Our financial system is crumbling this week.

[heyzeus]

I don't think people have grasp the long term effects yet. The cuts to research and the ability for some companies and organizations to look long term. It's the baby boomer generation literally saying "[expletive] you I got mine" and then blowing up the ladder behind them.

It's long felt that way. They got their job, pension, affordable home, well funded school, clean environment, and retirement, and they were damn sure not going to provide any of those for those who came later. Now it's clear that democracy itself is part of that list.

But their kids were such smart-mouthed ingrates...

Welcome to the national equivalent of "You want access to this public swimming pool? We'll just defund it and fill it with cement."

The nation's attitude has long been to destroy something rather than let undesirables get it.

H. L. Mencken was right. This is a nation full of self-righteous Puritans who are angry that someone somewhere is having a good time. Can't have that.

That's a good point. This isn't new. And also, reminiscent of LBJ's observation: "If you can convince the lowest white man he's better than the best colored man, he won't notice you're picking his pocket. Hell, give him somebody to look down on, and he'll empty his pockets for you."

[sighyoung]

[sighyoung]

But this is necessary to get one or two textile mills paying minimum wage to move back to Ohio.

Appropriate how you mention Ohio. Remember that deal to build a gigantic Intel plant near Columbus? Well that's not going super well. Now delayed to open in 2030+.

https://www.news5cleveland.com/news/pol ... -to-repeal

Even well-intentioned and heavily subsidized plans to "bring manufacturing back to the US" are not quick, and do not always go well.

Who is going to be willing to make investments in manufacturing, that won’t pay off for years, on the idea that a Trump policy, cooked up his interns overnight or whatever, will remain in place?

Might get more utilization of existing capacity by running more shifts and the like, but it seems overwhelmingly downside. The potential upside of more investment doesn’t seem at all likely under these conditions.

[sighyoung]

These [expletive] clowns.

[Donnie Ebert]

In a normal world we would investigate to see who benefited from this market manipulation. But we won't.

And this will be forgotten due to the fifty other fires started in the near future.

[Jocephus]

In a normal world we would investigate to see who benefited from this market manipulation. But we won't.

And this will be forgotten due to the fifty other fires started in the near future.

nobody remembers signalgate

[Jocephus]

i do assume we're gonna learn this was a giant swindle and not a plan to "reset the market"

[sighyoung]

[sighyoung]

[thrill]

Steve Mnuchin. Underrated? Jk who cares.