Stock Market Tanks as Trump Unveils Nightmare Cabinet Picks

https://newrepublic.com/post/188492/stock-market-tanks-trump-cabinet

25 comments

  1. God this whole presidency will be a disaster and I have a clean conscience. Feels good.

  2. The picks are a distraction from something. Probably that all his court cases are being dismissed or something equally evil and corrupt.

  3. Trump said he would solve our problems and he starts by picking the worst people? I’m starting to think our problems won’t get solved. And yes, by problems I’m referring to egg prices.

  4. The market desperately wanted Trump’s policies to be rhetoric. Turns out that they are very real.

    Trump’s headed to the golf course. His minions are in charge, and they aim to do exactly what Project 2025 promised.

    Tariffs, mass deportations, cutting 2 million government jobs, cutting entitlements, tax cuts for the 1%, getting rid of the ACA, etc.

    It’s inflationary and anti-growth. The fucking around has happened. The finding out is just beginning.

  5. It’s just the first sign of things to come. Expect a recession or worse. The price of eggs and gas will both be higher, and that will hit the people hardest who bitched about it the worst and used it as a reason to vote for Trump since it’s such a BFD to them, so I suppose at least there’s some cosmic justice.

  7. Oh no, why is he doing all of those things he said he was going to do?!

  8. But they’ll still convince everyone it’s Biden’s fault

  9. Losing week for the market ,only a week in from his election and things are starting to tank boy oh boy dem eggs ain’t. Coming down anytime soon , getting what those voted for , no guilt here.

  11. But where oh where are all the Trump supporters screenshotting the stock market now? Didn’t it have its best day ever because he was elected?

    Interesting 🤔

  12. Here we go again, everyone forgot about the yoyo markets, every fucking week because of this idiot.

  13. The stock market tanked? It’s around where it was three weeks ago.

  14. The stock market slept through the entire campaign. Assassination attempts, candidates dropping out, the market barely responded. To me, that was more telling than any polls or predictions coming from the media

  15. This is what Elon Musk said would happen. This is what his supporters wanted and they’ll drag us with them, I guess.

  17. Insert Putin pointing sticker saying “I did that”

  18. It’s almost like when you let the lunatics run everything, you get lunacy!

  19. Anyone who voted for trump on the basis of the “economy” is dumb, flat out. Trump is a bad money guy and his policies absolutely sky rocketed inflation. When that 20% tariff on all imported goods hits, everyone who touted the bad economy will be in a major shock

  20. Hang on here, I’m calling bullshit. The market dips less than 2% and we’re calling that “tanking”. Fuck trump, but also fuck misleading headlines.

  21. If you think Venezuela’s economic colapse was swift, Trump has basically said, “hold my beer”

  22. Here come all the trumpers that were giving trump credit for the stock market going up the past few days blaming Biden for the stock prices tanking today.

  23. Just to review:

    1. The world’s biggest blowhard and worst negotiator is about to play chicken with China on Tariffs. The people who would happily kill their population, and he thinks they’ll blink and pay extra without demanding the same from us.

    2. The people who glean our fields are about to be sent away. No one is gonna pick for the rates we currently have. So oranges are about to cost $10 each.

    3. Thousands of unemployed government workers…combined with those essential government services being cut off and unstaffed.

    4. No access to medical care for thousands.

    We’re about to get loads of quantitative and qualitative evidence about why hard right policies are not economically feasible.

    And the Dems are too stupid to know how to use that data to leverage large scale election wins in 2026. I don’t think they could win a city council seat against an arsonist who burned down half the city.

    We are fucked in a way we haven’t been fucked in decades. I don’t think parallels to previous times of economic hardship (e.g late 1970s) will work here.

  24. Uh no the market is down today cause comments from fed chair Powell saying no more rate cuts. Stick to politics not market commentary

  25. Wait until Social Security checks and Medicare payments aren’t being sent because there’s no workers to do it.

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