"As the global markets plummeted for a second consecutive day in reaction to Donald Trump's tariffs announcement, the president has shared a video on social media that claims that the crash is intentional."
~ Hannah Parry
#Trump #tariffs #economy #crash #StockMarket #recession #inflation #destruction
/1
https://www.newsweek.com/trump-shares-video-claiming-hes-crashing-stock-market-purpose-2055675
"While driving in a motorcade to a golf outing, he posted a Darwinian message to Americans who are financially insecure, retired, ill, facing educational debt, and trying to raise families on minium wage. Trump posted,
ONLY THE WEAK WILL FAIL!
The post is an insult to millions of Americans. Trump also said that the historic decline in the stock market was an opportunity to 'get rich.'”
~ Robert B. Hubbell
#Trump #tariffs #economy #crash #StockMarket #recession
/2
https://roberthubbell.substack.com/p/reclaim-democracy-on-april-5-in-a
"Trump is spending a long weekend in Florida, where he is attending the LIV golf tournament at his Doral club. ...
Tonight, as the economy is in turmoil, Trump is speaking at a $1 million-per-person candlelight fundraising dinner at the Trump Organization's Mar-a-Lago property for the super PAC, MAGA Inc., that supports Trump."
~ Heather Cox Richardson
#Trump #tariffs #economy #crash #StockMarket #recession #inflation #destruction
/3
"Wednesday, Day 1 of the Trump tariffs, was dubbed 'Liberation Day' by the president. In less than 48 hours, it has come to mean that millions of Americans are being 'liberated' from their retirement funds. Check your 401(k). Dread ‘em and weep. The S&P 500 lost 10% of its value in just two days."
Dan Rather
#Trump #tariffs #economy #crash #StockMarket #recession #inflation #destruction
/4
"Sure, the markets aren’t buying Trump’s claims, and economists think what’s happening is insanity, but there seems to be something more insidious at play here. ...
But what if it isn’t just a plan (no matter how bonkers) to make America richer? What if it is actually about amassing more power? Just as universities and law firms have recently done, this could be about Trump forcing private industry, key institutions, and foreign governments to bend the knee."
"All of those supposedly worldly-wise Wall Street types who either supported or did not oppose Trump’s return to power deserve some of the blame today. ... Even if Wall Street executives and others who chose to believe that Trump was preferable to Kamala Harris were indifferent to civil liberties, public health, or the administration of justice, you’d think they’d be interested in their own bottom lines."
~ Mona Charen
#Trump #tariffs #economy #crash #StockMarket
/6
https://www.thebulwark.com/p/trade-and-tariffs-trump-cant-be-taught-economy
"These are REPUBLICAN tariffs. Not Trump tariffs. Not Musk tariffs. REPUBLICAN tariffs. ...
There are many who will support what’s happening simply because Trump is the leader. Many Members of Congress are happy to let Trump take the heat so long as it passes them by."
~ Reed Galen
#Trump #tariffs #economy #crash #StockMarket #recession #inflation #destruction
/7
https://reedgalen.substack.com/p/campaign-memo-attacking-the-republican
“'In economic terms, it makes no sense at all,' said Jordi Gual, the former chair of CaixaBank, Spain’s largest domestic lender, who is now an economics professor at IESE business school in Barcelona. 'It is hugely problematic, because we go back to a level we hadn’t seen since the 1930s.'”
~Heather Stewart and Richard Partington
#Trump #tariffs #economy #crash #StockMarket #recession #inflation #destruction
/8
Gual said: 'Some people argue he’s playing the madman strategy. Or some sort of random behaviour so that rivals, enemies, cannot anticipate his next move. Maybe that in geopolitics has some role. But in economics that increases the level of uncertainty and it is not supportive of economic growth and financial stability.'”
#Trump #tariffs #economy #crash #StockMarket #recession #inflation #destruction
/9
Clay Bennet's commentary on what "Liberation Day" actually turns out to mean for many Americans as we watch our retirement funds vanish
#Trump #tariffs #economy #crash #StockMarket #recession #inflation #destruction #LiberationDay
/10
https://www.dailykos.com/stories/2025/4/5/2314404/-Cartoon-He-did-say-liberation