General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsWhat the Republican party is doing will one day lead to economic collapse.
The Republican party completely rigs the game for the rich, the corporations and wall street. They attack the working men and women at every level. From healthcare, peoples jobs, wages, their retirement, they drain us dollar by dollar. Many working men and women of American have been left no choice but to go into debt to remain afloat. One day the bill will come due.
The Republican party and the rich attack, damage the things we need most. Social Security, medicare, pensions. Things we paid for. They act like we don't count. They act like if our lives fall apart it will not effect them, they are fools.
I just read some posts here where people are talking about getting close to retirement or just retired. It's not working. I am getting close to retirement and I have done a lot of research, adding up the numbers. My 45 years of work are adding up to not enough. To be clear I have done everything the right way. The right way does not work when the rich and the Republicans attack you at every level. The game is fucking rigged.
There was another time period in our history that rhymes with these times. It was called the Roaring 20s. We all know what that led to.
bluestarone
(16,976 posts)They have everything on the line! It will be the END of the republicon party come 2020!!
ProudMNDemocrat
(16,786 posts)Where others live at the pleasure of their Fuedal Lord's, thus a King at the top.
RKP5637
(67,111 posts)empedocles
(15,751 posts)RKP5637
(67,111 posts)long run, and toss the rest of the country into the gutter. Throughout history this has been seen ... there is no reason to believe the same could not happen in/to the US.
Nay
(12,051 posts)DON'T CARE. In fact, the more of us that die, the better off the planet will be -- for the ones that are left. That's what they're aiming for, a reduction in population so they and their descendants can enjoy it. Not you.
safeinOhio
(32,690 posts)worked 200 years ago and can work again here. In January 1793 Louis XVI was executed.
shockey80
(4,379 posts)Giant tax cuts for the rich. A giant wealth divide. A lack of government regulations. A lack of government support systems for the working men and women who need help in hard times. Republicans in control who believed people should make it on their own, no matter the circumstances.
Sound familiar?
SWBTATTReg
(22,143 posts)Of course not.
They will let this scam Tax Cut bill continue, all while the rampant deficits continue, which if unchecked, will damage the Country and its future ability to borrow money, and to possibly address serious economic issues should they arise in the future (being that the stimulus promised by the 2017 Tax Cut Bill failed to materialize).
There are already numerous signs of impending economic ills coming our way. Manufacturing is slowing. Credit lines are being tightened. Consumers are already stretched to the limit, borrowing-wise (borrowing which is unfortunately tied to simply keeping one's head above water). Interest paid on saving accounts and/or other investment vehicles is next to zero (so other sources of income can't be counted on). Farmers and / or ranchers are facing increasing difficult times as their income comes under pressure (and the family farm/ranch is NOT receiving the bailouts offered by the rump admin., large corporate farms/ranches are instead. Incomes are not increasing as fast as costs are (we all know this already).
The list goes on and on. All I'll say is don't have 100% invested in one place (e.g., the stock market). The market has had a good run, take some money off the table if you can. Think 'bubble' of the stock market and its rise over what, 11 years now?
Many other things going on too numerous to elaborate on here (such as the Feds injecting massive amounts of funds into the Banking system to stabilize liquidity, maintain the Fed's targets (interest rates, etc.), especially over the last several weeks (over $500 Billion dollars so far)).
If one is interested in learning more, there are plenty of videos on YouTube (online) that can explain some of the above happenings and what impact(s) they have on the rest of the economy and us.
shockey80
(4,379 posts)The writing is on the wall. It is written in the history books.
empedocles
(15,751 posts)most other tiers not doing so well, lot of paycheck to paycheck which is shaky. Stock markets and retirement plan numbers are artificially inflated by corporate buyback 'incentives' [huge windfalls for top executive stock options for diverting funds into buybacks instead of R&D, etc.].
Surprising 7.5 trillion plus [Elliott Wave Theorist], from foreign sources in US markets, [who tend to be late and wrong, Japanese 80's debacle in US markets ring a bell?].
Crash may still be put off, as it has been for years, or happen sooner, but when it hits, a big drop likely from current precariousness.