Voters punished Biden for problems he didn't cause and effectively addressed

[Stormy Daniels]

That's how the economic system is set up. It's amazing how many do not understand the basic underpinnings of our system. I do not support it often times but the basics should be understood.

What's even worse than when some moron can't understand that inflation is expected and desired is when they think that reducing inflation will mean lowering prices.

 

[pknopp]

too funny, explain your position!

Take a basic class where the bases of the Federal Reserve is explained to you.

 

[pknopp]

What's even worse than when some moron can't understand that inflation is expected and desired is when they think that reducing inflation will mean lowering prices.

Boy do I catch hell when I state a little deflation would never destroy us. LOL

 

[22lcidw]

Why? Your post makes no sense.

They became Progressives or lean that way. Krystal, Cheney and Bolton and others. Krystal of the Weekly Standard went years ago when Trump became President. Many people followed men like Krystal. Then you find out he is a snake weasel. It's things like this that cause people to remember and when times go not so well, the reaction is not so good. It is clear that advisers to Presidents can be different. A lot different in results. These war hawks will work their way into Prog leadership soon enough.

 

[LAUGHatLEFTISTS]

Trump won because of the time tested strategy of being able to convince enough people, that anyone not white is the enemy.

Which has been largely suppressed over the years because economic issues have been front and center since the Republican Recession of 2009.

Democrats failed to message about the recovery of the Trump Recession and miserable failure of handling the global pandemic, and the success of President Biden's booming economy, and the creation of 16 million jobs in just four years.

Democrats lost a majority of white women, because they failed to grasp that while mothers want to protect abortion rights. They also want to protect their daughters on the playing field, and in the restroom from transgenderism.

Because of those two issues alone, it was easy for Trump to play on peoples fears of migrants, and the LGBT community.

312>226

 

[Stormy Daniels]

He didn't beat inflation.

It can only go up so far in a single increment before everything turns to trash.

It capped and the damage is done.

Biden is a loser.

I will agree with you that Biden didn't "beat" inflation. A President can't really do any such thing. It's the Fed that has beat inflation.

But you're quite wrong to say that inflation capped. As history has shown time and time again, inflation can and regularly has reached astronomical levels, compared to what we experienced during the pandemic. It's not until much, much higher levels of inflation that said trash turning into occurs.

All that any President, whether Biden or anyone else, could have done over the past four years to combat inflation was to wait and to avoid policies in the meantime that would further inflame inflation. Biden correctly avoided particularly inflationary polices. One didn't have to be a rocket scientist to do it. But he did slightly give in to certain things that would have a slightly inflationary effect, such as student loan forgiveness (though that would probably be limited and not immediate).

 

[pknopp]

They became Progressives or lean that way. Krystal, Cheney and Bolton and others.

No they didn't.

 

[Stormy Daniels]

Boy do I catch hell when I state a little deflation would never destroy us. LOL

No, it wouldn't destroy us. But the bigger question is whether a little deflation is something that can actually be intentionally achieved. You can turn the ship in that direction, but being able to stop on a dime is an entirely different matter.

 

[Billiejeens]

This will make two times in a row drumpf has benefitted from inheriting a strong economy left behind by a Dem admin., while claiming it was a disaster. This will also make two times in a row the disinformed will obediently nod when he tells them he created the greatest economy in the history of the world.............while standing on the shoulders of his predecessor.

Shocked that you survived almost a week now.

 

[pknopp]

I will agree with you that Biden didn't "beat" inflation. A President can't really do any such thing. It's the Fed that has beat inflation.

It's hard to give credit to an entity that helped create it in the first place.

But you're quite wrong to say that inflation capped. As history has shown time and time again, inflation can and regularly has reached astronomical levels, compared to what we experienced during the pandemic. It's not until much, much higher levels of inflation that said trash turning into occurs.

All that any President, whether Biden or anyone else, could have done over the past four years to combat inflation was to wait and to avoid policies in the meantime that would further inflame inflation. Biden correctly avoided particularly inflationary polices. One didn't have to be a rocket scientist to do it. But he did slightly give in to certain things that would have a slightly inflationary effect, such as student loan forgiveness (though that would probably be limited and not immediate).

He didn't give away thousands in checks like previously. He did claim to want to do similar but never actually did. That was good. He did continue to run on debt though. Not that anyone has addressed that for a very long time.

 

[pknopp]

No, it wouldn't destroy us. But the bigger question is whether a little deflation is something that can actually be intentionally achieved. You can turn the ship in that direction, but being able to stop on a dime is an entirely different matter.

Sure, it's not a science. IMO we would be far better off today if we had simply allowed the bubbles to deflate and start from there as opposed to trying to keep them inflated.

 

[berg80]

It would be two times arrogant liberals told the American people they are too stupid to understand how good they have it. Run with that.

I do not dispute there are millions of Americans who are not benefitting from the economy's strength. Only that empirically speaking the numbers don't lie.

 

[Billiejeens]

I do not dispute there are millions of Americans who are not benefitting from the economy's strength. Only that empirically speaking the numbers don't lie.

The numbers painted a clear picture that you don't understand.

 

[Stormy Daniels]

It's hard to give credit to an entity that helped create it in the first place.

Eh. They were late to the game, and allowed it to get worse than it needed to be. I'm not sure I would say that they created the inflation problem. It was the pandemic money that did that. I'd say that the Fed failed to manage it well. Once they managed to turn the corner, they've done a reasonable job to bring it back under control without precipitating a recession. Though I think they're starting to return to screw-the-pooch mode, being to eager to cut rates to serve Wall Street.

 

[Rawley]

‘In what will be a generous gift to his successor, President Joe Biden beat inflation, brought down gas prices, created millions of jobs, spurred strong growth, boosted retirement savings and revived American manufacturing — just in time for Donald Trump to take credit for all of it.

Any objective assessment of Biden’s tenure would show him to have been a highly successful president, especially on economics (even if no president can actually bring down the price of gas all by himself). The fact that he is widely viewed as a failure shows just how warped our political and informational systems are.

In the inevitable circular firing squad Democrats and progressives are now assembling, one of the most prominent criticisms is that the party plays too much to its highly educated base, and if it wants to succeed then it must reconnect with working-class voters. As Sen. Bernie Sanders, I-Vt., said Wednesday, “It should come as no great surprise that a Democratic Party which has abandoned working-class people would find that the working class has abandoned them.”

Yet, far from “abandoning” working-class people, Biden’s has been the most economically populist presidency in decades, probably since FDR’s. He was the first president to walk a picket line, with striking autoworkers. His labor record has been exemplary: He banned noncompete agreements for most workers, expanded overtime pay and saved the pensions of hundreds of thousands of workers. The Federal Trade Commission is finally attacking monopoly power. The Consumer Financial Protection Bureau, which all but lay fallow under Trump, is protecting consumers again. The bills he signed have begun a manufacturing boom, focused purposefully on jobs that don’t require college degrees.’

Opinion | Voters punished Biden for problems he didn’t cause and effectively addressed

The fight against rising prices has essentially been won. But few in the electorate seem aware.

www.msnbc.com

President Biden, yet another Democratic president who cleaned up yet another Republican mess.

Trump inherited a strong economy from President Obama – a strong economy Trump managed to run into the ground.

Trump again inherits a strong economy from President Biden – which Trump will likely run into the ground.

Dude, it was a friggin layup and your cult screwed up by running the vapid twatwaffle

 

[Stormy Daniels]

Sure, it's not a science. IMO we would be far better off today if we had simply allowed the bubbles to deflate and start from there as opposed to trying to keep them inflated.

I think that was kind of the Fed's approach--after it was too late, of course.

 

[HikerGuy83]

I will agree with you that Biden didn't "beat" inflation. A President can't really do any such thing. It's the Fed that has beat inflation.

For you I will concede the point. But since we hang this on presidents as a matter of public argument....he owns it.

But you're quite wrong to say that inflation capped. As history has shown time and time again, inflation can and regularly has reached astronomical levels, compared to what we experienced during the pandemic. It's not until much, much higher levels of inflation that said trash turning into occurs.

Given where things were landing, I think it had pushed as far as it could go. Much higher and consequences would have started to become much more severe. It has a way of regulating unless your government is just printing money out the wazoo.

My opinion.

The rate of inflation has certainly leveled off. That is good and it will be benefit Trump.

I am still have things to learn regarding the impact of our public debt. At 36,000,0000,000, we are now paying (as I understand it) 1,000,0000,000 a year in interest alone. That is going to make balancing the budget very very painful and difficult.

 

[blackhawk]

Thanks for the Monday morning laugh.

 

[elektra]

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[pknopp]

Eh. They were late to the game, and allowed it to get worse than it needed to be. I'm not sure I would say that they created the inflation problem.

Fair enough.

It was the pandemic money that did that. I'd say that the Fed failed to manage it well. Once they managed to turn the corner, they've done a reasonable job to bring it back under control without precipitating a recession. Though I think they're starting to return to screw-the-pooch mode, being to eager to cut rates to serve Wall Street.

It was the over pumping for a dozen years.

I read where they want to go to 3%. Mistake. We just seem to love this boom/bust economy for some odd reason.