It's not wild at all. Is this your first experience with this?
The Brookings institute did some studies a decade ago, long before Musk rose to real public fame/notoriety...and a few names of billionaires leading the way with political influence at the time included but were not limited to:
Bill & Melinda Gates
George Soros
Michael Bloomberg
Tom Steyer
Mark Zuckerberg
That’s why I don’t get the blanket labeling. Not meant to be a comprehensive list but this is how I think of it: Bad for America/spend as much as we can afford: Hitler invading Europe Saddam invading Kuwait Brezhnev invading Afghanistan Putin invading Ukraine Iran/Hezbollah/etc…attacking Israel Don’t get involved/waste of American dollars: Saddam/Iraq 2001 Afghanistan 2001
Better for both ours and the world’s future for us to be the biggest swinging dick than to sit idly by and wait for a line to be crossed that’s unrecoverable. How powerful do you want Russia or China to become? If you need evidence, look back on literally any empire in history that’s now non-existent.
I tend to think we can reduce the waste in rampant government spending and that alone would be hundreds of times more valuable to the American people. Supporting disadvantaged countries against enemy aggressors is important to the well being of both our country and the planet long-term. Morally, it’s the right thing to do, too. I know they aren’t Americans but we’re all fucking people and most of those citizens don’t get chances, either. I’ll prob be negged for this, whatever.
Macro…a drop in real estate prices would be bad. Micro, a drop would probably good if not great for those who prepared. Look back over the last 100+ years and hopefully you’ll see, you really shouldn’t want housing prices to drop…unless of course you are part of that (micro) minority that’s liquid and able to take advantage of a situation that’s bad for most Americans. We created a lot of millionaires and increased a lot of wealth post-2007. Rates should settle in 2025 but don’t expect a return to 3%. I admit I have no way of knowing how we incent first time homebuyers and people who deserve homes without creating situations where the wealthy can take advantage. But, I think wages and productivity should be more the focus here. One thing we do really need is for government to operate more efficiently. We’ve gotta get Congress out of this paycheck to paycheck lifestyle.
Can we talk seriously about this? Trump’s economy over the first 3 years was fine. It continued a “mostly” positive trend seen during Obama’s first 8 years and leading up to 2020, produced no real signs of issues remotely like we saw in say, 2007. 2020 through 2023 should be thrown out. Nothing that happened within this period of time will remotely repeat itself in our lifetimes, and the effects we’re dealing with today need tremendous leadership to continue to overcome and that’s not going to come solely from the executive branch. We need more effective bipartisan leadership from within congress and the fed.
Data is funny but at the beginning of Trump’s first term, there were roughly 550k cases of deportation on court dockets. When he left office, the number was around 1.3mm cases. Today, it sits at roughly 2.1mm cases. Don’t see a lot happening with deportation in the next four years. Work to control the influx and let’s go from there. Sorry bro.