General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsWhy A Downturn In Our Economy Is Going To Be Worse
Worse than when a Democrat was president.
When economies weakened under Democratic presidents, they spent money, on the poor and middles class, and when they did so, the poor and middle class spent that money, kept it circulating, demand rescued us.
Krasnov, in his Big Ugly Death Bill has given the money to his rich cronies, has given away our land to the fossil fuel industry, has gutted our social safety net (which most of the big cuts are coming Dec. 1st), he has taken money away from the poor and middle class, he had DOGE eliminate tens of thousands of good paying jobs, while still enormously increasing our debt. Look what he is spending every day for his war.
When the shit hits the fan, a recovery is going to be so much harder because of what Krasnov has done. Trickle down economics to the eleventy billioneth degree.
His rich pals will still make money when the shit hits the fan and Krasnov will proclaim, the greatest economy ever, none like it, and he will be telling the truth, and his billionaire friends will party at million dollar's a plate parties at Mar-a-Lago.
Happy Hoosier
(9,519 posts)Keynes' policies, properly implemented, have proven effective over and over again.
gab13by13
(32,035 posts)According to Vanguard, a record number of Americans are withdrawing money from their 401k's for hardship.
Happy Hoosier
(9,519 posts)If you aren't in the top 10%, you're probably struggling in this country. It really is a K-shaped economy.
And of course, the markets have been pretty lack luster for about 4 months now. So withdrawing now is even more harmful.
Johonny
(26,052 posts)And would seemingly blow well past that year 2, but is losing jobs. That's hard to do. But Trump only spends money on things that don't stimulate the economy one bit. He's a stupid moron. He has always been a stupid moron. Fuck all his voters. They all suck.
gab13by13
(32,035 posts)Never debate with them, they will argue with bogus data.
I tell them that Trump changed the name of the party to the Epstein party to mesh with his Epstein administration. You bet I tell them that Trump raped little girls.
I tell them Trump should have kept DEI people instead of putting criminal billionaires in his cabinet who bought their jobs.
Fuck his stupid voters. Wait until Dec. 1st when the big cuts to the social safety net kick in and fuck them if they believe it was Biden's fault.
You just can't reason with stupid, call them out and walk away.