Posted on 04/23/2025 2:16:22 PM PDT by RandFan
President Donald Trump’s unprecedented tariffs, particularly on China, and recent attacks on Federal Reserve Chair Jerome Powell caused alarm among some of his top advisers and America’s biggest CEOs, who warned of financial chaos and store shelves that could go bare, people familiar with the conversations said.
The warnings — and the markets’ own volatility this week — seemed to have broken through. Trump backed down Tuesday from his threats to try to remove Powell from the job, telling reporters in the Oval Office: “I have no intention of firing him.”
That prompted sighs of relief on Wall Street. A day after markets boomed on comments from Treasury Secretary Scott Bessent that Trump would seek to de-escalate the trade war with China, US markets gained again on Wednesday.
Top administration officials were also relieved by Trump’s Oval Office statement on Powell, the people familiar with the matter said. The officials had become unnerved by the heated rhetoric and wary of a prolonged legal battle should Trump attempt to unseat the Fed chair.
The Dow closed higher by 420 points, or 1.07%. The broader S&P 500 gained 1.67% and the tech-heavy Nasdaq Composite rose 2.5%.
(Excerpt) Read more at edition.cnn.com ...
‘ You have about the same chance of understanding Trump and what he’s doing as a cute little bunny rabbit has of piloting a helicopter to Mars.’
😆
‘ Just sayin’—Trump is President. He is therefore in charge of our entire military.
So, to quote Yoda—who may be the only authority you encountered in your high-school education—for Trump to fire some dork at DoD, “there is no ‘try.’”’
What in the?
Maybe someone else can point out your mistake.
I’m just going to shake my head and laugh.
Good!
Lord knows - to whatever extent I’m known under my current (long ago lost, back in the late 90s/00s) name as some kind of RINO, globalist, elitist whatever.....
DJT was NOT my first choice in 2016 (far from it), nor 2020 (but he was the only realistic option), nor even 2024 (I wish the primaries had gone differently).
But - like a lot of people, with different viewpoints and particulars have done for decades, I cast my vote for the least bad, most practical option.
I suspect - like you - I have my principles. They transcend any single person and they probably are more meaningful, solid, and eternal ideas of free markets, individual liberties, smaller government, and the primacy of the individual.
Also like you, I will *never* compromise them and keep my tongue when a *servant elected official* - even a POTUS - breaches them. I will speak up in objection forever and always when any elected office holder runs afoul of them.
I would prefer someone who believes in my principles as much as I do. I learned long ago, we never get what we want.
Therefore?
When an elected official - even/especially one I voted for, even if he will NEVER get my blind obedience (none will) - bends to reality and changes course?
I am OK will saying “Good. Right move.”.. For the same reason I cast my vote the way I did? The alternative is worse.
If the fanboys get upset? That’s their problem. I have principles that matter far beyond any worship of an individual. I’ll be satiated - not happy, but satiated - when the guy I voted for changes course because he *should* change course.
I have some serious problems with many of the ideas and policies he’s implemented - many are straight out of marxist playbooks - when he changes course?
I will bite my tongue and say “good!”. It’s important for those of us who aren’t populism “true believers” to make it known we voted, too. And we took a chance. And our support matters.
“Manufacturing would come back if we could ram tort reform down the liberals’ throats and reduce litigation.”
Tort reform and eliminating useless redundant departments and regulations that only add cost to manufacturing.
It’s called negotiation.
‘ It’s called negotiation.’
There have been no negotiations with China. Bessemer said so again today.
So no. It’s called false bravado and Trump is flailing.
Did people care when these massive chain stores destroyed all the smaller regional chains/local businesses because of their cheap garbage made by slave labor in Red China?
Pearl clutching and the vapors at CNN. No use in telling them that the stock market isn’t the driver of the economy. Affordable energy, limited regulation, lower taxation, and investor / consumer confidence are. And they will do everything their tiny minds can conceive to prevent any of the above.
would have been for the best
Transitions are messy. Mistakes will be made. The long run plan is solid. As Reagan said when he and Volker over saw a recession, “Stay the course.” Five years later the world was talking about “the American miracle.” Like Reagan, Trump is a transformational president. Unlike Reagan, he knows he only has one term to achieve his goals. So he is in a hurry, no question.
So Trump listened to people who know and he made adjustments .
That’s a good thing
You are only hete to annoy and pester.
He 0linked so much that the Tarrif is now set at 10 percent and the debt is going to come down.
The sky is falling, the sky is falling.
More fearmongering from the jackasses. Trump is making good progress in negotiations with the countries. There is talk that China will come around and negotiate.
A tariff increases price, decreases demad and increases supply. Shelves would be over flowing..
‘ A tariff would increase supply and decrease demand. Shelves would be overflowing.’
I, for one, am very interested in how that’s supposed to work.
Please. Explain.
Then the USA is doomed. We either re industrialize or die. But creepy globalist POSes don’t care.
‘ A tariff increases price,’
Well, yes! It does! Something people have said from the beginning but not believed by people here. So that’s something.
‘decreases demad ‘
Sure, prices go up, people don’t spend as much.
‘and increases supply. Shelves would be over flowing..’
And this is where your argument falls apart.
If the supply is no longer affordable, the businesses who stock the shelves won’t buy either.
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