Opinion: nobody cares wall street made more profits. Democrats are lying when they play their economy card. Real people lost purchasing power.
this post was submitted on 11 Nov 2024
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No, he did not bring down inflation. If prices were to go back to where they were in 2020, that would be deflation. What they did was disinflation. The inflation stayed. It's just not going up by as much as it was. That's a whole different story to things going down in price.
Inflation was like 9% in 2022. It's like 2.5% now. How is that not bringing down inflation?
Inflation is the rate of change of prices. It's not the prices themselves. I got skewered in another thread for pointing this out, but I still think it's an important distinction.
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Democracy fails when most people, rather than being informed are stuck in their social network bubble ruts. Democracy fails when nothing is done to fight disinformation in social networks. Democracy fails when the most popular social networks can be bought up by the richest man to be used for electoral interference without any repercussions. Democracy fails when it elects convicted felons. The US is too far gone, and is too powerful and influential for any peaceful transition from those countries that didn't want to be enshittified.
Americans are gonna swing back and forth between the major parties until elections eventually stop happening. Mark my words.