Posted on 04/09/2025 2:11:51 PM PDT by E. Pluribus Unum
Many of America’s billionaires and millionaires thought they knew how they would profit from a second Trump term: There would be tax cuts and deregulation and an end to bothersome government investigations.
In other words, a White House sedulously attuned to their interests.
What they didn’t count on, however, was a chaotic and nonsensical tariff policy that threatens to plunge their investment holdings into a bear market — or in some cases, has already done so — and to unravel the global economy in which they made all their money.
Now, many of his erstwhile supporters among America’s plutocrats are screaming for mercy. In interviews and social media postings, and in one case even via a federal lawsuit, they’ve been calling on him to roll back his tariff plans or at least to pause them for several months.
Is he listening? So far, he hasn’t indicated a change in strategy. Whether Trump is open to persuasion or his White House sits behind a figurative barrier against criticism, like the Coulomb barrier that repels protons from an atomic nucleus until they reach a high energy level, isn’t known.
Criticism of the tariffs by Trump’s wealthier supporters has emerged as the investment markets continue to reel over Trump’s tariff plans and his apparent resistance to moderating the levies or his anti-free-trade rhetoric.
One can’t pretend that Trump’s backers haven’t been speaking clearly. Let’s listen in on the backlash from billionaires and the billionaire-adjacent.
Among the most vociferous is Ken Langone, the co-founder of Home Depot. Langone, whose net worth is estimated at about $9.5 billion by Forbes, is a Trump backer whose political contributions have gone mostly to Republicans, including a $500,000 donation last year to the GOP’s Senate Leadership Fund.
(Excerpt) Read more at latimes.com ...
And it’s also touching how much they are worried about our future all of a sudden......tells me we are on the exact right trajectory.
What a bunch of horse BS! President Trump is the master of the deal. He gets things done. Over 70 countries are in line to meet with him and discuss lowering the tariffs they charge us. Now that is smart!
Here’s your author right here....not exactly unbiased and lacks basic character if you ask me:
“Sockpuppet suspension
In 2006, Hiltzik was suspended without pay from the LA Times for sockpuppeting on his blog “The Golden State”. Hiltzik admitted to posting under false names on multiple sites, using the pseudonym “Mikekoshi” to criticize commentators Hugh Hewitt and Patrick Frey.”
Does anyone believe this?
LA Times is having crow for dinner tonight.
The Leftwing media — always looking out for the little guy! [/s]
Say you want $20 a week allowance from your old man. You know if you ask for 20, you’ll get 10 and he’ll dig in his heels.
Now suppose you’re Donald Trump. You know if you ask for $40, you’ll get laughed out of the room, so you ask for a meeting with your father and show him a detailed breakdown of how you really need $32.50 a week. He’s skeptical but intrigued by your analysis so a discussion follows. You give a little, he gives a little, and you end up with $25 a week...which is $5 more than you wanted in the first place!
That’s the Art of the Deal.
Another financial experts who can’t see past the end of his nose.
These idjuts are coming out of the woodwork.
It’s amazing watching committed commies like Michael Hiltzik turn into rabid free traders.
truth: MSM is not worried that the Tariffs won’t work, they are worried that they will.
You explained it better than I did. When I was a kid, I was stupid, asked my mom and dad for exactly what I wanted, and got less. My sisters were spoiled, always asked for ridiculous amounts, didn't get it all, but got far more than I got. But... I learned to be self-sufficient and work for what I needed. Two of my sisters went bankrupt, a while after my mom was no longer alive to pay off their credit cards.
There's a lesson there, don't get dependent on others because the gravy train might end someday.
The total lack of intelligence of these left wing “journalists” is just amazing. They are totally incapable of critical thinking or analysis and rely solely on feeling and ideology.
LA Times admits Trump doesn’t represent the 1%ers.
Beautifully explained...
Considering that most of the billionaires are leftists, I don’t know why they keep publishing billionaire bashing articles...
“Among the most vociferous is Ken Langone, the co-founder of Home Depot”
My uncle supervised the construction of my mother’s house in 1978. The only foreign thing involved was my uncle himself.
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