- cross-posted to:
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- [email protected]
- cross-posted to:
- [email protected]
- [email protected]
Summary
Home Depot co-founder and GOP megadonor Ken Langone blasted Trumpās sweeping tariffs as ābullsāt,ā calling the 10% across-the-board rate and country-specific hikesālike 34% on China and 46% on Vietnamāātoo aggressiveā and poorly calculated.
Langone criticized the administrationās formula, based on trade deficits, as nonsensical.
Other prominent figures, including economists and billionaires like Stanley Druckenmiller, Bill Ackman, and Elon Musk, have also spoken out.
Critics warn the tariffs hinder negotiation and lack sound economic grounding. Langone said Trump is being āpoorly advisedā on trade policy.
Unlike HitlerPig, this Sociopathic Oligarch is a smart businessman, and he knows that much of his inventoryās cost is about to double.
Now he has a Sophieās Choice - double his retail prices and watch his sales crater, or reduce his profits, OR, the more likely choice, try to walk a tightrope between them, raising costs as much as he can without losing too much business, and absorbing the rest by a reduction in profits.
Any of those choices are going to have a negative impact on the stock price, and he will be deemed responsible, even though none of it is his fault, and all of it is directly attributable to HitlerPigās virtuosic dumbassery.
Itās definitely partially his fault. He just thought he wouldnāt be the one getting hurt.
Trump is the result of what the capitalists have done to the population since Reagan.
If youāre a billionaire who profited off gutting taxes, the commons, schools, etc while propping up for profit media pushing pro business lies like climate change is a hoax to line your own pockets, this is your fault.
As much bloody murder as Kenny here is crying, he isnāt suffering a tiny fraction enough. He should be in a secured mental health facility to treat his antisocial hoarding disorder for both his and our safety.
I often talk about these Sociopathic Oligarchs as mentally ill hoarders. If anybody collected cats like these guys collect money, theyād lock them up, but somehow these deranged people get worshipped for hoarding money they will never, ever need, even at the expense if destroying the entire country.
if he was smart, he shouldnt have donated to a known con-man.