"America is spinning quickly in the direction of Hungarian populism, Hungarian politics, and Hungarian justice. But that means Hungarian stagnation, Hungarian corruption, and Hungarian poverty lie in our future too."

#Trump #economy #tariffs #recession #inflation #stagflation #StockMarket #TaxCuts #EconomicElites #Orbán #Hungary
/12

"In fact, annual average inflation in 2023 was more than 17 percent. In 2024, the government predicted 4 percent growth; the reality was 0.6 percent. Anyone who contradicts this messaging is unlikely to be widely heard."

#Trump #economy #tariffs #recession #inflation #stagflation #StockMarket #TaxCuts #EconomicElites #Orbán #Hungary
/11

"MAGA conservatives love Viktor Orbán. But he’s left his country corrupt, stagnant, and impoverished. ...

'Please trust us,' Orbán declared in his annual state-of-the-nation speech in early 2023. “You can bet on it: By the end of the year, we will have inflation in single digits'.”

~ Anne Applebaum

#Trump #economy #tariffs #recession #inflation #stagflation #StockMarket #TaxCuts #EconomicElites #Orbán #Hungary
/10

https://www.theatlantic.com/magazine/archive/2025/05/viktor-orban-hungary-maga-corruption/682111/?gift=hVZeG3M9DnxL4CekrWGK3x9sHVa0LDGR9gcTv0mlsRo&utm_source=copy-link&utm_medium=social&utm_campaign=share

"'The president has got a heck of a lot of analysis before him, and he's gonna make the right choice, I'm sure.'

The National Economic Council is the primary group the president uses to develop domestic and international economic policy, so the fact that Hassett appears to have no idea what’s coming is concerning."

#Trump #economy #tariffs #recession #inflation #stagflation #StockMarket #TaxCuts #EconomicElites
/9

"On the Fox News Channel this morning, Director of the National Economic Council Kevin Hassett said: 'President Trump has a long run vision of a golden age of America and we’re working really, really hard to get it out there in time. But I can't give you any forward-looking guidance on what's gonna happen this week.'"

~ Heather Cox Richardson

#Trump #economy #tariffs #recession #inflation #stagflation #StockMarket #TaxCuts #EconomicElites
/8

https://heathercoxrichardson.substack.com/p/march-30-2025

"The collapse is coming—and as [Canadian MP] Charlie [Angus] warned, it’s going to hit Americans first. Higher prices. Job losses. Isolation."

#Trump #economy #tariffs #recession #inflation #stagflation #StockMarket #TaxCuts #EconomicElites
/7

"Trump is a geopolitical Ponzi schemer, running a fraud on the American people and weakening our standing in the world. But he’s not just hurting Americans. He’s also making our allies reconsider everything, from intelligence-sharing to military procurement."

#Trump #economy #tariffs #recession #inflation #stagflation #StockMarket #TaxCuts #EconomicElites
/6

~ Ben Meiselas

https://www.meidasplus.com/p/canadian-mp-charlie-angus-on-why

"Where are we headed? A recent survey of corporate chief financial officers finds 60 percent of them agreeing that we’re headed for a recession this year. Is anyone surprised? This is what Republicans do. They screw up the economy. Later down the line, Democrats get elected and have to fix everything."

~ Michael Tomasky

#Trump #economy #tariffs #recession #inflation #stagflation #StockMarket #TaxCuts #EconomicElites
/5

https://newrepublic.com/article/193360/trump-tank-economy-liberation-tariffs

"The Dow Jones suffered its worst day in weeks on Friday. … Goldman Sachs yesterday upgraded their U.S. recession risk to 35 percent … and Japan’s Nikkei index fell 4 percent during early trading this morning."

~ Simon Rosenberg

#Trump #economy #tariffs #recession #inflation #stagflation #StockMarket #Dow #TaxCuts #EconomicElites
/3

https://www.hopiumchronicles.com/p/today-is-a-do-day-mad-donalds-tariffs

"European and Asian markets tumbled Monday morning and now that the markets are open in New York, it’s a day in Trump’s America, so best not look at your 401K.

And now Canada has officially broken up with us."

~ Marcie Jones

#Trump #economy #tariffs #recession #inflation #stagflation #StockMarket #TaxCuts #EconomicElites
/2

https://www.wonkette.com/p/dear-leaders-liberation-day-of-your

"Thanks to the political muscle of white Christian nationalist Evangelicals, and the financial backing of revanchist billionaires like the Kochs, the movement that started as the Tea Party and grew into MAGA became a ruthlessly successful RINO-hunting machine, executing a hostile takeover of both the Republican Party and state governments."

~ Michael Podhorzer

#ChristianNationalism #Trump #Republicans #evangelicals #EconomicElites #billionaires #racism
/5

https://www.weekendreading.net/p/americas-second-redemption

"Trump’s belief that America holds all the cards, that the rest of the world needs access to our markets but we don’t need them, is all wrong. We are rapidly losing the world’s trust, and part of the cost will be financial."

#Musk #Trump #authoritarianism #economy #EconomicElites #billionaires #TaxCuts
/5

"One way to think about this is to say that Trump is doing to America what Elon Musk is doing to Tesla, destroying a valuable brand through erratic behavior and repulsive ideology. Did I mention that Tesla sales in Europe appear to be cratering?"

~ Paul Krugman

#Musk #Trump #authoritarianism #economy #EconomicElites #billionaires #TaxCuts
/4

https://paulkrugman.substack.com/p/teslafying-us-exports

"Rather than denounce the clear and present dangers to our country, many business, religious, media, and other elites continue to support Trump and Musk. Some do this by staying silent, while others follow hollowed-out GOP politicians and Christian nationalist charlatans in claiming that the smash-and-plunder operation masquerading as a government is 'saving the nation.'”

#Musk #Trump #authoritarianism #economy #EconomicElites #billionaires #TaxCuts #media #ChristianNationalism
/3

"We are living through processes of moral deregulation and moral collapse in America today under the authoritarian government of President Donald Trump and unelected co-President Elon Musk. Their policies are wrecking a robust national economy, paralyzing government, allying with dictators, creating conditions for the spread of disease, and abandoning the rule of law."

~ Ruth Ben-Ghiat

#Musk #Trump #authoritarianism #economy #EconomicElites #billionaires #TaxCuts
/2

https://lucid.substack.com/p/we-are-living-through-moral-collapse

"WaPo reported that over 5 million Americans work in industries that could be impacted by retaliatory tariffs from China and Canada that just went into effect, and the vast majority of them live in counties that voted for Trump. New tariffs from those two countries primarily target the agricultural, manufacturing and energy sectors."

~ Ron Filipkowski

#Musk #Trump #FederalGovernment #NOAA #TaxCuts #billionaires #EconomicElites #tariffs #agriculture #industry
/9

https://www.meidasplus.com/p/this-weekend-in-politics-bulletin-ddb

"Cuts that sound like a good idea to Elon Musk and Donald Trump have real impacts on the rest of us. That is only just beginning to dawn on people, who I’m sure you’re hearing, like I am, saying, “But I didn’t vote for this.” Trump 2.0, as I’ve written previously, isn’t a pick-your-own-adventure experience. You go to the carnival, you get all of the rides."

#Musk #Trump #FederalGovernment #NOAA #TaxCuts #billionaires #EconomicElites #destruction #chaos
/8