World Now Knows POTUS is Both Weak and Dumb

[Walker88]

Using his own speaking style, POTUS should be saying this:

 

“Nobody knows less about dealmaking than me. Many people are saying I’m the worst dealmaker ever. Nobody has ever seen anything like it.”

 

Call him the Spelunker-in-Chief, because all he does is cave, cave, cave.

 

He first revealed his tariff plan---actually more a concept of a plan---with his specially prepared big board, listing countries and the rates they would be charged. He looked so proud of himself, like a potty-trained child showing mommy what he just dropped in the toilet.

 

The stock market tanked.

 

He caved, announcing a 90 day moratorium.

 

The markets continued to tank, as everybody---except POTUS---knew the various effects tariffs would have. Initially there was fear in the auto world, as so many parts are sourced internationally.

 

He caved, saying auto parts would not be tariffed.

 

The markets continued to tank, especially tech, as everyone knew---except POTUS---that the US sources chips, switches, commo equipment, circuit boards, etc., internationally, and these go into everything from medical equipment to robotics to defense weapons to aircraft....things the US still manufactures.

 

He caved, removing a host of high tech products from the tariffs. At this point about all that was left under the threat of tariffs were sneakers, t-shirts and Christmas ornaments, and those will never be manufactured in the US, so POTUS would eventually either pull those tariffs, too, or else be the cause of inflation on everything Walmart offers to the common folk of MAGAstan.

 

Despite brief dead cat bounces, the markets continued to tank, with bonds and the dollar added to equities. The US, under POTUS, was being viewed as unreliable and even irrational.

 

POTUS had a new bad idea, as he is the quintessential fount of bad ideas. He decided the US needs lower interest rates, despite the inflation the falling dollar and his across the board 10% tariffs were going to cause. He began to rail against the Fed Chief, even sending a message on social media calling Jerome Powell a “total loser”, which is one of four primary epithets he throws at folks who criticize him or stand in his way, along with “low IQ”, “deranged”, and “crooked”.

 

The markets tanked again.

 

POTUS, informed by the precious few members of his Administration who might be competent, as well as CEOs in banking and finance that threatening the Fed’s independence would be bad both domestically and internationally, caved. He announced he had no plan to fire Jerome Powell, despite his “total loser” status.

 

Though the markets stabilized a little the tariff threat still spooked them. China was seen as holding all the cards for a number of reasons. One is that they provide so many products needed all across the US economy, both at the wholesale level and in what manufacturing the US still does. China can also hurt US farmers by sourcing elsewhere. China also is the key supplier to many nations, and it can exert influence over those nations to the detriment of the US. Finally, China holds trillions of dollars in US Treasuries, and has the power to do great damage to the US economy by effecting interest rates. Clearly the Fed would not cover for POTUS’ stupidity by printing money, should Chinese sales of US assets drive rates higher, because that would lead to even greater inflation and loss of confidence in the world’s reserve currency.

 

Perhaps POTUS was apprised of the reality of China holding the better hand, so he went spelunking yet again, announcing his China tariffs of 145% were “temporary”.

 

Now the market is beginning to expect that soon POTUS will announce “Never mind” on all that tariff talk, and he’ll have to come up with new ways to MAGA. I suspect his next idea will be starting a war, such as with Iran, in the hope it will make him look strong and make up for the weakness and idiocy he has demonstrated so clearly with his economic policy concept. Then again, he might see how dependent the US is on Chinese rare earth elements and announce an invasion of Greenland. (We’ll know of any attack plans well before they occur, as his SecDef will boast about it on his private phone via a hackable commercially-available app.)

 

In the meantime, POTUS will lie about all the countries coming to “kiss his ass” and negotiate deals, but rational non-MAGAs and non-members of the cult know full well he is negotiating from a position of weakness. The 184 countries under his original tariff threat will play him like a fiddle, likely coming away, at most, having made empty promises, which they will subsequently ignore.

 

He lost. Bigly. Sadly, the damage has been done. The US has lost allies, respect and influence. The US can no longer be a trusted partner in anything, from economic policy to standing up against aggression, such as what Russia has done in the Ukraine which the US is now abandoning. The entire world now knows POTUS is both weak and an idiot, besides not believing in freedom and democracy.

 

As for the markets, it’s a good idea to sell into these relief rallies, because the economic fundamentals have changed, equities are still overvalued, and more stupidity is undoubtedly on the horizon, as the same clown remains at the helm.

 

Better for all if the spelunker finds the deepest cave possible and goes to hide until 2028. His ongoing presence only results in carnage.