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What's frustrating is that a few years ago a recession was predicted, and we avoided that. But no one seems to have even mentioned it during the election. Am I

• hylaride 2y ago
  Also, the US is pretty much the only developed country growing at any meaningful rate (though deficit spending is probably a large cause of that and is arguably not sustainable at the current rate). Biden was past his prime and it showed during the campaign, though.
• wumeow 2y ago
  > But no one seems to have even mentioned it during the election That’s because most Americans believe we were in a recession. https://www.theguardian.com/us-news/article/2024/may/22/poll-economy-recession-biden https://www.theguardian.com/us-news/article/2024/may/22/poll...
  • llamaimperative 2y ago
    Even here on HN, the vibecession was in full tilt.
• seanmcdirmid 2y ago
  A lot of tech layoffs can be attributed to overhiring during the pandemic, the need to rebalance to more AI investments, and the end of low interest rates that encourage growth rather than efficiency.
• distortionfield 2y ago
  Right? Biden actually pulled off a soft landing and got inflation under control. Just couldn’t land that messaging by the time it mattered.
  • bdangubic 2y ago
    messaging is hard when prices never went down… you can’t send economist/finacial times article explaining what biden was able to pull of (albeit the raising deficit) to a farmer in oklahoma who is paying 80% more for his groceries…
    • distortionfield 2y ago
      The prices definitely did go down, just not to same levels as before. But I agree Biden failed to hit on that messaging though, and Kamala made the same mistake.
    • oh_my_goodness 2y ago
      It's not that hard to explain that prices stopped rising, which is what it means to kill inflation. Even Trump explained that point pretty clearly. After the election.
      • bdangubic 2y ago
        we’ll see how that will work in 2026 midterms :) he didn’t explain jackshit. he’ll try to play the word game which he also tried in 2018/2020 and we all know how that worked out
        • deleted 2y ago
          [deleted]
        • oh_my_goodness 2y ago
          It will probably work out fine in the elections, because Trump's followers trust him to do right by them even while he's lying. Time will tell whether they're correct.
          • bdangubic 2y ago
            Trump followers alone is nowhere near enough to win an election in the USA. It was somewhat easy to win this election. you had post-Covid economy coupled with half-senile 80+ year old grandpa who was replaced by a candidate not a soul voted for. however, when you are up for re-election (and midterms as 1/2-way gauge of how the country thinks you are doing) the buck stops with you. there is no “booo, it is not my fault” etc - american voter is not dumb in this regard. - responsible for deaths of 100’s of thousands of people - you, the President - locked everyone up for months in their homes for months, you, the President - locked kids out of school for months - you, the President - high un-employment - you, the President - increased deficit more than anyone could even possible fathom - you, the President - … the buck stops with you. core MAGAs might still fall for “anti-wokeness” but that will get you a loss by many millions of votes to an already half-senile grandpa (see 2020) :)
• datavirtue 2y ago
  You cannot predict these things.