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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTrump's Tariff-ic Economic Damage
The Trump Tarriffs are going to wreck the economy and the GOP knows it. Now we have a ballpark figure of the carnage to start: Trump's proposed tariffs on steel and aluminum would cost the economy nearly 150,000 jobs as a starter.
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Yet the departure of Mr. Cohn, a free-trade-oriented Democrat who fended off a number of nationalist-minded policies during his year in the Trump administration, could have a ripple effect on the presidents economic decisions and on the financial industry.
It leaves Mr. Trump surrounded primarily by advisers with strong protectionist views who advocate the types of aggressive trade measures, like tariffs, that Mr. Trump campaigned on but that Mr. Cohn fought inside the White House. Mr. Cohn was viewed by Republican lawmakers as the steady hand who could prevent Mr. Trump from engaging in activities that could trigger a trade war.
Even the mere threat, last August, that Mr. Cohn might leave sent the financial markets tumbling. On Tuesday, Mr. Cohns announcement rattled markets, and trading in futures pointed to a decline in the United States stock market when it opened on Wednesday.
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He is going to destroy us all. The next question is how quickly. The dumbfuckstations that voted for him and still support him are either braindead, comatose or simply rich morons that believe in the end that none of this will effect them. Guess they will buy the air they breathe else where and buy the food they eat on another planet as they will destroy ours in a nanosecond to reap a tax cut or two. Every step this 'prezi' has made was to enrich himself and his benefactors and destroy everyone else. F**K the GOP.
Wellstone ruled
(34,661 posts)As per Raw Story,Larry Kudlow looks like the Guy who replaces Cohn. And the Tax Cuts were babbled at no length by Kudlow.
Watch out below.
AJT
(5,240 posts)different than what he announced. The NYSE tumble didn't really fall far. 45 has no idea what he's doing and I think the GOP talking heads will end up winning the tarrif battle by convincing 45 to only charge tarrifs on certain countries, none that will matter much.
sheshe2
(84,072 posts)They do not give one shit about anyone but themselves. Russia owns the GOP. They sold their souls and will do anything to destroy us. Money means everything to them. Thing is, in hell their money means nothing...they already sold their souls.