As we saw with the COVID pandemic, the global economy can be wrecked in a very short period of time. And as we saw afterwards, it takes a long time to recover.
Once again, Trump & the Republicans have led us to the quick crash and we'll need the next administration to work on the long recovery.
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#Trump #MAGA #TrumpEconomy #EconomicDownturn #ApprovalRating #USPolitics
ARE WE IN A RECESSION? Yes, if you live in one of these 22 states.
Economist warns the U.S. nearing economic contraction due to Trump’s economic policy.
✅ Tariffs on imports led companies to pull back from expansion plans.
✅ No labor-force growth this year
✅ Federal job cuts tied to Elon Musk’s DOGE have pushed DC and surrounding states into the deepest downturn of any region.
#Economy #EconomicDownturn #MarketWatch #MuskEconomics #EconomicPolicy #PolicyFailures
#Drumpf warns #GoldmanSachs to do like he did, and fire top #economist who submitted data predicting #EconomicDownturn as #TrumpTarffs cause chaotic #MAGA market pressures.
Damn! This DDG AI summary is spot-on (I usually don't use them).
"When Rome turned its armies against its own citizens
The Roman Republic and later the Empire, saw several instances where military force was used against its own citizens, usually due to internal political struggles, civil wars, or revolts
- The nature of Roman politics: Power struggles and rivalries among powerful individuals and factions were common throughout Roman history, especially during the late Republic and periods of imperial instability.
- The evolving role of the military: As the Republic transitioned into an Empire, the army's role shifted from primarily defending the state's external borders to also playing a decisive role in internal power struggles and securing the position of ambitious leaders.
- Moral and legal implications: Using armies against Roman citizens or within Roman territory was often considered a violation of tradition and law, but ambitious leaders were willing to defy these constraints in pursuit of power."
Hmmmm.... Sound familiar?
Sources:
https://en.wikipedia.org/wiki/List_of_Roman_civil_wars_and_revolts
https://www.history.com/articles/6-civil-wars-that-transformed-ancient-rome
https://en.wikipedia.org/wiki/Crossing_the_Rubicon
Archived version of above:
https://archive.ph/1RUJn
#TaxBreaksForTheRich #NoDictators #TrumpSucks #TrumpLies #USPol #ArmedPosses #FoodShortages #HighRents #MAGA #MakeAmericaGreatAgain #MakeRomeGreatAgain #NoKings
#NoEmperors #EndOfTheRepublic
#HistoryRepeatsItself #EconomicDownturn
Lessons from the Late Roman Army
June 25, 2014
"As the Empire grew, successive leaders, now styled as Emperors widened the veteran benefits until the mid third century A.D. After this troubled period of revolts, barbarian attacks and #EconomicDownturn and collapse, Roman authorities gradually reduced pensions and lengthened the period of active service necessary to receive full credit for service. This appears to have been done to reduce taxes for wealthy Romans living in the provinces."
https://cimsec.org/lessons-late-roman-army/
#TaxBreaksForTheRich #NoDictators #TrumpSucks #TrumpLies #USPol #ArmedPosses #FoodShortages #HighRents #MAGA #MakeAmericaGreatAgain #MakeRomeGreatAgain #NoKings
#NoEmperors #EndOfTheRepublic
#HistoryRepeatsItself
Economy shrinks again in May, hitting Labour’s growth plans
#UKEconomy #EconomicDownturn #LabourGovernment #GrowthPlans #GDP #UKPolitics
President Lee Jae-myung signaled a shift toward fiscal stimulus, urging the use of government spending to counter South Korea's prolonged economic downturn and calling for a supplementary budget to support recovery.