lol. Recession? You sweet summer child.
We’re heading for a caps-lock DEPRESSION that’ll probably be worse than the 1930s, because the world is likely going to move away from the USD standard as a result of this, all of the trade alliances we’ve built for over a goddamn CENTURY are being shattered as we speak, and we have a whole hell of a lot further to fall than we did compared to the 1920s and 30s in terms of standard of living. I would not be surprised if this ends in the balkanization of the US. For fucks sake, countries are starting to reconsider buying shit from our military industrial complex - say what you will about the corruption and waste, but we do make a lot of the best military hardware in the world right now. And that has implications for our own military as well, because the economy of scale is probably going to completely evaporate sooner or later.
I think he’s trying to crash the USD so he can claim it’s more volatile than crypto, and miraculously be the owner of the solution where he will continue to bleed the rest of the world dry of capital.
That makes a depressing amount of sense, and it’s also why the rest of the world will probably shift away from the USD standard within the next six months.
Lol. Boeing is going to stop being a real airplane company because of this
We already can’t economically build ships for the navy because we’ve so dramatically hollowed out our steel refining and commercial ship-building industries. We’re looking at a future where the US military is primarily a client of the international arms industry for everything but guns.
Can’t happen fast enough imo
Yea thats the funny conversation on Bloomberg from last week. Do we hit the -10% contraction in GDP before we get 2 quarters of negative growth? We shall see. Hopefully people remove their politicians before the elections or inspire them to unfuck the global economy.
I like Rand Paul’s version where the Republicans lose the House and the Senate for 60 years.
Still not sure whether it’s worth the carnage though.
I’m not sure there will be a House or a Senate by the time all is said and done here. Or a United States, for that matter.
Do we have a house or Senate now? Everything is executive orders instead of legislation
I get what you mean, but I’m thinking more along the lines of what Palpatine does in A New Hope.
People forget after 4 years. It’s not like Trump’s first administration was great for anyone but the people that got the giant tax cuts.
It wasn’t even the tax cuts i feel like those covid checks with his name on them really sealed the deal.
They helped a lot. Biden really should’ve put his name on the bigger checks he sent
Like people forgot the Great Depression? It’s possible you’re underestimating how bad this collapse will be.
I was born in 1970, and some of the adults around when I was a kid still lived like at any day the rug could be pulled out from under them.
Yep my step grandmother grew up in the depression and she would buy a enough groceries to feed an army every week. Even though it was only here in the house. She had boxes of cereal from freaking 80’s on the shelf and deep freezers and I mean 2 to 3 full of meat. You didn’t her cooking it was so bad meat gone freezer rot. But she couldn’t help it. She was child during the depression she talk about it often and how bad it was.
My grandmother also live through the depression. She would save half a cracker with some cheese on it for the next day. I don’t think I saw her waste a morsel of food in 30 years.
They might not forget that it happened, but not who was responsible.
From 32 to 52 a Democrat was president, the Republicans lost the House and Senate pretty much constantly for 60 years, sounds to me like people remember, you just want to argue for the sake of arguing.
You’re talking about a time when the internet didn’t exist. Your points are valid but so are the other person’s who are focusing on more recent data.
With the Internet there’s all the more reasons why people will remember it for longer.
We need to realize that the scale might be different, but disinformation and propaganda in mass media was very much a thing a hundred years ago!
I think it’s less access to information, it’s more about being bombarded with information that you can’t remember everything, and you can easily forget things you already know or confuse that memory with another misinformation that was repeated many times.
Again, recent examples have shown that people easily forgot how bad Trump’s first term was, and it has nothing to do with not having access to said information.
Yup. It was radios, news papers, pamphlets, people travelling giving speeches, etc.
Disinformation and propaganda has been around for centuries.
Problem is all those that could remember are dead.
People were voting against Dems for inflation that was largely from summer of 2022. Bear markets/recessions usually last 15 months.
If Trump keeps this stupid shit up for more than a week, the Republicans will have a bloodbath. Look no further than the elections of 1890.
Wasn’t as painful for the general population as this. He is more destructive in ways that directly affect the majority this time. He can’t coast off the democratic economy with these moves. Republicans actually care when things affect them.
Millions of people died unnecessarily because nobody had PPE.
And Republicans thought that was nothing. Their pocket books are affected now. I’m not agreeing with their logic, I am going off the grumblings I am seeing now versus then. I live in a very red area.
Our temporarily displaced millionaires are about to be permenantly displaced by their own rage.
He’s killing off the very foundation of our economic empire. It’s fucking madness.
I think at this point we’re will have recession, even if trump reverts those tariffs.
He created so much uncertainty that people won’t suddenly forget everything and resume shopping like nothing happened.
You forgot the part where foreign governments, corporations, and consumers actively divert trillions of dollars of revenue and investments away from the US.
Removing the tariffs won’t remove the distrust or risk, and if the US is somehow able to have legitimate elections again, removing Trump won’t either. The world now considers a significant portion of the American populace mentally-ill. It would take generations to fix that damage, if ever.
What if we just delay another month! that should do even more confidence…
Rare moment where Raph is right… assuming any meaning to the mid-terms…
I mean… he’s not wrong.
The FUCK?
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And that would result in… What? A bunch of do nothing Democrats? We’re so fucked every which way. They can’t do anything to stop him. It’s all theater
Hopefully more people decide to run, rather than just hoping someone else saves them.
That’s how we get progressives.
I’m in a red district in SoCal and my mom, a disability rights advocate and civil rights lawyer, tried to run for office a few times over the last couple of decades. Each time the only thing any of the Democratic Party reps we talked to cared about was how many rich people we knew and how many donations we could gather. Once they recognized she didn’t have connections to money, all support was pulled.
Not to say that people shouldn’t try. But not only do you need the time and ability to run for office, unless you have a LOT of money it’s very difficult to even get a foot in the door.
