Democrats are actually happy to see the stock market drop. It’s the first real opportunity they’ve had to point to something that looks real that sounds good coming out of their mouths: tariffs, fear, prices, stock drop, Trump—end of the world. We told you so.
You must first grasp this truth. The entire Democrat agenda is focused on bringing about economic ruin, and at least a few Republicans have helped us along on that ride. Cloward Piven, a foundation of progressive agenda politics, is about accomplishing what Sergey Necheyev openly admitted was the goal of the revolution – and the revolution is the only thing that matters. Destroy everything. You cannot rebuild the communist paradise until everything is broken.
It cannot stand on the shoulders of the past; it must rise from the ashes.
Dem’s true notion of progress is toward economic, social, and cultural ruin. America is a racist, supremacist nation that will never learn until they have been laid low. Everything they do leads us that way.
They will blame tariffs for any hiccup or trend as well as cuts to federal funding—which are more likely the culprit (sort of).
Think of the current US economy as a junkie weaning himself off heroin, which is never easy. It’s been addicted to the heroin of government spending — both monetary and fiscal — for so long that we are running $2 trillion deficits when the economy is growing near 3% with low unemployment as sleepy Joe Biden spent money we didn’t have.
The Trump people tell me Biden injected as much as $250 billion into the economy in his final months to get Kamala Harris elected. Again, markets did well, but inflation remained high throughout his presidency, a tax on the working class. Rich people didn’t care because they can speculate their way around the high price for staples like eggs through stocks and other inflated financial assets. …
Taking away government spending is now giving that aforementioned junkie the shakes, ditto for Trump’s trade policies. Countries routinely take advantage of us on trade. China steals our intellectual property. Mexico exports everything from cars, trucks, to migrants and fentanyl. Our deficit with this country and more keeps growing.
Trump was left with quite a mess that most financial types don’t appreciate because of their obsession with the markets. On top of that, stocks had set themselves up for what we’re seeing now because the indices were being powered by a handful of companies’ shares, mostly tech- and AI-related, that were looking for an excuse to correct.
A lot of float just dropped off the balance sheet—the free money that created the inflation some are trying to blame on Trump. However, Trump was left with an enormous mess exacerbated by false reporting; the corrections must occur under his presidency if we are ever to find a footing on a better economic path. Think Javier Milei. Argentina was a dumpster fire. He told the people there would be more pain before things got better. There was, and they have.
America isn’t as bad off as Argentina was, but we were on the same path, and turning it around will have days like the NASDAQ dropping 890 points. There will be sell-offs, but this creates value in stocks with a solid history of reliable return. Buy those while they are on sale at a discount.
Inflation was also higher than reported for longer than admitted. We entered a recession years ago, but the establishment changed the rules to hide it. Biden and Congress continued to throw bad money after worse, and lots of it. It devalued the dollar (inflation), and none of that is Trump’s fault – though there are ample Republican carcasses in Congress who aided and abetted the hidden tax on everything.
You also need to remember that throughout Bidne’s tenure, we had high prices, inflation, and most of the jobs “created” were with the government using the money that created the inflation. It was an employment deep fake. Trilliosn sucked out of the real economy or printed to launder through public employees and NGOs that the Trump Admiinstration is in the process of reducing and defunding.
Getting used to Trump was always going to be a bit nauseating for the markets and the fat cat set because $2 trillion deficits, $37 trillion in debt, mindless spending, open borders, massive trade deficits, inflation, etc., demands an economic 180, and markets hate uncertainty. Plus, the Trump people aren’t doing themselves any favors mentioning the word “tariff” every 30 seconds instead of emphasizing the tax cuts and deregulation that businesses and markets love.
As Charles Gasparino’s NYP article reminds us, Tariffs are just an excuse—to which I’ll add—from the economic illiterates who got us into this mess in the first place.
