Almost anyone could keep the juggernaut American economy running smoothly, it takes a real go getter president to single handed stop it in its tracks
abrookerunsthroughit on
>When Mr Trump won the election in November, investors and bosses cheered him on. The S&P 500 rose by nearly 4% in the week after the vote in anticipation of the new president lighting a bonfire of red tape and bringing about generous tax cuts. His protectionist and anti-immigration rhetoric, investors hoped, would come to nothing. A stockmarket correction or a return of inflation would surely curb his worst instincts
>Just as important, the people around the president also appear to lack influence. Scott Bessent, the treasury secretary, and Howard Lutnick, the commerce secretary, are both financiers, but if they are trying to rein in Mr Trump, they are not doing very well. Instead of being wise counsellors, they come across as stooges, explaining why tariffs are essential and Wall Street doesn’t matter. Few businesspeople want to speak truth to power for fear of drawing Mr Trump’s ire. And so the president and reality seem to be drifting ever further apart.
This is what I can’t wrap my head around. Surely, some people in Trump’s administration *must* know that his tariff policies are insane.
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Read here —-> [https://archive.ph/KKMeA](https://archive.ph/KKMeA)
https://preview.redd.it/t84sknn91ane1.png?width=1170&format=png&auto=webp&s=a97af32de3fda11910183720e1742722667f9281
If Americans just wanted to be masochists, the vendors on aliexpress would gladly retool to produce bondage gear for them
https://preview.redd.it/kvqais5c1ane1.png?width=1132&format=png&auto=webp&s=e0b49246a069b55c55496116ea104d9d3e73b0bc
Almost anyone could keep the juggernaut American economy running smoothly, it takes a real go getter president to single handed stop it in its tracks
>When Mr Trump won the election in November, investors and bosses cheered him on. The S&P 500 rose by nearly 4% in the week after the vote in anticipation of the new president lighting a bonfire of red tape and bringing about generous tax cuts. His protectionist and anti-immigration rhetoric, investors hoped, would come to nothing. A stockmarket correction or a return of inflation would surely curb his worst instincts
https://i.redd.it/y8h98q692ane1.gif
>Just as important, the people around the president also appear to lack influence. Scott Bessent, the treasury secretary, and Howard Lutnick, the commerce secretary, are both financiers, but if they are trying to rein in Mr Trump, they are not doing very well. Instead of being wise counsellors, they come across as stooges, explaining why tariffs are essential and Wall Street doesn’t matter. Few businesspeople want to speak truth to power for fear of drawing Mr Trump’s ire. And so the president and reality seem to be drifting ever further apart.
This is what I can’t wrap my head around. Surely, some people in Trump’s administration *must* know that his tariff policies are insane.