there have been three major economic collapses in my adult lifetime and guess which party has been in charge each time? it's almost like their policies don't work.
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My parents grew up during the great depression and the struggle just to survive was astounding and heartbreaking. Safety nets were created so we never have to relive those terrible days - Trump is destroying those safety nets. We must get him out of office.
It's so funny that kamala was so pathetic and useless to the extent that she lost to this. That's what happens when you don't even mention rent control, universal healthcare, etc.
These ignorant fools will end up destroying the world economy and plunging the USA into a depression not a recession a full blown depression hang on America
In Jan. 1973 I came home from the hospital w/twins. My landlady came upstairs w/2 pink stretchies. 15 minutes later her husband came up to raise our rent from $180 to $195 a month. We figured we’d be OK until my husband’s raise in June. Then Nixon reimposed a temporary freeze on wages in June 1973.
Fortunately, thanks to shower gifts and grandmas, we had baby clothing, but money was tight. Employer healthcare was a plus.There were no cable/Internet or cellphone bills, and we lived paycheck to paycheck. The oil embargo in October 1973 caused gas prices to increase in a recession from 1973-1975.
I just wish people that say they are fiscally responsible would educate themselves on this. Unfortunately I think the Orange coolaid is interfering with their brain cells
To be fair the Dot com bust happened under Democrat Clinton. But that bubble needed to pop. Unless you're talking about COVID, it's kind of hard to keep track, lol
Ah, tariffs, America’s favourite way to self-sabotage under the guise of economic nationalism. Nothing says "winning strategy" like making everything more expensive while pretending it's all part of a master plan.
Trump *before* COVID. All the markers had swung in the correct direction and it had already started.
COVID actually politically masked how much of it was directly due to his policies. If it hadn't been for the pandemic, he'd have had a much harder time claiming economic success his first term.
The bitter irony of economic policies is that if you want the outcomes the "free market" model (which is basically the learning lab of economics, not a model of the real world), you need a LOT of economic infrastructure that progressive policies provide.
Assume nothing. Know the facts, whether historical, empirically derived, peer reviewed scientific evidence or just plain ol' commonsense (eg. 6 bankruptcies make not a good businessman, calling Nazls "very fine people" = he's racist, calling military "suckers and losers" = he's not a patriot.
My entire news-reading life (I'm nearing 60) the press has nearly uniformly referred to the GOP as "the party of business". Journalists are the most incurious people, fixed in their beliefs, no matter the decades of evidence.
Well, it’s high time they were referred to as the party of economic collapse. Every time they get their hands on the government they create economic disaster. Maybe to help those with large amounts of capital to take advantage of the depressed market conditions
And "business" is uniformly described as good and wise, no matter how many mistakes or cruelties they visit upon us. The Dow is reported every hour like vital signs instead of like an index of gamblers' feelings.
They need to change that term business to money. That's all they've EVER been concerned about. They couldn't care less about business. It's only ever been about money.
Australia, too. You cannot get it out of people's head that the Liberal-National Coalition - like the Republicans - are better 'economic managers', even though they're hopeless at it and the other side is obviously better.
Canadian liberals are better in that they do a decent job of cleaning up after our conservatives but it has made our politics lean centre right for at least 4 decades. We could use a whole lot more left.
Does anyone truly believe that these billionaires are not making a fortune while the stock markets declines? This is such a game. They are raking it in. Pound by pound. They are controlling the narrative and by it controlling the markets. Wake up and smell your 10$ cup of coffee.! Manipulation!
FOX NEWS: New poll states US taxpayers enjoy downsizing their lives. Trump’s Golden Age of recession was just what they needed. Some people say they quite enjoy the simple life of eating beans under a bridge because It promotes community and family values. America is finally great again.
They work, alright, it's just that they're not what they say they are. Bankers often do very well out of economic crashes. They get handed heaps of government money for nothing, and there's lot of cheap property and companies to buy.
Before 1913, federal government revenues came mainly from taxes on goods—tariffs on imported products and excise taxes on items like whiskey. The burden of these taxes fell heavily on working Americans, who spent a much higher percentage of their income on goods than rich people did.
In the 19th century, supply side "trickle down" economics was called "horse and sparrow" economics." The horse eats everything and the sparrows pick seeds out of the shit. Which seems a perfect analogy for GOP understanding of economics.
I guess technically Clinton could have vetoed Gramm-Leach-Bliley and the GR wouldn’t have happened. But that was still a Republican piece of legislation. And Bush had plenty of time to get in front of it.
the elites always find ways to make money even off a collapse. in fact, they'll absolutely try to use it to consolidate their wealth even further, just like they did after the 2008 recession
Or.. their policies work exactly as intended. Economic collapses don't hurt the rich, they get bailouts and even more profit. They hurt the rest of the population
it's true, capitalists have been in charge every time the economy collapsed, especially including the 2008 financial crisis caused by bankers getting even greedier than usual
With triple the cuts going to the rich,
A $4.5 trillion tax cut is crazy, bitch!
And steal our benefits to pay for it?
Trickle-down didn’t. Fuck that shit.
So are we just going to ignore the economic collapse in 2008 and how Obama bailed out Wall Street and no one went to jail? This was THE economic collapse that destroyed the millennials when it was time to get employment.
Their policies don't work for you & yours,but that doesn't mean the policies don't work as intended.
Next, you'll tell us trickle-down economics doesn't work, either.
Pitchbot headline: Whether it's Republican leadership or Democratic voters living under Republican leadership, both sides have a problem with economic policy.
Stupidity has never been as rampant as it is today . In my 70 years of living I’ve never seen so many stupid people. Back in the day, the law of Darwin would have made them extinct.
They've always existed in these numbers. Technology has allowed you to see a wider swath of them around the globe rather than just seeing those in your local area.
How is our country this fucking stupid? It’s not a secret that republicans always fuck up the economy. The facts & data are easily accessible. Yet, people still vote red to “save the economy”???
Every GOP economic “policy” going back at least 50 years was made, or proposed, to facilitate tax cuts for the 1% personally, or their LLC’s, or to prevent the gov’t from forcing tax increases on the 1%.
Almost like it's designed for people to buy shares cheaply, and become rich when policies change and shares go back up. Then you look at these people's accounts... BOOM! NOT Mike Johnson though. He's a simple man without even a bank account. THAT is NOT a simple man. A simple man has a bank account!
Putting 9/11 aside, COVID is certainly the largest outside factor to happen during our lifetime. Not enough credit is given to the fact that the US didn’t actually go into a recession during the aftermath of COVID. Instead the party in charge was punished for doing such a good job.
Girl…yes our generation sees the republicans F it all up then Dems fix it & Republicans F it up again & then Dems get blamed. Way too much misattribution of republicans being better at the economy. The cycle just repeats
They work. They work for the intended purposes. Make the rich richer.
The fact that it fucks everyone else, doesn’t matter.
Greed to that degree is definitely a mental illness.
MAGA is the poster child for greed.
Wouldn't it be nice if the rest of the electorate got the clue?
Like just imagine if the third of eligible voters who don't go to the polls decided they'd had enough of Republicans fucking up our economy, and foreign policy, and domestic tranquility, and started voting for the greater good.
They game the system, introduce policies or encourage market failures to ensure their rich friends can scoop up ownership of equity when it crashes for the working class - guaranteeing profits by buying at rock-bottom prices. I asked Ai, "That tracks"
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The rich are getting ever richer
Sure would be great if we could together better.
😝what was I thinking
It took that mean old socialist FDR years to bring back the economy afte"r the republicans destroyed it.
Those who dont remember the past are condemned to..."
“Maybe I was wrong”
https://aiwillybillhuman.substack.com/p/the-return-of-trade-wars-how-to-break
since the Great Depression there has been 15 recessions (we are likely to get 16)
last five have been Reagan in 1981, Bush in 1990, different Bush in 2001, different Bush in 2008, and Trump with COVID
void-screaming for I want to a•void
COVID actually politically masked how much of it was directly due to his policies. If it hadn't been for the pandemic, he'd have had a much harder time claiming economic success his first term.
We’re just not the target audience
And somehow people still say GOP is ‘better at the economy’ 🤷🏼♀️
They will not stop. They can only be stopped.
Well it’s working 😂
The rest of us need to understand that all of these wealth transfer events are done TO us and not FOR us.
just not for us
Make
AssClowns
Great
Again
Party?
https://en.wikipedia.org/wiki/Black_Monday_(1987)?wprov=sfti1
Repeat, rinse, repeat.
Not the brightest lot.
JOIN US APRIL 5
https://www.mobilize.us/handsoff/
With triple the cuts going to the rich,
A $4.5 trillion tax cut is crazy, bitch!
And steal our benefits to pay for it?
Trickle-down didn’t. Fuck that shit.
Next, you'll tell us trickle-down economics doesn't work, either.
As they will this time.
Every. Single. One.
The fact that it fucks everyone else, doesn’t matter.
Greed to that degree is definitely a mental illness.
MAGA is the poster child for greed.
Every single time, Republicans destroy the economy and Democrats fix it. Every time. Even in my short lifetime it's been pretty freaking obvious.
Why?!
BECAUSE WHEN DEMS SWOOP IN & UNFUCK WHAT THEY BROKE, THEY’RE NOT LOUDLY AND PROUDLY CROWING ABOUT IT!
STOP CEDING GROUND TO A BUNCH OF CULTISTS WHO CHAMPION A FASCIST PLUTOCRAT FELON!
Like just imagine if the third of eligible voters who don't go to the polls decided they'd had enough of Republicans fucking up our economy, and foreign policy, and domestic tranquility, and started voting for the greater good.
Nice.