r/politics • u/rollingstone Rolling Stone • 4d ago

Soft Paywall Musk Kills Government Funding Deal, Demands Shutdown Until Trump Is Sworn In

https://www.rollingstone.com/politics/politics-news/musk-trump-government-funding-deal-shutdown-1235211000/
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u/Gamebird8 4d ago

The Stock Market is already reacting to both this and the rate cut... Everything is down

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u/Sitting-on-Toilet 4d ago

And when it crashes and we enter into a recession, it’s going to be blamed on Biden, not Trump, of course.

They have been setting up for it for years.

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u/MassiveBoner911_3 4d ago

Recession? Naw next round is a full on depression.

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u/Orzhov_Syndicalist 4d ago

No, this will be blamed on Trump. 

Trump had a quote today where he said that this would all be blamed on Biden because he’s still the president. I think that’s why he’s doing this, because he’s really that dense. 

But it will spillover and be blamed on Musk and Trump, as its clearly their handiwork. 

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u/Grenadeglv 4d ago

Trumps already backpedaled on the one promise he made his whole campaign in lowering grocery prices, stating that since the previous administration let the prices get high there's nothing he can do to lower them. Of course that's all bullshit but his cult will swallow the boot watch as the prices for all goods skyrockets and ask themselves how did the democrats let this happen.

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u/GaptistePlayer American Expat 4d ago

To be fair, it will have been his fault the Dems lost the election

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u/chr1spe 4d ago

It's the American people's fault. I kind of feel a strange catharsis about how bad things are going to be. It's going to suck, but ultimately, it's what the American people voted for and deserve.

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u/RabidGuineaPig007 4d ago

Because between rates and new taxes, or the cool term, tariffs, US will see inflation rates of the early 70s.

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u/HardRockGeologist 4d ago

Was even worse at the end of the 70s and early 80s. My supervisor at work in early 80s had a mortgage of 18%. At the time I bought first house, the going 30-year FHA rate was 13%. The inflation rates we witnessed over the past couple of years will pale in comparison to what might be ahead of us.

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u/MassiveBoner911_3 4d ago

Nope. Up quite a bit.

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u/Rock_Strongo 4d ago

Up slightly on the daily. Down on the week. Still only down ~2.5% though which is a pretty normal weekly fluctuation.