by Shelt Garner
@sheltgarner
Well, well, wel, welcome to the woke cancel culture mob David Sacks. So, here I am listening to a VERY GOOD emergency “All-In” podcast that is about the SVB debacle and it definitely seems as though Sacks has gone woke when it comes to the government stepping in to help his sorry ass.
If you are opposed to canceling student loan debt because of the “moral hazard,” you can’t turn around and beg for a bailout just because things you care about are involved. Sacks did a big rant about why the government should step in and bail out SVB investment in an effort to obscure the fact that “moral hazard” is the entire basis of the free-market system.
But that’s obviously not what’s going to happen. Sacks is not only a fascist, but a hypocrite. He wants help from the government because things he cares about are involved. But if some 20 something has $100,000 in student loan debt that is not only crushing their dreams but their ability to be economically productive, he wants to tell them they’re shit out of luck because of the “moral hazard.”
This is all a prime example of how ridiculously divided America is and how we’re destroying ourselves because of “vibes.” There are no easy answers to any of this.
There is a real chance that this crisis will lead to a contagion to the point that if you combine this with the US potentially defaulting on its debts because Republicans are cocksuckers it seems very possible that we’re careening towards late 2024, early 2025 being the perfect storm I’m afraid it might be.
