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Michael Tae Sweeney@mtsw.bsky.social |
right now Trump's implicit pitch to much of the business community is "if I win I will destroy fed independence and force them to lower interest rates and if Biden wins he will respect it and rates will remain high" and honestly it's not even wrong if all you care about is making money
9 replies 3 reposts 162 likes
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@prairieguy2623.bsky.social
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Yes, but there’s also the mass deportations, the diminishment of civil rights and the resulting civil unrest, the targeting of politically disfavored companies (already happened, btw!), and many other proposals whose negative impact to the bottom line should be factored in as well.
0 replies 0 reposts 2 likes
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WmRyland
@wmryland.bsky.social
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The play is to sneak unfettered capitalism under the cover of sticking it to the libs bc that’s the base they need to take it
0 replies 0 reposts 1 likes
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Yohannanx
@yohannanx.bsky.social
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It’s more of a tax and regulation story. Large businesses aren’t really being negatively impacted by higher rates.
0 replies 0 reposts 7 likes
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Harvey Fliester
@harveyfliester.bsky.social
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If all you care about is making money... In the very short term. Destroying the rule of law also destroys the perks of being rich as you'll always be on edge making sure you don't upset your fascist overlord. A lot of rich dead Russians cozied up to Putin as well.
0 replies 0 reposts 0 likes
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Eulogy
@eulogy.bsky.social
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Yup. Biden not replacing Powell has been an obvious massive unforced error.
0 replies 0 reposts 0 likes
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Oatman
@oatman.bsky.social
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Kills me that so many of these ‘serious people’ don’t seem to be accounting for the fact that consumers make the economy run. Everything they want will inherently destroy the consumer class and then number go down real big, but I guess that’s a problem for next quarter.
1 replies 2 reposts 22 likes
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@rozennkeribin.bsky.social
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Feels like the guy estimating impact of climate change on the economy & looking at agriculture like "that's 5% of the economy, so 5% impact at worst". People so focused on their strategy to win the game they don't notice their strategy depends on the existence of a game board they're going to break.
0 replies 6 reposts 135 likes
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Peace, Truth, Science
@mrchompchomp.bsky.social
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I would amend that to “making money in the short term.”
0 replies 0 reposts 1 likes
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Not Yet Post Democracy Joshua Vaughan
@outerleftfield.bsky.social
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Rates alone does not an economy make. His whole plan is straight up anti democratic, so unconstrained and overly enabled he will implement his policies, including the destruction of the IRS and throw our whole country into a tailspin. We’re Sarajevo 84 because of this madman.
0 replies 2 reposts 12 likes