Not sure why the gutting of American science funding isn’t a bigger story.
No one voted for it, it reduces American innovation and economic competitiveness in the near-term and long-term, and it isn’t even being done efficiently, if that were in fact the goal.
Hard to overstate how fiscally irresponsible this is.
10 year cost is *2x* Biden's ARP and IRA combined, and vastly more over a long timeframe, since it permanently decreases revenue and Biden's bills were mostly big one-time expenses.
@rhcm123 would be even funnier if it was literary though. You want to drive a truck? better be able to write 2000 words on the meaning of motherhood in the Bell Jar, buddy
Economists should just make a poorly-named “trade deficit 2.0” metric that accounts for capital inflow and tell him he did such a good job threatening other countries, he solved the issue without even needing tariffs.
Every time I think I’m desensitized to the outlandish things he says without repercussion/uproar, he proves me wrong. No other American president could say “Of course I’m not going to protect the American economy” and have it swept under the rug as another casual Monday.
here. we. go.
- 46% of Toy Companies in the US say they expect to go out of business within "weeks"
- 128K Federal workers lost their jobs in last 60 days
- 40% of cargo ships leaving China for the U.S. were empty today.
- Shoes expected to go up 87% in price
- Apparel expected to go up 65%
- US Exports expected to drop 18%
- Tourism to US down 20%
- All foreign goods up at least 10% on USD alone
Really not sure how anyone is supposed to negotiate a trade agreement with someone who has no coherent demands and an increasingly fragile grip on reality
Just literally using the office of the White House for open corruption. I think people's lack of understanding about crypto is making this a much less impactful story than it should be.
Just in the past *8 hours* alone:
- Reduction to 50% tariffs on China
- Then White House said never mind, back to 145%
- Auto tariff exemptions
- Then White House said never mind, might even go higher than before
You think ANY CFO is going to sign off on a CapEx project in a country this unstable?
The S&P 500’s performance since Inauguration Day is now the worst for any president up to this point in data going back to 1928 - Bespoke Investment via WSJ
Textbook example of what's happened to people. This guy has no idea what the problems are, what he thinks caused them, and definitely doesn't know how to fix them, but he's absolutely certain there ARE problems. This mindset gives you justification for burning the world down.