Magnanamimous in Victory

[NotJoeBiden]

What policies of his will “fix” inflation and lead to economic prosperity? Right now inflating is around two and a half percent which is just about where we want it to be. Granted wages have not kept up with inflation so people feel the hurt, but he has no plans to increase wages and wants to weaken union’s power to negotiate for better wages and working conditions.

His planned tariffs and deportation will like raise the cost of goods. His tax cuts will increase the deficit and disproportionately benefit the richest Americans. His plans to remove regulations will allow companies, including big oil, to charge whatever they want. So drill baby drill wont lower the cost if he remove price gouging laws.

[Charles Fout]

For now, can we stop the bickering? I suggest we continue you this conversation in about six months. That will be mid-May. Looking forward to you saying - Yes, of course I'm loving this prosperity. Yes lets join together in UNITY! - Until then I am outtie on this thread. Meanwhile I'm finishing up my fall University of Chicago Basic Program classes and beginning my winter courses
This term I enrolled in an extra course: Music in American Lives: From Shakers to Suffragists. It is amazing in so many ways. It's music. It's It's history. It's anthropology. It's economics. The in-class discussions are collegial and enlightening. I am loving life-long learning. Chasing a liberal arts education just for the sake of learning. <3

[Duneranger]

https://www.youtube.com/watch?v=IQuUmIkvabw

LMAO

[LevelUP]

According to Polymarket, there’s a 94% chance that Republicans will hold at least a 220-215 majority in the House.

Decision Desk HQ projects Republicans will retain US House majority
https://www.reuters.com/world/us/republi...024-11-12/

[NotJoeBiden]

So nobody can list a single policy plan to “fix” inflation. Got it.

[LevelUP]

So nobody can list a single policy plan to “fix” inflation. Got it.

Maybe because you are probably right?

[sanantone]

What policies of his will “fix” inflation and lead to economic prosperity? Right now inflating is around two and a half percent which is just about where we want it to be. Granted wages have not kept up with inflation so people feel the hurt, but he has no plans to increase wages and wants to weaken union’s power to negotiate for better wages and working conditions.

His planned tariffs and deportation will like raise the cost of goods. His tax cuts will increase the deficit and disproportionately benefit the richest Americans. His plans to remove regulations will allow companies, including big oil, to charge whatever they want. So drill baby drill wont lower the cost if he remove price gouging laws.

One of the top searches after the election was "what is a tariff". Half the country doesn't understand anything. Half the country reads below the 7th grade level. In the past, college-educated people tended to vote Republican for lower taxes on higher incomes. The Republican Party's anti-intellectualism has pushed these people to the Democratic Party. We're currently seeing a realignment of voting populations.

During Trump's first administration, his tariffs caused soybean farmers to go bankrupt, and the suicide rate among them increased. We taxpayers had to spend billions to bail them out. When Trump applied tariffs to imported washing machines, the cost of foreign and domestic washing machines and dryers increased. We're still living under Trump's tariffs. Tariffs are hard to remove because they trigger retaliatory actions from the targeted countries. Trump is now promising across the board tariffs. This is not a fiscally conservative position. Fiscal conservatives believe in free trade.

[davewill]

I already know what will happen with the economy. The same thing that has always happened. The economy will continue to look rosy in the short term because the Biden administration stayed the course and managed to start reducing inflation WITHOUT causing unemployment to mushroom.

The Trump administration will cut taxes and make other concessions to business that will heat Wall Street up to a fever pitch, while doing nothing for the working class. This will balloon the deficit. The boom economy this creates will crater (because booms always beget busts) and we'll have to elect a new administration to clean up the mess. Again.

[sanantone]

I already know what will happen with the economy. The same thing that has always happened. The economy will continue to look rosy in the short term because the Biden administration stayed the course and managed to reduce inflation WITHOUT causing unemployment to mushroom.

The Trump administration will cut taxes and make other concessions to business that will heat Wall Street up to a fever pitch, while doing nothing for the working class. Meanwhile the deficit will balloon. Finally, the boom economy created will crater and we'll have to elect a new administration to clean up the mess. Again.

They don't know what a target inflation rate is, they don't know what caused the inflation (the pandemic), and they don't know that the world is dealing with inflation. They also don't know that the U.S., under Biden, had one of the fastest recoveries among developed nations from the pandemic economic crash. Half the country doesn't read the news. They operate off of vibes and rumors. 

Whether right, centrist, or left, people's perceptions of the economy are based on their biases for or against whoever is in office. The country went from being angry at Trump to being angry at Biden, and they'll go back to being angry at Trump. 

Right before Trump takes office, I will be posting the inflation rate, the unemployment rate, and links to graphs showing the trajectories so that low information voters can't engage in revisionist history. 

We're dealing with a cult of personality, and they believe that Trump was sent to us by God. It's very weird and scary. If there is a God, the pandemic would have been our punishment for electing a pathological liar and rapist.

[NotJoeBiden]

Thoughts and prayers