That DESTROYED 32% of the US savings and loans—HALF A TRILLION dollars taken from the American people.
Musk thinks the cost will present a “hardship”—no, it will mean deaths. That’s what happens when people can’t afford to eat, can’t afford medicine, can’t afford basic meals.
He won’t suffer. The rich never do.
Second,
The idea that crashing the economy is a “solution” is just dumb. Greece is still fragile as fuck. Musk wouldn’t feel the pain, he just wants cheap employees.
There is no “temporary pain”—it’s an idiots view.
Third, there is no way to predict how long it would take to recover. The Great Depression lasted ten years and was devastating. The Great Recession was two and destroyed one of the largest banks in the US.
A fucking bank
Reagan/Bush oversaw the Savings and Loan debacle that… 4/
This isn’t difficult to understand, yet Musk manages to fail anyway: in the same way Twitter is now worth less (WAY less) than Truth Social—seriously.
Musk is a younger Trump. But Musk actually IS on drugs. And is just as dumb.
First, the debt was created by Republicans, who have no problem using other countries as a credit card to cut taxes. Democrats actually LIKE paying the bills. Republicans prefer letting their children do it.
Tax and spend is ALWAYS BETTER than borrow and spend.
3/
So Musk is we INTENTIONALLY crash our economy to “ensure a better future”—which sounds fine if you have foreign investments and don’t need American dollars which will be worthless as the value of the dollar plummets.
And what about food? It will skyrocket. Wages? Also plummet. Jobs? They will vanish. Think 1929 without the fun.
Musk forgets he DEPENDS on government largesse. Hard to do that when few people make enough money to buy things.
JFC did he fall asleep during his Econ classes?
2/
Musk re: debt: “Most importantly, we have to reduce spending to live within our means,” he said, adding that these efforts will “involve some temporary hardship, but it will ensure long-term prosperity.”
This is dumb. It’s a child’s view of economics.
This happened to Greece (involuntarily) 2007-2008. “Temporary”? Almost ONE OUT OF TEN Greeks is CURRENTLY unemployed after sixteen years.
Billionaires don’t suffer. That isn’t temporary. Musk is just fucking dumb.
1/
https://www.msnbc.com/the-reidout/reidout-blog/elon-musk-trump-hardship-austerity-taxes-rcna177732
He doesn’t know that the internet doesn’t forget.
He said it and can’t back it up.
https://www.factcheck.org/2019/04/trump-misleads-on-aid-to-puerto-rico/
Trump: "I don't know who (Tony Hinchcliffe) is...I know nothing about him. I love Puerto Rico and Puerto Rico loves me."
Tony was performing at YOUR RALLY. You vetted him, did you not?
“… only take from the USA”—someone didnt know it was PART of the USA.
He doesn’t like Puerto Rico one bit. And what they were complaining about was Trump preventing the money and supplies being RELEASED to Puerto Rico.
Because he thought it was another country.
Alfred said I’m whimsical…
“@Alfred
@feloneouscat It seems like you're talking about a hypothetical scenario of cooling something down to near absolute zero and using it as a weapon, possibly in a playful or humorous way. The idea of leaving someone with freezer burn adds a whimsical twist”
I know the first word I think of when I hear “freezer burn” is whimsy…
Spelt wheat has gluten.
“A Woman Died After Being Told It Would Be a “Crime” to Intervene in Her Miscarriage at a Texas Hospital”
I got four or five paragraphs in and started crying.
This shit is fucking evil.
https://www.propublica.org/article/josseli-barnica-death-miscarriage-texas-abortion-ban
And in your 50’s and still be known as “Kid Rock”—better name is AARP Rock.
Still plenty of months left to lose it all.
Did he get to honk the horn?
“If I wanted government in my body, I’d fuck a politician” #Feminist #FuckCancer #LGBTQ #BLM #Ally #RetiredEngineer #HearingImpaired #HorseParent