You cannot have it both ways. If the market tanks, EVERYONE can buy at firesale prices and it may even make it more likely that folks who couldn't afford to risk some money in the stock market could. 88% of stocks are owned by the top 10% and they are getting HAMMERED. Elon, who many claim is enriching himself, is getting HAMMERED by Tesla rioting and loss of value of not only Tesla, but all of his companies.
My point was that there is this ongoing conversation that Trump is pushing an oligarchy and only enriching the rich. If that were the case, the above would NOT be happening. I don't know if this tariff thing will work, but I just find it hard to believe that folks will not at least give Trump and OUNCE of credit for trying to protect the interest of the US while also bringing back jobs to America. He is not doing this with deficit spending (see Biden's build back better, or inflation reduction spending), but by repatriating lost manufacturing and encouraging investment in the US. I get that it is hard for those on the left to even give him a chance, but these efforts ( I will call them efforts, because success is TBD) seem to have the middle class firmly in mind.
I could be wrong, but that is how I see it. If this all fails, I will be the first to HAMMER Trump as I want to retire in 2+ years and he may destroy that.
I will also give some examples of how I was wrong in the past. With Clinton.....I thought he SUCKED big time, but in hindsight, what he did balancing the budget, reducing employment benefits, reducing the size of the federal government are ALL things I can agree with. With Obama, I hated Obamacare.....but at least he tried. Something most Presidents cannot even fathom tackling. Again in hindsight, I give him credit for trying and also for pushing the too big to fail bailouts. I hated those at the time too, but can now see where it was probably the right call.