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Yet, you're naive to fully expect Republicans will save the country from economic harm after what happened in 2020 from them going overboard with approval of covid restrictions? No way in hell am I going to wrong and stupid enough to trust Republicans can do any better for the country, including keeping the country out of senseless war.
Give me a break. Another liberal who cannot learn from experience.
Biden created this situation by infusing too much money into the system. This was manufactured inflation by federal idiocy.
High crime- part of the democrat war on the police, which started with Obama
Foreign policy- I'm afraid Biden acted against the advice of his generals in afghanistan and created a disaster. He has refused to defuse the situation in The Ukraine, which is due to his playground attitude toward "negotiation".
Voting rights- he has attempted to allow the dems to permanently cheat and federalize elections; fortunately, he was defeated.
Individual Rights- Biden has used the FBI to attack political opponants and citizens who oppose CRT, while failing to use the FBI to investigate his son, Pelosi's stock trading, BLM and ANTIFA terrorism, and infiltration of key US industries by China
Corruption- let's face it- Biden has taken money from China and The Ukraine and is compromised. Only an idiot can deny that.
Open borders- Biden INVITED this, even before being installed as president. He was nearly begging illegals to crash the border and they dutifully answered his call. The border fiasco is all Biden.
Liberals contend that all of the above would have happened, regardless of who is president. This, of course, is more liberal lunacy and rationalization for a terrible president. If these things were true, WHY IN THE HELL DID THEY NOT HAPPEN UNDER TRUMP?
The president DOES MAKE A DIFFERENCE and having an incompetent, demented president makes all the difference in the world, as the last year has proven.
Yet, you're naive to fully expect Republicans will save the country from economic harm after what happened in 2020 from them going overboard with approval of covid restrictions? No way in hell am I going to wrong and stupid enough to trust Republicans can do any better for the country, including keeping the country out of senseless war.
If I recall correctly it was Trump who left decisions pertaining to the states up to the states themselves. Any state that locked down did so on their own volition. And even during that time, the only shortages that occurred were from panic buying.
As for wars, Trump never started one, and was very much anti-war. Unlike dismal demented Biden who botched Afghanistan and will most likely botch the Ukraine situation like he botches everything. Biden is about the LAST person this country needs to be in charge in tenuous circumstances.
There is another way. The Federal government needs to stop spending. Stop passing additional spending bills. We didn't need Biden's plan earlier last year. We were already experiencing the greatest recovery on record. That is what Biden inherited, along with multiple vaccines. Biden did not need to pass another Covid stimulus bill, but he did and that has caused this excessive spike in inflation. Biden and the Democrats want to pass the Build Back Broke bill to add more fuel to the inflation fire. Democrats are also talking about passing yet another Covid spending package to cause massive hyperinflation.
This is the problem. The government keeps wanting to spend way too much money, forcing the Fed's hands. If the government would switch to smaller government with much less spending, we could avoid all this. Unfortunately we are stuck with two parties. A Republican party that spends too much money and a Democrat party that always spends way way way too much money.
The only thing that can restrain government spending is gold and silver as currency, or fiat strongly tied to currency, with it being written into the constitution that we have to have a gold standard. In the 60s, we began to debase the currency by printing too much paper money and by diluting the silver content in coins. This was with the gold standard still being in place. This is why we had to come off the gold standard.
But you are right, if we had a much smaller government, we would not be in this predicament today because the federal government would be spending a lot less and would not have the power to screw up the currency.
"Look, the American people have chosen to have a five money standard because they want a welfare state. You cannot have a gold standard and a welfare state at the same time and we have made a decision as a society that we will be dealing with the welfare state." - Alan Greenspan, Fed Chair
A recession at this point would actually be healthy. What wouldn't be would be another 3 trillion dollar stimulus package to blow up the massive bubble even more.
I predict threads criticizing Biden no matter what he does. He does deserve criticism, but so do republicans, and the entire swamp.
We have a massive labor shortage. A recession that reduces house, stock, energy, and used car prices by 25-50% would be healthy at this point. There would still be enough jobs even with a recession.
Good post. People don’t understand that recessions can be good. As they say, the business cycle hasn’t been repealed. Stocks and real estate go up to unsustainable levels, wages and prices follow suit, the bubble bursts, we go through a short recession to wring the inflation out of the system, rinse and repeat. We’re long overdue for a true recession; the brief dip in 2020 was artificial, caused as it was by the pandemic.
The cycle has nothing to do with who is President, btw.
What was supposed to be a historic economic rebound as we leave the Covid pandemic behind is quickly turning into a soon to be recession according to major economic indicators and bad Democrat policies.
Jefferey Gundlach says he hasn't seen it this bad since Jimmy Carter and states we are simply repeating history.
This is what people voted for. Enjoy the upcoming ****show. You voted for it and you deserve to get it.
I hear so many Republicans talking about recession as if they WANT a recession.
There's no indication a recession is coming, The first thing to look for is a repetitive increase in unemployment. So far, we have reptitive increase in employment. There are far more jobs available than job seekers.
I hope Republicans aren't wishing for a recession for their own gains, knowing how it would cause a hardship for the average American.
A recession also isn't caused in one year. The Democrats took the administrative office in 2020.
The Great Recession was caused by the Republican administration...the Democrats had to get us out of that. Then the next Republican President administration was followed by economic woes...so far the Democratic administration has kept recession at bay. It could happen, but so far it's not.
All of the woes we have right now were caused by the Covid pandemic, made worse by the Republican President first denying the pandemic (I heard him call it a hoax at one point), then letting in 40,000 Americans returning from China without quarantine, then not getting testing to the public (gave the task to his son-in-law to develop one...who had never done such a thing before), and not getting sufficient vaccines to the public. That made the supposedly greatest country on earth the one that was hit the hardest by the pandemic, eventually exceeding China in % of those with the virus. There was a plummeting of demand for products & services, businesses shut down, production stopped, reserves were used up. Then when the economy opened up again, demand for products & services skyrocketed, while at the same time shipping issues arose, and Putin started a war (Russian oil was pulled off the market to a large degree), causing the problems we see now.
the # of untruths in ^ post is too staggering to attempt to address individually.
Let's just summarize by saying a recession = 2 consecutive quarters of GDP decline. We had one in 2020, first because we had been on an unheard of length 10 yr growth (though slowest recovery ever) and yes the economic cycle "yields to no man".
Q1 2020 was already going to be negative GDP. Q2 2020 was because of the pandemic.
We have 1Q of GDP decline now; we'll see soon enough on Q2.
I hear so many Republicans talking about recession as if they WANT a recession.
There's no indication a recession is coming, The first thing to look for is a repetitive increase in unemployment. So far, we have reptitive increase in employment. There are far more jobs available than job seekers.
I hope Republicans aren't wishing for a recession for their own gains, knowing how it would cause a hardship for the average American.
A recession also isn't caused in one year. The Democrats took the administrative office in 2020.
The Great Recession was caused by the Republican administration...the Democrats had to get us out of that. Then the next Republican President administration was followed by economic woes...so far the Democratic administration has kept recession at bay. It could happen, but so far it's not.
All of the woes we have right now were caused by the Covid pandemic, made worse by the Republican President first denying the pandemic (I heard him call it a hoax at one point), then letting in 40,000 Americans returning from China without quarantine, then not getting testing to the public (gave the task to his son-in-law to develop one...who had never done such a thing before), and not getting sufficient vaccines to the public. That made the supposedly greatest country on earth the one that was hit the hardest by the pandemic, eventually exceeding China in % of those with the virus. There was a plummeting of demand for products & services, businesses shut down, production stopped, reserves were used up. Then when the economy opened up again, demand for products & services skyrocketed, while at the same time shipping issues arose, and Putin started a war (Russian oil was pulled off the market to a large degree), causing the problems we see now.
The liberal news media has done an excellent job of brainwashing you.
Yet, you're naive to fully expect Republicans will save the country from economic harm after what happened in 2020 from them going overboard with approval of covid restrictions? No way in hell am I going to wrong and stupid enough to trust Republicans can do any better for the country, including keeping the country out of senseless war.
If Repubs were overboard with Covid restrictions then what were the Dems that went way further to the extreme in that?
The economy on US soil started shrinking in terms of real production as globalization took deep root, with a giant sucking sound, first manifested with the dot.com recession in the early 2000s, but cloaked by military business ventures in Afghanistan and Iraq, then the giant hole of the so-called subprime mortgage debacle of 2008.
The economy never really fully recovered from that, at least in terms of potential growth rates. Take into account that almost 40% of the eligible workforce does not participate in the labor market before repeating the mass-media meme of “labor shortage.”
Clearly the economy on US soil, and elsewhere, shrunk further with the global disease(s?) induced in late 2019 and possibly ongoing, somewhat cloaked by the military business venture in Ukraine, albeit that cloak is that much less effective the umpteenth time that is employed and paraded.
Over the past 30 years, US political theater has been studded with all kinds of actors stage left, stage right, and all combinations in between, all with the same result: downward trajectory in potential growth rates and even downright shrinkage.
Yes, Mr Biden took office already half senile, and by now is probably more than half senile, but if he is chastised at the mid-term elections or is even removed from office, it would make no substantive difference.
Don’t delude yourself: there is no one on the so-called “republican” “bench” who would inspire a significant change in direction, and even if there are a few good eggs at local and state levels, they would be turned rotten after a few weeks at the federal level.
Good Luck!
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