Candidate Trump promised that the economy - which he usually equates with the stock market - would soar once he was back in the Oval Office. He also promised that certain things - including the lowering of the price of gas and groceries, as well as a quick end (within 24 hours, if memory serves correctly) of the war in Ukraine - which he since seems to have completely forgotten about.
Of course, Trump fans never, ever, ever hold this man accountable for anything negative. So their support has hardly wavered. Oh, he may have dropped a few points in terms of approval ratings. And while there are big headlines in that regard, I personally feel that those hardly matter. After all, the guy is in the White House, and will be there for the next four years, at least.
Now, I sometimes have wondered if Trump would have won had he not convinced people that he would manage to bring down the price of groceries and gas, and instead promised to focus on militarily taking over Greenland or threatening to take over the Panama Canal or Gaza, even outright mentioning the possibility of displacing nearly two million Palestinians from their homeland in the process, so that he could pursue his plans for a glorious rebirth of Gaza as some Vegas-flavored Riviera of the eastern Mediterranean.
Or how he, since winning the '24 election, has relentlessly (and entirely unprovoked) has spoken about absorbing Canada and making it the 51st state.
Or how he would go through with the tariffs.....then back down, delaying them and kicking them down the street to put into place one month later. Then impose them again....only to once again back down and kick those plans down the street for another month.
Or how we would watch as Elon Musk seems to wield some bizarre authority over a suddenly very impotent appearing Donald Trump twice now, once in the Oval Office while fielding questions by reporters, and another time during a presidential cabinet meeting. Oh, and wearing a t-shirt both times, clearly a breach of White House protocol, except that they only spoke up about it to Ukraine's Zelensky, and not to Elon Musk, for some reason. Oh, and how Musk's DOGE (Department of Government Efficiency) would be responsible for getting rid of 100,000 jobs in just the first two months of this presidency, including firing some people with crucial positions critical to national security (like those in nuclear safety) then scramble to hire these same people back. Talk about efficiency.
Would he still have gotten enough votes to win a second term then?
Truth be told, I am not even entirely sure if that would have dissuaded enough Americans from voting for this clown of a man into our nation's highest office yet again.
Well, even by Trump's own standards, the stock market seems to be doing poorly. There are plenty of indications that this is in large part a response to the instability of Trump's on again/off again tariff policy, or game, of whatever the hell it has been.
Are Trump supporters finally waking up and feeling a bit sick or betrayed?
Somehow, there are no real signs of anything close to that yet, even though his first two months in office have felt disastrous and incredibly chaotic, even by the low bar of standards that Trump always, always seems intent on lowering further still.
Below is a news report from Reuters which shows that Trump's tariffs have largely caused the stock market plunge, and that it has cost the American economy a rather astonishing $4 trillion in value.
Winning and making America great again, huh?
Below are the articles which I used in writing this particular blog entry, and from which I obtained the specific information used in the same:
US stock market loses $4 trillion in value as Trump plows ahead on tariffs By Lewis Krauskopf and Saqib Iqbal Ahmed March 10, 2025:
https://www.reuters.com/markets/us/investors-flee-equities-trump-driven-uncertainty-sparks-economic-worry-2025-03-10/
How hard have US agencies been hit by Trump and Musk's DOGE layoffs? Joseph Ax, Val Volcovici and Humeyra PamukReuters, March 7, 2025:
https://www.usatoday.com/story/money/2025/03/07/all-agencies-trump-doge-layoffs/81851235007/
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