Sure, a market crash means nothing to someone who doesn’t own stocks. But it means a lot to their workplace, food suppliers, electronics manufacturers, insurance company, healthcare provider, etc.
The poor always get screwed the most in economic collapses, they just get it second hand by prices going up, mass firing, rent going up, loans getting worse, and public services being cut.
It’s not very shortsighted, it’s quite long-sighted. Everything has been shit since the 2008 crash. Absolutely dog-shit garbage. Wages haven’t changed, everyone’s already in the hole.
I’d have loved a few more years of floating it, but the writing has been on the wall for some time now. It’s going to suck for everyone, I’m sure - but the market never corrected in 2008. It was going to happen some time or another - I’m just happy Republicans are going to be on the hook for it.
It’s going to take 10 years to come back from this - but I suspect in doing so, we’ll be in a better place in the long term. Last people who did this weren’t re-elected for damn near 20 years. We’ve all said this was the last gasp of a dying political party. It’s gonna suck, sure – but I’m hopeful for the future and the rebound it will cause.
On top of it all, I’ve been using it as leverage to fuck with every Trump voter I see in my shop.
I think the main reason we never fully recovered from 2008 was because of Mitch McConnell’s personal pet project, Citizens United, which handed full control of the government over to those who caused the problem in the first place.
This isn’t some bubble popping or realized losses, this is an entire political movement (Trump and Republicans) literally destroying the world economy. This isn’t just going to impact the US, but potentially hurt people in every country.
Its also in no way connected to 2008. What is going on here is independent of that and won’t be seen as a lesson to mistakes made in 2008.
Umm, that is very shortsighted.
Sure, a market crash means nothing to someone who doesn’t own stocks. But it means a lot to their workplace, food suppliers, electronics manufacturers, insurance company, healthcare provider, etc.
The poor always get screwed the most in economic collapses, they just get it second hand by prices going up, mass firing, rent going up, loans getting worse, and public services being cut.
It’s not very shortsighted, it’s quite long-sighted. Everything has been shit since the 2008 crash. Absolutely dog-shit garbage. Wages haven’t changed, everyone’s already in the hole.
I’d have loved a few more years of floating it, but the writing has been on the wall for some time now. It’s going to suck for everyone, I’m sure - but the market never corrected in 2008. It was going to happen some time or another - I’m just happy Republicans are going to be on the hook for it.
It’s going to take 10 years to come back from this - but I suspect in doing so, we’ll be in a better place in the long term. Last people who did this weren’t re-elected for damn near 20 years. We’ve all said this was the last gasp of a dying political party. It’s gonna suck, sure – but I’m hopeful for the future and the rebound it will cause.
On top of it all, I’ve been using it as leverage to fuck with every Trump voter I see in my shop.
I think the main reason we never fully recovered from 2008 was because of Mitch McConnell’s personal pet project, Citizens United, which handed full control of the government over to those who caused the problem in the first place.
This isn’t some bubble popping or realized losses, this is an entire political movement (Trump and Republicans) literally destroying the world economy. This isn’t just going to impact the US, but potentially hurt people in every country.
Its also in no way connected to 2008. What is going on here is independent of that and won’t be seen as a lesson to mistakes made in 2008.
So we need a crash today because, … checks notes …, the 2008 crash made everything to shit?
Wtf are you on? Is this some elaborate “it’s bidens/obamas fault” or something?
Sure sounds like wishful thinking.
I mean… I understand your point, but poor people will still suffer the most.
It’s true, the market is terrible, this collapse was obvious for so many reasons. Still, the poor will suffer the most from it, short and long term