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I don't want the economy to tank anymore than the next guy but if it blows up before the 2020 elections and kills President Trump's chance of re-election that w

I don't want the economy to tank anymore than the next guy but if it blows up before the 2020 elections and kills President Trump's chance of re-election that would be a fantastic silver lining.

techntoke 7y ago
I'm calling it now, but you won't actually see a recession until after he leaves office. The rich and powerful control the market and it has no actual real indicator to the effects a majority of people are seeing in their personal lives.
- mgamache 7y ago
  That supposes the rich and powerful give a rip about trump. They don't. If anything, they don't like his unpredictability. But, I don't think it's really tied to a person or party. For example, Obama provided the wall street bailout.
  - kart23 7y ago
    I just thought of a horrifying thought. Bernie becomes president, recession hits inauguration day. Banks start to fail, but he doesnt bail anyone out because 'bernie cant be bought'. At least obama did the right thing and saved the economy.
    - techntoke 7y ago
      I think Bernie and Warren are perfectly capable to work within the constructs of a free market than most people give them credit for. However, that doesn't mean that there shouldn't be transparency involved and if bankers begin manipulating the markets to try to control politics then they should be brought in for a public investigation in front of congress.
- davinic 7y ago
  The rich and powerful will continue to do what they always do: act in their own personal interest. If they decide they can make more by divesting from the market, you can bey they will. There is no monolith.
JustSomeNobody 7y ago
It will somehow be the other side that caused it by not allowing the sitting President to push through his agenda.
rchaud 7y ago
The effects of a recession have to be seen and felt on a visible, visceral level, with a limited lag effect, for it to affect people's votes. In 2008, the subprime crisis led to people's homes being foreclosed on a mass scale while big banks and auto companies got government bailouts and the US was embroiled in two major wars. That kind of stark contrast ("privatized gains and socialized losses") is easy to grasp, and much more likely to create public outrage regardless of where people sat on the political spectrum. Since then, there's been so much misinformation and polarization around things like climate change, international trade, unionization, public services, tax cuts, the deficit etc., that even if the markets fall, there will be plenty of blame for political parties to heap on each other, while the working classes and middle classes bear the brunt of the recession, as they always have.

I don't want the economy to tank anymore than the next guy but if it blows up before the 2020 elections and kills President Trump's chance of re-election that would be a fantastic silver lining.

techntoke 7y ago

I'm calling it now, but you won't actually see a recession until after he leaves office. The rich and powerful control the market and it has no actual real indicator to the effects a majority of people are seeing in their personal lives.

mgamache 7y ago
That supposes the rich and powerful give a rip about trump. They don't. If anything, they don't like his unpredictability. But, I don't think it's really tied to a person or party. For example, Obama provided the wall street bailout.
- kart23 7y ago
  I just thought of a horrifying thought. Bernie becomes president, recession hits inauguration day. Banks start to fail, but he doesnt bail anyone out because 'bernie cant be bought'. At least obama did the right thing and saved the economy.
  - techntoke 7y ago
    I think Bernie and Warren are perfectly capable to work within the constructs of a free market than most people give them credit for. However, that doesn't mean that there shouldn't be transparency involved and if bankers begin manipulating the markets to try to control politics then they should be brought in for a public investigation in front of congress.
davinic 7y ago
The rich and powerful will continue to do what they always do: act in their own personal interest. If they decide they can make more by divesting from the market, you can bey they will. There is no monolith.

JustSomeNobody 7y ago

It will somehow be the other side that caused it by not allowing the sitting President to push through his agenda.

rchaud 7y ago

The effects of a recession have to be seen and felt on a visible, visceral level, with a limited lag effect, for it to affect people's votes. In 2008, the subprime crisis led to people's homes being foreclosed on a mass scale while big banks and auto companies got government bailouts and the US was embroiled in two major wars. That kind of stark contrast ("privatized gains and socialized losses") is easy to grasp, and much more likely to create public outrage regardless of where people sat on the political spectrum. Since then, there's been so much misinformation and polarization around things like climate change, international trade, unionization, public services, tax cuts, the deficit etc., that even if the markets fall, there will be plenty of blame for political parties to heap on each other, while the working classes and middle classes bear the brunt of the recession, as they always have.