That ship sailed under Reagan, and it’s never getting back to port, sadly. Thanks to him, families now needed two incomes.
Then, Bush and Clinton came along, and you needed not only two incomes, but two college degrees. Now, with Dubya, Obama, and Trump, not even that’s enough, and they’re capping student loans instead of regulating student loan interest, so your only real shot at being a doctor now is being born in the right zip code.
In the event of an actual crash, a lot of these “nevers” will get re-evaluated. The New Deal consisted of a lot of “nevers” that all got passed because people didn’t want a repeat of the first Great Depression; I’d expect a similar snap-back after the second Gilded Age finally burns itself out.
I mean that’s hopeful, but remember that the New Deal also came against the backdrop of the height of socialism in the West and the labor rights movement. Modern Americans don’t have the organizational strength to make such a compromise attractive in the eye of the ruling class, and they don’t seem intent on ever having it.
The new deal though is not a good deal lmao. It will literally make the rich gen richer and poor get poorer. Like I’m middle class American but still rely on summer and after school programs for my kids. What am I supposed to do when that goes away? Magically afford a daycare? Or is my 10yr or 6yr old supposed to get a job?
They’re not talking about a new deal as in a new status quo after this whole mess; they’re talking about the New Deal and are hoping for more of that.
TL;DR for the article: Pretty much all federal social welfare programs and worker rights in America were established as part of the New Deal. Think if Bernie became president with a cooperative Congress.
Trump just passed a huge cut it he 21s CCLC down to $0… This stops all funding to after school and summer learning programs. I just got an email from. The center my kids go to saying they might have to close because they didn’t get their July 1st budget payments…
You can blame Reagan for a lot of things but not this and frankly even if it somehow was all his fault the Clinton Administration could have undone it.
The economy was already in trouble by the end of Lyndon Johnson’s final term in 1969. The Nixon Administration implemented some large changes trying to fix it but was unsuccessful. The Carter Administration also tried with very limited success. It wasn’t until the 1st Rise of Tech in the 80s during the Reagan Administration that things managed to get moving again. The Clinton Administration caught a lucky break with the 2nd Rise of Tech in the 90s so the streak got extended to right about 2001.
The amusing part is that Johnson, Nixon, and Carter bear no blame for the economic woes while Reagan and Clinton deserve no credit for the economic successes. They just happened to be the guy in the Oval when things happened.
Its a good chunk of the reason that everyone from Wall Street to the US Federal Government is trying so damn hard to make AI happen. They want a 3rd Rise of Tech, or something like it, in order to re-float the economy.
That ship sailed under Reagan, and it’s never getting back to port, sadly. Thanks to him, families now needed two incomes.
Then, Bush and Clinton came along, and you needed not only two incomes, but two college degrees. Now, with Dubya, Obama, and Trump, not even that’s enough, and they’re capping student loans instead of regulating student loan interest, so your only real shot at being a doctor now is being born in the right zip code.
America, baby. Dig it.
In the event of an actual crash, a lot of these “nevers” will get re-evaluated. The New Deal consisted of a lot of “nevers” that all got passed because people didn’t want a repeat of the first Great Depression; I’d expect a similar snap-back after the second Gilded Age finally burns itself out.
I mean that’s hopeful, but remember that the New Deal also came against the backdrop of the height of socialism in the West and the labor rights movement. Modern Americans don’t have the organizational strength to make such a compromise attractive in the eye of the ruling class, and they don’t seem intent on ever having it.
Historically, humans don’t just suffer in silence for more than a couple of generations.
Would pointing out places like North Korea and Turkmenistan be overkill here?
Guess so…
I hope you’re right.
The new deal though is not a good deal lmao. It will literally make the rich gen richer and poor get poorer. Like I’m middle class American but still rely on summer and after school programs for my kids. What am I supposed to do when that goes away? Magically afford a daycare? Or is my 10yr or 6yr old supposed to get a job?
They’re not talking about a new deal as in a new status quo after this whole mess; they’re talking about the New Deal and are hoping for more of that.
TL;DR for the article: Pretty much all federal social welfare programs and worker rights in America were established as part of the New Deal. Think if Bernie became president with a cooperative Congress.
Indeed. Yikes, our history education is in rough shape.
Why would a new deal get rid of after school programs? If would expand on them.
Yeah man they have started rolling back those regulations for child labor.
Trump just passed a huge cut it he 21s CCLC down to $0… This stops all funding to after school and summer learning programs. I just got an email from. The center my kids go to saying they might have to close because they didn’t get their July 1st budget payments…
… You don’t know what the New Deal was, do you?
Apparently not
ReaGaNoMiCS!!!
You can blame Reagan for a lot of things but not this and frankly even if it somehow was all his fault the Clinton Administration could have undone it.
The economy was already in trouble by the end of Lyndon Johnson’s final term in 1969. The Nixon Administration implemented some large changes trying to fix it but was unsuccessful. The Carter Administration also tried with very limited success. It wasn’t until the 1st Rise of Tech in the 80s during the Reagan Administration that things managed to get moving again. The Clinton Administration caught a lucky break with the 2nd Rise of Tech in the 90s so the streak got extended to right about 2001.
The amusing part is that Johnson, Nixon, and Carter bear no blame for the economic woes while Reagan and Clinton deserve no credit for the economic successes. They just happened to be the guy in the Oval when things happened.
Its a good chunk of the reason that everyone from Wall Street to the US Federal Government is trying so damn hard to make AI happen. They want a 3rd Rise of Tech, or something like it, in order to re-float the economy.