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#disasterpresidency

15 posts6 participants1 post today

IF A FOREIGN CORPORATION HAS THE OPTION of moving to the U.S. and paying higher wages just to sell in the U.S. for less money...

vs.

Just moving their manufacturing to someplace with extremely cheap labor to offset the #tariff, which do you think they will do? #TooStupidToBePresident #DisasterPresidency #DonnieDumbass #Economics101

(Between the time I found the following link & the time I posted it, the #DOW fell from -1,000 to -1,300.)
cnbc.com/2025/04/03/stock-mark

CNBCDow drops 2,200 points Friday, S&P 500 loses 10% in 2 days as Trump's tariff rout deepens: Live updatesChina's commerce ministry said Friday the country will impose a 34% levy on all U.S. products.
Replied in thread

"A lot of [foreign] companies will decide it'll be cheaper to increase prices and take the hit, than build a [21st century] factory in the United States and pay higher wages based on the expectation #tariffs will still be in place 20 years from now."

"It's going to slow global sales and devastate the world economy." And for what? It's not like we were hurting for jobs. Under #Biden we saw record job growth & record low unemployment. #DisasterPresidency #LordHelpUs
msnbc.com/rachel-maddow/watch/

MSNBC · Needless economic pain from Trump not even worth it if his tariff gambit works: EconomistBy MSNBC
Replied in thread

@HG
As Stein noted in the movie, the Smoot/Hawley #tariffs helped trigger #TheGreatDepression.

After "The Great Recession of 2008", the only thing that saved us from it becoming a full-blown Depression was the protection of an FDIC/FSLIC. As long as we have them, we shouldn't ever have another Great Depression.

So naturally, #TheOrangeMenace is trying to get rid of that too: #DisasterPresidency
npr.org/2025/02/27/nx-s1-53072

Replied in thread

@carnage4life
THE ONLY WAY AN ECONOMIC DISRUPTION OF THIS MAGNITUDE MAKES ANY SENSE is if the economy had crashed (ala: The Great Depression) and we were desperate to create tens of millions of jobs.

But instead, under #Biden, #unemployment fell as low as 3.4% two years ago this month, and was still just 4.1% when he left.

We don't need to engage in desperate measures to create jobs when we were already at or near full employment. #UnnecessaryChaos #DisasterPresidency

Continued thread

YES, YOU *KNEW* THEIR #SignalChat debacle probably wasn't the first time The #KeystoneKabinet used the publicly-available #Signal software to discuss #NationalSecurity matters...

...and you were right. 🤦‍♂️

PLUS...

Sec #KegBreath brings his wife to #NATO meetings, hired his podcasting younger brother to escort deportees, and hired his personal lawyer to be an attache'.
#DisasterPresidency #TooStupidForOffice
msnbc.com/rachel-maddow/watch/

MSNBC · Fresh from scandal over group chat attack plans, Hegseth's conduct opens him to ridiculeBy MSNBC

THEY'RE TRYING TO KILL EVERYBODY!

I'm listening to Alex Wagner's podcast from a couple of weeks ago talking about how the #DisasterPresidency is decimating the #EPA.

And I think…

They're also trying to shutdown #FEMA.

…and the #NIH.

…and put a lunatic in charge of #HHS.

…and ignored/dismissed #Covid.

…and are ignoring #BirdFlu. And #Measles.

…and dismiss #ClimateChange.

…and defunding #Superfund toxic waste cleanup.

…and in his first term, repealed laws against dumping toxic coal ash.