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