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[quote=Anonymous][quote=Anonymous][quote=Anonymous]A Great Depression is coming. You are living in the roaring 20's. Warren Harding (and then Calvin Coolidge) were presidents from 1921 - 1923 and then Coolidge from 1923 - 1929. Their policies included:

1. High Tariffs 
2. Low taxes (they even gave tax money back to the wealthy) 
3. Low/reverse immigration 
4. Low government spending - they even had their own DOGE known as the Bureau of the Budget.

It led to the Great Depression. It turns out vacuuming up money from the majority of people, making goods too expensive for people to buy and turning off government spending is extremely bad for the economy. Why the GOP wants to try these exact same policies again is beyond me. 
[/quote]

We have a lot of checks in place now that weren't there now -- because of the Great Depression. This is why we need to stop Trump from taking all the guard rails off.

HELLO GOP -- get this scum bag  Trump out of office. Use the EPSTEIN FILES if you need a reason so you will look really good to your constituents. Do it.[/quote]

This is how they justify the same policies - oh, it will be different this time. Look at the Heritage Foundation. They worship Calvin Coolidge. They think the Great Depression just happened and it was government intervention that made it worse. Apparently, all of the exact same policies that we had in the 1920s had nothing to do with the stock market crashing.

We have a perfect storm for a major crash. First, money hoarders (Corporations, Nonprofit hospitals, universities, billionaires) are all sitting on big sums of cash. That means that a lot of money in the economy is not actually circulating or creating value. It's just sitting there, like a big drag on the economy. Second, government spending is typically a money multiplier ($1 spent by the government leads to $2 worth of value). Trump has put the breaks on government spending. A lot will evaporate on Sept 30. Third, we already have near record economic inequality - the rich 1 percent are richer than the bottom 99 percent by a vast amount. And then the top 20 percent are still much, much wealthier than the bottom 80 percent - who are getting poorer or whose income is stagnant. Therefore, the economy is literally grounding to a halt. People who have no money, spend little. The little they spend gets hoovered up to a billionaire or wealthy corporation, who doesn't spend it. Less money circulates, less people spend ... until ... Great Depression.  [/quote]

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