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u/khorne3 1d ago
“This is necessary to save America” - party thats been reducing taxes on the rich for 45 years digging the hole we are in now
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u/Jwagner0850 18h ago
It's necessary to line big US corpos pockets with more money. It's clear what he(Trump) is doing. He wants countries to begin importing more US based product, so he's strong arming (with tarrifs) said countries that tariff our shit into dropping their tariffs against us. In theory, this should increase our production again locally, which in turn means more money for big businesses that export.
Literally has nothing to do with helping us. The problem is, the lemmings on the right are gobbling it up while they watch their 401 k evaporate. If his plan does work, let's hope it does before everyone has to work another 20 extra years in order to retire.
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u/wahoozerman 1d ago
If only they had been so self-sacrificing when it came to the inconvenience of wearing a piece of fabric over their face to protect the lives of their countrymen, rather than sacrificing their livelihoods and retirements so the wealthy could have more money.
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u/davidbatt 1d ago
Someone over at conservative claimed this was a price correction.
The mental gymnastics these cult members will go through is quite astonishing
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u/Ghostz18 1d ago
Umm it is a price correction? Have you seen the S&P's chart since 2008. It has been going up for 16 years straight. It literally looks like a pump and dump scheme.
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u/Mattscrusader 1d ago
No it's not, it's market instability. Intentionally too, bottom out the market and buy it for pennies.
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u/Ghostz18 1d ago
So you think number should just go up forever?
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u/Mattscrusader 1d ago
Point out where I said that.
Stocks have fluctuations but overtime the value of the overall economy should be on a consistent positive trajectory, this is literally just Trump crashing the economy and harming all that participates in it (everyone alive)
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u/Kingdarkshadow 1d ago
That's literally what capitalism is...
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u/Ghostz18 1d ago
Literally? You sure? When I look it up it just says "Private ownership of means of production and operation for profit". Doesn't guarantee that you always make money.
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u/wspnut 1d ago
Bruh. If you look at that chart on its own what you’re spouting makes sense. But only if you ignore macroeconomics, inflation, unemployment rates, and things that also matter. It’s completely fine to have a constant upward trajectory as long as those trends are in line. Recent events have created a giant skew in those balances.
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u/Ghostz18 1d ago
Except it's not recent trends. The reason the chart has gone up for 16 years straight is because the federal reserve kept printing money at an insane rate to inject into the market. https://www.depledgeswm.com/depledge/the-us-printed-more-than-3-trillion-in-2020-alone-heres-why-it-matters-today/
This is not sustainable. It's dilution of everyone's money to do such a thing. It was going to correct at some point and this recent pop-topic is just the cover story for it.
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u/shenaniganizer1776 1d ago
So the market was going to crash regardless? It was just coincidence that it happened the day after trump announced the tariffs?
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u/Ghostz18 1d ago
The market has always reacted to short term news. Look up "sentiment trading algorithms". If Trump so much as sneezes then those trading bots will react negatively.
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u/wspnut 1d ago
You’re disingenuously applying emergency actions taken during the pandemic and implying they happened for 16 years? At this point I have to imagine you’re either trying (unsuccessfully) to gaslight a much better educated community or are trolling.
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u/Ghostz18 1d ago
Emergency actions that lasted for 4 years beyond covid? https://fred.stlouisfed.org/series/M2SL
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u/Reign_of_Kronos 1d ago
The number goes up exponentially but the percentage increase is similar over the long term.
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u/mip10110100 1d ago
I remember 5 years ago when my siblings and I in medicine asked our parents to endure short term pain for long term stability when the lockdowns happened. They said short term pain was unacceptable, and we were causing mass starvation and poverty in America.
I asked him about why he flipped sides last night and he said that the Covid lockdowns were stupid and a mistake. So we’ve learned nothing.
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u/VegetaPrime34 19h ago
It wasn't short-term pain we asked for them back during Covid. It was short-term mild inconvenience and they couldn't handle it.
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u/Jwagner0850 18h ago
Tbf, and I'm on your side, people and businesses were asked to lock down. Most small businesses couldn't front that down time as they're usually not making enough money to sustain multiple months of little to no sales.
But yes, I agree. They cried and cried when asked to try and protect themselves and others. The masks were quite literally one of the things they could least do.
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u/getmybehindsatan 1d ago
I just like it when all these free-market small government fans are trying to justify these manipulations of the markets by the heaviest hand of the government.
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u/HerezahTip 1d ago
“It was a bubble it needed to happen”
Just a few months after whining about -1.8% day and calling it the “Kamala-Crash”
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u/johnrraymond 21h ago
short-term pain for long-term pain as well! Horray! So many traitors in america right now.
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u/Sophisticated-Crow 15h ago
They took the "vaccine is going to kill you in two weeks" goal post rockets and attached them to the "he's doing great, this all part of the plan" goal post.
Weapon's grade stupidity.
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u/EmperorKira 18h ago
They can say that all right, but given many of them live paycheck to paycheck, can they even afford wait for this magical long term gain?
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u/storebrand 16h ago
Part of me feels like this is it, time to pay down the deficit and it’s going to be on us. It has nothing to do with tariffs, it’s just a lie to distract us from that fact.
The other part of me sees our leadership and realizes they’re just fucking incompetent.
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u/Nuneasy 1d ago
"Promises made, promises kept"
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u/Glxblt76 1d ago
Trump: "I'll trash the economy"
MAGA: "He's bluffing"
Trump: *actually trashes the economy*
MAGA: "P-promises made, promises kept!"
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u/Ghostz18 1d ago
As opposed to what OP? You think the stock market just goes up forever?
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u/Mattscrusader 1d ago
Was this really the best rage bait you could come up with?
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u/Ghostz18 1d ago
How is it rage bait? The only stocks that go up forever tend to be fraudulent ponzi schemes.
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u/Mattscrusader 1d ago
Your entire argument is a strawman argument and only even remotely works if both you and the reader know less than nothing about the economy or stocks
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u/Ghostz18 1d ago
Your entire argument is an argument from fallacy and ad hominem.
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u/Mattscrusader 1d ago
You clearly don't know what those words mean.
The word fallacy by itself there doesn't make sense and you should be specific about what logical fallacies if you weren't just rage baiting
I never made any personal comments or attacks so no I didn't use ad homenem.
Trump is crashing the economy and you're just trying to pretend like somehow that's not what's going on
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u/Ghostz18 1d ago
You clearly don't know what those words mean because what I said was exactly true. You said I was wrong by pointing to a fallacy (strawman argument) and then you said I don't know anything (ad hominem).
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u/Mattscrusader 1d ago
Again the word fallacy doesn't stand alone, you mean logical fallacies.
I didn't make a strawman argument, all I have done is point out yours.
Saying you would have to know nothing to pass that argument is not ad homenem, it's not a personal attack, it's not even assuming you know nothing if you actually read what I said. Even that wouldn't be a personal attack though.
Just Google the proper use of words next time because this is embarrassing.
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u/TheBQT 1d ago
Oh so now we're acknowledging that unlimited growth is impossible?
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u/DJayLeno 16h ago
"Did you think the airplane was going to stay in the air forever?" he said smugly as they dipped into an uncontrollable nosedive.
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u/Optimoprimo 1d ago edited 1d ago
Yep it's already being deployed out there.
It's fun to press them on it, because they only understand concepts as slogans, so once they run out of talking points parroted from Fox News, they just resort to trolling you.
I don't think these people ever have an original thought.