Chapo Trap House 923 - The Banks Are Out of Money feat. Dave Weigel (4/7/25)
23 snips
Apr 8, 2025 
Joining the discussion is Dave Weigel, a Semafor reporter known for his insights into political affairs. He dives into the fallout from Trump's tariffs and the bizarre market reactions that ensued, including a massive $4 trillion correction sparked by a misleading tweet. Weigel also analyzes the cultural tensions in Wisconsin's recent elections, spotlighting how Democrats tapped into populist sentiments in response to economic despair. The conversation boldly critiques job dignity perceptions and the mismatched political narratives surrounding today's economic landscape.
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Fake Bloomberg Tweet
- Walter Bloomberg's tweet about Trump rescinding tariffs caused a $4 trillion market correction.
- The market jumped then crashed after realizing he wasn't affiliated with Bloomberg.
Surprise Over Tariffs
- People are surprised by Trump's seriousness about tariffs, despite his consistent rhetoric.
- This surprise highlights a disconnect between those covering Trump and market realities.
Sandwich Panic
- The Walter Bloomberg incident reflects a desperate search for reason in Trump's actions.
- CNBC's eagerness to report the fake news shows a desire for a coherent strategy.