3mo ago

Trump took the US economy to the brink of a crisis in just 100 days

www.cnn.com /2025/04/28/politics/tariffs-economy-100-days-trump/index.html

Donald Trump spent his first 100 days back in the Oval Office driving an economy that the world envied to the brink of crisis, risking America’s reputation as a financial safe haven and fostering fear among voters who’ve lost confidence in his leadership.

Americans were desperate for relief from high grocery prices and bought into Trump’s promise to make America affordable again in November 2024, partly out of nostalgia for the pre-pandemic economy of his first term.

But the president deliberately and singlehandedly adopted policies that are almost certain to spike prices even more; that could lead to shortages; and that have CEOs and small businesses dealing with chaos and the possibility of a recession.

Economics @lemmy.world

MicroWave @lemmy.world

3mo ago

Trump took the US economy to the brink of a crisis in just 100 days

www.cnn.com /2025/04/28/politics/tariffs-economy-100-days-trump/index.html

150 comments

Sure, but have you considered that Kamala had a weird laugh
- Musk will light your taxes on fire. Obama was huge on deportation. Kamala is a gun owner. OK, why won't you vote for Kamala then? "I just don't like her. She laughs weird." I couldn't believe it, but it shouldn't shock me. How do you even keep going after that?
  
  It wasn't really about the laugh.
  
  I remember reading that immigration groups called Obama the deporter in chief. Trump wishes he could get a nickname that would go that hard with his base.
  
  Republicans often try to liken women to witches in their constituents minds. It's their go to smear. They hate women. They want them back in the kitchen under control of men, just like the propaganda that transformed post war America pushed
- This is such a stupid argument and I wouldn’t believe it if it wasn’t for my dad. He keeps talking about her laugh and I explain to him that it’s appropriate to express all emotions…. And he doesn’t believe it. He’s also unable to connect me being in therapy and his behavior.
  
  The statistics of who stayed home VS who voted for a white man with the same policies (older white men/women and older hispanic men) shows most of the votes lost are from Kamala being a colored woman and our most bigoted groups responding accordingly.
  
  I guess we have the same father even though I don't live anywhere near the US.
  
  I remember a stand up comedian making fun of someone laughing on his show, because it was a very shrill and loud laugh. And later he said: imagine making fun of someone for the way they express joy (or something) and that somehow sat really deep with me.
- Also, those dumbass's who think a woman can't be president.
  
  Unfortunately that includes a lot of women, making it a self-fulfilling prophecy.
  
  Americans will delude themselves into thinking Harris lost because of identity politics all the way to the concentration camps.
  
  What actual percentage of the American people do you think believes a woman can't be president? And I mean believe her nature as a woman makes her unfit, not people who believe the electorate won't vote for her.
  Do you know any polls in the last year that indicate how big a contingent that would be?
  I'd be shocked if it was over 0.5%. Even over 0.2% would be very surprising to me. Of course to get polls that precise you'd need to ask like 100,000 people.
- Schodinger's cat applies here. We will never know how good or bad Kamala would have been since she didn't win. However, since 47 has done so much shit to damage the country in ways worse than imagined, I'd say she'd done better.
  BTW, have you ever heard Trump laughing at anything? That's even weirder IMO.
  
  She would have been better. Biden was an OK president that was ruined by his brazen pro-genocide stance. It doesn't take a lot to be better than Trump.
  
  It's a competition to destroy the US and your opponent is Donald Trump.
- She also was hugely supportive of genocide, is a cop, huge opponent of sex workers, promised to outflank trump to the right on immigration and crime, had a terrible climate change plan including backtracking on things like fracking, terrible health care policy, denied any economic problems and her solution to massive poverty and increasing inequality boiled down to increased ease of first home buyers. She had terrible policies no reason to whitewash her.
  
  "Please be distracted by our appointed candidate's skin color and genitals so you don't notice these other things!" - democrats probably
- I mean Biden was personally killing Palestinians so let's all make sure Trump does worse too so checkmate lIbRuL. Ps I'm morally superior because I think my self righteous social media posts matter way more than the outcome I cause with my actions. And if you disagree? Well, you love genocide! /s
  
  Well you see the genocide was always going to happen. That is why we needed to oppose the Democrats.
  Also did you know NATO were actually the real Nazis all along?
  /s
- She also has no penis and is awefully dark for a good old white American
So here's the fucking thing.
The crisis is already here. Go take a peak at the ports on the west coast right now. Go look at business forecasts.
This man systematically destroyed a working economy in a business quarter.
The repercussions of these actions are going to be felt for at least a decade.
- They will be felt for the rest of the century.
  
  Totally agreed.
  These people literally are destroying the pre eminent power and completely usurping centuries old historical power hierarchies seemingly for the benefit of shorting the markets on their own whim.
  As if those dollars they earn will be worth anything when hyperinflation hits.
- Relevant documentary
- Running a country the same way he ran his casinos.
The brink? lol we’ve gone off the cliff and are in free-fall
- U.S. "at the brink" circa 2025
  
  I was thinking more like:
- You ever see those cartoons where a samurai charges past someone, nothing happens, the person laughs, and then slowly splits in half?
  The US economy is currently in the "nothing happens / laughing" phase.
And just think, there were those out there that doubted he would get anything done. /s
- Getting things done usually means building. It's decidedly easier to tear things down and much harder to build them back up.
Zero grocery, zero price. You cannot complain about avocado prices if there was no avocado imported, eh?
- Reminds me of my childhood in a communist country.
  
  It's almost like human structures of power always end up with some asshole on top making everyone else suffer.
brink of a crisis
Ummm I don't think the meaning of a crisis is understood anymore. Brink implies risking a crisis, where the usa has been in a full on crisis on many fronts for about 100 days. I would even say that they are past the initial crisis point and are getting way to cocky this far into a multi pronged collapse.
- Let me translate this little code.
  “Donald Trump has almost made it to where it the owners of this network will actually notice it in the bottom line for their quest to fulfill their endless greed.”
  
  Oh then maybe then they will write articles that "SLAM" him......
Is he that stupid that he really beleives his plan will work? Or is he so afraid of Putin's kompromat that he'll destroy his own country in order to keep it hidden?
Why not both?
- He is the dictator of the US. This is how he extracts every last cent possible from the working class to fund tax breaks and handouts for the ultra-wealthy. Accountability is not a factor for someone like this who has lived his whole life with no accountability and continually failed upward to the highest office. He "doesn't need your vote" anymore, he is there and he's not planning on leaving this time no matter what the voters say.
  
  Yup, polls don't mean shit anymore
- Is he that stupid that he really beleives his plan will work?
  Absolutely, have you seen any sign of high intelligence coming from tRump?
  Or is he so afraid of Putin’s kompromat that he’ll destroy his own country in order to keep it hidden?
  I am increasingly doubting this. Do you really think a tape of some prostitutes pissing on him would change anything at this stage?
  I also do not buy the notion tRump is a russian asset because he is just too stupid to be recruited... he is too stupid to be easily manipulated though.
  His stupidity, at full and constant display and perfectly complimentary of the USA's population ignorance, is more than enough to explain where we are and far far more likely than any other theories...
- It is both. There is no reason to copitulate to Russia unless the Kompromat is that good.
  
  In the Fantastic Four comics, Dr. Doom wears a mask because he was hideously deformed by a science experiment gone wrong. Later writers retroconned it so that Doom had a tiny scratch but was so insanely egotistical that a tiny flaw was too much for him to bear.
  I like to think that the kompromat is something like Trump having premature ejaculation or erectile dysfunction, or crying that his Daddy didn't love him. Something a normal person could shrug off and move on from.
  
  there is other reason, corrupted money
  
  I think you meant 'capitulate,' but 'copitulate' might work too, lol.
- It's not kompromat. It's flattery. "You're such a good boy, Donald!" is doing a lot more here than you realize.
  
  I blame Melania. If he was getting love and support at home, he wouldn't have to spend so much time looking for affection outside the home.
  Only mildly sarcastic.
- What kompromat could Putin possibly have that could do anything to him? He could have underaged girl pissing tapes, no one will give a shit. He’s found guilty of dozens of crimes and never locked up. It doesn’t hurt his voting numbers. So why should he care?
- Their plan is working. Destroy the country so people will have it tough. Create a state of emergency, a sense of crisis and instability. That can be exploited to justify increased repression, to seize control of key assets and resources and their distribution. Makes the population more reliant on structures controlled by their oligarchs and loyalists.
  
  Create a state of emergency, a sense of crisis and instability.
  Don't need to create something that already exists. Capitalism does not serve the working class. The "normal" everyone is so eager to go back to was killing us.
  
  "Trump has issued an executive order that basically is supposed to make it possible to use military forces as "law enforcement" and paves the way for militias "aiding" the police with legal impunity. They are preparing to violently quash expected riots."
  https://mastodon.social/@chrisstoecker/114421159120315389
  "The whole thing is here. There is no misreading this: They are trying to build their SS/SA. With better pay for the people in charge of "enforcing the law" (we all know how much the law means to the Trump administration)."
  https://www.whitehouse.gov/presidential-actions/2025/04/strengthening-and-unleashing-americas-law-enforcement-to-pursue-criminals-and-protect-innocent-citizens/
- I think he believes it will work for him. Which is the only concept that has ever mattered to him.
- What's his plan, to attempt to bring back manufacturing?
  
  There was a movie that came out one year before Reagan was elected. "Norma Rae" with Sally Field. It's about organizing a Union in a small southern town where there's one big employer.
  A lot of US businesses relocated to the South after the Oil Crisis. Reagan and his people feared that those ignorant hillbillies would join Unions, so they moved manufacturing overseas.
- Here in Denmark - one of the US's closest allies for decades with a generally positive public opinion - America's reputation has absolutely tanked. Being at all supportive of USA basically reveals you as a stupid far-right nut. We just need our politicians to see this as well because the US reputation is fully dead here.
  
  Exactly the same take in Canada right now. With the added annexation threats, most Canadians that aren't far right nuts will boycott the american brand for the rest of their lives, tarrifs be damned.
Hyuck hyuck hyuck
MAGAts know nothing but hurting others.
- They also know hurting themselves.
And some people still say he has business skills...
- What, you don't think he's getting rich off this?
  
  Yeah people misunderstand Trump's business history. It doesn't matter how many casinos he bankrupted, Trump profited. He's a vampire like a private equity firm, leaving a trail of dead husks behind him.
All to plan
- Not even. Him and Elon biffed every other form of autocratic guidance that laid out steps to take.
  Cutis Yarvin is furious at how incompetent Musk and Torange have been. By 100 days in they should have been drowning journalists in foam. They haven't even hit 50% of Project 2025 progress.
  Rank amateur bitches. Can't even do authoritarianism well.
  
  Do they need to succeed?
  The Koch brothers already have a new U.S. constitution drafted and a majority of the states they need to call a constitutional convention. They’ve had plans in motion for years.
  I think Trump and Musk were always supposed to be the fall guys. But if they break enough, or reveal enough non-working about the current system, the plan we’re not supposed to realize is in play will succeed.
It’s bad now? You have no idea! All import stopped and or halted when your orange diaper introduced tariffs on everything. Meaning you’re just seeing the start of it.
Tariffs are still unclear because he’s changing them every damn second. Meaning companies are still hesitant about shipping goods because of the uncertainty regarding tariffs.
- What they show us are the yes clowns. The concern needs to be the project 2025 people in the 2nd level positions implementing their agenda
Let your local magats know how you feel since this is what they wanted. The business owner ones even made it easy to figure out who they are over on their Nazi safe space at public square
Trump’s promise? I don’t remember him promising much anything at all until the very tail end of the campaign, and even then it was kinda offhand. OTOH, the troll farms were in absolute overdrive talking about eggs, groceries, worthless higher education, gas prices (even though they are higher now) and of course bashing Harris over tons of things that weren’t even jobs she had the authority to do.
- Trump did state he was going to raise tarrifs. The problem is that a lot of voters thought he was going to govern like he did in the first term.
  
  What was so great about the first term? The only thing that kept that from being a disaster was the fact that people stopped him from doing so many shitty things. Now he’s ignoring everyone including the courts.
- Every speech was full of promises to. Whoever he was speaking, even when the next speech completely promised the oppisite
Biden kinda restored USA's image pretty fast in the world stage, and then made it quite a lot better by standing firmly with Ukraine. After Trump's second term... it wouldn't be enough. Because now we know it wasn't just a one-off mistake or a fluke. 30-50% of americans actually think like that.
You know, right before lockdown I was hanging out with a friend and I said something to the effect of 'eh, I do feel like people are overreacting a bit but at least this should normalize mask wearing when you're sick like in parts of Asia.'
Right now I have a very similar feeling hunch of 'at least this should kill the myth that republican presidents are better for the economy' and I can't wait for the american people to once again show me just how stupid they are.
- I think every single Republican president has been terrible for the economy and consistently show to know nothing about the economy in contrast to the Dems who inherit the mess. Trump is going a number on the national debt alone.
AIPAC, the self styled King makers of US politics, dont care who you vote for as they all support israel. It's business as usual as far as they're concerned.
Looking wistfully behind me at the "brink" of crisis
Give the Orange Asswipe a break, the idiot is following his orders from the Kremlin and he is doing a fan-fucking-tastic job of destroying the US economy and foreign relations.
The brink? We're already there, but the supply chain takes a few weeks to catch up. We are just now getting empty ports just like during covid. Empty ports now means empty shelves in a couple weeks. Empty shelves means prices skyrocket again. And layoffs start en mass when companies can't get supplies that need workers to work on.
Brink? Fuck off. We're already in a crisis.
Piece of shit article about a piece of shit president smh.
Wow 🍿I do feel for everyone who didn’t vote for this turd. As I am not aware much about what is happening in your country in detail (though some us citizens sometimes think this way) can anyone give any insight on how this is perceived by turd voters? Like are there any interesting interviews insight or articles ? Would love to know their view as this unfolds. Thanks for any insight 🙏
We told you this will happen
The United States Federal Review said the economy has slightly dipped but it's so minor on the GDP of America that nothing has changed really from all indicators reviewed.
- Yet. Reduced trade is a leading edge metric while most economic indicators are trailing edge. Just because it hasn’t yet filtered through to trailing edge indicators, doesn’t mean it hasn’t already happened. Everything is still in stock at normal prices but shortages are looming. And we’re riding the bus with no brakes down a steep road leading to a cliff ….. just because we haven’t died yet doesn’t mean we’re not doomed
  Your argument is similar to one against climate change. Greenhouse gas levels are a leading edge indicator, or cause. Just because you didn’t see global warming doesn’t mean it hasn’t already happened. And now it is visible to all. And we’re riding the bus with no brakes down a steep road to the edge of the cliff.
Trump did not do that, America did. I only say this as no one seems to be doing anything tangible to stop this miscreant.
- "(gets shot) the shooter didn't do this, I did it to myself by not stopping it"
  
  (gets hit by drunk driver) the driver didn't do this, I did this by not supporting prohibition
- When you manipulate the market and increase tariffs to every country… it didn’t take a country to do that. It took a fool and his moron Admin and Republican Congress to fuck shit up.
- While yes, he won the popular and electoral vote, he is still the one carrying out these idiotic and dangerous policies. No one wants a bloody revolution in the streets, the majority of people are just trying to survive.
  Congress could easily deal with this dictator, but the GOP are fully complicit and have zero desire to do anything to stop him. We've all seen the numerous townhalls of GOP reps getting torn apart over this insanity, and yet they truly do not care.
  I think many Americans are still kind of shell shocked by everything. Hell, I'm still in disbelief that he even won to begin with. My disgust towards those who voted yet again for this criminal makes me not even want to fight for them.
  
  We should be recalling the broken Congress critters at this point. It's fucking absurd.
- Victim blaming is always a totally defensible and cool thing to do
- And what exactly do you propose we do?
  
  This.
  
  I'm not sure what you mean by "we" in this new age of strident nationalism and creeping isolationism. I don't even know generally what should be done, let alone exactly. It has to do with money, power, greed, human nature...all that shit and more I assume. I guess I will do one thing today that I have control over. I'm Canadian and I will vote today.

150 comments