MY OPEN LETTER TO PRESIDENT TRUMP
— Shay Boloor (@StockSavvyShay) April 5, 2025
The frustrating part is that I was on board for a reset. Truly. I’ve said it publicly. I’ve written about it in this very feed. I understood the need for a detox. For decades, the U.S. economy played the part of the rich guy at the table –… pic.twitter.com/0s4XppWGnF
Markets and businesspeople hate uncertainty, and this is uncertainty cubed.
In short, the Trump administration officials are so gung-ho on the tariffs because they are not a negotiation and also are a negotiation, because they are permanent and also temporary, because they will be a lasting source of new revenue for the government and also a declining…
— Jim Geraghty (@jimgeraghty) April 7, 2025
The only certainty we had before was the hollowing out of our middle-class due to jobs & manufacturing fleeing overseas. As unsustainable as our debt-bomb. I don’t really feel for Wall St. Consider it a buying opportunity.
My greatest fear is that our adversaries decide they can wait out a one term president. And so our tariffs only punish without the requisite negotiation phase. Probably our greatest constitutional flaw right now is the length of a presidential term. 4 years is clearly not enough time. 8 is barely enough. Maybe we should extend the presidential term to 6 years, max of two terms or 12 years.
The time crunch is why Trump is moving with urgency. He has to squeeze two terms into one.
There is also the Stray Voltage tactic at play, which adds to the confusion.
China strikes back!
They never miss, the bee that is
OTOH 6 years is way too long to wait to replace a Bidenator.
OK, so this is going to cause TDS heads to explode. But what about amending the 22nd Amendment to allow a president to serve 3 terms max. At 4 years per cycle that’s a total of 12 years tops.
4 terms for US House
3 terms for US Senate
3 terms for US President
Or for the Democrats, every 4 years skip the primaries and pick someone at random at the end of July.
There’s no need for an amendment–the 22nd seems to be carefully worded to allow and end run if the president is popular enough (run as VP with the understanding that the nominal president would resign). This was floated as a way to let The 0 have a third term. It would pretty much trigger a civil war under current circumstances
That’s so bogus. Grow a pair and amend the damn thing. We can’t because we’re too corrupt and/or chickenshirt.
The last sentence of the 12th amendment scuttles that idea:
But no person constitutionally ineligible to the office of President shall be eligible to that of Vice-President of the United States.
Yes..your likely right about that; while it might be easier to get folks onboard for a Constitutional Convention it would be a nightmare to get it done before 2028.
But:
“4 terms for US House
3 terms for US Senate
3 terms for US President”
You forget to mention federal judges’ lifelong appointment and they don’t even have to be elected by the people in the first place. I would say your 3 Senate terms ~18yrs is good enough for that lot.
If the Republicans somehow win big in the midterms coming up Amending is a distant possibility.
Also, assuming the State legislatures break the right way there’s the oft talked about constitutional convention. You just might be able to get more support for a constitutional convention then simply repealing the 22nd amendment.
Repealing the 22nd Amendment is only a single clause in a follow on amendment that imposes term limits on all Constitutional officials. Including judges and justices.
Geraghty is as full of it as Cramer.
Yeah, it’s hard to get excited about toasters being a couple bucks cheaper when the US toaster factory was closed and production moved out of the country. The people touting this sort of thing most loudly are almost always those who’ve never done a real day of work in their lives.
Trump’s always been clear he wants industry to come back to the US. How feasible that is in a global economy of deeply poor people is, at least conceptually, another problem. But it’s worth noting that it’s not just a US thing; the EU’s internal version of the same issue is well known, if not talked about by the bien pensants.
As do I and I’m buying.
People should be a little freaked out but also remember the market goes through corrections every several years.
Right now, everything is too divided based on people’s views of Trump and we won’t get any dispassionate analysis. Trump didn’t break the market, he broke the collective OODA loop.
This is a good thread and he will be doing an interview today.
https://www.hudson.org/events/chairman-council-economic-advisers-stephen-miran-trump-administrations-economic-agenda
https://x.com/SteveMiran/status/1856745675943207362
Any other person as president and/or any other group would have changed absolutely nothing and continued to kick the can down the road. The debt load is unsustainable in the not too distant future. Not doing anything…not changing anything…is a sure fire recipe for utter financial disaster as well as social disaster.
Trump is doing a lot of things – not just adjusting tariffs. For example, he’s refinancing the debt at a lower rate – like any smart homeowner would do.
There is no guarantee that Trump’s plan will work but a lot of it makes sense to me and I think it has a very good chance of working.
But Congress needs to get off it’s collective butt and get moving.
Globalism is a dead end. The Trump administration is clearly reconfiguring the US for a multi-polar world where the US is strong and self-sufficient in our continent. Tariffs are the economic part of that reconfiguration. Those who complain the most are aligned with the globalist multi-national corporations.
American stock, bond and commodities markets ceased even pretending to be repositories of collective wisdom four decades ago when the earliest forms of program trading appeared and the volume of robot trades quickly swamped those made by actual human beings.
These days, “the market” mainly reflects the “collective wisdom” of a few dozen “quants” who work for the big banks, brokerages, hedge funds and aggregators like Black Rock. They all went to either Harvard or MIT and they all live in the tonier precincts of Manhattan.
Most of the time, they imagine “the market” to be under control – theirs. It’s only at times like this, when some Black Swan event – in this case, Trump’s second term – makes it plain that they are not entirely in charge that they lose their shit and their minds and run in circles, yelling and shouting.
With luck, maybe at least a few will emulate their near-century-gone predecessors and make a final use of some of the more prominent features of the famed Manhattan skyline. One can only hope.
As far as tariffs are concerned I go with the opinion that if tariffs were super bad when why do the other countries have them and at levels that exceed ours?
Obviously they consider the tariff imbalance to be in their favor.
A lot of the screaming commentators and lefties never stop to think.
Like the Reagan years, is the Zero Option on the table?
From what I have read Zero Option is the ultimate objective…no tariffs and free trade.
Does that include repealing the “chicken tax” on small trucks?
Import tariffs on trucks in response to export tariffs on livestock/poultry is just one example of a completely asinine trade structure.
Finally got back into TSLA. I bought some at the beginning of 2024, when people began to try and tank Musk’s stocks. It was great, because it was about $100, and the company was solid. However, after I doubled my money in a few months, I dropped out, thinking it wouldn’t double again. Well, it did. But it is back down. I’ll hold it for awhile. Even if it halves, I think it will come back. And if I get uncomfortable, I’ve watched it make 5% swings weekly, so I can ride the lifts on the roller coaster.
“With luck, maybe at least a few will emulate their near-century-gone predecessors and make a final use of some of the more prominent features of the famed Manhattan skyline. One can only hope.”
Someone had a song back in 2008. “Jump, you fvckers”
Ha! Missed that one. But then I’ve paid little or no attention to what passes for “popular music” since the late 80s.
The genius of how Trump operates in situations like these is that after forcing them to the negotiating table from a position of strength, Trump then makes a deal with that that is good for everyone…not just the US. He knows better than to force them into a bad deal…everyone prospers. The other side walks away with a deal that is good for them too.
Unless you are Iran, of course.
Or Kim Jong-Un….