Forcing economic strife, nonsensical wars, daily insane ranting, covering up [ALLEGED] sex crimes by sending armed goons to our cities to harass people... yep, that's what a vengeful power-mongering twit would do!
Thankfully, there are millions of Americans speaking out against his "regime of epic stupidity". Here's a good opportunity for us to cut through the BS and be clear where we are heading economically.
There is no simple explanation of why the United States economy crashed in 1929. The “Great” Depression was caused by a combination of factors, beginning with the October 1929 stock market crash, which exposed fundamental weaknesses like overproduction {Too many things to sell), excessive consumer debt (Today credit card debt is at record highs), and unfettered unregulated rules allowed in the banking system (see Trump's project 2025). Additionally, reckless government policies which benefited the wealthy at the cost of the working class, including threats of tariffs and the failure of the Federal Reserve to act in response to predicted changes in the economy. These and other factors turned a recession into a financial catastrophe.
Fact: Some people blame the 1929 "greatness" on tariffs. The Smoot-Hawley Tariff Act in the 1920's had not yet been adopted by 1929, But it's looming disruption to the economy was a major impact. It's proven wealthy stock holders had advanced warnings about the stock crash. They escaped with THEIR money. These tariffs were going to add costs as much as 60% on goods imported into the U.S. The law was signed into law June 17, 1930, months after the Great Depression had already started but failed to aid in the recovery.
Tariffs are basically a front-end tax that is paid by consumers. This is ECON 101. When you factor in the lingering today's high prices caused during the Covid pandemic, growing populations, American's misuse of credit and now surging energy costs caused by Trump's wars Trumps volley of "tariff taxes" imposed on our country may just be the straw that breaks the camel's back.
Yesterday "Smiley" Trump's Secretary of Treasury Scott Bessent admitted the price of crude oil will have a pronounced effect on our economy soon. He said Trump has "ideas to mitigate the effects". That's Trump talk for "He's panicking and scrambling to fix the problems he created". Bessent said one of the ways Trump will keep oil prices down will be to "unsanction" Russian oil. People who are not "smiley" and understand what that statement really means know that if this step is taken it will result in hundreds of millions of dollars of U.S.dollars landing in the hands of Trump's puppet master.... Vladimir Putin. Trump will not only have condemned Ukraine to the invasion by Russia, undermined NATA alliances, he'll now be signing their death orders! RUSSIAN WEAPONRY WILL BE FUNDED BY AMERICAN DOLLARS PAID AT THE PUMP!!!!
Trump tried to conceal the job reports for the past year, he fired people who were in charge of delivering unbiased accurate data but the public "giant has been awoken". I quote Japanese Admiral Isoroku Yamamoto regarding the 1941 attack on Pearl Harbor ..."I fear all we have done is to awaken a sleeping giant and fill him with a terrible resolve"
Mr. Trump. This apparent "great recession" is your baby. You created this mess, and there is a "terrible resolve" the United States citizens are facing with your name all over it.
ps Bessent "smiley"... Unsanction isn't a real word, but who's holding you to think in accurate terms. You're just the nit wit that's pulling Trump's strings.
