this post was submitted on 12 Dec 2024
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Summary

President Joe Biden touted his administration’s economic recovery efforts, citing job growth, reduced inflation, and infrastructure investments, as he prepares to hand off a strong economy to Donald Trump.

Biden criticized Trump’s proposed steep tariffs on imports, warning they could harm the economy and reintroduce inflation.

Trump plans tariffs against China, Mexico, and Canada, raising concerns about trade disruptions similar to those seen during his first term.

Economists caution that such policies could quickly reverse recent economic gains and weaken the U.S. economy.

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[–] [email protected] 0 points 5 days ago

Lmao, he rebuilt the stock market.

That is not the economy.

[–] [email protected] 0 points 5 days ago* (last edited 5 days ago) (1 children)

The problem with assertions like this is that they can never be conclusively proven or disproven. Literally every single president (at least during my lifetime) has blamed their predecessor for all of the problems plaguing the country and took credit for everything that improved, while their predecessor claimed credit for laying the groundwork and blamed their predecessor for all the challenges they faced.

The fundamental issue is that the same experiment can never be conducted twice under controlled conditions, because the world doesn't stop spinning and whatever the other guy did, he did, and we can't turn back time in order to find out how his opponent's choices would have played out. Sure, you can always pick and choose some factoids in order to spin a compelling "what if" scenario, but ultimately there's simply too many variables at play in order to reach a sufficiently solid conclusion.

[–] [email protected] 0 points 5 days ago (1 children)

Say you put a clock on humanity. One depicted by the earth itself, and it's ability to support our type of lifeform. If one president pushes that clock forward, and another tries to slow it, are they so easily comparable? When people claim they care about kids, what they really should be meaning is the future of humanity... Or else they are really taking away the liberties of those children to be able to grow up and live a life of the same quality as the generations before them.

Now categorize those presidents again as whom has attempted to use the information they had in the capacity they had for changes to benefit future generations.

We continue to debate it.. but the clock has not stopped ticking.

[–] [email protected] 0 points 5 days ago (1 children)

The problem with that thought experiment is that different people have different ideas about what "slowing it down" means. One man's poison is another man's medicine.

There's nothing good or bad, but thinking makes it so.

[–] [email protected] 0 points 5 days ago* (last edited 5 days ago)

It's not a thought experiment, it's reality. Every world leader knows it. The oil companies know it, the coal companies know it, the car companies know it, the overseas shipping companies know it, the agricultural companies know it, the billionaires know it, and they use their money to contort media outlets and information pushed to the population for manipulation. To line their pockets in the thought that either

a. I'll be dead, the fuck do I care

b. Maybe someone in the future can find a way to undo the deeds I did in time, but not my problem.

It's life in multiple choice my friend, and humanity is straight fucked in their hands

(The choice is the same)

[–] [email protected] 0 points 5 days ago (3 children)

He rebuilt the economy? What the fuck are they on about? Inflation is crazy high, there'e layoffs like every other day, and 60% of the country still lives paycheck to paycheck. Does huffpo think we all have our heads up our asses?

[–] [email protected] 0 points 5 days ago

Haven't you heard that Biden won and then Kamala won as well?

[–] [email protected] 0 points 5 days ago* (last edited 5 days ago) (1 children)

Inflation isn't high anymore. Price increases are back to normal.

Layoffs in the past year or two have nothing to do with the economy, most companies doing the layoffs are making more profit than ever, except maybe Boeing but that's clearly not economy related. They just want more money. Had nothing to do with the economy.

[–] [email protected] 0 points 5 days ago

Layoffs have everything to do with the economy. If money isn't going in then it isn't going out and as money slows down, so does the economy. It doesn't work without the people.

[–] [email protected] 0 points 5 days ago

Inflation is pretty much normal

It was high for a while from supply chain disruption and pandemic spending, but it’s back to near normal. Obviously the accumulation of the last several years suck. The next administration should take note before going overboard with tariffs

[–] [email protected] 0 points 5 days ago (1 children)

And we have several pandemic vectors on the rise - again. Well, with one major change, we now have a vaccine denialist in charge of core agencies. Prospects look good for the vulture industries.

[–] [email protected] 0 points 5 days ago

And one of the new viruses has a fatality rate above 50% in livestock, probably doesn't bode well for humans.

If there is a god maybe the covid was just a booster virus to get the smart portion of humanity prepped for the real plague, lol.

[–] [email protected] 0 points 5 days ago (2 children)

Why does he look like Kim Jong Un in this picture 😂

[–] [email protected] 0 points 5 days ago

Just a small boy too scared to do anything but try and act tough.

[–] [email protected] 0 points 5 days ago

He's a fat fuck?

[–] [email protected] 0 points 6 days ago (3 children)

I've heard people on the Left say that the "president doesn't control the economy" but then people turn around and say these stupid things like "president rebuilds economy". Which is it? Either the Fed is an independent body not influenced by politics and the executive office and Obama wasn't to blame for 2008 or inflation and Biden isn't to blame for the housing crisis or food prices etc.; OR Biden has the power to rebuild the economy implying that everything leading up to this has in part been the fault of each respective person in office. Idiots.

[–] [email protected] 0 points 5 days ago (1 children)

I think the problem you have is you think these two thoughts are coming the same person. It's like saying "Americans are so hypocritical- one moment you hear someone say gay people have rights and then the next you hear someone say that they shouldn't- make up your mind!" As if it was one person talking.

The internet isn't just you talking to one person who is busy creating threads with millions of accounts. There are at least a few dozen people here.

[–] [email protected] 0 points 5 days ago (1 children)

I don't think the internet is a monolith. I'm trying to point out to leftists the inconsistency of their own narratives. I'm trying to point out that they can't criticize the president for the economy when half their platform is defending their own incumbents on the basis that the executive branch has limited economic impact.

[–] [email protected] 0 points 5 days ago* (last edited 5 days ago) (1 children)

As we all know, leftists never disagree with eachother.

On an unrelated note, have you seen any good deals on ice picks on Facebook marketplace?

[–] [email protected] 0 points 5 days ago (1 children)

my point isn't that leftists agree or disagree. my point is that whatever narrative a Leftist accepts exposes them to unpleasant truths. I don't know how else to be clearer. Either the executive office has direct immediate effects on the economy therefore we should be worried about Trump (but we must also admit that in the past Democratic policies are directly to blame for catastrophes like 2008), or the executive office doesn't have a direct economic impact therefore Biden is not to blame for the current state of affairs (but we must also admit that the current state of affairs has nothing to do with Trump). Anything else is cherry picking.

[–] [email protected] 0 points 5 days ago (1 children)

Pretty sure leftists fall in the former camp. They'll gladly throw Democrats under the bus, and to a leftist there is no difference between the DNC and GOP.

Granted, the take that it's not a binary is much more reasonable than the assumptions you are making at the top.

[–] [email protected] 0 points 5 days ago (1 children)

The American Left and the DNC have, like, a 90% overlap, you do realize that right?

[–] [email protected] 0 points 5 days ago (1 children)

Where in the immense caverns of your colon did you get that number?

[–] [email protected] 0 points 5 days ago (1 children)
[–] [email protected] 0 points 5 days ago

Well at least you got your shit together.

[–] [email protected] 0 points 5 days ago (1 children)

It's not all or nothing, the president absolutely influences the economy, but it's indirectly enough that those changes come about slowly.

[–] [email protected] 0 points 5 days ago (1 children)

I'm not saying its all or nothing, I'm saying you people cherry pick.

[–] [email protected] 0 points 5 days ago

What do you mean "you people"? 🤔

[–] [email protected] 0 points 6 days ago

People on the left don't consider the type of rebuilding the liberals do to be very constructive for most people.

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