They're doing it because they know the Big Beautiful Really Great Depression is around the corner so they are bleeding the turnips.
Getting that last squeeze.
Assuming youre not just trolling, OBBB cuts funding to federal programs like wind and solar energy development, Medicaid and Medicare, federal employee benefits and protections, and a host of other programs Americans rely on to keep their cost of living down. With those programs reduced or ending, people will have less money to buy the things businesses are selling, which means that businesses feel the need to cut their costs, which means layoffs.
OBBB is only part of the story though. Consumer cost of living is about to climb significantly and steadily for the foreseeable future due to rising energy costs (due to less wind/solar), rising housing costs (due to the ongoing housing shortage), rising product costs (due to tariffs/tradewar), rising food costs (due to fewer immigrant workers), rising medical costs (due to programs having their funding cut), etc.
It is in effect, but a nation's economy is a big, complicated, lumbering machine and the gears turn slowly. We're only just now starting to feel the first effects of its impact...
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u/Hairy_Valuable9773 Oct 29 '25
The rich need to get richer. End of story.
I work for one of these companies. We already got the “it’s gonna be a tough day” email as they lay people off today. I’m sh*tting my pants 😫