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We might be living the final moments of not being terrified what the US President is going to do
(lemmy.autism.place)
this post was submitted on 05 Nov 2024
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Stagnant wages, weakened unions, at-will employment, low corporate taxes, etc. All Reaganomics. Supply side economics. Basically destroyed the economic powerhouse that won the Cold War. It's still a goliath, but instead of an immovable industrial bullwark its all debt driven gambling now. Speculation and financialization.
And who moved shit to China so it's now much worse? Bill Clinton.
And now not even US/EU cars are competitive anymore. Boeing is in decline. Intel is dying.
Go into any store - nothing made in US anymore.
Accept responsibility - it's a Democrat bill Clinton doing
Both Clinton and Reagan were economic neoliberals. It is neoliberal policy that has fucked us.