I (naively) thought that the affect of the tariffs would sour some folks on Donald. But now I’m seeing this new narrative that Trump is tanking the economy on purpose to lower interest rates in order to more easily pay off the national debt. People telling me I know nothing about economics if I don’t think a recession is a good thing. He literally can do NO wrong in their eyes and it’s disturbing
Originally Posted By u/BeautifulEnergy6954 At 2025-04-06 08:43:34 AM | Source
Understanding economics and intelligence are highly linked, so it should be no surprise that the MAGA crowd don’t understand that a recession tanks a countries credit rating.
A lower credit rating makes loans more expensive so literally the opposite of their current narrative.
Yeah a relevant amount of the us wealth had been that we were basically the lannister of countries. Our credit was so good it was seen as essentially riskless to loan us money and so we were able to borrow at ridiculously low interest and more or less as much as we wanted.
I was raised being told that US bonds were low yield investment where the only reason it wasn’t guaranteed was because the bond holder may back out and cash out early. More stable than a savings account. But morality aside, I trust my credit union to responsibly hold and return my money far more than the US government and in fact I see the US government as the weak link in all major investment strategies at the moment.
Many Americans fail to understand how much of our lives benefitted from a stable and reliable government that pays its debts, supports its allies, and provides global aid. But we’re gonna learn alright