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AM Quickie

Economy Tanks, Trump Does Golf - The Friday AM Quickie 4/4/25

Another day, another sociopathic millionaire CEO tries to strangle a man on a cruise ship. It's like a metaphor I tell you! - Corey


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THE BIG NEWS

Trump Pivots to Saudi Golf Deal After Lighting Global Economy on Fire

Wall Street analysts estimated yesterday that Donald Trump's global trade war declaration and the imposition of tariffs of up to 56 percent on imports to the US from overseas wiped out somewhere between $2 trillion and $2.5 trillion of stock market value in a blink. The message of the markets to those in the know was clear. "It's a vote of no confidence on 100 days of Trump," Francesco Pesole, ING currency strategist tells the Financial Times. Trump inherited an economy that the Wall Street Journal calls "the envy of the world," only to oversee the most layoffs since the pandemic and singlehandedly trigger a global recession – or worse.

Vice Bootlicker JD Vance minimized the market nosedive as "one bad day," which won't fool anyone whose retirement is tied up in a 401(k). Trump himself is demented or delusional. "I think it's going very well," he told reporters yesterday. "The markets are going to boom, the stock is going to boom, the country is going to boom." He spoke on his way from the White House to his Miami golf club, where he dined with Saudi investors, lending his influence to their hostile takeover of professional golf. Priorities!

Though his advisors offer a flurry of contradictory messages, Trump calls the tariffs a negotiating tactic. He told reporters yesterday that he would ease up on tariffs "if somebody said that we're going to give you something that's so phenomenal."

Let's ask, because the mainstream press won't: Is he soliciting "phenomenal" bribes? Because nothing about this economy-wrecking policy makes sense. It isn't just that Trump imposed tariffs on remote islands populated only by penguins. The "embarrassing" method used to calculate the tariffs baffles economists, with some calling it simply "insane."

Pretty soon, Americans won't need economists to explain why they are poorer today than they were yesterday. Prices for groceries – "an old-fashioned term," Trump explains, meaning "a bag with different things in it," and including, of course, eggs – are going to skyrocket. So will the cost of clothing, cars, and electronics. The job market will get even worse. People who can afford it are rushing to buy needed goods before Trump's tariff tax hits. But, as NBC News reports, low-income people will suffer worst.

Politics is the only way to fix this "astonishing act of self-harm." New York Democratic Rep. Gregory Meeks is introducing a resolution to end Trump's "made up national emergency," which the White House decreed to justify the tariffs, and force a vote from the Republican House majority. Senate Democrats are also preparing a measure to end what Minority Leader Chuck Schumer calls "the dumbest and most avoidable recession, probably in history." Congressional Republicans know their fates are tied to Trump, and some are approaching the end of his second-term honeymoon rather philosophically. As Republican Sen. John Kennedy of Louisiana told CNN yesterday, "In the long run, we're all dead."

Laura Loomer Takes Charge of National Security

Longtime observers of MAGA loons will remember Laura Loomer as the unhinged fascist flirt who handcuffed herself to Twitter's headquarters in 2018 to protest her ban from the website for Islamophobic hate speech. Those who tuned in during the last presidential campaign know her for inspiring salacious rumors after Donald Trump repeatedly invited her to ride his jet. It seems Trump still can't get enough Loomer. The Washington Post and the New York Times report that she visited the Oval Office on Wednesday carrying "a sheaf of papers" attacking "disloyal" members of Trump's National Security Council who she claims have "sabotag[ed]" him. Trump responding by firing six NSC officials. Asked about it by reporters, Trump called Loomer "a very good patriot" and said, "We're always going to let go of people — people we don't like or people that take advantage of, or people that may have loyalties to someone else."

Loomer's advice also prompted Trump to fire the head of the National Security Agency and US Cyber Command, Gen. Timothy Haugh, the Post and the Times confirmed yesterday. She reportedly told Trump that Haugh was "handpicked" by former Joint Chiefs of Staff chairman Gen. Mark Milley, whom Trump wants executed. Loomer calls it "an honor to meet with President Trump and present him with my research findings" and says she will continue her work to protect Trump "and our national security." Feeling safer yet?

Jealous: South Korean High Court Removes President Yoon Over Attempted Coup

In a unanimous decision, South Korea's Constitutional Court yesterday removed impeached right-wing president Yoon Suk Yeol from office. Acting Chief Justice Moon Hyung-bae said Yoon "committed a grave betrayal of the people's trust" when he declared martial law four months ago, an attempted power grab that lasted only six hours but nonetheless "created chaos in all areas of society, the economy, foreign policy." The court's decision prompted celebrations and protests; some 20,000 police were deployed across the country in anticipation of the ruling. Yoon still faces separate criminal charges. Prime Minister Han Duck-soo, the country's acting leader, pledged to ensure "a smooth transition to the next administration" after elections are held within the next two months, the Associated Press reports. Congratulations to the people of South Korea!

QUICKEST QUICKIES

  • Trump Gives K-12 Schools 10 Days to End Civil Rights and Desegregation Programs or Lose Federal Funding "Of course there's a deadline. This is only the latest fire drill in a campaign of chaos and fear," says Liz King, head of education policy at the Leadership Conference on Civil and Human Rights. via NBC News and the New York Times.
  • No Democrats Defect as Senate GOP Confirms Mehmet Oz to Run Medicare and Medicaid The quack TV doctor "did not address concerns over multiple potential conflicts of interest he may face as head of CMS, including questions over a health benefits company he co-founded with his son, his prior advertising for weight-loss drugs and his history of endorsing supplements." via the New York Times and the Washington Post.
  • Israeli Bombs Kill 100 Palestinians in 1 Day, Including 27 Sheltering at School "I don't know why they need any more bombs, they've basically destroyed the entire area" of Gaza, Vermont socialist Sen. Bernie Sanders said on the Senate floor yesterday, before colleagues voted down his resolution to block another $8.8 billion arms transfers to Israel. via the Associated Press, HuffPost, Drop Site News, and the Washington Post.
  • Courtroom Smackdown: Judges Block Trump El Salvador Deportations, Public Health Cuts Meanwhile, 19 Democratic state Attorney Generals filed a joint lawsuit to block Trump's "unconstitutional, antidemocratic, and un-American" order establishing a poll tax in the form of required voter ID in federal elections. via the New York Times, Politico, and the AP.

SOME NUMBER

284

That's how many tornado warnings the "critically short-staffed" National Weather Service issued on Wednesday, a near-record. Severe storms across the South and Midwest have already killed at least seven people, and forecasters are warning about the risk of flash floods – and even more tornadoes."

ON THE SHOW TODAY

4/4: We talk to David Dayen from The American Prospect and Organized Money podcast about Trump's tariff-pocalypse. Happy Friday!

DON'T MISS MR CLIPS‌

Fox News Host Goes Full Moron

It's your patriotic duty to suffer.

Marco Rubio: Due Process of the Law Doesn't Matter

Mask off time.

PARTING WORDS

"Pay attention to me."

-- That's the meaning of a "high-hoot" grunt in the language of bonobos, the closest closest living genetic relative to humans among apes, according to a groundbreaking new study published yesterday in the journal Science. Other grunts, yelps, and hoots may mean things like "let's do that," "I am excited," and "let's stay together." The study's lead author, Mélissa Berthet, spent six months in the Democratic Republic of Congo recording 400 hours of bonobo speech in order to translate it for the first time.


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