Trump's worst fear is that he will be compared to Herbert Hoover... [View all]
Or so he has said.
But if Hoover had possessed Trump's authoritarian tendencies and had been willing to manipulate the stock market and the oil supply, he may have been spared some of the criticism from the Great Depression.
Trump is on thin ice. Both get to deal with the tariff issue. Hoover had the Smoot/Hawley Act to work with and Trump has his worldwide tariffs. There is no reason to believe the tariffs will work any differently this time around. Prices have gone up and there are shortages, especially fruits and vegetables. How long before people are selling apples on the street corner for $2 each?
I have not seen many economists that are gung ho about the future economy. The AI "revolution" is driving the present economy, in my opinion, and it is just a matter of time until that bubble bursts. It will not be pretty.
Trump may actually accomplish something? He may make Hoover look brilliant before it is all over?
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