If it is just posturing, do you worry Trump will improperly benefit from it? UAE invested $2BN in his memecoin today. Maybe the posturing will lead to other countries making similar "investments."
If it is just posturing, do you worry Trump will improperly benefit from it? UAE invested $2BN in his memecoin today. Maybe the posturing will lead to other countries making similar "investments."
Recessions affect different people differently. The stock market boomed during the Obama recovery from 2008, and during Biden, but most people didn’t feel it so much. A financial recession would be borne mostly by the laptop class.
>A financial recession would be borne mostly by the laptop class.
This is where I think you're not living in reality. Recessions are bad for the middle and working classes. They eliminate jobs, deflate wages, and make important things unaffordable. And it really feels like it could have been avoided.
I don’t know why you think “Chinese made products will become more expensive” is a dunk. Yeah, that’s the point. That was common knowledge when this stuff was being debated in the 1990s. The working class opposed free trade back then, fully understanding that the pitch for free trade was cheaper foreign made goods.
That… seems fine? An iPhone 16 Pro Max with 1TB is 1,979 euro on the French Apple store, or about $2,169. Somehow the French manage?
It just feels like a colossal own-goal that will weaken America on the global scale. Americans will suffer in a recession. And it was by choice that this administration put us here.
Is there any recourse?
> The first observation we have to make on this clause is that it puts at rest both the questions which we stated to have been the subject of differences of opinion. It declares that persons may be citizens of the United States without regard to their citizenship of a particular State, and it overturns the Dred Scott decision by making all persons born within the United States and subject to its jurisdiction citizens of the United States. That its main purpose was to establish the citizenship of the negro can admit of no doubt. The phrase, "subject to its jurisdiction" was intended to exclude from its operation children of ministers, consuls, and citizens or subjects of foreign States born within the United States.
https://supreme.justia.com/cases/federal/us/83/36/
Wong Kim Ark, meanwhile, is a weird fucking case that spends a huge number of pages analyzing everything except the 14th amendment.
Cool, but the 14th amendment was ratified. At least we can agree on that. And this is what it says:
> All persons born or naturalized in the United States, and subject to the jurisdiction thereof, are citizens of the United States and of the State wherein they reside. No State shall make or enforce any law which shall abridge the privileges or immunities of citizens of the United States; nor shall any State deprive any person of life, liberty, or property, without due process of law; nor deny to any person within its jurisdiction the equal protection of the laws.
You can try to weasel out all you want, but it's at the disrespect to the words of our constitution. Whatever interpretation you are justifying this month, it is radical and lonesome.