LOL! 54% of Americans ages 17-65 read at sixth grade level or lower & 24% of the rest are virtually illiterate. Teaching of the Humanities was abandoned some 40 years ago when education was reduced to “how much $$ da ya wanna make?” even at our “best” schools.
As a native New Englander, it's wild to watch Trump get the Bill Belichick treatment dispite not having nearly the historical success Belichick had: "(insert obvious misstep) was actually just another brilliant 4D chess move, GALAXY BRAIN". It's so bizarre.
It’s amazing what firing 30,000 people for no reason will do! DOGE sent shockwaves through communities all across this country. The shock of job loss, the fear of job loss. The shock of customers who are now unemployed and not able to buy services.
Right, coming from the guy that filed 6 bankruptcies and the only time he REALLY made money was when he pretended to be a successful businessman on a TV “reality” show😬😬😬.
Sounds…promising.
A recession will bring lower interest rates (less debt to pay), reduce demand and higher unemployment, which will, in turn, lower inflation. It is "good" for people who disregard the human impact - the hardship inflicted on families, children, retirees, and everyone who depends on an income.
The way these people talk we are going to have a manufacturing plant on every corner. Seems like everything they do and cause is going to usher in some new widgets being built in the US
sure moron. This is a great plan tank the economy drive down the cost of real estate farms and goods, and then have the multi billionaires sweep in to buy it for pennies on the dollar? MAGA solid plan.
Oh, they're going to be excusing this recession more than any other time in the country's history. All sorts of "actually"'s... "Actually, recessions are good!"
The tariffs which are Trump's taxes on the American People will increase revenue.
So instead of enforcement of existing tax laws to collect taxes properly from the Elon Musks of the world, Trump imposes tariffs to collect extra taxes from everyone else... while giving taxcuts to the Elon Musks.
They won't, though. Because the retaliatory tariffs will also mean people who pay taxes have less money to spend. Hell, they don't even have to retaliate with tariffs. Canada just pulled a bunch of American whisky off the shelf and won't sell it.
The only one - ONE *possible* good that could come of that scenario is a drastic drop in housing costs.
Even then, the surrounding fallout would destroy everyone.
Hear me out - he go hard depression and Zimbabwe scale inflation. National debt - inflated away! Immigration - solved (nobody is coming here). Medicare, Medicaid, social security funding - solved - old people will be dead. Boom!
Recessions lower the value of the dollar, making existing debt less expensive (it's denominated in dollars). Interest rates drop because the federal reserve wants to increase investment. Purchasing moves domestic because our currency doesn't buy as much overseas.
It reduces the real value of the existing debt. But in '08/'09, we had a government that wanted to REDUCE the damage to the US economy and limit the recession, so they increased spending to stem the damage. That spending more than offset the "debt reduction."
This time, the government is trying to PUNISH the country, so they probably won't increase spending to limit the damage. But they ALSO want to reward the rich, so austerity will be coupled with graft and tax cuts for the rich. So yes, I doubt the debt will actually turn out to shrink in real terms.
You need to understand the wealth these fuckers have. Even if they lose $ in the short term they still have so much it’s literally almost impossible to understand. Cratering the world economy allows them to buy everything (no really, everything) for pennies on the dollar.
The reasoning seems to be that all these companies are manufacturing outside the US or buying goods from outside the US. Just to be awkward. There isn't any good reason for it.
Comments
a recession just means you have successive quarters of negative economic growth (ie people spend less)
it will not lower interest rates if the fed don't lower them
it would not boost investing because it literally means you spend less defacto less investing
you could reduce the debt by defaulting or printing money 2 things that would also likely cause recession
you'd lower interest rates by forcing the fed to do so violating their independence via board of governors
some people do very well in a recession so some BIG investments would be made
https://generalstrikeus.com/
"We will make the cheap clothes for the rest of the world."
But anyone think he's doing this to "pay off the debt" is beyond stupid. Trump vastly increased the debt last time and is trying to do it again.
I haven't read Project 2025 but the answer is probably found in there.
https://bsky.app/profile/volts.wtf/post/3ljqeslolec22
4D-Chess, I tell ya...
It is good
There is too much money in coporate hands and the stock market is over inflated.
Sounds…promising.
If you sacrifice a little for the common good, we can all be better off.
No!!
Trump tariffs:
If we all sacrifice for the common good, we can prosper.
OKAY!
Oh, they're going to be excusing this recession more than any other time in the country's history. All sorts of "actually"'s... "Actually, recessions are good!"
So instead of enforcement of existing tax laws to collect taxes properly from the Elon Musks of the world, Trump imposes tariffs to collect extra taxes from everyone else... while giving taxcuts to the Elon Musks.
Even then, the surrounding fallout would destroy everyone.
WAKE UP MAGA THESE PEOPLE WANNA KILL YOU
https://generalstrikeus.com/
This is a wealth grab by the oligarchs
Including the need to make sacrifices.
Congratulations, America!
We are so cooked.
Everyone suffers, except the rich.
https://generalstrikeus.com/
-- Lord Farqahr (originally a bad guy, now a #MAGA hero )
(From MarketWatch)