08-18-2016, 12:43 PM
You all are way too pessimistic.
The infrastructure necessary for electric driverless vehicles will make Eisenhower's interstate build out look like a piker and thus the 50s/60s economy/bull market rather tame. It's a race but they are already testing Uber driverless cars out in Pittsburg. All that an economic contraction would do is hasten the Congress in reaction to provide the stimulus for the build out.
What you are also missing is that the GOP is effectively destroyed as a national political power. It was Bush, Trump is just the cheery on top of the sunday. Adams ending the dominate Jefferson party, Buchanan ending Jackson's, Hoover ended Lincoln's, Carter ended FDR's and Bush/Trump ended Ray-gun's. That paves the way for eventual recognition and full employment of our monetary system - deficit hawks will be eliminated from the federal government (perhaps taken out and shot for all the harm they have inflicted) and replaced by technocrats that will keep a controlling hand on inflation. There will be much more federal expenditure, but in a public/private partnership manner that will keep the deposed remnants of the GOP at bay.
The economy is going to boom and it will be done under an increasingly Progressive government, including the SCOTUS, that will seal the deal for decades. The hillbillies, like Classic, will eventually come around or at least their kids and grandkids will.
The infrastructure necessary for electric driverless vehicles will make Eisenhower's interstate build out look like a piker and thus the 50s/60s economy/bull market rather tame. It's a race but they are already testing Uber driverless cars out in Pittsburg. All that an economic contraction would do is hasten the Congress in reaction to provide the stimulus for the build out.
What you are also missing is that the GOP is effectively destroyed as a national political power. It was Bush, Trump is just the cheery on top of the sunday. Adams ending the dominate Jefferson party, Buchanan ending Jackson's, Hoover ended Lincoln's, Carter ended FDR's and Bush/Trump ended Ray-gun's. That paves the way for eventual recognition and full employment of our monetary system - deficit hawks will be eliminated from the federal government (perhaps taken out and shot for all the harm they have inflicted) and replaced by technocrats that will keep a controlling hand on inflation. There will be much more federal expenditure, but in a public/private partnership manner that will keep the deposed remnants of the GOP at bay.
The economy is going to boom and it will be done under an increasingly Progressive government, including the SCOTUS, that will seal the deal for decades. The hillbillies, like Classic, will eventually come around or at least their kids and grandkids will.