Editorial: As US debt reaches the barely imaginable milestone of $40 trillion, America’s ability to meet its financial obligations – coupled with the reality that the global economy depends on decisions made in Washington – should concentrate White House minds on ending its consequential war with Iran
  • CharlesDarwin@lemmy.worldEnglish
    13·
    9 hours ago

    I still have no idea how conservatives maintain this illusion that they are “gud aht 'conomee” when there is just so little evidence of it. I guess we can thank the Murc’s Law Media for upholding that stupid narrative.

    The economy was going in all the right directions by the end of 2024. And then this asshole “won”. And all because people thought Biden was doing poorly on the economy.

    I just can’t even.

    🙄

    • SpaceCowboy@lemmy.ca
      8·
      8 hours ago

      Yeah Biden was actually good on the economy. People have become so ignorant of economics they think there’s a button the government has for “make economy good”. Nope, the inflation was caused by the free market, Biden got it down without it turning into a recession, stuck the soft landing.

      Trump could’ve done nothing and took credit for a good economy that he inherited from Biden. But instead he fucked it all up. He’ll probably blame Biden for that and a lot of people will believe that. Or believe the “late stage capitalism” bullshit they consume from social media.

      • CharlesDarwin@lemmy.worldEnglish
        1·
        6 hours ago

        Yeah Biden was actually good on the economy. People have become so ignorant of economics they think there’s a button the government has for “make economy good”. Nope, the inflation was caused by the free market, Biden got it down without it turning into a recession, stuck the soft landing.

        Yeah. People ignore or conveniently forget the effects of Covid on both the supply chain and people getting stimulus checks to keep them whole. And then, Russia attacked Ukraine, disrupting the oil supply…none of these things were something Biden had much control over. Unlike donnie starting a war with Iran…

        He’ll probably blame Biden for that and a lot of people will believe that.

        They have been doing it since day one. I get that his idiot goons have to repeat that they were handed an economy that was like someone in the emergency room because a truck backed over them (laughing *the fuck *out loud at that one), but for others to buy that shit and then repeat it?

        Or believe the “late stage capitalism” bullshit they consume from social media.

        Yeah, that tends to be one of the things that make my eyes roll up in my head. I’m no super-fan of capitalism, but not everything is “late stage capitalism”, FFS. I guess I was 14 once, too, but…Jesus. The amount of WELLAXTUALEEE people that pop up to do some half-assed armchair Communist critique after seemingly have read a pamphlet or watched some hot take is rather hilarious.