Like a stretched rubber band reverberating, the economy exploded after the COVID epidemic, quickly heating up inflation. Other major factors outside Democrat's control also exacerbated inflation to a significant degree, like Trump's egregious mishandling of the pandemic, making the economic impact much worse, Putin's invasion of Ukraine,…
Like a stretched rubber band reverberating, the economy exploded after the COVID epidemic, quickly heating up inflation. Other major factors outside Democrat's control also exacerbated inflation to a significant degree, like Trump's egregious mishandling of the pandemic, making the economic impact much worse, Putin's invasion of Ukraine, creating uncertainty in the oil markets, and supply-chain disruptions when the world economy was largely shut down during the pandemic.
Biden's policies undeniably got the economy back on the right track, which eventually brought average inflation down to historically reasonable levels after an initial surge. Our economy is now the best in the world, even though gas, housing, and food prices are still too high, which Harris's proposed policies were laser-focused on getting back under control. Somehow, big corporate media seemed to mostly ignore that fact. And remember, wages have also risen considerably during Biden's administration, which mitigates the effects of inflation. People tend to forget that in their grossly misinformed narrative that Democrats are bad for the economy.
Sure, people certainly FEEL the effects of high food, gas, and housing prices. But "greedflation" is largely responsible — a phenomenon of excessive profit-taking by titans of industry, who, by the way, normally support Republicans and their despicable lies. But people THINK the economy is bad because that is what their Republican, lying, right-wing media sources have told them to think.
In actuality, Democrats have handed Republicans the gift of a robust economy, the envy of the world. (Thank you!) Now, we'll see what Trump and his lickspittle cronies will do with it. Hahahahaha...
Deepspace I am with Daniel above. The economy is just the excuse, as Daniel said the reall issue was hate, that is why the voters voted progressive then voted for Trump
Hate stems from fear. The fear is loss of the masculine imperative. Power over women. There are many women, maybe most, that perceive the man as their protector and provider. That was Trump's appeal to women when he said I am your protector and they voted for himwill voting for abortion.
The women who read and comment on Thom Hartman's substck and Robert Reich's are actually in the minority., as are the men who are not threatened with female empowerment.
I don't disagree; fear begets hate begets anger begets misogyny, xenophobia, racism, religeous bigotry, and all the rest of our darkest inclinations as flawed human beings. Autocrats thirsting after power know this full well and have been fanning the flames of our worst instincts since the dawn of civilization -- divide and conquer, works everytime. Today is no different. We really haven't advance much as a species, destroying our society and environment as a result, shitting in our own nest on a worldwide scale.
Deepspace, I like your word "greedflation," thank you. it will now be in my vocabulary. Economist like to talk about the push-pull forces of supply and demand, and the "equilibrium" and "invisible hand" of the market place; as though these things explain how prices behave. This is mostly BS. In a capitalist system which worships private ownership of the means of production, it is the the owners who raise prices, in their greed. It seems so obvious.
Like a stretched rubber band reverberating, the economy exploded after the COVID epidemic, quickly heating up inflation. Other major factors outside Democrat's control also exacerbated inflation to a significant degree, like Trump's egregious mishandling of the pandemic, making the economic impact much worse, Putin's invasion of Ukraine, creating uncertainty in the oil markets, and supply-chain disruptions when the world economy was largely shut down during the pandemic.
Biden's policies undeniably got the economy back on the right track, which eventually brought average inflation down to historically reasonable levels after an initial surge. Our economy is now the best in the world, even though gas, housing, and food prices are still too high, which Harris's proposed policies were laser-focused on getting back under control. Somehow, big corporate media seemed to mostly ignore that fact. And remember, wages have also risen considerably during Biden's administration, which mitigates the effects of inflation. People tend to forget that in their grossly misinformed narrative that Democrats are bad for the economy.
Sure, people certainly FEEL the effects of high food, gas, and housing prices. But "greedflation" is largely responsible — a phenomenon of excessive profit-taking by titans of industry, who, by the way, normally support Republicans and their despicable lies. But people THINK the economy is bad because that is what their Republican, lying, right-wing media sources have told them to think.
In actuality, Democrats have handed Republicans the gift of a robust economy, the envy of the world. (Thank you!) Now, we'll see what Trump and his lickspittle cronies will do with it. Hahahahaha...
Deepspace I am with Daniel above. The economy is just the excuse, as Daniel said the reall issue was hate, that is why the voters voted progressive then voted for Trump
Hate stems from fear. The fear is loss of the masculine imperative. Power over women. There are many women, maybe most, that perceive the man as their protector and provider. That was Trump's appeal to women when he said I am your protector and they voted for himwill voting for abortion.
The women who read and comment on Thom Hartman's substck and Robert Reich's are actually in the minority., as are the men who are not threatened with female empowerment.
I don't disagree; fear begets hate begets anger begets misogyny, xenophobia, racism, religeous bigotry, and all the rest of our darkest inclinations as flawed human beings. Autocrats thirsting after power know this full well and have been fanning the flames of our worst instincts since the dawn of civilization -- divide and conquer, works everytime. Today is no different. We really haven't advance much as a species, destroying our society and environment as a result, shitting in our own nest on a worldwide scale.
Deepspace, I like your word "greedflation," thank you. it will now be in my vocabulary. Economist like to talk about the push-pull forces of supply and demand, and the "equilibrium" and "invisible hand" of the market place; as though these things explain how prices behave. This is mostly BS. In a capitalist system which worships private ownership of the means of production, it is the the owners who raise prices, in their greed. It seems so obvious.
It is not my word; I just borrowed it because it succinctly encapsulates the issue. It's been around for a while.