It's the economy, stupid.

[GoCubsGo]

Let's entertain a time honored tradition for a moment.

Imagine if there was a direct causation between a Democratic president's actions and the stock market going into a freefall. A direct causation like the ongoing one started last week.

MAGA would be screaming. Their daddy would be tweeting non-stop about it.

There's a difference, half the Dems would be screaming about it, too. That's how patriotism and compassion work, GQP.

Dems are incompetent but not a cult.

[Whack9]

Searching Trump's tweets you'll find countless boasts about the stock market hitting highs, attributing it's success to his presidency.

Here's some others:

From 2018: Wall Street’s cheerleader in chief: Trump has tweeted about the stock market at least 60 times since he was elected



https://www.cnbc.com/2018/02/06/trump-h ... ction.html

STOCK MARKETS CRASHING. I TOLD YOU SO!!! KAMALA DOESN’T HAVE A CLUE. BIDEN IS SOUND ASLEEP. ALL CAUSED BY INEPT U.S. LEADERSHIP!

https://truthsocial.com/@realDonaldTrum ... 8577621142

The stock market is going down so much, and inflation is so rampant, that Joe Biden may very well go down as the next Herbert Hoover!

https://truthsocial.com/@realDonaldTrum ... 4719920314



Lmaoooo

The Stock Market(s) are literally crashing. There was no reason for this, all self inflicted!

https://truthsocial.com/@realDonaldTrum ... 0787607968

[Vrede too]

Searching Trump's tweets you'll find countless boasts about the stock market hitting highs, attributing it's success to his presidency.

U.S. consumers are going on a tariff-induced shopping spree. From furniture, to appliances, to alcohol, Americans are rushing to buy before President Donald Trump's sweeping tariffs are felt at the checkout counter....

DonOLD will take credit for the solid retail numbers in March and early April. Watch.

[GoCubsGo]

DonOLD will take credit for the solid retail numbers in March and early April. Watch.

And credit when the market soars when he has to rescind the tariffs after incalcuable damage.

[Whack9]

Trump says tariffs will remain until trade deficits disappear

https://www.nytimes.com/2025/04/06/us/p ... ssion.html

“Hundreds of billions of dollars a year we lose with China,” Mr. Trump told reporters on Air Force One. “And unless we solve that problem, I’m not going to make a deal.” He added that he was “willing to deal with China, but they have to solve their surplus.”

...

Mr. Trump’s 10 percent baseline tariff on nearly every trading partner went into effect on Saturday morning. A second round of tariffs will snap into place on Wednesday morning. Those levies, when added with tariffs the president recently imposed on foreign metals, cars and exports from Canada, Mexico and China, increase the tariffs the United States puts on imports by nearly tenfold.

I really don't think Trump understands what a trade deficit is. He's also shown he doesn't understand who actually pays tariffs.

Another worrisome development: I think he's stuck in an outdated mindset believing the world cannot move on without the United States. That simply isn't true anymore. Look at how China's grown in the last fifty years. He's expediting their rise to the top.

This is the stock market’s worst start to a presidential term in modern history


https://www.cnn.com/2025/04/07/investin ... index.html

New York
CNN
—
President Donald Trump warned Americans in 2024 that a vote for Vice President Kamala Harris would be a vote for a market meltdown.

“You want to see a market crash? If we lost this election, I think the market would go down the tubes,” Trump said at a Pennsylvania rally in late October.

Weeks earlier, Trump confidently predicted that if he lost, “the result will be a Kamala economic crash, a 1929-style depression.”

Lmaoooo

[Vrede too]

Yeah, the markets hypocrisy is endless.

Trump says tariffs will remain until trade deficits disappear

https://www.nytimes.com/2025/04/06/us/p ... ssion.html



I really don't think Trump understands what a trade deficit is.



Lmaoooo

Trade deficits are not necessarily a bad thing, to a point. We get goods that people use to better their lives, however they define "better". They get money which merely makes their bank balance look nice, but doesn't actually do the populace any good. Who has really benefited? Part of it is semantics. "Deficits" have to be bad, right? However, if we called it a "goods surplus" we're saying the same thing, but it sounds way better.

[Whack9]

Yeah, the markets hypocrisy is endless.

Trump says tariffs will remain until trade deficits disappear

https://www.nytimes.com/2025/04/06/us/p ... ssion.html



I really don't think Trump understands what a trade deficit is.



Lmaoooo

Trade deficits are not necessarily a bad thing, to a point. We get goods that people use to better their lives, however they define "better". They get money which merely makes their bank balance look nice, but doesn't actually do the populace any good. Who has really benefited? Part of it is semantics. "Deficits" have to be bad, right? However, if we called it a "goods surplus" we're saying the same thing, but it sounds way better.

Also, I don't think countries like Bangladesh or Cambodia or Madagascar are going to be buying a lot from the US. At the moment we're a wealthy country. They are not. A trade deficit with these countries is understandable and makes sense. Trump stated in an interview he wants the trade deficit to be zero with all countries. That simply isn't possible. It's an asinine, ignorant, understanding of a complex process.

[GoCubsGo]

He's really flailing this morning, never a good sign for what's to come.

[Whack9]

He's really flailing this morning, never a good sign for what's to come.

Curious to see what happens Wednesday when the targeted tariffs hit. Right now only the 10% global tariffs are enacted

[GoCubsGo]

He's really flailing this morning, never a good sign for what's to come.

Curious to see what happens Wednesday when the targeted tariffs hit. Right now only the 10% global tariffs are enacted

That's probably being factored in.

Right now there's a bunch of headless chickens running around the Whitehouse looking for a way out of this while simultaneously declaring victory.

[GoCubsGo]

This'll calm everything down.

[Whack9]

This'll calm everything down.

He's too stupid to realize he's proving to himself why trade wars are bad

[GoCubsGo]

When the guardrails come off.

The View’: Alyssa Farah Griffin Says Man With ‘Outsized Influence’ on Trump’s Trade War Was Actively Kept Out of Meetings in First Term

“I knew him in the first Trump term. Candidly, the smart economic advisors around Donald Trump in the first term would try to keep Peter Navarro out of meetings with Donald Trump,” Farah Griffin explained. “Because he so often lacked information, preparation, statistics; he would put wrong information in front of him.”

The host noted that people like Steve Mnuchin and former vice president Mike Pence would successfully corral Navarro in the first term, but now that they are gone, he has seemingly unfettered access to the president.



No wonder DonOld likes him.

John Barron anyone?

'Doesn’t exist!’ Maddow exposes Trump ally who invented expert — using anagram of his name


Hey, maybe RFK Jr. Is right.

There's shit in the water and food rotting the brains of these people.

[1 CAT FAN]

This'll calm everything down.

He's too stupid to realize he's proving to himself why trade wars are bad

Made in America! What a lie that was/is. Spoiled lazyass Americans.

[neoplacebo]

When the guardrails come off.

The View’: Alyssa Farah Griffin Says Man With ‘Outsized Influence’ on Trump’s Trade War Was Actively Kept Out of Meetings in First Term

“I knew him in the first Trump term. Candidly, the smart economic advisors around Donald Trump in the first term would try to keep Peter Navarro out of meetings with Donald Trump,” Farah Griffin explained. “Because he so often lacked information, preparation, statistics; he would put wrong information in front of him.”

The host noted that people like Steve Mnuchin and former vice president Mike Pence would successfully corral Navarro in the first term, but now that they are gone, he has seemingly unfettered access to the president.



No wonder DonOld likes him.

John Barron anyone?

'Doesn’t exist!’ Maddow exposes Trump ally who invented expert — using anagram of his name


Hey, maybe RFK Jr. Is right.

There's shit in the water and food rotting the brains of these people.

Peter Navarro is the coyote (the roadrunner's nemesis) of economics....he's never been right about anything except when he told trump back in 2020 that covid was going to be a king hell disaster. Hell, let's look on the bright side....Laura Looney may whisper to trump that Navarro is disloyal once this shit reaches critical mass.

[Vrede too]

No wonder DonOld likes him.

John Barron anyone?

'Doesn’t exist!’ Maddow exposes Trump ally who invented expert — using anagram of his name

That's hilarious. Peter Navarro failures:
"ran unsuccessfully for office in San Diego, California, five times."
"paid $4,000 in fines and court costs for violating city (San Diego) and state election laws."

First Trump administration:
China–United States trade war
COVID-19 response, including hydroxychloroquine

He frequently referred to the virus as the "China virus" or the "CCP virus" and, in May 2020, accused the Chinese government of sending Chinese citizens to other countries to "seed" the virus. In July 2020, USA Today published an editorial by Navarro under the headline "Anthony Fauci has been wrong about everything I have interacted with him on", after which White House officials disavowed Navarro's attacks. The newspaper, under criticism for the editorial, later published an apologetic statement that read, in part, "several of Navarro's criticisms of Fauci — on the China travel restrictions, the risk from the coronavirus and falling mortality rates — were misleading or lacked context. As such, Navarro's op-ed did not meet USA TODAY's fact-checking standards." During a Fox News appearance in March 2021, Navarro echoed a baseless conspiracy theory that Fauci was the "father" of the virus and had used taxpayer money to finance a Chinese laboratory where it was supposedly developed.

In explaining his role in the (first) Trump administration, Navarro said that he is there to "provide the underlying analytics that confirm [Trump's] intuition [on trade]. And his intuition is always right in these matters."

Demoted in September 2017, but later promoted
The World Trade Organization rejected the U.S. tariffs against China

In June 2018, Navarro said that there was "a special place in hell" for Canadian prime minister Justin Trudeau, after Trudeau said that Canada would respond to U.S. tariffs against Canada with retaliatory tariffs. Trudeau's remarks and Canada's response to these tariffs were already public and well known when Navarro made this comment. Navarro later apologized. In May 2019, Navarro said that Trump's decision to place tariffs on Mexico unless Mexico stopped illegal immigration to the United States was "a brilliant move". In August 2019, Navarro asserted the tariffs of the ongoing China–United States trade war were not hurting Americans. Citing extensive evidence to the contrary, PolitiFact rated Navarro's assertion "Pants on Fire."

The United States Office of Special Counsel ruled in December 2020 that Navarro repeatedly violated the Hatch Act by using his official capacity to influence elections in speaking against Trump's opponent Joe Biden during the presidential campaign.

Infrastructure plan

During the campaign Navarro, together with Wilbur Ross, who became Trump's commerce secretary, designed a $1 trillion infrastructure development plan for Trump's presidential campaign. The plan called for $137 billion in tax credits to private business to induce them to finance the bulk of infrastructure spending. Economists across the political spectrum derided the proposal. Trump released a $1.5 trillion version of this plan in February 2018 but the Republican-controlled Congress showed little enthusiasm for the proposal, with The Hill reporting, "President Trump's infrastructure plan appears to have crashed and burned in Congress".

Opps.
I think it was neoplacebo who said at the time that he's always wrong.

Other failures:

Navarro sought to overturn the 2020 presidential election and advanced conspiracy theories of election fraud and in February 2022 was subpoenaed twice by Congress. Navarro refused to comply and was referred to the Justice Department. In 2022, a grand jury indicted him on two counts of contempt of Congress. In 2023, Navarro was convicted on both counts, and in 2024, he was sentenced to four months in jail, becoming the first former White House official imprisoned on a contempt-of-Congress conviction.

On January 2, 2021, Navarro, along with Rudy Giuliani and Mark Meadows, participated in a call with Georgia election officials in which Trump urged them to overturn the results of the election.

In the wake of the storming of the Capitol on January 6, 2021, Navarro appeared on Fox Business Network's Making Money on January 8, telling host Charles Payne that Trump was not to blame ...

Lie.

Later in 2021, Navarro published In Trump Time, a book in which he describes how he, Bannon, and others worked to delay or overturn Congress's counting of the election votes formalizing Biden's victory, in part through a failed scheme to try to get Pence to "reject" electoral votes for Biden, something Pence had no power to do. In December 2021, Navarro was still claiming that his falsehoods were meant "to lay the legal predicate for the actions to be taken", despite no evidence of voting fraud being found.

Opps.

... Navarro tried — and failed — to grab a demonstrator's "Trump lost" sign from her ...

I remember that.
Contributor to Project 2025
Now tariffs
"Navarro's views on trade are significantly outside the mainstream of economic thought, and are widely considered fringe by other economists."
"Ron Vara"
Attended Bethesda-Chevy Chase (MD) High School, always a bad sign . He would have been 2 or 3 years ahead of O Really.
Malevolent China obsession

Of the more than dozen China specialists contacted by Foreign Policy, most either did not know of Navarro or had only interacted with him briefly.[194] Kenneth Pomeranz, University of Chicago professor of Chinese History, said that his "recollection is that [Navarro] generally avoided people who actually knew something about the country." Columnist Gordon G. Chang was the only China watcher contacted by Foreign Policy who defended Navarro, but even he noted that he disagreed with Navarro's claims of currency manipulation, opposition to the TPP, and calls for high tariffs. James McGregor, a former chairman of the American Chamber of Commerce in China, said that Navarro's books and documentary on China "have close to zero credibility with people who know the country," and are filled with "hyperbole, inaccuracies" and a "cartoonish caricature of China that he puts out."

According to MIT economist Simon Johnson, the economic plan essay authored by Navarro and Ross for Trump during the campaign had projections "based on assumptions so unrealistic that they seem to have come from a different planet. If the United States really did adopt Trump's plan, the result would be an immediate and unmitigated disaster." In October 2016, along with Wilbur Ross and Andrew Puzder, Navarro co-authored an essay titled "Donald Trump's Contract with the American Voter". When 370 economists, including 19 Nobel laureates, signed a letter warning against Trump's stated economic policies in November 2016, Navarro said that the letter was "an embarrassment to the corporate offshoring wing of the economist profession who continues to insist bad trade deals are good for America."

Refusal to produce presidential records to National Archives

University of Michigan economist Justin Wolfers described Navarro's views as "far outside the mainstream," noting that "he endorses few of the key tenets of" the economics profession. According to Lee Branstetter, economics professor at Carnegie Mellon University and trade expert with the Peterson Institute for International Economics, Navarro "was never a part of the group of economists who ever studied the global free-trade system... He doesn't publish in journals. What he's writing and saying right now has nothing to do with what he got his Harvard Ph.D. in... He doesn't do research that would meet the scientific standards of that community." Marcus Noland, an economist at the Peterson Institute for International Economics, described a tax and trade paper written by Navarro and Wilbur Ross for Trump as "a complete misunderstanding of international trade, on their part."

Political positions (all over the map in his life)

Navarro has also said that the United States has "already begun to lose control of [its] food supply chain", which according to NPR, "sounded pretty off-the-wall to a number of economists" who noted that the US is a massive exporter of food. Dermot Hayes, an agribusiness economist at Iowa State University, described Navarro's statement as "uninformed".

Opps.

Navarro is a proponent of the notion that trade deficits are bad in and of themselves, a view which is widely rejected by trade experts and economists....

viewtopic.php?p=211407#p211407

Wow, even I had no idea what a FAILURE Navarro is. I should have just linked the Wiki page Only DonOLD would hire someone with such a miserable track record.

[GoCubsGo]

Only the best people!

[Vrede too]

This'll calm everything down.

He's too stupid to realize he's proving to himself why trade wars are bad

Worst 3 days for the markets since 1987. Worse than:
The Trump/Covid recession;
The Shrubcession;
The Tech Bubble collapse.

I987.

[GoCubsGo]

Another happy CEO.

[Whack9]

Uh oh. Upstate SC about to have a bad time?

White House trade advisor criticizes BMW's South Carolina operations

https://www.wyff4.com/article/white-hou ... s/64412800

SPARTANBURG, S.C. —
White House Trade Advisor Peter Navarro criticized BMW's business model in Spartanburg, South Carolina, stating it is detrimental to the U.S. economy and national security.

"This business model where BMW and Mercedes come in to Spartanburg, South Carolina, and have us assemble German engines and Austrian transmissions. That doesn't work for America. It's bad for our economics. It's bad for our national security. We want them to come here," Navarro said.

The BMW plant is a massive net gain for the area.