Elites value being able to retire, having savings that aren't worthless, and not being associated with a guy who will be pushing for a 20% or below approval rating if he detonates the bond markets.
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Again, based on this model many things that are already happening wouldn't be happening. We can't seriously keep telling ourselves "well, now _this time_ he fucked around too much with the money"
aug 26, 2025, 12:59 am • 2 0 • view
I mean when the dollar initially plunged after Liberation Day, Trump notably did pause or back down from some of the worst tariffs. TACO became a thing for a reason.
aug 26, 2025, 1:00 am • 15 1 • view
And then what happened after that? What tariffs do we have now?
aug 26, 2025, 1:03 am • 0 0 • view
We backed down from almost all tariffs with Canada and Mexico, our two biggest trading partners!
aug 26, 2025, 1:05 am • 8 1 • view
Like, nobody is saying this is ideal! It’s freaking terrifying! We’re saying even this utter dumbass is accountable to external reality, and knows it.
aug 26, 2025, 1:07 am • 8 1 • view
Actually, I'm not sure he *knows* it. That seems to be what's driving this spectacular mess forward.
aug 26, 2025, 1:07 am • 11 0 • view
Trump thinks he's infallible and invincible, and he's out there doing some truly marvelous experiments to ultimately falsify this.
aug 26, 2025, 1:08 am • 7 1 • view
Yeah he always thinks that! Every time! Then suddenly pivots to NOPE RUN AWAY when adversity kicks in lol.
aug 26, 2025, 1:10 am • 6 1 • view
You may have noted he is in the process of chickening out of the Invasion of Chicago as we speak. Sometimes he KNOWS when he’s in over his head. We’ll see what happens here!
aug 26, 2025, 1:08 am • 7 1 • view
I did note that. I’m not saying that Trump is not accountable to reality, I’m saying that “reality” is very shaped by elites that are every day making it more clear they’re on board with the program. What you guys are saying requires a strong external check that is harder to envision by the day
aug 26, 2025, 1:12 am • 0 0 • view
If elites had the power to simply imagine good economic conditions into being, they'd do it more often. But at some point, consumers are going to start biting it.
aug 26, 2025, 1:15 am • 11 1 • view
Yeah I mean WE’RE the check lol. And pretty sure we’re all “elites” here too, by the going definition. (Bachelor’s degree hell yeah.)
aug 26, 2025, 1:17 am • 5 1 • view
But yeah once the guy’s approval gets much lower in the thirties, people even more elite than us here will begin getting cold feet.
aug 26, 2025, 1:19 am • 4 0 • view
I mean elites in Krugman’s “masters of the universe” sense. Anyway, we’re at an impasse here. We’ll see and I’ll be more than glad to get owned by you guys on this.
aug 26, 2025, 1:19 am • 0 0 • view