Link to archived tweet
Despite all the myths Democrats are better for the economy. They always produce better numbers.
this post was submitted on 12 Mar 2025
1133 points (99.4% liked)
People Twitter
6443 readers
1441 users here now
People tweeting stuff. We allow tweets from anyone.
RULES:
- Mark NSFW content.
- No doxxing people.
- Must be a pic of the tweet or similar. No direct links to the tweet.
- No bullying or international politcs
- Be excellent to each other.
- Provide an archived link to the tweet (or similar) being shown if it's a major figure or a politician.
founded 2 years ago
MODERATORS
This is going to be a hard one to explain to the MAGA fans
why would Joe Biden do this
The stock market was bloated
Actual trump regime statements
It's ukraine's fault. Should've thanked harder
What isn't hard to explain to that lead poisoned cult of cunts.
slams fist on desk
Biden!
You need to extend the graph beyond January. The US has been riding an enormous localized wave that crested shortly after Trump's inauguration. American securities (particularly the MAG7) are enormously overvalued, with revenue that is dwarfed by their stock price.
This is a much-needed market correction, not a regional stock performance split from within the US.
Not even suggesting Trump isn't shit. Its very obvious that he's popped the irrational optimism bubble we've been gliding on since even before COVID hit. But we were in a bubble. DOW 43k, never even mind the absurd NASDAQ run up, is not representative of the functional economic capacity of the nation as a whole. Without unlimited free money from the Fed to keep inflating asset prices, we were going to enter a downturn sooner or later.
The real question is whether the DOGE Team will kick the knees out from under our Treasury/Fed countercyclical spending system on the way back to earth and cause us to land harder than necessary.
Absolutely wild to look at this graph and say 'welp that's the correction we've expected and needed for a long time' when it is quite clear it's a reaction to Trump's totally unnecessary trade war and the uncertainty he is (intentionally?) injecting into markets. There is no reason to expect that if there had been a different President elected, this outcome would have occurred.
The even broader point is that there are a lot of people invested (literally and emotionally) in a continuing bull run. That doesn't mean it's a good idea, but suggesting that Trump or even less likely, DOGE have some master understanding of the economy and are doing this for its long-term health is an absolute fantasy.
load more comments
(4 replies)
Not just the great depression but the greatest depression ever in history, I mean the biggest, noone ever caused a bigger depression
load more comments
(1 replies)
However much pain we're feeling and will be feeling, as a nation not individuals, we deserve oh so much more for our inhuman crimes in the name of capitalist private profit. We destabilized entire nations trying to become societies solely to maintain access to their resources for our capitalist's exploitation.
Every American better hope nation state karma doesn't exist.
load more comments
(9 replies)
Damnit, I came here to blame Joe Biden, but it seems like everyone else beat me to it. Oh well, time to go tariff some more countries and then act shocked by the results....
I’m feeling pretty smug lately having always avoided the stock market so my money has been the same this whole time
Lol just wait until the reports come out about the inflation rate since Trump took office.
load more comments
(1 replies)
load more comments
(10 replies)
Don't worry, the rest of the world will get pulled down when we really nose dive... hooray contagion.
I agree, but I don't think it will be as bad as the last few times for anyone but the US. Trump has managed to piss off literally the biggest trade partners the US has, so they will happily just invest elsewhere and leave the US economy in the dust instead of trying to survive the crash together.
load more comments
(1 replies)
load more comments
(1 replies)
I can't. Is this mental difficulties or that thing journalists do where they have to act like they were literally just born and don't know anything about the world? I don't know the dude in OP.
Wait, are you not aware of sarcasm?
Honest to god, I really just missed it. Reading it now it's so blatantly sarcasm, I'm going to just have to blame it on a combination of lack of sleep and my being a dumbass.
load more comments
(1 replies)
As the fellon in the White House said - „it’s just a small group, boycotting, attacking …“ well I don’t think so „Mr. president“