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As boring as this topic may be and resentful as we may be that this man continues dominating news cycles, it's impossible to avoid either, because the damage is ongoing.
Heather Cox Richardson writes,
"The stock market continued to fall today. The Dow Jones Industrial Average fell another 478 points, or 1.14%; the S&P 500 fell almost 0.8%; & the Nasdaq Composite fell almost 0.2%."
#Musk #Trump #economy #stagflation #recession #StockMarket #billionaires #tariffs
/1
"The S&P 500 briefly held its own in trading today, but then Trump announced on his social media platform that he was going to double the tariffs on steel and aluminum from the new 25% rates to a 50% rate on Canada and might increase tariffs to 'permanently shut down the automobile manufacturing business in Canada.'
Stocks fell again.
Unable to admit that he might be wrong, President Donald Trump is doubling down on the policies that are crashing the economy."
"Dow drops more than 450 points, S&P 500 posts back-to-back loss over Trump tariff uncertainty."
~ Lisa Kailai Han, Sean Conlon
#Musk #Trump #economy #stagflation #recession #StockMarket #billionaires #tariffs
/3
https://www.cnbc.com/2025/03/10/stock-market-today-live-updates.html
S&P global chart of closing prices daily from early January up to two days ago.
#Musk #Trump #economy #stagflation #recession #StockMarket #billionaires #tariffs
/4
"Five of the world’s richest people attended Trump’s inauguration. They have lost $209 billion since that day
Elon Musk’s net worth has tumbled by $148 billion alone since Trump took office."
~ Katie Hawkinson
#Musk #Trump #economy #stagflation #recession #StockMarket #billionaires #tariffs #Bezos #Zuckerberg
/5
"JPMorgan Chase said Monday that the likelihood of a recession had risen to 40% from 30% owing to 'extreme U.S. policies.'
For the first time since Trump took office, the economy is now the number one story in the country. It is dominating news coverage — and more importantly it's becoming central to the conversation on social media platforms like TikTok.
That’s very bad news for Trump."
~ Dan Pfeiffer
#Musk #Trump #economy #stagflation #recession #StockMarket
/6
https://www.messageboxnews.com/p/trumps-mounting-economic-problems
"Trump’s erratic trade policies are baffling businesses, threatening investment and economic growth."
~ Paul Wiseman, Anne D'Innocenzio, Mae Anderson
#Musk #Trump #economy #stagflation #recession #StockMarket #billionaires #tariffs
/7
"In a truly grotesque commercialization of the Office of the Presidency, Trump shilled for Tesla like a used-car salesman trying to meet a month-end sales quota. (No offense intended to used-car salesmen.) ... Trump is the same guy whose 2023 Christmas greeting included 'Electric Car Luna[tics]' in his enemies list, upon whom he bestowed the unconventional holiday greeting, 'MAY THEY ROT IN HELL.'"
~ Robert B. Hubbell
#Musk #Trump #economy #recession #Tesla
/8
https://roberthubbell.substack.com/p/the-resistance-gains-traction
"Trump is acting like a raving madman. He continues to lobby for the hostile takeover of Canada, and the media pretends it does not hear an idea so lunatic that any other president uttering the idea would be removed from office under the 25th Amendment within hours.
Trump's daily ritual of imposing and lifting sanctions is so erratic that the stock markets are falling because of the uncertainty caused by his behavior."
"For his $290 million contribution to the Trump campaign, Musk bought the presidency and a government subsidized ad for a Tesla. In the most blatant, shameless, and pure example of the quid pro quo grift - and direct violation of the Hatch Act - Donald Trump decided to hawk Teslas from the White House lawn on Monday. He was even handed a Tesla sales pitch during his remarks."
~ Wajahat Ali
#Musk #Trump #economy #stagflation #recession #Tesla
/10
https://thelefthook.substack.com/p/the-tesla-presidency-elon-musk-donald
"Sources also tell WIRED that Musk has wanted a government shutdown—an aim that runs contrary to the White House’s stated desire to avoid one—in part because it would potentially make it easier to eliminate the jobs of hundreds of thousands of federal workers, essentially achieving a permanent shutdown."
~ Jake Lahut, Leah Feiger, Vittoria Elliott
#Musk #Trump #economy #stagflation #recession #Tesla #shutdown #firings #workers #FederalGovernment
/11
https://www.wired.com/story/elon-musk-has-wanted-the-government-shut-down/
"The two most powerful men in America have gone stark raving mad. ...
I don’t see how you can look at recent statements by Donald Trump and Elon Musk without concluding that both men have lost their grip on reality."
~ Paul Krugman
#Musk #Trump #economy #stagflation #recession #Tesla #DelusionsofGrandeur #authoritarianism #delusional #narcissist #egomaniac
/12
https://paulkrugman.substack.com/p/a-mind-is-a-terrible-thing-to-lose
"He’s a psychopath gleefully breaking the world economy while pretending there will be some glorious payoff on the other side.
Is it any surprise? Trump never pretended otherwise. He did say on the campaign trail, 'I don’t care about you. I just want your vote.'
Trump’s superpower is that people believe his lies and don’t believe his truths."
~ kos
#Musk #Trump #economy #stagflation #recession #Tesla #DelusionsofGrandeur #delusional #narcissist #egomaniac
/13
@wdlindsy@toad.social"[RFKJr] issued a muffled call for vaccinations in the affected community, but said the choice was a personal one. He suggested that measles vaccine injuries were more common than known, contrary to extensive research. He asserted that natural immunity to measles, gained through infection, somehow also protected against cancer and heart disease, a claim not supported by research."
~ Teddy Rosenbluth
#RFKJr #vaccines #measles #epidemic #disinformation #quackery
/1
https://www.nytimes.com/2025/03/10/health/measles-texas-kennedy-fox.html
"He cheered on questionable treatments like cod liver oil, and said that local doctors had achieved 'almost miraculous and instantaneous' recoveries with steroids or antibiotics."
Note that shifting blame for contracting measles to lack of good diet and exercise blames victims in a particularly nasty way that makes invidious insinuations about social class and income. RFKJr. and his kind are models of good health?
#RFKJr #vaccines #measles #epidemic #disinformation #quackery
/2
"Kennedy is a quack, and a dangerous one. These ideas are only the tip of the iceberg. Regardless of what he says for public consumption, he is an anti-vaxxer. So are his 'experts.' They ignore the reality that any vaccine can only be effective with mass administration. Voluntary vaccination won’t cut it. He knows that.
This perversion of science will cost many thousands of lives, perhaps more."
~ Mark Mansour
"According to the Centers for Disease Control, as of March 6, 2025, a total of 222 measles cases have been reported by twelve U.S. jurisdictions in just the first 65 days of 2025.
The current outbreaks are in:
Alaska
California
Florida
Georgia
Kentucky
New Jersey
New Mexico
New York City
Pennsylvania
Rhode Island
Texas
Washington state"
~ Amelia Mavis Christnot
#RFKJr #vaccines #measles #epidemic #disinformation #quackery
/4
https://auntiemavis.substack.com/p/measles-dangers-immunity-vaccination-testing
"*On March 9, a case was confirmed in the Maryland/metro D.C. area.
Measles is more contagious than many of the diseases we take far more seriously in the media and halls of Congress.
Measles infection can result in severe and sometimes permanent complications including pneumonia, lung damage, brain damage, and death."
#RFKJr #vaccines #measles #epidemic #disinformation #quackery
/5
We've always felt the ppl won't turn against Trumpism until it hurts THEM directly.
That will happen now.
It's sad that that has to happen b4 ppl realise stupidity can kill.
It's tragic for ppl in other nations who didn't have a vote.
My husband and I have pensions in freefall here in Australia. It's fucked.