Trump's already feeling the pain as this jilted ally plots revenge

[ColdHardTruth]

Trump's already feeling the pain as this jilted ally plots revenge​

The latest version of Trump’s mood-contingent tariffs took effect Thursday, prompting Trump to post-boast two minutes before midnight that “BILLIONS OF DOLLARS IN TARIFFS” are now pouring into the US. He skipped the part where American companies pay those tariffs, which soon will trickle down to consumers in the form of higher prices.

In April, dozens of top economists, including two Nobel laureates, signed a letter advising that Trump’s tariffs have “no basis in economic reality,” calling Trump’s tariff policy ‘misguided,’ and warning it could cause a “self-inflicted recession.”

Hard data mapping the tariffs’ effects won’t be available immediately; if Trump can help it, judging by his handling of the jobs report, that data won’t come out at all. But it’s already clear, contrary to his promise of creating more factory jobs, that Trump’s tariff threats coincided with job losses nationwide.

Trump has purposely upended domestic and world trade, leading both the International Monetary Fund and the Organization for Economic Co-operation and Development to downgrade their predictions for global economic growth. Economists John Silvia and Brad Jensen argue that Trump’s tariffs will slow the economy, resulting simultaneously in fewer jobs and lower real wages. They predict the economic erosion will be a slow, steady process rather than an immediate collapse.

Get ready for it! Dumpletits is going to cause a recession.

MSN

 

[bongsaway]

I guess job losses along with higher prices are also for the good of the country? I struggle to understand what trump supporters see in the man other than the same hatreds they have? It doesn't seem like more than a few hours pass before trump is bashing somebody or something else he doesn't like.