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Trump Says Biden Plunging U.S. Into Depression. The Stock Market Hit a Record High
(www.rollingstone.com)
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this post was submitted on 14 Dec 2023
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politics
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While I know Trump is full of shit, I don't get why articles are gloming on to this. The stock market was doing incredibly well before the 1929 crash that kicked off the great depression.
Yeah, though the 1929 crash was preceded by a situation closer to the 80s or 00s. Bidenomics seems to be more or less preemptively doing new deal style policies to build real structure under a crumbling economy. It’s massive spending to rebuild the things that’d been sacrificed for short term economic gain.
New Deal? Call me when my laid off ass sees a WPA.
We fucking need one, and I’ve long thought we need to bring it back to the demands table. A minimum wage is great but a guaranteed reasonable wage for hard work in the public good forces everything upwards
Well not everything.
The 1% of the 1% get "pulled down". And I plan on being part of that demographic some day because I'm incapable of conceptualizing the magnitude of the gap between $55,000, and 5,000,000,000.