Everything is expensive, nobody has any money - America’s economic miracle is insanely high consumer spending, so we decided to stop giving consumers money so corporations could keep more of it (gotta buy back that stock) shit has finally started hitting the fan and if we crush the interest rates or do a huge tax cut right now we might be able to blow past having a recession and manage to make it into depression territory.
What a time to be alive. Yay.
Honestly, we need boomers to hurry up and die so we can try and get a working economy again, their political interests lie with perpetual stock price boosting to the detriment of everything else and it’s not fucking healthy.
Shit be crazy.
Everything is expensive, nobody has any money - America’s economic miracle is insanely high consumer spending, so we decided to stop giving consumers money so corporations could keep more of it (gotta buy back that stock) shit has finally started hitting the fan and if we crush the interest rates or do a huge tax cut right now we might be able to blow past having a recession and manage to make it into depression territory.
What a time to be alive. Yay.
Honestly, we need boomers to hurry up and die so we can try and get a working economy again, their political interests lie with perpetual stock price boosting to the detriment of everything else and it’s not fucking healthy.
I don’t think it was your average boomer who decided that the stock market should be the be-all-end-all of the whole economy.