General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsI hate to say this, but hope for an economic crisis before November
It's the only thing that will grab the attention of voters who don't seemed to be bothered by the grotesque, criminal behavior in the White House.
Coventina
(27,093 posts)mr_lebowski
(33,643 posts)Hey, if we're gonna get fatalistic, might as well go whole hog ...
Coventina
(27,093 posts)They hurt too many other species.
mr_lebowski
(33,643 posts)at140
(6,110 posts)Yeah it is coming, prepare for it.
edhopper
(33,561 posts)2008 will look like a picnic.
democratisphere
(17,235 posts)An economic crisis will hurt most of US horribly.
OliverQ
(3,363 posts)than living in a dictatorship.
SWBTATTReg
(22,107 posts)the red states not as well. The gop brought this whole economic mess that is coming, because they are paying attention to rump only, and rump only. They have already missed what's coming, slow down in housing (an economic engine), and a stagnant stock market that's been sitting there forever, and inflation still kicking, and economic activity slowing. Maybe the $billionaires with their freed up tax dollars aren't spending? Hmmmm...
Pretty good for stimulating the economy. You just gave you and your better a better tax break and that's it.
But, as history has told us, for those of us in economics, things will repeat. Economic cycles and spending occur always. The manner of them in how they happen is different, and thus, there's the problem. In this cycle, the ones benefiting are the wealthy, so, all of their assets increase in value and then, all of a sudden, they are trying to outbid each other. You can laugh, which is fine, billionaire after billionaire bidding against each other. It's even worse than one would think, they are artificially boosting prices to insane levels. Insane.
A massive amount of money is going to evaporate when all of these insane valuations go bust. And the gop saw this in clear, living daylight with how Barak Obama handled the mess along with one of theirs, George Bush.
Can't run fast enough, eh? Gop?
edhopper
(33,561 posts)Will hurt us more.
yortsed snacilbuper
(7,939 posts)rock bottom!
OliverQ
(3,363 posts)will allow this country to get rid of Trump and the GOP.
at140
(6,110 posts)empedocles
(15,751 posts)The DJIA and S&P are the popular early indicators of economic problems.
roamer65
(36,745 posts)That will bring a MASSIVE dollar crisis and make the Great Depression look like an economic blip.
Hoyt
(54,770 posts)federal funds like healthcare and climate change passes, states retract, and worse.
If its coming anyhow, well thats different.
area51
(11,905 posts)despite the media hype.
YOHABLO
(7,358 posts)We really are about par for the course. However the media seems to want to perpetuate how ''strong'' the economy is.
llmart
(15,536 posts)I think I'll just keep on hoping for the massive stroke.
edhopper
(33,561 posts)not_the_one
(2,227 posts)That would take very little effort. But we can't even do that.
Wounded Bear
(58,637 posts)Joinfortmill
(14,413 posts)a recession is on the horizon.
Oregon1947
(43 posts)We can win with whoever gets the nomination!
Quixote1818
(28,928 posts)If a Democrat gets in and it hits in 2 years we will get obliterated during the midterms or if it comes in 4 years we lose the Presidency. A recession late this year would pretty much doom Trump who is already going to probably lose even with an economy that is doing "ok".
Awsi Dooger
(14,565 posts)Late this year is too late. It has to be obvious and already felt for months. All the models that look at how the economy impacts presidential elections indicate that summer opinion of the economy is the crucial indicator.
I'm heavily involved in the stock market. I would take a jolt but it would be more than worth it. Unfortunately lots of forecasts have the downturn at the very end of 2020 or into 2021.
Quixote1818
(28,928 posts)the election. Spread the word.
wryter2000
(46,032 posts)Do you want to be one of the people who loses their house or their job and their health insurance? Do you want to take in someone who's become homeless? Do you want to bury people who've committed suicide?
Tiggeroshii
(11,088 posts)democrattotheend
(11,605 posts)Before it gets picked up on Twitter or right-wing sites and people start gloating about how Democrats are so desperate we're hoping for an economic crisis because we know we can't beat Trump otherwise and calling Democrats unpatriotic and whatnot.
PoindexterOglethorpe
(25,841 posts)that the average voter will understand the underlying causes? Do you realize that Trump and all the Republicans will blame any such thing on the Democrats? Do you understand that they are not honest about anything?
edhopper
(33,561 posts)no matter how illogical it is.
PoindexterOglethorpe
(25,841 posts)everything on Democrats and his other perceived enemies.
edhopper
(33,561 posts)duforsure
(11,885 posts)trump has Manunchun using to prop up the stock market to create an illusion he can use that the economy is great from him, when it isn't, and its all lies for his promotional propaganda claiming the opposite. trump wants more tax cuts for himself and the wealthy , and guess who will pay for them, the 99%ers , again. The stock market is being manipulated for trump to use.
PoindexterOglethorpe
(25,841 posts)I somehow doubt that Mnuchin or anyone else is actually manipulating the stock market. I don't understand why people here are so eager to believe this.
GoCubsGo
(32,078 posts)I'm too lazy to look for it, but I have no doubt we're in for an economic downturn, whether anyone hopes for it or not. All one has to do is look at the actual numbers to understand what we're probably in for. As my late father always said, the Republicans will do it every time. By "it:, he meant lie, cheat and steal, and fuck up the economy. He was right. We have over a 100 years of data to prove him right, too.
BTW, I think a lot of people are more disgusted by Fat Nixon's behavior than the let on. My experience has been that they're just afraid to say anything--until they know they're in like company.
Vinca
(50,258 posts)My husband's business is real estate-related and our income from it so far this year is a third of last year's. There's always a holiday/winter slow down, but this is worse than I've ever seen it. Plus, anyone who shops for a family knows the rate of inflation is increasing by leaps and bounds. But, if it gets rid of Trump, I'm happy to starve for a year.
VOX
(22,976 posts)Democrats must beat 45 regardless of the state of the economy. Focus on the swing states, repeat the message that Trump is BAD for workers, bad for seniors, bad for POC, bad for womens rights, etc. Make them associate Trumps name with fear and negative thoughts. Put forth a candidate who can make a connection.
But dont wish for an explosion that throws too much flyrock onto the weakest among us.