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Business, Economics, and Taxes: Eat Cereal for Dinner

Deutsche Gopher Fan said:

Chris Hayes (@chrislhayes.bsky.social)

Lemme just say if President Bernie Sanders had unilaterally imposed, by executive fiat, hundreds of billions of new taxes, personally browbeat executives about job cuts and investments and then fired the head of BLS, the Chamber of Commerce and the business orgs would not be sitting idly by...
bsky.app bsky.app
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Sitting idly by? Who’s he kidding? Jamie Dimon openly loves all the economic shit Trump is doing.
 
psych said:
Sitting idly by? Who’s he kidding? Jamie Dimon openly loves all the economic shit Trump is doing.
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Is this really true? Why would any Wall Street dude approve of this chaos? They have already rigged the game, the last thing they want is uncertainty.
 
Kepler said:
Is this really true? Why would any Wall Street dude approve of this chaos? They have already rigged the game, the last thing they want is uncertainty.
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His interview on CNBC yesterday. Said the tax bill created a stable tax environment, made us internationally competitive, that a non-internationally competitive tax environment is bad for poor people, which implies this tax bill is good for poor people. Called the tariffs “moderate” and “thoughtful” after the initial uncertainty everyone and their mother had about them.
Yeah, I guess he could be lying, but then why not, as the author suggested he’s doing, just sit idly by?
 
psych said:
His interview on CNBC yesterday. Said the tax bill created a stable tax environment, made us internationally competitive, that a non-internationally competitive tax environment is bad for poor people, which implies this tax bill is good for poor people. Called the tariffs “moderate” and “thoughtful” after the initial uncertainty everyone and their mother had about them.
Yeah, I guess he could be lying, but then why not, as the author suggested he’s doing, just sit idly by?
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Oh so he's just sucking up to the imbecile. That doesn't mean he actually approves of it, it means he knows we are post-fact / post-truth and the way to play it is to say "Yes, Anthony, it's good that you pooped your pants!"
 
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Jamie Dimon got whitewashed as a hero by chodes like Andrew Ross Sorkin during the financial crisis despite getting huge government help when making JP Morgan stronger. The guy is a POS and despite supporting corporatist Dems has zero issue witj what is happening now. JP Morgan Chase has zero worries.

He isnt sucking up...he believes what he is saying because he is everything wrong with the financial system.
 
psych said:
I think the simpler explanation is he likes it.
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No, he's a scumbucket but he's smart enough to know the only thing that can spoil the game he rigged is somebody kicking over the table.

Dump's stupidity can either (1) bankrupt everybody, even the rich, and/or (2) provoke a radical backlash that makes Eugene Debs look like Mark Warner, and leads to not just a reversal of the Reagan Redistribution but a clawback of all the stolen trillions.

An alternating slow death of Bush-Clinton-Bush-Obama would have simply continued the domination by Dimon's parasite class forever. The last thing he wanted was some accelerationist nincompoop to rattle the cage.
 
Handyman said:
Jamie Dimon got whitewashed as a hero by chodes like Andrew Ross Sorkin during the financial crisis despite getting huge government help when making JP Morgan stronger. The guy is a POS and despite supporting corporatist Dems has zero issue witj what is happening now. JP Morgan Chase has zero worries.

He isnt sucking up...he believes what he is saying because he is everything wrong with the financial system.
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Yup. These are the assholes we’re supposed to cater to at election time.
Kepler said:
No, he's a scumbucket but he's smart enough to know the only thing that can spoil the game he rigged is somebody kicking over the table.

Dump's stupidity can either (1) bankrupt everybody, even the rich, and/or (2) provoke a radical backlash that makes Eugene Debs look like Mark Warner, and leads to not just a reversal of the Reagan Redistribution but a clawback of all the stolen trillions.

An alternating slow death of Bush-Clinton-Bush-Obama would have simply continued the domination by Dimon's parasite class forever. The last thing he wanted was some accelerationist nincompoop to rattle the cage.
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How the hell is Jamie Dimon going bankrupt? Who is he losing his money to in this doomsday scenario you speak of? Sure as shit ain’t going to what’s left of a middle-class or the growing number of working poor in this country. Maybe your level of wealth somehow gets fucked more- I kinda doubt it- but the Jamie Dimon-level of wealth wins no matter what. That’s how the game is rigged. Jamie gets no credit for being “smart.” Fuck him.
And we just voted for Trump again in 2024, despite what we all knew. We’re far more into fascism than some backlash against the wealthy that results in any meaningful change, especially in the short-term.
 
psych said:
How the hell is Jamie Dimon going bankrupt? Who is he losing his money to in this doomsday scenario you speak of?
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They aren't immortals any more than warlords or aristos were in other ages. Enormous change removes one ruling class and substitutes another. You don't have to imagine The Triumph of Global Socialism to imagine a world where the financial bros' wealth collapses. It's in two places: in bits and estates. The bits can collapse overnight; we've seen it. As they hollow out regulation and detach the market from tangible assets it gets more likely every day. OK, then that leaves them with their property. But how do they hold onto that property? How do they pay their mercs? The Merovingians must have felt secure the morning their Property Manager showed up with an army and said "change of plan."

Don't exaggerate their power. They are not untouchable.
 
psych said:
Yup. These are the assholes we’re supposed to cater to at election time.


How the hell is Jamie Dimon going bankrupt? Who is he losing his money to in this doomsday scenario you speak of? Sure as shit ain’t going to what’s left of a middle-class or the growing number of working poor in this country. Maybe your level of wealth somehow gets fucked more- I kinda doubt it- but the Jamie Dimon-level of wealth wins no matter what. That’s how the game is rigged. Jamie gets no credit for being “smart.” Fuck him.
And we just voted for Trump again in 2024, despite what we all knew. We’re far more into fascism than some backlash against the wealthy that results in any meaningful change, especially in the short-term.
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He is worth $2.5 billion as of the beginning of the year...the struggle is real ;)
 
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