Political Cartoons, Memes & Amusing Videos

[johaninsc]

 

[johaninsc]

 

[rareboy]

Since this is the "amusing" thread, this is probably off-topic but it really happened...

Un. Be. Fucking. Leivable.

But this is where the GOP is.

The NAZIs are wearing their armbands in public.

 

[rareboy]

WE TRIED TO FUcKING WARN EVERYONE.

This was always a strategy by Trump to impose a consumption tax on Americans in order to gut the income tax on corporations and high income earners.

Nothing more. Nothing less.

And instead of just doing something that would have been wildly unpopular but bearable (like 8%FST) on all purchases across the board, they came up with all these bullshit 'emergencies' and targeted 'hates' against trading partners like Canada and Mexico.

But the clear sighted always knew that tariffs would be expanded outward on any pretext to get to the end point. Unfortunatley, 10% to 25% is unbearable in most sectors.

Geiger was either a fool or a liar. Can't tell which. But I suspect as he sees the economy on the brink...he feels like a fool.

 

[rareboy]

 

[johaninsc]

 

[johaninsc]

 

[johaninsc]

 

[NotHardUp1]

Except it's NOT $300k per family of four. The average American doesn't own stock in that range. It's just the richest bastards in the country becoming less rich.

Not refuting the damage to the economy or the populace, but describing market losses as if everyone has assets is a lie.

 

[NotHardUp1]

 

[NotHardUp1]

 

[johaninsc]

The red wave...

 

[johaninsc]

 

[rareboy]

Except it's NOT $300k per family of four. The average American doesn't own stock in that range. It's just the richest bastards in the country becoming less rich.

Not refuting the damage to the economy or the populace, but describing market losses as if everyone has assets is a lie.

But every person with a 401K or a company pension plan should be concerned.

This potentially wipes out tens of thousands of dollars that could take years to recover...if then. This could be 2008 all over again...if we're lucky. And if not. It could be like the 1930's.

 

[KaraBulut]

Except it's NOT $300k per family of four. The average American doesn't own stock in that range. It's just the richest bastards in the country becoming less rich.

Not refuting the damage to the economy or the populace, but describing market losses as if everyone has assets is a lie.

Here's a more expansive explanation of Summer's numbers in the Tweet:

https://www.livemint.com/market/stock-market-news/trump-tariff-policy-can-cause-30-trillion-loss-warns-former-us-treasury-secretary-lawrence-summers-11743666745906.html

...Summers initially pegged the loss at $20 trillion, citing a 2-3% decline in US stock markets following Trump’s speech on April 3, 2025. He noted that this drop erased $1.5 trillion in the market value, but given that much of the damage was already priced in, he suggested a more accurate estimate was $4 trillion.

...He explained that the stock market only captures lost corporate profits, which typically account for 10% of GDP. Applying a multiplier of five, he arrived at the $20 trillion loss figure....

He's saying, "It's not just about the stock market, it's also about the GDP and the larger economy".

He wasn't using a direct "families will lose $300K in the market. Economists often try to break down economic impacts, like tax increases, to a per household impact number.

He was estimating the negative impacts on the overall economy and trying to make the number more understandable in the way that Americans can understand, by talking about how an economic decline would translate to a per household measure.

 

[johaninsc]

 

[johaninsc]

 

[johaninsc]

 

[johaninsc]

 

[johaninsc]