The actual reason why is that everyone was expecting Hillary to win and she had vowed to “end private prisons.”
So everyone was calculating in a 90% or whatever chance Hillary wins, with some percentage chance she actually fulfilled her promise. Instead they got a 100% chance they would stay around for 4 years and probably get a tax cut. Pretty big adjustment is appropriate.
(Also old 2016 articles about Hillary are so quaint. They even mention Obama closing Guantanamo lmao)
Lots of stocks did. Everyone knew he would do things that benefit the large corpos (lower taxes, slash environmental regulation, remove labour rights). But then of course he got to claim the economy was doing good since American media thinks “stock market” = “the economy”
Yeah the guy who was going to pass permanent corporate tax cuts and temporary individual tax cuts, funded by chaining individual tax brackets so taxes go up for individuals after 10 years, won. That’s great for corporate profits. And great for the 10% who own 90% of stocks.
It’s horrible tax policy and detrimental to the majority of Americans but it absolutely should make stocks increase.
In America we say “it is what it is” or “good enough for government work” to communicate a similar vibe. Sounds sophisticated when you say it in Japanese tho
Did it, though? My 90 year old mother used it in the same way since her childhood. I think it’s always been sarcastic, probably from use by lowly soldiers. In the phrase, she pronounces and spells it as “gummint work” even though she would normally say “government.”
If I had fewer scruples, I’d find out who the construction contracts for new prisons go to and invest all in. This guy is gonna get in and imprison a whole lot of people. Like a lot a lot.
This is vaguely a thing in Japan, but let’s not fall into the eastern mysticism trap, where Asian things are completely divorced from what goes on in the West. It’s sort of like saying America has the “fuck it, good enough” aesthetic worldview of accepting the imperfect things about the world.
The real trap is assuming anything from a culture applies to everyone, or even the majority, of the culture.
America definitely has a “fuck it, good enough” worldview for a lot of things and institutions. It isn’t universal, but it does apply where you see a bunch of half assed infrastructure or shelves upon shelves of cheap low quality products that a ton of people spend money on knowing it is poor quality.
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