I’ll put it this way: if Trump admin doesn’t offer plans for direct infusion of capital to companies impacted by this, and if they don’t immediately implement plans to put cash in the hands of people - working people - who will be impacted by layoffs…if that doesn’t happen right quick, we’re headed for total economic collapse. And the reason I say that is because this is moving so fast. It’s moving so fast and people at the controls are thinking more about politics when they need to be thinking about what the fuck they’re doing to stop the bleeding.
It’s not 2008 - that’s true. But it’s no less dangerous to the economy, and what’s more dangerous now is that the people in charge are dangerously incompetent, and there is a lot less global cooperation - again no thanks to Trump’s ‘America First’ policies which discourage cooperation.
We’re a lot closer to 1929 than people realize.