Comment by bayarearefugee
17 hours ago
> 'this time it's different'
I remember reading this a lot in 2000-2001 and 2007-2008
That said, overall I sort of agree with your assessment except for having any optimism that the US changes course.
The current looming problems with the US economy are almost entirely unforced errors of the Trump administration (they could have done basically nothing and taken credit for the Biden soft landing and economic growth) but they aren't going to course correct.
Trump has no ability to admit mistakes even to himself and he's now surrounded by lots of people who stand to enrich themselves from the chaos even as the average American is harmed greatly.
>Trump has no ability to admit mistakes even to himself
Whatever happened to 'TACO'
Still, he'll be gone one day and I am going to be all in on that day. It'll all be hockey-sticks from that moment on.
How much of America’s growth since the 40s is attributable to its hegemony, stability, and the emergence of USD as the reserve currency of the world? And where other developed, stable nations started dropping in population, the US continued growing thanks to immigration and its center as a research Mecca.
All of those are being unwound as we speak, and it’ll take decades to prove to the world that any trade policy and government agreements may be kept longer than 4 years.
>growth since the 40s
The US growth trend has been fairly constant since the late 1800s. There's no real discontinuity in the trend around the time the US become hegemon.
https://upload.wikimedia.org/wikipedia/commons/0/01/GDP_per_...
Part of why Switzerland is so stable is because of its neutrality. Switzerland doesn't have to deal with Russia interfering in its elections the way the US does.
The US became the wealthiest country on a per capita income basis in the 1880’s, over taking the UK.
The US was quite isolationist up until the end of WW2, so I’d argue global hegemony isn’t that important when it comes to economic performance.
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He'll be gone. The trust in the US won't come back. If your constitution and political system allow such a moron to wreak so much havoc in such a little time, why would we ever trust you again?
Trump, yes. The millions of people that voted for him multiple times despite no shortage of reports and credible allegations that he was a scumbag... Will not.
Trump isn't the problem, he's a symptom.
What you're missing is that America was always like that. And it's been extremely successful. For sure there have been some changes in social dynamics, not just in the US, but worldwide. But the recipe that made the US successful has not changed much. Market economy, geography, attracting talent, innovation, freedom.
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The rest of the Republican Party is completely devoid of charisma, especially the kind that drew so many voters to Trump. There is no drop-in replacement.
Lots of money will be spent trying to manufacture a replacement, though. That will be fun to watch. If you thought the last-minute rally around Kamala was tough to watch…
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No, Trump getting elected twice is the exact reason Fox News and the like were created.
Trump is president because:
- the absolute failure of the left and the press to address Biden’s cognitive decline.
- Democrats deciding to die on the “trans women are women” hill.
The marginal Trump voter did not very much care for Trump.
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