It's obvious. But don't worry, MAGAs will find a way to blame it on Obama.
this post was submitted on 08 Nov 2024
178 points (95.4% liked)
politics
19089 readers
3876 users here now
Welcome to the discussion of US Politics!
Rules:
- 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:
- 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.
- 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.
- 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.
- 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.
- 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
• Congressional Awards Program
• Library of Congress Legislative Resources
• U.S. House of Representatives
Partnered Communities:
• News
founded 1 year ago
MODERATORS
"It's the Democrats' fault because they let Trump win!"
"Millions of Americans said no let's not prevent a trump victory, so this is on them, folks!"
That will be the tack the "liberal media" will most likely take. Also, Tucker made the statement that he will be forced to embrace fascism, because of the Democrats being so "extreme" or some such shit.
What have Democrats been "extreme" on, I'd like to know. I mean actual politicians.
at this point, if i get to see them suffer, then whatever
Yeah no kidding. I have ample means to weather the economic shitstorm that his voters just ushered in, and I look forward to seeing every pro-Trump bum in my life wallow in it. That probably makes me a bad person, and it certainly revokes any “working class solidarity” credibility I ever had, but these people will never learn to help themselves and I don’t care anymore.
I'm worried about my retirement savings. I hope to retire in 10 years and if i lose too much in the next 5, i don't have much time to build back up. Are you moving money?
I've been telling myself that those of us with retirement savings will be fine. I actually think the market will thrive. Isn't that's the true goal of the republican party? But the people living paycheck to paycheck without any form of savings or investments, who happen to be the ones that voted him back into office, are screwed.
At least that's what I'm telling myself.
I mostly agree with ski11erboi’s response. I’m actually not overly concerned with market performance - I would be surprised if Trump’s handlers allowed him to do anything so destructive to their interests. But if you think the prices of gas and eggs are bad now, just wait until we have a mass deportation and tariffs on imported goods.
If there’s anything to be concerned about as you approach retirement, I’d put social security at the top of the list.
Yeah. Worried about having to dip into savings for monthly expenses. I'm in Texas, so energy costs are always a concern. As you mentioned, concerned about delays and decreases in social security and Medicare in the future. I guess I'll leave money where it is, try to reduce spending, and try to increase liquid savings.
My 401k lost value significantly the week before the election, but has rebounded now. The slime balls who dominate the stock market must have been afraid that Harris would win. This country is disgusting.
I don't disagree, but a lot of that is uncertainty being resolved (for now). Most economists liked Harris.
Oh, I know. But flighty rich conservative assholes give no shits about economists
They know they'll win anyway. What's going to be interesting is when they realize being a multi millionare doesn't qualify them as rich enough for that to be true for the level of shit hitting the fan that's coming up.
Yeah, I laughed at the "market fundamentals" when I saw that. Same for seeing how crypto reacted. JFC.
The market is based upon vibes and has been for a while now.
It's impressive we give so much control of our financial instruments to idiots who obviously don't fully grasp how tariffs and protectionism work.
Makes me wonder what would happen if a government funded and operated pension fund were setup. Basically like social security but ramped up to fully cover the cost of retirement for all Americans.
I also wonder how that would realistically impact macroeconomics if the money were simply printed instead of budgeted to avoid the problems of expecting infinite growth and a growing retirement population as people live longer and populations shrink. There seems to be some growing economic questions as to if measured money printing can be beneficial to an economy, and doing so for social good, even social security if you will, might theoretically stave off deflation. It would probably become a useful dial for the Federal Reserve to adjust in persuit of its dual mandate as well, increasing or decreasing how much of the fund is printed vs budgeted as needed. Maybe that could even become a third mandate of managing the social pension fund to ensure comfortable retirements
Yeah. I wish I had a choice. I always thought the stock market was a fucked up idea. Rich people gambling with other people's money. Like you said, awesome we structured our whole system around the idea.
No, they threw in more money on the bet that everyone else would do the same. Nothing to do with liking either candidate.
I don't understand. How would people investing more cause my value to drop? I'm admittedly very ignorant on the topic, so don't take this question the wrong way.
My guess: The pre-election drop was probably the usual investor jitters before a major event. The rebound was from people betting that other people would throw in money after a Trump win. Does that make sense?
Oh yep I gotcha, that does make sense
What do you mean?
Blanket tariffs on all foreign imports surely won't raise prices on items not produced locally, thereby allowing retailers to raise prices on all items across the board.
You'd have to be crazy to believe something like that.
MAGA-flation. Republican -flation. Trump is a lame duck, but MAGA will survive. Messaging that ties everything that Trump fucksup to him alone gives Republicans in 2 or 4 years room to duck the consequences (I didn't do it, Trump did it, I don't agree with everything he did, blah blah blah). We need to make sure to tie everything Trump does to the whole Republican party now, so they all pay the price for letting Trump take over their party and fuck the economy and everything else.
The fight for the midterms starts today. Remember that.
One thing your right. The republican party had the power to get off the trump and maga train. The target of maga is mostly uneducated people but all republican politicians are educated enough to understand what's really going on , and they went aboard the train and never used the brakes to stop it. Now they fucked the country and yeah they should pay.
Ps I'm not us citizen but I wish you all good luck, republicans included. I also wish myself good luck as trump messes with the world and there's a serious war