This was unexpected. Companies are very unhappy with someone. They are stepping up and making their opinions known. Just like a lot of the rest of us, they have had enough, and they’re not being quiet about it. They’re speaking out *in public* to make their unhappiness known. That’s one hell of a thing to do, and it could cause backlash, but there are enough of them speaking out that a certain person might actually *think* about what he’s doing. It would be nice if more of them did! Even Elon Muskrat is unhappy. From CNN:
Wealthy business leaders are turning on US President Donald Trump over his plan to impose a colossal set of tariffs on America’s trading partners, as losses mount on stock markets around the world. On Wednesday, Trump said he would impose significantly higher “reciprocal” tariffs on dozens of countries that have the highest trade imbalances with the United` States.
Now, I’m not sure if this is old news or not, but the point remains. Billionaires are turning on the man who PAINTS HIS FACE ORANGE. I wonder if tRump’ll notice. It would be nice if he did, since billionaires are a large part of his support. Right now, it doesn’t seem as if he’s listening to *anyone*. He just sees the US as being ripped off because of trade imbalances. Well, think this through for a moment. Let’s use Vietnam. They are *substantially* smaller than the US, so of COURSE there’s going to be an imbalance. They literally cannot import as many American products because they are too small! But no, he’ll look at his Chat GPT results and impose frightful tariffs on them anyhow. How about a couple of quotes?
Billionaire investor Bill Ackman, who endorsed Trump’s 2024 presidential bid, warned Sunday that going ahead with the new tariffs was tantamount to launching an “economic nuclear war.” In a post on X, Ackman said, “business investment will grind to a halt, (and) consumers will close their wallets” if the new levies do indeed come into force. “We will severely damage our reputation with the rest of the world that will take years and potentially decades to rehabilitate,” he added in the post, which was viewed 10.6 million times.
Jamie Dimon, CEO of JPMorgan Chase, warned Monday that the tariffs threatened to raise prices, drive the global economy into a downturn, and weaken America’s standing in the world. “The recent tariffs will likely increase inflation and are causing many to consider a greater probability of a recession,” Dimon said in an annual letter to shareholders. “Whether or not the menu of tariffs causes a recession remains in question, but it will slow down growth.”
Later in the day, billionaire Ken Fisher, the founder and executive chairman of Fisher Investments, said on X: “What Trump unveiled (last) Wednesday is stupid, wrong, arrogantly extreme, ignorant trade-wise and addressing a non-problem with misguided tools. Yet, as near as I can tell, it will fade and fail, and the fear is bigger than the problem, which from here is bullish.” Fisher noted that he does not typically comment publicly on presidential actions, but on tariffs, Trump is beyond the pale by a long shot.
How about that? Billionaires are starting to turn on El Presidente Imbécil. They’re telling him he needs to stop with this tariff crap. There are more listed in the article on CNN, but I didn’t want to drown you. This was yet another thing that I had no idea would happen. I figured with all their support for tRump, they’d just make the best of it. They aren’t, and they’re making it very plain they aren’t. What are their chances of his listening? Dare we think he might finally listen? He needs to realize what he’s doing to America with these ridiculous tariffs. But will he? Thanks for sticking with me!
*****And now, please be so kind as to read a very special request from our awesome boss******
Zoomers, we are always in need of donations. It’s been an especially rough April, and my own health has not been great these past few weeks, which just adds to the frustration. Anything you can spare will be immensely appreciated. And thank you to all who have donated generously already. Ursula
