Is President Trump an Idiot? Or does he think we are?

[winn dixie]

Originally Posted by Salty Again

... The stock markets are sliding and inflation rising due to
the same ebb and flow that we constantly see... And soon
they will rise and slide the other way.

President Trump's tariffs are used as negotiation tools.
So, they will be enforced or not - based on the other nation's
reaction and ACTION... If the other nation(s) thus listen
and capitulate enough in President Trump's favour - then
He drops the tariffs... Hmmmm... Common sense, yes? ...

... Remember, though - as you process this - that YOU surely
wanted Biden or Kamala to continue on. ... And while BOTH
of them play the "Idiot Game" really well - better than
almost anybody - the wars would still persist and the
bankrupting of the country would continue. ...

... So THAT said - Let's give President Trump some more
time to fix things! ... As He makes America GREAT Again.

##### Salty

Same old answers. Tiring
Where did Lucas post that he wanted Biden to continue on? Where?
He didn't!
And trumpf is an idiot.

[Hdtown]

Diaper Don is an idiot and most people know it 🙄

[Lucas McCain]

Originally Posted by Salty Again

... The stock markets are sliding and inflation rising due to
the same ebb and flow that we constantly see...

LOL. WRONG... you're funny.

I didn't yank 90% of my money out of the market 3 weeks ago and put it into a money market account because of the usual "ebb and flow" of the market. I did so because Trump is an idiot and I'm waiting on his billionaire hedge fund buddies to tell him to cut this stupid tariff shit out and then buy back in low.

Originally Posted by winn dixie

Same old answers. Tiring
Where did Lucas post that he wanted Biden to continue on? Where?
He didn't!
And trumpf is an idiot.

I didn't. Just the usual bullshit from the Salty one. He's adorable.

[69in2it69]

Originally Posted by Lucas McCain

LOL. WRONG... you're funny.

I wonder if he can look at the following from 2005 to October 2024 and find a pattern?


Largest Single-Day Stock Market Drops (Past 20 Years)

Here are the 10 largest single-day percentage drops in the S&P 500 from 2005 to October 2024:

1. March 16, 2020: -11.98% (President Donald Trump)
   
   • COVID-19 pandemic escalation despite Federal Reserve emergency rate cut
2. March 12, 2020: -9.51% (President Donald Trump)
   
   • COVID-19 pandemic declared; European travel ban announced
3. October 15, 2008: -9.03% (President George W. Bush)
   
   • Global financial crisis; recession fears after failed bank bailout
4. December 1, 2008: -8.93% (President George W. Bush)
   
   • Official declaration that U.S. was in recession; continued financial crisis
5. September 29, 2008: -8.81% (President George W. Bush)
   
   • House rejection of $700 billion bank bailout plan
6. March 9, 2020: -7.60% (President Donald Trump)
   
   • COVID-19 fears and oil price war between Saudi Arabia and Russia
7. February 27, 2020: -4.42% (President Donald Trump)
   
   • Early COVID-19 pandemic fears
8. August 8, 2011: -6.66% (President Barack Obama)
   
   • S&P downgrade of U.S. credit rating
9. August 24, 2015: -3.94% (President Barack Obama)
   
   • Chinese stock market crash and currency devaluation
10. February 5, 2018: -4.10% (President Donald Trump)
    
    • Concerns about rising interest rates and inflation

At the rate the orange ass if fucking things up he'll hold all 10 places by the end of July.

[VitaMan]

It is just wait and see now.


But less than 2 months into Trump's term......and there is already talk of a recession ? There was no ebb and flow for a reason for this to happen......except for Trump's policies. I wonder if he will admit he is the once that is causing it ?


IF things get really bad, we get to mid term elections, and the Democrats obtain a majority in both houses of Congress, Trump will have to suffer during his last 2 years in public office.

[Tiny]

Originally Posted by Schwarzer Ritter

The fact that you slavishly followed Biden shows us what we need to know about you.

Slavishly follow Biden, haha! Perhaps you missed my "How Are We Going to Pay for All This Shit" thread.

https://www.eccie.net/showthread.php?t=2773114

Originally Posted by Salty Again

... The stock markets are sliding and inflation rising due to
the same ebb and flow that we constantly see... And soon
they will rise and slide the other way.

President Trump's tariffs are used as negotiation tools.
So, they will be enforced or not - based on the other nation's
reaction and ACTION... If the other nation(s) thus listen
and capitulate enough in President Trump's favour - then
He drops the tariffs... Hmmmm... Common sense, yes? ...

... Remember, though - as you process this - that YOU surely
wanted Biden or Kamala to continue on. ... And while BOTH
of them play the "Idiot Game" really well - better than
almost anybody - the wars would still persist and the
bankrupting of the country would continue. ...

... So THAT said - Let's give President Trump some more
time to fix things! ... As He makes America GREAT Again.

##### Salty

Thanks for your, and Farmstud's substantive comments Salty. Trump did indeed do some very positive things. The corporate tax cuts and deregulation come to mind. He ended North Korean long and intermediate range missile launches simply by buddying up to Kim. It's increasingly looking like he might just pull off a huge win for the world, an end to the Ukraine/Russia War. However, his trade war risks totally undoing his legacy, what he hasn't already tarnished with his post 2020 election shenanigans.

Today as you know he's decided to up tariffs on Canadian aluminum and steel to 50%, in response to the Ontario premier's threat to shut off electricity to 1.5 million Americans. How much sense does that make? Even if you believe in counterproductive trade wars, why are you escalating against what's merely a threat?

I don't think the Canadians are going to back down, even though they know they'll be hurt worse than we will. Many have stopped buying American products and intend to stop vacationing in the USA. Merchants are identifying "made in the USA" merchandise in their stores, or just switching to alternate suppliers. Canadians, rightly, view this as the economic equivalent of Pearl Harbor.

Why has Trump got a hard on to fuck Canadians? I like Canadians. I and many other Texans have a lot more in common with your average Albertan than we do with your typical Californian.

Before he became president, there were a lot of people who wouldn't do business with Trump, because you can't trust him. He apparently is intent on doing the same thing to the United States of America as what he did with the Trump Organization. Now other countries can't trust the USA. Trump negotiated the USMCA (United States/Mexico/Canada trade agreement), for goodness sake. It was up for renegotiation in 2026. But Trump, who is severely lacking in integrity, just couldn't wait. We'd all be better off, Americans, Canadians, and Mexicans, if he'd just drop this shit. But if it must proceed, he should have at least given manufacturers, importers, our exporters and others time to invest the capital and establish the supply chains to adjust. Which he could have done by putting out the word to his intentions, and waiting until 2026 to implement the tariffs. But NO, apparently that's not the Trump way.

I hope you're right, about this just being a negotiating tool. I suspect you're not though.

[winn dixie]

Imo there's nothing else to add to thread. Lucas pretty much turned out the lights!

Good post rifleman.

[Texas Contrarian]

Originally Posted by Tiny

I hope you're right, about this just being
a negotiating tool. I suspect you're not though.

I have the same concern.

I'm afraid Donald sees tariffs as sort of a "fix-it-all" elixir that can simultaneously raise a lot of revenue and bring industry back into the USA, while additionally serving as a hammer that bends foreign governments to our will regarding cooperation on various challenges such as crime and border control. (Should it really be difficult to understand the mutual contradictions here?)

And what's up with the bizarre infatuation with President McKinley? Trump seems to think the high tariff rates imposed in the late 19th Century were what made America a wealthy nation. (Hey, Donald! Ever hear of something called the Second Industrial Revolution?)

Originally Posted by Tiny

I feel sorry for Treasury Secretary Bessent and Commerce Secretary Lutnick, having to explain this lunacy.

I wonder if those two guys are beginning to rue the day they decided to volunteer for this shit.

In a couple of recent interviews, Bessent exhibited the mien and demeanor of someone appearing in a hostage video under painful duress.

Lutnick was out on Bubblevision a few days ago babbling in quite animated fashion, but he sounded like a complete fool. Among other things, he said Apple ought to make all its phones and other devices in the US, and could do so cheaply with AI, robotics, and all the newest technology, and that this would create "millions and millions" of new well-paying jobs for those trained in how to operate and tweak the new robots. (Sure, Howard!)

Perhaps the big question is whether Donald will finally endeavor to learn anything about these issue, or just double down on failure in aggressive Dunning-Kruger effect style. (I don't think I'd bet against the latter.)

[Tiny]

Originally Posted by Texas Contrarian

Lutnick was out on Bubblevision a few days ago babbling in quite animated fashion, but he sounded like a complete fool. Among other things, he said Apple ought to make all its phones and other devices in the US, and could do so cheaply with AI, robotics, and all the newest technology, and that this would create "millions and millions" of new well-paying jobs for those trained in how to operate and tweak the new robots. (Sure, Howard!)

He should step onto an Asian factory floor for PCB's or consumer electronics. He'd see an army of women involved in repetitive, dull, detail-oriented work. Men can't handle it.

Furthermore, if you look at the corporate disclosure, you'd see that a change in the minimum wage can make a big difference in the profitability and even the viability of some of the manufacturers. And the minimum wage in places like Malaysia, Thailand and especially Vietnam ain't jack.

Howie, Donnie and Petey (Navarro) are plain ignorant. President Trump did a great job Making America Competitive Again with the corporate tax cuts and deregulation. But apparently what the Donald Giveth, the Donald taketh away.

Although it looks like this evening he's giving back a little of what he took away. No 50% tariffs on Canadian aluminum and steel, "just" 25% on all countries.

[HDGristle]

Originally Posted by Texas Contrarian

I'm afraid Donald sees tariffs as sort of a "fix-it-all" elixir that can simultaneously raise a lot of revenue and bring industry back into the USA, while additionally serving as a hammer that bends foreign governments to our will regarding cooperation on various challenges such as crime and border control.

You won the internet today. This is the correct answer. The idiot has a hammer and every problem is a nail, even when hammering those nails conflict in their objectives and impacts.

[TheDaliLama]

Originally Posted by winn dixie

Is President Trump an Idiot? Or does he think we are?

Trumpf is an idiot!

Would “we” include some of the Valued Posters on this board?

Asking for a friend.

[winn dixie]

Originally Posted by TheDaliLama

Would “we” include some of the Valued Posters on this board?

Asking for a friend.

Off to a great start.
Trumpf is an idiot
It's futile to say othetwise

[TheDaliLama]

Originally Posted by winn dixie

Off to a great start.
Trumpf is an idiot
It's futile to say othetwise

That answers my question. Thank you Valued Poster!