"The gloom is becoming bipartisan..."
'Despite their greater confidence following the election, Republicans posted a sizable 10% decline in their expectations .. For Independents and Democrats, the expectations index declined an even steeper 12 and 24%" (U of Michigan)
-C Quintanilla
"Donald Trump’s global tariffs on steel and aluminum imports came into force on Wednesday, placing a 25% tax on all imports of the metals into the US from any country 'with no exceptions or exemptions.'
The move threatens to push up prices for consumers as they bear the brunt of resulting product cost rises, in everything from houses and vehicles to home appliances and beverage cans."
~ Clea Skopeliti
#Musk #Trump #economy #stagflation #recession #StockMarket #billionaires #tariffs
/21
"So, the stock market’s been sliding like bacon grease on a hot griddle. On Monday and Tuesday all three major indices had their worst days since August, and fears of a looming recession are already here. And only 50 days into Dear Leader’s reign!"
~ Marcie Jones
#Musk #Trump #economy #stagflation #recession #StockMarket #billionaires #tariffs #firings #workers #FederalGovernment #Tesla #insanity
/20
https://www.wonkette.com/p/newsmax-host-trumps-big-balls-are
“I’m going to say this at risk of my job. But what President Trump is doing is insane. It is absolutely insane. It is about the eighth reason we’ve had for the tariffs. …
Insanity is not a strategy. I’m sorry."
~ CNBC senior economics reporter Steve Liesman
#Musk #Trump #economy #stagflation #recession #StockMarket #billionaires #tariffs #firings #workers #FederalGovernment #Tesla #insanity
/19
https://www.thedailybeast.com/cnbc-reporter-shreds-trumps-insane-tariff-moves/
"As stock slumps drain America’s 401(k)s, Trump props up his billionaire sidekick. As Wall Street reeled for a second straight day on Tuesday, President Donald Trump chose not to appear with worried working people but to prop up the share prices and wealth of the world’s richest man – Elon Musk – with a bizarre sales pitch for Tesla on the White House South Lawn."
~ Stephen Collinson
#Musk #Trump #economy #stagflation #recession #StockMarket #billionaires #tariffs #Tesla
/18
"You don’t need a PhD in Economics to understand that when an economy is slowing, cutting federal spending, causing massive layoffs and increasing taxes by way of tariffs are a recipe for financial disaster. ...
Trump just updated Marie Antoinette’s infamous line 'Let them eat Cake' when told that her subjects could not afford bread to, 'Let them drive Teslas.'”
#Musk #Trump #economy #stagflation #recession #StockMarket #billionaires #tariffs #firings #workers #FederalGovernment #Tesla
/17
"With Trump we are facing even more potential economic pain because Trump is combining tariffs-which are a tax on consumers—with massive cuts to federal spending and layoffs in the area of 20% of the federal workforce."
~ Dean Obeidallah
#Musk #Trump #economy #stagflation #recession #StockMarket #billionaires #tariffs #firings #workers #FederalGovernment
/16
https://deanobeidallah.substack.com/p/trumps-response-to-causing-a-recession
"He belittled them as unworthy of nation status, rolled his eyes at our historic ties, and threatened them with the 'friendly' possibility of absorption as our 51st state. And then he instigated a game of economic chicken with them."
#Musk #Trump #economy #stagflation #recession #StockMarket #billionaires #tariffs #Canada
/15
"It bears reflecting for a minute on the hand Trump currently holds. His sheer capricious scorn and malice have forged, out of practically nowhere, a political coalition of anti-American zealotry in Canada, our heretofore friendly neighbor in the north."
~ Andrew Egger
#Musk #Trump #economy #stagflation #recession #StockMarket #billionaires #tariffs #Canada
/14
https://www.thebulwark.com/p/our-brave-president-goes-war-ontario-ford-tariffs-trade-trump-canada
"He’s a psychopath gleefully breaking the world economy while pretending there will be some glorious payoff on the other side.
Is it any surprise? Trump never pretended otherwise. He did say on the campaign trail, 'I don’t care about you. I just want your vote.'
Trump’s superpower is that people believe his lies and don’t believe his truths."
~ kos
#Musk #Trump #economy #stagflation #recession #Tesla #DelusionsofGrandeur #delusional #narcissist #egomaniac
/13
"The two most powerful men in America have gone stark raving mad. ...
I don’t see how you can look at recent statements by Donald Trump and Elon Musk without concluding that both men have lost their grip on reality."
~ Paul Krugman
#Musk #Trump #economy #stagflation #recession #Tesla #DelusionsofGrandeur #authoritarianism #delusional #narcissist #egomaniac
/12
https://paulkrugman.substack.com/p/a-mind-is-a-terrible-thing-to-lose
"Sources also tell WIRED that Musk has wanted a government shutdown—an aim that runs contrary to the White House’s stated desire to avoid one—in part because it would potentially make it easier to eliminate the jobs of hundreds of thousands of federal workers, essentially achieving a permanent shutdown."
~ Jake Lahut, Leah Feiger, Vittoria Elliott
#Musk #Trump #economy #stagflation #recession #Tesla #shutdown #firings #workers #FederalGovernment
/11
https://www.wired.com/story/elon-musk-has-wanted-the-government-shut-down/
"For his $290 million contribution to the Trump campaign, Musk bought the presidency and a government subsidized ad for a Tesla. In the most blatant, shameless, and pure example of the quid pro quo grift - and direct violation of the Hatch Act - Donald Trump decided to hawk Teslas from the White House lawn on Monday. He was even handed a Tesla sales pitch during his remarks."
~ Wajahat Ali
#Musk #Trump #economy #stagflation #recession #Tesla
/10
https://thelefthook.substack.com/p/the-tesla-presidency-elon-musk-donald
"Trump is acting like a raving madman. He continues to lobby for the hostile takeover of Canada, and the media pretends it does not hear an idea so lunatic that any other president uttering the idea would be removed from office under the 25th Amendment within hours.
Trump's daily ritual of imposing and lifting sanctions is so erratic that the stock markets are falling because of the uncertainty caused by his behavior."
"Trump’s erratic trade policies are baffling businesses, threatening investment and economic growth."
~ Paul Wiseman, Anne D'Innocenzio, Mae Anderson
#Musk #Trump #economy #stagflation #recession #StockMarket #billionaires #tariffs
/7
"JPMorgan Chase said Monday that the likelihood of a recession had risen to 40% from 30% owing to 'extreme U.S. policies.'
For the first time since Trump took office, the economy is now the number one story in the country. It is dominating news coverage — and more importantly it's becoming central to the conversation on social media platforms like TikTok.
That’s very bad news for Trump."
~ Dan Pfeiffer
#Musk #Trump #economy #stagflation #recession #StockMarket
/6
https://www.messageboxnews.com/p/trumps-mounting-economic-problems
"Five of the world’s richest people attended Trump’s inauguration. They have lost $209 billion since that day
Elon Musk’s net worth has tumbled by $148 billion alone since Trump took office."
~ Katie Hawkinson
#Musk #Trump #economy #stagflation #recession #StockMarket #billionaires #tariffs #Bezos #Zuckerberg
/5
S&P global chart of closing prices daily from early January up to two days ago.
#Musk #Trump #economy #stagflation #recession #StockMarket #billionaires #tariffs
/4
"Dow drops more than 450 points, S&P 500 posts back-to-back loss over Trump tariff uncertainty."
~ Lisa Kailai Han, Sean Conlon
#Musk #Trump #economy #stagflation #recession #StockMarket #billionaires #tariffs
/3
https://www.cnbc.com/2025/03/10/stock-market-today-live-updates.html
As boring as this topic may be and resentful as we may be that this man continues dominating news cycles, it's impossible to avoid either, because the damage is ongoing.
Heather Cox Richardson writes,
"The stock market continued to fall today. The Dow Jones Industrial Average fell another 478 points, or 1.14%; the S&P 500 fell almost 0.8%; & the Nasdaq Composite fell almost 0.2%."
#Musk #Trump #economy #stagflation #recession #StockMarket #billionaires #tariffs
/1
