WASHINGTON (AP) — President Donald Trump offered a rosy assessment after the stock market dropped sharply Thursday over his tariffs, saying, “I think it’s going very well.”
“The markets are going to boom, the stock is going to boom, the country is going to boom,” he said when asked about the market as he left the White House to fly to one of his Florida golf clubs.
The Dow Jones Industrial Average dropped more than 1,600 points on Thursday as U.S. stocks led a worldwide selloff after the Republican president’s announcement of tariffs against much of the world ignited a shock like none seen since the COVID-19 pandemic.
Of course it’s going well, the stock market drop was exactly what he was hoping for.
Have we forgotten that he has done this each month since he was Inaugurated?
Today the stock market crashrs on the tariff news. The wealthy will buy on this massive dip, and in a few days, HitlerPig will announce that the countries on his list have responded to his tariff threats, so he is postponing them for a month or so.
The stock market will recover a bit, and the wealthy will make a fortune. In a month, he’ll do it all over again.
It’s deliberate market manipulation.
Except that this 4D chess move is not going to make the wealthy a fortune. Dismantling the global economy will only hurt, everyone, in the long-term. Including billionaires’ profits. Just the threat of tariffs is enough to do that damage. Whatever short-term gains anyone might make on a market dip are going to be completely washed out by the long-term losses of destabilizing international trade on a whim.
Even if it is “according to plan”, it’s a stupid fucking plan, and it won’t work.
Those at the top have been conditioned to respond to quarterly earnings reports. They dont think much about long term strategy, other than to hoard as much money as possible to help them ride out whatever revolt might be coming.
And dont forget, most of them arent the smart ones that built those fortunes. Most are ignorant nepo-babies like HitlerPig, who paid or bullied their classmates to do their homwork, remained stupid, then inherited their family’s fortune.
They were born on third base, and brag about hitting a triple.
I’m thinking the same but I also wouldn’t bet on it with him. However it is the same play right at the beginning of the month again. They are making so much money off of this.