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Your first paragraph should be printed, framed, and put in a museum as a perfect example of why the Biden-Harris messaging around the economy fell flat. Nobody
by pc86 2y ago
Your first paragraph should be printed, framed, and put in a museum as a perfect example of why the Biden-Harris messaging around the economy fell flat. Nobody gives a shit if unemployment is down and GDP is up when a pizza that was $10 3 years ago is $15 now. The answer to someone saying that they can't afford as much as they could a few years ago is not to tell them that they're wrong.
Her housing credit suggestion a) was less than the amount the median home price increased by under Biden, and b) would have only served to increase the price of housing further by increasing the supply of money available, exactly the same thing ZIRP did.
- slothtrop 2y agoI'm not referring to the credit. She had proposals to boost supply. Tax incentives for builders that build starter homes sold to first-time buyers An expansion of a tax incentive for building affordable rental housing. A new $40 billion innovation fund to spur innovative housing construction. To repurpose some federal land for affordable housing. To remove tax benefits for investors who buy large numbers of single-family rental homes. as per - https://www.noahpinion.blog/p/harris-has-the-right-idea-on-housing https://www.noahpinion.blog/p/harris-has-the-right-idea-on-h...
- SV_BubbleTime 2y ago> I'm not referring to the credit. She had [all these things] … that people didn’t believe. She ran for her first 50 days claiming Bidenomics was working. That term was so stupid I thought it was a joke that conservatives made up. Surely they weren’t trying to say the economy was good right? Well, no surprises on my end last night.
- slothtrop 2y agoThey plainly had no awareness of them, nevermind believe, but even if they did it probably would not have sufficed for the aforementioned reasons. Like you said, no surprises.