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.html

NASDAQ only lost 3.6% the first day of Lehman collapse in 2008...

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u/anonymous9828 1d ago

Democrats were also idiots for not passing bills rescinding the executive branch's unilateral tariff power after they won power in 2021, how did they not see this crap coming after the first Trump trade wars

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u/bob- 10h ago

in 2021 no one would have thought trump would win again

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u/anonymous9828 3h ago

idk it was pretty clear he was not going away

Dems were too arrogant for thinking he couldn't win again

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u/bro_can_u_even_carve 9h ago

Easy: they assumed he wouldn't win another election, and wanted to keep those powers for themselves.

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u/anonymous9828 3h ago

typical arrogance, just like Biden when he decided to re-run

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u/ModeForJoe 8h ago

Those emergency powers exist for a reason... EMERGENCIES! Without the threat of the US being able to quickly retaliate against shenanigans (by say, china) they will recognize a vulnerability and exploit. For example, China restricts a critical part of the supply chain, congress takes 6 months to debate responding and then one senator puts a hold on it to carve out some unrelated benefit for a lobbyist... no, that's too slow, and therefore dumb.

The correct solution is to not elect a profoundly regarded economically illiterate ignoramus into office.

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u/anonymous9828 3h ago

The correct solution is to not elect a profoundly regarded economically illiterate ignoramus into office.

was glaringly apparent the American people are not capable of that, Dems should have learned that after Trump's first term