It took 24 hours, but somebody got to donny

[senseandsensibility]

He now "has no intention" of firing Jerome Powell.
Fool backs down again. How ANYONE, including Wall Street, can take anything he spews as meaningful in any way is beyond me.

[vapor2]

1. Seems like a few cracks in congress or cabinet

[Disaffected]

2. More market manipulation, intentional or

not.

[misanthrope]

7. Considering what we've seen so far

that is the most likely answer. Expect Trump to do something in about three weeks to send the market into another nosedive, right after he and his pals short sell.

[Irish_Dem]

12. Word on the street is that the Trump spawn are making a killing with market manipulation

and insider trading, etc.

And all those tariff deals with foreign countries involve the countries spending money
on Trump spawn companies.

[Paladin]

30. I'm sure the market manipulation isn't limited to the Dim Sons.

I'm confident that trump and his entire filthy regime are in the process of pocketing billions, while doing their utmost to burn the nation to the ground. They're making virtually no effort to cover their tracks. All the more reason for us to get busy, publicly opposing them.

[Irish_Dem]

33. Yes of course it is crime syndicate and the other mobsters are getting rich too.

MTG did insider trading, Kristi Noem is waving around large amounts of cash
like it is monopoly money.

YEs they are not even hiding it.
But I think there are some crimes so bad they are hiding them.

[Paladin]

35. I'm confident there are plenty of hidden crimes.

It wouldn't be a trump regime, without them.

[Irish_Dem]

36. I agree. The ones they hide must be very very bad.

Since they do so many crimes right out in the open.

[Irish_Dem]

13. Definitely intentional. The Trump Crime Syndicate doesn't miss a trick when it comes to stealing money.

[DENVERPOPS]

40. I have to believe

that by far, the biggest grift ever was committed by spawn Ivanka and her accomplice Jared.

The amount they made off of taking control of the PPE during the Covid Pandemic and selling it, Jared repeatedly selling information to the Saudi's Royalty, etc etc etc.

Hell, Jared's last sell to the Saudi Royalty was worth TWO BILLION DOLLARS alone.

Those two made several fortunes, and daddy could only sit and watch them beat him at his own game.
I can only imagine what Ivanka has over his father, allowing her and Jared to do anything they want without cutting Daddy in on the take.......

[Irish_Dem]

42. Jared was the money man, the bag man from Day One.

The minute the Orange F-Wad came down the escalator, Jared famously said we are going to
monetize all of it, every single bit of it. And then of course he also famously said during the deadly
Covid pandemic that all the federal medical resources belonged to him and Trump. And he sold
US taxpayer funded medical supplies to rich foreigners. Pocketed the cash.

And of course Ivanka's Chinese factories got special treatment when Trump was in office.

The $2B is just the money we know about.
Can you imagine how much hidden wealth they have stolen?

Usually a mob boss always gets a cut of profits, even from his kids.
No one can make more money than he does.

But Jared and Ivanka would most likely be hiding their ill gotten gains from Daddy to some extent.

[allegorical oracle]

46. Agree. Think it's classic "poop and scoop" manipulation --

“Poop and scoop” occurs when a small group of informed people attempts to drive down a stock's price by spreading false information, rumors, and otherwise damaging information. They spread “poop” so they can then buy or "scoop" the stock at a lower price. They can purchase the stock at bargain prices if they're successful because the overall marketplace will have sold off the security and this causes the price to fall dramatically.

“Poop and scoop" is generally frowned upon by securities exchange regulators and it can be prosecuted by the U.S. Securities and Exchange Commission (SEC).

https://www.investopedia.com/terms/p/poopandscoop.asp#:~:text=%EE%80%80%E2%80%9CPoop%20and%20scoop%E2%80%9D%EE%80%81%20occurs

[Disaffected]

47. It appears to be cyclical,

Poop & Scoop followed by Pump & Dump. Repeat as long as it works or caught.

[DENVERPOPS]

49. The SEC

never nails the WHITE MALES, but the SEC had to nail poor MARTHA, just to tell her that she shouldn't have tried to do what they do on a MUCH larger scale........

[Skittles]

3. translation

he found out he CAN'T fire him

[dhol82]

4. That would never stop him

He probably found out that firing him would truly destroy the country.

Tater Tot wants to leave a fucking legacy. Yeah, not ever gonna happen.

[senseandsensibility]

6. I agree that that would never stop him

Somebody scared him with the facts about what would happen if he did that. And that he would be blamed.

[Skittles]

19. he doesn't give a damn about destroying America

he is pimping for Putin

[EndlessWire]

26. I agree.

I'm not sure he can't fire him, even though it's an independent institution, or whatever. I think somebody said there was a way. However, the biggest takeaway is that he would absolutely destroy the banking system. So, I agree that the bastard was persuaded to back off.

He is so ugly and hateful. He always says the most vile things about people that won't do what he wants. He did this right when he needs someone to blame for the destruction of the economy, and inflicting the losses of people's nest eggs just to get money for himself and his buddies. I wonder who he will try to blame next. He's probably staying up at night figuring it out.

[Irish_Dem]

14. Telling Trump he can't do something only makes it more like he will do it.

Somebody got to him, maybe flattered or manipulated him with cash.

[UTUSN]

5. K&R

[ShazzieB]

8. Every time he does back down about something is a victory, afaic. ✌️

Even though he'd die before admitting he made a mistake, I am always cheered when I hear he's backpedaled on something. It's like a tiny ray of hope.

[AllaN01Bear]

16. no, dont want vance who is far worse.

[ShazzieB]

20. Vance is bad, but different bad.

I don't think every Republican in congress would be terrified of Vance the way they are of Schlump, and I don't think Vance necessarily has the undying devotion of the MAGA cult. In other words, I think he'd likely be a less formidable adversary.

Also, I am not sure we completely know where Vance stands on a lot of things. He used to speak disparagingly of Schlump, until he decided to hitch his wagon to Schlump's star as veep. With Schlump out of the way, I suspect Vance would change his tune about some things. Right now, he says whatever Schlump wants him to say, because he needs to stay on old Orange Face's good side. If he no longer had to do that, we might see a different side of him.

I also think a Vance administration would probably be less chaotic and more rational in a lot of ways. (I don't really see him accepting Musk as a "co-president," for one thing!) Vance would also have less power to make all his wishes reality, for the reasons outlined in the 1st paragraph, above.

In short, I don't think he would necessarily be worse, and I think he might be easier for Democratic leaders to deal with. I'm definitely less afraid of him than I am of Schlump.

[róisín_dubh]

23. I agree. He has zero charisma...

Populist leaders generally need charisma to gain their following.
Vance has the personality of wet dog shit

[mwmisses4289]

24. So does the dumpster fire, but he has a following.

I think Vance would be just as bad, if not worse. And I can see magats shifting allegiance to him if the dumpster fire continues to go up in flames. Got own those evil libtards, dontcha know.

[ShazzieB]

43. Yes, Trump has a following all right.

That's because he does have a certain kind of charisma that has a powerful effect on some people. It doesn't work on all of us, but it works like gangbusters on a certain segment of the population. There's no way he would have been able to build such a devoted following otherwise. I don't pretend to understand it, but the evidence is right in front of our faces. He also has a forcefulness and confedence that Vance lacks. One reason he can get credulous people to believe everything he says is because he speaks with such complete confidence.

If Trump was out of the picture, some of the cult would shift allegiance to Vance, but I don't think he would be able to maintain it for very long. Whatever weird kind of charisma Trump has, Vance utterly lacks any whatsoever. I don't see him being able to keep millions of people under a spell the way Trump has.

Obviously, we're not all going to agree on the "Which one is worse" question, and I'm fine with that. It's all hypothetical at this point anyway. One thing we can all agree on is that they both suck!

[NJCher]

25. Good analysis

I would also add that Vance is insecure about his commitment to MAGAT -type crap. One minute he’s for it, the next minute he’s questioning it.

He never comes up with anything for their cause on his own. He thinks his job is just to support Trump policies.

[ShazzieB]

41. Absolutely.

I suspect he really doesn't believe a lot of the things he says. He just says them because he has to, to avoid incurring the wrath of Schlump and his cult.

I do believe he's staunchly anti-abortion and thinks women should be having babies instead of careers. He was saying that stuff before he ever got involved with Trump. But a lot of the words that come out of his mouth now are Trump's words, not his own.

[exboyfil]

27. Craven or a true believer

His sugar daddy is gay and his wife is of Indian descent and a Hindu. He is from the same part of the country as me. He grew up lower middle class and he served in the military. He went to a state school but Ivy League for his law degree. If he wasn't such a whack a noodle on so h many positions he would be an attractive candidate. How does he live with his fact that his wife is going to burn in hell for all eternity.

[liberalla]

17. I know what you mean -- and I agree!

[Ohioboy]

9. Little Donnie needs Powell for a scapegoat

If Little Donnie fires Powell he won't be able to blame him when he (Little Donnie) ruins the economy.

[malaise]

10. Sherrod Brown Will be on Chris Hayes discussing this

Backdown😀

[senseandsensibility]

11. Thanks!

I'm recording it and will watch later.

[maxsolomon]

15. Powell's term ends soon enough. 2026.

We should be solidly in the midst of a recession by then, and MFer's approval ratings will be subterranean.

Real Money will insist he not nominate a fucking lunatic (Navarro) to chair the Fed.

[jmbar2]

18. Insiders loaded up twice today

Once, ahead of the "leak" from a supposedly private speech given by Bessent saying that the China tariff situation was unsustainable. Occurred at 11:55EST. S&P surged 55 pts

Link to tweet

Then a second time, just ahead of the opening at futures 5:55pmEST when TFG said he wouldn't fire Powell. Futures open up 100pts! Lots of orders were just waiting there for the opn.

[kimbutgar]

21. If he fires Powell the market will collapse

And a lot of Wall Street supporters will lose even more money. Even his mar a lago cretins will be hurt.

Mr. Powell is the last guardrail.

[Blasphemer]

22. Yes and THANK YOU Elizabeth Warren for saying it publicly. nt

[raccoon]

37. Yes! It has already been said, maybe here

That if Trump could fire Powell, then he would hire some flunky ass licker of his to lower the interest rates and fuck everything up for everybody except maybe the billionaires.

Somebody said Powell‚s term ends in 26. if that is so I sincerely hope that the president isn’t the one to appoint a new person in his place

[mdbl]

28. I am sure there are those who are profiting from it.

Of course, he's dismantling the SEC so we'll never find out.

[twodogsbarking]

29. Sure seems like a sign of, well, weakness.

[ecstatic]

31. In a weird way, I guess investors are training him?

🙄

"Like a dog," as tRump would say.

[Old Crank]

32. Who in the administration made money

by buying stock before the announcement yesterday????

[DallasNE]

34. His Only Core Principle Is Power

So when one tactic fails he just shifts to a different tactic. No big deal.

[the_liberal_grandpa]

38. China Has Us By The Balls

but the felon is doing what he does best, lie.

We need China to buy in our upcoming bond auction instead of selling what they already have and encouraging the other large debt holder, Japan to do the same.

China also is working hard to develop new trade partners while the felon burns down our reputation all over the world.

https://www.reuters.com/world/china-japan-south-korea-will-jointly-respond-us-tariffs-chinese-state-media-says-2025-03-31/

The felon may want to negotiate but China will likely have none of his bullshit demands as they know he cannot be trusted and they appear to be the one holding the knife to our throat.

They also know we've got a debt ceiling crisis on the near horizon that could sink the whole ship when it comes to interest rates and the dollar.

[BoRaGard]

39. He's such a loser

sad

[xuplate]

44. Problem is that he will forget 2 days later.

[Dem4life1970]

45. President Taft is not ready for prime time...

It is clear that he has no idea what he is doing. It is all fly by the seat of your pants.
How so many marks thought he would lead to an economic golden age, is laughable.
He rode Obama's economy until his first test came along, Covid, and he flunked it miserably.
He is a joke, unserious, a failure, a fraud, and a felon.

[Marcuse]

48. I wonder if the Attorney General would follow precedent and appoint a Special Counsel/Prosecutor?

To avoid the appearance of any impropriety.

[struggle4progress]

50. Donny's memory has been wiped and swirled down the crapper

The next person who gets ten minutes of his time determines our next headlines

[republianmushroom]

51. As the wind blows.