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There's no such thing as 'soft landing' at the beginning trump received a ticking bomb from the biden admin, his best option is to trigger the bomb as soon as

by suraci 2y ago

There's no such thing as 'soft landing' at the beginning trump received a ticking bomb from the biden admin, his best option is to trigger the bomb as soon as possible, otherwise he would become the worst president since Hoover again, I'm not defending Trump. if Harris wins the election, she will also become the most failed president https://www.thedailyupside.com/economics/after-bashing-janet-yellens-approach-to-debt-issuance-bessent-keeps-it-for-now/ https://www.thedailyupside.com/economics/after-bashing-janet... https://www.cnbc.com/2024/08/21/nonfarm-payroll-growth-revised-down-by-818000-labor-department-says.html https://www.cnbc.com/2024/08/21/nonfarm-payroll-growth-revis...

sp_c 2y ago
This argument is tired and frustrating. I have heard it so many times. A new government comes to power promising a whole bunch, fails miserably, then says 'well I inherited this, it isn't my fault' and walks back all the promises (or just ignores them). If you want to make an argument that the state of the US economy is in peril, feel free, but dragging this common trope into the discussion doesn't help.
- rlnvlc 2y ago
  It is like those I-am-not-really-MAGA-pretenders forgot that Trump launched a nonsensical trade war against US allies, which has started all this drama in the first place.
- suraci 2y ago
  I'm not saying it's not trump's fault it's people like you saying it's not biden/dems' fault if the Biden admin can effectively control the deficit, if Powell can maintain the Fed's independence without cutting interest rates too soon, if Yellen can plan bond duration allocation with a long-term, nonpartisan strategy, a recession may occur during Biden's term, but its consequences will not be as severe. it's americans like you make all this happen by pardoning all the failure of the party you support believe it or not, i'm not a maga, i'm the one standing on the shore watching all this happening

by suraci 2y ago

sp_c 2y ago

This argument is tired and frustrating. I have heard it so many times. A new government comes to power promising a whole bunch, fails miserably, then says 'well I inherited this, it isn't my fault' and walks back all the promises (or just ignores them). If you want to make an argument that the state of the US economy is in peril, feel free, but dragging this common trope into the discussion doesn't help.

rlnvlc 2y ago
It is like those I-am-not-really-MAGA-pretenders forgot that Trump launched a nonsensical trade war against US allies, which has started all this drama in the first place.
suraci 2y ago
I'm not saying it's not trump's fault it's people like you saying it's not biden/dems' fault if the Biden admin can effectively control the deficit, if Powell can maintain the Fed's independence without cutting interest rates too soon, if Yellen can plan bond duration allocation with a long-term, nonpartisan strategy, a recession may occur during Biden's term, but its consequences will not be as severe. it's americans like you make all this happen by pardoning all the failure of the party you support believe it or not, i'm not a maga, i'm the one standing on the shore watching all this happening