General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThe Trickle Down Crash is real.
I'm not blaming Тяцмр. The Tax mistake was NeoLiberal Economics. The Resident and the Repubs used it screw us. They already had plans to use drop in tax dollars to screw us out of MC and SS.
Grasswire2
(13,565 posts)Intentional.
The destruction of America.
We've been suckers; they've used our strengths (tolerance, patience, goodwill) against us.
safeinOhio
(32,634 posts)Squinch
(50,909 posts)The crash is caused by uncertainty due to trade chaos, the drawing out of trillions of dollars from circulation with the "tax cut," the reduction of real wages, the knowledge that everyone is going to be shocked when they get a tax bill in January and February, and no one will be buying anything.
I see all the CNBC pundits are carrying Individual 1's water and saying it is the rate hikes, but rate hikes and drops are always anticipated and are always built into the system long before they happen. In fact, the Fed signaled with this latest hike that they will be raising interest rates more slowly than planned, so that - believe it or not - was probably a positive force on the market.
It's trump, kids. And the bill coming due for the pillaging the republicans did on the economy last year.
Happens in every republican administration like clockwork.
Adrahil
(13,340 posts)What used to be called lassaize-faire economics... austerity, tax cuts, deregulation, etc.
I've noticed some "progressives" like use the term to imply American liberals support such policies, but late 20th century liberalism and neoliberalism are not the same, of course.
Squinch
(50,909 posts)safeinOhio
(32,634 posts)Xolodno
(6,383 posts)Skidmore
(37,364 posts)managed to be a word worked into essentially Tea Party political ideas. Not liberal by a long shot and those who use this label are seeking to divide the left. Not constructive.
JHB
(37,153 posts)...making them less controlled or confined (by tariffs, regulations, monopolies granted by kings or governments, etc.).
Entirely unrelated to political liberalism, but sloppy terminology tends to be the order of the day once jargon "gets loose in the wild".
Adrahil
(13,340 posts)Very confusing to use it in a modern American political context.
empedocles
(15,751 posts)Drunken Irishman
(34,857 posts)safeinOhio
(32,634 posts)Repubs really hate him, but he is the ticket to get that part of their agenda passed. Without him it wouldn't happen, but it is their wet dream.
Downtown Hound
(12,618 posts)roamer65
(36,744 posts)Get ready for the Trump Slump, folks.
Xolodno
(6,383 posts)Trump in the Cyrillic Alphabet is...
Трумп
But other than that...yeah.