this post was submitted on 12 Dec 2024
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politics

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Summary

President Joe Biden touted his administration’s economic recovery efforts, citing job growth, reduced inflation, and infrastructure investments, as he prepares to hand off a strong economy to Donald Trump.

Biden criticized Trump’s proposed steep tariffs on imports, warning they could harm the economy and reintroduce inflation.

Trump plans tariffs against China, Mexico, and Canada, raising concerns about trade disruptions similar to those seen during his first term.

Economists caution that such policies could quickly reverse recent economic gains and weaken the U.S. economy.

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[–] [email protected] 133 points 1 month ago (4 children)

We've been doing this seesaw for the last 30 years. Republicans are that guy we've all seen at work who gets nothing done but gets credit for everyone else's work, and fails up because of it.

[–] Clinicallydepressedpoochie 9 points 1 month ago* (last edited 1 month ago)

It truly is a Homer Simpson v Frank Grimes situation. With the DNC being Frank Grimes Im praying for the day they actually lose it.

[–] b3an 8 points 1 month ago

What really irks me about this, is that the progression forward is then twice as slow because it’s two steps forward one step back, two steps forward one step back. This is not how to run a fucking country.

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[–] [email protected] 65 points 1 month ago (8 children)

Just do another round of stimulus check and let Donny deal with the bill. 😏

[–] Today 15 points 1 month ago (1 children)
[–] Blue_Morpho 16 points 1 month ago (1 children)

And this time put Joe Biden's name on the checks.

[–] [email protected] 14 points 1 month ago

"We'll allow it, but only for corporate America and those making >$500k/year" -Sinema and Manchin

[–] [email protected] 15 points 1 month ago (1 children)

This would be the best way to end the last 20 days, and mass parsons because fuck it whynot

[–] [email protected] 15 points 1 month ago (4 children)

The best way to end it is for Biden to have Trump and friends disappeared to a CIA black site.

[–] [email protected] 8 points 1 month ago (2 children)

That's a totally legal, and very cool thing to do.

The supremely corrupt court hath made the president into a king with unchecked power to slaughter the entire United States.

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[–] [email protected] 7 points 1 month ago

Here comes Biden with the steel chair!

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[–] [email protected] 50 points 1 month ago (1 children)

more like stabilize. without the second term to actually make some progress this is going to go in the shitter fast.

[–] [email protected] 12 points 1 month ago (2 children)

People really can’t understand the economy turns like the Titanic. Trump fucked it, but we didn’t see the real effects until Biden’s term. We were heading into another Great Depression, and coupled with the effects of Covid, people massively underestimate how well the economy actually did under Biden.

Trump will coast on the Biden administration’s success for a while, and will take the credit. Once he fully fucks everything (and IF there are fair elections in 2028, which doesn’t seem likely), a future democratic administration will be blamed for the effects of trump’s fuckery. Repeat ad infinitum.

That’s how it’s worked for a century, and uninformed voters will always fall for it.

[–] [email protected] 4 points 1 month ago

Are you implying the president's desk does not come with a big green Fix the Economy and a big red Ruin the Economy button?

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[–] [email protected] 43 points 1 month ago* (last edited 1 month ago) (2 children)

You thought inflation was bad. Get ready for Trumpflation.

I guess that's better then renaming the war economy "Bidenomics"

Grow food if you can now folks shit is about to get bad. Buy flour in mass if you can.

[–] krashmo 15 points 1 month ago (8 children)

Not flour, unground wheat berries. Cheaper to buy in bulk with a much longer shelf life.

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[–] [email protected] 38 points 1 month ago (10 children)

If the democrats are so sick of getting swapped out maybe they should field some decent candidates.

[–] [email protected] 34 points 1 month ago* (last edited 1 month ago) (6 children)

Unless your idea of a good candidate is George Clooney or Oprah than this isn't a problem that can be fixed with 'better candidates'.

[–] [email protected] 35 points 1 month ago

Those answers make me unreasonably angry. The absolute stupidity is astounding.

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[–] CitricBase 21 points 1 month ago (2 children)

If voters demonstrated one thing this year, it's that the decency of the candidate is utterly irrelevant.

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[–] SatansMaggotyCumFart 9 points 1 month ago (6 children)

There was nothing wrong with Harris except seven million people who voted for Biden weren't ready for her to become president.

[–] BaldManGoomba 8 points 1 month ago (1 children)

It is more like 250k in 4 states that flipped.

[–] SatansMaggotyCumFart 4 points 1 month ago (1 children)

Harris got about seven million less votes then Biden.

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[–] [email protected] 4 points 1 month ago (1 children)

There was nothing wrong with Harris except seven million people who voted for Biden weren’t ready for her to become president.

I didn't enjoy what she did as district attorney. I would also argue if she was not electable in 2024, then she doesn't meet the bar of a "good candidate". Now her viability is irrelevant entirely, unless she plans to run in 2028.

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[–] [email protected] 28 points 1 month ago (3 children)

It basically happens every cycle, easy to go back all the way to George Bush Sr -> Clinton ( if not earlier).

But the problem is, the current economic boom is even more K-shaped than any other in recent history; half of the population are struggling worse than before, but their plight is masked by an incredible boom for the other half.

I can’t blame the working class for thinking back to ~2016, and remembering things fondly.

Trump will only make the current situation worse, but I can at least understand how the US ended up in its current predicament.

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[–] [email protected] 21 points 1 month ago (1 children)

And we have several pandemic vectors on the rise - again. Well, with one major change, we now have a vaccine denialist in charge of core agencies. Prospects look good for the vulture industries.

[–] finitebanjo 5 points 1 month ago

And one of the new viruses has a fatality rate above 50% in livestock, probably doesn't bode well for humans.

If there is a god maybe the covid was just a booster virus to get the smart portion of humanity prepped for the real plague, lol.

[–] Allonzee 16 points 1 month ago* (last edited 1 month ago) (1 children)

I see it more as speed of descent.

I'm of the opinion this country is sold, and died about half a century ago as a democracy, and this is just leftover momentum. All but waned momemtum.

Our vote isn't on whether to reorient the economy to reflect the priorities of its citizens, merely how, and if at all, to manage some of the social issue symptoms of our crumbling commons, the ruins of public education, as the owners search for new vectors of exploitation.

I see voting blue as akin to requesting we leave the water pumps turned on for this sinking ship to buy time(D), and voting red a vote turn them off because some passengers have been deluded into hating other passengers and really, really want to watch them drown(R) despite being in the same boat with them.

The holes are our economic policy, but ask either party about patching them and you'll get something akin to "What holes? This ship is unsinkable! If you think there's holes, you're the problem."

Dont worry though, there are lifeboats, just enough for the politicians and their donors. Wealth means not having any national allegience.

[–] PugJesus 4 points 1 month ago (1 children)

The poor man really has a stake in the country. The rich man hasn't; he can go away to New Guinea in a yacht.

GK Chesterton, The Man Who Was Thursday, 1908

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[–] Maggoty 12 points 1 month ago

Lmao, he rebuilt the stock market.

That is not the economy.

[–] eran_morad 4 points 1 month ago (1 children)

i'm holding a huge cash position, waiting for the inevitable downturn to buy up assets.

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