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] 4 points 1 week ago (4 children)

Why does he look like Kim Jong Un in this picture 😂

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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] 3 points 1 week ago* (last edited 1 week ago)

Womp womp. I'm convinced these idiots think maniacs like trump coming in to raid government coffers is advantageous to themselves some how. I know there might be a criminal network where this is true but not the entire fucking GOP.

It's insane how the right controls the narrative so hard that some people believe in earnest that they have good economic policy when it really just is, "gubberment don't work, now gibbme all that money, nom nom nom."

[–] [email protected] 4 points 1 week ago (1 children)
[–] [email protected] 3 points 1 week ago (1 children)

Trump always looks horrid, it's just genuinely baffling he can even move. I'd be shocked if he doesn't die in office on this term.

[–] [email protected] 2 points 1 week ago

President Jorkin Dapeanus Vance. Horrifying.

[–] [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

[–] [email protected] 4 points 1 week ago* (last edited 1 week ago)

Exactly, multinational oligarchs live in their own reality, with their own infrastructure all over the world.

We are a piggy bank to rape for private profit, not their society.

That's what happens when you let people accumulate society warping levels of capital to begin with. Beyond material desires, that's what capital is: power. Power to propagandize entire nations with for profit media, power to capture entire state and world governments, power to live above the Commons you destroy.

No one should be allowed to gather more power in a society than their single vote allows. This is why civilized nations have publicly funded campaigns, and trying to buy votes is still a crime. Other people live here. Thre should be a 100% wealth tax somewhere in the high double digit millions where you get a cake and a medal and a senator comes and shakes your hand for all future money going to repair and improve the commons like roads and education and HEALTHCARE that facilitated their rise to such astronomical success to begin with.

Citizens of the Nordic nations, the happiest people's on Earth, largely have no problem being taxed for success because they're educated to understand that their success is society's success, and they live in society so everyone wins. Hard work yields bigger homes and toys, but not sociopaths trying to buy half of Hawaii's beaches to lock their fellow citizens away from that lived there first away from them for example.

They chose live together, we choose die alone. Most people suffer under die alone. I wish Americans weren't so successfully propagandized into being hostile towards the very idea of society on the basis of "well you might be rich one day, and you don't want filthy poor people making you less rich when that happens, do you, you fucking sucker?"

[–] [email protected] 3 points 1 week ago (5 children)

https://www.bls.gov/charts/consumer-price-index/consumer-price-index-by-category-line-chart.htm

This is a chart showing percentage difference over 12 months of CPI for the last 20 years. Biden's presidency came with less than 1% inflation which only rise to record levels in the first 2 years. It has come down to high 2% and settled at that level.

In the last 12 months everything other than energy prices have rise by 2.4%. A 2-2.4% in prices after having 2 years of near 10% inflation.

You can see how Democrats saying that they have done good for economy and common man seems hollow.

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

With the years:

[–] [email protected] 11 points 1 week ago (2 children)
[–] [email protected] 1 points 1 week ago

You can check the website linked in the comment.

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

c/dataisugly

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