What's more depressing is this was completely predictable, totally avoidable, but half the country welcomed this wave of oppression with open arms.
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And the other half? They seem to welcome this as well, but with crossed arms. Where are the protests? Seems most people end up writing upset messages on Twitter/Bluesky, but also seems there are no grassroots movements to actually protest the borderline coup that is happening?
People slowly figure it out. On HN 2-3 years ago, any critique of Elon would bring out the brigades of simps babbling about autistic genius. That’s mostly gone now.
Starting a trade war has consequences. That mortgage of yours is pegged to 10 year treasury rates. Bend the demand curve for foreign investors seeking safety in US government debt and stuff happens, like real estate bubbles deflating. What happens when foreign investors start dumping loans for vacant NYC buildings on the market because of their governments restrictions?
Look at the the classic Bogglehead investment - VTI. 30% of that portfolio is 10 companies, half of which are extremely vulnerable to foreign action. What happens to Apple stock when there’s a 30% tariff on iPhones?
You have reckless idiots turning knobs and people are going to get hurt. Then they get angry. LARPing right wing morons love to talk revolutions on their podcasts, they may get their wish.