Political Economy

Ludic

Chill Clowns, Political Economy, Politics

He is right. Even all the liberals chanting “Death to America” who firmly side with Hamas terrorists will miss Pax Americana and the liberal global order that rode on its back when that stability and peace is gone.

It’s going to be a wild few decades. That said, all orders collapse eventually. All systems have built-in frailties and weaknesses. The post-WWII arrangement is no different. It lasted longer than it likely should have after the end of the Cold War.

Rarely, though, has a system imploded in such a preventable and ludicrously tragicomic manner.

In Recess

Chill Political Economy

Should be a bit higher. And we’re going the opposite direction.

Unfortunately, partially due to that and the uncertainly around the government being destroyed, a recession is baked in, Great Recession II is extremely likely and depression chance is about 50/50 now. If Social Security checks are disrupted for more than a month, depression chance is 90%.

Understim

Chill Clowns, Political Economy, Politics

And this is why I thought then and continue to think that Matt Yglesias is a fucking idiot.

Obama made the choice that millions of Americans would lose their homes. And yes, that was a choice — it all could’ve been prevented. That was done to save the banks and specifically the banksters who wrote all that fraudulent paper. This decision ruined many Americans economically for the rest of their lives as well as making the Great Recession worse and last much longer than it otherwise would have.

Obama also oversaw the largest loss of black wealth in history. He was and is just an evil, venal person.

As president, he had one of the greatest opportunities for real reform since the 1930s. And instead he forked over the country and its wealth the rich all so he could be a billionaire later himself. No Obama, no Trump it’s also important to remember.

Tiny Baby

Chill Political Economy, Politics

Remember how so many clowns came out of the woodwork (or the clown car) to insist that Obama had no power, that he was just a little tiny helpless baby, that there was nothing at all he could do — even with both houses of Congress and a favorably-inclined Supreme Court?

Well I fucking remember even if you do not.

Now compare and contrast with all that Trump has done. Even if you omit the items that are plainly illegal, a president can do a whole hell of a lot. Whether this surfeit of power vested in one individual should be the case is not what I am debating. And I’m not even debating if Obama was a giant useless coward or not.

All I am stating is what the evidence 100% confirms: Obama could have done a lot more and chose not to, no matter what his idiot supporters claim.