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The disappointment with the left gave us Trump 2.0. Right or wrong it's irrelevant now. The dissatisfaction, real and imaginary, could pale in comparison with what the current administration has in store. Many are clueless and find refuge in the throw-everthing-at-the-wall tactics, where some residue is destined to be net positive. Rampant cherry-picking and confirmation bias hide the unpleasantries.
Those applauding the cancelation of grants for research on menstrual cycles in transgender men are missing the boat on devastating cuts to NIH and other national labs, which wasn't properly funded, to begin with. (Bloomberg's article is behind a paywall, but the Odd Lots episode on the subject is free). This might have enormous negative outcomes for decades to come. It's worth remembering that government-sponsored scientific research was instrumental in this country's success story post-WW2.
People cheering up job cuts at the federal government in the name of efficiency are sticking their heads into the sand for what's brewing. I lived through the disintegration of the Soviet economy and witnessed what happens when enough people lose jobs. I'm not suggesting we're anywhere near the scale, but unintended consequences and multi-variable systems are impossible to predict and prepare for.
Many Trump voters, whom I know personally, welcomed and helped Ukrainian refugees under the U4U program, are oblivious to the potential shutting of said Biden-era initiative, with disastrous consequences for people caught in the middle — something which wasn't hard to predict given the anti-immigration rhetoric on the campaign trail.
Yes, we do have problems. Yes, democrats went overboard with lots of idiocies. Yes, we tried slow solutions for the national debt and they failed. However, it feels each passing week results in more instability and more shenanigans. The commander-in-chief is declining to rule out a recession, in case you've missed a hint to that during the State of the Union address. As of this writing, betting markets are pricing the probability of a US recession in 2025 at 37%. I would be a seller at this price.
I hope that people who were not satisfied with the color of their nails won't find both of their hands amputated.
#politics
March 2025
BY Random Thoughts
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