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.

  • Ferrous@lemmy.ml
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    5 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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      5 days ago

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