Depression if trump wins

He changed lumber last minute , it’s all out of control now :boom:

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We have may coming up too ( sell I’m may stay away traders )

Like I said this is going to be worse than 1929

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And on the 24-hour clock, that’s nearly 7.30 in the evening.

That’s a BAD time of day: too late for a good hat and too early for evening dress. :-1:

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If Congress takes action, it will stabilize all the chaos that Trump has caused.

Republicans weigh using the power of Congress to rein in Trump on tariffs

After GOP senators helped pass a measure to revoke Trump’s Canada tariffs, talks are underway to force a House vote. Senators also unveiled a bipartisan bill to limit his authority.

WASHINGTON — The fallout from President Donald Trump’s aggressive new tariffs has spurred Congress into action, with a growing number of Republicans joining Democrats to express interest in using their power to restrain him.

After the GOP-led Senate delivered a rare rebuke to Trump on Wednesday by voting to undo his tariffs on Canada, lawmakers in both chambers are weighing additional steps to rein him in. Senators are eyeing other mechanisms to rescind Trump’s existing tariffs while limiting his ability to impose new ones. And Democrats in the House are exploring ways to force a vote to revoke Canadian tariffs, putting out feelers to attract support from Republicans.

These efforts have a high bar for success as any resolution to undo Trump’s tariffs, or new law affecting his powers, would have to get around a presidential veto. But the level of support in Congress could affect the president’s political calculus around using taxes on imports to the U.S. as a centerpiece of his agenda.

Sen. Chuck Grassley, R-Iowa, a Trump ally who is third in line to the presidency, introduced a bill with Sen. Maria Cantwell, D-Wash., on Thursday that would reassert Congress’ authority and slap restrictions on the president’s power to levy tariffs.

The legislation, called the Trade Review Act of 2025, would require the president to notify Congress of new tariffs within 48 hours of imposition, while providing his reasons and an analysis of the impacts on American consumers and businesses. Then Congress would have 60 days to approve it. If it does not, the tariffs would expire after that period.

“For too long, Congress has delegated its clear authority to regulate interstate and foreign commerce to the executive branch,” Grassley said in a statement. “Building on my previous efforts as Finance Committee Chairman, I’m joining Senator Cantwell to introduce the bipartisan Trade Review Act of 2025 to reassert Congress’ constitutional role and ensure Congress has a voice in trade policy.”

Sen. Thom Tillis, R-N.C., praised Grassley for the bill because “he does believe that we’re a co-equal branch.” He said he’d vote for it, though it’s unclear if the bill will be brought to the Senate floor.

“I like congressional review. … In trade, it’s a good example,” Tillis said. “I’ll support Grassley if it gets a vote.”

The Cantwell-Grassley bill came one day after the Senate voted 51-48 to revoke Trump’s tariffs on Canadian products. Joining all 47 Democrats to pass it were GOP Sens. Susan Collins of Maine; Lisa Murkowski of Alaska; and Rand Paul and Mitch McConnell of Kentucky.

Sen. Tim Kaine, D-Va., the author of the resolution, said he’s looking to build on that success with more resolutions to block Trump’s tariffs, while examining his options in terms of what can move fastest.

He said “many more” than four Republicans were interested in his resolution than ultimately voted for it, predicting that more will come aboard “as the economic reality sets in.”

“There is going to be massive economic heartbreak in this country” if Congress fails to undo the tariffs, Kaine warned. “Donald Trump started in office with the strongest economy in the world. … He has, in two months, with the chainsaw and the tariffs turned it into one with flashing red lights and question marks. We’ve got to use the tools at our disposal to get him to do a U-turn.”

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:rofl: :boom:

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Congress can’t do nothing the banking sector is beginning to collapse and the banking sector can bypass the stock market safety switch

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Cheeky buy on uni swap as crypto seems to be anything go up

My tp is 6.440

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The S&P 1500 Composite Index, among the widest measures of the U.S. market, lost nearly $6 trillion in value in the two days after Trump’s announcement, and has had almost $10 trillion wiped out since mid-February, a significant blow to millions of Americans’ retirement nest eggs.

During an interview on ABC News’ ‘This Week,’ U.S. National Economic Council Director Kevin Hassett denied that the tariffs were part of a Trump strategy to crash financial markets to pressure the U.S. Federal Reserve to cut interest rates, saying there would be no “political coercion” of the central bank.

In a Truth Social post on Friday, Trump shared a video that suggested his tariffs aimed to hammer the stock market on purpose in a bid to force lower interest rates.

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He’s even more imbecilic dangerous than I expected. :weary:

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