[Pain] HUGE, self-inflicted Recession incoming due to Trump/Musk

Same here. When I look at him or listen to him speak now it is all I can do to repress the taste of vomit in my mouth.

 

Nobody lies like Trump. He can't speak without lying about something.

 

There does seem to be an ultimate goal tho. They might go about it in a dumbass way and leave a path of chaos and destruction in their wake because they’re all incompetent buffoons, but you’re telling me they’re not laying the groundwork for doing away with income tax?

this is straight from Project 2025

Specifically, Project 2025’s tax reform plan would:

• Enact a two-income tax bracket system that would raise taxes by $3,000 for the median family of four—which makes about $110,000 a year—and raise taxes by $950 for the typical single-person household, which makes about $40,000 a year. (see Appendix for state-specific data)
• Provide an average $1.5–2.4 million tax cut for the 45,000 U.S. households making more than $10 million annually from the combination of the “two-bracket” system and cuts to taxes on the wealthy’s investment income.
• Cut the corporate tax rate to 18 percent, which amounts to a $24 billion tax cut for the Fortune 100.
• Replace all individual and corporate income taxes with a consumption tax in the long term. This could take the form of a value-added tax well above 45 percent, which would produce an enormous one-time burst of inflation and raise prices.

The shift toward a flat consumption tax while eliminating income taxes would lead to an average $5,900 tax increase for the middle 20 percent of households and an average $2 million tax cut for the top 0.1 percent.

Trump is a moron, but he didn’t randomly mention income tax today.

the same way they have a goal to dismantle a bunch of departments and cut or eliminate social safety programs, but are doing so in a haphazard way…the budget proposal and eliminating call centers is their 1st step in doing away with SS, or what they call a ponzi scheme

 

He's crazy, old, and on the steep decline mentally and physically. Those cognitive skills that speaking rationally and coherently require have deteriorated. He's running on 2 cylinders.

 

Just don’t buy anything from China. You’ll be okay. Basically, don’t shop at Amazon.

 

Trump can talk with the dead!!!

Trump is indeed The Choose one!!!

 

America ultimately voted for this, so I’m just gonna sit back and enjoy the fire works

9 of the last 10 recessions under a republican president, and they said let’s go for #10

the funniest thing about this one is that it was 100% self-inflicted

MAGAts will be out of house and home drowning in debt with destroyed 401K’s and missing SS payments and on their deathbed be like “m-m-must own da libs” before taking their final breath

 

Wait, are those across the board tariff on:

Vietnam
Japan
Taiwan
S. Korea

???

Talk about pushing them toward China…

 

US stocks plunged in after-hours trading Wednesday as investors digested President Donald Trump’s decision to impose sweeping tariffs that could escalate a growing trade war and upend the global economy.

Dow futures plummeted more than 1,100 points, or 2.7%. S&P 500 futures sank 3.9%. Futures tied to the Nasdaq 100 plunged 4.7%.

 

Where are the Trump nut lickers defending this BS? They don't dare post because they know this is IDIOTIC.

 

I just read the official WH justification.

Either he's being fed really, really terrible data, or they are making up data to fit what he wants to do. Either way, this is an echo-chamber decision-making process.

 

3 Asian Giants, Japan, China and South Korea, Unite
Forming An Economic Alliance Against US Tariffs, Pursue Bold Free Trade Pact

 

I'm sad to say this is no joke. The economy will tank. Many companies simply cannot afford to do business as usual, and some will go bankrupt, while many more will be forced to lay off employees. This will hit consumers hard with price inflation. It will hit many good-paying jobs even harder, with layoffs.

 

Trump created Covid conditions yet again with no virus…lmao

companies about to price hike like a MFer, and when they do, those prices become the new normal and hardly ever get brought back down

 

Everything is gonna be more expensive, higher taxes, less governement assistances/benefits. Medications expensive

Like how r the poor folks gonna survive when life in America just got harder bc the nation decided to vote trump into office again?

Man is already planning a 3peat as President

 

For years the Democrats and the uniparty prioritized the wealthy instead of the American worker. Jobs were shipped overseas. Stock market investors got rich as inflation and the use of cheap foreign labor boosted share prices. But the American worker was left behind and once proud industrial centers like the Midwestern states, were hollowed out. Trump is doing what politicians have never done in the recent past — prioritizing the working class, like union employees. Onshoring of jobs and reinvestment in American factories is the goal. And tariff income will go towards slashing our debt.

The Democrats and uniparty will never make these moves — because they fundraise from the wealthiest Americans.

Spending cuts, deregulation, tariff income, lower taxes on all Americans — this is the new economic growth plan. Out are the days of spend more, tax more, inflate more, and offshore jobs more.

GOOD DAY