Just the other day Donald Trump bragged in the State of the Union that he was responsible for the increase in the stock market. The market had just hit its highest ever value, 26,616.
Since then -- because of Trump's speech, or the release of the stupid memo? -- the market has plummeted more than a thousand points, to 25,521.
Will Trump accept the blame for that?
To be honest, the market is overheated and a correction has long been overdue. But the real problem is that the stock market consists of scumbags trying to outguess other scumbags. The market dropped because the Friday unemployment report was good and there have been some meager wage increases.
That raises the bogeyman of inflation, a fear Republicans falsely raised throughout the Obama administration. Inflation was always around the corner, they said, and businesses used that as an excuse to keep wages down.
Now that they think inflation's really here they're ready to tank the stock market. It's just a scam to get corporations to fire a bunch of employees, lower wages, increase stock buybacks and increase dividend payouts to shareholders to make their stock more attractive.
Whenever something good happens that benefits the people who actually do all the work that makes the country run, the stock market tanks. The second it looks like companies will have to pay workers more, the greedy bastards bolt or demand a ransom payment. And since CEO bonuses depend on stock price, they always screw the employees to make themselves richer.
That's why communism happened. You can blame Marx. You can blame Lenin. But no one would have listened to Marx and Lenin without the greedy bastards who kept forcing more work out of people for less money.
And the scumbags like Trump and his cronies are trying to force us down that road again.
No comments:
Post a Comment