This looming calamity will make every previous Trump crisis feel like a speed bump

[B.See]

This looming calamity will make every previous Trump crisis feel like a speed bump - Opinion by Thom Hartmann - Raw Story

Republicans may be fixing to crash the economy again — Republican presidents oversaw 10 of the last 11 recessions and the Republican Great Depression — and they’re doing it to satisfy the greed of the billionaires they serve.

Today, every one of the fuse lines that set off those explosions is once again being laid by (Trump) and (a) party that has abandoned any pretense of economic stewardship or patriotism.

They are actively destabilizing the pillars of our economy, undermining our democracy, and gutting the social contract that held us together for nearly a century. And unless we act — forcefully, quickly, and collectively — we may soon experience a collapse that makes 2008 look like a speed bump.

[no_hypocrisy]

1. It's what happens when you redistribute the wealth from The People to the Oligarchy.

[rampartd]

2. what happens is 1789 paris

or Bolshevik st petersburg

the "elite" of trump world will escape with all the money leaving us with out a functioning government or economy

[markodochartaigh]

8. "...the

"elite" of trump world will escape with all the money leaving us with out a functioning government or economy".

We're already about half way there on both counts.

[FakeNoose]

15. Where will they go? Do they actually think it's going to be better "someplace else"?

If they do, then they are entirely foolish. And yet, if they stay here after the shit they've stirred up, there WILL be a repeat of the French Revolution ... but with gunz instead of guillotines.

[markodochartaigh]

16. The really rich already live practically in their own world

with the private jets, yachts, islands, estates, etc. I think that they just resent having us around except a few sycophants as servants. It isn't where will they go, it's where will they shove us.

[Kid Berwyn]

3. Bow Down, America

“Every critic, every detractor, will have to bow down to President Trump,” says Manigault, the director of African-American outreach for the GOP nominee’s campaign, in a Frontline special set to air Tuesday on PBS. “It’s everyone who’s ever doubted Donald, who ever disagreed, who ever challenged him. It is the ultimate revenge to become the most powerful man in the universe.” -- Omarosa Manigault, October 26, 2020

https://www.essence.com/news/omarosa-manigault-donald-trump-bow-down/

"God help us." -- Gen. John Kelly, October 2, 2023

[misanthrope]

4. All things according to their nature.

"You knew I was a snake when you brought me in from the cold."

[pat_k]

5. A crucial point

For the morbidly rich, Republican recessions and depressions are “buying opportunities”: it’s class war, plain and simple.

This is an absolutely crucial point that people who are perplexed that the billionaires who financed the reactionary capture of the media and the apparatus of government continue to support the 47 regime's sabotage of everything that has been proven to support the prosperity and well-being of the nation as a whole (the sabotage of things that rational people recognize need to be EXPANDED as we move down the road to a more perfect union, not destroyed.)

If you ever think "They are hurting themselves. They'll lose too." think again. Remember this point.

[twodogsbarking]

6. I don't think "recession" will begin to describe what we will experience. An orange recession.

[Botany]

7. And the home building and remodeling industries along with home loans are gonna take a hit as Canada stops sending us

… lumber because of fuck nuts’ tariffs. Canada and Mexico are now working together to cut America out of
businesses with them.

[Evolve Dammit]

9. OrangeJulius is just having fun. There is no forward thinking. At all.

[BurnDoubt]

10. Watch what happens when you ...

Tee-up a Faberget Egg on a kicking tee.

[multigraincracker]

11. Please join me. Go on Etsy.

Order some “Eat The Rich” stickers and display them where they can be seen.
They might fear being boiled and eaten more than Drump. The more that join me, the better it will work.

[FadedMullet]

12. The post about Repubs bringing about ten of the last eleven recessions should make us realize.....

.....that the wealthy cash in their chips after Democrats have built a thriving and prosperous economy, take the
dough and sink the ship, well before the rising tide has helped anyone but themselves.

[Keepthesoulalive]

13. This is on the American people

How many times do you let hatred get in the way of reason. There is always some group to hate and they constantly vote for economic pain. With each republican president we lose ground and the people don’t get it

[B.See]

17. Republicans have long been masters at

demonizing some "other"while robbing their own bamboozled CONSTITUENCY even BLINDER.

[Hornedfrog2000]

14. Just had approval for a full 401k withdrawal.

I dont want to be the last one holding the bag. The writing is on the wall. I wonder when panic sets in and everyone pulls their money out at once, if that will be when he pulls his martial law shit.

[progree]

19. I hope you don't have to pay a lot of taxes on it, as that's what happens when you withdraw from most

401k's. Unless it's a Roth 401k and then one loses the gold standard account tax-wise: Tax-free accumulation and tax-free withdrawals. Tax-free period.

I just don't want people to think that's a good idea without understanding the tax consequences. And most 401k have relatively safe alternatives to stock funds, like FDIC-insured CD's or money market funds. So that one can just shift into those within one's 401k and not have to pay a lot of taxes. Similarly IRAs.

What matters besides taxes, is what you will put your money in after you withdraw it from the 401k (or if you leave it in). There is a discussion in the Personal Finance group going on --
""Any ideas out there for safe havens?"
https://www.democraticunderground.com/11216445

[Blue Owl]

18. The Loomer Calamity?