FACE OUR FEARS: Trump is deliberately trying to crash the economy to send us into a Great Depression.
This is my personal theory and that of more and more political and economic experts. For instance, according to Common Dreams, Numerous observers have likened it to the "disaster capitalism" examined in Naomi Klein's seminal 2007 book, The Shock Doctrine: The Rise of Disaster Capitalism— this is when politicians and plutocrats exploit the chaos of natural or human-caused crises to push through unpopular policies like privatization and deregulation that harm the masses while boosting the wealth and power of the ruling class.
Welcome, you have arrived at this dystopian hellscape.
Trump is creating a recession. We were not anywhere near this kind of a crisis prior to the election. Actually, the economy was good, even if it was being perceived differently by certain media personalities.
According to Center for American Progress: The path of economic growth in 2024 again defied expectations. In both 2023 and 2024, real gross domestic product (GDP)—the typical measure for the total value of the economy, accounting for inflation—exceeded major public and private forecasts.
We also had stronger productivity growth returned despite a global slowdown. The acceleration of labor productivity growth—the change in output per hour worked—defied expectations for 2023 and 2024. The McKinsey Global Institute estimates that maintaining this average productivity growth over the decade could result in a cumulative income gain of $15,000 per household.
Inflation was declining without a recession in play before Trump came into power.
The unemployment rate—at 4.1 percent as of December 2024—has been at or below 4.3 percent since November 2021. Moreover, it has been at or below 4 percent for 30 of the past 38 months. This long period of low unemployment has not been seen since the late 1960s.
And, on average, net household wealth as a percentage of after-tax income reached a peak in March 2022 and has remained far above the long-term average.
So Trump and his regime inherited this – which could have been built upon – and instead decided to – in just a few short months – destroy all of this progress that had been made coming out of COVID.
What do you think?
REALITY CHECK: Trump wants to mimic Russia.
He wants the economy to be run by just a few tyrants – oligarchs – who are blindly loyal to him. You can’t do that when the country is economically stable and powerful with people who can fight back. If we, instead, concentrate power and money into the hands of the few, powerful loyal billionaires who also want more and more and more for themselves, the rest of us can live in poverty. He doesn’t care.
Don’t you think it is odd that he is insisting upon tariffs for EVERY country it seems…but Russia? The stock market is in free fall – they want to cut Social Security and every other safety net – and we need to start asking WHY.
What does Putin have on him? And when do we decide that Trump is a danger to our nation and must be removed from office? Which Republicans will finally stand with the Democrats and say, “Enough is enough?” before it is too late?
Until next time, take care of yourselves and each other.
- In solidarity, Natalie
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