Just a refresher. The last time Republicans shredded regulations like they are working towards again now they caused the mortgage crisis of 2007 which nearly collapsed our entire banking system.
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And long term. Once people can no longer pay for their houses, land, and businesses, the rich scoop them up for pennies on the dollar and now they have added to their family generational wealth.
the very rich think like that, but I was also referring to climate change (and yes, I suppose the rich will escape the worst of climate change too, but it's so damn nihilistic)
I under the impression that the republicans don’t know anything about what to do with economy instead of doing trickle down economics which doesn’t work they should do trickle up economics
A toxic train crash happened in Ohio in 2023. The Silicon Valley Bank and the 2023 Banking Crisis. Both due to deregulation by trump.
When trump cut the ribbon in front of a full pallet of regulations, the woman who helped him deregulate them, hid behind him when they took the photos. She knew.
If he does tariffs and deportations 1 million a year? They believe GDP could collapse 9% or more! That would be 2x as bad as 2008! I hope he is just bluffing? To take credit for the getting better economy?
But his Thanksgiving post was unhinged.
He IS unhinged. Last time some sane people were in place at the start to stop the crazy fuck from really going to town, this time it will be down to the American people. And the only chance besides violent overthrow will be the midterms IF they happen and IF it's not too late. This is not hyperbole.
And nearly spiraled us into a depression...until Obama saved it.
Just as Biden saved us from Trump's disastrous pandemic non-response and his own failed economics.
The Gramm-Leach-Bliley Act repealed parts of the Glass-Steagall Act, which had been in place since the Great Depression. The Gramm-Leach-Bliley Act was signed into law by President Clinton in 1999. Unfortunately, this had something to do with it too.
I know that I should be upset, but for some reason, I'm waiting to see how the people who voted for Trump are going to handle the situation. I can't control what will happen, but I'm waiting to see what happens.
Bill Clinton also signed NAFTA. One of the things I do is keep my audience refreshed on these types of facts. People need to know, both left and right, that our current Democratic Party, while the best choice available, is a center right party.
The political divide isn't left versus right in America. It is RADICAL robber baron right vs conservative left. What my mission is is to boldly drag the Democratic Party left.
Oh not just your banking system. Thatcher along with Reagan tore up banking regulations leading to a global crash. The Tories have falsely blamed Labour ever since, leading to 14 years of the sods and a still very fucked UK economy. In your case Obama fixed things. The Left always has to fix things.
I just hope that the Democrats that come I into office after the upcoming collapse will actually use the legal system to prosecute the perpetrators this time.
Exactly and it trashed every countrys economy. Is this what Musk was talking about when he said the U.S. economy would have a really hard time for 2 years. Also pushing crypto?
2008, November. The crisis grew more dire. Republican George Bush had no idea know what to do. He consulted Democrat President elect Obama how to fix it. Sorry Stupids, you can’t blame Biden for this one.
It’s a constant circle of switching sides. The Republicans f it up, the Democrats clean it up.
But now we’re in an oligarchy.
Because people voted for it.
Get ready to be more poor than you already were middle class.
This is going to be worse 40% around a triilion dollars of Canadian trade is with us. They are going to match US tariffs. What we get from Canada touch a ton of products. So much for cheap gas. Hats off to the ignorant. You just cost yourself alot. Better go out to eat while you still can!
Don't forget the generic meds that Canada sells to several Healthcare agencies in the US. (Florida, Colorado, North Dakota, Vermont, Maine, New Hampshire, and Texas)
Oh its ok, they will just bail them out again with our tax dollars, because banks are not allowed to fail. I am surprised they have not tried to take over the banks, then they could pass laws about interest rates and then really punish the people like they do and want more of.
I was a banker back then. Banks won't really care that the orange menace deregulates things. Banks don't want to lose the kind of money they lost back in 2007. Borrowing criteria will continue to be tight.
I have to say as an outside observer it just seems like Republicans are actively trying to destroy America from within. -Abortions will lead to a drop in the natality rates.
-tariffs will lead to huge inflation
-bands will lead to a depression
-All the appointees will lead to self-isolation
In this case the simplest explanation is the correct one, yes. They really do intend to wreck the US good and hard, for personal power and profit, for ideology, and for hostile foreign powers.
I agree but what do you think will happen when the masses won't be able to sustain themselves. The US is famous for having the most guns. How do you think people react when they are pushed into the corner
To the extent they’re personally thinking that far ahead, they believe they’ll successfully direct the violence into internal genocide and maybe even external warfare for as long as they can
Maybe you're right but I wasn't alluding to the fact that Trump might be targeted He has secret service protection. No what I mean is when society collapses due to economic hardship. The people that seem to do better are targeted like rich neighborhoods
My husband keeps telling me not to worry, that we came back from that. We were in our late 30s then, we are in our late 50s now, we don’t have the time to make those losses up!
You’re right! Nationally he did not win overwhelmingly. In E. Palestine, where the train derailment occurred, they voted overwhelmingly (>75%) for Trump.
Our mortgage got caught up in that mess. BoA took over our mortgage, didn’t tell us. I paid original lender then BoA took another payment. Wouldn’t refund and drove us into insolvency and homelessness.
No accountability for BoA and we will never make up what we lost.
They always destroy the strong economy that a previous Democrat left them. I wish I could live in an alternate universe with just the smart sane voters. Let all the scientists, artists, poets, & secular people gather & live there. GOP & their voters are holding back progress for the rest of us.
And instead of bailing the consumer out of the jumbo loans, and predatory loans government rewarded the inventor's of the bad loans with hundreds of millions in relief.
Russia is broke. The ruble is worth nothing. What do you think we’re in for? All of your tax dollars are going to be going to Russia while this country collapses. And then we can start learning Russian.
Which the Dems fix, and they then give away in wealthy tax breaks.
Lather, rinse, repeat…
Thing is, they know Dems care about this country, and they don’t. No matter how much damage they do, they know Dems will try to fix it after. Because Dems actually believe in America.
You are absolutely right, a bad re-occurring dream, GOP wreck the economy with their de-regulation and tax breaks for billonaires, Dems come in to fix because they care for country and people, after damage fixed, they lie & Cheat there way back into power.
Yep. I lost my job and my house. I’ve just recovered in the last couple of years. (It’s more difficult for older unmarried women.)
I’m already making plans for losing my job and house next year. Really.
That one took my job, my house, my family, my car, my savings, my pension and literally everything I had ever worked for by the age of 54. Never recovered and now I got nothing left to lose. So they can burn it all down for all I care. I would barely notice.
Economists have done a projection of how it could look if the tariffs and Mass deportations are carried out, and they forecast as much as an 8% drop in gdp. For perspective, the 2008 crash was a 4% drop. 8% would mean complete freefall.
And I was laid-off in 2008. It took me 10 months to find a position in my field and fortunately I had savings and no debt. People , please live within your means . Save your money.
I lost my home and my job back then..my job was connected to the auto industry. It took me 4 years and moving across country to finally start to get my footing again. I hope we don't go through that again. 😖😟
Get ready for another collapse. That how they make their money , at the expense of the average guy , and Trump and his billionaire friends will make out like bandits
Knowing how many over-priced houses were bought in my city 2020-2022, the market then dropped a bit and now twice as many houses are for sale...my stomach hurts.
Yes, the banks were bailed out, the execs got their pay bonuses, no one was held accountable. I am a real estate broker. Lived through it. The safe guards are eroding again. Banks need to seriously vet their home borrowers, etc.”
I did it last yr. I paid 30% taxes when I withdrew, and got some back with tax returns. I’m happy in my new house, especially since it’s paid off. Thanks for your reply.
I’ll never forget the reason Alan Greenspan gave after admitting deregulation played a part in the bank collapse:
“We didn’t think the banks would be so greedy.”
Here we go again.The Right fucks up by shoving all the wealth upwards and depending on globally discredited trickle down. Which doesn't work so the Left come in and begin to clear up the mess, but not fast enough for the fuckwit voters who vote for the Right and their own poverty, again. And repeat.
And I'm not even sure why they think all the other distractive BS is necessary because I'm 100% certain most people would take a currency that isn't so devalued right now that groceries, rent, medical bills are nearly out of reach for 2+ incomes.
US economic primacy is based upon the value of the dollar. Rubles are 114:1 to the dollar. BRICS - Brazil, Russia, India, China, South Africa, Iran, Egypt, Ethiopia, and the United Arab Emirates want to get off the dollar to destabilize the US.
U.S about to be destabilized any way. However, if it kills its own currency through bad trade policy changes, bad taxation practices, it will crash and need replacing.
Who better poised to force crypto-digital age than the country that can hold the whole world at gun point?
BRICS militaries are 10x the size of the US military. Without allies the US is in a tenuous position. A loss of economic and political stability will cause allies to abandon the US for greener pastures. The dollar and taxes are the least of the issues.
Military size doesn't really mean much when you have nuclear powers in the hands of people who are crazy enough to use them, who are already threatening to abandon NATO, the UN, and any other treaty ever made.
Do you really think the US has that kind of power? The US needs the rest of the world as much as we need it, but that can change. The US could bankrupt itself and be another UK, a past superpower
I will grant that, it is probable the coming administration change is probably the most inept and least likely to be successful at this endeavor despite its efforts.
It will achieve the chaos stage of a currency change, undoubtedly. The rest? Not so sure.
Emperor’s Decree really doesn’t scale globally the way they dream.
It’s a mechanic’s job but they’re all idea boys, no wrenches.
Demolition is fun and easy.
Millions of Americans lost their homes during the mortgage crisis of 2007-2008. There were over 6 million foreclosures. It triggered a global financial crisis.
It did not work out! This is why there is currently an epidemic of homelessness…corporations bought up everything during the collapse…they now charge rents that are astronomical. So no…it did NOT work out.
MAGAS aren’t interested on the consequences and devastating damage their policies would 💯% cause to this nation and its citizens.
For them it’s all about the money and fulfillment of their deadly holocaustic agenda.
The more damage they cause the better.
Trump and his criminals were hired 4 that.💀🦠
Joe Biden also has the authority to arrest Trump. The only reason the criminal traitor insurrectionist is free is because he delayed his prosecutions. That should not be a reason to allow that arsonist to burn our entire country to the ground.
I agree with what you are saying but we need all the evidence Jack Smith has as well. The motherfucker stole top-secret documents. He incited an insurrection. You know damn well he would be found guilty if he was fucking put on trial instead of evading justice. Why is this ugly loser above the law?
Oh please. They couldn’t convict Trump after his impeachment and that has not changed. Our guardrails have failed us. Our Supreme Court is corrupt. Trump is a felon, a traitor and an insurrectionist but we are just gonna let him take over? That is fucking insane. The AG sat on his ass and it stinks.
They didn't impeach Trump for treason like they should have. This plan increases the evidence of treason and forces Republicans to either vote for us or vote for Putin. We ought to know where they stand on that, don't you think?
If you have a better plan, share it. Otherwise, I say support mine.
That is why I am selling my house now and buying smaller. The housing market is going to crater big time in 18 months. Elect a failure of a buffoon and get a failure of a buffoon as President.
We see similar policies reemerging, and many people feel uneasy because this is not only a gamble with the economy but also poses a potential threat to the future of every family
Russ Vought, “radical constitutionalism.”
He has helped craft proposals for Donald Trump to deploy the military to quash civil unrest, seize more control over the Justice Department and assert the power to withhold congressional appropriations — and that’s just on Trump’s first day back in office.
The me me me, now now now party has, or is about to take the reigns.
They care not for what their kids or grandkids inherit.
Hard to understand their insane shortsightedness.
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It's almost like Republicans don't give a fuck about anything except lining their pockets in the short term
When trump cut the ribbon in front of a full pallet of regulations, the woman who helped him deregulate them, hid behind him when they took the photos. She knew.
But his Thanksgiving post was unhinged.
Just as Biden saved us from Trump's disastrous pandemic non-response and his own failed economics.
How quickly Americans forget...
Do Rethuglicans do anything that doesn’t hurt America and our freedoms? 🙄🤬
Just reaffirms…we will not go back.
Tariff the LABOR from the SOUTH
MAKE HOUSING AFFORDABLE AGAIN
🤦🏻♀️
But now we’re in an oligarchy.
Because people voted for it.
Get ready to be more poor than you already were middle class.
Whatever happens it'll be Biden and Kamala's fault.
All joking aside, if you can destroy the economy, redirect blame, and profit too you’ve got the fascism locked in.
-tariffs will lead to huge inflation
-bands will lead to a depression
-All the appointees will lead to self-isolation
https://www.amazon.com/Inside-Job-Americas-Forbidden-Bookshelf-ebook/dp/B013S42VF6
Thank god 🇨🇦 did, and does, have a better banking system
No accountability for BoA and we will never make up what we lost.
It was and still is! Spent a year wandering but now safe in CA. I hate being landless and poor. We worked blindly hard for what we had.
So many families unhomed by Bank of America who got to skate away. And I wasn’t even under water! It happened on our 1st payment!
We all deserve better than to be serfs.
Still here kicking
Lather, rinse, repeat…
Thing is, they know Dems care about this country, and they don’t. No matter how much damage they do, they know Dems will try to fix it after. Because Dems actually believe in America.
I’m already making plans for losing my job and house next year. Really.
It's all about the bank bailout.
They couldn't get out of town fast enough to leave the mess to Obama.
The banks were bailed out.
The people who lost thier houses? Not so much.
But it was GOP the rest of the way...
“We didn’t think the banks would be so greedy.”
Collapse of the US dollar is the point. I believe the general intention is to replace it with crypto currency.
Which will inevitably destabilize global economy everywhere unless everyone accepts the new all digital system.
We're of course not ready for it
Who better poised to force crypto-digital age than the country that can hold the whole world at gun point?
We're looking at it.
They are the type that have thrown out all the rules and believe they will do as they please while hovering hands over red buttons.
Not a good strategy but unpredictable enough to actually do it.
It will achieve the chaos stage of a currency change, undoubtedly. The rest? Not so sure.
It’s a mechanic’s job but they’re all idea boys, no wrenches.
Demolition is fun and easy.
🤣🤣🤣
We can’t go back!!
Every departing gqp pres has left the incoming Dem a recession or worse.
A century of financial genius.
For them it’s all about the money and fulfillment of their deadly holocaustic agenda.
The more damage they cause the better.
Trump and his criminals were hired 4 that.💀🦠
https://www.dailykos.com/stories/2024/11/21/2287839/-We-Can-Stop-Trump?_=2024-11-21T11:19:50.000-08:00
https://www.dailykos.com/stories/2024/11/21/2287839/-We-Can-Stop-Trump?_=2024-11-21T11:19:50.000-08:00
#DeclassifyTrump
If you have a better plan, share it. Otherwise, I say support mine.
🖕🤬 'em all!
He has helped craft proposals for Donald Trump to deploy the military to quash civil unrest, seize more control over the Justice Department and assert the power to withhold congressional appropriations — and that’s just on Trump’s first day back in office.
They care not for what their kids or grandkids inherit.
Hard to understand their insane shortsightedness.