Frank wrote on Dec 12
th, 2024 at 11:31am:
SadKangaroo wrote on Dec 11
th, 2024 at 4:15pm:
Leroy wrote on Dec 7
th, 2024 at 9:44am:
Isn't it great waking up now knowing that Trump is in charge now after his landslide win.
Everything seems so much better and brighter, people are rejoicing and the future is so bright.
I have never seen the world so happy.
Perhaps your distance from the United States will insulate you from the grim consequences of his policies.
The erosion of healthcare, the gutting of social security, rising costs of living, suppressed wages, rampant inflation, soaring interest rates, and the systematic dismantling of environmental protections. These measures prioritise corporate greed over public health and environmental sustainability, paving the way for a more precarious and unhealthy existence for all in the US.
It’s unfortunate, really, you truly deserve to experience the harsh reality of what you so ardently support.
None of this was planned or happened under Trump 1.0 and none of these are his policies for Trump 2.0 and none of this will happen.
It all starts with his blanket tariffs.
Blanket tariffs, which are not carefully crafted to protect specific local industries, have generally proven ineffective. Research and historical examples demonstrate that blanket tariffs lead to higher costs for consumers, retaliatory measures from trade partners, and disruptions in global supply chains. These tariffs can also harm domestic industries reliant on imported materials, as well as sectors targeted by retaliatory tariffs.
This then drives up inflation and, in turn, interest rates.
Trump, a Republican President in a Republican-controlled House and Senate, is unlikely to implement anything but trickle-down measures to address this when, knowing his inability to admit fault, it will already be too late.
Will they take any support measures that directly assist the people who will be impacted the most by the negative outcomes of his policies? No, of course not.
Trickle-down baybeee!
They'll resort to cutting regulations to benefit the big end of town, resulting in fewer protections for workers and the environment, all to save costs.
Once the Nasdaq and overall stock market look good, even if people have less access to healthcare (an estimated 2.3 million lost their healthcare in his first term as a direct result of his policies), are earning less, and suffering under worse employment conditions, the job's done from Trump's point of view.
The people don't matter as long as he has good stock market numbers to point to when he's talking to the press on the way to his helicopter.
If you want to talk about Trump's first term, that's exactly where I'm drawing this playbook from.
Trump's focus on the stock market overlooked the broader economic conditions faced by many Americans, such as wage stagnation, job insecurity, and rising healthcare costs. The stock market primarily benefits those who own stocks, which is a smaller, wealthier segment of the population. As a result, gains in the stock market did not necessarily translate to improved living conditions for all Americans.
The Trump administration's policies, including tax cuts and deregulation, aimed at stimulating economic growth and benefiting businesses, which in turn were expected to create jobs and boost the economy. However, the benefits of these policies were unevenly distributed, leading to criticism that the administration was more concerned with stock market performance than addressing the economic challenges faced by everyday Americans.
Combine that attitude with a fully Republican-controlled House and Senate, and the recklessness of blanket tariffs, and how is what I've described not simply inevitable?
Well?