Trump Turns His Back on the Markets. It Could Break MAGA.
President Donald Trump and his team are sending a message: Hang in there through the economic turmoil, and better days will come.
A little sacrifice for the greater good may not be such a bad thing. Trump and his advisers have sketched out an economic vision that could help provide better economic security for the U.S. middle class and lessen the weight of government on the economy. Isnt that worth a little stock market turmoil, especially when stock indexes remain near all-time highs?
Yes, but only if we get the gain to go with the pain. Trumps erratic rollout of his tariff policy and his teams haphazard approach to slashing government have prompted a market selloff and could lead to a recession. That could blow up the bigger political project before it really gets under way. And failure to complete the economic mission could leave Americans worse off.
Trumps supporters have aligned around a loose set of goals. They include cutting the federal debt to free up capital for more-productive uses; modernizing and shrinking the federal government so that the private sector, rather than public spending, drives growth; and realigning trade relationships to revive U.S. manufacturing and re-empower workers.
https://www.msn.com/en-us/money/markets/trump-turns-his-back-on-the-markets-it-could-break-maga/ar-AA1AScvg
Trump and his billionaire buddies get the gain, we get the pain.

ImNotGod
(559 posts)their idea of an investment is buying a bug zapper so they can sit in their walmart lawn chairs while sipping beer and watch the bugs get zapped.
Think. Again.
(22,330 posts)...something like "Fool Around and Find Out!" or "Flail Around and Find Out!", but something stronger....
CousinIT
(11,179 posts)to free money for billionaire tax cuts. And that is NOT "more productive uses." Nor is dehumanizing over half the US population and barring them from society and from fully participating in the economy and from any viable economic opportunities (women, LGBTQ people, people of color, etc).
THE REST of what was listed there is just the COVER they use to do it. In fact, "shrinking the federal government" so that the private sector can take over its functions, ie, privatization, will be a LOT less efficient, a LOT more wasteful, and a LOT more expensive than the government running those agencies. As for "realigning trade relationships", he is DESTROYING the best ones we have, and regarding bringing US manufacturing back, THAT will not happen on a large scale for GENERATIONS.
If they believe that Americans and their children and grandchildren should put up with ridiculously inflated prices on everything, a destroyed economy, recession or depression and the aftermath of it for GENERATIONS while they are unable to make ends meet, get healthcare, buy or rent homes, afford transportation, pay for college or retire, they are SADLY MISTAKEN.
That's some stankin, maggot-infested BULL SHIT.