Tag: stock markets

Twosda’s Wandering Political Thoughts

I had an interesting exercise a short while ago. On a writing break to stretch my butt and water my mouth, I perused some NYT to chill before returning to my regular scheduled writing plan.

This really caught my attention. It’s the articles trending in the NYTimes. I noticed it when I finished reading an article about the Jeju aircraft crash that took place last December.

It’s quickly apparent that Trump’s moves are dominating stories at this venue. Ponder those titles. They reveal the divisiveness, uncertainty, and chaos Trump is causing. Those few stories that try to spin Trump’s actions as a ‘good thing’ are written by conservatives. Surprise, right?

BTW, that piece titled, “Opinion: Trump Has Everything Under Control” is the regular Gail Collins and Bret Stephens piece. It is not a positive piece about Trump.

Gail Collins: OK, Bret, I know you can’t tell the future, but give me a prediction. Will President Trump’s tariffs go down as one of the 100 worst decisions in presidential history? 50? 10?

Bret Stephens: As an economic matter, possibly the worst presidential decision ever. Say what you will about Herbert Hoover, but he was an honorable public servant who didn’t have the benefit of hindsight when he signed the Smoot-Hawley tariff into law in 1930. As a foreign policy matter, it’s at least in the top five worst. It’ll be a few months before we see the full consequences in terms of reciprocal tariffs, broken alliances, destroyed trust and an America that has dethroned itself from global economic leadership. And don’t be surprised if it leads to war, as global economic upheavals often do.

Other than that, Gail, it was a great week. Like millions of other Americans, I barely noticed losing a big chunk of my net worth. Can’t wait for all the price increases to kick in.

As for many other articles in this list, they often feature conservatives now bemoaning what Trump is doing to the United States and world economy. None of these stories were long. I read them all. What emerged to me was how many were still coping with Trump’s chaos as if this was a surprise. Come on, man, where were you people getting your news?

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Thirsta’s Wandering Political Thoughts

It’s Trump’s morning in America.

“The stock market is down over fourteen hundred points,” my wife greets me.

“Hey girl,” I answer. “Good morning.”

If my wife seems gleeful about the stock market, it’s because she’s angry. Bottom line, she’s in the FAFO camp. Reads ‘The Leopard Ate My Face’ tales daily. Spoons up all those tales about Trump supporters and apologists who are now Trump victims.

Trump said he would do tariffs when he ran for POTUS in 2024. Professional economists have almost all agreed, bad, bad, bad, bad, terrible idea. Trump always thinks he knows better than everyone else. He usually doesn’t. I mean, this is the guy who bankrupted a casino.

Facts don’t matter to Trump. You knew that if you watched his tariff announcement yesterday. He displayed a chart with bogus tariff info. It shows tariffs imposed on U.S. goods. Almost all those supposed tariffs by other countries are inflated by significant amounts.

With almost no surprise, then, worldwide markets dropped after his tariffs announcement.

Some people rationalize what Trump is doing as necessary. They prophesize Trump’s tariffs will bring jobs back to the United States. Factories will spring up like mushrooms after a rain across the nation. And those factories won’t use robotics, as many modern factories do. No, they will employ human, American workers. Even though the U.S. must import many of the raw and finished materials used in modern products, imported materials which will be high-priced due to Trump tariffs, those goods produced in these new factories will be amazingly cheap because they’re made in the U.S.A. There won’t be any profit taking and price gouging, because that’s not how corporations work in the United States. And the workers in those factories will be magnificently compensated for their hourly labor because companies in the United States are known to generously pay hourly employees. Why, it’ll be the greatest economy ever!

If you believe all that, I have an automobile manufacturing plant in Ashlandia to sell you.

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