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Topic: How do you think the US economy is doing right now?

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betarhoalphadelta

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Re: How do you think the US economy is doing right now?
« Reply #364 on: August 12, 2024, 11:09:33 AM »
The thing is that legislation was bragged about and pushed hard.

They own the good and the bad of it.


They just don’t want to “man up” and own it
Of course. They want the credit for the good it did and not to accept blame for the bad. So they deflect about record profits and say inflation is all the fault of greedy corporations or some claptrap like that. When massive fiscal stimulus caused the inflation, and anyone with two brain cells to rub together knows it. 

I also note that on the other side, they want to hang inflation on the administration, but I don't see any of them giving credit for the US having the strongest post-COVID recovery in the first world, for 2 1/2 years of <4% unemployment, for the DJIA at record highs, etc. They want the admin to have all the blame for the bad but none of the credit for the good. 

It's standard politics. 

847badgerfan

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Re: How do you think the US economy is doing right now?
« Reply #365 on: August 12, 2024, 11:16:33 AM »
If "they" and "their ilk" who rammed those acts through didn't embrace long-term lockdowns, a huge stimulus would not have been done. It was not needed to the extent that it was done - they did it to us with foolish policies.

What was definitely needed was the PPP. That helped for a ton of employees who would have been faced with layoffs. And it should have stopped there.

I make too much money to get any stimulus checks, but my brothers got them. The smart one took his checks and gave it to his financial planner to invest. The dumb one bought a TV.

So yeah, that shit was really needed...
U RAH RAH! WIS CON SIN!

bayareabadger

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Re: How do you think the US economy is doing right now?
« Reply #366 on: August 12, 2024, 05:47:19 PM »
Without the $1.9 trillion 2021 American Rescue Plan potlach and the $1.2 trillion 2022 Inflation Reduction Act is quite likely the inflation would never have happened.  VP Harris had the tie breaking votes on both of those bills in the Senate.
We gave away well more than half a trillion in stimulus money and business handouts before that. Plus The supply chain was also all messed up, and the government wasn’t gonna save that.

There wouldn’t have been negative inflation or even normal inflation on account of those alone. Plus the next admin almost assuredly wouldn’t have suddenly gone to austerity policies.

It’s ok to acknowledge that an obvious shock was gonna have consequences soon enough. Did disfavored policies help? Nope. But if the only answer is that specific policies, I don’t like a responsible for all the problems, that basically robs credibility when using any of these metrics. 
« Last Edit: August 12, 2024, 05:57:39 PM by bayareabadger »

MaximumSam

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Re: How do you think the US economy is doing right now?
« Reply #367 on: August 12, 2024, 05:53:56 PM »
The War on Immigrants clearly didn't help and clearly contributed to inflation, as well. 

Honestbuckeye

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Re: How do you think the US economy is doing right now?
« Reply #368 on: August 12, 2024, 05:57:38 PM »
The War on Immigrants clearly didn't help and clearly contributed to inflation, as well.
A focus group of one.     What war😂😂😂

such a ridiculous take.  
Get your facts first, then you can distort them as you please.
-Mark Twain

MaximumSam

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Re: How do you think the US economy is doing right now?
« Reply #369 on: August 12, 2024, 06:02:31 PM »
A focus group of one.    What war😂😂😂

such a ridiculous take. 
Don't live in denial. Obviously, excessive restrictions on labor will increase the costs of goods and services. As we actually saw when plenty of businesses had huge problems in getting and keeping employees in the wake of COVID.

Seriously, Trump ran on basically one thing, which was building a wall to keep immigrants out. 

Honestbuckeye

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Re: How do you think the US economy is doing right now?
« Reply #370 on: August 12, 2024, 06:04:50 PM »
Don't live in denial. Obviously, excessive restrictions on labor will increase the costs of goods and services. As we actually saw when plenty of businesses had huge problems in getting and keeping employees in the wake of COVID.
 Better than living in fantasy land. 

yes- employers struggled to get employees in the wake of Covid because because of the war on immigrants. ( the war that never happened). 

Not because the government handouts were richer than the employment.   Get a clue and learn something about economics please
Get your facts first, then you can distort them as you please.
-Mark Twain

MaximumSam

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Re: How do you think the US economy is doing right now?
« Reply #371 on: August 12, 2024, 06:06:19 PM »

Quote
yes- employers struggled to get employees in the wake of Covid because because of the war on immigrants. ( the war that never happened). 
Yeah Trump was famous for his welcoming message to immigrants. Might as well go full on delusional.

Honestbuckeye

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Re: How do you think the US economy is doing right now?
« Reply #372 on: August 12, 2024, 06:09:08 PM »
Yeah Trump was famous for his welcoming message to immigrants. Might as well go full on delusional.

Oh, now I see your point. The incredible and painful rise in inflation during the Biden administration caused by his fiscal policy was really the fault of the President before him for talking about wanting legal immigration versus illegally immigration. 😂😂😂😂.   You are truly delusional.  
Get your facts first, then you can distort them as you please.
-Mark Twain

Honestbuckeye

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Re: How do you think the US economy is doing right now?
« Reply #373 on: August 12, 2024, 06:10:02 PM »
Just own it man. It is what it is. The inflation caused by Biden’s spending policies and other fiscal policies was very painful for this country and still is. Just own it. 
Get your facts first, then you can distort them as you please.
-Mark Twain

Honestbuckeye

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Re: How do you think the US economy is doing right now?
« Reply #374 on: August 12, 2024, 06:11:39 PM »
Not to mention the millions of dollars of taxpayer money spent on un vetted illegal immigrants for housing, food, education, medical, and transportation to all the cities that the Biden administration ship them to.   But it was Trumps fault. 😂😂😂😂😂
Get your facts first, then you can distort them as you please.
-Mark Twain

MaximumSam

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Re: How do you think the US economy is doing right now?
« Reply #375 on: August 12, 2024, 06:12:52 PM »
Oh, now I see your point. The incredible and painful rise in inflation during the Biden administration caused by his fiscal policy was really the fault of the President before him for talking about wanting legal immigration versus illegally immigration. 😂😂😂😂.  You are truly delusional. 
Let's see.

  • Trump ran on a message of drastically reducing immigration
  • Trump claimed he successfully reduced immigration
  • After COVID inflation occurred, triggered in part to a lack of labor due to decreased immigration
  • Honest Buckeye says "it's everything else! Not that! Not that!"

This is basic economics and can't be escaped by wishing it away. I will say the Dems didn't really do anything to address the issue, and Congress was mostly helpless on the issue despite a clear need, though that is typical of them these days.


Honestbuckeye

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Re: How do you think the US economy is doing right now?
« Reply #376 on: August 12, 2024, 06:15:37 PM »
Let's see.

  • Trump ran on a message of drastically reducing immigration
  • Trump claimed he successfully reduced immigration
  • After COVID inflation occurred, triggered in part to a lack of labor due to decreased immigration
  • Honest Buckeye says "it's everything else! Not that! Not that!"

This is basic economics and can't be escaped by wishing it away. I will say the Dems didn't really do anything to address the issue, and Congress was mostly helpless on the issue despite a clear need, though that is typical of them these days.


I can’t have a debate with someone who is so separated from the actual facts.  You truly are delusional.  I can’t even believe you wrote what you just wrote. 

I’ll just take your word for it. The torrid spending and money printing that went on during the Biden ministration and clearly caused inflation was really really the fault of the person before him.  Struggling employment after Covid was because of Donald Trump not because of the government handouts.  OK, you win  😂😂😂😂😂😂😂😂😂😂
Get your facts first, then you can distort them as you please.
-Mark Twain

Honestbuckeye

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Re: How do you think the US economy is doing right now?
« Reply #377 on: August 12, 2024, 06:18:58 PM »
You should run for office. You’ve got the talking points down to a science.

Biden ran on a policy of “the buck stops here” but has blamed anything negative on the president before him. He, Harris, and the media are still doing that as are you.  

Meanwhile, he’s been bragging about how good the employment numbers are so you must’ve forgotten that memo. Now you’re blaming inflation on businesses challenge to hire employees.   Do you see how stupid that looks and sounds?
Get your facts first, then you can distort them as you please.
-Mark Twain

 

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