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"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.'”
~ Dean Obeidallah
#Trump #tariffs #StockMarket #economy #crash #SmootHawley #recession #inflation #stupidity #incompetence #destruction
/5
https://deanobeidallah.substack.com/p/trump-is-following-herbert-hoovers
"Wenn der Dow Jones um 1000 Punkte fällt in 2 Tagen, dann sollte der Präsident sofort dem Amtes enthoben werden."
(Donald #Trump)
Dann mal ganz schnell weg mit dem #Trumpel....
#Börse #Crash #Börsencrash #DowJones #Dax
RE: https://bsky.app/profile/did:plc:cpdjtdbsgfasavyfdqh6fyg7/post/3llwsjccamc2h
And what did Trump do yesterday as the market crashed? Stelter quotes Jeff Zeleny on CNN: Trump did not "fly to a factory"; "he did not use the presidential bully pulpit to sort of sell this tariff plan." Instead, he flew to Florida for a LIV Golf event.
#Trump #tariffs #StockMarket #economy #crash #recession #inflation #MobBoss #stupidity #incompetence #destruction
/4
Brian Stelter points to an AP article in March drawing attention to these words of Trump last August:
"If Harris wins this election, the result will be a Kamala economic crash, a 1929-style depression. 1929. When I win the election, we will immediately begin a brand new Trump economic boom."
#Trump #tariffs #StockMarket #economy #crash #recession #inflation #MobBoss #stupidity #incompetence #destruction
/3
https://view.newsletters.cnn.com/messages/17437726770173f149ef9ebf8/raw
"Donald Trump’s decision on April 2 2025 to enact sweeping “reciprocal” tariffs on US trade partners will go down as one of the greatest acts of self-harm in American economic history. They will wreak untold damage on households, businesses and financial markets across the world, upending a global economic order that America benefited from and helped to create."
~ Financial Times
#Trump #tariffs #StockMarket #economy #crash #stupidity #incompetence #destruction
/2
https://www.ft.com/content/21454c08-8e1c-4335-84f9-ef2d0e1aeb14
CNN's graphic depiction as of 9:05 A.M. EST of what's happening to the stock market after the man running the show crashed it, with his party cheering the crash on and 77 million Americans voting to accomplish this.
#Trump #tariffs #StockMarket #economy #crash #recession #inflation #MobBoss #stupidity #incompetence #destruction
/1
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