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#incompetence

9 posts9 participants1 post today
Public
John Refior

But of course he didn't really reverse course. There are still massive tariffs in place, and probably more coming, because no one has stopped him and they are a useful policy tool if you want to commit extortion.

However, it looks like the administration is so incompetent that tariffs aren't being collected or enforced at this time.

"U.S. shippers tell CNBC they have not been charged higher tariff rates on their containers, some of which came in as late as yesterday"
cnbc.com/2025/04/11/customs-re

New Yorker cartoon in a conference room with a man pointing at a line plummeting on a graph, then finally ticking up a bit (looks like the major stock indices recently), and this text: “It was at this point, gentlemen, that the President decided it was his plan all along to reverse course.”
#tariffs#trade#incompetence
Continued thread
Public
Nonilex

#Senate #Democrats just held a press conference on #Trump's #tariff announcement & his admin's policy.

Sen Kirsten Gillibrand said: “Because of this #chaos, this #incompetence & this carelessness, he has wiped out trillions of dollars from the #US #economy.”

Standing alongside her, Senate Minority Leader #ChuckSchumer said: “You can't undo the damage. The #TrumpSlump is upon us now, & whatever he will try to do in the future does not undo the damage.”

#tariffs#inflation#recession
Replied in thread
Public
Nomdeb

@mloxton And not only in the Trump regime, but these kinds of people - DOGE for example - are out there in the private sector in droves, telling themselves that they are efficient and competent, and super, and mostly the dismal reality of their skillset remains hidden. Now we can see their work product publicly, and what a load of codswallop, what a myth, that the private sector is smart, efficient, well run. #PrivateSector #PublicSector #Incompetence #USPol

Public
KB

“We’re reinstating them. And that was always the plan. Part of the Doge, we talked about this from the beginning, is we’re going to do 80% cuts, but 20% of those are going to have to be reinstated, because we’ll make mistakes.”

They *planned* it this way? Christ on a pogo stick, that’s even worse.

theguardian.com/us-news/2025/a

The Guardian · RFK Jr says 20% of Doge’s health agency job cuts were mistakesBy Oliver Milman
#DOGE#RFK#ElonMusk
Public
Chris Koester

IT #security often fails due to the #carelessness and #incompetence of #users.

Probably this time too:
n-tv.de/politik/So-kam-der-Jou

Unfortunately, prematurely unsettling #headlines appeared on #ntv, among others: @ntv ‘How secure is the messenger service Signal?’ (n-tv.de/technik/Wie-sicher-ist).

Dear stubborn #BigTech users: ‘This incident would also have happened if you had communicated via Pony Express or fax.’

Too bad the #press isn't communicating this clearly!

#Signal @signalapp

Sambol of Signal Messenger
Continued thread
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William Lindsey :toad:

"It was a bloodbath on Wall Street today, as Trump’s ‘Liberation Day’ tariffs are liberating people from their retirement savings and investments. The Dow was down 2,231 (5.50%), NASDAQ was down 962 (5.82%), and Tesla was down a whopping 27.85 (10.42%)."

~ Ron Filipkowski

#Trump #tariffs #StockMarket #Dow #economy #recession #inflation #stupidity #incompetence #destruction #PutinsPoodle
/23

meidasplus.com/p/today-in-poli

Meidas+ · Today in Politics, Bulletin 105. 4/4/25By Ron Filipkowski
Continued thread
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William Lindsey :toad:

"Since the re-installment of Russian Asset Trump, the US stock market has seen nearly ten trillion in value disappear, with five trillion erased over the past two days. According to multiple reports, this is the largest two-day loss in American history."

~ Heidi Siegmund Cuda

#Trump #tariffs #StockMarket #Dow #economy #recession #inflation #stupidity #incompetence #destruction #PutinsPoodle
/22

bettedangerous.com/p/bottoms-u

Bette Dangerous · Bottom’s UpBy Heidi Siegmund Cuda
Continued thread
Public *
William Lindsey :toad:

"Stock market closes week in bloodbath as Trump’s tariffs cause historic two-day drop and wipe out $6 trillion.

The stock market closed with a bloodbath on Friday as the Dow Jones lost 2,231 points and the S&P 500 dropped 6 percent as investors are spooked about the impact of President Donald Trump’s tariff plan."

#Trump #tariffs #StockMarket #Dow #economy #recession #inflation #stupidity #incompetence #destruction
/21

~ Katie Hawkinson

independent.co.uk/news/world/a

The Independent · Dow Jones has lost 2,000 points on Friday as stock bloodbath continues in wake of Trump’s tariffsBy Katie Hawkinson
Continued thread
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William Lindsey :toad:

"The sweeping package of tariffs unveiled by Donald Trump on Wednesday includes an exemption for the energy sector, which is a clear sign of the president’s fealty to his big oil donors over the American people, advocates say."

~ Dharna Noor

#Trump #tariffs #StockMarket #economy #recession #inflation #stupidity #incompetence #destruction #BigOil #OilandGas #oligarchy #billionaires
/20

theguardian.com/us-news/2025/a

The Guardian · ‘Oligarchy’: Trump exempts big oil donors from tariffs packageBy Dharna Noor
Continued thread
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William Lindsey :toad:

As Edward Helmore reports, New York shopkeepers featuring imported goods are announcing that they will have to hike prices "astronomically" due to Trump's "liberation" tariffs.

Jennifer Pulidore of Myers of Keswick, a shop selling British groceries, says, 'The price of chocolate has gone up astronomically.'"

#Trump #tariffs #StockMarket #economy #recession #inflation #stupidity #incompetence #destruction
/19

theguardian.com/us-news/2025/a

The Guardian · ‘Scary times’: New York shopkeepers plan ‘astronomical’ price hikes under Trump tariffsBy Edward Helmore
Continued thread
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William Lindsey :toad:

"The Chinese Ministry of Finance, calling @POTUS new tariffs on Chinese imports a 'typical act of unilateral bullying,' responds overnight with a 34% tariff on all goods imported from America. And so the President's trade war escalates."

~ Garrett Haake quoted by Greg Dworkin

#Trump #tariffs #StockMarket #economy #recession #inflation #stupidity #incompetence #destruction
/18

dailykos.com/stories/2025/4/4/

Daily KosAbbreviated Pundit Roundup: Trump deliberately tanks the economy as Republicans sit back, do nothingThe Economist: President Trump’s mindless tariffs will cause economic havoc But the rest of the world can limit the damage I F YOU � failed � to spot America being “looted, pillaged, raped ...
Continued thread
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William Lindsey :toad:

"I’ve said before that Trump does not think of policy the way most of us do, operating instead like a low-level mob boss running a protection racket. Unfortunately, a bunch of rubes decided to give him another bite at the apple, and now the entire global economy has to pay up."

~ Marlon Weems

#Trump #tariffs #mob #MobBoss #sanctions #extortion #bullying #stupidity #incompetence
/6

thejourneyman.substack.com/p/h

The Journeyman. · Here Comes the PainBy Marlon Weems
Continued thread
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William Lindsey :toad:

"As world leaders reacted to the US president’s 'liberation day' tariff policies demolishing the international trading order, about $2.5tn (£1.9tn) was wiped off Wall Street and share prices in other financial centres across the globe."

~ Richard Partington

#Trump #tariffs #StockMarket #economy #recession #inflation #stupidity #incompetence #destruction
/15

theguardian.com/business/2025/

The Guardian · Global markets in turmoil as Trump tariffs wipe $2.5tn off Wall StreetBy Richard Partington
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