I am really scared that Trump is trying to "tank the economy" on purpose

[apnu]

8. Among conservative financial types there is talk about needing an economic "adjustment"

TL:LDR version: The American worker is too expensive to employ. They use the term "wage adjustment" to describe it.

What I hear/read them saying is: US Wages are too high, and wages are the biggest drag on the balance sheet. Thus companies, looking to squeeze profits out in a competitive world, move jobs over seas where workers are desperate enough to work for pennies. In order to compete, the American worker must also be desperate to take a wage "adjustment" down. Tanking the economy will adjust wages down and make the American worker competitive. Exempted from all this is the upper class as they are "job creators" and are in a position to absorb the financial losses as the economy tanks, and can buy everything low when things bottom out.

You might have noticed, this is exactly what Trump yammers about all the time. "Buy low, sell high". I am not aware if Trump as said the American worker needs a "wage adjustment", but his actions tell us he subscribes to this notion.

All of this is bullshit, callous, and punitive to human beings who aren't financially blessed as they are. It ignores basic human behavior and the realities of economics. The philosophy ignores that fact that the cost of goods and services must also be adjusted down if one doesn't want the economy to stop in full. People can't buy stuff if they have no money.

Botany, you are right about this being a coup. For years we've heard from Conservatives that its time for America to be run as a "business" and to be led by a "businessman". This is it, this is what they've been waiting for. But we have already done all this before in the 1920s and we all know how that turned out on October 29th 1929.