Fun fact! - this is what Ben Stein is teaching in Ferris Bueller's day off.
this post was submitted on 04 Apr 2025
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I heard he became a MAGA though. How ironic.
You are not wrong..
Maybe they should have been more attentive than send all the time preparing an extremely elaborate day of playing hokey.
Anyone? Anyone?
The Great Depression.
God let history repeating itself be a good thing for once.
How about no. The only people who will suffer is poor people.
Great depression, and 2/3rds drop in global trade resulted.
I present also 1828 dementia https://en.wikipedia.org/wiki/Tariff_of_Abominations which started southern secessionist movements.
Unjustifiable trade attacks like all wars are bad for unity. If California or Texas has to pay $10k more per car so metal and auto workers elsewhere get high pay, national unity fractures. Everything being super expensive with no jobs because of global trade retaliations, means that Mexicans stop being a unifying problem, and those white Michigan and Pennsylvania blue collar workers cheering for Trump are the problem. Better cars elsewhere in the world become a bigger national unity factor the more protection $ is spent on inferior cars.
... Ford begins furiously colaborating with Lada.
something something people who don't learn from history are doomed to repeat it
Funny thing the 1828 Tariff of Abomination, The Smoot Hawley Tariff and Donald’s Liquidation Day Tariff are all roughly a hundred years apart. Living memory of the consequences of such tariffs need to die out completely before a new generation tries this stupidity.
It’s the same with the nativist bullshit. Memory of the peak of Know Nothing, KKK and now MAGA bullshit has to die out before it is tried again.
My only hope is that this is viewed as the high water mark of the MAGA movement. MAGA incompetence is on full display.
As much as I disagreed with Sen. Chuck Shumers decision to roll over on the budget. Shutting down the government and giving MAGA any excuse to blame Democrats for this economic slowdown would have been a bad call. Donald and the Republicans now solely own this disaster.
For the MAGA faithful it won’t make a difference but for independents, moderates and low information voters this could be a huge turning point.
Well they had elections afterwards. Trump's nazis will just throw dissenters into KZs and invade their neighbours.
There will be no free elections anymore
Tarrifs are billionaire cash grabs, nothing more. Nobody likes those. Except billionaires of course.
Even the billionaires are going to lose money. It's just unjustifiably stupid.
Some of them will get more power or money, though. They are not unified.
They have enough money to coast along to buy and hoard failing companies and collect them for whenever the economy rebounds.
Billionaires have so much money, they could spend a few thousand a day and it wouldn't hurt their bank account for decades.
They could spend $100,000 a day for 50 years an not have spent through 2 Billion. Elon and musk both command 200 Billion ish. the interest alone is worth that 8 billion a year if it was in treasuries.
Every year the interest on Musks fortune could generate enough money to spend $2,100,000 a day without even losing a dollar of principle. on the theoretical interest of his fortune.
I lost 10% of my retirement today. Thats not even a fraction of any of these numbers 😂😭
The old oil money declared war on the neuvo riche tech bros.
Its an attrition war.
The majority are peeons (sic) in this new feudal trickle down economic game.
Every once-in-a-lifetime economic disaster I've personally witnessed has taught me that any economic loss for billionaires is only temporary.
Let them lose enough to put them on the street with the rest of us. Hopefully it can humble them enough to understand that wealth should not be hoarded but shared for the greater good of society
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Yeah, look past the self-righteous grandstanding to see it for the big wealth transfer that it is.
We got a Progressive Era out of it, maybe we'll get another one?
Edit: To clarify, I'm talking about the New Deal and New Deal v2 Progressive Eras (and the era of Progressive Democratic supermajorities that dominated congress)
Germany got fascism out of the economic collapse.
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The thing about Smoot-Hawley is that when it happened everyone else also put up equal tariffs among one another.
this time the EU, Japan, South Korea, Canada are only putting tariffs on the US. Not amongst themselves.
Proof yet again that "business leaders" typically don't know shit about shit.
They LOVE massive depressions. They buy up real estate and failing companies cheap with their massive cash reserves.
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Just throwing this out there.
If you expect conservatives to learn anything from this experience, I can promise you on my life that they won't. They will not deviate from voting R under any circumstance in existence.
Best we can hope for is independents getting a clue and helping swing the next election, if there is one, back to the grownup party.
Not holding my breath though. This is a very, very stupid generation of Americans.
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We can't afford to waste this chance....
There is zero reason to settle for "not trump" we need to use Republican Inaptitude to get a decent progressive in power , there's zero reason to compromise with Republicans after this shit.
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