this post was submitted on 12 Aug 2025
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192
Trump tells Goldman Sachs CEO David Solomon to replace economist over tariff predictions (www.cnbc.com)
submitted 5 days ago by return2ozma@lemmy.world to c/news@lemmy.world
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[–] Dragomus@lemmy.world 42 points 5 days ago (2 children)

The US seems to be entering it's "Emperor's New Clothes" phase before it even throned the upcoming king.

  • Climate data is denied/scrapped
  • Medicine data is denied/scrapped
  • Job reports are denied/altered
  • Tariff damage is denied/must be altered
  • The Insurrection must not be labeled as such
  • The Epstein Files are denied and scrubbed of the name Trump
  • Crime data is altered to trumps demand.

And the list is much longer.

Next state of the union address, or whatever Trump will call it, everything will be blatant lies and everyone will go "ooohhh and aaahhhh what grandeur you have brought us", afraid of speaking out on what really is going on.

[–] phutatorius@lemmy.zip 6 points 4 days ago

It's the War on Truth.

The Devil is the father of lies.

[–] CitizenKong@lemmy.world 5 points 4 days ago

"State of the union" will be rebranded to "Beautiful state of the super-great union".

[–] N0t_5ure@lemmy.world 46 points 5 days ago

Trump continues his war on reality. The problem is that no matter how elaborate and widely believed a fantasy, eventually it will bump up against reality, and reality wins every time.

[–] tal@lemmy.today 32 points 5 days ago* (last edited 5 days ago)

“Tariffs have not caused Inflation, or any other problems for America, other than massive amounts of CASH pouring into our Treasury’s coffers,” Trump wrote in a Truth Social post.

You know, I'd chuckled at the "Truth" part of "Truth Social", but it hadn't really occurred to me until now:

https://en.wikipedia.org/wiki/Pravda

Pravda (Russian: Правда, IPA: [ˈpravdə] ⓘ, lit. 'Truth') is a Russian broadsheet newspaper, and was the official newspaper of the Central Committee of the Communist Party of the Soviet Union, when it was one of the most influential papers in the country with a circulation of 11 million.[1]

Pravda became an official publication, or "organ", of the ruling Soviet Communist Party. Pravda became the conduit for announcing official policy and policy changes and would remain so until 1991. Subscription to Pravda was mandatory for state run companies, the armed services and other organizations until 1989.[17]

As the names of the main communist newspaper and the main Soviet newspaper, Pravda and Izvestia, meant "the truth" and "the news" respectively, a popular saying was "there's no news in Pravda and no truth in Izvestia". Though not highly appreciated as an objective and unbiased news source, Pravda was regarded – both by Soviet citizens and by the outside world – as a government mouthpiece and therefore a reliable reflection of the Soviet government's positions on various issues.

[–] danc4498@lemmy.world 21 points 5 days ago (1 children)
  • Jan Hatzius, Goldman’s chief economist, warned in a research note on Sunday that American consumers will end up absorbing an increasing share of the cost of Trump’s tariffs.

I would love to see what the class distribution looks like for who is actually absorbing these costs.

[–] tal@lemmy.today 14 points 5 days ago (2 children)

From Trump Term 1:

https://cepr.org/voxeu/columns/us-tariffs-are-arbitrary-and-regressive-tax

Tariffs – taxes on imported goods – likely impose a heavier burden on lower-income households, as these households generally spend more on traded goods as a share of expenditure/income and because of the higher level of tariffs placed on some key consumer goods. This column estimates the tariff burden by income group and by family structure using a new dataset constructed by matching of granular data on trade and consumer spending. The findings suggest that tariffs function as a regressive tax that weighs most heavily on women and single parents.

1000009241

[–] danc4498@lemmy.world 6 points 5 days ago

Damn, this is exactly what I would expect though!

[–] OutlierBlue@lemmy.ca 5 points 5 days ago

The findings suggest that tariffs function as a regressive tax that weighs most heavily on women and single parents.

It's working as intended. And now he's signed his executive order making it easier to put homeless people in "long-term institutional settings". They'll be even more desperate to take whatever slave-like working conditions they can get. Imagine if you won't only lose your home, but be locked up in a concentration camp on top.

Like I said though, working as intended.

[–] phoenixz@lemmy.ca 5 points 4 days ago

Is there anything trump doesn't want to be lying about at this point?

[–] ShaggySnacks@lemmy.myserv.one 6 points 5 days ago

David Solomon "Yesss, precious Trump. We will fire them, yes, all the nasty economists, yesss."

[–] OfCourseNot@fedia.io 5 points 5 days ago

Honestly, this 'economist' had it coming. Did they think that economists' work is doing actual economic predictions? Lmao. Your work is to say what rich and powerful people want you to say.

Edit: grammar

[–] resipsaloquitur@lemmy.world 4 points 5 days ago

[–] UnderpantsWeevil@lemmy.world 4 points 5 days ago

I hate Donald Trump as a president, but God damn we could use more public officials who tell the head of a major investment bank to stick to DJing.