I wish it was that. No, this is actual evil, not incompetence. Trump has turned the US economy into the largest pump and dump scheme ever. Worse, he’s bragging about how his friends made billions. I can’t even believe this is happening. I’m in utter shock. I knew Trump would be bad, but straight up flaunting corruption like it’s a joke and even bringing the SCOTUS on board with this. I’m just gob smacked.
I get it, I really do. It is malevolent, but I also think they have the stupidity to think that it will work. It won’t. They are dumb, power-vaccuming, racketeering, embezzling white supremacists who think they really are rebuilding manufacturing in the US.
Your right. It could be both. I mean, my wife said to me the other day that she heard Trump was doing the tariffs to lower the bond interest rates. I said while in some types of recessions that’s true, that wouldn’t work in this case and you’d have to be an idiot to think it would. Sure enough the next day Trump puts a stay on tariffs to most of the world because the bond market got rocked. All I could think of is omg, are they really that fucking stupid?
Tbf the bond market getting rocked was in large part due to Canada, Europe, and Japan doing coordinated but relatively minor sales of the bonds they hold as part of the tariff response. Carney probably understands global finances more than any other world leader for getting that done the way he did.
Joncash2@lemmy.ml 1 week ago
I wish it was that. No, this is actual evil, not incompetence. Trump has turned the US economy into the largest pump and dump scheme ever. Worse, he’s bragging about how his friends made billions. I can’t even believe this is happening. I’m in utter shock. I knew Trump would be bad, but straight up flaunting corruption like it’s a joke and even bringing the SCOTUS on board with this. I’m just gob smacked.
apfelwoiSchoppen@lemmy.world 1 week ago
I get it, I really do. It is malevolent, but I also think they have the stupidity to think that it will work. It won’t. They are dumb, power-vaccuming, racketeering, embezzling white supremacists who think they really are rebuilding manufacturing in the US.
Joncash2@lemmy.ml 1 week ago
Your right. It could be both. I mean, my wife said to me the other day that she heard Trump was doing the tariffs to lower the bond interest rates. I said while in some types of recessions that’s true, that wouldn’t work in this case and you’d have to be an idiot to think it would. Sure enough the next day Trump puts a stay on tariffs to most of the world because the bond market got rocked. All I could think of is omg, are they really that fucking stupid?
phdepressed@sh.itjust.works 1 week ago
Tbf the bond market getting rocked was in large part due to Canada, Europe, and Japan doing coordinated but relatively minor sales of the bonds they hold as part of the tariff response. Carney probably understands global finances more than any other world leader for getting that done the way he did.
futatorius@lemm.ee 1 week ago
It’s both. You may have heard of the dictatorship of the proletariat. This is the dictatorship of the subnormal bullies.