No. of Recommendations: 20
Agreed things are different this time, but how different? Things were different when Covid locked down the global economy, as another example.
Earth shakingly different, unless you think the US economy can thrive independently of the rest of the world. Our reputation barely survived his first term, but I had hope that the rest of the world could forgive that mistake as long as it was never repeated. Now we see a doubling down of bad moves this term. Our previous allies have come to realize that we are not dependable in any way shape or form, and that treaties with us are meaningless because we have a leader who will not keep his word. In that way, we are more dangerous than Russia, because with Russia, you know what to expect. Well, the rest of the world now knows to expect uncertainty with us, which is not a feature one seeks in an ally.
Not only will all efforts be made not to buy American products, nor sell to the USA, the imprisoning of visitors is causing countries that have spent serious tourism dollars to counsel their citizens not to come here, resulting in mass cancelations of trips to the US. It has become patriotic for Canadians not to come to the US, and causing even a sell off of vacation homes in FL, even in their down market. Maine is getting crushed. This precipitous drop in tourism is of course is a huge hit to our economy all in itself.
And how do the US citizens spend money in this climate of slashing jobs and benefits? I guess that is your one hope for a rebounding economy, assuming price inflation from the economic and political stupidity doesn't simply remove the ability for discretional spending. After all, it only took 4 years for half of the voting adults to develop amnesia and vote the Idiot back into office.
Covid was temporary. I don't know that this is resolvable, at least not in my lifetime, which should be another 30-40 years.
Yeah, depressed.
IP
