Beetschnapps , (edited )

You should look at historic inflation levels and how insane it was to keep them as low as they were for as long as we did. The current levels are closer to recommended amounts (4-ish%) for proper growth but we never raised wages enough since the 60s for that level to feel right.

Then conservatives plundered even more during a pandemic and told everyone it was the fault of any stimulus or economically stimulating activity that caused all your problems. The US had a lower inflation rate than the EU or UK or most elsewhere yet the GOP had people believing that raising the minimum wage by a few dollars would doom us all.

It’s hard to believe the economy is great if the only metric is “it’s not burning down” all while the working class gets strangled.

Still you’ll only get strangled so long as the GOP is voted in with free reign to plunder. Reagan raised taxes twice, and had far worse inflation than now. George Bush Sr raised taxes still then Clinton had the deficit on track to be entirely paid off. Bush Jr blew it all up and spent 3 trillion of unnecessary wars instead of anything you’d hold dear… then melted down the economy such that I was told by multiple finance execs that the country was a hairs breadth from shutting down ATMs. It was burning down after 2 consecutive republicans terms and I have zero doubt it would be the case if trump was re-elected. Under Trump, the U.S. national debt rose by nearly $7.8 trillion, following the third-largest primary deficit growth out of all U.S. presidents except for George W. Bush and Abraham Lincoln. He added 40% to that in ONE TERM before Covid. That’s how bad republicans are…

It sucks but there is a clear pattern of two-Santa’s level of recklessness. Biden is doing pretty fucking great when you consider the past century of GOP plundering and Milton Friedman’s shitty track record.

  • All
  • Subscribed
  • Moderated
  • Favorites
  • random
  • [email protected]
  • All magazines