c/news · by tacoplease@lemmy.world · 75d

Trump claims he tanked economy on purpose: 'I love the inflation'

https://www.rawstory.com/donald-trump-inflation-economy/

cross-posted from: https://lemmy.world/post/48004205

469 points · 56 comments · view on lemmy.world

56 Comments

BonsaiBoo@lemmy.world · 159 pts · 75d (2 replies)

We warned everyone - the rich love electing republicans because they crash everything and make people sell their stuff l, businesses and properties off cheap, it’s a fire sale for rich people, who then either hold on to that and borrow against it for more wealth, create monopolies, and raise prices further, or who just accrue more wealth and power for sport in this manner.

JasonDJ@lemmy.zip · 82 pts · 75d (1 reply)

Don't forget that since they sold all their stuff, they now have to buy all new stuff in the eventual upswing, now at an inflated price.

The ultra-wealthy are literally pawnbrokers on a national scale.

BonsaiBoo@lemmy.world · 20 pts · 75d

Well they are trying to kill off as many poors as possible, so they don’t expect everyone to rebuy their likely more crappy than before shit.

Arghblarg@lemmy.ca · 104 pts · 75d

The Narcissist's Prayer

That didn't happen.
And if it did, it wasn't that bad.
And if it was, that's not a big deal.
And if it is, that's not my fault.
And if it was, I didn't mean it.
And if I did, you deserved it.

dalekcaan@feddit.nl · 77 pts · 75d (2 replies)

"No, I love it – the numbers were great," Trump said. "You know what I really love? I love the inflation. You know why? Because as soon as this war is over, you know, I can say it now, something you didn't know. You know, we've been taking out millions of barrels of oil, nobody knows it. You know who doesn't know about it? Iran, until right now we took out the other night 22 ships late at night with no lights because they don't have any radar because we blasted the crap out of it. We took out, that's why oil is $85 a barrel."

I know everything that comes out of his mouth is word salad, but I think I had a stroke just reading that.

pivot_root@lemmy.world · 20 pts · 75d

We've been taking out millions of barrels of oil. You know who doesn't know about it? Iran

Didn't. Past tense.

If by some amazing level of incompetence they didn't know about their oil being plundered, they absolutely do now that he's opened his mouth about it.

tomiant@piefed.social · 1 pts · 74d

"In fact this is great. You know why? Because look over here, a completely unrelated lie that I'm very proud of."

MajinBlayze@lemmy.world · 65 pts · 75d (1 reply)

Pay no attention to the economy, we have purposely trained it wrong, as a joke.

Tower@lemmy.zip · 14 pts · 75d

We are bleeding, making us the victor!

Mulligrubs@lemmy.world · 47 pts · 75d (4 replies)

This alone should qualify him for impeachment, inflation is suffering for all but the most wealthy across the nation.

Not that he will be impeached, congress is making so much money that they can't help but "ride it out". Easy wealth is hard for anyone to resist, could you? Seriously, we're talking generational wealth for their entire family...

https://www.capitoltrades.com/trades

...and that's only what they report, there's way more money in play than that. Even the good ones have to face "I could have enough money for me and mom dad and my kids and their kids, just a few more months and then I'll argue for a minimum wage, maybe even a standalone bill! Just one more million..."

All the leadership is long gone, the few decent reps are nothing more than tokens; their only purpose is idealization.

lightnsfw@reddthat.com · 30 pts · 75d (2 replies)

He's literally committed treason and nothing happened. Expecting the government to do anything about him is a waste of energy.

Wataba@sh.itjust.works · 6 pts · 75d (1 reply)

Expecting US citizens to do anything about him is a waste of energy.

They couldn't give two fucks to show up and tick some boxes.

lightnsfw@reddthat.com · 3 pts · 74d

Also true.

phoenixz@lemmy.ca · 3 pts · 74d

inflation is suffering for all but the most wealthy across the nation

Exactly, that is the point. Why would they impeach the guy that is making them and their handlers rich?

DaddleDew@lemmy.world · 41 pts · 75d

I imagine inflation is great when you've put yourself in debt to leverage assets and your cost of living takes only a tiny portion of your massive income.

You know, it's great for rich people. The rest gets fucked.

M0oP0o@mander.xyz · 37 pts · 75d

YAY we made it to 4!

nosuchanon@lemmy.world · 35 pts · 75d (3 replies)

samus12345@sh.itjust.works · 8 pts · 75d

He looks so young compared to now.

TrippyHippy@lemmy.dbzer0.com · 5 pts · 74d

architect@thelemmy.club · 1 pts · 74d

Goes who was selling these stickers and profiting? Fucking Trump.

partial_accumen@lemmy.world · 33 pts · 75d

The Narcissist's Prayer

That didn't happen.
And if it did, it wasn't that bad.
And if it was, that's not a big deal.
And if it is, that's not my fault.
And if it was, I didn't mean it.
And if I did, you deserved it. <-----We are here

Imgonnatrythis@sh.itjust.works · 30 pts · 75d (9 replies)

So there really is no point where there is a mechanism to save the office of the president should mental illness and incapacity dominate the working of the Supreme leader's mind? The King walks naked and we just keep saying his clothes look fabulous?

nickiwest@lemmy.world · 23 pts · 75d (3 replies)

There is, but the people who wrote it didn't foresee a world in which an entire established political party just blindly follows everything that the incapacitated person says.

The framers of the constitution and the people who wrote its amendments were so sure that only people with integrity and good intentions would hold elected office that they didn't give us a plan for removing shallow, greedy megalomaniacs.

searabbit@piefed.social · 10 pts · 75d (1 reply)

But they also didn't consider themselves smart enough to have thought of everything which was the whole point of the amendment system. Which was promptly discarded as soon as it became more convenient to reinterpret the letter of the constitution to suit your needs while calling yourself an originalist.

nickiwest@lemmy.world · 1 pts · 74d

I truly believe that if the framers of the constitution had any idea that they were basically writing a religious document, they would have built in the requirement for a constitutional convention every 25-ish years.

I think they would be horrified by the idea that we had only passed 27 amendments in 237 years.

architect@thelemmy.club · 2 pts · 74d

Some actually did, which is why they didn’t like political parties.

tacoplease@lemmy.world · 10 pts · 75d

25A and 2A, though I prefer 2A

MajinBlayze@lemmy.world · 7 pts · 75d

Only if the powers that be are in opposition to the president

Mulligrubs@lemmy.world · 2 pts · 75d

If Amazon and Cybertruck even frown, he's out on his ass.

Don't worry! They're super happy.

architect@thelemmy.club · 2 pts · 74d (1 reply)

I think you need George clooney to say something.

Imgonnatrythis@sh.itjust.works · 1 pts · 74d

What does some random French actor have to do with this?

Thebeardedsinglemalt@lemmy.world · 30 pts · 74d

Blames Biden for inflation.

"Promises" to fix it.

Deliberately makes it worse so he can get richer.

Mouth-breathing fucktards still blame Biden and immigrants for inflation

Xerxos@lemmy.ml · 26 pts · 75d (4 replies)

Seems like his bribes keep up with inflation.

Inflation is generally more of a poor peoples problem, the rich don't suffer like the rest of us. Lots of opportunities for the parasite class to steal even more wealth.

P00ptart@lemmy.world · 9 pts · 75d (3 replies)

Inflation actually benefits those who are in major debt.

Xerxos@lemmy.ml · 4 pts · 74d (2 replies)

Yes, but you have to look at the bigger picture: most ultra-wealthy people do not keep the bulk of their wealth in cash. Instead, their wealth is largely invested in assets such as shares, which can rise in value over time. When they need cash, they can often borrow against those assets rather than sell them

They have people whose job it is to shift the wealth around according to the current situation. They are unlikely to suffer with the rest of us.

Take Corona: the super rich got much wealthier while we and the economy went down.

P00ptart@lemmy.world · 3 pts · 74d (1 reply)

And it's about to happen again. Crashes are always beneficial to the wealthy. But I doubt we come back from this one.

Thebeardedsinglemalt@lemmy.world · 2 pts · 74d

But I doubt we come back from this one.

Just as they intended

Formfiller@lemmy.world · 18 pts · 74d (1 reply)

Lucius_Sweet@lemmy.world · 5 pts · 74d

He doesn't look a thing like Jesus, but he talks like he's mental man, like you imagined, wow we were du-uuuuuumb!

kmartburrito@lemmy.world · 16 pts · 75d

wasabi_noir@lemmy.zip · 15 pts · 75d (1 reply)

How many of his shit for brains enablers are going to make the arguments that inflation is a good thing?

innermachine@lemmy.world · 9 pts · 75d

It is a good thing, for the ruling elites. All their assets are skyrocketing in value, allowing them to game bank loans more and have more financial leverage. You can make boat loads of money off inflation if you play your cards right and have investments in property! Look up Hugo Stinnes, there's more to it than my comment says but interesting history that I think is repeating itself to some extent.

grte@lemmy.ca · 15 pts · 75d

Yeah, sure. Make that your midterms sales pitch.

CharlesDarwin@lemmy.world · 13 pts · 74d

Meanwhile, Republican voters: