Genuinely ludicrous to say that cryptocurrency has historically been talked up by Democrats; similarly, Republicans have historically been vastly more trusting of the financial industry
I mean ludicrous that since 2009 it's Democratic thinking to bail out the banks, sweep inflation concerns under the rug, spend more money, funding unprofitable tech companies etc. I never said Republicans aren't in on the deal, just that it's obvious one side leading the charge on those things.
> I mean ludicrous that since 2009 it's Democratic thinking to bail out the banks, sweep inflation concerns under the rug,
Again, more ludicrous tribalism. The Great Recession bailout was all orchestrated under Bush. Trump famously was hounding Powell to lower rates before the pandemic, which would have had even more disastrous inflation consequences, just to make the stock market go up.
mcrad|3 years ago
Rekksu|3 years ago
hn_throwaway_99|3 years ago
Again, more ludicrous tribalism. The Great Recession bailout was all orchestrated under Bush. Trump famously was hounding Powell to lower rates before the pandemic, which would have had even more disastrous inflation consequences, just to make the stock market go up.