- cross-posted to:
- [email protected]
- cross-posted to:
- [email protected]
Summary
Home Depot co-founder and GOP megadonor Ken Langone blasted Trump’s sweeping tariffs as “bulls–t,” calling the 10% across-the-board rate and country-specific hikes—like 34% on China and 46% on Vietnam—“too aggressive” and poorly calculated.
Langone criticized the administration’s formula, based on trade deficits, as nonsensical.
Other prominent figures, including economists and billionaires like Stanley Druckenmiller, Bill Ackman, and Elon Musk, have also spoken out.
Critics warn the tariffs hinder negotiation and lack sound economic grounding. Langone said Trump is being “poorly advised” on trade policy.
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Unlike HitlerPig, this Sociopathic Oligarch is a smart businessman, and he knows that much of his inventory’s cost is about to double.
Now he has a Sophie’s Choice - double his retail prices and watch his sales crater, or reduce his profits, OR, the more likely choice, try to walk a tightrope between them, raising costs as much as he can without losing too much business, and absorbing the rest by a reduction in profits.
Any of those choices are going to have a negative impact on the stock price, and he will be deemed responsible, even though none of it is his fault, and all of it is directly attributable to HitlerPig’s virtuosic dumbassery.
It’s definitely partially his fault. He just thought he wouldn’t be the one getting hurt.
Trump is the result of what the capitalists have done to the population since Reagan.
If you’re a billionaire who profited off gutting taxes, the commons, schools, etc while propping up for profit media pushing pro business lies like climate change is a hoax to line your own pockets, this is your fault.
As much bloody murder as Kenny here is crying, he isn’t suffering a tiny fraction enough. He should be in a secured mental health facility for his and our safety to treat his antisocial hoarding disorder for both his and our safety.
I often talk about these Sociopathic Oligarchs as mentally ill hoarders. If anybody collected cats like these guys collect money, they’d lock them up, but somehow these deranged people get worshipped for hoarding money they will never, ever need, even at the expense if destroying the entire country.
FA, FO.
Sorry no take backsies. You bought an idiot, deal with it like the rest of us you schmuck.
You (Ken Langone) made a bad investment -> Take the L
But they never do, nor will they ever have to. They can just sue the company for poor stock performance and then claim the unrealized losses as a tax write-off this year. It’s infuriating. If aliens are real, I hope they can summon the billionaires money in physical form and then drop it on them.
Exactly
So he got conned by a con man. You know what you called people who got conned? Suckers and losers.
Most people get conned. Some cons are just more obvious than others.
“These tariffs are affecting me, there for they are bad and wrong! He should have calculated them in such a way that didnt affect me, personally!”
Sit back, and watch your shit get wrecked by the man you thought you’d purchased.
That’s the power of the Home Depot.
Every republican megadonor should be shot.
…those who foolishly sought power by riding the back of the tiger ended up inside.
Those who do not learn from history are doomed to repeat it. Fascists happily use corporate influence to gain power. But once they’ve achieved power, the corporations end up completely subjugated to the state just like everyone else. In Hitler’s Germany, if you ran any kind of major company, the state told you what you were going to produce, when you were going to produce it, and how much you would be paid for it. Any executive who objected found themselves joining the other undesirables.
Uh, don’t make me tap the sign…
You got what you voted for dipshit. Zero sympathy.
Isn’t this the same guy that wants to charge for parking in Home Depot if you don’t buy something in their store?
This is standard practice in most supermarkets and even shopping centres that are located in higher density city centers in Europe, because otherwise nobody would be able to find a spot to park…
I get that, but I’ve gone to Home Depot to buy something expensive(in room ac), listed on their site as available, only to find none when I got there. I wouldn’t want to pay parking for what amounts to false advertising.
Oh I’ve had this happen, and the staff were attentive and asked me if I needed them to validate my parking.
It really depends where this is coming from, if its a global policy for all stores even if they don’t need it, it’s a dick move. If they apply it to only the stores where parking is a big issue, I can understand.
Tough luck rich guy. You wanted it so you could go back to your fantasy of the past. Now he is shitting on you like he promised to do and you helped pay for it. schadenfreude
I find it particularly funny that he says Trump is being “poorly advised” on trade policy. You are already at the stage where the Czar is never to blame, it always falls on the Noble advisors at his imperial court.
I swear I saw an undertaker measuring Musk for the casket. Even he’s got to realized he’s being set up as the fall guy. Before the year is out, he’ll be propped up for display in the town square for everyone to revile (and be distracted from the real fascist).
FIGURATIVELY
I see it more like saying his handlers ought to be handling him better. Maybe the people who Trump is supposed to serve are having trouble with that. I do hope so. If his wealthy backers turn against him, he won’t last long.
Nice!
