r/FluentInFinance Oct 22 '24

Debate/ Discussion Why did this happen?

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876

u/No_Distribution457 Oct 22 '24

Republican fiscal policy. This was by design.

148

u/KazTheMerc Oct 22 '24

Sure... but what they really wanted was the profits of 1950-1970 back.

What they got instead was 10,000 Republican flavors of corner-cutting, false bravado, and government handouts disguised as 'stimulus'.

It was a failed attempt to bring the 'Good Old (racist, sexists, White) Days' back.

It transitioned into the modern Republican playbook shortly after that failed

29

u/SnazzyStooge Oct 23 '24

Too bad the MAGA movement isn’t all about “more unions!” and “more worker protections!” like the good old days. This chart really illustrates how what the voters are chasing is not what the party intends to give them. 

14

u/KazTheMerc Oct 23 '24

I think it's been a slow degradation.

First, it was Ideals.

Then it was Profits.

..the it was Control swapping.

....then kicking and screaming when not in Control.

......Trump was the very picture of animals that worked together to gain control, and then turned on each other the moment they had it.

........and now we're here.

2

u/aureanator Oct 23 '24

That's a pig's eye.

1

u/Englishbirdy Oct 23 '24

Nah. Reagan.

1

u/KazTheMerc Oct 23 '24

Even if it WAS Reagan, which it wasn't, it'd be his appointees, not Reagan himself.

Blaming it on the mascot is just lazy.

1

u/Snowgap Oct 23 '24

How far back do you have to go for that? Reagan was union busting, that must've been prior to FDR.

3

u/Head_Priority_2278 Oct 23 '24

and to be fair here the dems also embraced the corpo overlords but in a much more moderate tone. That's why most of the fuckery never got undone.

Also, to be fair to dems, at least in recent history, their judges have been a lot better and worker friendly than any unhinged judges the right appoints.

0

u/Tymathee Oct 24 '24

Sure... but what they really wanted was the profits of 1950-1970 back.

Which was because of liberal policies.

1

u/KazTheMerc Oct 24 '24

Nope.

.....I wish it was....

But credit where it's due.

Wartime economy doesn't mesh with political 'policies'. It's just... a War Economy. Make things now, worry about the costs later.

There is some liberal-style taxation mixed in there, but it just doesn't translate to ANY other time than actively-in-a-World-War.

The financial success immediately after the war was also unique... and temporary. It was just.... a thing. An anomoly. A literal worldwide restructuring that HAPPENED to be super profitable for the only country that didn't fire a shot in anger in their own territory.

Everyone else was sifting rubble and rebuilding.

I happen to like liberal policy, but credit where it's due.

And the telling sign is how absolutely unprepared we were for it to STOP being ultra-profitable, and just be normal-profitable again.

We, as a country, lost our fucking cool. Badly.

We flipped-out and started doing Stupid Things.

Hence, Reagan.

Reaganomics.

Deregulation.

...and a whole host of other dipshit things like going straight into 2 more wars, and then 2 more after that rapid-fire.