How bad will it be?
My guess is double digit inflation within two months, a rise in Chinese influence in the world, and the permanent loss of US economic position.
We'll make this a trailing thread. If the Maga predictions that this will be okay, or just temporary, are true, everything will work out nifty and we'll admit it.
Oh boy!
February 3, 2025
Let's start the Trump party!
So, just starting off this morning, the Trump Tariffs, which are not yet even in effect, have caused global stock markets to slump, the dollar to strengthen (which is actually bad for the economy), oil prices to rise, and U.S. stock market futures to drop sharply.
The last posted price for Brent Crude was $76.75 bbl.
Lumber futures are $592.00.
The last official inflation rate, from January 31, was 2.9%.
Unemployment was last reported at 4.1% (full employment).
Cont:
More good news! The price of gasoline is expected to rise by $.15 almost immediately. So the price of absolutely everything will be going up!
Cont:
Mexico agreed to deploy 10,000 troops to the US border in exchange for delaying the tariffs for one month, which will achieve nothing, actually.
Cont:
Faced with getting a titanic dope slap from Canada, Trump backed off by noting that Canada promised to implement a plan it had already promised to implement.
So, let's recap the results of today, shall we?
Trump threatens to impose tariffs on Canada, Mexico (and China).
He declares Mexican drug cartels, which exist only to feed an American, not a Mexican, drug market, terrorists and implies, more than a little, that US forces will cross the border to combat them.
He states the Mexican government is in cahoots with the cartels.
And then, he pauses the stupid tariffs for 30 days when the Mexican government he claims in cahoots with drug cartesl promises to station 10,000 Mexican troops at the border.
Donny, having not served in the military (shin splints, you'll recall) perhaps fails to realize that troops at the border are there to keep people out, not in.
The clear message being, if you dare intervene in your country, you'll have to fight your way in, and out.
Which we tried in 1916-17, to our embarrassment, being defeated by Pancho Villa and Carranza both.
And now, when Donny, in his emphebalement, tells Hegseth, yeah that guy, to go in, and he will, our troops will get shot up going in, and coming out, achieve nothing, and be an embarrassment.
Indeed, one highly polite Mexican I know shyly commented to me, after listening to Trump and Mexican President Claudia Sheinbaum, "um. . . Trump. . . isn't very" you guessed it, smart.
Quite the "art of the deal" there.
And north of the border, Lil' Don has managed to make Justin Trudeau, on his way out in disgrace, into a hero.
Trudeau, in that oh so polite Canadian way, managed to tell the Orange Insurrectionist "fuck you and the horse you rode in on", reminding Americans, who got kicked in the ass by the Canadians in the Revolution and the War of 1812, that we were self interested cowardly boofadors in World War One and World War Two by sitting both wars out until we had no choice but to come in.
Really covering ourselves in glory there.
And, moreover, while the threat is suspended for 30 days, Canadian hatred has been ignited and it will not abate for at least a generation, with American business directly subject to Canadian boycotts that will have an impact.
Trump is not a well man. He's not a smart man.
He should be dumped by any legal means available.
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