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 6 days ago (3 children)

It basically happens every cycle, easy to go back all the way to George Bush Sr -> Clinton ( if not earlier).

But the problem is, the current economic boom is even more K-shaped than any other in recent history; half of the population are struggling worse than before, but their plight is masked by an incredible boom for the other half.

I can’t blame the working class for thinking back to ~2016, and remembering things fondly.

Trump will only make the current situation worse, but I can at least understand how the US ended up in its current predicament.

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[–] [email protected] 0 points 6 days ago* (last edited 6 days ago)

Womp womp. I'm convinced these idiots think maniacs like trump coming in to raid government coffers is advantageous to themselves some how. I know there might be a criminal network where this is true but not the entire fucking GOP.

It's insane how the right controls the narrative so hard that some people believe in earnest that they have good economic policy when it really just is, "gubberment don't work, now gibbme all that money, nom nom nom."

[–] [email protected] 0 points 6 days ago (1 children)
[–] [email protected] 0 points 6 days ago (1 children)

Trump always looks horrid, it's just genuinely baffling he can even move. I'd be shocked if he doesn't die in office on this term.

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

President Jorkin Dapeanus Vance. Horrifying.

[–] [email protected] 0 points 6 days ago* (last edited 6 days ago) (2 children)

I see it more as speed of descent.

I'm of the opinion this country is sold, and died about half a century ago as a democracy, and this is just leftover momentum.

Our vote isn't on whether to reorient the economy to reflect the priorities of its citizens, merely how , and if at all, to manage the social issue symptoms of our crumbling commons, the ruins of public education, as the owners search for new vectors of exploitation.

I see voting blue as akin to requesting we leave the water pumps turned on for this sinking ship to buy time(D), or turn them off because some passengers have been deluded into hating other passengers and want to watch them drown(R) despite being in the same boat with them.

The holes are our economic policy. But ask either party about patching them and you'll get something akin to "What holes? This ship is unsinkable! If you think there's holes, you're the problem."

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[–] [email protected] 0 points 1 week ago

i'm holding a huge cash position, waiting for the inevitable downturn to buy up assets.

[–] [email protected] 0 points 1 week ago (17 children)

If the democrats are so sick of getting swapped out maybe they should field some decent candidates.

[–] [email protected] 0 points 6 days ago (1 children)

Or what? What are we going to do about it if they field another pro-corporate candidate?

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

The same thing people did this time -- vote Republican or stay home. I think the outcome of the latest election makes it clear how ineffective the democrats are. By a lot of metrics, Donald Trump was not that successful of a presidency, and despite that, the democrats were not able to field anyone that could defeat him.

[–] [email protected] 0 points 1 week ago

Nah. Their masters wouldn't like that.

[–] [email protected] 0 points 1 week ago* (last edited 1 week ago) (2 children)

Unless your idea of a good candidate is George Clooney or Oprah than this isn't a problem that can be fixed with 'better candidates'.

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

Those answers make me unreasonably angry. The absolute stupidity is astounding.

[–] [email protected] 0 points 6 days ago (1 children)

Those aren't my idea of good candidates either. My idea of a good candidate would be someone ethical, that wants to improve life for our citizens, that values constitutional values and the rule of law. I am not sure such a person exists in the US that is capable of winning the presidency.

In your picture above, just because a few morons vote for silly reasons doesn't invalidate the value of having actual good representation.

[–] [email protected] 0 points 6 days ago (1 children)

There's value in good representation, but it's just not going to help us win elections so it's moot.

The most ethical, constitutional, kind of loving candidate in the world is worth jack shit if they can't win an election.

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

Sorry, I would not prefer an unethical, unconstitutional, unloving candidate to win. Actually, I think that's exactly what we did get.

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

If voters demonstrated one thing this year, it's that the decency of the candidate is utterly irrelevant.

[–] [email protected] 0 points 6 days ago (1 children)

It's not relevant to Republicans, but it got Democrats to stay home.

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

Imagine believing that genocide joe "rebuilt" the economy in any kind of just, sustainable, or meaningful way.

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

Do you have an actual argument, or just insults?

[–] [email protected] 0 points 6 days ago* (last edited 6 days ago)

Ignoring how America leads the way when it comes to post covid recovery.

I will never for life of me understand why Trump doesn't take responsibility for steering us straight into the pandemic. Sure it was a global event but we watched as he ignored the issue and down played everything the entire time. Maybe I'm destined to be just as mind fucked as trump voters because watching trump voters is seriously cooking my noodle.

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

more like stabilize. without the second term to actually make some progress this is going to go in the shitter fast.

[–] [email protected] 0 points 6 days ago (2 children)

People really can’t understand the economy turns like the Titanic. Trump fucked it, but we didn’t see the real effects until Biden’s term. We were heading into another Great Depression, and coupled with the effects of Covid, people massively underestimate how well the economy actually did under Biden.

Trump will coast on the Biden administration’s success for a while, and will take the credit. Once he fully fucks everything (and IF there are fair elections in 2028, which doesn’t seem likely), a future democratic administration will be blamed for the effects of trump’s fuckery. Repeat ad infinitum.

That’s how it’s worked for a century, and uninformed voters will always fall for it.

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

Nah. It takes much more to build than to burn down. This is why bush senior had to do the things that angered his base. Whats been built in the last four years will fall within 2. Even trumps first term it was actually covid which allowed him to get through it. Obama was not able to really get things good in two after bush jr.s two wars and when trump dropped rates and overheated everything the market was due for a big crash but covid ironically created this wierd condition were it bounced back due to the stimulus of the checks and just that generally the haves did not want to fuck around with that shit going. Everything became about keeping things going. Its gonna be a rough few years coming up.

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[–] [email protected] 0 points 1 week ago (7 children)

Just do another round of stimulus check and let Donny deal with the bill. 😏

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

This would be the best way to end the last 20 days, and mass parsons because fuck it whynot

[–] [email protected] 0 points 1 week ago (2 children)

The best way to end it is for Biden to have Trump and friends disappeared to a CIA black site.

[–] [email protected] 0 points 1 week ago

Here comes Biden with the steel chair!

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

That's a totally legal, and very cool thing to do.

The supremely corrupt court hath made the president into a king with unchecked power to slaughter the entire United States.

[–] [email protected] 0 points 6 days ago (1 children)

Good point, he'll need to disappear them too.

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

And this time put Joe Biden's name on the checks.

[–] [email protected] 0 points 1 week ago

"We'll allow it, but only for corporate America and those making >$500k/year" -Sinema and Manchin

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[–] [email protected] 0 points 1 week ago (4 children)

We've been doing this seesaw for the last 30 years. Republicans are that guy we've all seen at work who gets nothing done but gets credit for everyone else's work, and fails up because of it.

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

What really irks me about this, is that the progression forward is then twice as slow because it’s two steps forward one step back, two steps forward one step back. This is not how to run a fucking country.

[–] [email protected] 0 points 6 days ago* (last edited 6 days ago)

It truly is a Homer Simpson v Frank Grimes situation. With the DNC being Frank Grimes Im praying for the day they actually lose it.

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

You thought inflation was bad. Get ready for Trumpflation.

I guess that's better then renaming the war economy "Bidenomics"

Grow food if you can now folks shit is about to get bad. Buy flour in mass if you can.

[–] [email protected] 0 points 1 week ago (7 children)

Not flour, unground wheat berries. Cheaper to buy in bulk with a much longer shelf life.

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[–] [email protected] 0 points 1 week ago (3 children)

https://www.bls.gov/charts/consumer-price-index/consumer-price-index-by-category-line-chart.htm

This is a chart showing percentage difference over 12 months of CPI for the last 20 years. Biden's presidency came with less than 1% inflation which only rise to record levels in the first 2 years. It has come down to high 2% and settled at that level.

In the last 12 months everything other than energy prices have rise by 2.4%. A 2-2.4% in prices after having 2 years of near 10% inflation.

You can see how Democrats saying that they have done good for economy and common man seems hollow.

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