this post was submitted on 08 Nov 2024
109 points (88.1% liked)

politics

19090 readers
4116 users here now

Welcome to the discussion of US Politics!

Rules:

  1. Post only links to articles, Title must fairly describe link contents. If your title differs from the site’s, it should only be to add context or be more descriptive. Do not post entire articles in the body or in the comments.

Links must be to the original source, not an aggregator like Google Amp, MSN, or Yahoo.

Example:

  1. Articles must be relevant to politics. Links must be to quality and original content. Articles should be worth reading. Clickbait, stub articles, and rehosted or stolen content are not allowed. Check your source for Reliability and Bias here.
  2. Be civil, No violations of TOS. It’s OK to say the subject of an article is behaving like a (pejorative, pejorative). It’s NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
  3. No memes, trolling, or low-effort comments. Reposts, misinformation, off-topic, trolling, or offensive. Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.
  4. Vote based on comment quality, not agreement. This community aims to foster discussion; please reward people for putting effort into articulating their viewpoint, even if you disagree with it.
  5. No hate speech, slurs, celebrating death, advocating violence, or abusive language. This will result in a ban. Usernames containing racist, or inappropriate slurs will be banned without warning

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.

That's all the rules!

Civic Links

Register To Vote

Citizenship Resource Center

Congressional Awards Program

Federal Government Agencies

Library of Congress Legislative Resources

The White House

U.S. House of Representatives

U.S. Senate

Partnered Communities:

News

World News

Business News

Political Discussion

Ask Politics

Military News

Global Politics

Moderate Politics

Progressive Politics

UK Politics

Canadian Politics

Australian Politics

New Zealand Politics

founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] dragontamer@lemmy.world 0 points 10 hours ago (2 children)

What if the economy doesn't tank?

The President doesn't have that much control over the economy. That's a fundamental truth.

There will be awful policies but there's no guarantee of an economic collapse here.

[–] militaryintelligence@lemmy.world 3 points 7 hours ago (1 children)

If Trump does what he said he will then there will be

[–] dragontamer@lemmy.world 0 points 7 hours ago

Trump doesn't do what he says he will do. Its pretty much random.

The reliable grift, such as anti-immigramt hate and anti-muslim stuff is obviously coming. And as awful as they will be, I'm not convinced that it will have an obvious effect on our economy.

When we start looking at things like Elon's grift or other Billionaires he's with, the stock market, crypto coins and other assets will go up. It seems unlikely to me that a crash would necessarily occur at the right timing you desire (this is bad for us in the long term. But the modern corporate economics world has become very good at hiding fraud and kicking cans down the road. Elon especially).

If they can hold most money together and make their supporters money (see Cryptocoin and Tesla stock right now), then they have a winning economic message for their core supporters.

Or do you think anyone actually gives a shit about how middle America will feel from this?

[–] zbyte64@awful.systems 1 points 6 hours ago* (last edited 6 hours ago) (1 children)

Markets are cyclic and we're overdue for the AI bubble to pop. But I don't think that automatically means the Democrats can win another presidential election or win the Senate.

[–] dragontamer@lemmy.world 1 points 6 hours ago (1 children)

overdue

That's the problem. Bubbles keep growing until they don't. And there's no way to know when that will pop. This AI crap has been growing since 2016 AlphaGo or even 2012 IBM Watson.

[–] zbyte64@awful.systems 2 points 6 hours ago* (last edited 6 hours ago) (1 children)
[–] dragontamer@lemmy.world 1 points 5 hours ago* (last edited 4 hours ago)

Well, it keeps getting worse until some point. But it took like a decade of shitty CDOs of CDOs finally collapsed in 2007.

It got to the point where strippers (and other not so wealthy people) where buying 2 or 3 houses aiming to flip.

Bubbles always bubble longer than expected


And if Trump does the trillions in tax cuts like hes trying to do, then the economy floats longer