This is why the U.S. middle class collapsed

[Correll]

Reagan and Bush sold off the factories to the lowest bidder from around the globe.

Did you support that? DO you support that now?

 

[CrazyTrader55]

Reagan and Bush sold off the factories to the lowest bidder from around the globe.

Nope. The damage really started with NAFTA. Bill Clinton, two terms. Then George W Bush, two terms then Obama, two terms.

 

[Billiejeens]

People who are average workers, watching their retirement savings go away. Those who of retirement age. This isn't "great"

So, it's not those who are barely hanging on -

It's those who are looking to use their retirement savings that are tied up in the stock market, now.
Probably not the best time for that.

 

[Correll]

So, it's not those who are barely hanging on -

It's those who are looking to use their retirement savings that are tied up in the stock market, now.
Probably not the best time for that.

My wife and I are in that boat, looking at retirement in a few years.

 

[Billiejeens]

My wife and I are in that boat, looking at retirement in a few years.

In a few years it will be normalized.

 

[Correll]

In a few years it will be normalized.

Retirement? What are you trying to say?

 

[initforme]

In a few years it will be normalized.

All this damage, so fast, was not necessary.

 

[Correll]

All this damage, so fast, was not necessary.

If you wanted more nuanced solutions, you had decades to adddress these issues.

Instead, your posiiton has been to just fuck US.


So, now we do it fast and hard.

 

[shockedcanadian]

My, how short the memories are. What's even worse is that you think we can magically go back to being a production economy. Sorry to say, that ship has long sailed. And the economy will be long in ruins and Skippy will be long gone by time this country is able to make it back there.

We are a service economy. Have been for a few decades now. And we were doing quite nicely. Until Amateur Hour blew into town.
Unfortunately, that's what happens when you elect a hack and he hires hacks to run government like a business..you get chaos.

This too..shall pass. What's done, can be undone.

Why has the ship sailed?

America is the great consumer of the world if your leaders decide that for national security reasons, and they are just that; it is critical that U.S return manufacturing to their shores and encourage this through tariffs, then it WILL happen.

Did you know that GM helped with military production in WWII? If China broke it in war with Taiwan today the first thing they would do is nationalize all Western manufacturers in China and mass produce.

Wake up, the global grift is over if Trump stays the course.

 

[Billiejeens]

Retirement? What are you trying to say?

The overall economic situation

 

[initforme]

If you wanted more nuanced solutions, you had decades to adddress these issues.

Instead, your posiiton has been to just fuck US.


So, now we do it fast and hard.

So we can make people feel the pain?

 

[Billiejeens]

All this damage, so fast, was not necessary.

It kinda was.

We are the greatest economic driving force on the planet, yet America and Americans were not treated that way.

A new world is coming.

 

[Correll]

The overall economic situation

YOu see the investment numbers? THe jobs numbers? Very encouraging.

 

[Marener]

The US steel industry collapsed because they failed to innovate and change with the market.

Any industry protected by government becomes stagnant and inefficient.

 

[Correll]

So we can make people feel the pain?

nope. So we get results, and the more ground we gain, teh better.

 

[Correll]

The US steel industry collapsed because they failed to innovate and change with the market.

Any industry protected by government becomes stagnant and inefficient.

That is what we were told in the 70s adn 80s.

But, decades of globalization, has not led to better innovation.

All it has done is fuck the us workers.


So, now what?

 

[Billiejeens]

YOu see the investment numbers? THe jobs numbers? Very encouraging.

I did
That is why I think that the economy will normalize in a short period
By normalize, I am referring to the new normal.

 

[Correll]

I did
That is why I think that the economy will normalize in a short period
By normalize, I am referring to the new normal.

One of increasing manufacturing jobs, and wages across the board in this country?

i agree.

 

[Marener]

That is what we were told in the 70s adn 80s.

But, decades of globalization, has not led to better innovation.

All it has done is fuck the us workers.


So, now what?

The fuck it hasn’t. We are living in a far more advanced and innovative world now than ever before.

 

[Billiejeens]