The chickens come home to roost
by Mike Meyer
While we have all spent two years struggling to come to terms with disaster in the form of Donald Trump and the criminal organization that retains the name of the Republican Party, the disaster continues. The economy that was bombed with an incredibly stupid tax cut for the super wealthy when the Obama corrections were still working and with unemployment approaching 5%, had to hit the wall at some point.
The economists who bothered to say anything noted the stupidity and announced that inflation would take off next year, but what can you do when idiots have been allowed in the wheelhouse? The sudden launch of a trade war with China created a very complex situation obviously far beyond the ability of the current regime to comprehend. None of that mattered as the only thing of importance is Trump getting to tweet amazing things due to his astounding brilliance. Nothing good has happened but that doesn’t matter if you lie about everything. Just make it all up.
But the international economy slowed down in the natural cycle and interest rates had to go up to begin to counter the massive inflationary hit on the US economy, and trade wars by idiots do not inspire confidence in an already overheated market.
We can pretty well ignore the fact that all elements of the American operation are in accelerating collapse. Folks are borrowing money to buy new trucks after the stops were kicked out of the US economy and those folks have never thought about the future anyway. It’s the nature of those folks to listen to con artists who tell them to jump off a fifty story building and then be utterly surprised when they hit the ground.
The question now is if the crash that we knew would hit by next year has arrived a little early. A 1,400 point drop in the US market followed by world markets is a very scary sign. It had been expected to be moderately bad from the normal conditions and insecurity but not like the 2008 crash. Trump and a completely out of control set of wing nuts in Congress are the wildcard.
Deficits are normally not a big problem for currency creating nation states but Trump has managed to add a trillion dollars in two years. What effect does that have? All of these things together leave a huge range of bad possibilities.
It is safe to say that nothing good happens when idiots rule and we apparently need to learn that again. Is this the return of the first batch of Trump chickens?