Summary

Trump snapped at a reporter who asked how much economic pain he was willing to inflict amid plunging markets triggered by his new tariffs.

Speaking after a weekend at his Florida resort, Trump dismissed speculation he was trying to crash the market, claiming tariffs would bring in “$1 trillion” and spur U.S. manufacturing.

When asked about a pain threshold for Americans, he called the question “so stupid,” arguing economic “medicine” was necessary to reverse decades of “stupid leadership.”

He insisted the strategy would make the U.S. “solid and strong again.”

    • D_C@lemm.ee
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      2 months ago

      Wrong. WRONG!
      It was more than one casino.

      1991: Trump Taj Mahal
      1992: Trump Castle Hotel & Casino
      1992: Trump Plaza Casino
      1992: Trump Plaza Hotel (not a casino, ‘just’ a hotel.)
      2004: Trump Hotels & Casino Resorts
      2009: Trump Entertainment Resorts (casino holding company)

      There are numerous other businesses that failed spectacularly, too.

      • barneypiccolo@lemm.ee
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        2 months ago

        Then there are the failed businesses that were neverbsupposed to succeed because they were fraud from the inception, like Trump University. They announced it and promoted it, and signed up students, who took out student loans ffrom the government and sent them to thebadmissions department.

        Then it turned out that they never bought/ rented a single building, hired no teachers, never created a curriculum, etc. They didn’t do one thing to create a school except sign up students and take their student loan money. It didn’t go bankrupt, it never existed, but they sold it anyway.

  • SabinStargem@lemmy.today
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    2 months ago

    The only way I see the US becoming “solid and strong again”, is a revolution that results in a Constitution v2.0 that fixes many issues with the structure of government, voting, and setting rules regarding wealth. Otherwise, odds are that the US will splinter apart into several major bodies.

    On the plus side of splintering, it means many conservatives would flee out of Blue States, and the Blue States get more people who believe in governance, science, democracy, and society. They would be far more stronger and influential than Red States in the long run. Blue States won’t have to play ball with stupid conservative ideas, such as non-medical vaccine exemptions, anti-migrant policies, and so forth.

      • Pandemanium@lemm.ee
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        2 months ago

        A split would create North and South Koreas. If we don’t split, I’m afraid we will only get North Korea 2.0

    • Tryenjer@lemmy.world
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      2 months ago

      At least one revolution is already underway, but those responsible for the current change are wearing red hats. The neo-reactionary Butterfly Revolution.

      Unfortunately, most Democratic Party politicians today are the real conservatives in the sense that they simply want to preserve the old system.

      And there are people who identify as Democrats but are increasingly disillusioned, who want reform or revolution in the direction of a egalitarian, democratic society with strong social welfare systems geared toward equity (let’s hope they grow in number), not in the direction of the elitist, authoritarian, technofeudalist, rigid hierarchical society proposed by adherents of the Dark Enlightenment ideas. Such people could redirect the current Butterfly Revolution in the opposite direction and foment division among Republicans.

      • Fluke@lemm.ee
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        2 months ago

        They can eyeball all they want, the red states are also the US’ welfare queens. They’re poor AF and would be bankrupt in a couple of years.

      • RaoulDook@lemmy.world
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        2 months ago

        Where do you think food comes from exactly? It’s not New York City or San Francisco. California has a good bit of farm country, but a lot of the rest of our food does come from “red” states.

  • aarRJaay@lemm.ee
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    2 months ago

    “necessary to reverse decades of “stupid leadership.”” - Four years of which HE was in charge - or in HIS brain eight, seeing as he still believes he won the election before this one.

  • Bubbaonthebeach@lemmy.ca
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    2 months ago

    In fairness to Trump, he has never, ever experienced the consequences of his actions. Bankrupt? Didn’t put a dent in his life since his father and banks kept the money flowing to him regardless, more than once. Rapist? No jail time. Fraudster? No jail, not sure that any fines have even been paid. So why would he think, when nothing bad happens to him and he can still golf the weekend away, that anything bad will happen to all the people losing their jobs, their investments, their retirement, their homes? Why don’t they all have rich fathers and sycophantic bankers to bail them out? At very least they should have Russian mafia backers like he does, that make it look like he’s a billionaire, even if it really is billions in debt to them.

  • Ilixtze@lemm.ee
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    2 months ago

    Pitch me ideas for a good economic torture machine. Like a device where we chain up a guy and there’s this bill counting machine giving him paper cuts.

  • drhodl@lemmy.world
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    2 months ago

    …claiming tariffs would bring in “$1 trillion”

    They’ve already LOST $11 trillion. What an utter imbecile!!

    • jacksilver@lemmy.world
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      2 months ago

      So it’ll just take 11 years to even out.

      Edit: Just double checked, it’s 1 trillion in the “next year or so”. So x >= 11 years :(

  • aarRJaay@lemm.ee
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    2 months ago

    Sometimes very intelligent people don’t understand stupid questions. BUT sometimes, VERY STUPID people can’t understand basic questions.

  • mechoman444@lemmy.world
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    2 months ago

    Trump will endure precisely zero economic pain since he is rich. He doesn’t have to go through anything. He sits in a literal ivory tower why would he feel bad about anything?

    • Em Adespoton@lemmy.ca
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      2 months ago

      How long did it take China to build itself into a self-sufficient superpower that produced goods for the world?

      Around 50 years, with a tight rein on the population and a leadership that had consistency and a 30, 50 and 100 year vision that they continually executed against.

      Even in the best case scenario of everybody rallying behind Trump and pulling together behind a single strategy that miraculously turns out to work, Trump will be dead in 30 years or less.

      So HE probably isn’t realistically thinking this, even if it’s what he’s decided to tell everyone this week.

      One thing about Trump: I do believe that underneath it all, he does want to make America a great nation. He’s just ignorant of how to do that or what it would even look like when achieved.

      • g0nz0li0@lemmy.world
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        2 months ago

        Great points.

        One thing about Trump: I do believe that underneath it all, he does want to make America a great nation. He’s just ignorant of how to do that or what it would even look like when achieved.

        I don’t think he does. I think he wants to make it a better place for him, and he doesn’t get any further than that as a concept.

        • Em Adespoton@lemmy.ca
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          2 months ago

          Being a narcissist, I don’t think he differentiates between making it great and making it great for him.

          • entwine413@lemm.ee
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            2 months ago

            He does, because he sees the world as a zero sum game. For him to prosper, others have to suffer.

      • Lit@lemmy.world
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        2 months ago

        Don’t forget Krasnov Trump bankrupted his casinos. Only he knows why he is bankrupting US now.

      • Serinus@lemmy.world
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        2 months ago

        I do believe that underneath it all, he does want to make America a great nation.

        I gave W that credit. I don’t believe it’s true for Trump, outside of the fully narcissistic version.

        It appears his first priority is pleasing Putin. His second is getting a small number of people to applaud him. He doesn’t give a single fuck about America or Americans as a whole.

      • sp3ctr4l@lemmy.zip
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        2 months ago

        China’s growth is not a story of self-sufficiency.

        It is a story of doing state directed capitalism, making extensive use of international trade, much more productively, intentionally, and strategically competently than… basically any other economy in the history of the post ww2 world.

        They are not self-sufficient in the sense of autarky, a hermit kingdom like North Korea with 0 international trade.

        Vietnam basically 80s onward, is a similar economic story of a ‘Communist’ government/society/economy that did a good job of introducing elements of capitalistic economic systems into itself gradually, with great control, and much of its profits siphoned into further reforms and building up public services and infrastructure… lots of international trade in all that, though they have been significantly less restrictive of foreign direct investment than China has.

        … So is Japan, post ww2, minus the ‘Communist’ starting position, though with a good deal more foreign direct investment.

        A free market republican/libertarian who learned how large of a role the government of Japan played in directly molding the evolution of its industries and manipulating its markets, openly, would call it ‘communist’, because they think ‘communism is when the government does stuff’.

        In reality, its state directed capitalism, but in Japan, they call this capitalism, in Vietnam and China, they call this same thing communism.

        Their political systems and culture are all very different, but their economic organization and growth patterns actually have a lot in common.

        China does capitalism, its just that the state explicitly owns the largest corporations. But these corporations are still ultimately playing the same capitalism game as all other corps… they just have a lot more subsidies from and control by the state/Party officials.

      • drhodl@lemmy.world
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        2 months ago

        One thing about Trump: I do believe that underneath it all, he does want to make America a great nation.

        No. He just wants to be the leader of a great nation. Anything “great” that happens to America or Americans, would be entirely accidental. He never thinks about anything other than himself.

  • JohnnyFlapHoleSeed@lemmy.world
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    2 months ago

    Well, it is a stupid question. A real journalist would ask how much more pain he’s willing to let the American people tolerate for his poorly disguised reverse pump and dump scheme

  • Gammelfisch@lemmy.world
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    2 months ago

    Economic Medicine? This shit must have been economics course at the fucking failed Trump University.

  • RememberTheApollo_@lemmy.world
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    2 months ago

    He will tolerate none for himself.

    The rest of us can get fucked. STFU about the price of eggs, right? He’s no longer president. He’s gone full dictator. This is all about him.

    • smeenz@lemmy.nz
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      2 months ago

      It was always all about him. The election was the only way he was staying out of prison and the campaign was lie after lie after lie, telling his moron supporters what they wanted to hear, in order to secure their vote. He doesn’t give a shit about those people once they’ve posted their ballot.