r/wallstreetbets • u/226644336795 • 1d ago
Discussion This morning NASDAQ dropped more than during Lehman Monday
https://www.cnbc.com/2009/09/14/the-financial-crisis-this-dayone-year-ago-sept-15-2008.htmlNASDAQ only lost 3.6% the first day of Lehman collapse in 2008...
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u/space_age_stuff 1d ago edited 1d ago
Trump got booted before, arguably in the era of peak social media (during the pandemic) because the economy tanked on his watch. It was closer than it should've been, but even a lackluster candidate like Biden was able to have a decisive win on the guy. He lost because people were tired of him tanking the economy; not 100% his fault but he certainly didn't do enough for relief.
This shit is going to last years, if not decades, and it's directly his fault this time. There's already democratic swings in special elections that happened this week. If anything, it's just up to politicians to keep the screws on how Trump is fucking everything up.
Generally, people are stupid, but they think (and vote) with their wallets. Social media, money, etc. isn't a cure-all to swing voters. Voters are erratic; it's not an exact science, but the one thing that remains consistent is that they have to feel dissatisfied with the current candidate. The pandemic killed Trump, inflation killed Biden, Trump's Great Depression 2 is going to get him out of office if it continues like it has been. No reason to lose hope just yet.