Thursday, August 22, 2019
COMMON GROUND: NEITHER KANSAS CITY CHEERLEADERS NOR MAGA FANBOYS PREPARED FOR PREZ TRUMP RECESSION!!!
The global economy doesn't care about stupid American politics.
Efficient markets have little regard for racial harmony, family values, deities or whatever fake social construct motivates the plebs and their silly superstitions. Because when it comes down to it, people without cash will eat each other or the family pet amid harsh times.
But it's not all tough talk from this basement bunker . . . There's actually a bright side . . .
BOTH KANSAS CITY CHEERLEADERS & MAGA FANBOYS ARE, IRONICALLY, ON THE SAME SIDE AGAINST TALK ABOUT THE THREAT OF A PREZ TRUMP RECESSION!!!
Maybe they won't hold hands in the bread lines but the commonality is important.
Nationally, the right-wing chatter against economic slow down has been fueled by talk of conspiracy & political sabotage.
Closer to home . . .
TKC EXCLUSIVE!!! INSIDER: CITY HALL ISN'T READY FOR THE END OF THE HISTORIC PREZ TRUMP BULL MARKET!!!
Here's the word with plenty of deets about a budget that has been STRUCTURALLY UNSOUND for nearly a decade:
"We're now moving toward 1/4th of all KCMO taxes going to debt service and we've never been more dependent on the earnings tax. We're still giving away almost $150-MILLION a year in TIF and other incentives. The culture of Kansas City's government is dependent on economic prosperity. Without the current and rising levels of revenue coming in, KC would quickly find itself overextended and still in need of a great deal of infrastructure repair and maintenance."
Accordingly . . .
LOOK FOR BOTH PREZ TRUMP SUPPORTERS AND KCMO CIVIC BOOSTERS TO DENY ANY SIGN OF RECESSION!!!
There's a precedent for this . . . During the subprime crisis that nearly killed capitalism, right-wingers were apt to blame the broke-ass marks who defaulted rather than the elite bankers who made the bad loans and profited handsomely by way of "too big to fail" government debt forgiveness.
From the opposite end of the spectrum, the so-called paper-of-record refused to acknowledge the economic slowdown for years in order to praise the "blessed" Prez Obama years.
Meanwhile, a great many locals saw their retirement funds cut drastically and years of financial progress vanished thanks to Wall Street fuzzy math.
IF there's a recession this time around, the only thing for certain is that the rhetoric and reporting will be even worse whilst partisan hacks attempt to blame one another for harsh times that have more to do with the rise of China as a global super power.
Check the links . . .
Fox News: Sean Hannity: Media, Democrats 'want people to suffer' in recession so Trump loses in 2020
CNBC: Trump reverses course, says he’s not considering tax cuts, because of ‘strong economy’
Politico: Trump team braces GOP donors for a potential ‘moderate and short’ recession
Vox: How bad would a recession be for Trump in 2020? 8 experts weigh in.
The Hill: Soaring deficits could put Trump in a corner if there's a recession
CNN: Bonds flash another recession warning sign, even as Dow rallies 240 points
The Atlantic: That old truism of American politics—“It’s the economy, stupid”—could come back to haunt the money-minded president in 2020.
Developing . . .