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People literally are stupid. Inflation was a global phenomenon, clearly not “caused by” POTUS, and the US managed it far better than every peer. The idea that

People literally are stupid. Inflation was a global phenomenon, clearly not “caused by” POTUS, and the US managed it far better than every peer. The idea that if you don’t like inflation you should vote Trump is pretty much the definition of stupidity.

dalmo3 2y ago
This is why the US is so great. You debase the dollar, the whole world suffers, and you can still claim "we've outperformed our peers". Fantastic.
- llamaimperative 2y ago
  The dollar traded at pretty stable levels through the 2020-2024 period, and most countries that could did similar things to their currencies as we did.
  - throwaway2037 2y ago
    To be clear, it doesn't make sense to say "the dollar traded at pretty stable levels". You need an FX pair to make sense. There are three big, floating currencies in the world: USD, EUR, and JPY. These currencies are overwhelming used for international trade. The USD<->EUR FX rate has been quite stable (~1.10) for about 10 years. However, the JPY<->USD FX rates has risen dramatically since 2022.
    - llamaimperative 2y ago
      To be clear, it's obvious I'm saying across a basket of all FX pairs, the US traded at pretty stable levels. There is no sign at all of debasement. JPY, likewise, has performed terribly against a basket of all FX pairs. JPY is the outlier.
- bluecalm 2y ago
  One look at a currency prices chart disproves the "debasing" theory.
mschuster91 2y ago
People are still feeling it in their wallet every time they go grocery shopping. The greatest mistake of the Biden era was to ignore the cost of living explosion and the uncontrolled greed.
- llamaimperative 2y ago
  They absolutely didn’t ignore the cost of living explosion or uncontrolled greed. Kamala proposed several policies targeted at those problems. Many of which I disagree with, but it’s demonstrably untrue they “ignored” it. The American people were just lied to successfully by the world’s biggest liar.
  - bombcar 2y ago
    I think the “ignored” is that the sitting VP was proposing policies for later that hadn’t been implemented! That was the biggest hurdle - she had to run as a dependent independent which is basically an impossibility.
    - mrguyorama 2y ago
      Meanwhile the guy who spent years crying about the border only to then instruct the Republican party to kill a bill meant to fix exactly that problem won so....
15155 2y ago
The global inflation in question was a result of the COVID over-response. I imagine the indirect deaths from negative economic impacts far exceeded the 0.1% IFR COVID-19 peaked at.
- llamaimperative 2y ago
  Which was neither an American nor a Democratic Party phenomenon, and again the US did better with recovery than anyone else by a huge margin. Revisionist history points toward COVID response being a left-wing thing, but there was almost zero variation in policy state to state. The only point of variation was school reopening schedules. The one thing that was knowably wrong to do at the time we did it was to deliberately slow down testing to keep Trump’s numbers looking good. Everything else was flying blind and to the extent we made mistakes (visible in retrospect), we made fewer of them than any of our peers.
  - 15155 2y ago
    > almost zero variation in policy state to state The Party told you to reject the evidence of your eyes and ears.. Did you visit any midwestern state during COVID? Florida? You can use the Google on the internet machine as much as you like and cherry-pick some leftist city in any state, but: broad/legally-enforced mask mandates, forced business closures, etc. were absolutely not happening in many areas of the United States.
  - School-Cotton 2y ago
    > there was almost zero variation in policy state to state. That’s not true, what on earth are you talking about? Everything was closed for way longer in New York than in Arizona for example.
  - ZeroGravitas 2y ago
    The vaccine was developed quickly under Trump. A genuine success he can claim happened under his rule. He stopped talking about it at rallies because his supporters boo-ed him whenever he mentioned it. We're partly at the mercy of his stupidity but also the stupidity (that we're not supposed to talk about apparently) of his most devoted voters.
thajkn 2y ago
It was partly a global man made issue because every country (including the U.S.) printed COVID money like crazy. It was the Supreme Court, staffed by Trump, who stopped the COVID madness with their vaccine mandate ruling. The other issue is that Biden and his cronies Nuland, Blinken, Sullivan et al. deliberately escalated the Ukraine situation in 2021/2022, with the well known consequences. Note that Zelensky himself begged Biden not to be too aggressive at the Munich summit in early 2022! If I were Ukrainian, I'd loathe Biden. The Biden administration mandated that their EU "allies" would participate in disastrous sanctions, which sent the EU into economic stagnation. The U.S. is safe because it has natural gas and the reserve currency, which means they can print money more easily. It is not to Biden's credit that the U.S. economy is comparatively better. I'd say that over 50% of Europe is very happy with the Trump victory, the EU press does not reflect public opinion.
- kmeisthax 2y ago
  Why would any European be happy with Trump winning[0]? The cornerstone of Trump's economic policy is shittons of tariffs that will cut the EU out of trading with the US and devastate them. [0] aside from "it gives us moral cover to start deporting citizens we don't like"
  - tkadf 2y ago
    He said that in 2016 and 2016-2019 were great years for Europe. He won't leave NATO either. He has less room to maneuver than people think. What he will probably do is reverse the insane foreign policies of the Biden administration and stop the world from burning. I think he'll deescalate the Ukraine and Taiwan situations. Probably he'll not attack Iran either even though he is said to be a bigger hawk on Israel than Biden. But he also has a sense for economics and will not want another oil crisis.
    - kmeisthax 2y ago
      If he has a sense for economics why does he want to put 20% tariffs on everything?
- 2y ago

dalmo3 2y ago

This is why the US is so great. You debase the dollar, the whole world suffers, and you can still claim "we've outperformed our peers". Fantastic.

llamaimperative 2y ago
The dollar traded at pretty stable levels through the 2020-2024 period, and most countries that could did similar things to their currencies as we did.
- throwaway2037 2y ago
  To be clear, it doesn't make sense to say "the dollar traded at pretty stable levels". You need an FX pair to make sense. There are three big, floating currencies in the world: USD, EUR, and JPY. These currencies are overwhelming used for international trade. The USD<->EUR FX rate has been quite stable (~1.10) for about 10 years. However, the JPY<->USD FX rates has risen dramatically since 2022.
  - llamaimperative 2y ago
    To be clear, it's obvious I'm saying across a basket of all FX pairs, the US traded at pretty stable levels. There is no sign at all of debasement. JPY, likewise, has performed terribly against a basket of all FX pairs. JPY is the outlier.
bluecalm 2y ago
One look at a currency prices chart disproves the "debasing" theory.

mschuster91 2y ago

People are still feeling it in their wallet every time they go grocery shopping. The greatest mistake of the Biden era was to ignore the cost of living explosion and the uncontrolled greed.

llamaimperative 2y ago
They absolutely didn’t ignore the cost of living explosion or uncontrolled greed. Kamala proposed several policies targeted at those problems. Many of which I disagree with, but it’s demonstrably untrue they “ignored” it. The American people were just lied to successfully by the world’s biggest liar.
- bombcar 2y ago
  I think the “ignored” is that the sitting VP was proposing policies for later that hadn’t been implemented! That was the biggest hurdle - she had to run as a dependent independent which is basically an impossibility.
  - mrguyorama 2y ago
    Meanwhile the guy who spent years crying about the border only to then instruct the Republican party to kill a bill meant to fix exactly that problem won so....

15155 2y ago

The global inflation in question was a result of the COVID over-response. I imagine the indirect deaths from negative economic impacts far exceeded the 0.1% IFR COVID-19 peaked at.

llamaimperative 2y ago
Which was neither an American nor a Democratic Party phenomenon, and again the US did better with recovery than anyone else by a huge margin. Revisionist history points toward COVID response being a left-wing thing, but there was almost zero variation in policy state to state. The only point of variation was school reopening schedules. The one thing that was knowably wrong to do at the time we did it was to deliberately slow down testing to keep Trump’s numbers looking good. Everything else was flying blind and to the extent we made mistakes (visible in retrospect), we made fewer of them than any of our peers.
- 15155 2y ago
  > almost zero variation in policy state to state The Party told you to reject the evidence of your eyes and ears.. Did you visit any midwestern state during COVID? Florida? You can use the Google on the internet machine as much as you like and cherry-pick some leftist city in any state, but: broad/legally-enforced mask mandates, forced business closures, etc. were absolutely not happening in many areas of the United States.
- School-Cotton 2y ago
  > there was almost zero variation in policy state to state. That’s not true, what on earth are you talking about? Everything was closed for way longer in New York than in Arizona for example.
- ZeroGravitas 2y ago
  The vaccine was developed quickly under Trump. A genuine success he can claim happened under his rule. He stopped talking about it at rallies because his supporters boo-ed him whenever he mentioned it. We're partly at the mercy of his stupidity but also the stupidity (that we're not supposed to talk about apparently) of his most devoted voters.

thajkn 2y ago

It was partly a global man made issue because every country (including the U.S.) printed COVID money like crazy. It was the Supreme Court, staffed by Trump, who stopped the COVID madness with their vaccine mandate ruling. The other issue is that Biden and his cronies Nuland, Blinken, Sullivan et al. deliberately escalated the Ukraine situation in 2021/2022, with the well known consequences. Note that Zelensky himself begged Biden not to be too aggressive at the Munich summit in early 2022! If I were Ukrainian, I'd loathe Biden. The Biden administration mandated that their EU "allies" would participate in disastrous sanctions, which sent the EU into economic stagnation. The U.S. is safe because it has natural gas and the reserve currency, which means they can print money more easily. It is not to Biden's credit that the U.S. economy is comparatively better. I'd say that over 50% of Europe is very happy with the Trump victory, the EU press does not reflect public opinion.

kmeisthax 2y ago
Why would any European be happy with Trump winning[0]? The cornerstone of Trump's economic policy is shittons of tariffs that will cut the EU out of trading with the US and devastate them. [0] aside from "it gives us moral cover to start deporting citizens we don't like"
- tkadf 2y ago
  He said that in 2016 and 2016-2019 were great years for Europe. He won't leave NATO either. He has less room to maneuver than people think. What he will probably do is reverse the insane foreign policies of the Biden administration and stop the world from burning. I think he'll deescalate the Ukraine and Taiwan situations. Probably he'll not attack Iran either even though he is said to be a bigger hawk on Israel than Biden. But he also has a sense for economics and will not want another oil crisis.
  - kmeisthax 2y ago
    If he has a sense for economics why does he want to put 20% tariffs on everything?
2y ago