U.S. Economy and its Mess

[rareboy]

The thing is...the broligarchs and their Ai circle jerk think they are the economy.

And of course, as I mentioned above, they are betting in both directions and know that no matter what, they get to pick up all the spoils at bargain basement prices when the other investors sell out in the panic to come.

 

[rareboy]

 

[Norri]

^^ Just commenting on the stock market number which seems to fly in the face of the decades long republican claim that democrats pass too many regulations and thereby strangle economic growth. Instead what that number appears to say is that businesses just hate being regulated, and who can blame them none of us like being told what to do. It also appears when those same businesses are deregulated under the republicans and have more room to make decisions independently and without regulatory guidance they make bad decisions.

 

[KaraBulut]

^^ Just commenting on the stock market number which seems to fly in the face of the decades long republican claim that democrats pass too many regulations and thereby strangle economic growth. Instead what that number appears to say is that businesses just hate being regulated, and who can blame them none of us like being told what to do. It also appears when those same businesses are deregulated under the republicans and have more room to make decisions independently and without regulatory guidance they make bad decisions.

Honestly, it has little to do with who is in charge in the White House. It's all a matter of timing. There have been economic crises that precede the beginning of Democratic Administrations since 1980. When the economy recedes, it can only go up. The response probably has more to do with which party is in power in Congress- Democrats are quicker to find government solutions to resolve economic recessions before they become a crisis.

The argument that Democrats are more likely to pass regulations like Dodd-Frank that are intended to stave off a crisis before it happens might also be valid but the counter-argument is that deregulation often stimulates the economy, leading to bubbles that eventually collapse.

The big crisis of the past 25 years, the 2008 financial crisis, was the result of actions from both Republicans and Democrats.

Dow performance since 1920: