CEOs who thought that President Donald Trump would be good for business say they got a massive shock earlier this month when he unveiled his "Liberation Day" tariffs that sent the stock market nose diving.
As political commentator Matthew Yglesias writes, Trump's allies in the business community learned that Trump "is crazier than they thought" thanks to his erratic tariff policies, and he makes the case that they should understand that Trump is behaving just as destructively in other policy areas.
Among other things, Yglesias points to the fact that Trump recently fired several national security officials at the behest of Laura Loomer, a right-wing influencer with a long history of pushing racist conspiracy theories whom even many Republicans regard as being akin to "radioactive waste from Godzilla."
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Yglesias goes on to document Trump policy blunders with dissolving USAID, which he said has led to the deaths of children in Africa; his slashing of scientific research and education funding; and his decision to let Elon Musk and his staff at the Department of Government Efficiency make cuts to staffing and regional offices at the Social Security Administration.
"My point is that far from seeing Trump’s reversal as a positive sign, it ought to be an eye-opening moment for sane people on the center-right about the fact that these guys really will do things that are incredibly crazy and stupid," he warns. "They are, in fact, doing many such things."
