The Economic Infrastructure Of The Entire Globe Is Falling To Pieces

[Binkie The Clown]

[malaise]

1. While the rich are flying off to space

What a metaphor - fuck it up and leave

[Johnny2X2X]

2. LOL, clueless

Dude, the economy is in the middle of one of its 2 or 3 best years for economic growth since WWII. Jobs growth is on pace for the best year in our nation's history. Unemployment fell from 7% at the start of the year to 4.8% now.

Inflation is less than 5%, that's what has people doomsaying? 5% inflation? This isn't run away inflation. The economy is actually booming right now. Holy jumpin, I can't imagine the panic if things actually went into a slowdown.

2021 will go down as the greatest economic first year for any US president in history and people are pushing stuff like this.

A reminder, Donald Trump was a total and complete economic disaster, he had the worst jobs record since Herbert Hoover and left the economy with the worst year for GDP growth since 1947. Did people think Biden was going to get us all the way back in 9 months? Most thought it would take several years, he inherited a smoldering dumpster fire for an economy, 9 months later and we're 80% back already.

[DeeNice]

4. unfortunately we have a populace that's highly tuned to

instant gratification with a short attention span. Any politician that runs with a focus on long term stewardship gets run over before they get started. People want the world and they want it now.

[Bettie]

11. And a lot of corporations that moved from having inventory

in warehouses to having a "just in time" system.

So, if shipments were held up, there was no warehouse stock.

And few things are made in the US anymore, so if there is a shipping disruption, well, the stuff doesn't get here.

But the MBAs and CEO's got paid, which is really all that matters...

[OhZone]

6. this

[Hortensis]

7. And fwiw, the U.S. is in very good shape to weather

an international downturn without domestic catastrophe.

But, yes, the Biden admin's had more than enough time to fix everything. Someone on MSNBC was pointing out that Democrats were making a bad mistake in "only" concentrating on safety net programs when the nation needs good jobs. THIS while two historic job-creation/skills training infrastructure bills are being negotiated.

[Amishman]

9. It's more somewhere inbetween. There are some major risks in play with supplies

GDP growth is up, but a lot of it is driven by increased government spending, which is borrowing driven and not sustainable.

Complex supply chain issues have potential to domino, especially if we get further disruptions. We have supply issues due to both manufacturing disruptions (unable to get materials, labor, or both) as well as logistical issues where we just can't get things from A to B efficiently.

What worries me is if these start compounding. An example is trucking. We have labor issues, but also there are starting to be maintenance issues as well. Truck parts are in very short supply, and also mechanics are hard to find as well. There is risk of a feedback loop, where breakdowns in global logistics further damages that transportation network as maintenance and repairs become more difficult.

[comradebillyboy]

3. The sky is falling, the sky is falling...

[enid602]

5. Mandates

What are the mandates this guy keeps talking about?

[ShazamIam]

8. Probably vaccines, masks and testing.

[ProfessorGAC]

10. Hyperbolic Nonsense

Wholly devoid of fact.
Anything for clicks, looks to be the motivation.