The stock market is crashing! Trump has ruined everything! This is the end!
Or…to quote the great Dave Chapelle: “…and hear me out when I say this…you could shut the fuck up.”
The stock market has simply rung out Biden’s last gasp of free money before he lost the election. We are back to where we were a year ago.
🇺🇸 all-in takes dc part 2!
@chamath and @friedberg sit down with @CommerceGov secretary @howardlutnick for another long-form interview 🔥
-- insights from running trump's transition team
-- creating @DOGE with @elonmusk
-- fixing gdp
-- tariff strategy
-- how to sell 1m+ trump cards
-- government software strategies
++ much, much more
(0:00) chamath and friedberg welcome commerce secretary howard lutnick!
(1:10) howard describes his 30+ year relationship with president trump and his road from business to politics
(14:44) running trump's transition team, doge origin story, what it's like working for trump
(38:01) balancing the budget and fixing gdp
(52:21) tariff history and strategy, global trade
(1:10:34) trump cards, building better government software, ai thoughts
(1:22:49) sovereign wealth fund strategy
(1:37:16) how his family reacted to his new role
Trump is targeting 25% tariffs because China dumps steel and aluminum in Canada below the price it's manufactured in North America.
Canada rebrands it as a product of Canada to avoid all US import fees, then dumps it in the US market.
Why are countries freaking out about US tariffs? Because they all have massive trade surpluses with the US.
If the US moved manufacturing domestically, the EU, Canada, Mexico and Chinese economies would collapse. They are completely dependent on net exports to the US.
Liberals who talk about rights like this are assuming you have a sub-90 IQ.
You don’t have a right to take stuff from other people or a right to make them provide a service.
Do you have a right to food, healthcare services, or housing that another person creates? Of course not.
HALF A TRILLION INCREASE IN US DEBT IN A FEW DAYS LEADING TO THE ELECTION. THIS ADMIN IS ABSOLUTELY OUT OF CONTROL.
PLEASE EXPLAIN TO ME WHAT IS GOING ON LIKE I'M 5 YEARS OLD. $gld $gdx
WHO IS FUNDING ALL THE NEW GOVERNMENT JOBS IN PAYROLLS?
IS COVID BACK? ARE WE IN A NEW WAR? EMERGENCY? DID I MISS ANY NEWS?
RFK Jr.’s new portal to Team Trump, “Policies for the People,” has BLOWN UP overnight! 🚨
Thousands of users have signed up, submitted ideas, and are actively “voting” for each other’s policies.
The top proposal is currently “Single Issue Bills,” followed closely by a term limits proposal.
Without even being elected yet, this administration is already giving the American people their voices back.
This is how you reduce disenfranchisement… and encourage civic participation again!
RFK Jr. has promised to read all submitted proposals submitted through the portal.
May the best ideas win!
Interest on the debt in May was equal to 79% of all personal income taxes collected that month; no roads or bridges, no hospitals or military, no Medicare or social security, JUST INTEREST...
Does Congress have any idea?
It took 63% of all personal income taxes in Feb to pay the interest on the debt - no roads, no military, no schools, no social security - JUST INTEREST:
One of the hallmarks of a repressive and authoritarian political culture is the theme that opposition to your government's wars makes you a "traitor" and "an enemy within."
This view is now central to liberal discourse in both the US and Europe. Questioning Zelensky = treason.
Kevin O'Leary, "Mr. Wonderful" went on CNN and absolutely DESTROYS Letitia James' case against Trump:
“Every single real estate developer everywhere on Earth does this…Who lost money? Nobody! If you’re gonna sue this case and win, you gotta sue every real estate developer everywhere...so I don’t think this thing will ever survive appeal…This doesn’t even make sense.”