Trumpenomics

Horace

Pre-inaugeration
“Everyone is calling it the — I don’t want to say this, it’s too braggadocious, but we’ll say it anyway — the Trump effect." Trump said at a rally with supporters. “Since the election, the stock market has surged, and small-business optimism has soared a record 41 points to a 39-year high. Bitcoin has shattered one record high after another.”

Post Inaugeration
“I was very proud to have handed over the country when the stock market was higher than it was, previous to the pandemic coming in,” he said in a Fox News interview Feb. 9. “It was an amazing achievement.”

“The stock market is going to be great,” he told the crowd at an investor conference Feb. 19.

Now
> “You can’t really watch the stock market,” Trump said in an interview that aired Sunday on Fox News. “If you look at China, they have a 100-year perspective. We have a quarter. We go by quarters.”

I'm not really sensing a plan with these tariffs that will pan out within Maga's timeline, which isn't quarters, but which certainly is 2 years or 4 years at most.

Renauda

Governance by ADHD decree.

89th

"Tariffs are a tax hike on foreign countries. Tariffs are a tax cut for the American people." Either I totally am wrong (possible) or I think the white house truly has NO idea what a tariff is and who pays it. WTFFFFFFFF

Of course she snips at the AP at the end of it.

Around 56:45 -

Link to video

89th

Also, a bit ironic there is a "DOW Watch" visual on the screen watching markets tank as these policies are implemented.

jon-nyc

She should be banned from the White House press room. Didn’t they say they wouldn’t tolerate anyone spreading lies to the American people?

Horace

The whole administration needs to provide a unified front that tariffs are actually a good idea, otherwise the negotiating tactic for better trade deals is toothless. I mean, that's the only way to look at it that makes any sense.

taiwan_girl

@89th said in Trumpenomics:

"Tariffs are a tax a tax hike on foreign countries. Tariffs are a tax cut for the American people."

Press secretary has to be one of the worst jobs I would not want.

89th

I'm not being sarcastic, but has anyone asked the President who pays the tariff? Does he realize it's the consumer (via the importing company)? Like, is there a video where he clearly explains the purpose of all these unforced political errors?

jon-nyc

@89th said in Trumpenomics:

"Tariffs are a tax hike on foreign countries. Tariffs are a tax cut for the American people." Either I totally am wrong (possible) or I think the white house truly has NO idea what a tariff is and who pays it. WTFFFFFFFF

Of course she snips at the AP at the end of it.

a good summary.

For those who do not follow economics, here's basically what happened:

Leavitt: 2+2=Purple.
AP Reporter: I have a calculator and 2+2=4.
Leavitt: How DARE you insult my math skills!
Conservative Media: White House DESTROYS disrespectful and un-American AP reporter.

taiwan_girl

@jon-nyc LOL

But true.

LuFins Dad

Shapiro has been going off on Trump’s tariff policy and the general populist MAGA underpinnings.

xenon

I’ve been listening to him too lately. He’s such a case study in audience capture. He knows better than all this.

He was a big Trump booster during the election this time - his position was that Trump wouldn’t do a lot of the things he’s now doing.

jon-nyc

Re audience capture, I remember a number of years ago hearing him with Sam Harris and thinking he was an intelligent guy who I didn’t always agree with but he made sense. Then I listened to him on his own podcast. For about five minutes. Oy.

Horace

I read LD's post as Shapiro being unhappy with the tariffs. What is Shapiro saying?

89th

I think basically that the Trump's tariff chaos and the "withdrawal from global commerce" (not really, but the general feeling) is not going to result in a good outcome for America or the world. It's a lose-lose strategy. I only listened to it a little, so @LuFins-Dad correct me please.

Horace

Not sure where Xenon's post is coming from, then.

xenon

He’s against tariffs.

I was talking about the longer arc of the last few years for him. Used to like his podcast during Trump term 1. Sometimes he’d agree and many times he’d disagree with the administration.

He slowly moved to almost lockstep predictable positions… since that’s where his audience had presumably moved to.

Horace

@xenon said in Trumpenomics:

He’s against tariffs.

I was talking about the longer arc of the last few years for him. Used to like his podcast during Trump term 1. Sometimes he’d agree and many times he’d disagree with the administration.

He slowly moved to almost lockstep predictable positions… since that’s where his audience had presumably moved to.

How does your audience capture theory fit with this push back on the tariffs? Being for these chaos tariffs as Trump is implementing them would be an absurdist symptom of audience capture, but he's not there, so what are some absurdist symptoms of audience capture he was showing before now? Talking points that tribes hit on over and over tend not to be absurd, or even untrue, so much as non-disprovable empty rhetoric that makes the audience feel good.

xenon

He called Jan 6 the worst day in American history since 9/11. He said he would never vote Trump because of his character, since his own morals are deeply rooted in his religion.

Those are just a couple of top of mind examples. He realized that he can’t be anti-Trump and also a popular right wing commentator.

He used to disagree with the vast majority of things Trump. Now he agrees with the vast majority (or at least goes out of it way to give the most charitable explanation).

Horace

It surprises me Shapiro was ever as strident about Jan 6 or Trump as the two examples you point out.

I don't listen to much DW content because it's not substantive enough, just relentless culture war dunks that might be funny, but aren't so meaningful.

The New Coffee Room

Trumpenomics