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Farmer-Rick

(11,978 posts)

17. It use to take years before the bad economic decision

Wed Jul 2, 2025, 11:43 AM

Jul 2

By the fools in DC would affect the larger economy. Like when in 1994 NAFTA and the other stupid free trade agreements were approved, when deregulation went wild in 1993 and when Glass - Steagell was repealed in 1999, it took untill 2008 before the real cracks showed. Each of those decisions made the economy worse and worse and then it cracked open.

Now with our jobs all moved to cheap labor countries, immigrant labor forced out, tariffs, inflation, wealth concentration and no regulations on capital, it takes a lot less time for the economy to crack. That's why W saw a collapse at the end of his term. It only took 7 years for the economy to break that time.

I bet the economy breaks this time in 3 years. As the economy gets weaker, it takes just a small push to destroy it versus the huge pushes in the 1990s..A bad economy is quicker and easier to destroy.

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bronxiteforever Farmer-Rick

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The private sector lost 33,000 jobs in June, badly missing expectations for a 100,000 increase, ADP says [View all] BumRushDaShow Jul 2 OP

I don't see how they can trust any numbers from the federal govt either mdbl Jul 2 #1

This message was self-deleted by its author Bernardo de La Paz Jul 2 #6

Yes! tRUMP and his christo-fascist regime will start cooking these numbers if the SM starts going south wolfie001 Jul 2 #10

The markets are still being propped up newdeal2 Jul 2 #2

Currently they are being propped up by retail investors, the public, not by deep dark nefarious forces Bernardo de La Paz Jul 2 #7

That's who will lose when it all comes crashing down IronLionZion Jul 2 #16

Sure, but the poster's conspiracy theory about big dark forces propping it up seems almost reflex. . . nt Bernardo de La Paz Jul 2 #18

The market is moved by Hedge Funds edhopper Jul 2 #28

Okay, more like sons & daughters (20s, 30s, 40s) on Robinhood. Bernardo de La Paz Jul 2 #31

And all won't see it coming edhopper Jul 2 #32

Cain't be true. All them illegals they already rounded up? tanyev Jul 2 #3

The gap between the ADP and BLS reports is usually many times larger than the gap between private sector and "all" jobs progree Jul 2 #4

US private employers cut 33,000 jobs in June, the latest sign of a slowing labor market mahatmakanejeeves Jul 2 #5

Almost like tariffs, mass deportations, harassing tourists, are all bad for business IronLionZion Jul 2 #8

Throttling the clean energy sector, insulting heads of states, Mr. Mustard 2023 Jul 2 #13

G.O.P. is driving our economy into the crapper BoRaGard Jul 2 #9

All the firings had to hit sometime and all the obvious AF businesses that will now fail because of lack of cu$tomer$? Brainfodder Jul 2 #11

The Manufacturer's Index declined for the moniss Jul 2 #12

In the middle of all this chaos it's common sense to think things will slow down. Growth and prosperity like calm water. NoMoreRepugs Jul 2 #14

Trump -I did that! Gimpyknee Jul 2 #15

It use to take years before the bad economic decision Farmer-Rick Jul 2 #17

2008 not caused by 1994. But I think this economy will break in less than 3 yrs bc tRump's actions are drastic. . . nt Bernardo de La Paz Jul 2 #20

I agree edhopper Jul 2 #29

+1 Very well thought out reply. Good points. bronxiteforever Jul 2 #21

Stable genius at work Yo_Mama_Been_Loggin Jul 2 #19

Those people on the Titanic just wanted to go for a swim. There was no iceberg and the ship will be docking in twodogsbarking Jul 2 #22

don't you worry dear leader will conveniently blame Biden. even though it makes no sense. nt Javaman Jul 2 #23

So much winning!!! llmart Jul 2 #24

If you were a republicon billionaire, this wouldn't bother you BoRaGard Jul 2 #25

Yikes Demovictory9 Jul 2 #26

The problem is that ADP uses a different methodology than ADP. lostincalifornia Jul 2 #27

I just got hammered the other day KentuckyWoman Jul 2 #30

It's All Going To Hell In A Hand Basket DallasNE Jul 2 #33