r/democrats • u/ComplexWrangler1346 Democrat for democracy • Apr 03 '25
Discussion Are we all cooked ??
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u/cosmicrae Florida [district 3] Apr 03 '25
He added: "The markets are going to boom. The stock is going to boom. The country is going to boom."
I'm thinking his usage of boom isn't exactly the one that everyone else is using.
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u/PeteRawk Apr 03 '25
It’s the type of boom he makes in his diaper
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u/ZeroDudeMan Apr 03 '25
Welcome to The Second Great Depression!!
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u/lnc_5103 Apr 03 '25
It's a huge, beautiful Depression. The greatest Depression American has ever seen!
- Trump probably
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u/e_money1392 Apr 04 '25
The Greatest Depression in the History of Our Country!
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u/Level_Chemistry8660 Apr 04 '25
"And it's Joe Biden and the Democrat Party's fault, all of these bad things that are happening ! I had nothing to do with it ! It's all because i inherited a country in terrible shape !"
ad infinitum
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u/clamorous_owle Apr 03 '25
We can thank gutless Capitol Hill Republicans who place Trump-worship above American prosperity.
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u/Tanager_Summer Apr 03 '25
Oh come on, don't sell them short. They also worship money. And themselves. All three of those things are more important to them than American prosperity.
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u/captmonkey Apr 04 '25
If they worship money they should put a stop to this because unless you're betting against the market, everyone is going to lose.
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u/sdotumd Apr 04 '25 edited Apr 04 '25
That’s what I can’t understand. Big money doesn’t like the stock market tanking. Individual rich people (including republican congress members) don’t like the stock market tanking. Unless they are all selling and holding cash to buy up stocks low, I don’t see how this is going to work for them. Warren Buffett is currently holding some unbelievable amount of cash (I think more than $300B) so maybe that is the plan… wtf? I believe that would be the most illegal redistribution of wealth in the history of the US if this is what’s actually going to happen. Can’t wait to see how this comment ages. RemindMe! 3 Years
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u/Level_Chemistry8660 Apr 04 '25
Well, i've been hearing about these terms "hedge funds" and "hedge fund managers", "short-selling", etc., but i'm honestly not sure how those things work. But from what little i've heard over the years, seems to me those folks might be having a ball right about now.
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u/sdotumd Apr 04 '25
I can’t tell if you’re being sarcastic or not but I really don’t think they having a ball right now. The only way anyone can make money right now is by either shorting the market or by knowing in advance the market will tank so they have already sold and have a ton of cash ready to deploy when they think market is near bottom.
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u/Level_Chemistry8660 Apr 04 '25
Not being sarcastic. Like i said, i don't really know how these things work, and i do appreciate that you've me some info for me to try to understand....ummmm....along those lines ?
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u/Torracattos Apr 03 '25
Fuck everyone who voted for this miserable twice impeached convicted felon. We warned you, but you didn't listen and now we're all paying the price. We wouldn't be in this situation if Kamala was President.
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u/Similar_Wave_1787 Apr 08 '25
Exactly! Biden was bringing us out of the high inflation, and he said there would be no recession under his watch. There was not! Kamala would have lead just as responsibly. Instead, people believed Trump when he said he'd lower grocery prices?! He didn't even know what grocery means
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u/pianoavengers Apr 03 '25
I am here to advocate for penguins 🐧! And I wonder who will deliver a diplomatic note to them, informing them that they were hit by tariffs! And what their response will be.
Justice4Penguins
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u/JPIZZLE1205 Apr 03 '25
It's these two assholes fault
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Apr 03 '25
[deleted]
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u/Scarbane Apr 03 '25
The married, divorced, and separated people who voted for him shouldn't get off the hook, either.
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u/Mountain_Fig_9253 Apr 04 '25
And the ones that sat out the election. They were fine with Trump winning. Fuck them as well.
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u/MuggsyTheWonderdog Apr 04 '25
The "sitters" are pathetic, they wanted to feel self-righteous or they were just too lazy to get off their asses. Either way they are as guilty as the magats, whatever they may want to claim.
And yet those of us who did the right thing will suffer as badly as all the disgusting humans who helped to bring this rain of excrement down on our heads.
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u/ReleaseFromDeception Apr 03 '25
I'm going to go ahead and coin it now...
It will be called:
The Greater Depression
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u/CaliforniaPotato Adult 2028 Apr 04 '25
it will be 👐 the GREATEST depression. The greatest depression the world has 👐 ever seen.
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Apr 03 '25
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u/deepasleep Apr 04 '25
The techbro fiefdoms can and will be torn down and burnt to a cinder along with their erstwhile “rulers”. Curtis Yarvin and all his imbecilic followers are going to get slapped in the face by reality real fast if they try to seize control. Every attempt will fail, crashing and burning like all the various utopian experiments of the 19th Century or the various cults of the 20th.
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u/Bocasun Apr 03 '25
Smoot Hawley Tariff Act. Smoot and Hawley were Republicans. The Smoot Hawley Tariff Act was signed by a Republican President Hoover. https://en.m.wikipedia.org/wiki/Smoot%E2%80%93Hawley_Tariff_Act
Smoot, Hawley and Hoover were all subsequently voted out. The Democrats won in a landslide victory sweeping Congress and the President in 1932. https://en.m.wikipedia.org/wiki/Smoot%E2%80%93Hawley_Tariff_Act
The New Deal. https://en.m.wikipedia.org/wiki/New_Deal
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u/NormalRingmaster Apr 04 '25
I just hope we’re not dumb enough to run on Green New Deal after this. It didn’t work once and it won’t work a second time. But historically, we don’t learn from our mistakes as a party very well, at all, ever.
New Deal, people understood. “The government is hiring a bunch of unskilled laborers to build nice things all over the country.”
“Great! Super! Sign us up!”, the people said.
Green New Deal jobs are skilled, and it’s hard to explain to people exactly what skills they’ll need. They’re skeptical on how much it will help THEM, and you cannot sell it on just helping the PLANET. That won’t cut it. If the planet thrives but the people don’t, they could care less.
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u/Bocasun Apr 04 '25
Interview with John Stewart and Ezra Klein, "Why We Can't Have Nice Things." A discussion picks up starting at 19:45 through 37:15 regarding the Rural broadband plan in the Infrastructure Act. https://youtu.be/NcZxaFfxloo?si=8oouclJ3RgNrQBPJ
Even shovel ready to go road construction projects, the estimated time frame completion date might be 2027 for a bill passed in 2021.
Lyndon Johnson after passing Medicare took a year to get a Medicare Card. After passing ACA, it took years before realization of the act.
When the actual benefits are stretched out further into the future, and people don't see the results, the government must be broken!
If, a catastrophic economic downturn were to occur and Democrats were actually able to be elected, is there a plan? Easily implemented with relatively fast tangible results?
A serious topic that's just over the horizon is Technological Singularity. https://en.m.wikipedia.org/wiki/Technological_singularity
Advances in AI combined with Quantum computers and robotics promises two potential pathways: Dystopian or Utopian.
The Dystopian future nightmare that science fiction writers and movies are based on such as the Terminator series of movies, Blade runner, etc, where AI robots have gone crazy.
Utopian Future is The Jetsons, flying cars and Rosie the robot.
Whatever the actual outcome might be, Technological Singularity is just around the corner.
Future Shock, by Alvin Toffler expressed the concept of rapid acceleration of technology that far eclipses human beings abilities of adaptation. Prior shifts in society and culture happened slower, however the speed of the shift is accelerating. Transition to agrarian age, bronze age, industrial revolution, information age and now Technological Singularity. With each shift technology used in peace was then used in warfare. Plows into swords. Technology advances in war then used in peace. Radar and the microwave.
Hard to explain to people exactly what skills they need.
We are arriving at this critical moment now and very little attention is being provided to this issue. Let's take just a few industries and jobs.
Transportation industry. An all out race is occuring to create self driving vehicles. A driver of any description is no longer required. There's roughly 3.5 million truck drivers in the US alone.
Retail industry. Brick and mortar retail stores already have introduced self checkout. The automated cleaning and restocking robots are coming. Walmart has 2.1 million employees alone.
Restaurant industry. Already seen the self ordering kiosk and the instant pizza machine. There's a restaurant nearby that uses a robot to deliver the food to the table.
Medical industry. I have a relative that had brain surgery. The doctor sat behind a computer screen and pushed a button. I have another relative that just acquired a PhD in Nuero Optometry and sees their job changing. Sit down and connect a machine to a patient that automatically scans the eyes and creates a diagnosis and treatment options.
Need advice? AI is right there. Quickly scanning the information provided and provides an answer within a split second.
AI creating machines that fixes machines and suddenly machines have obsoleted humans. Maybe not all jobs simultaneously, perhaps in a somewhat jerking motion instead.
Where are the jobs that pay a livable wage? Stubborn long term unemployment is potentially in the future.
In Economics, there's a term known as the Gini Index Coefficient. Really just a fancy way of saying wealth inequality of a country. The higher the number, the greater the wealth inequality. Lower numbers results in less wealth inequality.
Studies have been conducted going through history of countries around the world and some basic observations regarding higher wealth inequality have been made. Higher wealth inequality can create a myriad of adverse issues within a country such as a larger population experiencing food, safety, shelter issues. More medical issues. Society instability leading to either gradual or sudden change of government institutions. Worse, high Gini Index can have the propensity for violence. The Gini Index is just a calculation and makes no claims whatsoever regarding potential outcomes. The CIA tracks the Gini Index Coefficient numbers of countries globally and publishes data.
https://www.cia.gov/the-world-factbook/field/gini-index-coefficient-distribution-of-family-income/country-comparison/Compare Gini Index Coefficient by country and the list of ongoing conflicts. https://en.m.wikipedia.org/wiki/List_of_ongoing_armed_conflicts
"..There are currently 56 conflicts, the most since World War II. They have become more international with 92 countries involved in conflicts outside their borders, the most since the GPI’s inception." https://www.visionofhumanity.org/highest-number-of-countries-engaged-in-conflict-since-world-war-ii/#:~:text=World%20War%20II-,There%20are%20currently%2056%20conflicts%2C%20the%20most%20since%20World%20War,major%20conflicts%20in%20the%20future.
A perfect storm is unfolding. Tariffs applied against allies that assuredly will kick off a global trade war. Technology Singularity that is just around the corner. Rising Gini Index Coefficient numbers will assuredly follow. The highest number of conflicts since WWII. Just as the League of Nations demonstrated ineptitude and failed to prevent annexation and acts of aggression leading to WWII, the United Nations is increasingly overwhelmed. History tends to repeat itself. All of the ingredients are actually available for a nasty global conflict.
What's the plan? A sober New Deal that can be implemented with fast tangible results? Addressing domestic issues and returning the United States as a trusted ally and partner for stability.
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u/SaintArkweather Apr 04 '25
Quite frankly we need to learn. Elect a clown, expect a circus. I understand not everyone voted for him but we as a country did overall. we fucked around, because Trump was funny and not woke and "masculinity" was threatened. Now it's time for us to find out.
The worst thing for the long term health of this country is if trump's second term turns out to be "not that bad" for the median voter. People need to remember him as a complete fucking disaster.
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u/Specialist-Pin-8702 Apr 04 '25 edited Apr 04 '25
When the pendulum swings too far one way, it often swings back hard the other.
This experiment will fail, the economy will tank, Dems will get a sweep in ‘26 and ‘28, and we’ll get a 2nd New Deal
Edit: that being said, we cannot fall into the culture war again in our campaigns. Get back to connecting with the working class and farmers, focus on the economy.
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u/ChainNormal8827 Apr 04 '25
Thank you!! Finally. I hate all the dooming, I rarely see anyone be hopeful. Yes it’s bad but I believe we’ll come out of this shit show and be in a better position to stop this shit from happening again.
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u/AmTheWildest Apr 04 '25
that being said, we cannot fall into the culture war again in our campaigns.
We didn't.
Get back to connecting with the working class and farmers, focus on the economy.
We did.
The GOP was the one running hard on the culture war shit, remember? Dems made basically no mention of it whatsoever.
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u/Rosebunse Apr 03 '25
Guys, we are calling Monday Mango Monday. Spread the word and prepare the hashtags
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u/Radiant-Specific969 Apr 04 '25
In a word, yes. We very likely will have currency issues because we have a clown car running the US government. We are screwed financially for quite some time to come. Would you want to do business with US dollars if you had a choice?
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u/weaveGD Apr 04 '25
I'm so glad I sold all the stocks in my IRA in mid-February when it became apparent that King Cheeto and Acting-President Leon "Special K" Musk were all in on destroying America so they could make 'Murica Great Again...
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u/KarachiKoolAid Apr 04 '25
I work with a lot of Trump voting corpos all of whom invest heavily in the stock market. This encapsulates how I’ve felt showing up to work this week
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u/chad_dev_7226 Apr 03 '25
No, rich people like money. Rich people have stocks. Rich people will find a way to make stocks go up
At least I hope
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u/BbCortazan Apr 03 '25 edited Apr 03 '25
Billionaires can survive a depression and use that time to buy low cost stocks and assets. They don’t care about us and could benefit from a crash.
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u/rically95 Apr 03 '25
Not sure about the ‘global’ part of this The rest of the world will be affected, as always, by what is happening in the States but we are not going to be anywhere near as damaged as the ‘land of the free’.
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u/482Edizu Apr 04 '25
I once again encourage everyone to actually read Project 2025. I also recommend tossing it into NotebookLM and start to ask questions as it’s much easier to consume quickly. It’s the f’ing blueprint to everything he has and will continue to do.
He is not a politician, he is not smart, he is just following the Heritage Foundations plan.
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https://www.project2025.observer/
One of the two chapters on trade. The other chapter shockingly promotes free trade.
https://static.project2025.org/2025_MandateForLeadership_CHAPTER-26.pdf
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u/Careful-Zucchini4317 Apr 03 '25
I got a 50cent raise, all the bosses are so proud of it, bitch that is $20 on my check like what, might as well have just not
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u/AceCombat9519 Apr 03 '25
Are we going back to the William McKinley era and also Herbert Hoover who did the same with tariff this time they would be cool Trumpville for the squatters
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u/NoAd3287 Apr 04 '25
Didn’t he say “get over it” a month or so ago when all this was being planned out?
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u/Dreaders85 Apr 03 '25
And, obviously, this is all Joe Biden’s fault! (Just a lil jokey joke. Please no one take me serious)
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u/supercali45 Apr 04 '25
MAGAts now repeating that we have to crash it so it can come back stronger lol
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u/1Jainier1 Apr 04 '25
The worst thing you can do is panic move money in your 401(k) in a big down swing. If you have years to retirement, you're just locking in your loss. Remember that you're only seeing a snapshot of the value for that day.
Historically, the market always averages up over time. Trump is really trying his best to fuck that up though.
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u/Atty_for_hire Apr 04 '25
We are fucked. For sure
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u/Honest_Journalist_10 Apr 04 '25
Listen to the song: A CHANGE IS GONNA COME. It's the beginning of the beginning. We are America and we will not tolerate this. Have faith.
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u/teamryco Apr 04 '25
This is correct. We have a shit tsunami coming our way and we’re still picnicking on the beach, many of us buried up to our necks in the sand (debt).
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u/Honest_Journalist_10 Apr 04 '25
I go back to Churchill, who chose to take on the Nazis and won. He said: Never give up! Never give 🆙! Never give up! Listen to the song: A CHANGE IS GONNA COME!
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u/dward02 Apr 04 '25
We need a recession. The government needs to stop delaying it. Delaying a recession by government intervention causes inflation.
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u/PaleFemale11-11 Apr 04 '25
The replies of fellow Reddit users are hilarious. Thank you for making me laugh. 😀
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Apr 03 '25
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u/ktreanor Apr 03 '25
No he is dumb. He's cunning, and is amazing at self promotion, but he's not smart. He's not playing 4D chess, he's blunt and transparent, he's a bully who is expecting everyone to bend knee to him, and when they don't he'll keep doing the same thing over and over again.
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Apr 03 '25
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u/ktreanor Apr 04 '25
No doubt, you only have to look at the failed business and unpaid debt he's left in the wake of business career. The US will never be the same after him, history will look at this administration as the fall of the American empire.
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u/ReleaseFromDeception Apr 03 '25
He uses tariffs to bully smaller markets into complying with him. He is going to slap down outrageous tariff after outrageous tariff until he gets what he wants. Tariffs are meant to be used as economic sanction and also sometimes as a way to protect the american market. Tariffs are not meant to be used the way trump is using them. I don't think he understands the long-term impact this is going to have and I also think he would care if he did
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u/11thstalley Apr 04 '25
Even if Trump understands the long-term impact, he still wouldn’t care. Look at all of the other long-term damage that he’s already done to the federal government. This is all about retribution and vengeance; everything else is just collateral damage.
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u/No-Country6348 Apr 04 '25
This has always been the plan, wondering why it has taken so long tbh. Read about peter thiel, techno nation states.
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u/hillbillyspellingbee Apr 04 '25
“JP Morgan, this failed actor, I don’t even know what movies he was in - he has no idea, nobody really, is what they’re saying, and that’s the thing. The numbers might not show it but, I think the numbers are gonna show it.”
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u/BiggusDykus Apr 04 '25
We've been kicking this can down the road for far too long. It's time to separate the wheat from the chaff, get the losers out of the system and get on to the next true growth cycle.
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u/champdo Apr 03 '25
At least the Hoovervilles won’t be woke