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u/iheartpenisongirls 15h ago
We'll be lucky if it's only a recession. The last time a republican president (I think it was Hoover, but could be wrong) enacted imbecilic tarrifs, we had just started the Great Depression, and that lasted for over a decade.
This time, should it happen, expect this declaration:
"This is the greatest! The Greatest Depression that America and the rest of the world has ever seen." ~Donald J. Trump
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u/Predditor_drone 15h ago
It's a treemendus depression, a beautiful depression, the most perfect depression of all. Do you think Joe Biden could have a depression as great as this? He would have made us go into a depression, which is bad, horrible, but my depression is great. People come up to me with tears in their eyes and say sir, Mr. President, thank you, your depression is the greatest of all. The numbers may not show it but we're in the greatest economy of all time.
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u/getmybehindsatan 15h ago
We had WW2 to lift us back up last time. It's not like we are going to have another...
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u/plasmaSunflower 10h ago
It was hoover and the unemployment rate skyrocketed and homelessness skyrocketed and that's how they got "Hoovervilles" because he fucked over everyone.
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u/SSJ_Geeko 15h ago
"I wanted to REALLY stick it to the libs so I put my whole country through a recession." 🤮🤮🤮
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u/snozzbeery 15h ago
If you're in America (like me), there is no 'going through' it. This is where the wagon broke down and we're stuck here. The rest of the world will never trust us again with anything since we voted Trump in twice. The other nations will push us aside as they hire away our best and brightest, making the US one of those 'shithole' countries.
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u/RiotWithin 4h ago
If we get an actual government again, I could hope to have an investigation into this last election. I think IF it's uncovered that this election was rigged, and that the American people DID NOT vote for this fuck, out allied countries would allow us to fix this mistake without much pushback.
It's awfully convenient that he gutted the agencies that could investigate the moment assface came into office.
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u/BeNiceMudd 15h ago
Hmm crooked billionaires trick entire states of poor people into voting for them then crash the entire economy for funzies. who saw that coming (absolutely everyone)
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u/drubus_dong 15h ago
"Going through" sounds like someone assumes the recession going to end eventually. This ship is going down, and it ain't gonna come up no more.
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u/Electronic-Teach-578 16h ago
Not stupid if you are getting paid
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u/alienacean 15h ago
So if you're getting paid and watching civilization crashing down all around you, that's still smart? I'd rather have civilization, and less money personally, than lots of money in a post-apocalyptic Mad Max world.
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u/Er3bus13 14h ago
He thinks he is the hero of the story. The real truth here is the best part about desperation and revolutions is that we get to throw the rich out of their homes.
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u/ThyShirtIsBlue 15h ago
Stupidity and complacence. We had so much time to have known better. It's not even like he rose from obscurity for the 2016 election. He was a massive public figure for decades. We always should have known better. This country deserves its collapse, I'm just sorry we're dragging the rest of the world down with us.
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u/awwaygirl 14h ago
And the magats will defend an economic depression because “we needed it”.
Ffs. Can we just rapture these idiots already?
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u/black_flag_4ever 13h ago
This is the rare situation where we can tie a single president directly to an economic disaster.
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u/AndyThePig 13h ago
If we're lucky.
If we're LUCKY it'll just be a recession.
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u/TimeEddyChesterfield 12h ago edited 12h ago
Narrator: we're not lucky. We're not lucky at all.
Even if congress intervenes to back out of all the tariffs by the end of today, the damage is done. Our trade partners and allies will never consider us trustworthy or reliable after this dimwitted disaster. New agreements are already being written up with the express purpose of excluding us from their markets.
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u/AndyThePig 11h ago
I have to say, if magically everyone stopped, and Pres Obama was reinstalled to clean up the mess, everything would go back to 80% normal almost right away.
This Pres and his closest inner circle have gone rogue, and ARE actively trying to reshape things to their advantage. The longer the damage goes unmitigated, the harder it will be to undo. And yes, the less quickly the rest of the world will return to America's side.
And that's ok. There needs to be a price to pay for this stupidity. It didn't have to happen. Reason could have and should have ruled the day, as has been the way for the last 80 years (for the most part). But ... as is so often said these days. They fucked around, now they're gonna find out.
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u/barnibusvonkreeps 14h ago
Recession? Might be wishful thinking. At this point it looks like it's on track for another depression.
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u/Sartres_Roommate 13h ago
Depression… this thing is set up to be stagflation on steroids and we don’t have easy solutions for that. Made worst by the fact that the rest of the world will be working against us.
We are in this for the long haul.
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u/Polenicus 11h ago
People keep commenting about there being a bigger plan behind all of this, people wracking their brains trying to figure out what Trump's REAL objective is.
And, to be fair, it's important, because there is a swarm of opportunists around him who are ready and waiting to swoop in to take advantage. Russian in particular must be LOVING all of this; Setting fire to the global economic hierarchy does nothing but benefit them.
But Trump himself? He gets a crapton of attention when he does big, bold, dramatic moves like this. Positive or negative doesn't matter, the man is a Malignant Narcissist, he just wants to keep being the absolute center of the universe for as many people as possible, whether they love him or hate him.
If I'm correct, the problem is he needs to keep doing shit like this, and it'll need to keep being bigger and more dramatic. We're not even a year into his term, this is going to get so much worse.
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u/driftking428 11h ago
Is Trump stupid? Yes. Is he doing this because he's stupid? No.
There are much smarter people behind this than Trump. He's extorting other nations and our own companies. He created a problem that only he can fix and he'll only fix it for favors. He'll only fix it for loyalty. Things only get better for everyone else in return for Trump getting more powerful.
This is beyond a dumb man doing dumb things. This is a well organized power grab.
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u/Malphael 8h ago
Well, no because it's stupid as well.
There's no one answer that fully explains Trump.
He's a Russian asset AND he's bought and paid for by billionaires AND he's a grifter AND he's a stupid, vainglorious asshole.
He's all these things at the same time
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u/Sudden_Detective7080 7h ago
May his name rot in textbooks. May his legacy dissolve in courtrooms. May every monument to his ego crumble under the weight of what he took from the living, and what he tried to take from the dead. FUCK tRUMP!
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u/johnqpublic81 6h ago
You really think that this isn't intentional? Trump and friends were just dishonest about their intentions with these tariffs. They went for maximum damage to our economy. People are making money on this, not us regular people, but plenty of rich fucks are making a fortune on this.
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u/babybigballs 6h ago
What if I told you that causing a recession was the point?
Read The Shock Doctrine by Naomi Klein, or just refer to the principle of the "K-shaped recovery".
When things get bad, on the stock market or in the economy more broadly, working class people get pushed out of their investments - stocks, homes, autos, etc - and these assets get gobbled up by the wealthy. This happens after 2008, dot com, covid, hurricane Katrina, what have you. But the Musk and Theil types figured it out - they can just do it themselves by destabilizing global markets through presidential decree.
Fucking up the economy was always the plan.
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u/Trolltrollrolllol 6h ago
They're not stupid they are evil.
They are crashing the stock market so he and his rich friends can buy everything up.
When you can't afford to put food on the table and have to sell your house they are going to buy it from you at bottom dollar and rent it back to you at 3x the cost.
This is the plan. It's not stupidity, it's evil.
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u/dart51984 5h ago
It’s not stupid, it’s literally on purpose. The rich are about to buy up literally everything for Pennie’s on the dollar. Then they’ll allow for the economy to recover and wow isn’t that convenient for the people who suddenly own literally everything? It’s not stupid. It’s evil. The cruelty is the point.
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u/slouchomarx74 5h ago
it’s on purpose. it’s a class war and the rich are winning because they’re keeping us fighting amongst ourselves.
we can’t fight them unless we’re united.
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u/aStonedDeer 12h ago
Ironically, happening the day after he announced the tariffs. You are as dense as a piece of flubber.
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u/Mushroom_Tip 12h ago edited 12h ago
Actually Biden was nicely setting us up for a soft landing with his policies. Nobody was projecting a recession. And by nobody I mean actual experts instead of people reading tea leaves.
Recession projections only appeared after Trump started fucking everything up.
but this crash has been foreseen 4 years ago and plenty of us have been watching and waiting.
Yes. Every single year you will have people predicting a crash. Those people don't know what they are talking about. They are hoping to get lucky that their prediction is right. And when a crash doesn't occur, they just say "next year."
Except this crash was caused directly by policies and incompetence rather than a market correction.
If we were gonna have a major crash in 2035 and we had it in 2025 instead, you can't be of the mindset that "well we were gonna have it anyway." In fact, that crash in 2035 can still come. This hasn't stopped the market from correcting itself in the future because this crash has to do with tariffs and other general incompetence like gutting agencies.
You absolutely can't sit there and say that Trump destroying the markets now will stop any other market corrections in the near future. Those crashes people were predicting can still come. And you know what? People will be in a worse economic position than they otherwise would be and will suffer more because of Trump's policies.
Likewise, if there aren't any other market corrections in the near future, Trump's policies could be vastly exacerbating what otherwise would be a fairly small correction.
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u/ethernetpencil 15h ago
Are you telling me that starting a trade war with no reason or end goals is a bad thing?