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The only person among those who conceivably see any upside from recession are congressional leaders who are not in the President’s party. Fortunately, they do n
by xadhominemx 3y ago
The only person among those who conceivably see any upside from recession are congressional leaders who are not in the President’s party. Fortunately, they do not control the FDIC and Fed in exigent circumstances.
- ModernMech 3y agoUpper echelons of government definitely benefit from maintaining the status quo order. Mitch McConnell and Nancy Pelosi being in power for years and years and years doesn't happen on accident. That's what happens when entrenched power structures do whatever they can to stay entrenched. If that means letting the economy blow up every few years, fine. No skin off their backs, they're at the top of the pyramid. Why should any of them fix anything when things are good?
- xadhominemx 3y agoIf the economy is bad, the people in power in democracies lose their jobs.