The administration been transparent about the whys and hows of this whole shakeup. People in the media have laid out the entire scenario. They hold pressers and release data and info constantly, but it’s almost like most of the legacy media makes it hard to find. Whether you believe them or not I guess is up to you.
I do believe the path we have been on is unsustainable and drastic measures needed to be taken to put us on a better course—if our entire economic strategy is to keep deficit spending and quantitative easing our 401ks won’t be worth anything eventually regardless.
If there was a more gentle way to do this they probably would have done it. Once things settle out the markets will be back. Or maybe we are headed for another depression.
if your first statement were true, the market would have collapsed the day after the election.
Bill Ackman is running around "THiS iS NoT wHAt We VoTEd fOR".
Had Trump rolled out his little cardboard sign in October and said "This is what we are gonna do", he would have been abandoned by all of his big donors immediately, who would be yelling to the heavens to anyone who could listen that Trump's plan is to crater the stock market. But he didn't. He said "I will lower the price of eggs on day 1".
Lutnick is up there on TV talking about how we are gonna have millions of Americans putting screws into iPhones. I guess if Trump had said at one of his rallies "A lot of you are gonna be putting screws into iPhones - A LOT" - maybe the people at the rallies would think that would be a good thing. But - it's not.
The beauty of the US economy is that we can print many many millionaires who design iPhones and pay some people in China and Vietnam a tiny amount of money to put screws into the iPhones. For the Americans who don't have the mental capacity to learn Computer Science or Electrical Engineering, thanks to the people who do, there are a lot of very good jobs in Construction being created that cannot be offshored. And higher paying, much better jobs still exist in the Automotive sector, in large part because the lower value added parts of that sector are offshored.
I had a summer job in high school making hard drives. It was an awful job. Suit up into a bunny suit, then go into the lab and do a repetitive job for hours never even seeing another person's face or having a conversation. And that job was probably 10x as good as phone manufacturing. But if we try to upend the economy to get phone jobs here, what's really gonna happen is we fuck up Apple, and lose a lot of good jobs in construction and service sector supporting the people working at Apple.
The US economy has been pretty goddamn awesome for a very long time. Peaks and valleys? Every other country in the world would DIE to have our valleys. Now Trump is running a real time experiment on trying to fuck that up.
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