this post was submitted on 11 Mar 2025
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politics

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Summary

Trump previously touted the stock market as proof of his success, but he's now downplaying the stock market as markets tumble due his tariffs imposed on Canada, Mexico, and China.

The S&P 500 has lost all gains since Trump's election.

Critics warn tariffs risk recession and manufacturing setbacks, but Trump insists on a temporary "period of transition," claiming tariffs will eventually "make our country rich again."

The White House insists Trump's economic policies will succeed long-term, despite warnings from investors and economists of significant economic disruptions ahead.

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[–] [email protected] 21 points 1 week ago (1 children)

As a millennial who graduated right around the Great Recession, the stock market collapsing is refreshingly mundane compared to all the other actions this administration has taken.

[–] [email protected] 3 points 1 week ago

I mean I don't WANT my eye plucked out, but it sure beats having my skin flayed!