https://t.co/TZdeY0eV6K There are ZERO new companies worth over €100 billion from the last 50 years. The Magnificent 7 US tech companies have a market cap of $18T. The European Union's annual GDP is $19T. The Euro Stoxx 50 returned roughly 0% in 25 years lol. Watch documentary!
“The two major earthquakes that just hit the great people of Venezuela are both massive in scale and have left a devastating number of deaths. The U.S.A. stands ready, willing, and able to help!” - President Donald J. Trump
FDR is the most overrated president in American history and it is not close.
People treat him like a saint. The reality is he inherited a recession and turned it into the longest depression in the history of the developed world. Every other major economy on earth recovered faster than the United States did under FDR. Sit with that. We had the most resources, the most industry, the most capacity, and we recovered slower than countries that got bombed.
Unemployment was still 19% in 1938. Six years into the New Deal. Six years of "bold experimentation" and one in five Americans still could not find work.
Why? Because his policies were economically illiterate. The NIRA cartelized entire industries and made it illegal to lower prices during a deflationary collapse. He paid farmers to slaughter livestock and plow under crops while people stood in bread lines. He launched a war on business so aggressive that investment dried up because nobody knew what insane rule was coming next. Even his own Treasury Secretary, Henry Morgenthau, admitted in 1939 that they had spent enormous sums and "it does not work" and that unemployment was as high as when they started.
Then in 1937 his policies triggered a second brutal crash so embarrassing the textbooks gave it its own polite little nickname, the "Roosevelt Recession," so they would not have to attach his name to the failure in the obvious way.
A UCLA study in 2004 concluded the New Deal prolonged the Great Depression by roughly seven years. Seven years of extra suffering sold to you as heroism.
So what actually saved the economy? Not the alphabet agencies. Not the fireside chats. A world war. Twelve million men shipped overseas and the entire planet's industrial competition reduced to rubble. That is the "recovery." That is the legacy.
Strip away Pearl Harbor and FDR is a guy who took a bad recession and stretched it into a decade of misery with bad economics and a cult of personality. He is not ranked on results. He is ranked on the luck of being in the chair when Hitler invaded Poland.
Greatest marketing job in the history of the presidency. Nothing more.
New body cam footage shows Dustin Poirier trying to fight a cop before getting arrested 😬
🗣️ Cop: “Are you Dustin Poirier?”
🗣️ Dustin: “Man, f*ck you. I’ll fight you right now.”
(via @TMZ_Sports)
Colombian President Gustavo Petro declares the results of the ongoing Presidential Runoff Election to be invalid, following the loss of left-wing ruling party candidate Iván Cepeda and close win of Trump-backed far-right candidate Abelardo de la Espriella. Petro claims that polling data and software was “compromised” by Israel, requesting an investigation into irregularities by the Rama Judicial.
HILARIOUS: Justin Gaethje: “I was like, f*ck it. If I get taken out in the middle of the case, how f*cking legendary would that be?”
Joe Rogan: “I said to Trump, ‘I hope we don’t die in a terrorist attack.’ He goes, ‘We gotta go somehow.’ I go, ‘What the f*ck, dude?’”
@libsoftiktok I own my own business and I worked. Not because I had to but because I didn’t even realize it was a federal holiday. Had a good day too 🤣
🚨 Italy is struggling with a stagnant economy, record illegal immigration, and challenges that affect millions of citizens every day. Those are the battles worth fighting.
Maybe Prime Minister Meloni should pick her battles more carefully, take a little distance from Brussels, and start putting Italy first again.
The G7 footage speaks for itself. President Trump just called her out 🤪