Latest Breaking News

FightFight

(226 posts) Tue Oct 29, 2024, 09:33 PM Oct 29

Elon Musk agrees: Trump's economic plans will lead to 'hardship' and cause markets to 'tumble' [View all]

Source: independent

The former president’s wealthy allies are promoting the idea of economic collapse and high prices as a necessary side effect of Trump’s economic agenda, The world’s wealthiest man appears to believe that a Donald Trump presidency must crash the economy in order to benefit Americans.

Elon Musk agreed on Tuesday that proposed drastic cuts to the federal government, coupled with Trump’s sweeping deportations, will likely cause global markets to “tumble.”

Read more: https://www.independent.co.uk/news/world/americas/us-politics/elon-musk-economy-trump-hardship-b2637850.html?utm_source=reddit.com

1.

Trump inherited a booming economy — and handed Biden a nation 'in shambles' https://www.nbcnews.com/business/economy/trump-inherited-booming-economy-handed-biden-nation-shambles-n1255033

2.

Trump Built a National Debt So Big (Even Before the Pandemic) That It’ll Weigh Down the Economy for Years The “King of Debt” promised to reduce the national debt — then his tax cuts made it surge. Add in the pandemic, and he oversaw the third-biggest deficit increase of any president. The national debt rose by almost $7.8 trillion during Trump’s time in office
TRUMP HAD THE THIRD-BIGGEST PRIMARY DEFICIT GROWTH, 5.2% OF GDP, BEHIND ONLY GEORGE W. BUSH (11.7%) AND ABRAHAM LINCOLN (9.4%).--All Republicans

https://www.propublica.org/article/national-debt-trump

32 replies

= new reply since forum marked as read

Highlight:

Elon Musk agrees: Trump's economic plans will lead to 'hardship' and cause markets to 'tumble' [View all] FightFight Oct 29 OP

The rich made most of their money during economic downturns. Musk's weath increase 10 fold during the pandemic yaesu Oct 29 #1

I've read before: Depressions are when money... ret5hd Oct 29 #2

Well if he is first The Madcap Oct 29 #3

The snake pitched $75 million into his Trump supporting PAC July through September Ponietz Oct 29 #6

Some targeted tax increases can fix the problem Picaro Oct 29 #4

..and the other thing never mentioned is all the industrialized countries... Septua Oct 30 #17

But how will they be able to buy millions of homes at pennies on the dollar louis-t Oct 30 #20

Not to forget Filial Responsibility laws in many states/including CA, NJ... GoldenMezzoDiva Oct 30 #26

What's that? Oh yeah, the SMELL of Musk. 4lbs Oct 29 #5

So, Muskrat, does that mean you'll still back him or...? sakabatou Oct 29 #7

Is DonOld promoting this 'great' feature? keithbvadu2 Oct 29 #8

The economy is in a period of boom and bust cycles. usonian Oct 29 #9

Didn't we have enough... Whatthe_Firetruck Oct 29 #10

Trump Pinochet n/t Haggard Celine Oct 30 #28

How much money is enough for these freaks? C Moon Oct 29 #11

"How much money is enough for these freaks?" markodochartaigh Oct 30 #15

Funny thing is Farmer-Rick Oct 30 #18

Same all story -- for Trump to save America, he must first destroy our economy. NCjack Oct 30 #12

K&R Olympian Hiawatha Oct 30 #13

G'd forbid these Count Draculas ever again come to power... GoldenMezzoDiva Oct 30 #14

A certain group of our oiligarchs markodochartaigh Oct 30 #16

It's kind of what they've done with Farm products Farmer-Rick Oct 30 #21

Also what happened in the poultry and egg markets. markodochartaigh Oct 30 #23

Exactly Farmer-Rick Oct 30 #27

Did he add: "Like we've never seen"? louis-t Oct 30 #19

Hardship for others so he doesn't care. Jit423 Oct 30 #22

GOP want a recession so bad IronLionZion Oct 30 #24

Given inflation gives maximum profit. Blue Full Moon Oct 30 #25

Little piece of trash Elon has Noth ng to worry about financially, we do. BradBo Oct 30 #29

Maybe Elon should consider that a global collapse of the economy-- viva la Oct 30 #30

IMO Eloon is not the sharpest spoon in the drawer. He takes far too much credit for many other people's hard work and Ford_Prefect Oct 30 #31

Could MSM cover this?? Evolve Dammit Oct 30 #32