- cross-posted to:
- news@lemmy.world
- cross-posted to:
- news@lemmy.world
Summary
Despite initial support from business leaders, many are expressing concerns about the economic outlook under Trump’s second term.
Executives from Ford, GM, ON Semiconductor, Point72, and Citadel have voiced frustration over the uncertainty created by Trump’s tariff policies, particularly their unpredictable implementation and exemptions.
Auto industry leaders warn that 25% tariffs on Canada and Mexico would devastate U.S. manufacturing. Other concerns include reduced immigration affecting labor force growth and DOGE’s federal workforce cuts.
The White House dismisses the concerns and defends Trump’s policies as "pro-growth.”
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ONLY because it impacts their bottom line. Not because they think any of his other policies are insane. Not gutting the government healthcare programs, not firing veterans and other federal workers, not his immigration policies, and definitely not the traitor trying to align the US with Russia.
That’s all completely correct, but –
Isn’t it amazing that these “paragons of business” failed to recognize that Little t would be bad for their bottom line in October 2024? Because I sure the fuck did, and I am no “paragon of business.”
Just wait till he starts picking single winners within each industry, and it’s not one of their companies. They’re all so shortsighted. Just like the SCOTUS. What use is a rubber stamp if you’re a totalitarian? None.
I’m starting to think CEOs and the ultra wealthy are fucking idiots who just got lucky.
Lucky by birth or lucky by happenstance or both.
I think it takes a certain kind of idiot to want to be obscenely wealthy.
For example: look at Trump and Musk. For all their grifting do they actually seem happy? They are spending so much time and energy on their bullshit when Trump would rather be golfing and Musk would rather be playing video games.
They could both just do that. They have more than enough money to never work another day yet they are desperately trying to increase their Capitalism High Score and have the admiration of the public.So it takes a certain kind of idiot to have that much wealth and keep working for more, and the world is full of idiots. Some small % of them get lucky and fail their way to success, and people fail to notice the “Survivor’s bias” of the whole thing.
Always has been.
this is faux outrage. they dont really care as when the crash hits, they can continue buying up everything at a reduced price.
this is theater to appease rednecks
A few will be able to buy up corporate assets from the many who end up being forced to sell low.
They all believe they’ll be the few.
They simply assumed they were exempt or could become exempt for a donation. I still think it’s the plan.
The CEOs are ultimately only employees. They do the bidding of the oligarchs and those are OK with overthrowing democracy.
It’s not uncommon for a CEO to be a major (if not primary) shareholder, as well as board chairperson.
They are the oligarchs.
Some of them are, but most are not.
Yup CEO’s work for the company. The board of directors are the significant owners in most cases.
CEOs* work for the company
Thing that was obviously going to happen happened? Remarkable, who could have predicted this
It’s like these billionaire CEOs’ salaries aren’t merit based.
Soon we can just start calling it Trump’s Recession.
If anything can get this guy to change his overall tune, it’s the money of his broligarchs
The tax cuts were made permanent.
People with money don’t have to pretend to care anymore.
They will be, but they haven’t been made permanent yet.
If only they could have known in advance that the man who constantly screamed that he was going to deport all the migrant workforce, fire most of the federal workforce, and slap tariffs on any country that refused to capitulate to his every whim would hurt the economy!
I wonder if they were just too blinded by greed to act rationally or were under the impression that they can control Trump enough to keep the economy afloat.
Probably both. He promised tax cuts for the wealthy, and they thought he’d be easily manipulated like last time. Unfortunately for the rich his Russian handlers want the economy destroyed and they’re the only ones he’s beholden to.
Maybe just stupid.
Yeah sure, after they all voted for him, and probably love the tax cuts for the rich and corporate entities.
They want to crash the market so they can buy everything up at a huge discount.
These are the same idiots that claim capitalism in America is merit based. This was all obvious long in advance, and they sit here with their surprise Pikachu faces like the rest of the chronically uninformed rubes.
You pricks wanted him too, because you donated to his campaigns. What’s wrong? Is he TOO GOOD for you?
Why?
Did their smart business sense fail them when they went all in on Trump?
Who would have thought chaos is terrible for business.
Newsweek could report that the sky was blue, and I’d still look for a second source before believing it.
this!
Let’s see if they can do anything about it.
This is literally the only thing that could turn the tide on trump. Fuck with people’s money and they will find a way to gut you.
Edit: the people here being the CEOs.
That’s just in general too. Once the checks stop coming in, that’s when people will start wanting answers.
