Trump Goes on Truth Social Spree as Stock Market Freefalls
www.thedailybeast.com
The president posted over 100 times in the span of six hours.

Summary

As the stock market plunged Monday due to Trump’s trade wars, he spent the day posting on Truth Social.

The Nasdaq fell 4%, its worst drop since 2022, while the S&P 500 lost nearly 3%. Major tech stocks, including Tesla, saw significant losses.

Trump posted over 100 times, endorsing his tariffs despite investor panic. A White House official dismissed the sell-off as irrational fear.

Commerce Secretary Howard Lutnick insisted a recession is unlikely. Trump avoided a clear recession prediction, calling the economy’s shift a “transition.”

  • TransplantedSconie@lemm.ee
    65·
    2 days ago

    “Look, this cliff we’ve intentionally drove off is nothing! The fact that we are plunging 300 feet straight down is an irrational fear you’ll all have to get over. pulls out unwrapped, slightly used Worthers Candy, anyone?” - Howard Lutnick.

    • mrbutterscotch@feddit.orgEnglish
      36·
      2 days ago

      We have literally arrived at 1984 levels of lies and delusion, it’s incredible. And all the MAGA’s are willingly falling for it…

      • MataVatnik@lemmy.world
        9·
        2 days ago

        They spent the last ten years yelling 1984, I thought they were criticizing it, I didn’t realize that they were actually chanting what they wanted.

    • ddh@lemmy.sdf.orgEnglish
      1117·
      2 days ago

      Biden’s Cliff was there for four years, he should have done something about it!

      Edit: damn, forgot the /s…

        • YarHarSuperstar@lemmy.worldEnglish
          1·
          2 days ago

          I know you’re joking (and it’s funny) but this is maybe true in a way (not exactly a “thanks Obama” way to me because i doubt he could have expected this insane timeline) if you’re talking about how he made fun of 45 at the White House Correspondents Dinner which is speculated by some to have been a key moment in what happened to ultimately end up with 45’s having become president and leading to all this. I don’t really believe this is as important as some say, in my opinion it may have accelerated what was likely to happen already (end stage capitalism (🤞, sort of))

  • Dimmer@leminal.spaceEnglish
    31·
    2 days ago

    American people willingly join truth social and get brain washed is another level of 1984 I don’t understand.

    • Catma@lemmy.world
      10·
      2 days ago

      There are only 2 types of people on Truth social. Nazis and people reporting on the Nazis on truth social. No one is joining Truth Social expecting to get anything other than Nazi propoganda.

      • YarHarSuperstar@lemmy.worldEnglish
        1·
        2 days ago

        I fear this is too charitable an estimation of the average US citizen’s ability to spot propaganda. I genuinely worry some people are fooled by how it’s all wrapped in the flag and not understanding the dangers of nationalism or the alt right pipeline just fall for it and end up buying in, not because they were inherently a bad person, but because they were easily fooled (the main cause of which I believe is that they were intentionally not taught critical thinking skills and media literacy as those skills more easily allow us to see through the various illusions, and the same goes for emotion regulation skills, empathy, and an understanding of marginalization and intersectional politics, which protect against the coordinated effort by the system(s) and those with power to attempt to turn us against each other and see others as non-human, but that’s a whole huge conversation (that I’m willing to have but not necessarily publicly; feel free to reach out if you intend to have a good faith conversation))

    • RowRowRowYourBot@sh.itjust.worksEnglish
      5·
      2 days ago

      Jesus another Eu-diot who just doesn’t get it. Truth social is where you get the unfiltered truth directly from Trump. What could possibly be a more direct and accurate representation of the truth than what Trump tells you himself? Why would Trump, a man who wins at everything, need to lie? That’s what the lamestream media is for!

      /s but sadly so many believe this to be true.

  • alaphic@lemmy.world
    302·
    2 days ago

    I mean there are only a few real hard and fast rules you have to follow in life (imo):

    1. Don’t talk about Fight Club
    2. No pre-orders, No exceptions
    3. Don’t fall in love with the stripper
    4. Don’t believe the politician’s promises

    Strippers and politicians are like two sides of a coin in that one pretends to love you but is just going to fuck you and the other is a stripper.

    It’s really just not that hard guys.

    • Verdant Banana@lemmy.worldEnglish
      71·
      2 days ago

      while the democrats watch us all getting trained by Republicans doing nothing just like when they have the driver’s seat

  • DaddleDew@lemmy.world
    8·
    2 days ago

    He’s blaming Biden for the decline while claiming that his tariffs are going to save the economy. Those tariffs are exactly what is causing the decline in the first place, especially with the moronic way he is trying to implement them that is driving investors and business away from the US. He will drive the US economy into the ground until his entourage turns on him.