Catherine Rampell

And so, you know, there's certainly a chance of Armageddon, but who knows what he's actually going to do. And then there were obviously people on Wall Street who were even, who were much more sanguine even than that, who like heard Armageddon. Donald Trump say again and again, I'm a tariff man. I'm going to put 10% tariffs on every product around the world.

But all they absorbed was, what was that, corporate tax cuts? And so markets were more joyful and euphoric even.

But all they absorbed was, what was that, corporate tax cuts? And so markets were more joyful and euphoric even.

But all they absorbed was, what was that, corporate tax cuts? And so markets were more joyful and euphoric even.

last year shortly after the election because they didn't think at all that you know they seem to think that there was zero probability that he would do the thing that he said he was going to do and they would only get the goodies essentially and now we're seeing people absorb the reality

last year shortly after the election because they didn't think at all that you know they seem to think that there was zero probability that he would do the thing that he said he was going to do and they would only get the goodies essentially and now we're seeing people absorb the reality

last year shortly after the election because they didn't think at all that you know they seem to think that there was zero probability that he would do the thing that he said he was going to do and they would only get the goodies essentially and now we're seeing people absorb the reality

Yeah, I feel like there's a lot of schadenfreude about random Trump voters who supported him thinking he was going to bring down prices or make IVF free or one of various other ridiculous promises that he made. And now they're getting what's coming to them. And that's not really how I feel. I feel like Trump lied a lot on the campaign during the campaign about what he was going to do.

Yeah, I feel like there's a lot of schadenfreude about random Trump voters who supported him thinking he was going to bring down prices or make IVF free or one of various other ridiculous promises that he made. And now they're getting what's coming to them. And that's not really how I feel. I feel like Trump lied a lot on the campaign during the campaign about what he was going to do.

Yeah, I feel like there's a lot of schadenfreude about random Trump voters who supported him thinking he was going to bring down prices or make IVF free or one of various other ridiculous promises that he made. And now they're getting what's coming to them. And that's not really how I feel. I feel like Trump lied a lot on the campaign during the campaign about what he was going to do.

And normal American voters generally don't have the bandwidth to do a lot of in-depth research about, for example, what happens when you impose a tariff, right? Some of these things that he talked about were not super intuitive. Some of them were in terms of what effects they would have. Some of them were just outright lies, like the IVF thing.

And normal American voters generally don't have the bandwidth to do a lot of in-depth research about, for example, what happens when you impose a tariff, right? Some of these things that he talked about were not super intuitive. Some of them were in terms of what effects they would have. Some of them were just outright lies, like the IVF thing.

And normal American voters generally don't have the bandwidth to do a lot of in-depth research about, for example, what happens when you impose a tariff, right? Some of these things that he talked about were not super intuitive. Some of them were in terms of what effects they would have. Some of them were just outright lies, like the IVF thing.

But things like, oh, he's going to bring down prices and he's going to make China pay for the tariffs or whatever, right? I think the fact that the falsity of all of that didn't penetrate regular Americans is not entirely their fault. I think the media didn't do a great job in covering things. Probably the marginal voter who made the difference here, at least, is somewhat disengaged from politics.

But things like, oh, he's going to bring down prices and he's going to make China pay for the tariffs or whatever, right? I think the fact that the falsity of all of that didn't penetrate regular Americans is not entirely their fault. I think the media didn't do a great job in covering things. Probably the marginal voter who made the difference here, at least, is somewhat disengaged from politics.

But things like, oh, he's going to bring down prices and he's going to make China pay for the tariffs or whatever, right? I think the fact that the falsity of all of that didn't penetrate regular Americans is not entirely their fault. I think the media didn't do a great job in covering things. Probably the marginal voter who made the difference here, at least, is somewhat disengaged from politics.

So for those people, it's easy for people to spike the football. But for those voters who thought they were getting one thing and are now enduring a bait and switch, you know, I don't entirely blame them. But for the people on Wall Street. They are paid to get this right.

So for those people, it's easy for people to spike the football. But for those voters who thought they were getting one thing and are now enduring a bait and switch, you know, I don't entirely blame them. But for the people on Wall Street. They are paid to get this right.

So for those people, it's easy for people to spike the football. But for those voters who thought they were getting one thing and are now enduring a bait and switch, you know, I don't entirely blame them. But for the people on Wall Street. They are paid to get this right.

They are paid to make accurate predictions, to read all of the white papers such as they are to figure out what Trump's proposals would be or at least the range of what they could be and then the range of outcomes. They're paid to know how tariffs work, things like that. And for them...