Instructions unclear, invested life savings in a company that produces blue corn tortilla chips.

Kinda hard to buy when you dont have any fuckin money

Brother I’m still recovering from the last time I took the internet’s advice on stocks.

Unrelated, but fuck Ryan Cohen.

Oh yes, that’s true

That 10 years coincides with US debt and bankruptcy law. “Like a free Uno reverse card”, a quote that needs be in grade school textbooks.

Capitalism works when it’s allowed to work, and part of that is strong social safety nets… For the people, not the companies.

If we’d let banks and businesses fail in 2008 it, it would have been devastating at the time, but we wouldn’t be in this hot mess today. Because the government is so friendly to failed businesses, models that play fast and loose can make huge profits, squirrel away that cash, fail, and then get bailed out by the taxpayer. Meanwhile, slower and more stable institutions get outcompeted in the short term, and don’t get bailed out when they withstand the failing economy events.

Privatize the profits, socialize the losses.

Oh, and we need actual monopoly laws. No way in hell Amazon isn’t a monopoly.

Was the 2002 a year of recession? Or is the stock market downturn considered a recession because rich people lost money?

That didn’t cause a significant economic downturn, though.

Didn’t that pay off so well. How many American soldiers were killed, injured, or traumatized? How many innocent Afghani and Iraqi civilians were murdered? And for what? ISIS and the Taliban now have complete control over that entire region.

And to the people saying how much better Bush was than Trump as well as the dumb as fuck democrats embracing that fucking war criminal Cheney, I say you all need to get your god damned head examined. Trump’s election denialism was born out of the Brooks Bros riot in Florida during the 2000 election and Trump is absolutely hoping for some terrorists to kill Americans so he can declare martial law and suspend elections in order to remain president indefinitely. Bush and Cheney lead to this. This was every republican’s goal.

At that point, is it a recession or should we just call the 2020s: depression part 2 AI boogaloo?

At this point I’m just ignoring my 401k and hoping time in the market makes up for this fuckery…

That brick might be your only source of essential minerals and nutrients by the end of this year. You’ll need to learn how to go without, and make that single brick last until 2028. Also, you’ll need to work 80hrs a week to afford it.

For an economy built on consumer spending this means that you get more economic growth by giving those rich people more money to spend, not by lifting up the other 90%.

You’ve gone and mixed up correlation and causation here.

The top 10% arent spending 50% of the money because they are the glorious saviors of the economy, protecting and nurturing it while us poor people thoughtlessly hoard and save all our wealth. It’s actually quite the opposite.

Except they could still do that level of spending while not perched atop a massive hoard, and the rest could do cumulatively more spending via their sheer numbers if said hoard were distributed more evenly.

Trump45 term benefitted signifciantly from QE based suppressed low rates that inflated financial assets, and so made rich people richer without creating inflation as wages and jobs were flat (until way down from covid mismanagement). He/sycophantic media could boast about economy without improving people’s lives.

this means that you get more economic growth by giving those rich people more money to spend, not by lifting up the other 90%.

This is probably true for industries like fashion, but I disagree with this point applying in general. There is only so much food, gasoline, and paper products an individual is willing to buy, no matter how rich.

The restaurant industry, for example, would collapse as we know it if most non-wealthy people suddenly don’t have any extra income to spend on prepared food. They need velocity in orders just to remain open at all. I doubt most places could remain open off of a few rich people buying a lot.

This isn’t to say that they won’t stop extracting more from the lower earners. Many of them would be fine killing off industry if it makes themselves richer. I personally think all of it’s a short-sighted cash grab that’s gonna keep poisoning the economy until something changes.

You need a large redistributive mechanism to prevent wealth accumulation at the top, and you need strict regulation on the size of businesses to prevent them from dominating markets.

We had those things, and we can bring them back. If we survive the next four years, I suspect most Americans will be less opposed to a wealth tax and an FTC/DOJ that can actually do its job.

He works with software so it’s probably because it occasionally snows where he lives and his micropenis.

Could need a pickup with the tool boxes and shit built in, or maybe a hydraulic lift. My family owned a construction company for decades, and we always had one of those in the driveway, and while I don’t know how much they were, they were definitely more expensive.

I work in environmental reclamation, I haul things a lot. And travel down rough roads a lot. I’m actually downsizing to this truck because the other ones are too damn expensive.

We should be spending public money though. The public debt has literally never been an actual issue for the US.

I didn’t say don’t vote. You can look stuff up around election times. But general day to day there is really no point in looking at the news.

Think about it this way: They were literally the most spoiled highest quality-of-life group of humans to ever exist on Earth in any timeline.

• Ubiquitous access to healthcare and vaccinations for longer life.
• Access to pensions and retirement options no longer available where the employer did all the legwork to ensure they had a future post-work so they didn’t have to learn a thing about investing or retirement savings.
• Infrastructure that was borne from the Great Depression, so they had roads, bridges, dams all built up to last their lifetime with no care about maintenance, as they figure, “oh it was always there, it will always be there,” so no money was committed to maintenance we are now having to do, freeing that money up to live like kings and queens in the short-term.
• Easy to access jobs, homes, boats, cars with little to no education or financial acumen. Just that “walk in and hand them a resume” trope they love to perpetuate.
• The most modern travel technology and geopolitical climate to go on vacation pretty much anywhere on the planet, and access to time to have vacation.
• Relatively calm planetary climate so they didn’t have to worry about things like today’s weather weirding with tornadoes where they shouldn’t be, hurricanes going inland, hail everywhere, and on and on, all the while driving their 5 MPG giant SUVs all over the country while tossing their food wrappers on the side of the road.
• Cheap (during the majority of their lives) to relocate anywhere in the US or abroad if they wanted to work or live somewhere else, or be “snowbirds” when they’re too wimpy to tolerate the winter in their home states.
• The same geopolitical climate prevented them having to grow up in war-torn anywhere.
• Access to any kind of entertainment imaginable any time anywhere.
• Artificially post-world-war inflated US economy that took some decades to spin down (that “Great Again” they fap to) - which only happened because the US joined so late and had few losses ourselves. The war never happened at home, so we got out for minimal effort/casualties/infrastructure loss.
• And they got to adult in an age of computer technology that enables them as olds to not have to drive their car, pick up food, or do any errands they don’t want to do themselves, all without having to learn any technical skills because the tech was designed for idiots.

No human generation before or after them got to, or likely will ever, experience such a prosperous story-arc. They should consider themselves damn lucky and act like it, while supporting future generations to have a sliver of what their spoiled asses were able to enjoy.

Exactly what my depression era grandma says of them.

Boomers grew up in a world with a 91% top-tier income tax rate that drove businesses to spend their excess income on products and services, which became their parents’ paychecks.

All of them with only 1 parent working and the other managing the home

I’m in the prime time of of my life, waiting 10-20yrs just sounds very depressing

You’re forgetting that there are many brainwashed younger people who totally bought the bullshit. It won’t be easy.

in 10 years the worst of the boomers in power today will be dead.

I remember thinking this about the WW2 generation back in the 90s. The result:

In about 25 years most countries will be warzones and anyone that cant afford whatever the elite are charging for the few freshwater sources left on the planet will be dead or enslaved. anyone within twenty degrees of the equator will have fled or be dead, and anyone living above ground anywhere else will live in nonpermanent shelters due to the yearly storms that destroy standing structure.

boomers will be taking the worlds habitable range with them, and leaving us with a nightmare.