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#stagflation

32 posts11 participants0 posts today
Public
Kim Perales

Instead of calling out Trump's egregious EOs & policies, high ranking, craven Republicans, hide, deflect, resign... to avoid being belittled by the beast.

On Treasury Secretary Bessent: "Some have said to me, he's looking for an exit door to try to get himself to the Fed, because in the last few days he's really hurting his own credibility and history in the markets."
-S Ruhle

#Tariffs #Trumpcession #Stagflation #Trump #Republicans #USPol rawstory.com/bessent-trump-tar

Raw Story · Trump's Treasury secretary 'looking for an exit door' after two months on the job: MSNBCBy Tom Boggioni
Public *
Kim Perales

Trump: "Straight up LIED when he said the US is now charging tariffs at half the rate other countries charge. They made up those #tariffs out of whole cloth. We now likely have the highest tariffs in the developed world, & even higher than many developing countries.

VATs aren't tariffs, we export lots of AG, & what happened to the free market?"

#Tariffs:🚨defacto taxes cuts for the wealthy -PAID BY THE POOR!"
-S Liesman

#Idiocracy #Stagflation #Recession #USPol

Watch:
cnb.cx/3YjejDN

CNBCEconomists question how tariffs were calculated by Trump administrationCNBC's Steve Liesman joins 'Squawk on the Street' to discuss the potential impact of tariffs on the economy, how the tariffs were calculated, and more.
Public
Kim Perales

The damage from his lying & ECONOMIC ILLITERACY has only begun to be felt. WSJ: Trump's #tariffs are⬇️domestic MANU.

The Trump admin is creating #stagflation. It's precisely bc Trump's lies promote policies that wreak such havoc that news outlets, Dems +all who care about truth must reject the notion: fact-checking no longer matters.

Democracy defenders must confront pols, media outlets... with reality as strenuously as he's propagated his LIES.
#USPol #Recession #Resist contrarian.substack.com/p/trut

The Contrarian · Truth still mattersBy Jennifer Rubin
Public *
Kim Perales

"Congratulations, boss, you've done it: You're bigger than covid.

The claim that they're "reciprocal tariffs" is "total nonsense."

Some data worth pondering as the conversation shifts to "reciprocal" tariffs."
-J Wolfers

Trump says⚡Paul, McConnell, & Collins are being “unbelievably disloyal” for introducing a bill to reverse his CAN tariffs.

America's trading partners charge relatively low tariff rates, on average.

Line graph depicting the Global Economic Policy Uncertainty Index, showing a significant upward trend, reaching a record high of 460.18 by 2025. The x-axis represents years from 2000 to 2025, while the y-axis indicates rate:
Bar chart displaying average tariff rates charged by America's major trading partners, with values ranging from 0.0% to 20.0%. Key figures include Hong Kong and Singapore at 0.0%, the United States at 1.5%…
#Economy#Tariffs#Stagflation
Continued thread
Public
William Lindsey :toad:

"Trump’s 'Liberation Day' tariffs are as extreme as it gets. Donald Trump is considering tariffs so high there would be a shock to the entire global economy. …

Republicans are openly admitting that things will be worse, while claiming that there will eventually be a payoff."{

~ Hafiz Rashid

#Trump #economy #tariffs #recession #inflation #stagflation #LiberationDay
/7

newrepublic.com/post/193440/tr

The New Republic · Trump’s “Liberation Day” Tariffs Are as Extreme as It GetsDonald Trump is considering tariffs so high there would be a shock to the entire global economy.
Continued thread
Public
William Lindsey :toad:

Ron Filipkowski reports that sources in the White House say that "Trump loves the chaos his tariffs are causing: He 'likes the shock and awe. Each country needs to panic and call. Trump wants to hear you grovel and say you’ll cut a deal. Some will cut a deal before and some just won’t get it and will get pounded. And then we’ll see how fast they start dealing.'”

#Trump #economy #tariffs #recession #inflation #stagflation #LiberationDay
/6

meidasplus.com/p/today-in-poli

Meidas+ · Today in Politics, Bulletin 103. 4/1/25By Ron Filipkowski
Public
Kim Perales

Trump is set Wed to begin the biggest gamble of his 2nd term, wagering that broad-based tariffs on imports will jumpstart a new era for the US #economy.

No one outside the admin knows quite how those goals will be achieved +what'll be the price to pay.

On their surface, tariffs are a tax on imports & theoretically, are inflationary.

The bus comm is still on Trump's side.

🚨He's intentionally destroying the fed govt.
#Idiocracy #Stagflation #Trumpscission #Resist #USPol cnbc.com/2025/04/01/trumps-tar

CNBCTrump's tariff gambit will raise the stakes for an economy already looking fragilePresident Donald Trump is set Wednesday to begin the biggest gamble of his nascent second term.
Continued thread
Public
William Lindsey :toad:

"A Fox News poll finds that Trump is sliding on the economy, with the public turning against tariffs in particular. And an Associated Press survey also has terrible news for Trump on this front. Notably, all these negative consequences kicked in well before the tariffs have even started."

~ Greg Sargent

#Trump #economy #tariffs #recession #inflation #stagflation #LiberationDay
/3

newrepublic.com/article/193408

The New Republic · Trump Hit by Brutal New Polls on Econ as GOP Tariff Panic Goes NuclearAs Republicans scramble to defend their states and districts from Trump’s looming tariffs, economist Jared Bernstein explains why they’re likely to prove so destructive to the country—and to the GOP.
Continued thread
Public
William Lindsey :toad:

"There have been incompetent presidents before, but I’m not sure we’ve ever seen this degree of shambolic chaos, a combination of 1) the dumbest, least qualified people, with 2) the worst objectives, and 3) the most sweeping ambition."

~ Paul Waldman

#Trump #economy #tariffs #recession #inflation #stagflation #LiberationDay
/2

paulwaldman.substack.com/p/the

The Cross Section · They Can't Even Make the Trains Run On TimeBy Paul Waldman
Public *
William Lindsey :toad:

Jay Kuo greets Trump's announcement that tomorrow will be "liberation day" with new tariff announcements by saying,

“'Liberation Day,' my ass. ...

Liberation Day is really more about the rest of the world liberating itself out from under the yoke of U.S. trade bullying, all while families and farmers find themselves 'liberated' from their savings and their incomes."

#Trump #economy #tariffs #recession #inflation #stagflation #LiberationDay
/1

statuskuo.substack.com/p/liber

statuskuo.substack.com“Liberation Day,” My AssTrump will announce a set of new tariffs tomorrow. The markets and our trading partners have had it with him.
Continued thread
Public
William Lindsey :toad:

"Banks are predicting a downturn for the American economy.

Goldman Sachs raised its 12-month recession probability from 20 percent to 30 percent on Monday, reported Reuters. The banking giant also downgraded American gross domestic product growth forecast from 2 percent to 1.5 percent, and projected three interest rate cuts by the Federal Reserve."

~ Ellie Quinlan Houghtaling

#Trump #economy #tariffs #recession #inflation #stagflation #StockMarket
/13

newrepublic.com/post/193388/do

The New Republic · Trump Insists Economy Not About to Explode as Banks Warn DifferentlyDonald Trump appears to be driving the U.S. right into a recession.
Continued thread
Public
William Lindsey :toad:

"MAGA conservatives love Viktor Orbán. But he’s left his country corrupt, stagnant, and impoverished. ...

'Please trust us,' Orbán declared in his annual state-of-the-nation speech in early 2023. “You can bet on it: By the end of the year, we will have inflation in single digits'.”

~ Anne Applebaum

#Trump #economy #tariffs #recession #inflation #stagflation #StockMarket #TaxCuts #EconomicElites #Orbán #Hungary
/10

theatlantic.com/magazine/archi

The Atlantic · Orbán’s Hungary Could Be America’s FutureBy Anne Applebaum
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