Summary

As the stock market plunged Monday due to Trump’s trade wars, he spent the day posting on Truth Social.

The Nasdaq fell 4%, its worst drop since 2022, while the S&P 500 lost nearly 3%. Major tech stocks, including Tesla, saw significant losses.

Trump posted over 100 times, endorsing his tariffs despite investor panic. A White House official dismissed the sell-off as irrational fear.

Commerce Secretary Howard Lutnick insisted a recession is unlikely. Trump avoided a clear recession prediction, calling the economy’s shift a “transition.”

  • Lucky_777@lemmy.world
    link
    fedilink
    arrow-up
    9
    ·
    14 hours ago

    When he announced the tariffs you could see the stock prices drop before your own eyes. On Fox News even. Blaming Biden is just holding off his nutcase cult members. Hopefully real Republicans have some common sense and courage to stand up.

  • DaddleDew@lemmy.world
    link
    fedilink
    arrow-up
    18
    ·
    16 hours ago

    He’s blaming Biden for the decline while claiming that his tariffs are going to save the economy. Those tariffs are exactly what is causing the decline in the first place, especially with the moronic way he is trying to implement them that is driving investors and business away from the US. He will drive the US economy into the ground until his entourage turns on him.

    • But_my_mom_says_im_cool@lemmy.world
      link
      fedilink
      arrow-up
      9
      ·
      14 hours ago

      Don’t worry, next election the Dems will win, and spend 4 years fixing the mess. And while doing so, Americans will accuse them of doing nothing and vote them out in favour of Republican, who will fuck everything up, until the Dems as elected to fix it again. Rinse and repeat and you got American politics

    • Treczoks@lemmy.world
      link
      fedilink
      arrow-up
      3
      ·
      13 hours ago

      Of course all he says defies logic and reality, but as long as his idiots believe it, logic and realism won’t help.

  • Dimmer@leminal.space
    link
    fedilink
    English
    arrow-up
    40
    ·
    17 hours ago

    American people willingly join truth social and get brain washed is another level of 1984 I don’t understand.

    • Catma@lemmy.world
      link
      fedilink
      arrow-up
      18
      ·
      16 hours ago

      There are only 2 types of people on Truth social. Nazis and people reporting on the Nazis on truth social. No one is joining Truth Social expecting to get anything other than Nazi propoganda.

      • YarHarSuperstar@lemmy.world
        link
        fedilink
        English
        arrow-up
        2
        ·
        edit-2
        15 hours ago

        I fear this is too charitable an estimation of the average US citizen’s ability to spot propaganda. I genuinely worry some people are fooled by how it’s all wrapped in the flag and not understanding the dangers of nationalism or the alt right pipeline just fall for it and end up buying in, not because they were inherently a bad person, but because they were easily fooled (the main cause of which I believe is that they were intentionally not taught critical thinking skills and media literacy as those skills more easily allow us to see through the various illusions, and the same goes for emotion regulation skills, empathy, and an understanding of marginalization and intersectional politics, which protect against the coordinated effort by the system(s) and those with power to attempt to turn us against each other and see others as non-human, but that’s a whole huge conversation (that I’m willing to have but not necessarily publicly; feel free to reach out if you intend to have a good faith conversation))

    • RowRowRowYourBot@sh.itjust.works
      link
      fedilink
      English
      arrow-up
      7
      ·
      16 hours ago

      Jesus another Eu-diot who just doesn’t get it. Truth social is where you get the unfiltered truth directly from Trump. What could possibly be a more direct and accurate representation of the truth than what Trump tells you himself? Why would Trump, a man who wins at everything, need to lie? That’s what the lamestream media is for!

      /s but sadly so many believe this to be true.

  • neidu3@sh.itjust.works
    link
    fedilink
    English
    arrow-up
    6
    ·
    edit-2
    14 hours ago

    In the name of science with a dash of self hatred, I had a look at 4chan earlier today. It seems even those morons blame trump for the market downturn.

  • TransplantedSconie@lemm.ee
    link
    fedilink
    arrow-up
    71
    ·
    edit-2
    19 hours ago

    “Look, this cliff we’ve intentionally drove off is nothing! The fact that we are plunging 300 feet straight down is an irrational fear you’ll all have to get over. pulls out unwrapped, slightly used Worthers Candy, anyone?” - Howard Lutnick.

    • mrbutterscotch@feddit.org
      link
      fedilink
      English
      arrow-up
      39
      ·
      19 hours ago

      We have literally arrived at 1984 levels of lies and delusion, it’s incredible. And all the MAGA’s are willingly falling for it…

      • MataVatnik@lemmy.world
        link
        fedilink
        arrow-up
        12
        ·
        17 hours ago

        They spent the last ten years yelling 1984, I thought they were criticizing it, I didn’t realize that they were actually chanting what they wanted.

    • ddh@lemmy.sdf.org
      link
      fedilink
      English
      arrow-up
      17
      arrow-down
      16
      ·
      edit-2
      17 hours ago

      Biden’s Cliff was there for four years, he should have done something about it!

      Edit: damn, forgot the /s…

        • YarHarSuperstar@lemmy.world
          link
          fedilink
          English
          arrow-up
          1
          ·
          15 hours ago

          I know you’re joking (and it’s funny) but this is maybe true in a way (not exactly a “thanks Obama” way to me because i doubt he could have expected this insane timeline) if you’re talking about how he made fun of 45 at the White House Correspondents Dinner which is speculated by some to have been a key moment in what happened to ultimately end up with 45’s having become president and leading to all this. I don’t really believe this is as important as some say, in my opinion it may have accelerated what was likely to happen already (end stage capitalism (🤞, sort of))

  • alaphic@lemmy.world
    link
    fedilink
    arrow-up
    36
    arrow-down
    2
    ·
    19 hours ago

    I mean there are only a few real hard and fast rules you have to follow in life (imo):

    1. Don’t talk about Fight Club
    2. No pre-orders, No exceptions
    3. Don’t fall in love with the stripper
    4. Don’t believe the politician’s promises

    Strippers and politicians are like two sides of a coin in that one pretends to love you but is just going to fuck you and the other is a stripper.

    It’s really just not that hard guys.

      • YarHarSuperstar@lemmy.world
        link
        fedilink
        English
        arrow-up
        2
        ·
        15 hours ago

        They said “the stripper” not “a stripper” which if I’m reading it correctly is… Slightly better I guess?

        • Lemmist@lemm.ee
          link
          fedilink
          arrow-up
          1
          ·
          14 hours ago

          English isn’t my first language (not even a second one) so I really don’t have a clue about the difference between “the stripper” and “a stripper”.

          • YarHarSuperstar@lemmy.world
            link
            fedilink
            English
            arrow-up
            1
            ·
            edit-2
            13 hours ago

            It’s all good, what I’m getting at is basically this:

            Don’t trust the stripper = don’t trust a specific one, like the one someone is paying to dance for them at any given time for a hypothetical example

            Don’t trust a stripper = strippers shouldn’t be trusted in general

        • alaphic@lemmy.world
          link
          fedilink
          arrow-up
          1
          ·
          14 hours ago

          I mean, I wasn’t trying to use it pejoratively or anything… And while I can’t say I have any first-hand male stripper knowledge, I’m pretty sure my advice is unisex. 😋

          Sure, I guess I could’ve said something about not commidifying love/affection/etc so it sounded a bit more inclusive of the broad and varied spectrum of sex workers or something, but - as they say - brevity is the soul of wit, after all.

          In all seriousness, tho: I meant no offense or anything, but I definitely wasn’t going to call them ‘exotic dancers’ because I just think that’s a fucking stupid term, tbh, and I’m super prepared to die on that hill, so come at me bro

      • alaphic@lemmy.world
        link
        fedilink
        arrow-up
        1
        ·
        14 hours ago

        It certainly does list things

        I’ve heard about this other list, but there’s like 10 things on it and that’s waaay more things to remember, which I’m pretty sure makes mine superior

    • Verdant Banana@lemmy.world
      link
      fedilink
      English
      arrow-up
      7
      arrow-down
      2
      ·
      18 hours ago

      while the democrats watch us all getting trained by Republicans doing nothing just like when they have the driver’s seat