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Farmer-Rick

(12,480 posts)

17. It use to take years before the bad economic decision

Wed Jul 2, 2025, 10:43 AM

Jul 2025

By the fools in DC would affect the larger economy. Like when in 1994 NAFTA and the other stupid free trade agreements were approved, when deregulation went wild in 1993 and when Glass - Steagell was repealed in 1999, it took untill 2008 before the real cracks showed. Each of those decisions made the economy worse and worse and then it cracked open.

Now with our jobs all moved to cheap labor countries, immigrant labor forced out, tariffs, inflation, wealth concentration and no regulations on capital, it takes a lot less time for the economy to crack. That's why W saw a collapse at the end of his term. It only took 7 years for the economy to break that time.

I bet the economy breaks this time in 3 years. As the economy gets weaker, it takes just a small push to destroy it versus the huge pushes in the 1990s..A bad economy is quicker and easier to destroy.

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bronxiteforever Farmer-Rick

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The private sector lost 33,000 jobs in June, badly missing expectations for a 100,000 increase, ADP says [View all] BumRushDaShow Jul 2025 OP

I don't see how they can trust any numbers from the federal govt either mdbl Jul 2025 #1

This message was self-deleted by its author Bernardo de La Paz Jul 2025 #6

Yes! tRUMP and his christo-fascist regime will start cooking these numbers if the SM starts going south wolfie001 Jul 2025 #10

The markets are still being propped up newdeal2 Jul 2025 #2

Currently they are being propped up by retail investors, the public, not by deep dark nefarious forces Bernardo de La Paz Jul 2025 #7

That's who will lose when it all comes crashing down IronLionZion Jul 2025 #16

Sure, but the poster's conspiracy theory about big dark forces propping it up seems almost reflex. . . nt Bernardo de La Paz Jul 2025 #18

The market is moved by Hedge Funds edhopper Jul 2025 #28

Okay, more like sons & daughters (20s, 30s, 40s) on Robinhood. Bernardo de La Paz Jul 2025 #31

And all won't see it coming edhopper Jul 2025 #32

Cain't be true. All them illegals they already rounded up? tanyev Jul 2025 #3

The gap between the ADP and BLS reports is usually many times larger than the gap between private sector and "all" jobs progree Jul 2025 #4

US private employers cut 33,000 jobs in June, the latest sign of a slowing labor market mahatmakanejeeves Jul 2025 #5

Almost like tariffs, mass deportations, harassing tourists, are all bad for business IronLionZion Jul 2025 #8

Throttling the clean energy sector, insulting heads of states, Mr. Mustard 2023 Jul 2025 #13

G.O.P. is driving our economy into the crapper BoRaGard Jul 2025 #9

All the firings had to hit sometime and all the obvious AF businesses that will now fail because of lack of cu$tomer$? Brainfodder Jul 2025 #11

The Manufacturer's Index declined for the moniss Jul 2025 #12

In the middle of all this chaos it's common sense to think things will slow down. Growth and prosperity like calm water. NoMoreRepugs Jul 2025 #14

Trump -I did that! Gimpyknee Jul 2025 #15

It use to take years before the bad economic decision Farmer-Rick Jul 2025 #17

2008 not caused by 1994. But I think this economy will break in less than 3 yrs bc tRump's actions are drastic. . . nt Bernardo de La Paz Jul 2025 #20

I agree edhopper Jul 2025 #29

+1 Very well thought out reply. Good points. bronxiteforever Jul 2025 #21

Stable genius at work Yo_Mama_Been_Loggin Jul 2025 #19

Those people on the Titanic just wanted to go for a swim. There was no iceberg and the ship will be docking in twodogsbarking Jul 2025 #22

don't you worry dear leader will conveniently blame Biden. even though it makes no sense. nt Javaman Jul 2025 #23

So much winning!!! llmart Jul 2025 #24

If you were a republicon billionaire, this wouldn't bother you BoRaGard Jul 2025 #25

Yikes Demovictory9 Jul 2025 #26

The problem is that ADP uses a different methodology than ADP. lostincalifornia Jul 2025 #27

I just got hammered the other day KentuckyWoman Jul 2025 #30

It's All Going To Hell In A Hand Basket DallasNE Jul 2025 #33