SonofOahu
King Kamehameha
- Messages
- 1,835
- Reaction score
- 228
That incompetent, uneducated group had the economy humming like a fine tuned Rolls Royce with unemployment at record lows. Imagine if they were smart!
You only see it from your prism, brother. You're not looking at the macro effects which have been flashing red for the last year or so. Also, if you equate the stock market with "the economy" the only reason the stock market has remained this high is because money is essentially free right now, and there's no other vehicle to dump your investment into.
The job losses you're seeing, and the ones we'll continue to see for the next six to nine months, are a result of the pandemic and Trump's stupid foreign-policy/economic approach. The pandemic and the economy are tied together. The CARES Act has delayed the disaster, but as soon as Trump saw that he was going to lose, he stopped giving a fuck.
Also, we have a K-shaped recovery. You rich white guys in the midwest don't have the same experience as, say, a poor younger person in some city. Now, I'm not complaining, I've made a killing with my portfolio. But as they say on Marketplace, "The market is not the economy."