Summary

Trump’s campaign warnings of an economic crash under Kamala Harris have resurfaced as markets plunge under his own administration.

In 2024, Trump predicted a “1929-style depression” if Harris won. Now, following his April 2 “Liberation Day” tariff hikes, global markets are collapsing.

The Dow fell nearly 350 points, while major international indices dropped 8–13%. Critics call the crash ironic and self-inflicted, with “every accusation is an admission” trending online.

Economists warn Trump’s trade war and unilateral tariffs could trigger the very recession he once forecasted under Democrats.

    • TheLowestStone@lemmy.world
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      5 days ago

      The number of people who believe they have the moral high ground because they “didn’t vote for genocide” would be funny if it wasn’t for all of the genocide going on.

      • JeeBaiChow@lemmy.world
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        5 days ago

        What? They assured me the candidates were equivalent! I mean, a cucumber is equivalent to a rotting corpse, isn’t it?

      • Tinidril@midwest.social
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        5 days ago

        Maybe the people committing a genocide while trying to defeat a fascist in an election should have thought of that. Seriously, unless you also spread the blame to the Biden/Harris campaign, you are being pro-genocide yourself.

        • TheLowestStone@lemmy.world
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          5 days ago

          They ran a terrible campaign and spent way too much time courting the right and parading out war criminals as allies. They almost definitely would not have done anything meaningful to stop the genocide in Gaza. Feel better now?

          You shouldn’t because the current regime is accelerating that genocide, starting their own genocide of trans people, disappearing legal residents, destabilizing the global economy, dismantling our educational systems, and toying with the idea of World War 3. Before you shriek “BOTH SIDES” again, maybe ask yourself if Harris would be threatening to invade Greenland right now. You also need to recognize that until our entire electoral system changes, not voting for the lesser evil is often equivalent to voting for the greater evil.

          • Tinidril@midwest.social
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            5 days ago

            Feel better now?

            Why the fuckity fuck would I feel better? You are reading something into my post that just ain’t there.

            Before you shriek “BOTH SIDES” again

            Read my post and tell me where I said any such thing, nevermind shrieking it, oh, and stop being a twat. This bullshit is just as bad as the thought terminating cliches of the right.

            I voted for Harris. I also knew that the “we are a bit less fascist” narrative would never drive turnout as well as the “we are the good guys” narrative because I’m a fucking adult who lives in the real world. I was there for Harris and she failed me.

            Note that I argued that the Democratic politicians should be blamed TOO. Yes, voters fucked up badly. Yes, this regime is a nightmare. I never denied either. However, getting votes is the job of a politician, and not committing genocide is the job of everyone.

            • TheLowestStone@lemmy.world
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              5 days ago

              Read my post and tell me where I said any such thing, nevermind shrieking it, oh, and stop being a twat.

              Right here:

              Seriously, unless you also spread the blame to the Biden/Harris campaign, you are being pro-genocide yourself.

              • Tinidril@midwest.social
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                4 days ago

                Spreading the blame for losing between American voters and Democratic politicians somehow equates Democrats and Republicans? Connect the dots for me.

                • TheLowestStone@lemmy.world
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                  4 days ago

                  No thanks. I’ve had a really long day and you haven’t said anything interesting so I don’t feel the need to continue to engage with you.

          • Tinidril@midwest.social
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            4 days ago

            If you didn’t know Netanyahu was on the ballot then you need to get your head out of your ass. Regardless, Biden shipped the weapons, participated in the coverup, and started the crackdown on free speech on college campuses. If someone gets killed in the commission of a crime, we charge everyone involved with that murder - even if they only supplied the weapons.

            • Cornelius_Wangenheim@lemmy.world
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              4 days ago

              Huh, let me check the ballot again. Nope, Netanyahu was not on it in 2024. It doesn’t look like he got a single vote.

              I did find 2 candidates who both wanted to remain allied to a rather odious country known for human rights abuses and bombing large numbers of civilians. I’m talking about Saudi Arabia, of course.

              • Tinidril@midwest.social
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                3 days ago

                You know this isn’t Reddit, right? You and your fellow bots can downvote me all you want. I won’t miss the karma.

              • Tinidril@midwest.social
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                3 days ago

                So, I’m supposed to believe that you have no idea how “on the ballot” is regularly used in politics to refer to something that is not literally written there? Please. There is no way you are that obtuse.

                As for Saudi Arabia, sure. It’s not what we were discussing, but all the problems I have with Israel can easily apply in some form to Saudi Arabia, with one exception. Support for SA was not polling in a way that was a concern for the election - which is the topic we were discussing. (Well, what everyone else was discussing. I don’t know what the hell you are doing.)

                • Cornelius_Wangenheim@lemmy.world
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                  3 days ago

                  Perhaps you should ask why people didn’t give a shit when the US was supporting SA in Yemen but suddenly cared deeply when it was lose-lose for Democrats. Why did Netanyahu refuse to sign a ceasefire until after the election? Why was no one calling Trump Genocide Don back when SA was bombing Yemen or now that he’s announced plans to ethnically cleanse Gaza?

                  As for what I’m doing, I have zero desire to rehash the same script again and again.

          • Tinidril@midwest.social
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            4 days ago

            Maybe explain it to me. Explain how politicians doing things they know will hurt their chances don’t share responsibility when they lose to a fascist.

            American voters get a lot of shit, and most of it is deserved, but they aren’t all that different from people everywhere. If liberalism accurately captures anything it’s that society is a system of inputs and outputs. Liberals get that there is no conflict between crime being a matter of individual choices and a result of societal factors. Elections are the same thing.

            Yes, I do blame disengaged and uneducated voters for the state we are in, but that doesn’t absolve the politicians (Republicans and Democrats in different ways and to different measures) for the outcome we are living through.

    • Grimy@lemmy.world
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      4 days ago

      The democrats could have avoided fascism!

      Only they chose genocide instead.

      The voters are a blatant scape goat. The dems pissed away their chances of winning either through brutal incompetence, complete disconnect with their voters or deep seeded corruption. They put the interest of a foreign genocidal nation over those of all Americans.

      Blaming normal people that felt conflicted about genocide does nothing. Even worse, it will probably lead to getting the same kind of apathy driven platform next election.

      • sporkler@lemmy.world
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        3 days ago

        I remember when their entire policy was 100% we’re going to go kill children and it’s the US doing this and not a foreign nation, so make sure to vote for the fascist who supports genocide but also wants to make the victim give up it’s territory for a resort area as well instead.

        no, wait, that was the russian and chinese social engineering shifting the narrative so dumbfucks could feel justified in voting away their own rights not to be deported to Salvadorian internment camps.

        or maybe you’re a russian, I don’t know. If so, good job, you got us good.

        • Grimy@lemmy.world
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          3 days ago

          Is it the Russian and Chinese that bribed the dems to run with it too? Lol

          They could have, idk, stopped selling bombs to a genocidal state and condemned them instead. To pretend how they approached it wasn’t a massive fuck up is silly.

          • sporkler@lemmy.world
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            3 days ago

            Bribed them to follow established policy,? Nope, but you’re naive if you believe any politician would have done any different when weighing options against political investment. I do believe it was Israel itself that was pushing the narrative that Biden was committing these acts to divorce their own involvement after the initial topic was broached. The investment in resources into Israel for decades to have at least a semblance of a foothold into a very politically volatile and traditionally unstable region seemed like something that couldn’t be thrown away because back in those days (before the current administration) I believe that the politicians were still banking on using America’s stability to try to calm the aggressions and not completely lose the investment that had already been dumped in over the past several administrations. All of the politics behind it really don’t matter at this point anymore, because nobody could possibly still see this country as a stable political force again for at least another 40 years (if we were to suddenly get a competent leader all of a sudden.)

            /Imho

      • Ferrous@lemmy.ml
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        4 days ago

        Liberals will continue to scapegoat voters because it allows them to evade hard-to-swallow truths. It allows them to use political apathy as a means to explain fascism because otherwise, they’d have to start taking hard stances on American capitalism that are not compatible with their liberal framework. I often wonder how these people think fascism arose in Germany, or in general. According to the liberal framework, Nazism arose either because Germans were not adequately “enthusiastic” about Hitler’s political adversaries, because of foreign meddling, etc… Never will you hear them take the next step and start to wonder how capitlalism (and specifically capitalist crisis) gives rise to fascist movements because that would be incompatible with one of the foremost pillars of liberalism: freedom of the market. Once you start to talk about German Nazism in terms of results of the great depression, German nationalism as a result of WWI, German industrialization, historical analysis, etc… their eyes will just glaze over. As the devolution continues, we’ll see them use increasingly mystical language as they waffle to explain fascism without invoking any semblance of class-based analysis. We’ll see them grasp for reasons: is there a nationwide trump cult? Is it russian spies? Is it fox news? Is it Joe rogan podcasts? Is it lead from the gasoline 70 years ago? We will never see them ask what the only logical conclusion is to a settler colonial nation that was founded exclusively by 20-something, white, male, landowning, slavers for the sole reason of doing massive genocide on native Americans.

        These people are watching the fascist devolution happen in real time, so they’re just digging in to the Hamilton musical vibes of american exceptionalism. Once shit starts getting real bad, I fully expect them to take the scapegoating to the extreme. They’ll start selling out and calling ICE on the Muslim and Arab Americans in Dearborn who refused to vote for a candidate who promised to slaughter their brothers and sisters in Gaza, Lebanon, and beyond. Since, according to their framework, these Dearborn voters who withheld votes for democrats ultimately helped usher in fascism. They’ll start selling out leftists as shit gets bad - exactly as they did in fascist Germany.

        All the while, Marxists have perfectly predicted not only this devolution, but they foresaw how liberals would react. Fascism os not some enigmatic, nebulous concept that comes out of nowhere, but a predictable outcome of capitalist crisis; Marxism gives you the tools not only to predict it, but to fight it.

        To the liberals still removed about leftists who wouldn’t vote for biden or kamala: Constituents wanted an end to genocide. Biden and Kamala ignored constituents. Biden and Kamala lost. That is how democracy works. This outcome is more American than apple pie.

        • Ledericas@lemm.ee
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          4 days ago

          im not going to take advice rant from an ML account, your views are way to skewed to even taken seriously.

    • NatakuNox@lemmy.world
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      4 days ago

      The genicide was going to happen regardless. No one issue cost the dems the election. And if they want to win another election they’ll address issues including genicide.

      • Ledericas@lemm.ee
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        4 days ago

        nah, it was ongoing every presidency, the election never took notice, until kamala was the candidate, then russian backed misinformation push it to the forefront of every news network, and made it a “problem”. ive said it on reddit both parties and the constituencies have arnt that concerned with the conflict as much as domestic issues, the protest against gaza vote made was very small part of the voting population anyways.

  • variants_of_concern@lemmy.one
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    4 days ago

    I remember a friend saying that kamala was going to release all these criminals because she was against for profit prisons, then trump released all those criminals and crickets

  • frunch@lemmy.world
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    5 days ago

    “If Kamala wins, you are 3 days away from the start of a 1929-style economic depression,” Trump posted on November 2, 2024. “If I win, you are 3 days away from the best jobs, the biggest paychecks, and the brightest economic future the world has ever seen.”

  • barnaclebutt@lemmy.world
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    4 days ago

    Are you telling me that an asshole like Trump also projects? Jeez it’s like the dude constantly lying, is also constantly lying, and maybe insecure.