this post was submitted on 12 Dec 2024
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politics

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Summary

President Joe Biden touted his administration’s economic recovery efforts, citing job growth, reduced inflation, and infrastructure investments, as he prepares to hand off a strong economy to Donald Trump.

Biden criticized Trump’s proposed steep tariffs on imports, warning they could harm the economy and reintroduce inflation.

Trump plans tariffs against China, Mexico, and Canada, raising concerns about trade disruptions similar to those seen during his first term.

Economists caution that such policies could quickly reverse recent economic gains and weaken the U.S. economy.

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[–] [email protected] 133 points 1 week ago (4 children)

We've been doing this seesaw for the last 30 years. Republicans are that guy we've all seen at work who gets nothing done but gets credit for everyone else's work, and fails up because of it.

[–] [email protected] 9 points 1 week ago* (last edited 1 week ago)

It truly is a Homer Simpson v Frank Grimes situation. With the DNC being Frank Grimes Im praying for the day they actually lose it.

[–] [email protected] 8 points 1 week ago

What really irks me about this, is that the progression forward is then twice as slow because it’s two steps forward one step back, two steps forward one step back. This is not how to run a fucking country.

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[–] [email protected] 65 points 1 week ago (3 children)

Just do another round of stimulus check and let Donny deal with the bill. 😏

[–] [email protected] 15 points 1 week ago (1 children)
[–] [email protected] 16 points 1 week ago (1 children)

And this time put Joe Biden's name on the checks.

[–] [email protected] 14 points 1 week ago

"We'll allow it, but only for corporate America and those making >$500k/year" -Sinema and Manchin

[–] [email protected] 15 points 1 week ago (1 children)

This would be the best way to end the last 20 days, and mass parsons because fuck it whynot

[–] [email protected] 15 points 1 week ago (4 children)

The best way to end it is for Biden to have Trump and friends disappeared to a CIA black site.

[–] [email protected] 8 points 1 week ago (2 children)

That's a totally legal, and very cool thing to do.

The supremely corrupt court hath made the president into a king with unchecked power to slaughter the entire United States.

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[–] [email protected] 7 points 1 week ago

Here comes Biden with the steel chair!

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[–] [email protected] 4 points 1 week ago (5 children)

Can't do that without also controlling congress which he doesn't.

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[–] [email protected] 50 points 1 week ago (1 children)

more like stabilize. without the second term to actually make some progress this is going to go in the shitter fast.

[–] [email protected] 12 points 1 week ago (2 children)

People really can’t understand the economy turns like the Titanic. Trump fucked it, but we didn’t see the real effects until Biden’s term. We were heading into another Great Depression, and coupled with the effects of Covid, people massively underestimate how well the economy actually did under Biden.

Trump will coast on the Biden administration’s success for a while, and will take the credit. Once he fully fucks everything (and IF there are fair elections in 2028, which doesn’t seem likely), a future democratic administration will be blamed for the effects of trump’s fuckery. Repeat ad infinitum.

That’s how it’s worked for a century, and uninformed voters will always fall for it.

[–] [email protected] 4 points 1 week ago

Nah. It takes much more to build than to burn down. This is why bush senior had to do the things that angered his base. Whats been built in the last four years will fall within 2. Even trumps first term it was actually covid which allowed him to get through it. Obama was not able to really get things good in two after bush jr.s two wars and when trump dropped rates and overheated everything the market was due for a big crash but covid ironically created this wierd condition were it bounced back due to the stimulus of the checks and just that generally the haves did not want to fuck around with that shit going. Everything became about keeping things going. Its gonna be a rough few years coming up.

[–] [email protected] 4 points 1 week ago

Are you implying the president's desk does not come with a big green Fix the Economy and a big red Ruin the Economy button?

[–] [email protected] 43 points 1 week ago* (last edited 1 week ago) (2 children)

You thought inflation was bad. Get ready for Trumpflation.

I guess that's better then renaming the war economy "Bidenomics"

Grow food if you can now folks shit is about to get bad. Buy flour in mass if you can.

[–] [email protected] 15 points 1 week ago (8 children)

Not flour, unground wheat berries. Cheaper to buy in bulk with a much longer shelf life.

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[–] [email protected] 38 points 1 week ago (10 children)

If the democrats are so sick of getting swapped out maybe they should field some decent candidates.

[–] [email protected] 34 points 1 week ago* (last edited 1 week ago) (6 children)

Unless your idea of a good candidate is George Clooney or Oprah than this isn't a problem that can be fixed with 'better candidates'.

[–] [email protected] 35 points 1 week ago

Those answers make me unreasonably angry. The absolute stupidity is astounding.

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[–] [email protected] 21 points 1 week ago (2 children)

If voters demonstrated one thing this year, it's that the decency of the candidate is utterly irrelevant.

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[–] [email protected] 9 points 1 week ago (6 children)

There was nothing wrong with Harris except seven million people who voted for Biden weren't ready for her to become president.

[–] [email protected] 8 points 1 week ago (1 children)

It is more like 250k in 4 states that flipped.

[–] [email protected] 4 points 1 week ago (1 children)

Harris got about seven million less votes then Biden.

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[–] [email protected] 4 points 1 week ago (1 children)

There was nothing wrong with Harris except seven million people who voted for Biden weren’t ready for her to become president.

I didn't enjoy what she did as district attorney. I would also argue if she was not electable in 2024, then she doesn't meet the bar of a "good candidate". Now her viability is irrelevant entirely, unless she plans to run in 2028.

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[–] [email protected] 28 points 1 week ago (3 children)

It basically happens every cycle, easy to go back all the way to George Bush Sr -> Clinton ( if not earlier).

But the problem is, the current economic boom is even more K-shaped than any other in recent history; half of the population are struggling worse than before, but their plight is masked by an incredible boom for the other half.

I can’t blame the working class for thinking back to ~2016, and remembering things fondly.

Trump will only make the current situation worse, but I can at least understand how the US ended up in its current predicament.

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[–] [email protected] 21 points 1 week ago (1 children)

And we have several pandemic vectors on the rise - again. Well, with one major change, we now have a vaccine denialist in charge of core agencies. Prospects look good for the vulture industries.

[–] [email protected] 5 points 1 week ago

And one of the new viruses has a fatality rate above 50% in livestock, probably doesn't bode well for humans.

If there is a god maybe the covid was just a booster virus to get the smart portion of humanity prepped for the real plague, lol.

[–] [email protected] 16 points 1 week ago* (last edited 1 week ago) (1 children)

I see it more as speed of descent.

I'm of the opinion this country is sold, and died about half a century ago as a democracy, and this is just leftover momentum. All but waned momemtum.

Our vote isn't on whether to reorient the economy to reflect the priorities of its citizens, merely how, and if at all, to manage some of the social issue symptoms of our crumbling commons, the ruins of public education, as the owners search for new vectors of exploitation.

I see voting blue as akin to requesting we leave the water pumps turned on for this sinking ship to buy time(D), and voting red a vote turn them off because some passengers have been deluded into hating other passengers and really, really want to watch them drown(R) despite being in the same boat with them.

The holes are our economic policy, but ask either party about patching them and you'll get something akin to "What holes? This ship is unsinkable! If you think there's holes, you're the problem."

Dont worry though, there are lifeboats, just enough for the politicians and their donors. Wealth means not having any national allegience.

[–] [email protected] 4 points 1 week ago (1 children)

The poor man really has a stake in the country. The rich man hasn't; he can go away to New Guinea in a yacht.

GK Chesterton, The Man Who Was Thursday, 1908

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[–] [email protected] 12 points 1 week ago

Lmao, he rebuilt the stock market.

That is not the economy.

[–] [email protected] 4 points 1 week ago (1 children)

i'm holding a huge cash position, waiting for the inevitable downturn to buy up assets.

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[–] [email protected] 4 points 1 week ago (2 children)
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