Billionaires profit SO much from a tanked economy. Everybody else is fucked, but all the toys they want to buy go on sale. Namely competitors.
this post was submitted on 30 Oct 2024
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Sure is a weird coincidence how we've had recessions after the last 3 or 4 Republican presidents /s
And Biden gets blamed for Trump’s economy while Trump is celebrated for Obama’s economy. Fuck is wrong with people.
I mean, that's the natural result of Biden's reluctance to blame Republicans for anything and all his efforts to work with them and praise them whenever they do anything remotely positive, and now Harris can't stop bragging about all the endorsements she got from Republicans who helped set these cycles up in the past. It's totally predictable that a lot of people are confused and just think "politicians" are to blame when we have Dems like this.
Yeah, this is true. Biden crossed aisles. Obama used a super majority to fix healthcare in a bipartisan manner. And this resulted in Democrats getting smacked by republicans for over a decade. Even though it was a bipartisan effort!
I used to have a boss who likes to credit Obama's economy to Bush, saying that presidential economic policies take 4-8 years to be felt.
Didn't have much to say about why Bush I's economy sucked though, for some reason.
Fuck is wrong with people.
They're all too busy believing the loudest person in a suit that they can find.
Surely being loud in a suit means what you say is important, right? The louder the more important... and look at how long that tie is. Surely that's the bestest person to listen to.
FISCAL RESPONSIBILITY!!!!!!!
This right here is the answer. Everyone can go home now.
Seriously, it’s not the low taxes, though those are appreciated, it’s the prospect of more market share which equals more wealth and, most importantly, power. During the housing crisis we had banks that were deemed “too big to fail.” For the next one, a handful of super-wealthy assholes will receive the same designation.
Musk, who was talking about reducing the national debt
so why is he supporting an ex president who blew the national debt up beyond anyone that came before?
Oh he still wants to reduce the national debt. In specific, he wants to reduce the debt he has to several nations.
Well there's the problem, you seem to think that things like basic pattern recognition and an understanding of basic reality are involved in someone deciding they like Trump.
Trump overspends because he doesn't know the value of money. Elon wants money and the government has the most of it. Starlink is a government funding machine that soaks up all the space budget. But NASA has been bearing the brunt of budget cuts each year since they retired the STS shuttle, so Elon wants that defense budget via the NRO. Trump founded the Space Corps and believes in the vague idea of "space is future" that Elon pumps out and will overspend trying to make that happen. Elon's plan is to directly receive government money.
Trump is so dumb as to not understand details, easily persuaded, and has unlimited money that Elon sees him as the best way to get space seed money.
Trump overspends because he doesn't know the value of money.
Trump “overspends” because he doesn't understand the concept of actually paying a bill.
He's spent all his life refusing to pay a single bill, and somehow getting away with it.
It doesn't matter if the money is his or the government's (until he steals it). He won't pay. If he has anything remotely resembling principles, not paying is his main one.
He's as capable of intentionally paying a bill as he is of growing a second head. Or bigger hands.
After the mass deportations, all of the most fervent deportation enthusiasts should be required to work in the fields to compensate for the depleted agricultural sector.
Ha. Reminds me of my favorite Bob the Angry Flower comic:
Nah, prisoners and children will take over all the shitty jobs.
ffs, these guys work for Putin!
Like Milei’s strategy, Trump advisors see a leaner, stripped-down bureaucracy as the key to long-term national wealth.
I rather suspect that "national wealth" would have to be interpretedas their personal wealth, not the wealth of the nation or any of its non-billionair populace. Policy by billionairs for billionairs.
He's suddenly worried about the deficit afaik. So to balance the budget while giving massive tax breaks to billionaires means people will suffer. Because free market or something.
Musk will be fine if he does.
Sounds like the plot from any spy movie where the bad guy wants to nuke the planet in order for a more perfect civilization to be born out of the rubble. Which is to say, I think we can all acknowledge there is some truth to the statement.
However, the rest of us rational thinkers might choose to prioritize other economic and legislative means before wiping out everyone but those who could survive a global disaster in their sub or extra terrestrial bunkers.
The fun thing is that the rich tech bros who think they can ride out The Big One in their bunkers are aware that their security staff would have no fealty to them once money is no longer worth anything and they can't figure out what to do about it... but some of the ideas they've come up with are hilarious, like exploding collars or locking up the food and hiding the key.
Elon and Zuckerberg and the others would be shot in the head by their security chief the second that person realizes that they're no longer being paid.
Sounds like the plot from any spy movie where the bad guy wants to nuke the planet in order for a more perfect civilization to be born out of the rubble. Which is to say, I think we can all acknowledge there is some truth to the statement.
Except there's no proof, let alone a guarantee, that out of the destruction that "a more perfect civilization" will be born. So, sorry, no. There's no truth here to be acknowledged.