Donald Trump the Megathread part II - Mod Warning updated in OP 12/2/26

Of course he won! Just like Putin wins.

I think Musk came out yesterday arguing for 0% tariffs and total freedom of trade between the US and EU.

Well, this is as dumb as Trump's tariff nonsense. Tariffs can be used to protect domestic production and shield an economy. I'd imagine that it can be helpful in some certain circumstances, especially to smaller nations.

However, Trump uses them in a bludgeon-like manner when a more targeted and logical approach would be needed. Tariffing everything coming from abroad is just mindless. Conversely Musk's 0% tariff across the board is equally ill-thought out gibberish.

Can't believe these dickheads are in a position of power.

As if it's needed, it's an indication of the type of minds you have in the White House these days.

So what will this week bring ? More doom and gloom? Potential rays of light? Or start of job losses ?

I don't think he's pandering to the ultra-rich in this instance. The ultra-rich tend to want global free trade. Musk would be an example of this calling for zero tariffs between the US and EU.

I read at slate.com. Trump is extending tax cuts from 2017 of this gets thru Congress it will increase. America,s. Trillion dollar debt by 30 percent .His tariffs are crashing the stock market and reducing the value of the dollar . The problem is business leaders and CEO ,s are afraid of trump afraid to speak truth to power and say tariffs are a disaster for consumers and business and increase inflation .

America is heading for a recession stagflation caused by trumps bizarre economic policys that make no sense that any economic expert

Do you have the link?

The web page that shows they are getting hammered.

It would be interesting to see it.

Thanks

Or as charlie munger stated Trump is just bat shít crazy.

where that falls down is that American equities were over priced, some event had to happen to bring them back to normal levels, buying now would not be the smartest move, at 22 times future earnings they were very expensive and were priced in for perfection over the next 5 years, Buffet went into cash over the last 18 months which in itself was a sign things had gone beyond frothy in the market, if it wasn’t trump it would be something else, this will end trump but any of his mates buying now will be taking risk that he now can’t control.

Lutnick and Bessent interviewed today and are holding the line on tariffs. Its finally great to see politicians putting main street over wallstreet and holding to their campaign promises.

It isn't a bad idea just because Musk said it.

I didn't say that it was.

However, in this instance it is Musk saying it and it's an indication of how farcical things are in the US right now, when you have Tweedle Dumb saying tariff everything and Tweedle dumber saying there should be no tariffs at all.

Oh, I'm not assuming anything at all, especially in what Trump's concerns are regarding the US economy. Or anyone else's for that matter.

This whole exercise seems to be more and more one of disaster capitalism on a grand scale.

Do you think there are wealthy people who are not making a killing off of a collapsing stock market? I'd suspect there's plenty of wealthy people who are close to Trump who are doing so. Meanwhile the working class will suffer directly as the result of this. It's pretty telling that you don't respond when people tell you this. Instead it's some nonsensical propaganda over and over.