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Given the timelines I can't see how Biden is even 10% at fault. The previous administration started trade wars which began to blow up supply chains even prior t

Given the timelines I can't see how Biden is even 10% at fault. The previous administration started trade wars which began to blow up supply chains even prior to the pandemic. They also increased the deficit during a time of economic growth when they should have been trying to decrease it. So if anything I would break down the blame like this: The Fed: 60% (for QE and keeping rates too low for way too long), Previous admin: 20% (trade wars, increasing deficits when they should've been working on reducing them), Putin 15% (for invading Ukraine), Biden admin (maybe 5%, but even that is probably a bit high)

mbg721 5y ago
Does Congress get any blame for promising an infrastructure bill for at least a decade, treating it as a political football, and then loading it up with various pet projects?
- dragonwriter 5y ago
  > Does Congress get any blame for promising an infrastructure bill for at least a decade Congress isn't a person or even an institution with a unitary head, and that's at least 5 separate Congresses, several of which didn't have even approximate unity between the two houses on the issue. And most of the promises on that came from the White House, not “Congress” (as if there was anyone who could speak for “Congress” anyway.) And Congress passed infrastructure bills in 2009, 2012, and 2015 before the one in 2021.
newaccount2021 5y ago
audleman 5y ago
Isn't the Fed taking directions from whatever administration is in power? Or do they have their own independent agenda? I think it's more the former, leading to a circular argument on where the blame for that 60% lies.
- colinmhayes 5y ago
  > Isn't the Fed taking directions from whatever administration is in power? No, the Fed is an independent entity similar to the supreme court. The president could fire the chair and install someone new, but I don't believe that has ever been done.

mbg721 5y ago

Does Congress get any blame for promising an infrastructure bill for at least a decade, treating it as a political football, and then loading it up with various pet projects?

dragonwriter 5y ago
> Does Congress get any blame for promising an infrastructure bill for at least a decade Congress isn't a person or even an institution with a unitary head, and that's at least 5 separate Congresses, several of which didn't have even approximate unity between the two houses on the issue. And most of the promises on that came from the White House, not “Congress” (as if there was anyone who could speak for “Congress” anyway.) And Congress passed infrastructure bills in 2009, 2012, and 2015 before the one in 2021.

newaccount2021 5y ago

audleman 5y ago

Isn't the Fed taking directions from whatever administration is in power? Or do they have their own independent agenda? I think it's more the former, leading to a circular argument on where the blame for that 60% lies.

colinmhayes 5y ago
> Isn't the Fed taking directions from whatever administration is in power? No, the Fed is an independent entity similar to the supreme court. The president could fire the chair and install someone new, but I don't believe that has ever been done.