Thoughts and prayers today for your 401(k)

An illustration shows a big red-carpet stripe moving downward and then making a sharp downturn. A businessman with a briefcase is standing on the precipice.

Published April 7, 2025

Administrations do bad things all the time, but this man and his stooges are toying with us. Today will be remembered for a long time. There will be more days like it.

I was so wound up last night I couldn’t sleep, so I watched Bloomberg Television’s “The Opening Bell” show after midnight while Asian markets were reacting. My screen was a sea of red.

A screenshot of Bloomberg TV shows a panel of four people in conversation amid bloody red reminders of the bloodbath going on in global financial markets.

To date, markets have fallen ~16% since Trump’s 2nd inauguration.
Here’s the same period to date for other recent presidential administrations.

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— Catherine Rampell (@crampell.bsky.social) April 7, 2025 at 3:49 PM


And that’s “just” the markets. The man-made mess is everywhere.

At the Internal Revenue Service (IRS), which ordered its workers back to the office four weeks ago, the $1 limit caused significant problems for those back in the office. www.wired.com/story/federa…

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— WIRED (@wired.com) April 7, 2025 at 8:31 AM

We knew today was coming. All of the political cartoonists had time to work on their sketches of our cartoon-villain president.

Monday’s @theguardian.com cartoon
theguardian.com/commentisfre…
#trump #tariffs #TradePolicy #tradewar #stockmarketcrash

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— Ella Baron (@ellabaron.bsky.social) April 6, 2025 at 10:59 AM

But we really need to come to an understanding and an agreement and have a reckoning about this notion that all of this is because of ONE MAN. If someone really believes that, they have misread the worst moment of their lifetime in the worst way.

From the minute he came down the escalator in late June 2015, a steady stream of people put their cowardice on full display while millions of others were emboldened to seize the opportunity to be as cruel as possible. Many, many people own this. He’s just the face of it.

A lot of people voted for him. Twice.

Speaking of that …

when people say “this isn’t what I voted for” they should be forced to list what they DID vote for

— shauna (@goldengateblond.bsky.social) April 6, 2025 at 6:55 PM

Yeah.

This is really unfair to everyone who just voted for him for the racism.

— Ken Jennings (@kenjennings.bsky.social) April 6, 2025 at 5:18 PM

After all, this is America we’re talking about.

There were public pools all over America. They filled them with concrete rather than let Black people enjoy them.

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— Melanie Dione (@thegatesofmel.bsky.social) April 7, 2025 at 7:03 AM

This is America we’re talking about.

The money is going to what now

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— Laura Bassett (@lebassett.bsky.social) April 7, 2025 at 7:52 AM

“Our client, who was in the middle of seeking asylum, just disappeared.”

Lindsay Toczylowski represents 31-year-old Andry, a gay makeup artist from Venezuela who was flown to a notorious prison by the Trump administration after seeking asylum in the U.S.

MORE: www.cbsnews.com/news/venezue…

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— 60 Minutes (@60minutes.bsky.social) April 6, 2025 at 6:53 PM

This is America we’re talking about.

Anyway, who cares about the market crashing as long as you can say whatever you want, right?

let’s check in on this wanker

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— Sasha Talebi (@sashat.bsky.social) April 7, 2025 at 11:14 AM

Anyway, back to those crashing sounds you’re hearing …

I don’t think it’s being talked about enough that Trump is basing his tariff assaults on Peter Navarro, and Navaro’s theories rest on the “research” of “Ron Varo” which is an economist he made up and cited for decades: www.youtube.com/watch?v=oP-e…

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— Clara Jeffery (@clarajeffery.bsky.social) April 7, 2025 at 8:37 AM

Here is that video in full:

They are playing with us like a child plays with a yo-yo.

It’s extremely funny how markets thought that they were saved based on a single fake tweet saying a 90 day pause is coming only for Trump to say he’s ready for a trade war with China to go all the way to an outright trade ban

— Hikouki-🫳♨️🇨🇦🇲🇽 (@hikoukihikouki9.bsky.social) April 7, 2025 at 8:29 AM

CNBC: The white House wants to make it very clear now that the president is not considering a pause [and] is full steam ahead on his tariff agenda.

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— Nikki McCann Ramírez (@nikkimcr.bsky.social) April 7, 2025 at 8:08 AM

Flood the zone with shit. Make every day an emotional roller coaster. Make people argue about whether the point is cruelty or chaos or dozens of other things underscored by incompetence and greed.

I’m sorry, but isn’t this just the Cultural Revolution 2.0? Why on earth would fired aid workers and NIH medical researchers go to work on assembly lines for worse salaries in jobs they don’t know how to do? Why are they getting their economic policy from Mao?

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— Patrick Meyers (@pmeyers7.bsky.social) April 7, 2025 at 9:23 AM

I wonder how many people don’t even know what’s going on.

Rural voters are living in an informational vacuum. Fox and OANN are not even showing the Dow, the S&P, the NASDAQ. They know their audience cannot handle any negative news but need to be constantly reinforced with nonstop pro-Republican, pro-Trump, pro-MAGA news because they can’t handle the truth.

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— jkavanagh.bsky.social (@jkavanagh.bsky.social) April 7, 2025 at 2:21 PM

Hang in there

I don’t know how this day will end, but my thoughts are with you. Today is a scary day for a lot of people, and we aren’t nearly done with the scary days. We haven’t even made it through the first 100 days of this term. Don’t be surprised if I update this later. For now, I have to see if my brain remembers how to do basic tasks.

Also: Watch out for scams. The other kind.


Featured image by Gannvector via Shutterstock.

Thank you

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And … we told you she was horrible

What a shitty person.

Never forget;
1. Bigots never stick to one type of bigotry.
2. Rowling is a supporter of the LGB Alliance, an anti-LGBTQ+ organisation claiming to be for LGB people, but instead spend money on things like a lecture claiming that the Ace is self-hating gay people from tumblr, and I am not joking.

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— Jack ‘o’ Flames (@jackoftheflames.bsky.social) April 7, 2025 at 1:49 PM


I’ll try to have something better for you soon.

 

 

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