this post was submitted on 11 Mar 2025
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politics

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Summary

As the stock market plunged Monday due to Trump’s trade wars, he spent the day posting on Truth Social.

The Nasdaq fell 4%, its worst drop since 2022, while the S&P 500 lost nearly 3%. Major tech stocks, including Tesla, saw significant losses.

Trump posted over 100 times, endorsing his tariffs despite investor panic. A White House official dismissed the sell-off as irrational fear.

Commerce Secretary Howard Lutnick insisted a recession is unlikely. Trump avoided a clear recession prediction, calling the economy’s shift a “transition.”

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[–] Lucky_777@lemmy.world 35 points 20 hours ago (1 children)

When he announced the tariffs you could see the stock prices drop before your own eyes. On Fox News even. Blaming Biden is just holding off his nutcase cult members. Hopefully real Republicans have some common sense and courage to stand up.

[–] SoftestSapphic@lemmy.world 19 points 18 hours ago (1 children)

His cult memebers are the "real" Republicans, at least what's left of them.

Anyone who doesn't support fascism has stopped supporting the fascist party

[–] Lucky_777@lemmy.world 5 points 17 hours ago (2 children)

Some Republicans don't like the direction but have active threats against their families. Which is honestly sad, forcing the remaining "good" Republicans into the private sector.

We need fair campaigns. It shouldn't cost you 100s of thousands to run a campaign to get elected. Even local campaigns cost a massive amount. You easily spend 80k for a judge position for one county.

What common man has 80k sitting around for an election?

[–] HasturInYellow@lemmy.world 3 points 12 hours ago

Honestly, they should resign. If they fear for their lives, take some time to spend with their family and reevaluate their lives. Otherwise, I don't have much sympathy.

[–] Fluke@lemm.ee 3 points 15 hours ago

"But money is speech, you're not against free speech are you?" - 'Citizens United'