"The S&P 500 briefly held its own in trading today, but then Trump announced on his social media platform that he was going to double the tariffs on steel and aluminum from the new 25% rates to a 50% rate on Canada and might increase tariffs to 'permanently shut down the automobile manufacturing business in Canada.'
Stocks fell again.
Unable to admit that he might be wrong, President Donald Trump is doubling down on the policies that are crashing the economy."
"Dow drops more than 450 points, S&P 500 posts back-to-back loss over Trump tariff uncertainty."
~ Lisa Kailai Han, Sean Conlon
#Musk #Trump #economy #stagflation #recession #StockMarket #billionaires #tariffs
/3
https://www.cnbc.com/2025/03/10/stock-market-today-live-updates.html
S&P global chart of closing prices daily from early January up to two days ago.
#Musk #Trump #economy #stagflation #recession #StockMarket #billionaires #tariffs
/4
"Five of the world’s richest people attended Trump’s inauguration. They have lost $209 billion since that day
Elon Musk’s net worth has tumbled by $148 billion alone since Trump took office."
~ Katie Hawkinson
#Musk #Trump #economy #stagflation #recession #StockMarket #billionaires #tariffs #Bezos #Zuckerberg
/5
"JPMorgan Chase said Monday that the likelihood of a recession had risen to 40% from 30% owing to 'extreme U.S. policies.'
For the first time since Trump took office, the economy is now the number one story in the country. It is dominating news coverage — and more importantly it's becoming central to the conversation on social media platforms like TikTok.
That’s very bad news for Trump."
~ Dan Pfeiffer
#Musk #Trump #economy #stagflation #recession #StockMarket
/6
https://www.messageboxnews.com/p/trumps-mounting-economic-problems
"Trump’s erratic trade policies are baffling businesses, threatening investment and economic growth."
~ Paul Wiseman, Anne D'Innocenzio, Mae Anderson
#Musk #Trump #economy #stagflation #recession #StockMarket #billionaires #tariffs
/7
"In a truly grotesque commercialization of the Office of the Presidency, Trump shilled for Tesla like a used-car salesman trying to meet a month-end sales quota. (No offense intended to used-car salesmen.) ... Trump is the same guy whose 2023 Christmas greeting included 'Electric Car Luna[tics]' in his enemies list, upon whom he bestowed the unconventional holiday greeting, 'MAY THEY ROT IN HELL.'"
~ Robert B. Hubbell
#Musk #Trump #economy #recession #Tesla
/8
https://roberthubbell.substack.com/p/the-resistance-gains-traction
"Trump is acting like a raving madman. He continues to lobby for the hostile takeover of Canada, and the media pretends it does not hear an idea so lunatic that any other president uttering the idea would be removed from office under the 25th Amendment within hours.
Trump's daily ritual of imposing and lifting sanctions is so erratic that the stock markets are falling because of the uncertainty caused by his behavior."
"For his $290 million contribution to the Trump campaign, Musk bought the presidency and a government subsidized ad for a Tesla. In the most blatant, shameless, and pure example of the quid pro quo grift - and direct violation of the Hatch Act - Donald Trump decided to hawk Teslas from the White House lawn on Monday. He was even handed a Tesla sales pitch during his remarks."
~ Wajahat Ali
#Musk #Trump #economy #stagflation #recession #Tesla
/10
https://thelefthook.substack.com/p/the-tesla-presidency-elon-musk-donald
@wdlindsy Frankly the idea of a shadow government needs to become reality. Or at least a shadow DOJ. Some recently fired federal prosecutors should do a website and podcast discussing and listing the charges they would seek against Trump, members of his administration, and funders of his campaign, during his term of office for his actions that violate the law. There should be a spinoff podcast about other GOP leaders' complicity, including the Scotus.
And the DNC should fund the whole thing.
