President Donald Trump’s propaganda outlets are struggling to articulate a clear message as his sclerotic rollout of tariffs trigger widespread economic turbulence. U.S. stock markets tumbled on Monday after Trump told Fox News’ Maria Bartiromo that he could not rule out the possibility of a recession. The Dow Jones Industrial Average and S&P 500 both suffered their worst day of the year, losing more than 2%, while the NASDAQ Composite fell 4%, its worst day since September 2022.“The rout extended a miserable month for markets that has seen all three major indexes wipe out their gains since the US presidential election in November,” CNN reported. “The widespread selloff was mostly driven by anxiety about the impact of Trump’s tariffs.”Here’s how the MAGA stalwarts on Fox News and Newsmax responded on Monday night.
  • echo
    4·
    1 hour ago

    Everything - 100% of absolutely everything - that Trump does is a grift.

  • N0t_5ure@lemmy.world
    19·
    5 hours ago

    I’ve seen a few “buy the dip” comments in conservative circles, which is a good strategy in a bull market, as the dips are temporary. However, in a bear market you buy the dip, and then the dip of the dip, and then the dip of the dip of the dip, and the price keeps going down, and you lose more and more money. If Trump doesn’t change course, and I doubt he will, then the what is now a “correction” will almost certainly slide into a bear market. Markets were high before the start of Trump’s term, with Warren Buffet finding stocks overpriced.