The long term? I guess he doesn’t understand that many affected are retired, and are watching their retirement dissipate. They don’t have 15, 20 years to wait for the market to bounce back when needing to pay the rent/mortgage today. To eat. Pensions as well. The depression lasted a decade, asshole.
Reposted from
FactPost
Host: 62% of Americans own stocks. How can the White House not be concerned about Americans' 401ks?
Bessent: I'm not concerned
Bessent: I'm not concerned
Comments
if I had access to your bank account I would not need to worry how I am going to live in the future.
Before the election I would have been fine, now I do not know how I am going to live past 2 years.
The people making the big money decisions have zero understanding of how the bottom 90% of Americans live. And, they don't care.
Sorry, I was too lazy to Google it.
He doesn’t care.
A plummeting stock market is great for rich people. They get to buy low.
Guess he has another agenda besides doing his job well. Theocracy?
Republicans have been openly saying ‘fuck you’ to Americans for years now, while giving us both middle fingers, and still so many think they’ll help them
No common sense
No empathy
No compassion
BUT he has an express ticket to HELL for a judgement call with St Peter!
They can buy all the stocks, land, etc for pennies. That's the goal.
They don't kill the host.
This is the Company.
_You work for the Company.
_Live in Company housing
_Shop at the Company store
The Company pays you, but you always owe more.
It was reality for a long time though in the US. https://socialwelfare.library.vcu.edu/organizations/labor/company-towns-1890s-to-1935/#:~:text=All%20life%20in%20company%20towns,post%20office%20and%20payroll%20office.