“The president single-handedly wiped out Americans’ retirement savings overnight and subjected businesses to intense whiplash with his increasingly erratic and chaotic policies that continue to drive consumer and business uncertainty.”

  • null_dot@lemmy.dbzer0.com
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    2 days ago

    God this is bleak.

    I’m not even in the US. This is a global recession.

    “[Consumers] are not even going to the grocery store and paying more for vegetables because there’s none available from Mexico, or going to Whole Foods, for example, and finding the big sections of fresh fruit are being shut down. They haven’t really felt the full impact [yet], and they’re already saying something isn’t right,” Bethune says.

    It sounds like shit is going to get real, really quick. As in next week?

    Trump isn’t going to back down either - good or bad he always just doubles down. If Mexican producers stop selling to the US he’s just going to go to war right?

    As an aside, I had been wondering what the US gov is going to do with all that tariff revenue… but now it seems kinda clear that consumers will be buying a lot less stuff, so there will be less income tax revenue anyway.

    • Parsizzle@lemm.ee
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      2 days ago

      Maybe that’s the plan? Start a trade war that will inevitably lead to a real war? It sets a lot more precedent for the lean on all of the marshal law type powers he’s chasing after.

      • liverbe@lemmy.world
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        2 days ago

        The U.S. does make a lot of money at war. Kinda makes you wonder why few of Leon’s federal spending cuts have been in the DOD? 🤔

        • a4ng3l@lemmy.world
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          2 days ago

          Yeah but how could they do money alone? Isn’t world economy a multiplayer game? They cut all their allies… I don’t think value can be created in a vacuum; where would they get the war money from?

        • ripcord@lemmy.world
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          2 days ago

          They don’t make as much money when they are fighting a war. Especially on American soil.