Opposition from Mitch McConnell means the spending package is dead and the US faces a shutdown and default

Probably won’t lead to anything other than no reconciliation/infra bills passing, but the idea of the economy collapsing and Joe Biden getting ragingly angry at questions on it in a press conference is entertaining

  • zifnab25 [he/him, any]
    ·
    3 years ago

    The economy is fucked either way

    The economy is only fucked because we outsourced everything twenty years ago and have decided to pick fights with our largest trading partners.

    All this pain is completely unnecessary. Just like with COVID, the nightmare can be over inside two weeks if the majority of people simply choose to do the right/smart thing. But they won't, because they've got a vested financial/ideological interest in pissing into the wind.

    Also, there is a large part of me that sees all of this as a controlled demolition ala Shock Doctrine.

    Meh. This is "Bush Did 9/11" territory. Like, yes. Technically we could talk about it being possible. But I don't see anyone currently running the country that can draw a clock, much less orchestrate a deliberate dismantling of the US economy that would involve:

    • Rising wages
    • Weakening US Dollar
    • A rekindling of the long-thought-dead leftist political movements
    • Critical failure of profit center industries
    • Frantic, clumbsy embrace of moribund and unpopular social policies
    • Spread of a highly contagious disease that mostly kills old people

    This doesn't look like a controlled anything. It looks like a disintegration of post-WW2 institutions as Boomer-gen politicians scramble to herd increasingly rebellious and hot-headed residents in the only ways they still know how. I don't believe anyone at the top of this dinosaur knows where its feet are at, much less what direction it should be going.