Is Trump killing several birds w/ a single stone?
On Friday, Forbes ran a story headlined, “Oil Prices Drop 7% To Four-Year Low As Tariff Fallout Sparks Recession Fears.” In other words, pre-Biden oil prices are somehow bad news. Only to Forbes, though. Since oil prices affect the cost of everything, plunging fuel prices predict still lower grocery store bills.
Wall Street is crying— but Main Street is dancing.
This is quickly exposing one of the great hypocrisies of the age: the Democrats, long self-branded the “people’s party,” are the ones most hysterical about the stock market. Just as the pandemic revealed their indifference to actual working people, today’s Wall Street freakouts expose where their real loyalties lie.
For 80% of Americans, ‘stock portfolios’ consist of a package of double-stuffed Oreos, a bag of slowly dissolving onions, and whatever else is in the pantry at the moment. So when Democrats cry about “market instability,” they’re not defending the working class. They’re defending fund managers, billionaires, hedge funders, donor classes, and Congressional stock speculators. In other words, their people.
💰 But consider this. Is the stock market adjustment a bug or a feature? Trump called it “medicine,” but what is he treating? He said the market medicine would treat “something,” like a vague placeholder standing in for a diagnosis he knows but won’t name. So let’s take a swing at filling in the blank.
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Trump has already defanged the deep state by turning off its taxpayer cash-to-NGO spigot. So we know he’s laser-focused on stripping our enemies’ financial weapons. But what about the money they already stole? Money they can use to create mischief, fund paid protests and lawfare, and otherwise hogtie the agenda? The billions Biden pumped into their networks over the last four years?
That money isn’t sitting around in zero-interest checking accounts. They didn’t use it to buy Costco gold bars, either.
Those billions of hoovered-up taxpayer money that Biden lavished on leftwing NGOs is almost certainly invested in the stock market. Could this ‘adjustment’ —and let’s be honest, it’s a long overdue correction— be intentionally aimed at draining the progressive war chest and also pre-emptively popping the overpriced market bubble that Trump inherited?
In other words, the medicine will fix both the market Trump inherited and drain the progressive war chest that funds paid protests, lawfare, election subversion, and every alphabet NGO ending in “justice” or “equity.”
Since the Obama era, financial bigwigs like Warren Buffett have rung alarm bells about overheated stock prices. The problem was intensified by big bailouts and market manipulation (like SPACs) that added nothing to underlying values while the DJIA spiraled ever higher, ever closer to the Sun. The markets teetered on the high wire of unbelievably risky FAANG stocks, wherein seven tech companies hog the first third of the entire Dow Jones’s value.
Last year, Warren Buffett famously liquidated most of his portfolio into cash. Well before the election. No press conference. No panic. Just $334 billion dollars saying, We’re getting off this rickety roller coaster.
Trump’s enemies—media pundits, establishment economists, champagne-globalist think tankers— publicly and often hoped he’d walk right into a Wall Street trap: an overpriced, overstimulated market ripe for correction, just in time for him to own the crash. The Dow was frothy, valuations were stretched, and recession whispers were already in the air when he stepped back into office.
Could Trump at once be fixing the markets and also fixing the Democrats’ slush funds for good? Are those the things the medicine fixes? The timing fits. If medicine like this must be taken, then it’s best to choke it down early in the presidential term. We haven’t even hit 100 days yet.
You’d think at least one of the “experts” would remember the last sixteen years of warnings about the sky-high Dow. But don’t hold your breath waiting for fake news to explain it.
Luckily, we’ve got other ways to get the message out now.
Trump said, “Hang tough, it won’t be easy, but the end result will be historic.” And if he pulls this off — if he resets the stock market, starves the slush funds, and rebuilds the markets on the back of real, global trade deals instead of reckless financial gimmicks — then he won’t just make America great again.
He will make history. And I, for one, plan on enjoying every minute of it.
https://www.coffeeandcovid.com/p/trump-sneezed-monday-april-7-2025
