4 ms·

This administration is a failure.

• AnimalMuppet 4y ago
  Perhaps it is. This doesn't show it, though. We have inflation from (at least) one of two causes. First, all the money created to keep the economy from falling apart during the Covid semi-shutdown. Well, who did that? Biden? Yes, and also Trump. I literally got checks in the mail with Trump's signature on them. So blaming this on Biden seems rather unfair. The other reason for inflation is the economic blockade of Russia, specifically Russian oil. That's 100% on Biden, but it's also the right thing to do. That's not failure, that's leadership. There's not all that much I agree with Biden on, but I agree with his handling of the Russia/Ukraine situation.
  • joemazerino 4y ago
    The economy should have failed during the 2020 crisis. That's the point. Government intervention not only prolongs the pain but inevitability increases it as it tries to save.
    • mountainriver 4y ago
      Sorry that’s just not true, government intervention can absolutely break the economy out of equity traps when a recession hits. If people are scared to lend/spend money it’s a self fulfilling prophecy, and can make things much worse
      • effingwewt 4y ago
        I disagree. Not only did the intervention help no one but the banks, but when they were bailed out with taxpayer money, they were refusing loans to the point they were sued over it. While using the same funds to pay obscene CEO bonuses. We stopped having a free market at that moment, and we've seen things go right back to the same exact spot only worse. Our entire financial system is bullshit now, it's one huge moral hazard.