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bayarearefugee | 1 month ago

> 'this time it's different'

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.

discuss

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0xDEAFBEAD|1 month ago

>Trump has no ability to admit mistakes even to himself

Whatever happened to 'TACO'

bayarearefugee|29 days ago

TACO is not the same as admitting a mistake.

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

Aesop's fox and "sour" grapes.

He chickens out, but can't admit to himself that this is what happened.

tsimionescu|29 days ago

It got replaced with a simpler system of comparing attack rolls to the AC directly.

Oh, wait, that was THAC0...

JKCalhoun|1 month ago

Still, he'll be gone one day and I am going to be all in on that day. It'll all be hockey-sticks from that moment on.

Espressosaurus|1 month ago

How much of America’s growth since the 40s is attributable to its hegemony, stability, and the emergence of USD as the reserve currency of the world? And where other developed, stable nations started dropping in population, the US continued growing thanks to immigration and its center as a research Mecca.

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

He'll be gone. The trust in the US won't come back. If your constitution and political system allow such a moron to wreak so much havoc in such a little time, why would we ever trust you again?

duskdozer|29 days ago

Countries that are reducing their dependence on the US aren't necessarily going to go right back to the way things were. Decisions are sticky.

baby_souffle|1 month ago

Trump, yes. The millions of people that voted for him multiple times despite no shortage of reports and credible allegations that he was a scumbag... Will not.

Trump isn't the problem, he's a symptom.