MAGDA- Make America Great Depression Again

versitile1

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WyattEarp

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One of two things are happening. Perhaps both. The AI bubble hasn't been monetized yet. It's all private equity cash and quid pro quo between various tech companies.

So either it bursts at some point, or.......

It doesn't, but really replaces tens of million of jobs. And it's not just low level ones. The tech companies and other just announced in total hundreds of thousands of middle management and bureaucratic job layoffs. With no rehire plans. And also affects the next cohort of grads if no entry level positions.

Do you understand that the USA, and many other capitalist nations, are heading down a mass unemployment road?
You're playing Goldilocks again Butler. This porridge is too hot. This porridge is too cold. Why don't you tell us the precise temperature the porridge should be and what it should look like? I'm not sure you can. I'm not sure anyone can.

It's easy to think of economic success in terms of some static idealism.

It's useful to bring up the well-known economist Joseph Schumpeter.
Per Google AI: The most famous Joseph Schumpeter quote on "creative destruction" is, "This process of Creative Destruction is the essential fact about capitalism. It is what capitalism consists in and what every capitalist concern has got to live in," from his 1942 book, Capitalism, Socialism and Democracy. This quote defines creative destruction as the process of continuous innovation that dismantles old economic structures and builds new ones, driving capitalism forward.
 

versitile1

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Shaquille Oatmeal

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"Joe Biden was cognitively impaired and didn't have sufficient energy the last year in the Presidency."

"Oh yeah, Trump is crazy. He's overweight. He's going to die." ;)
Thanks for providing an example of what is NOT whataboutism, as they are both true statements..
 

richaceg

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Brilliant cartoon.

"Joe Biden was cognitively impaired and didn't have sufficient energy the last year in the Presidency."

"Oh yeah, Trump is crazy. He's overweight. He's going to die." ;)
Like I said, the very core of democrat playbook....smoke and mirrors... "look over there at Trump, there's nothing wrong over here"
Joe Biden was the "emperor's new clothes" of modern day...as the liberals cry "no kings".
 

WyattEarp

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It's called the pre-crash froth, it happened in 1987 and 1929.

Does my pal Richy have a Trump real doll? This should excite him. Perry Cuomo is greasing the wheels.

Do you realize that 1987 was a market adjustment that didn't have much impact on the real economy?
This is also true of the 2000-2001 NASDAQ tech stock crash.

Not all large stock market corrections lead to major economic stress.

While I would suspect a stock market pullback will aggravate the inevitable economic slowdown, this is all part of a normal economic cycle.
The Fed is in a good position to lower interest rates which inevitably supports the real economy and the financial economy.
 

WyattEarp

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And he needs to give straight, informed answers regarding policy, which he also has.
Policies without tax revenue is meaningless particularly for a municipal governing body.

The problem NYC has that all cities have is that it's easy for affluent people to move outside the city. This has been magnified in a digital world.

I believe wealthy NYC residents are taxed over 50% across Federal, State and City. So I guess Mamdani can test the limits, but I don't think he will be successful in increasing revenues.
 

versitile1

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Here's the best example of your meme
Joe is very cognitive...fit as he could ever be...
That’s all you got. GIFs and whataboutisms. Dunning-Kruger in full effect.
 
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richaceg

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That’s all you got. GIFs and whataboutisms. Dunning-Kruger in full effect.
Oh you want the full video? LMAO...Jake Tapper wrote a book. Kamala wrote a book about Joe...time to shell out some cash if you want the facts...
 

richaceg

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After meeting asian leaders...he's the busiest POTUS i've seen...
 

versitile1

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Brilliant cartoon.

"Joe Biden was cognitively impaired and didn't have sufficient energy the last year in the Presidency."

"Oh yeah, Trump is crazy. He's overweight. He's going to die." ;)
1761924581966.jpeg
 

jalimon

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Its one of the two
A) The AI bubble crashes and the american economy is tanked
B) AI miracuously works and america faces mass unemployment and social unrest
Like the Internet.com boom of the early 2000's AI will bubble and crash. It is inevitable, as right now way too many are investing massive amounts of cash and resources to be one of the few winners.

The thing is the biggest winner could be the same as the dot com boom, google!
 

WyattEarp

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Thanks for providing an example of what is NOT whataboutism, as they are both true statements..
It's pretty clear that you don't understand whataboutism.

Per Google AI:
Whataboutism is a rhetorical device where a person responds to criticism by deflecting it with a counter-accusation, implying that the original criticism is invalid because the accuser or another party is also guilty of a similar offense. Instead of addressing the original issue, it redirects the conversation to a different one, a tactic commonly used in politics and personal arguments to shift blame and avoid accountability.

As a side note: A lot of us are crazy, overweight and going to die. Welcome to reality.
 

WyattEarp

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Like the Internet.com boom of the early 2000's AI will bubble and crash. It is inevitable, as right now way too many are investing massive amounts of cash and resources to be one of the few winners.

The thing is the biggest winner could be the same as the dot com boom, google!
That's what happens. There might be a handful of winners.

I wish I knew Amazon was going to emerge out of the 2000-2001 wreckage as a runaway locomotive. This is what funds innovation, adaptation and inevitably productivity and growth.
 
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versitile1

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Versy are you so naive that you don't think that cartoon goes both ways?

Don't try to score a basket unless it's a slam dunk. ;)
But as Shaq had stated, both statements are true. So not only did you miss the “slam dunk”, you scored on your own net.
 
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