2 ms·

it's beginning to look a lot like... 2008

• xnx 1y ago
  Kind of, but I don't think there's any precedent for the world's most powerful economy performing seppuku.
  • WorldMaker 1y ago
    The Smoot-Hawley Tariff Act of 1930 [1], where a Republican majority enacted extreme tariffs against President Hoover's almost veto, is sometimes considered one of the smoking guns for how the Great Depression got so bad. That's quite a precedent to be concerned about here. (Though this version is dumber with the President trying to do it through EOs, which is probably illegal and Congress should probably be much more upset their powers to be stupid are being usurped before their eyes.) [1] https://en.wikipedia.org/wiki/Smoot%E2%80%93Hawley_Tariff_Act https://en.wikipedia.org/wiki/Smoot%E2%80%93Hawley_Tariff_Ac...
    • raverbashing 1y ago
      Bueller? Bueller? People should have paid more attention
• bayarearefugee 1y ago
  Well... if 2008 were an entirely self-inflicted wound caused by one malignant narcissist who believes himself to be a business genius despite the fact that his understanding of the global economy hasn't evolved since the 1980s or so (and it was already pretty shaky back then).