I think your timeline on crashing the economy may be a little off. And policies / tax regimes that move benefits primarily to the wealthy are the purview of only one side of our political spectrum.
Trump is badly misreading today’s economy
- Thread starter cigaretteman
- Start date
And who do you think lobbied to keep them low, even after we’d worked ourselves out of the real estate crisis? Only Trump, from the last 4 presidents you mentioned, actively attacked, demeaned, and threatened the Feds in order to keep those rates low.
You think that was a good idea in the long run? Past a certain point, you have to let the market dictate things.
Left Biden with COVID "out of control", lol. There's 333M people in the U.S. Thousands dying isn't out of control in a world wide pandemic when your population is 333.
We shouldn't have done shit with COVID. No shut downs, go to school, go to work, no one is getting bail out money except for hospitals. That was Trump's mistake, he gave in on COVID way too much and printed way too much money which has now led to inflation.
That poster is so misinformed it's laughable.
Trump knew the walls were closing in late in his first term.
Covid was simply the last domino to fall.
I’m not wrong. The shutdown and continuation was both.
Either way our policy of kicking the can down the road is the issue. If you are defending Biden then you aren’t credible. The point is that avoiding issues is what we do.
Dems are just as bad. The old dems maybe excepting the Dixiecrats
The Rs screw you in the open. Dems in the closet.
We won’t fix things until status quo from both sides is changed.
Dems = big pharma forever.
I probably wasn’t clear. I am almost always opposed to artificial constraints, because they usually don’t solve the issue but rather delay it, causing the underlying issue(s) to grow and fester, resulting in greater pain for everyone.
I opposed TCJA for the same reasons. It may have benefited me personally but the markets had already been on an extended run and we were getting out over our skis. Those tax cuts mainly just amounted to adrenaline shots to keep the party going well past its time. Periodic and smaller bloodlettings are much easier for the economy and the middle class to absorb.
But to be clear, I am not supporting the notion of unfettered capitalism; I wholeheartedly support a regulated capital market system.
Why did Fed reduce interest rates last administration?
Quick, do a Google search before you answer.
Janet Yellen in a May 14th, 2021 speech coined the phrase "inflation is transitory"....followed by June 14th, 2021 declaration of the same by independently appointed Fed Chair Jerome Powell....repeated over and over in the next 18 months....
He has an obligation to not make it worse. See the post above about chaos
I agree, but here’s the thing…Democrats will ATTEMPT things to lower prices on meds, baby formula, gas, etc. REPUBLICANS always vote against lowering prices. Always. Only one party tries to make things cheaper, within their power. The other doesn’t want to. If Americans would actually pay attention to how they vote in Congress they could see who’s fighting for who.
That was the problem, trump downplayed covid and 400,000 unnecessary American deaths later.
This quote comes to mind.
Before the snowflakes roll out, not saying all Rs = Devil (even tho some do...), but the messaging by the Rs is so much better than the Ds. Another area the Dems just fail at. Some folks like bumper sticker chants, other folks realize complex topics need lengthy discussions.
It sure seems like they are all in with Putin. Many of the moves Trump is making are beneficial to Russia and removes the US from what it has stood for in the past 100 years of international relations.
Yep. And I made that post before we publicly started backing Russia on peace and cutting Ukraine and NATO out of “negotiations” aka Putin’s terms. To me the actions of Trump, Musk, Vance and our drunk SoD last 3 days indicate that Trump is clearly aligning with Russia to try to save Putin and erase all the loss in world standing from his Ukraine War debacle.
