"Also today, the Federal Reserve Bank of Atlanta forecast a dramatic contraction in the economy in the first quarter of 2025. Evaluating current data according to a mathematical model, it moved from an expected 2.9% growth in gross domestic product at the end of January to –2.8% today."

#Musk #Trump #Putin #StockMarket #economy #Dow #Nasdaq #SandP #tariffs #recession
/2

"Donald Trump’s introduction of his long-threatened 25 percent trade tariffs on Mexico and Canada has caused global stock markets to drop sharply, with the Dow Jones, S&P 500 and Nasdaq all falling."

~ Oliver O'Connell, Joe Sommerlad, Ariana Baio

#Musk #Trump #Putin #StockMarket #economy #Dow #Nasdaq #SandP #tariffs #recession
/3

the-independent.com/news/world…

Trump speech live updates: President unveils surprise terror arrest as he doubles down on tariffs and DOGE cuts

President delivering address to joint session of Congress

^{Oliver O'Connell (The Independent)}

"The unease has already led to warnings that the U.S. could be heading for recession, with the Atlanta Fed’s GDPNow model estimating real GDP growth for the first quarter of 2025 at -2.8 percent, down from +3.9 percent just four weeks ago."

#Musk #Trump #Putin #StockMarket #economy #Dow #Nasdaq #SandP #tariffs #recession
/4

"Unbridled Tariff Man was always going to be a big economic risk in a second term, and here we are."

~ Wall Street Journal

#Musk #Trump #Putin #StockMarket #economy #Dow #Nasdaq #SandP #tariffs #recession
/5

wsj.com/opinion/trump-takes-th…

Opinion | Trump Takes the Dumbest Tariff Plunge

He says the 25% levies on Mexico and Canada will begin Tuesday. Stocks fall.

^WSJ

"Trump has created a climate of extreme economic uncertainty. And that’s really bad for the economy in the most fundamental way. If you’re tied to the global economy in really any way it’s hard to imagine you’d be making any big spending decisions at the moment. And that plays down to the consumer level. Meanwhile, the administration is at least trying to yank a lot of government spending out of the domestic economy."

~ Josh Marshall

#Trump #StockMarket #recession
/6

talkingpointsmemo.com/edblog/o…

Ominous Economic Data

The Atlanta Fed has again lowered its projection for first quarter 2025 GDP. It had been predicting growth of 2.3%. At the end of last week that was revised to…

^{Josh Marshall (TPM - Talking Points Memo)}

"We assess that the Presidency has been captured by Vladimir Putin. Until we see proof otherwise, assume that Elon Musk, Donald Trump, and JD Vance are proxies for Putin, Xi, and their allies. China backs Russia fully.

Russia’s strategic goal is to dismantle the United States. They will pursue this through creating internal turmoil and dysfunction, trying to destroy the dollar and by 'ending' the Federal Reserve."

~ Dave Troy

#Musk #Trump #Putin #economy
/7

docs.google.com/document/u/0/d…

Managing Financial Instability In 2025

MANAGING FINANCIAL INSTABILITY IN 2025 By David Troy, Publisher + Editor, America 2.0 Published November 7, 2024; Last Updated March 4, 2025 The Trump/Vance administration has the potential to unleash widespread economic harms, many of which are not…

^{Google Docs}

"Trump is killing the economy, reducing the U.S. government to rubble, and destroying our relationships with our allies. Putin may love it, but it’s a catastrophe for us and much of the rest of the world."

~ Robert Reich

#Musk #Trump #Putin #StockMarket #economy #Dow #Nasdaq #SandP #tariffs #recession
/8

robertreich.substack.com/p/dem…

Democrats! Wake the hell up!

Boycott Trump’s address to Congress tonight. If you must go, make good trouble.

^{Robert Reich}

"They want us broke. That means they want a recession, a depression, economic tumult. They want mass unemployment. They want the stock market to collapse. They want us to go broke struggling to pay our bills."

~ Greg Olear

#Musk #Trump #Putin #StockMarket #economy #Dow #Nasdaq #SandP #tariffs #recession
/9

gregolear.substack.com/p/sotu-…

SOTU STFU: How the Opposition Party Should Protest Tonight's State of the Union Address

The time for traditional party politics is over. The Democrats must become a true opposition party. And it must begin today.

^{Greg Olear (PREVAIL by Greg Olear)}

"The newspapers this morning all contain analysis pieces trying to explain why Trump is imposing 25 percent tariffs on Canada and Mexico. You can see the writers struggling, because this is a profoundly self-destructive move — it will impose huge, possibly devastating costs on U.S. manufacturing, while significantly raising the cost of living — without any visible justification."

~ Paul Krugman

#Musk #Trump #Putin #StockMarket #economy #tariffs #recession
/10

paulkrugman.substack.com/p/tru…

Trump Hates Canada for its Decency

The president lacks basic decency, and loathes people who do

^{Paul Krugman}

"Yet the conventions of mainstream journalism make it hard to say directly that the president’s actions are just vindictive and senseless. …

I don’t know how this ends. But U.S. voters will soon be feeling real pain, and I very much doubt that it will end in a Trump victory."

#Musk #Trump #Putin #StockMarket #economy #tariffs #recession
/11

"Bloomberg reported that the tariffs on Canada and Mexico are likely to make US car prices rise by as much as $12,000, since so many parts and pieces of vehicles are manufactured at plants in those countries. In his remarks today, Trump said the manufacturers are just going to have to move all their plants to the US."

~ Ron Filipkowski

#Musk #Trump #Putin #StockMarket #economy #Dow #Nasdaq #SandP #tariffs #recession
/12

meidasplus.com/p/today-in-poli…

Today in Politics, Bulletin 83. 3/3/25.

… Sen.

^{Ron Filipkowski (Meidas+)}

"The Federal Reserve of Atlanta came out with a prediction this morning that the first quarter of growth in the United States would be negative, negative 1.5. That's down from 2.8 positive growth just a month ago. That's all the time it took Donald Trump to wreck this economy. I can't sugarcoat this."

~ Jen Rubin

#Musk #Trump #Putin #StockMarket #economy #Dow #Nasdaq #SandP #tariffs #recession
/13

contrarian.substack.com/p/jen-…

Jen Rubin addresses the halting of aid to Ukraine, tariffs on Canada and Mexico

*Special Alert from the Contrarian*

^{Jennifer Rubin (The Contrarian)}

As Jen Rubin also notes, what Trump is doing to tank the economy has to be set beside his attack on Ukraine and NATO, which says,

"The message to Moscow is do what you will with Ukraine. We'll deliver them on a silver platter."

Ripping apart the federal government and tanking the economy serves no one better than it serves Vladimir Putin. These are dots that need to be connected.

#Musk #Trump #Putin #StockMarket #economy #Dow #Nasdaq #SandP #tariffs #recession
/14

"On Monday, while President Trump talked about his tariffs, Fox News showed him speaking even as a graphic in the corner displayed the markets sliding. That said it all: No matter how much boasting he does about the economy, the actual metrics are getting worse—and the public knows it."

~ Greg Sargent

#Musk #Trump #Putin #StockMarket #economy #Dow #Nasdaq #SandP #tariffs #recession
/15

newrepublic.com/article/192262…

Trump Hit by Brutal Fox News Graphic on Tariffs as More Bad Polls Land

As Trump’s announcement of tariffs causes the markets to slide—even on Fox!—Democratic strategist Simon Rosenberg reflects on whether his party is doing enough to capitalize on the moment.

^{The New Republic}

"Encouraged by the cheers of his sycophants, empowered by the silence of his enablers, Donald Trump took another step yesterday down the dishonorable and dangerous path of betraying Ukraine and siding with Vladimir Putin."

~ William Kristol

#Musk #Trump #Putin #StockMarket #economy #Dow #Nasdaq #SandP #tariffs #recession
/16

thebulwark.com/p/trump-putin-z…

What Fresh Hell Do We Have Today?

Sure, we’ve abandoned Ukraine, launched a trade war with our neighbors, and insulted close allies. But at least we’re screwing over our veterans, too.

^{William Kristol (The Bulwark)}

"And there will be further steps. The administration’s cutoff of aid to Ukraine will surely be followed by further attempts to isolate President Volodymyr Zelensky and further weaken Ukraine."

#Musk #Trump #Putin #StockMarket #economy #Dow #Nasdaq #SandP #tariffs #recession
/17

"Coincidentally, the same day Trump said tariffs on Canadian and Mexican goods would go ahead, a story broke that his administration is seeking to ease sanctions on Russia. After appeasing the bear, he has decided to drive his car into the moose. All of us are about to find out what happens next."

~ Martyn Wendell Jones

#Musk #Trump #Putin #StockMarket #economy #Dow #Nasdaq #SandP #tariffs #recession
/18

thebulwark.com/p/trump-putin-z…

What Fresh Hell Do We Have Today?

Sure, we’ve abandoned Ukraine, launched a trade war with our neighbors, and insulted close allies. But at least we’re screwing over our veterans, too.

^{William Kristol (The Bulwark)}

"It was a perfect encapsulation of the chaos that Trump has wrought. As he announced yesterday that he was going to proceed with 25 percent tariffs against Canada and Mexico and hike another 10 percent on China, a widget on the Fox Network showed the Dow Jones crashing in response."

~ Jay Kuo

#Musk #Trump #Putin #StockMarket #economy #Dow #Nasdaq #SandP #tariffs #recession
/19

statuskuo.substack.com/p/trump…

Trump’s Trade War Has Begun

Despite a 30-day reprieve and sincere efforts by our trading partners to meet Trump’s demands, he imposed across-the-board tariffs anyway.

^{Jay Kuo (The Status Kuo)}

Members of the Congressional Black Caucus [#CBC], including Illinois Rep #LaurenUnderwood, plan to wear black to the speech to "capture the party's somber mood," according to her & to reports from Axios.

Other members are planning to wear blue & yellow to show solidarity with #Ukraine, just days after #Trump ordered a pause on military #aid to the country.

#USpol #geopolitics

Some #Democrats will be wearing stickers saying #ElonMusk is stealing #SocialSecurity.

Several Dems will boycott #Trump’s speech altogether.

Me? I am having a martini to gird myself against the terror.

And that’s what I’ve decided Trump has been up to in his first 50ish days, a campaign of #terror against the citizens of the US & the citizens of planet earth.

#TrumpIsATerrorist.

🧵 reportedly, #Trump going to blame #Biden [shocker 🙄] for inflation, including egg prices specifically. The price of a dozen #eggs in US cities hit a record $4.95 in January, according to the Bureau of Labor Statistics, as millions of hens have been slaughtered in the hopes of containing a bird flu outbreak.

Not for nothing, #Musk fired the folks working on #BirdFlu & Trump has an #antivaxxer, #RFKJr, in charge of the #HHS.

Watch (if you dare) #Trump’s address to the #JointSession to #Congress:

youtube.com/watch?v=Z6zaAzNXc5…

[this soooooo gonna suck]

President Trump Addresses Joint Session of Congress

President Trump makes his first address to a Joint Session of Congress (1:18:20) since beginning his second term. Michigan freshman Senator Elissa Slotkin ga...

^YouTube

I have watched dozens of these speeches & that was the least engagement with the opposition party I have ever seen.

There was none.

#trump #JointSession

Rep. #AlGreen (D-Texas) stood up & shook his cane at #Trump & told him, “You don’t have a mandate!” Republicans almost immediately drowned him out with “USA, USA, USA” chants.

Mike Johnson just had security remove Re Green.

#resist

Brilliant! #Democrats have paddles like Olympic Judges to #FactCheck #TrumpLies!

Signs read: “False”, “Save Medicaid”, “Musk Steals”, “Protect Medicaid”, “Protect Veterans” & more.

#Ttump #JointSession #USpol

Side bar: Rep #AlGreen’s official twitter account has spent the last few days tweeting about people who committed acts of defiance: #NatTurner. #HarrietTubman. The #Democrat from #Texas’s pinned post is of the late congressman #JohnLewis.

#GoodTrouble

#JointSession #Trump #USpol

#TrumpLies are too many for me to live #FactCheck. I’ll try to deal w/that shitshow later, tho I’ll highlight a few.

E.G.
Trump just claimed he’s stopped “government censorship” & “brought back free speech in America.” In reality, Trump has signed #ExecutiveOrders that’s required the govt to scrub certain words & phrases from the public domain, dictating “patriotic education,” & just today announced that #schools would lose federal funding if they allowed students to engage in certain protests.

A lot of boos as #Trump praised #ElonMusk & #DOGE.

Trump is lying about something that he & #Musk have said before: that there’s massive “fraud” in #SocialSecurity being paid out to deceased Americans still in the system.

Analysts & watchdog groups have thoroughly DEBUNKED this crap.

The problem is neither new nor a sign of widespread fraud, but a technological issue w/Social Security’s tracking system & does not represent a source of significant spending.

#FactCheck #TrumpLies

#Trump falsely stated that #DOGE has found “hundreds of billions of dollars of fraud.” DOGE has claimed to have cut $9 billion thus far.

Trump is talking about firing federal workers & “reclaiming power from bureaucrats.” His efforts to expand presidential power by firing workers and removing independent agency leaders have been largely blocked so far in federal courts.

#FactCheck #TrumpLies #Musk #USpol

#Trump trashes the federal work force for not being at work in person since the pandemic, & says those who “resist this change will be removed from office immediately.”

The days of being ruled by “unelected bureaucrats” are over, Trump says.

#Democrats scoff & point up at the gallery where #Musk is sitting.

#USpol #FactCheck #TrumpLies

Most #Republicans stood up to applaud #Trump’s announcement that he would impose reciprocal #tariffs on April 2, but several remained seated, including Sens #LisaMurkowski (Alaska), #SusanCollins (Maine) & #RogerWicker (Mississippi).

I don’t care if they sit or stand. I want them to vote for the US interests & stop kowtowing to Trump.

#Trump claimed that his #trade policy will be “great” for the American #farmer because they won’t have to compete w/foreign producers.

Actual #farmers point out that the #US #agriculture industry produces far more corn, soybeans, pork, chicken, cattle etc. than Americans could possibly consume. Farmers say they need foreign markets, but other countries impose #tariffs on their goods in #retaliation for Trump’s tariffs. That cuts them off from the foreign customers they need.

#USpol #idiocracy

#Trump is praising a bill that Sen John Thune, the majority leader, has pushed to criminalize online “#RevengePorn.” Then he says that he could make use of such a bill himself, because no one is treated worse online that he is.

He has no idea what he’s talking about.

If anything, Trump would be the #criminal offender in this scenario, not the freaking victim.
Jackass.

Note #Democrats all applauded this bill.