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The last 25 years has seen a economic roller coaster of "squeeze, release.....squeeze, release" - especially for the lower classes. The dot.com bubble, 9-11, the 2008 downturn, curious equity flow issues, the rise of the crypto scams, the Plandemic, etc. While some are saying be patient, I think Trump 2.0's honeymoon is drawing to a clos…
The last 25 years has seen a economic roller coaster of "squeeze, release.....squeeze, release" - especially for the lower classes. The Dot.Com bubble, 9-11, the 2008 downturn, curious equity flow issues, the rise of the crypto scams, the Plandemic, etc. While some are saying be patient, I think Trump 2.0's honeymoon is drawing to a close. The actions coming out of the administration are too little, and way too late - and the wrong ones - to help out a totally beaten down blue collar worker.
There's little to no resilience left in many parts of the economy, at least in terms of supporting the higher standard of living we've enjoyed in the U.S. for the last 80 years. It appears that several sharp lurches downward are imminent, and I think tariffs will be the catalyst/scapegoat blamed when it fact the foundation has been crumbling for decades. I think the only thing left to debate is whether the policies have been intentional to bring about a crash, or more "organic" as how other collapses of civilizations are described.
The working man won't care about the causes - he'll just be in reaction mode, and that probably won't be pretty.
I think Trump should go full on bull in China shop on the deep state. The majority of Americans would be behind him, damn the torpedoes! Go full berserker on them and get it over with. We have had enough.
We can't make them do anything. Nor the Russians. We have to negotiate - and that means understanding the above.
Find the people who off shored our industrial base to China and hang them.
That could be another card played or not played that either brings down the house of cards or keeps it up, at least a little longer.
Popcorn times...
Part of Trump's election platform was about the 'working man'. The moment the working man sees Trump as not living up to his end of the bargain could be what blows the lid off America. Working men are, generally, a tough, no-bullshit lot. Recall our Trucker Protest here in Canada. They deliver the food that goes on our tables. Ya, sure, the gov't dicked around with their bank accounts, but that was gesturally-token, no pun intended. Maybe keep tabs on what the average working men and women say about their clock ticking for Trump.
They cling to their hero even as he talks about our great illegal immigrants. Same thing as last time. He never intended to throw them all out.
Let Trump make some kinds of 'mistakes' that directly and adversely affect the working men and women and we'll see what happens.