Donald Trump Just Proved He’s an Economic Idiot. Again.
newrepublic.com
His MAGA sycophants knew all along that his central economic proposal was a sham, but they repeated his lies. And now the economy is cracking.

Summary

Trump’s economic policies, particularly his tariffs, are proving disastrous after being “sanewashed” by media during the campaign.

After making tariffs central to his campaign, he twice imposed them—only to backtrack amid market turmoil. Despite clear evidence that tariffs are taxes that raise prices, his allies continue pushing economic falsehoods.

Meanwhile, Trump’s pledge to balance the budget contradicts his record, as he added $2.1 trillion to the deficit, while Democratic presidents have historically reduced it.

His proposed $7 trillion tax cuts, paired with $4.5 trillion in spending cuts, would create massive deficits and harm working-class Americans.

  • DaddleDew@lemmy.world
    69·
    14 hours ago

    There is no 200 IQ 4D chess plan. He just wings it as he goes. He says and does whatever “feels good” to him at the moment with zero regards to consequences, consistency or truth. He doesn’t consult experts, he doesn’t study anything because he thinks he knows everything about everything already. He is simply lucky when things go his way and is really good at shifting blame when they don’t.

    • Ghyste@sh.itjust.works
      25·
      14 hours ago

      He’s not even good at shifting blame. He has an audience that believe quite literally everything he says.

      • sloppychops@lemmy.caEnglish
        5·
        11 hours ago

        That’s decades of lead poisoning for you!

        Makes me wonder what the microplastics have in store for us? If all we get is an “I love you” from our Costco greeter and hand jobs on the menu at Starbucks we’ll be lucky.

    • Hasherm0n@lemmy.world
      2·
      9 hours ago

      I’m pretty sure the “4d chess genius” thing was satire to start that just got Poe’s lawed.

    • notsoshaihulud@lemmy.world
      3·
      11 hours ago

      at least during his first presidency he had a well-oiled infrastructure to rationalize and capitalize on any bullshit that came out of his mouth. He doesn’t have those people around anymore.

      Also this is why I’ve given up on “conservative intellectuals”. They claim interesting things that could make sense in certain contexts (even if I disagree with those), but the moment trump says something, they abandon these values and bend over backwards to rationalize his stupid shit.