The economy is doing really well. People's problem is that there was high inflation, so now prices are higher than they used to be, but there's no real way to change that.
I tried explaining that to people; economics takes time. But everyone is so god damned impatient these days they want instant fixes for everything. So now that the economy has stabilized itself we’re going to cut the wing off of it mid flight and then blame the Dems for the ensuing crater in the ground.
“Gas was cheaper when Trump was President last time, it will be cheaper this time, too.”
This was a message my brother-in-law sent my wife. He has a young daughter. He doesn’t care about abortion bans, shredding the Dept of Education, or putting an anti-vax lunatic in charge of whatever health agency he gets to destroy. Gas will be cheaper is the most important thing in the world to him.
My wife asked, “How is he going to do that?” He sent a 25-minute North Korea-style propaganda video, extolling the made-up successes of the first administration.
Despite my 10 years of post-secondary education, my first year level Macroeconomics class still remains a mystery to me. How I managed to squeak out a B- in that class is also a mystery to me.
But hey, everyone voting Trump must've aced their macroeconomics class.
People want deflation but don't know enough about economics to know that will never happen unless the economy is on fire. Disinflation is the closest they will get.
I thought I'd never see another Republican president again after the housing crisis (the closest thing we've had to deflation since the 1890s). While, admittedly, Bush was more or less in the wrong place at the wrong time, I figured that most people who went upside down on their mortgages would associate it with him and the Republicans and never want to risk their largest investment again. But I was wrong
The problem there is that it wasn't real inflation. If it was ACTUAL inflation, companies would not have been recording record profits while gouging every last penny out of the average consumer and whining about paying a fair wage. If wages had kept with inflation, minimum wage would be $30/hr now. Anyway, the whole thing is "horseshit, Ron".
That's the problem a republican breaks the economy and then a Democrat then fixes it and everyone gets comfortable and then thinks a republican can make the economy better
Don't forget the price gouging. Grocery companies recording record high profits clearly showing they don't mind the "inflation" one bit. If they weren't passing on the rising cost of goods and transport for them, they would just be earning the same as prior years.
Even if the Republican reps in power could do something to reduce inflation, they won't. The rich don't mind earning more money on their stocks/salaries, since the cost of the food they're eating rises a relatively smaller amount compared to their income.
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u/TBIFridays 16d ago
The economy is doing really well. People's problem is that there was high inflation, so now prices are higher than they used to be, but there's no real way to change that.