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DrBob, Neurologist, 🧠Mechanic<p>Wall Street thinks Trump's tariffs will eat Main Street alive </p><p>“It’s hard to think of any occasion when America dealt itself such a self-inflicted economic wound.</p><p>Silver Bulletin wasn’t around for the Smoot-Hawley tariffs of 1930, which helped to catalyze the <a href="https://vmst.io/tags/GreatDepression" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>GreatDepression</span></a>. But the tariffs that President <a href="https://vmst.io/tags/Trump" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Trump</span></a> announced just after markets closed on Wednesday, which triggered the fifth-largest point drop in the history of the Dow Jones Industrial Average on Thursday — with further massive losses underway today — are bigger than <a href="https://vmst.io/tags/SmootHawley" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>SmootHawley</span></a>.”</p><p><a href="https://www.natesilver.net/p/wall-street-thinks-trumps-tariffs" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">natesilver.net/p/wall-street-t</span><span class="invisible">hinks-trumps-tariffs</span></a></p>
Democracy Matters :verified:<p>I guess Reagan no longer matters to Republicans. Huh. Go figure.</p><p><a href="https://mstdn.social/tags/Tariffs" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Tariffs</span></a> <a href="https://mstdn.social/tags/SmootHawley" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>SmootHawley</span></a> <a href="https://mstdn.social/tags/GreatDepression" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>GreatDepression</span></a> <a href="https://mstdn.social/tags/EndDonaldTrump" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>EndDonaldTrump</span></a> <a href="https://mstdn.social/tags/NoRepublicansEverAgain" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>NoRepublicansEverAgain</span></a> <a href="https://mstdn.social/tags/RepublicansOwnItAll" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>RepublicansOwnItAll</span></a> <a href="https://mstdn.social/tags/RepublicanKakistocracy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>RepublicanKakistocracy</span></a> <a href="https://mstdn.social/tags/VoteBlueToSaveEverything" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>VoteBlueToSaveEverything</span></a> <a href="https://mstdn.social/tags/NoFascism" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>NoFascism</span></a> <a href="https://mstdn.social/tags/USPol" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>USPol</span></a></p>
William Lindsey :toad:<p>Andy Kaczynski, quoted by Bulwark, reminds us of a "top banker" quoted by media after Trump's election, who said he felt "liberated" because he could now say the words "pu—y" and "ret-rd" with fear of being "cancelled." Kaczynski wonders if Financial Times can check in on that banker about how "liberated" he's feeling right now.</p><p> <a href="https://toad.social/tags/Trump" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Trump</span></a> <a href="https://toad.social/tags/tariffs" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>tariffs</span></a> <a href="https://toad.social/tags/StockMarket" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>StockMarket</span></a> <a href="https://toad.social/tags/economy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>economy</span></a> <a href="https://toad.social/tags/crash" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>crash</span></a> <a href="https://toad.social/tags/SmootHawley" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>SmootHawley</span></a> <a href="https://toad.social/tags/recession" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>recession</span></a> <a href="https://toad.social/tags/inflation" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>inflation</span></a> <a href="https://toad.social/tags/stupidity" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>stupidity</span></a> <a href="https://toad.social/tags/incompetence" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>incompetence</span></a> <a href="https://toad.social/tags/destruction" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>destruction</span></a> <br>/8</p>
William Lindsey :toad:<p>"Callers to my radio show—as well as when I posed this question [of why Trump is crashing the economy] online—overwhelmingly responded that Trump is doing this because he is a 'Russian asset.' His goal is to 'Make Russia Great Again' at the expense of the United States."</p><p> <a href="https://toad.social/tags/Trump" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Trump</span></a> <a href="https://toad.social/tags/tariffs" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>tariffs</span></a> <a href="https://toad.social/tags/StockMarket" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>StockMarket</span></a> <a href="https://toad.social/tags/economy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>economy</span></a> <a href="https://toad.social/tags/crash" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>crash</span></a> <a href="https://toad.social/tags/SmootHawley" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>SmootHawley</span></a> <a href="https://toad.social/tags/recession" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>recession</span></a> <a href="https://toad.social/tags/inflation" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>inflation</span></a> <a href="https://toad.social/tags/stupidity" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>stupidity</span></a> <a href="https://toad.social/tags/incompetence" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>incompetence</span></a> <a href="https://toad.social/tags/destruction" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>destruction</span></a> <a href="https://toad.social/tags/Putin" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Putin</span></a> <a href="https://toad.social/tags/PutinsPoodle" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>PutinsPoodle</span></a><br>/6</p>
William Lindsey :toad:<p>"CNBC’s Jim Cramer warned two weeks ago that Donald Trump was 'manufacturing' a recession with his potential massive tariffs. As Cramer correctly explained, history books tell us that the massive tariffs imposed in 1930 known as 'Smoot Hawley' by GOP President Herbert Hoover 'was a direct cause of the of the Depression.'”</p><p>~ Dean Obeidallah</p><p><a href="https://toad.social/tags/Trump" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Trump</span></a> <a href="https://toad.social/tags/tariffs" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>tariffs</span></a> <a href="https://toad.social/tags/StockMarket" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>StockMarket</span></a> <a href="https://toad.social/tags/economy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>economy</span></a> <a href="https://toad.social/tags/crash" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>crash</span></a> <a href="https://toad.social/tags/SmootHawley" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>SmootHawley</span></a> <a href="https://toad.social/tags/recession" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>recession</span></a> <a href="https://toad.social/tags/inflation" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>inflation</span></a> <a href="https://toad.social/tags/stupidity" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>stupidity</span></a> <a href="https://toad.social/tags/incompetence" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>incompetence</span></a> <a href="https://toad.social/tags/destruction" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>destruction</span></a> <br>/5</p><p><a href="https://deanobeidallah.substack.com/p/trump-is-following-herbert-hoovers" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://</span><span class="ellipsis">deanobeidallah.substack.com/p/</span><span class="invisible">trump-is-following-herbert-hoovers</span></a></p>
Joe GANIO-MEGO<p><span class="h-card" translate="no"><a href="https://mastodon.social/@ErikJonker" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@<span>ErikJonker</span></a></span> "popular services from the USA."<br>They are actually from California.<br>It is a problem that we also have in the stock market. I have never owned stock from the USA. I shorted Exxon once, but it doesn't count.<br>All my USA stock were actually from California. I am left with a couple of whom I am a day one fan. But I am scared. That guy is a mix of Hoover, W Bush and Der Adolf.</p><p><a href="https://mastodon.social/tags/California" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>California</span></a> <br><a href="https://mastodon.social/tags/SmootHawleyTariffAct1930" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>SmootHawleyTariffAct1930</span></a> <br><a href="https://mastodon.social/tags/smoothawley" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>smoothawley</span></a> <br><a href="https://mastodon.social/tags/canada" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>canada</span></a><br><a href="https://mastodon.social/tags/dax" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>dax</span></a> <br><a href="https://mastodon.social/tags/cac40" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>cac40</span></a></p>
bk<p><span class="h-card" translate="no"><a href="https://threads.net/@justinwolfers/" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@<span>justinwolfers</span></a></span> <br>Many seem to have slept through high school American History (<a href="https://sfba.social/tags/SmootHawley" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>SmootHawley</span></a>)…</p>
bk<p><span class="h-card" translate="no"><a href="https://flipboard.com/@BBCNews" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@<span>BBCNews</span></a></span> <span class="h-card" translate="no"><a href="https://flipboard.com/@bbcnews/business-h8ss70mez" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@<span>business-BBCNews</span></a></span> <br>suckers ( <a href="https://sfba.social/tags/SmootHawley" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>SmootHawley</span></a> )</p>
Tim Zee<p>Trump is hoping that voters are as economically illiterate as he is. <br>He seems obsessed with tariffs lately. Did somebody show him a vid about 19th century economics and trade recently? <br>In 1930 when the GOP still had a trifecta, Congress passed the Smoot-Hawley tariff bill. It managed to make the Great Depression even worse. <br><a href="https://mastodon.social/tags/tariffs" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>tariffs</span></a> <a href="https://mastodon.social/tags/EconomicIlliteracy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>EconomicIlliteracy</span></a> <a href="https://mastodon.social/tags/DonaldTrump" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>DonaldTrump</span></a> <a href="https://mastodon.social/tags/WeirdDonald" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>WeirdDonald</span></a> <a href="https://mastodon.social/tags/Republicans" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Republicans</span></a> <a href="https://mastodon.social/tags/SmootHawley" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>SmootHawley</span></a> <a href="https://mastodon.social/tags/USPolitics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>USPolitics</span></a> <a href="https://mastodon.social/tags/FoodPrices" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>FoodPrices</span></a> <a href="https://mastodon.social/tags/Election2024" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Election2024</span></a> </p><p><a href="https://nymag.com/intelligencer/article/trumps-plan-to-reduce-grocery-prices-restrict-food-imports.html" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://</span><span class="ellipsis">nymag.com/intelligencer/articl</span><span class="invisible">e/trumps-plan-to-reduce-grocery-prices-restrict-food-imports.html</span></a></p>
acemaxx<p>A full 60% <a href="https://econtwitter.net/tags/tariff" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>tariff</span></a> on all <a href="https://econtwitter.net/tags/Chinese" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Chinese</span></a> imports, combined with the 10% universal baseline tariff on all other nations that Trump’s team also proposed, would leave the US weighted average tariff rate at nearly 17%, the highest since <a href="https://econtwitter.net/tags/SmootHawley" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>SmootHawley</span></a> era of the 1930s, chart @bpolitics</p>
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