r/WallStreetbetsELITE • u/GenericAptName • 8d ago

MEME Didn't see this coming

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u/jawndell 8d ago

I think the fact that they were able to curb inflation without driving unemployment up will be studied decades from now.

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u/Disastrous_Motor506 7d ago

Dont speak too soon. Wait until Q2 unemployment numbers come out.

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u/RyBread 7d ago

Q2 employment numbers will be from Trump’s actions.

They’ll be discussing how Trump screwed the incredible Biden recovery within two months of taking office the second time.

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u/Disastrous_Motor506 7d ago

100% agreed. Even though I agreed that the government has waste, you can’t just use a chainsaw to cut everything because things are interconnected. For example, Boeing, Tesla, Amazon, EY, Oracle, SAP, etc. all have large government contracts. Funding cuts will trigger large lay-offs. Not to mention thousands of grants being stop and federal employees being fired. I predict that unemployment rate will go up over 5% in upcoming report. However, I guess Elon, Bezos, and Boeing are safe.

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u/heckhammer 7d ago

In countries with decent education and a non-fascist government, sure.