Inflation is not good, layoffs are coming, wages are now behind inflation. I don’t blame Presidents for the economy yet you blame Trump and Bush for bad economies so spare me your hypocrisy it wears thin.
I agree with you 100% that inflation is not good. As a pensioner on a fixed income, I am well aware of my grocery bill. My diet is determined by what the local stores have on special. While I don't own a car, I am recovering from knee surgery and relying on the kindness of car-owning family and friends while paying for their gas money. I went into hospital on the day gas hit $9 a gallon. It was $8.50 the day I came home. Grocery prices are outta sight. Rents have doubled. It's frightening.
Both Bush and Trump gave massive tax cuts to the wealthy, all financed by debt, and then went on drunken sailor spending sprees. The cash injection of deficit spending gave cover to the cash being diverted to the top, goosing the economy also on borrowed money.
Trump should have been RAISING taxes during the boom economy, to pay down the deficit in advance of the next recession/fiscal downturn. That's what every other western economy had been doing since the 2008 crash.
Got a link to the tens of thousands lining up for hours in January 2021, to get food hampers?
Don't have any use for Musk or Bezos.
My apologies, it was right after the election, not right before the Inauguration:
The North Texas Food Bank distributed 600,000 pounds of food, including 7,280 turkeys, during the event.
www.cbsnews.com
Bezos did save the Washington Post, for which I'm grateful, and he seems to be keeping his mitts off its editorial content, unlike Rupert Murdoch and the Wall Street Journal.
I'm from the "To those to whom much is given (tax cuts, freebies, no income tax), much is expected". Pay your fair share. Pay for your own damn infrastructure. Tax cuts/breaks for Billionaires, always end up costing poor people money. Every Republican economic crash has benefitted the wealthy, and impoverished low wage workers and the middle class.
It's wrong to bail out private corporations with public money, while refusing to give financial support to the American people who lose their jobs, their homes and their health insurance during the crash. Payroll protection plans only help those who are still working, and do nothing for those who have already lost their jobs, or whose employers have closed.
Privately owned companies should bear the risk or at least be required to repay public funds when the economy stabilizes. This notion of public losses during recessions and private profits during boom times, is the anti-thesis of the free market.
Part of the reason the Big 3 auto makers went broke was because the US government didn't impose energy efficient regulations on US designed and sold vehicles. The cars couldn't sold in Europe or even Canada, because they weren't compliant. American protectionism coddled these companies and kept them from being compliant with climate change protocols, limiting sales.
You don't want poor people to get Obama phones. How can you get a job without a phone? How can your kid's school contact you without a phone. You rail over Obama phones but you're perfectly content to give money to corporations who don't need it.
Republicans gin up outrage about free stuff for poor people, while gladhanding billions in "free stuff" to billionaires. Watching Bezos in his flying dick launching himself into space was a perfect image for an American billionaire.
