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Written by Laura Kiefert, Green Bay Progressive   
Tuesday, 11 March 2025 12:00

baby-bathwaterHow Trump and Musk’s Chaos is Dragging the Economy Down


LAKE GENEVA, WI - The stock market took a nosedive today, and while some analysts will chalk it up to routine fluctuations, the fingerprints of Donald Trump and Elon Musk are all over this latest economic downturn. In their characteristic style—reckless, self-serving, and steeped in manufactured controversy—both men have contributed to an atmosphere of uncertainty that has real financial consequences. The phrase “throwing the baby out with the bathwater” comes to mind because their actions aren’t just harming their enemies; they’re destabilizing the entire system they claim to uphold.

Trumps Toxic Economic Influence

donald-trump-golden-wingsDonald Trump, the self-proclaimed economic mastermind, has done more harm than good since leaving office. His legal troubles, inflammatory rhetoric, and continued grip on the Republican Party are fueling market instability. Investors don’t like uncertainty, and nothing is more uncertain than a former president facing multiple indictments while still wielding significant influence over policy and public sentiment.

Even before today’s market dip, Trump’s saber-rattling about tariffs, his vendetta against the Federal Reserve, and his threats to disrupt international trade agreements have made investors uneasy. His return to the political stage is not just a threat to democracy but also to economic stability. When Trump speaks, markets listen—and they react accordingly, often with panic.

His recent comments about withdrawing support for NATO and reinstating his disastrous economic policies are already causing international jitters. And let’s not forget the ballooning deficit his tax cuts for the wealthy created. Trump’s economic playbook has always been one of short-term gain for long-term destruction, and we’re watching the consequences play out in real time.

Musks Market Manipulation and Corporate Chaos

trump-musk-2025Elon Musk, meanwhile, continues his transformation from “visionary entrepreneur” to erratic billionaire with a penchant for self-sabotage. Tesla’s stock—once the darling of Wall Street—has suffered dramatic declines, largely thanks to Musk’s own actions. His impulsive decision-making, erratic leadership at Twitter/X, and inability to keep his ego in check have spooked investors.

The most recent blow came as Musk threatened to pull Tesla out of certain markets and continued to antagonize regulatory agencies. His Twitter acquisition, once hyped as a game-changer, has turned into a financial black hole, with ad revenue plummeting and users fleeing. Investors are losing patience with his antics, and today’s market decline reflects that exasperation.

And let’s not forget his involvement in geopolitical controversies. Musk’s interference in international affairs—such as limiting Ukraine’s use of Starlink during wartime—has raised ethical concerns that make investors wary. A CEO with that much unpredictability is a liability, and the markets are reacting accordingly.

The Collateral Damage: An Economy in Turmoil

laura-kiefert-2018Between Trump’s political chaos and Musk’s corporate recklessness, the economy is taking a hit. Markets thrive on stability, and right now, stability is in short supply. The average investor is suffering while billionaires continue playing their high-stakes games.

The worst part? This damage is entirely self-inflicted. Neither Trump nor Musk has shown any inclination to rein in their behavior, and if today’s market drop is any indication, their influence will continue to have far-reaching consequences.

At some point, America has to ask itself: How long are we willing to let these two reckless figures dictate the economic future? Because right now, they’re not just throwing the bathwater out—they’re tossing the entire baby, cradle, and nursery along with it.

Last Updated on Tuesday, 11 March 2025 16:45
 
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