Why Did So Many People Delude Themselves About Trump?
8th April 2025
The New York Times, a Voice of the Crust.
Donald Trump’s 2024 election sent many finance types into spasms of anticipatory ecstasy as they imagined freedom from regulations, taxes and unfamiliar pronouns. “Bankers and financiers say Trump’s victory has emboldened those who chafed at ‘woke doctrine’ and felt they had to self-censor or change their language to avoid offending younger colleagues, women, minorities or disabled people,” The Financial Times reported a few days before Trump’s inauguration. It quoted one leading banker crowing — anonymously — about finally being able to use slurs like “retard” again. The vibes had shifted; the animal spirits were loose.
“We’re stepping into the most pro-growth, pro-business, pro-American administration I’ve perhaps seen in my adult lifetime,” gushed the hedge fund manager Bill Ackman in December.
One Wall Street veteran, however, understood the risk an unleashed Trump posed to the economy. After Trump’s victory in November, Peter Berezin, chief global strategist at BCA Research, which provides macroeconomic research to major financial institutions, estimated that the chance of a recession had climbed to 75 percent. “The prospect of an escalation of the trade war is likely to depress corporate investment while lowering real household disposable income,” said a BCA report.
Never has a journalist demonstrated more convincingly an inferior mind. Goldberg thinks that ‘Wall Street’ (the Economic Crust) rejoiced in Trump’s election because it would free their Inner Nazi, and then pivots to saying that They Were Wrong because of tariffs, completely missing the fact that (a) she’s reading into their motivations what she pretends they wanted and (b) that there is some connection between her fanciful notions of their mindset and Trump’s actions regarding trade.
Well, if ‘Wall Street’ got Trump wrong, it was because they believed the Narrative Media about who Trump was rather than believing the most sure evidence, what he said and did. But we have no evidence other than Goldberg’s proglodyte fantasies that such a thing happened. Trump has made no secret about his views on economics and trade. Most billionaires are much smarter than journalists like Goldberg, who has been a scribbler all her life and never had a job that required her to do something that would make people’s lives better.
Trump is not imposing tariffs just because he likes tariffs, although he claims he does. The tariffs were in response to other countries imposing tariffs on U.S. goods while expecting the U.S. to be Free Trade Land, and Trump isn’t going to put up with it. Once the moaners and weepers back off on their tariffs, Trump will lower his; he has made that quite clear on more than one occasion, despite the Usual Suspects wringing their hands about how he’s attempting to destroy America. (People would believe that of a Dramacrat, but not of Trump.)
The Times actually pays people to write this shit. Unbelievable.
April 8th, 2025 at 13:14
They haven’t seen a president with the ability to use negotiating tactics in a long time.
April 9th, 2025 at 15:18
That’s because we haven’t had a President who has ever been anything other than a politician in a long time.