"Boomers face a 'devastating' blow to their life savings as more tariff pain looms..."
...and many currently working face layoffs. Trump needs some quick wins, or the GOP is toast in 2026...the 95% of non-elite Americans won't forget.
Link: https://uk.finance.yahoo.com/news/boomers-face-devastating-blow-life-173710807.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAHDcD1F9ayC_uGGq0KbZvVaeuY1tFGUDcXHNViOfT7CPmLXMQQq5bFpF49FfOadjBhUqkrscdlxYDch6f81pJHU6u0
Replies to: "Boomers face a 'devastating' blow to their life savings as more tariff pain looms..."
The good news is that Tariff threats are working to an extent
Trump went bankrupt owning casinos. Might be dumber than you.
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Almost impossible, but he did it.
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If that's your focus, you should look up the term "debt spiral"
The whole country is heading towards bankruptcy, only partially Don's fault.
If the economy tanks, the debt is going to get much, much worse
The DOW is down 2000 today alone. Think of how much less revenue that implies.
And own your vote.
If you do what your party has always done, the debt will get much worse.
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You can't stay the course on an unsustainable path.
If we can increase manufacturing and reset trade and tariff imbalances, this will be worth it.
And I didn't vote for Trump, buffoon.
Definitely not a Trumper
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This was not the only other option. Google "Gore Commission," that balanced the budget....
....and did it rationally, gradually, legally and bi-partisanly, if that is a word.
Fine, but no one ran on the Gore commission. It was status quo or Trump
The people chose Trump, don't blame me.
Keep digging, let's go, Darwin!
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When you have nothing intelligent to say, stay silent.
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This is all on Trump. Own your vote, Dummy.
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Maybe you should have supported Dean Phillips.
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Take your own advice chump.
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Once we head towards Grapes of Wrath, there will be two paths thereafter:
1) We are forced to become a socialist economy, led by President AOC.
OR
2) We return to multi level 1970s tax brackets to fund the recovery.
In either case, Americans will take to the streets once the MAGA working class voters figure out they were widgets all along, who let "culture" issues suck them in to voting for a buffoon.
It would be great television to see AOC argue for socialism because the DOW dropped.
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Link: https://youtu.be/ZqylROx2n3M?si=3ngXAipr2cxwHYsm
Apparently, you've never heard of 'Anti-Trust' legislation...Sowell manages to gloss right over the
long history of abuses by Capitalists. It's definitely the best economic system, but due to the existence of Greed, there will always be a need for 'Adult Supervision'...hence the Anti-Trust Division...THAT's what AOC is alluding to...and on a more macro level, she's alluding to the ever widening Wealth Gap in this country that has resulted in the Top 1% of Americans holding 30.8% of Net Worth, while the Top 0.1% holds 13.8%. Note also that the CEO to Avg Worker compensation ratio has risen from 21/1 to 344/1 since 1965.
AOC is on your side...wise up.
Link: https://www.justice.gov/atr/antitrust-laws-and-you
The loss of capital gains tax would wipe out all possibe DOGE savings
Unless of course it is all reversed soon. You know, before consumer confidence plummets and the depression arrives.