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bayarearefugee | 1 month ago
I remember reading this a lot in 2000-2001 and 2007-2008
That said, overall I sort of agree with your assessment except for having any optimism that the US changes course.
The current looming problems with the US economy are almost entirely unforced errors of the Trump administration (they could have done basically nothing and taken credit for the Biden soft landing and economic growth) but they aren't going to course correct.
Trump has no ability to admit mistakes even to himself and he's now surrounded by lots of people who stand to enrich themselves from the chaos even as the average American is harmed greatly.
0xDEAFBEAD|1 month ago
Whatever happened to 'TACO'
bayarearefugee|29 days ago
Admitting a mistake involves some amount of learning not to make the same mistake again.
The reason this is important practically speaking can be seen in situations like chaotic tariffs and threatening allies.
The TACO move might allow us to step back from the cliff in these situations but the fact that we keep being on the cliff on a weekly basis means every other world actor has no choice but to make plans to have us committed in the long term, and this is going to cause huge, long term problems for the US economy.
ben_w|29 days ago
He chickens out, but can't admit to himself that this is what happened.
tsimionescu|29 days ago
Oh, wait, that was THAC0...
JKCalhoun|1 month ago
Espressosaurus|1 month ago
All of those are being unwound as we speak, and it’ll take decades to prove to the world that any trade policy and government agreements may be kept longer than 4 years.
Ma8ee|1 month ago
duskdozer|29 days ago
baby_souffle|1 month ago
Trump isn't the problem, he's a symptom.