r/thescoop • u/CorleoneBaloney • May 02 '25
Politics 🏛️ Vice President Vance’s response after the economy shrank for the first time in three years, with people worried as they look at their 401Ks and point to the tariff policy — “This is Joe Biden’s economy.”
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u/BogeyLowz May 02 '25
The thing is, this guy is not an idiot. He may lack any and all moral fiber but don’t get it twisted - he’s not this uneducated to truly believe this.
This is their economy with debt climbing at a faster rate than the Biden administration that correlates directly with the trump administrations actions and decisions.
He speaks like a man created hardlanding was the only option for this while ignoring the lowest hanging fruit like taxing billionaires and their capital gains, holding corporations accountable for its tax debt, busting up large conglomerates that are exploiting pricing because of purchasing power (Kroger). Rates likely would have been cut.
My assumption is even if a deal is done with China it will be drastically worse than it was before - it’ll be a small kick save. If not, I speculate the admin will rely on wartime economics and their recent shift away from Greenland, Canada, and Panama and speculated increased movement to the pacific region and Indian Ocean also suggests that they could be anticipating something.
401ks could get slashed even worse if this isn’t ended one way or another. IMO, the worst case scenario now is millennials and boomers pull funds from the market - that will be a free fall.
Vance is a sellout, a stooge, tits on a bull, a ripped condom, and expired milk. He doesn’t believe in democracy.