Summary

As the stock market plunged Monday due to Trump’s trade wars, he spent the day posting on Truth Social.

The Nasdaq fell 4%, its worst drop since 2022, while the S&P 500 lost nearly 3%. Major tech stocks, including Tesla, saw significant losses.

Trump posted over 100 times, endorsing his tariffs despite investor panic. A White House official dismissed the sell-off as irrational fear.

Commerce Secretary Howard Lutnick insisted a recession is unlikely. Trump avoided a clear recession prediction, calling the economy’s shift a “transition.”

        • GeeDubHayduke@lemmy.dbzer0.com
          link
          fedilink
          English
          arrow-up
          11
          ·
          1 day ago

          I’m beginning to think that Lincoln guy really fucked us badly. All he had to do was concede a little to the South, and all would be well. He didn’t have the cards.

          • xmunk
            link
            fedilink
            arrow-up
            6
            ·
            1 day ago

            Scholars have said Lincoln wasn’t nearly as good a president as Trump. The only other president that comes close was Washington.

            (Literally a paraphrased Trump quote)

    • YarHarSuperstar@lemmy.world
      link
      fedilink
      English
      arrow-up
      1
      ·
      1 day ago

      I know you’re joking (and it’s funny) but this is maybe true in a way (not exactly a “thanks Obama” way to me because i doubt he could have expected this insane timeline) if you’re talking about how he made fun of 45 at the White House Correspondents Dinner which is speculated by some to have been a key moment in what happened to ultimately end up with 45’s having become president and leading to all this. I don’t really believe this is as important as some say, in my opinion it may have accelerated what was likely to happen already (end stage capitalism (🤞, sort of))