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His cult don't matter though. It's the 5-20% of Americans that don't consistently vote for a single party that matter. They've already been convinced that i
by bryanlarsen 2y ago
His cult don't matter though. It's the 5-20% of Americans that don't consistently vote for a single party that matter. They've already been convinced that inflation was Biden's fault -- keeping the blame on Biden might be possible.
- JumpCrisscross 2y ago> They've already been convinced that inflation was Biden's fault It was. Manchin was right. The MMT gang overstimulated the economy in ‘21 and then didn’t pass deflationary tax increases or spending cuts once the problem reared its head.
- bryanlarsen 2y agoIf that was the major cause, then inflation would have been lower in countries like Germany that didn't overstimulate. Instead those countries had higher inflation.
- JumpCrisscross 2y ago> then inflation would have been lower in countries like Germany that didn't overstimulate Germany massively stimulated to the tune of 15% (fiscal) and 25% (guarantees) of GDP [1]. [1] https://www.imf.org/en/Topics/imf-and-covid19/Fiscal-Policies-Database-in-Response-to-COVID-19 https://www.imf.org/en/Topics/imf-and-covid19/Fiscal-Policie...
- bryanlarsen 2y agoThose numbers are significantly smaller than the American numbers, yes? Also, Germany kept their deficit under 3%.
- JumpCrisscross 2y ago> numbers are significantly smaller than the American numbers, yes? 15 and 25% versus 25% and under 3% strike me as in the same ballpark. > Germany kept their deficit under 3% Now. Not in the pandemic [1]. [1] https://www.imf.org/external/datamapper/GGXCNL_NGDP@WEO/DEU https://www.imf.org/external/datamapper/GGXCNL_NGDP@WEO/DEU
- toomuchtodo 2y agoGovernment spending drove a material amount of inflation during the pandemic, but other factors contributed as well (expectations, supply chain dysfunction, corporate profits). https://www.washingtonpost.com/us-policy/2022/10/09/inflation-economy-biden-covid/ https://www.washingtonpost.com/us-policy/2022/10/09/inflatio... https://mitsloan.mit.edu/ideas-made-to-matter/federal-spending-was-responsible-2022-spike-inflation-research-shows https://mitsloan.mit.edu/ideas-made-to-matter/federal-spendi... https://globalmarkets.statestreet.com/research/portal/insights/article/b33217d1-9024-4b6b-89dd-8e18aab501b8 https://globalmarkets.statestreet.com/research/portal/insigh... https://www.brookings.edu/articles/covid-19-inflation-was-a-supply-shock/ https://www.brookings.edu/articles/covid-19-inflation-was-a-... https://www.thebignewsletter.com/p/on-inflation-its-the-monopoly-profits https://www.thebignewsletter.com/p/on-inflation-its-the-mono... https://www.thebignewsletter.com/p/corporate-profits-drive-60-of-inflation https://www.thebignewsletter.com/p/corporate-profits-drive-6...
- JumpCrisscross 2y ago> Government spending drove <50% of ~2022 inflation Totally. But if prices were up under 18% (3.5%/y) over the last five years instead of 37% (6.6%) [1], I don’t think we’d have Trump. [1] https://fred.stlouisfed.org/series/PCE https://fred.stlouisfed.org/series/PCE
- toomuchtodo 2y agoI disagree. We'd have Trump regardless. Prices are an excuse, these voters are voting their identity, their tribalism, and their bitterness. Look no further than every interview with a regretful Trump voter: "I didn't think I'd lose my job." "I didn't they they would deport my family member." This is no different than "The only moral abortion is my abortion." Unless they are personally impacted by the policy, they vote their harmful belief system. > “He’s not hurting the people he needs to be”: a Trump voter says the quiet part out loud https://www.vox.com/policy-and-politics/2019/1/8/18173678/trump-shutdown-voter-florida https://www.vox.com/policy-and-politics/2019/1/8/18173678/tr... https://www.theguardian.com/us-news/2025/jan/11/there-are-a-lot-of-bitter-people-here-im-one-of-them-rust-belt-voters-on-why-they-backed-trump-again-despite-his-broken-promises https://www.theguardian.com/us-news/2025/jan/11/there-are-a-...
- LastTrain 2y agoNot sure you're paying attention but they wouldn't bat an eye at not certifying an election or two.
- kevin_thibedeau 2y agoIt's consistently voting for a single party that gets us into this trouble. I wish I had sane Republicans to vote for to squelch the corrupt politicians on the other side. They've all run for the shadows and let MAGA take over the party as if Animal Farm was a howto guide.