99
submitted 1 year ago by mar_k@hexbear.net to c/news@hexbear.net

“By placing massive and disproportionate tariffs on our friends and our enemies alike and thereby launching a global economic war against the whole world at once, we are in the process of destroying confidence in our country as a trading partner, as a place to do business, and as a market to invest capital,” Ackman wrote.

He argued that Trump should consider calling a “90-day time out” that would allow him to negotiate and solve “asymmetric tariff deals, and induce trillions of dollars of new investment in our country.”

If that doesn’t happen and instead the U.S. launches “economic nuclear war on every country in the world, business investment will grind to a halt, consumers will close their wallets and pocket books, and we will severely damage our reputation with the rest of the world that will take years and potentially decades to rehabilitate,” Ackman wrote.

“What CEO and what board of directors will be comfortable making large, long-term, economic commitments in our country in the middle of an economic nuclear war? I don’t know of one who will do so.”

Ackman predicted that if markets crash, “new investment stops, consumers stop spending money, and businesses have no choice but to curtail investment and fire workers.”

you are viewing a single comment's thread
view the rest of the comments
[-] huf@hexbear.net 26 points 1 year ago

eh, after trump, we'll probably hear a lot of breathless shit about "america is once again the leader of the free world" as the dogs come crawling back

[-] sfxrlz@lemmy.dbzer0.com 22 points 1 year ago

Burning bridges is fast, rebuilding isn’t. Even though money seemingly helps. Yet they’ve opened the can, may they choke on the worms.

[-] huf@hexbear.net 14 points 1 year ago
[-] sfxrlz@lemmy.dbzer0.com 9 points 1 year ago

Let’s wait. I all out of hoping for now. Shit has been finding ways to surprise me in ways, it’s worse than I expected. And I almost exclusively expect the worst I can imagine.

[-] Lochat@hexbear.net 16 points 1 year ago

Of course. History doesn't rhyme, it fucking repeats. As Trump term 2.0 proves.

In fact, it repeats in cycles so fucking short that you'll go through 15-20 fucking "Groundhog day" presidencies in your lifetime. Just the absolute dumbest shit that was already proven the term before, with nothing learned and nothing improved, repeated until finally, the empire dies, the nightmare ends, and we can all finally die. A-fucking-men. Yes we can. Hope and Change! (On record admitting he "governed like Reagan, and he was 100% honest in that, to his credit) It was her turn, because it was her turn. Then a colossal failure. Then, next? Well, it was her turn, because it was... her turn! Same god damn shit with a different name. Loser careerists who care nothing except about their next promotion, or the next committee they can lead, against true-believing sociopaths either wanting to destroy America to create a feudalist society or even (somehow) bigger true-believing sociopaths trying to earnestly bring about, in their broken minds, the end-of-times and rapture.

It's not going to change until we die, then we get peace. Finally. Because it's never going to be her turn and it isn't ever going to be the rapture and hope and change sounds nice, and it'll happen, but it's a futile hope and an negative change. I guess the silver lining (heh) is at some point, we might become a truly feudal society, and someone wins and breaks the cycle. I guess I know who I'd bet on, if I had to. But then, that also means I also know who I'd redacted if I could.

So, that's something.

this post was submitted on 07 Apr 2025
99 points (100.0% liked)

news

24740 readers
644 users here now

Welcome to c/news! We aim to foster a book-club type environment for discussion and critical analysis of the news. Our policy objectives are:

We ask community members to appreciate the uncertainty inherent in critical analysis of current events, the need to constantly learn, and take part in the community with humility. None of us are the One True Leftist, not even you, the reader.

Newcomm and Newsmega Rules:

The Hexbear Code of Conduct and Terms of Service apply here.

  1. Link titles: Please use informative link titles. Overly editorialized titles, particularly if they link to opinion pieces, may get your post removed.

  2. Content warnings: Posts on the newscomm and top-level replies on the newsmega should use content warnings appropriately. Please be thoughtful about wording and triggers when describing awful things in post titles.

  3. Fake news: No fake news posts ever, including April 1st. Deliberate fake news posting is a bannable offense. If you mistakenly post fake news the mod team may ask you to delete/modify the post or we may delete it ourselves.

  4. Link sources: All posts must include a link to their source. Screenshots are fine IF you include the link in the post body. If you are citing a Twitter post as news, please include the Xcancel.com (or another Nitter instance) or at least strip out identifier information from the twitter link. There is also a Firefox extension that can redirect Twitter links to a Nitter instance, such as Libredirect or archive them as you would any other reactionary source.

  5. Archive sites: We highly encourage use of non-paywalled archive sites (i.e. archive.is, web.archive.org, ghostarchive.org) so that links are widely accessible to the community and so that reactionary sources don’t derive data/ad revenue from Hexbear users. If you see a link without an archive link, please archive it yourself and add it to the thread, ask the OP to fix it, or report to mods. Including text of articles in threads is welcome.

  6. Low effort material: Avoid memes/jokes/shitposts in newscomm posts and top-level replies to the newsmega. This kind of content is OK in post replies and in newsmega sub-threads. We encourage the community to balance their contribution of low effort material with effort posts, links to real news/analysis, and meaningful engagement with material posted in the community.

  7. American politics: Discussion and effort posts on the (potential) material impacts of American electoral politics is welcome, but the never-ending circus of American Politics© Brought to You by Mountain Dew™ is not welcome. This refers to polling, pundit reactions, electoral horse races, rumors of who might run, etc.

  8. Electoralism: Please try to avoid struggle sessions about the value of voting/taking part in the electoral system in the West. c/electoralism is right over there.

  9. AI Slop: Don't post AI generated content. Posts about AI race/chip wars/data centers are fine.

founded 5 years ago
MODERATORS