r/WallStreetbetsELITE 8d ago

MEME Didn't see this coming

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u/PM_ME_WITH_A_SMILE 8d ago

Crazy how trade wars affect trade

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u/Extra_Espresso 8d ago

Crazy how Kamala Harris wasn't the candidate that ruined the economy.

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u/25thNite 8d ago

It's crazy that people believe trumpers when they say they could never vote for Biden or Harris because they ruined the economy.  Any moron could see they took the disaster that was trumps spending and see how Biden rebounded our economy better than other countries, but even with those gains on the market and inflation going down, every day people didn't see those effects too much so they assumed the economy must be really bad.  It was definitely not the billionaire corporations price gouging people because they realized that they could raise prices and people would still need to buy them to live.   Whenever someone says they voted because of the economy then I just assume they are hiding the real reason, racism and misogyny.

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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 8d 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 8d ago

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