A self imposed worldwide great depression by a country that was leading the Western world in growth and stability. Has history ever seen such a thing on this scale?
Well it’s 20% on imports from China as of today. Markets are collapsing, GDP contracting instead of growing, inflation rising, and every day consumer prices just shot through the roof. Can’t wait for all the manufacturing jobs to start up, right guys? That’s definitely what companies will spend their capital on in this economic environment, right?
The President is illegally impounding all military spending to Ukraine and lifting sanctions on Russia. Oh and we’re crashing the economy by Presidential fiat. Putin runs this country
So I guess the President can now simply choose not to enforce any laws he doesn’t like. Let’s call it the TikTok principle. Democracy was nice, it’s such a shame to see it gone
Don’t worry! Their future is actually measured by potential to sell personal service robots and will have nothing to do with cars so that surely will explain why the stock doesn’t crater
See, while you are rightly embarrassed by this ambush, the Joe Rogan crowd are only too excited to support it:
No word yet if Theo Vonn is receiving cash for these takes like other right wing podcasters or if he’s just an idiot
It means Ukraine has no leverage without American weapons or aid. It’s just written by some idiot like Dan Scovino so it doesn’t make any fucking sense
Where is the statutory authority to offer this? Can we all step back and remember we have to pass laws in this country? They might not even be able to pass a budget with their own votes through reconciliation- they surely won’t be able to pass anything that needs to beat a filibuster
Prove the fraud! “Fraud” is just now code for “spending I don’t like”. The actual inspector generals had offices and budgets and their jobs were- get this- to root out waste, fraud and abuse. And they all got fired without new replacements. Those people had to hold actual investigations and then make public findings. Now Elon posts lies and then impounds funds appropriated by Congress. What a great system that is definitely about fraud and not just showy bullshit to distract from firing all the regulators trying to hold his companies accountable
I am at the point where I hope they do gut Medicaid by 880 billion and dramatically shrink SNAP benefits without a single democratic rep’s vote. This will disproportionately harm red states and this is what happens when you elect republicans
And the contract was already awarded to Verizon. Either we are going to pay to rip starlink out or we are going to pay Verizon a shit ton of money. Hey I found some government waste after all
Market instability will be followed by measurable job losses, continued high interest rates, increased prices for utilities and groceries, increased trillions to the national debt, increased inflation, and trade wars further harming major industries like housing and auto makers.
It’s probably a great time to be a billionaire- but everyone else is going to get railroaded
They aren’t actually going to try to have a balanced budget. They’re going to add trillions to the debt to pay for tax cuts and they are gutting the IRS. The last Trump presidency increased the deficit more than any other administration
It’s worse than that. The Trump team has elevated radicals who are actively trying to permanently destroy the federal government into cabinet positions. These aren’t Karens angry about COVID safety measures- they are think tankers and Ayn Rand acolytes who were pulled from the fringes and given an opportunity to fuck up all regulatory oversight in every industry. And they’re doing without a single vote from Congress or any new laws actually signed
God bless the journalists who figured this out, but “This ICE attorney is an online white supremacist” has got to be the least surprising thing I’ve read today.
We are shipping brown people to Gitmo and no one knows their names, their citizenship, or if they’ve committed any crimes. Trump’s administration is directing dismissals and prosecutions at the DOJ, and stopping payments or agency actions codified in law. He’s openly refusing to enforce laws like the TikTok ban and when ordered to stop by a court, the legal team just says “well we think this other thing gives us legal authority to keep doing it” and they just keep on doing it. He’s literally called himself a king now.
That’s all to say, it’s not too alarmist to stand up and call out this fascist bullshit for what it is. Trying to cling to the idea that we need to wait for the next shoe to drop is how you boil a frog.
We’re already in the damn pot