If nothing else, it'll be fun to see MAGA try and balance their cultish devotion to Trump clashing with their love of complaining about things getting worse.
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Just remember that "the economy" really stands for "rich people's yacht money" -- by that metric it's doing great.
Forbes: "The stock market is doing really well."
MAGAs: "YAY!"
Me: "The stock market has nothing to do with YOU!"
I mean, it sort of does, particularly as far as retirement is concerned. I know some MAGA diehards that are, to a significant degree, judging by the metric of their 401k/Roth retirement savings accounts, and the value of those accounts are necessarily going to be tightly linked with the overall performance of the stock market by virtue of the fact that they are investment account.
Now, if we’re being honest with ourselves, the US stock market has been largely decoupled from reality since at least 2008. Consequently, the current state of the stock market no longer functions as any kind of meaningful metric for economic health. It is, in my view, just a system for speculation which exists to transfer wealth out of the pockets of the people attempting to beat the market and into the pockets of the people who already have enough money or influence to make the market. Even decoupled from reality as it is, however, I find it a dubious prospect that the line can ever keep going up indefinitely - they never do, and especially not when so many other (arguably more concrete) economic indicators are pointing the other way.
Looking at you, load-bearing (and suspiciously bubble-shaped) AI hype, looking at you.
Should such a crash happen, I’ll be very excited to hear what rationalization they pivot into this time. Who knows, maybe Trump will get control of the fed like he wants and then we can throw hyperinflation (and likely a subsequent de-dollarisation) into the mix to really take the already roaring garbage fire up a notch. I’m certain that this fascist will be just as cautious and responsible with the money cannon as his dictator peers have historically been.
When he says “america” he means himself. When he says “the economy” he means his bank accounts.
I’m not being glib, I’m being literal. L’État, c’est moi. He has merged himself with the state.
He’s lowered prescription drug prices by 1500%, too.
Like numbers mean anything to this deranged ape.
42% still thinks Diaper Donnie is doing an excellent job though.
Good time to be a grifter; good time to be an extortionist; good time to be a politician with his own cryptocurrency. Nothing else is real.
Hmmm, sounds like a good time to bring a group of 2A loving friends with you and extort your local MAGAt officials. You know they're raking in tons of dirty money. Show like ICE(masked up, refuse to show badges or ID) and take what you want from them. If they resist... They had something to hide. Disappear them. Concrete and 50 gallon plastic barrels are cheap, and lakes/rivers/oceans are plentiful
At what point does this insanity end America? Are you not embarrassed enough yet as a country
At what point does this insanity end America?
We're not even in Bush-Era levels of economic crisis. Obama couldn't win a Senate seat on these terms.
If anything, we're still riding the lingering high of post-COVID revival of ZIRP and the Fed Free Money Machine. The dominoes Trump started knocking over at the start of the year are still tumbling. Quite a few of us are fully removed from the consequences to date.
FFS, we haven't even been hit with a hurricane yet. Talk to me after another Harvey or Katrina, when we're looking at some real acute social crisis. Talk to me when unemployment gets north of 5%. The BLM / Occupy levels of public dissidence doesn't pop off until we're in the 6-10% range.
Are you not embarrassed enough yet as a country
No. We won't properly be embarrassed until its a personal problem we can blame on the President. Right now its all someone else's problem. The college kid's problem. The migrant's problem. The guy on Medicaid's problem. Right now we can do the funny memes on LeopardsEatingFaces sub where we joke about how Trumpies are getting what they deserve.
Talk to me when I'm out on my ass with an eviction notice because my industry just fired half its workforce. Talk to me when the local grocery store is emptied out by a hedge fund that's bankrupted the agricultural supply chain. Talk to me when its my turn to get a knock at the door from ICE.
Then I'll be embarrassed. Now I'm content to be smugly dismissive of everyone else.
You're an idiot
Dude's not wrong though.. the level of cognitive dissonance in the American public is breathtaking. Once the fox starts to gnaw, as they say.. It'll be a different story.
Jesusfuckinsaurus, I can hear the whoosh from here.
I'm embarrassed af. I'm being as vocal as possible and preparing for any eventuality
I'm sure it's going A+++++ to the 10th power.....for him.
He's got the grift and fraud machine firing on all cylinders. And no one is stopping him. People giving him planes. People funneling billions to him via crypto.
Eh, does it though?
His "coin" https://coinmarketcap.com/currencies/official-trump/ went from 40B to 6B in less than a year, top holders owns 80% (I imagine him), others top 10 get few millions at most and everybody else has 8%. That looks like a pretty bad outcome even for bribes.
Considering that it cost him nothing to create the coins, I'd say he and his fellow top-holders have gained $4.8B. The 20% they've already converted to cash, mostly in the beginning, north of $25, is another $6B. When you're selling a stock of free bytes, it really doesn't matter what the rubes are willing to pay each other in the secondary market. They've already cashed out: anything left is just gravy.
cost him nothing to create the coins
I doubt it. Sure it's not infrastructure and I don't know who gave him money and why but I imagine they had expectations. I imagine he promised more than his beautiful smiles. He might not deliver on his promises (as usual) but if those aren't donations then the people who didn't spend a few billions for favors will reconsider their "investments".
I don't know the cost of doing an ICO, given all the shitcoins out there, I don't think it can be very much.
Even if it cost him several million to set up, he and his family and whoever else is cut in likely made out with a lot of money...
And I'm not sure his crypto money-making schemes are limited to his shitcoins....I thought there was indication that money is being funneled to him for bribes via other means on the crypto market but I don't remember the details.
More like "Trump grades his personal economy", mostly due to bribes and grifting.
This is some North Korea level deception.
Five pluses, huh?
He's actually coming out of hiding? Hey PA. show him how your grandparents dealt with fascists in WWII
More like ASSSSSSS
You need to understand that politicians and billionaires use a different dictionary. In that one, 'economy' is defined as 'rich people's money, assets and influence'. Applying this definition, everything makes sense.
Says the man who doesn’t buy “groceries” but thinks it’s a made up word.
Honestly, it's like listening to a child, trying to lie to you. Everyone knows that a really great economy has SIX pluses!
"That affordability thing is fake news. All of my billionaire friends have been able to afford more than ever."
I should sell stocks…
Says the demented and out of touch old fool who's never missed a meal in his miserable life.
And wildly his stupid, demented, dipshit dumb fuck, dumb ass moron, troglodyte base will believe it and echo it at max volume at any given opportunity.
They themselves are losing everything to Trump and will demand you believe the opposite lest you contradict their god-emporer.
Ran into an idiot at a bar that kept claiming up and down his cost of living has gone down and his groceries aren't expensive. Literally everyone around him called him a dumbass. It seemed like he was literally so dumb that he was just told that the cost of things had gone down so he believed it.
Are you all so happy with the massive amount of greatness that's been restored to America?
We sadly live in a post-truth, vibe-based political culture. Anything bad that happens is because of the Other Guys™, everything good that happens is because of Our Guys™.
Donald Trump can say whatever he wants and his followers will believe it, because the truth and facts and statistics and other such measurable and objective bars for success aren't as important as how Trump makes them feel like they are getting everything they wanted. Even if they know they aren't.
If literally anyone in the world in a serious position said literally anything had that grade I would not believe them.
Basic foodstuffs have increased in price by an order of magnitude in the last decade.
You can always tell when Trump knows he's in the shit because he doubles down.
I'm just an average person but idk where " people are struggling " iscoming from. Everywhere I go all I see is people buying the new iPhone, TV , Switch etc... So yea someone please educate me.




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