- cross-posted to:
- technology@lemmy.world
- cross-posted to:
- technology@lemmy.world
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Great! Can we speed it up?
Nah, there will be bailouts galore!
It’s worth mentioning that the last time we had a huge crash, the economy was a hair’s breadth from shutting down ATMs and the Bush admin pushed for a bailout.
Sure congress approved it but this is after 8 years of a republican admin forcing the country through 2 forever wars, 9-11, the patriot act and now the GREAT RECESSION. .
Yet, it was during the bush admin when republican deregulation inevitably led to rampant off the books derivative investments, credit default swaps etc… the bailout helped their friends.
I mention all this to point out if you vote for a repub in the next pres election, you are voting against the economy and against healing. “Bailouts for all” is akin to Trump pardoning all the pedos. It’s a GOP thing.
Oh yes. I’m aware.
In fact I believe that’s one of the reasons these tech companies are willing to throw it all into AI. I think they feel protected.
Yay!
I’m so ready for this. People are already suffering anyway. What do they care if some major corporations bite the dust?
I’m just waiting for the “too big to fail” excuse
It’s going to harm the most vulnerable the most. All the people running this scam will be just fine.
At this point it’s a choice between at least having some form of economy or continue propping up the sandcastle on stilts and hope it doesn’t collapse
The economy will be fine. As long as humans continue to buy and sell goods and services we will have an economy of some type.
The question is, will capitalism, as we know it, remain?
Let’s fucking hope not.
wait… we have an economy that isn’t dead? that’s news to me!
I have a crap job, that doesn’t pay well. I don’t care, I just wanna get off of Mr. Peter Thiel’s AI slop ride.
I can’t believe people write anything expecting this administration to behave like a responsible adult. If anything trump’s buddies will short the stock while trump pushes it over the edge for huge profits and then hands the AI fools a bailout while they lay off all the employees with no compensation.
The only certainty is that the market will not come to its senses on its own. It is up to the Trump administration and the Federal Reserve to wake up and safeguard the real economy from excessive risk. If they fail to take action, Congress should step in and do so. And states should step in to protect their residents if the federal government won’t. Policy makers must take on Wall Street and protect working people — not large corporations and their billionaire shareholders and executives — from the severe economic losses that would surely follow an AI crash.
We’ll survive an economic crash much easier than the next 100 years with MAGA AI.
“Could”? Is there an alternative when it comes to bubbles?
None of the 401k options I saw listed had an index without since the AI bubble included. I’m going to look again soon, but they’re often like 30% in tech. I don’t think I can manage it manually, either. :/
Let it all burn, i hope the architects of this ruin are held accountable.
Not gonna happen. Bailouts
The American people will be paying for those bailouts so i hope those millionaire bunkers are really deep down.
Deep, shallow, it doesn’t matter.
Concrete over the entrance, job’s done mate. 👍
Yeah, when they are all warm and cozy in their bunkers. Seal them inside by any means necessary. Then change the world economy’s currency to something else.
There’s no angle for giving them a bailout. They’re private companies. They can get fucked.
Well, we’re waiting!
