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Posted (edited)
8 minutes ago, Tiger337 said:

I was responding to stock market "crash" which is not necessarily the result of a recession.  

In the depression you had a stock value crash, which coupled with tariff increases, slowed economic activity and threw people out of work. Since stock prices had cratered, it was difficult for business to raise investment funds to put people back to work - it was an unrighteous feedback loop - and pretty much directionally exactly where Trumps policies point. I think a difference today is the investment class actually has so much political power and is so much better politically organized, that if it comes to it, they will likely find a way to be rid of Trump before he can crash the market in anything like '29.

But the other place even working class folks are affected by a market crash is that even if they've never bought a stock, if they have IRAs or 401 or even old style pensions, they are likely invested somewhere that will be affected.

 

Edited by gehringer_2
Posted
9 minutes ago, gehringer_2 said:

I think a difference today is the investment class actually has so much political power and is so much better politically organized, that if it comes to it, they will likely find a way to be rid of Trump before he can crash the market in anything like '29.

 

 

I agree the investment class has the power to stop Trump.  They own us.  I also don't think Trump wants to tank the economy to that level.  He wants absolute power, but he also wants adulation and he won't get that from a depression. The best scenario for him might be a minor recession which he can blame on Biden followed by him saving the country. I also think it's a fairly high probability scenario.  It's a question of whether the timing will be right for him.  

Posted

This is a week old, but I just heard about this when she was interviewed on Pod Save America the other day. This is absolutely chilling, and should anger anyone on any side of the aisle. This is what we have become, and it’s no wonder other countries are telling their people to avoid America. This is insane and vile. 
 

Here’s the full essay she wrote in her whole ordeal https://www.theguardian.com/us-news/2025/mar/19/canadian-detained-us-immigration-jasmine-mooney

Posted
12 hours ago, Mr.TaterSalad said:

Donald Trump had this guy over for dinner don't forget. 

 

And yet when he was doxed where did he go to hide? To his mother's house. 

Sounds like he'd be most comfortable under the Taliban.

Posted
1 hour ago, LaceyLou said:

And yet when he was doxed where did he go to hide? To his mother's house. 

Sounds like he'd be most comfortable under the Taliban.

Closeted or not. 

  • Like 1
Posted

My best off-the-cuff guess here is that (1) he wants to outlaw secondary sales between individuals and have that managed only by the big players, so instead of you posting your tickets on StubHub, you will have to sell the ticket back to the ticket broker at face minus fees, provided they have a buyer already lined up to pay face plus fees (something like a stock market exchange); and (2) special pleading and payoffs by the big ticket brokers will exempt them from having to reduce the exorbitant fees they charge on the primary market. 

 

Posted

How many people are going to have to lose their jobs before people show up on the white house lawn demanding the resignations of all these maga clowns? People don't care until it happens to them but it will happen. It's how he makes things great for him and his cronies. Tear it down and buy it cheap.

Posted
2 hours ago, Tigermojo said:

How many people are going to have to lose their jobs before people show up on the white house lawn demanding the resignations of all these maga clowns? People don't care until it happens to them but it will happen. It's how he makes things great for him and his cronies. Tear it down and buy it cheap.

Initial Unemployment Claims are still holding under 200K so employers aren't pulling the plug yet. Ironically, the public perception about tariffs and that inflation is going to get worse is probably driving some increased consumer activity. That certainly seem to be true with auto sales.

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