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comment by kleinbl00
kleinbl00  ·  11 days ago  ·  link  ·    ·  parent  ·  post: Trumps First Two Weeks

By "Pandemic recovery" I mean "economic recovery from the pandemic" which, yes, was far more Congress than Biden. Nonetheless, presidential elections are referendums on the past four years and the past four years were much better for Americans than pretty much any other nation.

The problem with America is the Republicans have grown comfortable with their permanent minority status and have consolidated their platform around demagoguery and the lunatic fringe. When one party is 100% wedge issues 100% of the time, you're effectively at one-party government vs the chaos agents.





usualgerman  ·  8 days ago  ·  link  ·  

Even that, from my understanding comes from the same place. Once you stop forcing the economy to slow down by lockdowns and vaccination mandates, just saying “you can go back to working and buying stuff in stores now” is going to end tge artificially created recession. Wages didn’t go up because the government did something, it was an enticement to get people back to working in restaurants and warehouses and retail stores because people who were doing those jobs found other work.

kleinbl00  ·  7 days ago  ·  link  ·  

"From my understanding" doing a lot of work there. The United States pumped more cash into the economy than any other, which led to more employment, more investment and a faster recovery. It also led to greater initial inflation, but that inflation also cooled faster than any other country.

Economic statistics are notoriously obscure and net price changes are a function of inflation over time, rather than a rate of inflation, so there's hay to be made about the truly uneven nature of the pandemic recovery. But you can't wave your hands and say "from my understanding" and pretend that global pandemic recovery had nothing to do with economic policy.