberish and authoritarian threats. I was apoplectic about it, as were TNR’s Greg Sargent and contributor Parker Molloy.

The media sanewashed a lot of what Trump said, from his hate-filled rhetoric about transgender people to his descriptions of Kamala Harris. But in retrospect, his sanewashing on the economy probably benefited him more than anything else. The economy was voters’ top concern, and the common narrative in the press went like this: The economy’s terrible; inflation is punishing; voters blame Joe Biden, “fairly or not” (a classic dodge of a phrase); the Trump economy was strong until Covid, which wasn’t his fault, and Trump says he’ll bring down prices on day one and protect American workers with his tariffs.

Many of these claims weren’t true, and now we’re starting to see the consequences of the casual lies Trump got away with last year. How many times did we hear him say things like, “Tariff” is “the most beautiful word in the dictionary”? Everybody knew then what’s obvious today. Tariffs are taxes. They raise prices on Americans. A lot of people said it, mostly Democrats, but Trump denied it, and the right-wing media-political complex that exists to support his every lie cranked into gear to say tariffs are great.

That was then. Now we’ve moved from campaign rhetoric to policymaking, and what we’re seeing is even more obvious and embarrassing than I’d imagined. Tariffs were the centerpiece of Trump’s campaign—they were his most important proposal on the most important issue to voters. It doesn’t get more central than that.

One has to remember that maaaaaany MAGAts are NASCAR fanatics who go by the motto / credo “If you aren’t CHEATING (LYING in this case) then you aren’t trying”.

Many MAGAts knew damn well it was all LIES, but all the MAGAts cared / care about is “owning the libs” and #winning.

🤬

JFC

SAD!!!

Also:

We. Told. Them. So.

🌷
 
One has to remember that maaaaaany MAGAts are NASCAR fanatics who go by the motto / credo “If you aren’t CHEATING (LYING in this case) then you aren’t trying”.

Many MAGAts knew damn well it was all LIES, but all the MAGAts cared / care about is “owning the libs” and #winning.

🤬

JFC

SAD!!!

Also:

We. Told. Them. So.

🌷
the magat's seem to wait for their orange leader to tell them what to think via fox, breitbart, newsmax, federalist, oan, gateway pundit epochtimes... endless list of empty calorie news. oh, how about them egg prices? can't take him away from another fun-filled, taxpayer paid for, golf weekend.
 
"It's the economy stupid." The whipsaw tariffs, lack of a coherent economic plan, international trade relationships tanking... Can't wait to see the "big" boom trump is crowing about. The 'boom' may be more of the economy continuing to falter under the 'stablegeenyus'. Investors are nervous and it is showing in the market. His guidance to not watch the market is akin to shell game by street con men.
 
All quiet on the jobs front. There continue to be millions of unfulfilled jobs available, and hires outweigh losses. ⭐

The number of job openings was little changed at 7.7 million in January, the U.S. Bureau of Labor Statistics reported today. Hires held at 5.4 million, and total separations changed little at 5.3 million. Within separations, quits (3.3 million) and layoffs and discharges (1.6 million) changed little.
 
Last edited:
More unintended consequences put US manufacturing at a disadvantage. FAFO.

Tariff Turmoil Leaves US Factories Paying More for Metal Than Overseas Rivals

For aluminum consumers, prices to get spot supplies are about 23% higher than in Europe. Steel prices are about 40% more — exceeding the 25% levy that Trump plans to slap on both metals on Wednesday.

Trump pretending that tariffs don’t have negative effects was always dumb, but gullible MAGA sheep believe him.
 
Dear leader is back to threatening more tariffs.

Now the ultimatum is tariffs until CA becomes a state. Also threatening to declare an emergency against Canada.

Meanwhile, Russia has ignored his wishes, which he said would result in sanctions and tariffs - yet crickets.

Dear leader is a weak leader.
 
The USA supplies between 47 and 50% of the worlds arms exports. Given that Trump has pissed off most of his allies (customers) what are the estimated exports for the next 3-5 years. Anyone crunched any numbers yet?
 
Announce tariffs. Stocks crash. The rich buy up cheap stocks. Walk back the tariffs. Are y'all unable to see this is all one big heist? 👀
 
Inflation cooled a bit over the 12 months ending in February. Another sign of the continuing strength of the economy.

The latest data from the Bureau of Labor Statistics showed that the Consumer Price Index (CPI) increased 2.8% over the prior year in February, below January's 3% annual gain and ahead of economist expectations of a 2.9% annual increase.

On a "core" basis, which strips out the more volatile costs of food and gas, prices in February climbed 0.2% over the prior month, lower than January's 0.4% monthly gain, and 3.1% over last year. This marked a downtick from the 3.3% core price increases seen in the prior-month period.

Will MAGAs continue to pretend government economic data is fake, now that the data is coming from the Trump administration? 😄
 
Back
Top