It’s Thursday…
President Shitshow’s public schedule for…
| Thursday, March 13 2025 |
| 9:00 AM In-Town Pool Call Time In-Town Pool |
| 12:20 PM The President participates in a meeting with the Secretary General of NATO Oval Office White House Press Pool |
| 12:35 PM The President participates in a working lunch with the Secretary General of NATO Cabinet Room Closed Press |
NATO
I’m sure the NATO meeting will go super well.
Last week, President Shitshow mused to reporters from inside the Oval Office over whether or not NATO would help if the US was in trouble, he says “I’m not so sure”…
Trump on NATO: If the United States was in trouble and we called them and said we've got a problem. You think they're going to come and protect us? I’m not so sure pic.twitter.com/6FxwLQtdiU
— Acyn (@Acyn) March 6, 2025
As we all know, NATO did come to our aid following 9/11.
Yesterday, during his press pool spray celebrating St. Patrick’s Day with Micheál Martin, the prime minister of Ireland, he was asked if America has a future in NATO.
Reporter: Does America have a future in NATO?
— Acyn (@Acyn) March 12, 2025
Trump: NATO has to treat us fairly..
*Fox cuts away* pic.twitter.com/fUxvB5cbrE
Fox Entertainment did in fact cut away as he was continuing his comments on NATO.
“Lies Social”
Well, gang, I really wanted to skip over tariffs, but President Shitshow can’t help himself from using his favorite word “tariff”…
“Nasty 50 percent Tariff on Whisky”…
About that tariff….
The 50 percent tariff are retaliatory tariffs in response to the 25 percent tariffs on steel and aluminum.
As the WSJ explains:
The EU said it plans 50% tariffs on imports of American whiskey, motorcycles and motorboats starting April 1, hitting some of America’s best-known products including Kentucky bourbon and Harley-Davidson motorcycles. Other goods facing new or raised import duties at the beginning of the month include cranberries, garden umbrellas, tablecloths and handkerchiefs, the bloc said.
A second set of EU levies is due to take effect in mid-April. An initial list of goods ranges from American chewing gum to poultry, beef, white chocolate, soybeans, carpets and watermelons. The bloc said it would consult with member states and stakeholders before completing that list.
WSJ.com. 03/12/2025.
Funny how they are “NASTY” tariffs when other people do it, but solid economic policy when President Shitshow does it.
As a reminder…
Trump negotiated both trade deals with China and the USMCA with Canada and Mexico.
— Newshound (@NewsiesNeighbor) March 8, 2025
China https://t.co/wO4HuP0an3 (2019 trump archive).
USMCAhttps://t.co/eOKRfQL61f (2020 USTR dot gov.)
So, is Van Drew saying trump made "horrible" deals?
As expected the markets are once again experiencing unrest…
A Democratic Rep from Kentucky Morgan McGarvey talked to CNN about the EU tariff on Whisky.
In the clip he discusses the first term of President Shitshow’s trade war, stating that during that nightmare with only a 25 percent tariff in place from the EU, it cut their exports in half.
Rep. Morgan McGarvey: "I just heard Larry Fink use fancy words to say, 'Oh, people are uncertain right now.' Now, we are certain. These tariffs are disastrous for the bourbon industry … this is jobs." pic.twitter.com/jMi3vmgZAx
— Aaron Rupar (@atrupar) March 13, 2025
The new talking point from the White House is this is a transitional time for the economy. You know, cause former President Joe Biden’s economy was so fucking horrible…
BLITZER: If the president's economic policies are working, why aren't Americans feeling it yet?
— Aaron Rupar (@atrupar) March 13, 2025
REP. LISA McCLAIN: He's got a big mess up to clean up from the previous administration, and he's only been in office a little more than 50 days pic.twitter.com/zhMx8GyZvv
Narrator: It was in fact not horrible; things cost more. But overall the economy was humming along nicely.
In news from “Lies Social” that’s only sort of about tariffs.
Aaron Rupar says this interview with WSJ Editor in Cheif, Emma Tucker, might be the reason for President Shitshow’s ire.
This is probably the interview that set Trump off on Truth Social this morning — Wall Street Journal Editor in Chief Emma Tucker criticizing Trump's economic policies on Maria Bartiromo's show, saying executives are "floundering" because of them, and adding that prices will go… pic.twitter.com/ESYqz4QGro
— Aaron Rupar (@atrupar) March 13, 2025
Show more =’s the whole text cause it didn’t work out separating it; This is probably the interview that set Trump off on Truth Social this morning — Wall Street Journal Editor in Chief Emma Tucker criticizing Trump’s economic policies on Maria Bartiromo’s show, saying executives are “floundering” because of them, and adding that prices will go up for consumers because of tariffs
In the clip they mention an article about CEO Frustration with Trump; it’s not called that online at WSJ.
How business leaders talk about the Trump administration in private has been markedly different than what they are game to say in public. The dissonance was on full display here this week.
Early on Tuesday, dozens of corporate executives and others assembled at a Yale CEO Caucus not far from the White House just as news emerged that the Trump administration planned to potentially double tariffs on steel and aluminum from Canada. Those in the room responded with a mix of groans and shocked laughter.
[snip]
In an impromptu poll at the Yale event, the CEOs made it clear that things would have to worsen significantly before they publicly criticized the president. Asked how much the stock market would need to decline for them to speak out collectively, 44% said it would have to fall 20%. Another 22% said stocks would have to fall 30% before they would take a stand.
Plenty want to say nothing under any circumstances: Responding to the same survey question, nearly a quarter of CEOs said they didn’t see it as their role to publicly push back against the administration. On questions about national security, CEOs were more open to critiquing the president.
CEOs Don’t Plan to Openly Question Trump. Ask Again If the Market Crashes 20%. (online title); Appeared in the March 13, 2025, print edition as ‘CEO Frustrations With Trump Over Trade Mount—in Private’. 03/12/2025.
Horace shared the following Wall Street Journal article Is Trump Taking a ‘Liquidationist’ Approach to the Economy?, in the comment section that lucky enough for me Halodoc remembered so that I could share it with you.
During President Trump’s first term, stocks rode high on the belief that he would always pull back on policies that led to a selloff. Now, the administration is making a much tougher pitch: that even if tariffs and budget cuts cause a period of havoc, there are unexpected gains to be made on the other side.
The problem is there isn’t much evidence to make investors believe that. Indeed, such views edge close to the “liquidationist” approach historically espoused by laissez-faire economists, and most infamously associated with former President Herbert Hoover’s Treasury secretary who advised him to let the economy fall.
The S&P 500 has lost 7.5% over the past month, and the technology-heavy Nasdaq is down a larger 10.2%. Both indexes have had particularly steep falls this week, after Trump declined to rule out a recession this year. The S&P 500’s consumer-discretionary sector, which includes economically sensitive industries such as automakers, retailers and hotel chains, has fallen 13.1% in a month.Cumulative change in stock pricesSource: FactSetNote: The Dax is a total-return index
Wall Street Journal. 03/12/2025.
My hot take on the CEO’s; fucking cowards are too scared of President Shitshow’s bad words via “Lies Social” they won’t publicly call him out. Bastards.
Note: I have once again subbed to the Wall Street Journal all the links, I’ve shared should be gift links; the ones linked in the articles are likely paywalled.
Well, gang, that took me longer than I expected.
So, we will stop there and plow ahead to Friday…
This is an open thread
