r/politics • u/ben_watson_jr • May 19 '24

How Can This Country Possibly Be Electing Trump Again? Soft Paywall

https://newrepublic.com/article/181287/can-america-possibly-elect-trump-again
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u/hskfmn Minnesota May 19 '24

Unfortunately, far too many people labor under the delusion that that is in fact how that works…and no amount of reasoning will convince them otherwise.

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u/MourningRIF May 19 '24

I have friends and in laws who have made absolutely terrible financial decisions in the past 5-20 years, and they are hurting for money. They blame Biden and are sure the only thing that will save them is a Trump economy. (And somehow he's going to make their 100% home-equity loan and $50k of credit card debt go away overnight.)

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u/Expensive-Rub-4257 May 19 '24

It was not the Trump economy it was the Obama economy. Covid destroyed the Obama economy, but Trump did little to prevent it. Very bad policies to fight Covid.

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u/florkingarshole May 19 '24

Very true. Trump just gave all the businesses a shitpile of money, which ultimately led to the inflation we saw, and the high food prices we have now. But people are too goddamned stupid to understand that it takes years for policy changes to ripple through the larger, overall economy, positive OR negative. Obama had us on a longterm slow, solid growth pattern, but the rich (like Trump and his buddies) like the boom/bust cycle so they can more easily profit on the suffering of others when shit crashes. They tried SO FUCKING HARD to cause a recession, but the current administration prevented it. The consequence is higher interest rates, but that will pass in time, so long as the idiot doesn't end up Idiot in Chief again.

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u/Expensive-Rub-4257 May 19 '24

Higher interest rates benefit the wealthy? We own two homes and are benefiting from higher rates. Why, we have cash on hand.

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u/florkingarshole May 19 '24

Higher interest rates benefit the wealthy?

Sure, but not as much as when you wealthy folks can pick up another home for pennies on the dollar because some broke-ass working stiff lost his shitty job in a recession and lost his house, which the bank then auctioned off. Then you can rent it back to him for 20% more than he was paying for the mortgage he defaulted. But he'll probably just end up living in a van, down by the river. It's OK though, cuz someone will get you that margin!