83
Having the day they voted for
(sh.itjust.works)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 08 Aug 2025
83 points (98.8% liked)
Political Memes
11382 readers
271 users here now
Welcome to politcal memes!
These are our rules:
1) Be civil
Jokes are okay, but don’t intentionally harass or disturb any member of our community. Sexism, racism and bigotry are not allowed. Good faith argumentation only. No posts discouraging people to vote or shaming people for voting.
2) No misinformation
Don’t post any intentional misinformation. When asked by mods, provide sources for any claims you make.
3) Posts should be memes
Random pictures do not qualify as memes. Relevance to politics is required.
4) No bots, spam or self-promotion
Follow instance rules, ask for your bot to be allowed on this community.
5) No AI generated content.
Content posted must not be created by AI with the intent to mimic the style of existing images
founded 2 years ago
MODERATORS
Inspired by this post (https://sh.itjust.works/post/43644825) with Nebraska's GDP being in the shitter.
Those states are, LOL were, massive agricultural exporters, doubt other states with more flexible economies will get hit that hard. A 6% nationwide reduction would be absolute chaos. 2008 was "only" a 4.3% GDP shrink and that was disastrous.
These dipshits will eventually figure out that Trump will lead us into economic ruin if things don't change. Will they come to Jesus before it's too late? I'd bet not. Problem with gauging America's economy is that it's so damned big, it's hard to tell what policy effects are until way down the road. This thing doesn't turn on a dime.
We've already trashed our allies trust and if Trump keels over tomorrow, they're not going to suddenly start buying America again. The master of branding has fucked our brand.
Yeah... The thing is, if your country doesn't import things, it has to stop exporting too because foreigners don't print your money.
Adam Smith kinda of discovered that¹, but it's too recent a thing for politicians to learn.
1 - Not with all the details, but he discovered the overall issue.
An economic podcast I listen to has covered how much foreign investment the US net trade imbalance has led to, for exactly that reason: foreigners had dollars from US entities buying more stuff than they sold, those dollars had to come back to the US, and investment ended up being a huge way that happened. If the trade imbalance actually reduces, likely that investment rate will be the first thing to drop. We've already seen hints of it with softened demand for Treasury bonds.
The entire "the Dollar being the reserve currency of the world" thing happened because of the US trade deficit.
It has been slowly reversing since the pandemics, and a lot faster now... What ironically means that whatever exports numbers those companies are getting, it's inflated and unsustainable.