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249 points Jtsummers | 1 comments | | HN request time: 0s | source
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mmooss ◴[] No.45762412[source]
As I wrote elsewhere, the US government and economy are now essentially a private equity takeover for a large segment of wealthy business: Squeeze out as much money as possible short term - including by issuing debt againts its assets, slashing and burning any costs regardless of ROI and with no regard for the future, and leave the bankrupt husk for someone else to deal with.

The treatment of fossil fuels and renewables fits: Block the obviously more economical and better long-term solution in order to shovel money toward the entrenched wealthy. That it sabotages the future due to climate change and economic inefficiency doesn't seem to be a significant factor to them.

I forgot, one of the entrenched corporate wealthy told us that climate change isn't a big deal, and we should send money to his and his friends for solutions.

I'm not anti-business; in fact, quite the opposite: These policies block a free market and the brilliant new businesses that can thrive and deliver solutions to everyone.

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Herring ◴[] No.45764348[source]
It's an old strategy https://www.milwaukeeindependent.com/thom-hartmann/two-santa...
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gtirloni ◴[] No.45765372[source]
> This produces three results: it stimulates the economy thus making people think that the GOP can produce a good economy; it raises the debt dramatically; and it makes people think that Republicans are the "tax-cut Santa Clauses."

I don't disagree but it seems this time the good economy part only exists in their rhetoric.

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estimator7292 ◴[] No.45766006[source]
It's a "good economy" because the numbers are going up. That's all that matters.

The fact that the numbers are going up because of a bubble and a lot of questionable deals is not relevant. That's a problem for someone else to handle later.

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ethbr1 ◴[] No.45767207{3}[source]
The numbers also go up when the dollar deflates.

The people who get burned there are the ones unwilling / unable to track inflation.

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1. ffsm8 ◴[] No.45773440{4}[source]
> The numbers also go up when the dollar deflates

Uh, if it deflates, the numbers go down? Isn't that the definition? The same numerical value of currency represents more value as compared to assets etc - hence things get "cheaper", with the side effect of money getting harder to get