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senseandsensibility

(25,797 posts)
Sun Apr 6, 2025, 02:29 PM Apr 2025

Can someone translate this for me?

This morning on Meet the Press:
Welker: The markets lost more than $6 trillion in value. Was this disruption always part of the plan?
Bessent: We had record volume on Friday and everything is working very smoothly. So the American people can take great comfort in that.

As trump spends days golfing with the Saudis and ignoring this crisis, this is the message the WH IS willing to send to the American people.

Seriously, what does it mean?

20 replies = new reply since forum marked as read
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Can someone translate this for me? (Original Post) senseandsensibility Apr 2025 OP
They dont care. That is all. OLDMDDEM Apr 2025 #1
I was shocked to hear somewhere senseandsensibility Apr 2025 #4
Nothing surprises me anymore. OLDMDDEM Apr 2025 #5
K&R spanone Apr 2025 #2
I listened to that guy for a couple of sentences I had to quit because I was losing my mind Walleye Apr 2025 #3
He had a real zoned out quality senseandsensibility Apr 2025 #6
"If it bends, it's funny. If it breaks, it's not funny." LudwigPastorius Apr 2025 #7
"Everything is going as planned." louis-t Apr 2025 #8
The beatings will continue until morale improves central scrutinizer Apr 2025 #9
Bingo senseandsensibility Apr 2025 #11
Not so bizarre. The magats will hear it and think it means something. Scrivener7 Apr 2025 #20
Top Trump Official So Freaked Out by Tariffs, He Wants to Quit chowder66 Apr 2025 #10
The billionaires who sold high in this cycle did quite well. n/t John1956PA Apr 2025 #12
Now they're just waiting..... lastlib Apr 2025 #18
It's bullshit. The magats are all putting a pretty face on huge drop in the market. They're shocked... brush Apr 2025 #13
Two ways to look at it. Renew Deal Apr 2025 #14
I'll Go With B ProfessorGAC Apr 2025 #15
Yup senseandsensibility Apr 2025 #16
You've just fallen out of an airplane with no parachute, but you've not hit the ground yet. You're okay. Maru Kitteh Apr 2025 #17
Finding sanity in their loony bin is not possible. GreenWave Apr 2025 #19

senseandsensibility

(25,797 posts)
4. I was shocked to hear somewhere
Sun Apr 6, 2025, 02:42 PM
Apr 2025

that this guy is an actual economist of some kind But I think you're right. Sometimes the simplest answer is the correct one.

Walleye

(45,677 posts)
3. I listened to that guy for a couple of sentences I had to quit because I was losing my mind
Sun Apr 6, 2025, 02:35 PM
Apr 2025

Everything he said was total gibberish. He wouldn’t answer the question if they asked him what his name was, I swear.

senseandsensibility

(25,797 posts)
6. He had a real zoned out quality
Sun Apr 6, 2025, 02:45 PM
Apr 2025

that was unnerving as well. Brainless happy talk for the masses, I guess.

senseandsensibility

(25,797 posts)
11. Bingo
Sun Apr 6, 2025, 03:02 PM
Apr 2025

Remember that was her actual question. And he answered it. But the "volume" thing is bizarre.

Scrivener7

(60,215 posts)
20. Not so bizarre. The magats will hear it and think it means something.
Sun Apr 6, 2025, 04:50 PM
Apr 2025

They know their audience. They know how to use their audience's stunning idiocy to their benefit.

chowder66

(12,588 posts)
10. Top Trump Official So Freaked Out by Tariffs, He Wants to Quit
Sun Apr 6, 2025, 03:01 PM
Apr 2025

Treasury Secretary Scott Bessent may be planning to cut and run after Donald Trump’s disastrous “reciprocal tariff” announcement earlier this week.

During an appearance on MSNBC’s Morning Joe Friday, contributor Stephanie Ruhle reported that the key Cabinet member is already looking for an escape hatch.

“My sources say that Scott Bessent is kind of the odd man out here and, in the inner circle that Trump has, he’s not even close to Scott Bessent or listening to him,” Ruhle said. “Some have said to me, he’s looking for an exit door to try to get himself to the Fed, because in the last few days he’s really hurting his own credibility and history in the markets.”

To be sure, Trump’s tariff policy represents a sort of defeat for Bessent, a former hedge fund manager who entered office under the delusion that he might actually succeed in stopping Trump from wrecking the economy. Should he flee the administration now, he would likely forfeit what little credibility remains.

more....
https://newrepublic.com/post/193634/donald-trump-treasury-scott-bessent-tariffs-quit

lastlib

(28,744 posts)
18. Now they're just waiting.....
Sun Apr 6, 2025, 04:14 PM
Apr 2025

to swoop in with that offshore cash to buy back in at the low "Everything is going according to plan." THEIR plan, not yours. For THEIR benefit, not yours.

As the great Mr. Carlin said, "it's a club, and you ain't in it." You just get hit with it.

 

brush

(61,033 posts)
13. It's bullshit. The magats are all putting a pretty face on huge drop in the market. They're shocked...
Sun Apr 6, 2025, 03:05 PM
Apr 2025

just like everyone else and are dreading what will happen tomorrow.

trump's tariffs are creating an upheaval to the whole world's economy and the magats don't know how to fix it.

ProfessorGAC

(77,473 posts)
15. I'll Go With B
Sun Apr 6, 2025, 03:29 PM
Apr 2025

First, with these folks, there are never plans. Only impulsive ideas that get pushed through.
Second, they actually thought everyone in business & finance would be overjoyed with this move & they are surprised (the only ones) that this "genius" has been met with a negative reaction.
Hence, the sudden spin about "short term pain, long term gain". They never emphasized that before the reaction happened.
He's just avoiding giving an answer because there is no good one.

senseandsensibility

(25,797 posts)
16. Yup
Sun Apr 6, 2025, 03:35 PM
Apr 2025

I wish Kristin Welker would just say "What does that mean?" or "How does high volume change the fact that six trillion dollars was lost?" There doesn't seem to be much appetite to pin these people down, even by our elite "journalists".

Maru Kitteh

(32,041 posts)
17. You've just fallen out of an airplane with no parachute, but you've not hit the ground yet. You're okay.
Sun Apr 6, 2025, 03:44 PM
Apr 2025

The administration would like you to notice that there has been a large change in elevation, but your fall has been smooth so far, and you are still breathing fairly normally, if you would just please stop screaming.




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