Yeah.
Nobody Expects the Cheeto-Faced Imposition!
How it was:
Only months ago, Ackman celebrated Trump’s victory, predicting “the most pro-growth, pro-business, pro-American” administration he’d seen in his adult life.
How it’s going:
“I don’t think this was foreseeable,” the hedge-fund mogul posted on X. “I assumed economic rationality would be paramount.”
Ackman is a hedge fund manager: other people pay him to manage their money. He didn’t think that Trump would do what Trump repeatedly said he would do: this was unforeseeable apparently. Who could have guessed? While Ackman clearly has poor judgment, I’m beginning to think that it may not be as bad as that of his clients.
“There were people who were behind Trump for selfish reasons,” said Jason Mudrick, who runs credit hedge fund Mudrick Capital Management. “Now it’s hit their stock portfolios, and they are saying ‘holy sh-t’ — they didn’t expect he would do it.”
(Credit hedge fund = bond trader. Some bonds appreciate during recession.)
As the losses mount, some prominent Wall Street figures are sounding alarms — carefully, lest they draw the ire of a president who has challenged American institutions at every turn, from big law firms to media outlets and government agencies.
Yeah, you don’t want get on old King Trump’s bad side. I guess freedom isn’t all it’s cracked up to be.
Quotes from paywalled Bloomberg article.
I’m sorry Mr. Ackman, you probably should have listened to Trump speak once or twice before making this ridiculous assumption.
Once again the blind assumption that “Anyone (R)” is good for the fatcat part of the economy rears its ugly head.
Gawd, can’t any of these fatcats (or even just ordinary country club republicans) pay any attention to anything and actually see, not just assume?
I’ve got some sympathy for Joe Lunchbucket who struggled in high school falling for the Faux News MAGA bullshit, but guys like this? How could he not see this coming? What’s his excuse for only believing the Faux News version of reality? If he’s managing millions or billions in other people’s money, isn’t it part of his fucking job to get as many diverse opinions and as much data as possible? Would you hire a carpenter who only knew how to use a hammer, and who ostentatiously refused to even learn about the existence of saws, screwdrivers, levels, or drills?
He, like a lot of marks, assumed he was “in” and that the peons would be the only ones getting scammed. He never once suspected the Leopards would eat HIS face.
Forget sympathy. He’s getting exactly what he thought only others would get. And he’s getting it hard.
Nailed it.
Saw that one coming
Screw balls.
It ain’t square, it ain’t level, and it’s plumb crazy.
If I had a screwdriver… 
You’d be half-way drunk?
I’d get hammered in the morning.
I’d get hammered in the evening
all over this land
Okay, yours was better.
Awl right now, enough with puns.
That happened under Stalin’s rule as well. It seems to be a feature of a Russian governance. I wonder, are people in Russia saying that about Putin these days?
It’s a feature of human nature.
Some hefty fraction (1/3rd, 50%?) of humanity naturally lurves them some Big Man authoritarian leader to play god over them. Then when bad shit happens to them they solve the cognitive disconnect by “My Big Man is good. Big Men are inherently good. It’s the underlings who aren’t. We just need more Big Manning: purge the underlings!!”
Of course it’s wackily counterproductive and tragically wrong. But human nature is full of wacky & tragic. And uneducated human nature especially so.
Right-wingers among their many other flaws are bad capitalists. They tend to lose money making decisions based on hatred and false beliefs. And since essentially everything the right wing believes is false the worse a job they do as soon as their dogma and bigotry collides with actual reality. That’s why you see right-wingers regularly get angry at corporations that make so-called “woke” decisions out of pure amoral profit seeking.
It’s his job to get good data; but it’s his ideology to believe only the dogma handed down from on high.
@Mijin’s “They” who
genuinely don’t seem to understand why, if group X has a slightly higher proportion of criminals than group Y, we cannot simply call people who belong to X criminals, and treat them as such.