Torched a perfectly good economy for zero reason
Reason (hopefully, too paranoid to be true): The idea is to bring overseas work back to the US, right? That means addressing the US "issues" that led to offshoring: environmental regulation, unionization and resulting benefits and good wages, etc.
Make people desperate enough, they'll look the other way as you eliminate the regulation, break the unions, cut minimum wage laws as a "crisis" measure, etc.
Automating jobs is one way to do this, and fairly painless to the people doing the automating if their complaints department and most other public faces are AI.
But you've also got to hard-crash the economy to make it stick, and then
keep people desperate.
This isn't going to happen overnight, and it isn't going to be just a
GOP TOP thing. The whole oligarchy must be in on it to make it work.
I thought of this today -- call it paranoia, please! -- after realizing the similarity between the sense of helplessness one feels now at Congress dragging their feet and the press not doing their job -- after seeing them in action on Nixon, I know what they
should be doing on, say, that Musk/Palantir/"hackathon" thing, and they almost completely buried the huge "Hands Off" turnout -- and the sense of helplessness over the 2024 presidential election.
We are not being given popular choices and I don't think that's accidental. And it's so "soft" that you just flounder around trying to define it, let alone fight it. That is not coincidental, either.
I'm not especially a fan of Ezra Levin, and some of the groups associated with that Indivisible.org that he's with give me the creeps (honesty is the first step towards letting go of hate that others can use to manipulate you -- life lesson, that).
But I think, taking a long view, that we are in an
e pluribus unum moment here, and if we fail...
...well, all this now will be the Golden Age, the Good Old Days.
And maybe some investors see this far ahead and realize what the US might be in for and so are no longer viewing our bonds as a good, stable option.