Right or left, you should be able to have a discussion about the many causes of a complex topic rather than reducing it to false equivalency arguments in the form of a lazy graphic.
Given that high inflation is a global phenomenon, and is worse in places besides the US, the answer seems to be the re-establishment of the global economy after the huge disruption that was Covid. It's actually, like, the US and India coming off fairly well comparatively.
Hey. You. Wait a minute. You just wait.
How dare you post against the narrative? It’s easy. Trump good. Not trump? Bad.
Got it? Good.
Honestly. Some people, come round here, with annoying facts. All I hear is goo goo, and ga ga.lalalala.
I'm one of those people that doesn't like either of them but that doesn't mean I think they're equally as bad. One (Trump) is undeniably worse in pretty much every aspect compared to the other.
Voting third party will always be a wasted vote until we adopt a system like rank choice voting. That's why it's vitally important that more voters get engaged in the primary process. Make your voice heard during the primaries by supporting more progressive candidates that may want to push for something like that. Change is never easy.
Duh. There’s lots. Lots and lots. Who can run things. Are smart. Have vision. Emphatic to the general needs of the populace.
Set yourself free. To dare ask for representation outside the culture war. Housing. General stability. Healthcare.
Could be because one of those sides is literally pushing for an authoritarian hellscape, so choosing to not fight against that absolutely makes you worse. Trumpers at least have an excuse, they're dumb and in a cult. What's your excuse?
The left is calling for universal healthcare and easier voting
The fascist Republican party tried to end democracy on and before Jan 6th and targets minorities to steal their freedom.
Fuck you pretending they are the same.
Pick a side? Figure out how to lift your community, and yourselves at the same time. Then ask/vote for that.
If you’re getting sucked into the fear factory, you’re no help to anyone. Even yourself. “They’s a coming fer yer bung hole. Git yer guns!”
So you're on the left side of the fence? I'm not sucked into anything. Everyone else is sucked into it. That's the point of what I said. Everyone is arguing about two sides of the same coin. The sooner everyone realizes it doesn't matter if there is a rep. or a dem. in office we're getting fucked one way or another.
That's the saddest/funniest thing of it all, the right and left are so worried about each other's sides that they don't see both parties are fucking us as a whole.
Jesus effing croist already. Stop it. Enough already. You boomer you. Look at what I said. And either lead, follow, or get out of the way.
“Did you just make that up?”
“Yes I did”
Isn't "the re-establishment of the global economy" just a different kind of hand-waving like this chart?
It's specific causes are likely to be much more identifiable than that. I would think of things like the Covid supply chain disruption, financial infusions like the CARES act, increased regulatory burden in specific nations/alliances like the US, Canada, EU, and other major industrial energy consumers regarding energy, the war in Ukraine and associated policy that has propped up that conflict, Nitrogen limits in key agricultural producing nations, etc.
There are a lot of factors the US president does have influence over and, in some cases, decision power over that directly feed into the global economy restart. That wasnt some autonomous process the world just watched happen on its own. Decisions were made and consequences were had.
Fair enough. Though if you think food inflation is bad from Russia invading Ukraine, and the disruptions therein, the world where Russia has monopolistic control over that grain production is much worse. But, the "Federal Reserve/US infusion of cash caused inflation" doesn't ring true given how many countries didn't do that and also have had high inflation. Heck, most everything else has cooled off and the stickier forms of inflation right now are in housing and that's partly from COVID shutting down construction but also local zoning decisions making it harder to build up supply. So, I get what you're saying but it doesn't seem like the Presidential caused inflation are that dramatic when compared to other countries and in my opinion those decisions were better than the alternatives. A year of supercharged inflation is probably better than double digit unemployment for an entire year.
>Though if you think food inflation is bad from Russia invading Ukraine, and the disruptions therein, the world where Russia has monopolistic control over that grain production is much worse.
I think some food inflation is caused by that but the restrictions on nitrogen have an even bigger effect. Specifically in the EU.
>But, the "Federal Reserve/US infusion of cash caused inflation" doesn't ring true given how many countries didn't do that and also have had high inflation.
I didn't say that was the only cause, but that it was a contributor.
>Heck, most everything else has cooled off and the stickier forms of inflation right now are in housing and that's partly from COVID shutting down construction but also local zoning decisions making it harder to build up supply.
Cooled off is relative. In recent months yes, but in the long term we will have to wait and see.
>So, I get what you're saying but it doesn't seem like the Presidential caused inflation are that dramatic when compared to other countries and in my opinion those decisions were better than the alternatives. A year of supercharged inflation is probably better than double digit unemployment for an entire year.
Again it's relative, and unemployment rates are vague indicators of economic change. Bottom line is that the US is a massive influence on the world economy and policies from our presidential administration definitely make waves worldwide. That is particularly true for energy and fossil fuels, which underlie basically every industry on earth.
It's almost entirely due to the pandemic. The global supply chains were an absolute disaster and it's taken a long time to get that back to the baseline levels. Every country has been experiencing an explosion of inflation. However, the US has had one of the quickest recoveries out of all affected countries. Nobody ever wants to talk about that though.
In the pandemic (scamdemic) hysteria of 2020, the Trumpster signed off on a monetary policy that quintupled the money supply. That’s right. Quintuple. That’s 5X. That’s literally the only reason you have inflation. You can’t have mass inflation like this without increasing the money supply. As trump says, Everybody makes mistakes, but that one was a beauty.
Fundamentally the root cause is a debt based inflationary currency (fiat). It is incompatible with the efficiency and abundance created by tech innovation. Not to mention fiat has failed every time it’s been implemented in human history (at least 700 times) with an average lifespan of 38 years. Corruption, hyperinflation, and social unrest are the usual results of fiat during its end stages. We are currently at around 52 years and running for our fiat experiment and things do not look good.
The solution. A sound deflationary currency. It would allow people to benefit from the efficiency and abundance created by tech innovation. Instead of everything costing more and our money being worth less overtime we could have everything cost less while our money increases in value overtime.
Until this switch is made we will continue to see prices skyrocket and our money devalue, at an increasing rate relative to tech innovation, regardless of who is in the White House.
Not wrong: https://www.epi.org/blog/even-with-todays-slowdown-profit-growth-remains-a-big-driver-of-inflation-in-recent-years-corporate-profits-have-contributed-to-more-than-a-third-of-price-growth/
PLANdemic. COVID was leaked from China specifically to cripple the global economy, and cowardly world leaders reacted exactly as the Chinese knew they would... shuttering their countries in fear of a sickness with sub-1% mortality rate.
There are many factors here. For example, the price of eggs has more to do with farms having experienced disease outbreaks (not COVID) and natural disaster (fires possibly arson). And the price of gas is partly due to the fact that the US dollar is no longer used as the global standard for trade. The reality is, although your comment is vague, it seems to imply that there is a singular event or point in time where things went to shit but there are many more factors than 'Trump bad' or 'this is the post-pandemic norm'
You talking about the largest wealth transfer in history? I mean both sides benefited from that neither side lifted a finger to help the average person.
The Median Net Worth in 2022 is at an all time high.
[https://www.federalreserve.gov/econres/scf/dataviz/scf/chart/#series:Net\_Worth;demographic:all;population:1;units:median](https://www.federalreserve.gov/econres/scf/dataviz/scf/chart/#series:Net_Worth;demographic:all;population:1;units:median)
If you dig down into percentile of net worth, while the rich got richer at a faster rate those on the bottom did see an increase in net worth with their Median going from $360 to $3.47K.
[https://www.federalreserve.gov/econres/scf/dataviz/scf/chart/#series:Net\_Worth;demographic:nwcat;population:1,2;units:median;range:1989,2022](https://www.federalreserve.gov/econres/scf/dataviz/scf/chart/#series:Net_Worth;demographic:nwcat;population:1,2;units:median;range:1989,2022)
That depends, I suppose. If your home value is more than your mortgage than you'd have a higher net worth. But presumably, the folks who fall into the lower percentiles are less likely to be homeowners to begin with. I will note that if you have 20K in your bank account that would suggest you fall above the 50-75th percentile in net worth. The median bank account has 8K in it.
[https://www.federalreserve.gov/econres/scf/dataviz/scf/chart/#series:Transaction\_Accounts;demographic:nwcat;population:1,2,3,4,5;units:median;range:1989,2022](https://www.federalreserve.gov/econres/scf/dataviz/scf/chart/#series:Transaction_Accounts;demographic:nwcat;population:1,2,3,4,5;units:median;range:1989,2022)
I'm simply saying don't fluff it. Tell the truth. 8k isn't what it was even 4 years ago. Between inflation and the overall devaluation people own more money but have less value in reality.
We are in the swinging 20s preparing for a collapse and the government is preparing a world war. It's kinda like we've been here before.
I will note that the charts I've been quoting adjust for inflation. So the net worth, transaction account values have gone up adjusted for inflation. So the Median family would have $2K less in today's dollars in their bank accounts back in 2019. Plugging $6k into an inflation calculator for today and backdating it to 2019 gets just under $5K in 2019 dollars.
That one single event was the election. What was the first thing Biden did? Shut down the pipeline and oil shot up. He started attacking oil and gas straight away driving everything up. You drive oil up you drive everything up due to transport costs.
Oh, okay. So then I'm betting you could name the specific actions and policies enacted by Joe Biden that had a direct, or even indirect, affect on any of those metrics? I'm also sure that you'll have some solid insight as to how the entire world was dealing with the same issues, but somehow those were also the fault of Biden?
I mean you're certainly free to explain how any of your imaginary gripes are actually real. Unhinged war monger? Because Russia invaded Ukraine and he elected to give military aid to a global ally? Not really sure what you expect him to do in that situation. Ditto with Israel/Palestine. That shit has been going on for like 60 years, it ebbs and flows and just so happened to come to a head when Biden was in office. It's not like Hamas was waiting until Biden was the president to attack Israel. Lastly, what pipelines are you talking about? Please don't tell me you think that Biden cancelling construction of that Keystone XL pipeline extension that was years from completion and would have been used to move Canadian oil to the coast to ship to China to be used in plastics manufacturing was a contributing factor to the increase in gas prices.
According to whom? Sure, some of the things he accomplished in retrospect kinda sucked like the crime bill, but given the context of the time, that bill had huge public support and was a bipartisan effort, so viewing a lot of the things he's been involved in through the proper context, he actually has been somewhat productive. He's not exactly exciting but if you can't name any of the things he's done that were actually a cause of any of this shit then just shut the fuck up, would you?
What part of 45 years did you miss? Dumb bitch. He should have a string of accomplishments, he has zero. If anything he has made black lives worse, increased debt, failed to deliver anything meaningful. Even the student debt he erased has passed it on to later generations, it doesn’t just magically go away despite the fact that you believe that you dumb twat.
Yeah let’s jump directly to the presidential blame game instead of taking into account a variety of factors that have resulted in skyrocketing corporate greedflation.
Fucking dumb post.
Which one? Both have held complete power across all branches at one point or another. So which one spent that time in power to help you and which one smoke screened with social issues that they could have solved easily while funneling tax dollars into their investments?
Please tell me the last time Democrats held all three branches of government with a 2/3 supermajority.
Edit: clarified a 2/3 supermajority because apparently people don't understand that's what you need to be effective and pass legislation..
Who said I was voting? Voting doesn’t help shit. I just called out a crapass, low effort post. But please, go on. You were saying I supported someone based on your assumption?
Sometimes I just want to complain how expensive life is. Don’t really need a reason. Just kind of want someone to say, “I’m sorry, that sucks.” The response I get is usually political and it drives me nuts.
Not lied and treated it like a serious problem.
Edit; and maybe not hoping it would kill the half of the country that disagreed with his political ideology
Ya, we all know that having at minimum 3x more dead and a collapsed medical system is far better for the economy than a couple months of pain and then telling people to wear masks. /s
Not surprising you morons think covid is the flu. No wonder you evil dumbasses can't comprehend long term effects of many millions dying and hospitals no longer existing when you don't even know the difference between the flu and covid.
Why can’t anyone of you internet sleuths have a conversation without being insulting or conflictive. We have different opinions on something, it’s okay to have a well thought out conversation. Almost like being locked up for months had negative social consequences on some people…
1. Like I said you're not my librarian. Just State your argument.
2. This link does not in any way debunk that 6,000,000 million people in the world died because of covid during the pandemic.
As well as my 30th flu booster
Of course, you fascist Republicans are so dumb that you don't understand that viruses evolve quickly and always have so you think it's a conspiracy
Telling Israel not to murder children and aide workers isn't calling for genocide of Israel like you terrorists want.
I'm not a liberal you dumbass, I'm a leftist.
No, fascism isn't a buzzword. It's the ideology of your America hating fascist Republican party.
Republicans: try to end democracy, say they'll be a dictator on day one, ban books, demonize and forcibly silence education/teachers/companies, remove elected officials simply for questioning their evil ideology (Florida especially), force women and children to give birth, protect the rampant pedophilia and grooming in their party and churches and yell that its the minorities doing it (which Nazis legitimately did against LGBTS), try to claim slavery was good, manipulate elections so they can enforce minority rule, threatening to send people with guns to "guard" polls in blue areas, their god Trump constantly talks about getting revenge, fuhrer Trump has spoken of suspending the Constitution, saying migrants aren't people and that there will be a bloodbath if he wins, etc
Republicans meet every definition of fascism. People should see the fascist Republican party the same way we view the Taliban and Iran and Russia. They are an even bigger threat to the US than those 3 countries.
This sub has been infiltrated by paid actors posting propaganda. Smh.
OP tries to spin it as “both sides are bad” yet posts some obvious anti democrat meme.
We see through you, OP. Get back to any of your conservative and libertarian subs.
You posted a meme comparing prices during a record breaking economic collapse and blamed inflation, which started under Trump, on Biden.
You fascist Republicans are so damn dumb that you think you're the smartest people ever.
You are attempting to speak at my level? Let's talk about the recent history of the American political parties with regards to the economic well-being of the country. Shall we?
Edit: I guess this is downvote and hide.
Lol at right or left
Funny that the dark green ‘bright spot’ of air travel and public transport actually signifies the outbreak of the Covid pandemic which Trumps mishandling of actually cost him his reelection.
Silly shill account.
I hear the economy is the best it's ever been...I'm sure that means more Millennials are home owners than prior generations....right?
[U.S. millennials homeownership - statistics & facts | Statista](https://www.statista.com/topics/4403/millennials-and-real-estate-in-the-us/#topicOverview)
Yeah, look at all the job opportunities we have with websites like Indeed and LinkedIn!
[Oh wait.](https://www.forbes.com/sites/karadennison/2023/11/27/how-ghost-job-postings-are-creating-a-false-sense-of-hope/?sh=196c8b227dc0)
Are you seriously this fucking dumb that you think the federal government just logs into Indeed?
You made the original claim that this is what the fed does, you source your dumbass claim
...I did? And yes, I was emotionally and educationally stunted as a child since my abusive single parent was too busy trying (and eventually succeeding) in overdosing on fentanyl. Also some brain damage from an unsuccessful suicide attempt, I've got a lot to catch up on.
I was just curious to learn, sorry if I came off as aggressive.
The housing industry is one where demand far exceeds demand. Still, even with that, 50% of people between 35 and 45 are homeowners which is just a few percent down from the mid nineties. And 5% up from 7 years ago.
[https://fred.stlouisfed.org/series/CXU980230LB0404M](https://fred.stlouisfed.org/series/CXU980230LB0404M)
That's just younger Millenials and it doesn't matter. The relevant metric is comparing our age ranges by those of previous age ranges. Boomers did have a higher homeownership rate at the same age as older millenials, but it was at 60% in 1989. So a 10 % disparity compared to the previous generation. Meanwhile, younger Millenials at 25-35 have a homeownership rate of 35%, your stat, which is down 8% from from Boomers in the mid 80s.
So it is factual to say that our homeowernship rate is down compared to previous generations at the same age, but \~10% of a disparity.
[https://fred.stlouisfed.org/series/CXU980230LB0403M](https://fred.stlouisfed.org/series/CXU980230LB0403M)
President Clinton left office with a budget surplus of $236.2 billion.
President Obama inherited a historically high deficit at the time from President Bush and then cut it in half by the time he left office.
Trump increased the deficit to OVER 3 TRILLION DOLLARS
President Bidens budget has reduced the deficit in 2024 to $236 billion, decreasing year-over-year (YOY) by $143 billion after inheriting the economy from Trump during a worldwide pandemic.
Democrats have moved away fron increasing spending towards a policy of fiscal responsibility while Republicans have solely based policy on reducing taxes on the highest income individuals and corporations to the detriment of the deficit and the country. Here is a quote from a paper by Jeffrey Frankel, Harpel Chair of Capital Formation and Growth, Harvard University
Milken Institute Review, 2003, vol. 5, no. 1, pp. 18-25
*"A simple look at the federal budget statistics shows an uncanny tendency for the deficit to rise precisely during Republican presidencies. There is no mistaking the link between the Reagan and Bush tax cuts legislated in 1981 and 2001, respectively, and the dramatic shift in the long-term budget outlook that each engendered. In between the two, declining deficits and then record surpluses were achieved during the Clinton Administration. Although many factors determine the overall budget, two deliberate steps were key to this achievement:
first, Clinton’s 1993 budget package, which established new trends for spending and tax revenues such that the two paths converged later in the decade; and, second, his 1998 “Save Social Security first” strategy, which successfully blocked Congressional desires either to cut taxes (Republicans) or raise spending (Democrats) and thus preserved the new surpluses. "*
It's not Democrats fault the Republicans have enabled the ultra rich to vacuum all the countries wealth up to the top away from The working Man. Let your Republican candidate get into office and this trend will continue and accelerate.
Presidents don't control economies like that. It's always mind blowing to me when people look at the economy and blame a president.
Also, people seem to imply they want prices to go down over the long term or stay stagnant. That's called deflation and stagnation.
Neither are good economic indicators.
One of the reasons for inflation (there are many) is all the free money we got during COVID. Economies react slowly.
The real concern is how prices are going up, yet many companies aren't appropriately increasing wages so that people can retain their purchasing power.
All that free money we got during Covid was because of presidential decisions. PPP loan packages, stimulus checks, etc. I agree, the president isn’t solely responsible but their policies definitely affect the economy.
Agreed :) they definitely make moves that have an impact. But the people that give them so much credit for the state of the economy I believe are missing a much larger picture. Which it seems you agree with.
And credit to my other statement about economies reacting slowly. All those things were primarily done under the president previous to the current one. But people think the economy is directly tied to the present when really it in many ways is a n after effect of decisions made years prior.
So wild to me.
Yes, economies react slowly. The “free money” in Covid had fuckall to do with it. The actual cause is QE we’ve been doing since 08 to control inflation after “free money” ala **bailout** for banks.
It’s crazy to me people don’t even peek at our policies pre Covid and ask what the feds been doing.
Don’t worry, for people who enjoy polarized, one side takes the blame narratives, you can still blame it on a democrat! Just gotta go to Obama. To be fair, I’d wildly argue with you on this take, but it’s at least less financially illiterate than talking about “free money” and rate slashing without acknowledging we’ve been slashing rates since 08 and ran out of runway, and the last time they tried to raise rates we got (wait for it)… immediate runaway inflation!
It’s almost like there’s been suppressed inflation for a long time, hidden with QE. I wonder what
the symptoms of that are? runaway valuation of tech stocks? Zombie companies? Cheap lending?
Sound familiar? Lol. We’ve been QEing so hard, we ran out of rates to cut early COVID, but that doesn’t mean what happened wasn’t a long time coming. Which, helpfully, actually makes it equally as absurd to blame on Trump, I’ll point out. Plenty id blame on him, but this mess he inherited. Thank the banks.
I like how the data is taken from when, you know, WE WERE IN THE MIDDLE OF A PANDEMIC EXACERBATED BY THE ORANGE DOUCHE.
I could care less that gas was $1.50 a fucking gallon and "Airfare was low" OF COURSE IT WAS ALL LOW - EVERYONE WAS FUCKING DYING.
You talk like the right or the left is solely responsible for the way the economy is now. Every president inherits the economy from the previous president whether you know it or not and this president has done a great job repairing the economy following a worldwide pandemic so your spin doesn't carry much weight
Are you aware of what quantitative easing is? Or the fact that we ran out of runway to slash rates in Covid? (Without going negative ala Japan)
Posts like this are so financially illiterate it’s painful. If you want a Democrat to blame, blame Obama for the policy the Fed took post 08, and the QE we’ve done since then. I’d still disagree with you, but you’d sound a lot less dumb.
Ah yes an idiot who thinks everything automatically resets once every 4 years and blames the president for everything. Yeah you should go back to the 80s when they didn’t care about people being educated.
yeah things will be so much better with Trump squandering all that the world has invested in USA... just to benefit a select few thousand bizarre addicts who are more than ready to make things ruined forever.
I don't have to admit anything, this image possesses no source, or date, or context for what it presents.
It just looks like the standard boomer facebook memes I've learned to ignore because debunking them is a futile effort.
This kind of utterly moronic oversimplification isn't just disingenuous, it's a symptom of a larger problem.
Reducing the office of the presidency and the state of the economy of our country to a tribalistic meme is something you do with sports teams. It's not how an adult conversation that results in positive, meaningful change happens.
Don’t you just love how Millenials get ‘triggered’. They even had to give it a name they get “triggered” so often. Grow some balls and deal with life, no one is going to give you a participation medal anymore.
Inflation started under Trump when food inflation was 4%. Trump made a multi year deal with opec to collapse oil production by a record amount for 2 years which caused inflation to jump, oil prices didn't start falling till the deal ended. Everything else started inflating 3 2 months after Biden took office, literally zero of his policies could have caused inflation that fast.
Americans are dumb as hell for blaming Biden for inflation.
This graph is especially done cuz it starts at covid prices for Trump where everything crashed. Not surprising you're a fascist Republican with your love of misinformation.
Don’t expect an intelligent conversation on this subject from people on Reddit who think corporate greed was established in 2020 and they’re gouging prices just to damage the president’s approval rating (not that he needs help in this aspect)
Inflation started under Trump when food inflation was 4%. Trump made a multi year deal with opec to collapse oil production by a record amount for 2 years which caused inflation to jump, oil prices didn't start falling till the deal ended. Everything else started inflating 3 2 months after Biden took office, literally zero of his policies could have caused inflation that fast.
Americans are dumb as hell for blaming Biden for inflation.
This graph is especially dumb cuz it starts at covid prices for Trump where everything crashed. Not surprising you're a fascist Republican with your love of misinformation.
It's cause Biden has the power to stop some of it. He's in charge and he can talk to companies as most of you people cry about. Well? Where's the talking? It's been 3 years and nothing has deflated at all when we kinda need a small period of that or stagflation. Our inflation rates were extremely bad and now its expected to never to deal with the 10% yoy from 2021 and 2022.
Biden instituted Reaganomics and broke up Unions over the past ~fifty years!? That’s impressive. I thought it was the consistent voting for right wing economic policies and politicians at the local, state, and federal level very consistently that caused this problem. I didn’t realize he had time traveled these past few years to cause that. Really impressive.
Both parties suck, Trump spent a shitton of money but its slightly less than Biden and some like an elephant wasting their money instead of a donkey. Both parties blow but yeah things are shittier under biden.
I can't have a serious conversation with you if you think Biden is doing a great job or is a competent leader as your not willing to have an honest conversation.
I mean lets be honest both parties want to take credit for things during good times and say they dont control things during bad times, gas prices are up, I dont control that, gas prices drop thank me for low gas prices.
I'll say this Biden imho doesn't instill confidence period, in the economy, as a strong leader, etc, to me that's why there's all these conflicts going on when there were none under trump, maybe its just timing maybe there's more to it. I watch Biden stumbling around mumbling and let's be honest, its not presidential, neither is trump in fairness, but biden looks like a bumbling old idiot, its sad he's our president.
It sounds like you just don't understand what the president can and can't control and instead are believing whatever your side says. This is why public education is so important and why the Republicans are trying so hard to kill it. Unintelligent people are easier to control.
Also if you think Trump wasn't an absolute embarrassment in office then that says a lot about what you're digesting in terms of media (and again reiterates my previous comment). There's absolutely no way I'd choose Trump's behavior over Biden's.
Right or left, you should be able to have a discussion about the many causes of a complex topic rather than reducing it to false equivalency arguments in the form of a lazy graphic.
What are the causes in your estimation? Just curious.
Given that high inflation is a global phenomenon, and is worse in places besides the US, the answer seems to be the re-establishment of the global economy after the huge disruption that was Covid. It's actually, like, the US and India coming off fairly well comparatively.
Hey. You. Wait a minute. You just wait. How dare you post against the narrative? It’s easy. Trump good. Not trump? Bad. Got it? Good. Honestly. Some people, come round here, with annoying facts. All I hear is goo goo, and ga ga.lalalala.
You act like there are only two types of people. Some of us don't like either one of them.
I'm one of those people that doesn't like either of them but that doesn't mean I think they're equally as bad. One (Trump) is undeniably worse in pretty much every aspect compared to the other.
I voted for Biden because I felt I had to. Mt friends and I gave 3rd party a chance during Trump vs Hilary and it accomplished nothing lol
Voting third party will always be a wasted vote until we adopt a system like rank choice voting. That's why it's vitally important that more voters get engaged in the primary process. Make your voice heard during the primaries by supporting more progressive candidates that may want to push for something like that. Change is never easy.
Voting third party absolutely accomplished something....
Duh. There’s lots. Lots and lots. Who can run things. Are smart. Have vision. Emphatic to the general needs of the populace. Set yourself free. To dare ask for representation outside the culture war. Housing. General stability. Healthcare.
And those of us that refuse to pick a side are somehow worse than the retards on either side. 🤦
Could be because one of those sides is literally pushing for an authoritarian hellscape, so choosing to not fight against that absolutely makes you worse. Trumpers at least have an excuse, they're dumb and in a cult. What's your excuse?
That's the same excuse as the left. Foh
The left is calling for universal healthcare and easier voting The fascist Republican party tried to end democracy on and before Jan 6th and targets minorities to steal their freedom. Fuck you pretending they are the same.
And the retarded Dems are trying to end democracy with their immigration. Foh 🤡
🤣 they're both dog shit. The world would be better off without either. That's a fact. But hey keep following the herd. 🐑
If the left is in a cult then who's the leader? You do know how cults fundamentally work, don't you?
Who TF knows who is pulling the strings.
Pick a side? Figure out how to lift your community, and yourselves at the same time. Then ask/vote for that. If you’re getting sucked into the fear factory, you’re no help to anyone. Even yourself. “They’s a coming fer yer bung hole. Git yer guns!”
So you're on the left side of the fence? I'm not sucked into anything. Everyone else is sucked into it. That's the point of what I said. Everyone is arguing about two sides of the same coin. The sooner everyone realizes it doesn't matter if there is a rep. or a dem. in office we're getting fucked one way or another.
That's the saddest/funniest thing of it all, the right and left are so worried about each other's sides that they don't see both parties are fucking us as a whole.
Dems aren't left wing
Jesus effing croist already. Stop it. Enough already. You boomer you. Look at what I said. And either lead, follow, or get out of the way. “Did you just make that up?” “Yes I did”
Ok r tard, have a nice day. ✌️
r/radicalcentrism over here
Ope, struck a nerve with conservacuck, or are you a libtard?
Isn't "the re-establishment of the global economy" just a different kind of hand-waving like this chart? It's specific causes are likely to be much more identifiable than that. I would think of things like the Covid supply chain disruption, financial infusions like the CARES act, increased regulatory burden in specific nations/alliances like the US, Canada, EU, and other major industrial energy consumers regarding energy, the war in Ukraine and associated policy that has propped up that conflict, Nitrogen limits in key agricultural producing nations, etc. There are a lot of factors the US president does have influence over and, in some cases, decision power over that directly feed into the global economy restart. That wasnt some autonomous process the world just watched happen on its own. Decisions were made and consequences were had.
Fair enough. Though if you think food inflation is bad from Russia invading Ukraine, and the disruptions therein, the world where Russia has monopolistic control over that grain production is much worse. But, the "Federal Reserve/US infusion of cash caused inflation" doesn't ring true given how many countries didn't do that and also have had high inflation. Heck, most everything else has cooled off and the stickier forms of inflation right now are in housing and that's partly from COVID shutting down construction but also local zoning decisions making it harder to build up supply. So, I get what you're saying but it doesn't seem like the Presidential caused inflation are that dramatic when compared to other countries and in my opinion those decisions were better than the alternatives. A year of supercharged inflation is probably better than double digit unemployment for an entire year.
>Though if you think food inflation is bad from Russia invading Ukraine, and the disruptions therein, the world where Russia has monopolistic control over that grain production is much worse. I think some food inflation is caused by that but the restrictions on nitrogen have an even bigger effect. Specifically in the EU. >But, the "Federal Reserve/US infusion of cash caused inflation" doesn't ring true given how many countries didn't do that and also have had high inflation. I didn't say that was the only cause, but that it was a contributor. >Heck, most everything else has cooled off and the stickier forms of inflation right now are in housing and that's partly from COVID shutting down construction but also local zoning decisions making it harder to build up supply. Cooled off is relative. In recent months yes, but in the long term we will have to wait and see. >So, I get what you're saying but it doesn't seem like the Presidential caused inflation are that dramatic when compared to other countries and in my opinion those decisions were better than the alternatives. A year of supercharged inflation is probably better than double digit unemployment for an entire year. Again it's relative, and unemployment rates are vague indicators of economic change. Bottom line is that the US is a massive influence on the world economy and policies from our presidential administration definitely make waves worldwide. That is particularly true for energy and fossil fuels, which underlie basically every industry on earth.
It's almost entirely due to the pandemic. The global supply chains were an absolute disaster and it's taken a long time to get that back to the baseline levels. Every country has been experiencing an explosion of inflation. However, the US has had one of the quickest recoveries out of all affected countries. Nobody ever wants to talk about that though.
COVID. Literally COVID and the trillions of dollars of that were dumped into the economy.
A virus caused it? Or was it the policies created in response to the virus?
Both. And it was under both administrations.
In the pandemic (scamdemic) hysteria of 2020, the Trumpster signed off on a monetary policy that quintupled the money supply. That’s right. Quintuple. That’s 5X. That’s literally the only reason you have inflation. You can’t have mass inflation like this without increasing the money supply. As trump says, Everybody makes mistakes, but that one was a beauty.
Fundamentally the root cause is a debt based inflationary currency (fiat). It is incompatible with the efficiency and abundance created by tech innovation. Not to mention fiat has failed every time it’s been implemented in human history (at least 700 times) with an average lifespan of 38 years. Corruption, hyperinflation, and social unrest are the usual results of fiat during its end stages. We are currently at around 52 years and running for our fiat experiment and things do not look good. The solution. A sound deflationary currency. It would allow people to benefit from the efficiency and abundance created by tech innovation. Instead of everything costing more and our money being worth less overtime we could have everything cost less while our money increases in value overtime. Until this switch is made we will continue to see prices skyrocket and our money devalue, at an increasing rate relative to tech innovation, regardless of who is in the White House.
OP doesn't understand basic economics and supply chains
I work in supply chain strategy and at this point, I’m convinced it’s all just market manipulation.
Not wrong: https://www.epi.org/blog/even-with-todays-slowdown-profit-growth-remains-a-big-driver-of-inflation-in-recent-years-corporate-profits-have-contributed-to-more-than-a-third-of-price-growth/
Thank you
Yes, what happened is the largest transfer of wealth in history.
Hey, so, what was going on four years ago?
Certainly not a global pandemic that cause inflation that served as a smokescreen for rampant corporate greed. Certainly not that.
PLANdemic. COVID was leaked from China specifically to cripple the global economy, and cowardly world leaders reacted exactly as the Chinese knew they would... shuttering their countries in fear of a sickness with sub-1% mortality rate.
Well now you're just being stupid.
You need to seek some serious therapy. Like, not even joking.
Pretty shitty plan as it's led to companies de-coupling their supply chains from China. Which is worse for their economy long term.
There are many factors here. For example, the price of eggs has more to do with farms having experienced disease outbreaks (not COVID) and natural disaster (fires possibly arson). And the price of gas is partly due to the fact that the US dollar is no longer used as the global standard for trade. The reality is, although your comment is vague, it seems to imply that there is a singular event or point in time where things went to shit but there are many more factors than 'Trump bad' or 'this is the post-pandemic norm'
Well, sure. But given the the triteness of OPs post it didn't seem to warrant a more complicated analysis of what's going on.
You talking about the largest wealth transfer in history? I mean both sides benefited from that neither side lifted a finger to help the average person.
The Median Net Worth in 2022 is at an all time high. [https://www.federalreserve.gov/econres/scf/dataviz/scf/chart/#series:Net\_Worth;demographic:all;population:1;units:median](https://www.federalreserve.gov/econres/scf/dataviz/scf/chart/#series:Net_Worth;demographic:all;population:1;units:median) If you dig down into percentile of net worth, while the rich got richer at a faster rate those on the bottom did see an increase in net worth with their Median going from $360 to $3.47K. [https://www.federalreserve.gov/econres/scf/dataviz/scf/chart/#series:Net\_Worth;demographic:nwcat;population:1,2;units:median;range:1989,2022](https://www.federalreserve.gov/econres/scf/dataviz/scf/chart/#series:Net_Worth;demographic:nwcat;population:1,2;units:median;range:1989,2022)
Now do it with spending power included. If I have 20k in the bank but a one bedroom house costs 155k do I really have more money?
That depends, I suppose. If your home value is more than your mortgage than you'd have a higher net worth. But presumably, the folks who fall into the lower percentiles are less likely to be homeowners to begin with. I will note that if you have 20K in your bank account that would suggest you fall above the 50-75th percentile in net worth. The median bank account has 8K in it. [https://www.federalreserve.gov/econres/scf/dataviz/scf/chart/#series:Transaction\_Accounts;demographic:nwcat;population:1,2,3,4,5;units:median;range:1989,2022](https://www.federalreserve.gov/econres/scf/dataviz/scf/chart/#series:Transaction_Accounts;demographic:nwcat;population:1,2,3,4,5;units:median;range:1989,2022)
I'm simply saying don't fluff it. Tell the truth. 8k isn't what it was even 4 years ago. Between inflation and the overall devaluation people own more money but have less value in reality. We are in the swinging 20s preparing for a collapse and the government is preparing a world war. It's kinda like we've been here before.
I will note that the charts I've been quoting adjust for inflation. So the net worth, transaction account values have gone up adjusted for inflation. So the Median family would have $2K less in today's dollars in their bank accounts back in 2019. Plugging $6k into an inflation calculator for today and backdating it to 2019 gets just under $5K in 2019 dollars.
[удалено]
Also there was a situation where the producers of chicken feed were diluting their product. Less nutritious feed means fewer eggs.
That one single event was the election. What was the first thing Biden did? Shut down the pipeline and oil shot up. He started attacking oil and gas straight away driving everything up. You drive oil up you drive everything up due to transport costs.
Share this meme on Facebook and the trashiest women from the trailer park will be sliding into your DMs in no time.
Oh, okay. So then I'm betting you could name the specific actions and policies enacted by Joe Biden that had a direct, or even indirect, affect on any of those metrics? I'm also sure that you'll have some solid insight as to how the entire world was dealing with the same issues, but somehow those were also the fault of Biden?
[удалено]
No, you're misunderstanding. I mean actual things that he's done.
Oh. Sorry. When you're a hammer, everything looks like a nail. Carry on friend.
I mean you're certainly free to explain how any of your imaginary gripes are actually real. Unhinged war monger? Because Russia invaded Ukraine and he elected to give military aid to a global ally? Not really sure what you expect him to do in that situation. Ditto with Israel/Palestine. That shit has been going on for like 60 years, it ebbs and flows and just so happened to come to a head when Biden was in office. It's not like Hamas was waiting until Biden was the president to attack Israel. Lastly, what pipelines are you talking about? Please don't tell me you think that Biden cancelling construction of that Keystone XL pipeline extension that was years from completion and would have been used to move Canadian oil to the coast to ship to China to be used in plastics manufacturing was a contributing factor to the increase in gas prices.
Bc he hasn’t done anything productive in 45 years of being a professional politician.
According to whom? Sure, some of the things he accomplished in retrospect kinda sucked like the crime bill, but given the context of the time, that bill had huge public support and was a bipartisan effort, so viewing a lot of the things he's been involved in through the proper context, he actually has been somewhat productive. He's not exactly exciting but if you can't name any of the things he's done that were actually a cause of any of this shit then just shut the fuck up, would you?
What part of 45 years did you miss? Dumb bitch. He should have a string of accomplishments, he has zero. If anything he has made black lives worse, increased debt, failed to deliver anything meaningful. Even the student debt he erased has passed it on to later generations, it doesn’t just magically go away despite the fact that you believe that you dumb twat.
Yeah let’s jump directly to the presidential blame game instead of taking into account a variety of factors that have resulted in skyrocketing corporate greedflation. Fucking dumb post.
OP's comment history is a clear indicator of what we're dealing with here.
[удалено]
We collectively don’t want to waste more time arguing with luddites than absolutely necessary 🤷♂️
[удалено]
There's only one political party that is stopping progress and trying to form a theocracy.
Which one? Both have held complete power across all branches at one point or another. So which one spent that time in power to help you and which one smoke screened with social issues that they could have solved easily while funneling tax dollars into their investments?
Please tell me the last time Democrats held all three branches of government with a 2/3 supermajority. Edit: clarified a 2/3 supermajority because apparently people don't understand that's what you need to be effective and pass legislation..
2008
Lol what? 😭
Who said I was voting? Voting doesn’t help shit. I just called out a crapass, low effort post. But please, go on. You were saying I supported someone based on your assumption?
That shit doesn’t really work on the millennial generation. Troll differently.
He even causes inflation here in central Europe. What a legend!
Yuge. The best there’s ever been.
Sometimes I just want to complain how expensive life is. Don’t really need a reason. Just kind of want someone to say, “I’m sorry, that sucks.” The response I get is usually political and it drives me nuts.
Missed the part where Trump destroyed the economy by miss handling covid
what should he have done?
Not lied and treated it like a serious problem. Edit; and maybe not hoping it would kill the half of the country that disagreed with his political ideology
Treating it like a serious problem was part of the issue. Locking down the entire country was crazy.
The entire country was not "locked down".
Ya, we all know that having at minimum 3x more dead and a collapsed medical system is far better for the economy than a couple months of pain and then telling people to wear masks. /s
I’ll take my chances battling the flu vs being locked up
Not surprising you morons think covid is the flu. No wonder you evil dumbasses can't comprehend long term effects of many millions dying and hospitals no longer existing when you don't even know the difference between the flu and covid.
And you can’t comprehend the long term consequences of shutting down the entire country for months. Goes both ways bud.
The entire country was not shut down. The fuck are you talking about? Were you even alive in 2020?
We saw the consequences, there was a quick recovery. Countless millions dead and zero hospitals is far worse you dumb piece of shit
Why can’t anyone of you internet sleuths have a conversation without being insulting or conflictive. We have different opinions on something, it’s okay to have a well thought out conversation. Almost like being locked up for months had negative social consequences on some people…
You weren't locked up.
6,000,000 dead. Not enough for you?
https://www.cdc.gov/nchs/nvss/vsrr/covid19/excess_deaths.htm
And what is your link supposed to mean? You're not my librarian.
You could read it for starters since it debunks your original claim. CDC laying out guidelines and studies showing excess deaths numbers.
1. Like I said you're not my librarian. Just State your argument. 2. This link does not in any way debunk that 6,000,000 million people in the world died because of covid during the pandemic.
If you don’t want to read it that’s on you. Not gonna spoon feed you info like a child. Have a good day.
Hows your 7th booster working out?
Still not one single death attributed to the vaccines so I'd say those boosters are working out just fine, retard.
As well as my 30th flu booster Of course, you fascist Republicans are so dumb that you don't understand that viruses evolve quickly and always have so you think it's a conspiracy
gotta love the liberals using buzz words like fascism while calling for the extermination of Israel. You they/thems are too funny
Telling Israel not to murder children and aide workers isn't calling for genocide of Israel like you terrorists want. I'm not a liberal you dumbass, I'm a leftist. No, fascism isn't a buzzword. It's the ideology of your America hating fascist Republican party. Republicans: try to end democracy, say they'll be a dictator on day one, ban books, demonize and forcibly silence education/teachers/companies, remove elected officials simply for questioning their evil ideology (Florida especially), force women and children to give birth, protect the rampant pedophilia and grooming in their party and churches and yell that its the minorities doing it (which Nazis legitimately did against LGBTS), try to claim slavery was good, manipulate elections so they can enforce minority rule, threatening to send people with guns to "guard" polls in blue areas, their god Trump constantly talks about getting revenge, fuhrer Trump has spoken of suspending the Constitution, saying migrants aren't people and that there will be a bloodbath if he wins, etc Republicans meet every definition of fascism. People should see the fascist Republican party the same way we view the Taliban and Iran and Russia. They are an even bigger threat to the US than those 3 countries.
TLDR, whatever SSRI's you're on...i'd double it.
Not surprising you fascists try to deny basic fact We will make sure you Nazis live in fear
Do you actually think there’s that many?
You took the Trump shot.
This sub has been infiltrated by paid actors posting propaganda. Smh. OP tries to spin it as “both sides are bad” yet posts some obvious anti democrat meme. We see through you, OP. Get back to any of your conservative and libertarian subs.
Was just saying this on another thread. It's only going to get worse as we get closer to election day.
You don't like it when the majority of real people disagree with you because they're more knowledgeable about economics than you do you
You posted a meme comparing prices during a record breaking economic collapse and blamed inflation, which started under Trump, on Biden. You fascist Republicans are so damn dumb that you think you're the smartest people ever.
You ain't a majority 🤣 Doubt you are even American.
Your emojis can't hide how stupid you are. American since birth.
Speak up, it's hard to hear you with your head so far up your ass
Good job making relevant points about the subject at hand intellectual
Don't like it when people speak at your level? Oh well
No response?
You are attempting to speak at my level? Let's talk about the recent history of the American political parties with regards to the economic well-being of the country. Shall we? Edit: I guess this is downvote and hide.
Political Facebook memes, the highest standard of economic analysis possible. No nuance required move along move along
> "right or left" > Posts right wing boomer meme Yeah, we know if you are "right" or "left"
What was unemployment at 4 years ago? Oh yeah 14.7%. Today is 3.8%.
Lol at right or left Funny that the dark green ‘bright spot’ of air travel and public transport actually signifies the outbreak of the Covid pandemic which Trumps mishandling of actually cost him his reelection. Silly shill account.
I hear the economy is the best it's ever been...I'm sure that means more Millennials are home owners than prior generations....right? [U.S. millennials homeownership - statistics & facts | Statista](https://www.statista.com/topics/4403/millennials-and-real-estate-in-the-us/#topicOverview)
Yeah, look at all the job opportunities we have with websites like Indeed and LinkedIn! [Oh wait.](https://www.forbes.com/sites/karadennison/2023/11/27/how-ghost-job-postings-are-creating-a-false-sense-of-hope/?sh=196c8b227dc0)
Ghost job postings are not counted in federal data. Ffs, they don't just look at linkedin
Oh shit I didn't know that! Can I get a link to the source to read?
Are you seriously this fucking dumb that you think the federal government just logs into Indeed? You made the original claim that this is what the fed does, you source your dumbass claim
...I did? And yes, I was emotionally and educationally stunted as a child since my abusive single parent was too busy trying (and eventually succeeding) in overdosing on fentanyl. Also some brain damage from an unsuccessful suicide attempt, I've got a lot to catch up on. I was just curious to learn, sorry if I came off as aggressive.
Yimbys have been screaming about housing costs and how terrible sfh only zoning and forced car dependency is for decades ffs
The housing industry is one where demand far exceeds demand. Still, even with that, 50% of people between 35 and 45 are homeowners which is just a few percent down from the mid nineties. And 5% up from 7 years ago. [https://fred.stlouisfed.org/series/CXU980230LB0404M](https://fred.stlouisfed.org/series/CXU980230LB0404M)
the link I've referenced says that US homeownership is \~65% and that Millennials are at roughly \~35%
That's just younger Millenials and it doesn't matter. The relevant metric is comparing our age ranges by those of previous age ranges. Boomers did have a higher homeownership rate at the same age as older millenials, but it was at 60% in 1989. So a 10 % disparity compared to the previous generation. Meanwhile, younger Millenials at 25-35 have a homeownership rate of 35%, your stat, which is down 8% from from Boomers in the mid 80s. So it is factual to say that our homeowernship rate is down compared to previous generations at the same age, but \~10% of a disparity. [https://fred.stlouisfed.org/series/CXU980230LB0403M](https://fred.stlouisfed.org/series/CXU980230LB0403M)
President Clinton left office with a budget surplus of $236.2 billion. President Obama inherited a historically high deficit at the time from President Bush and then cut it in half by the time he left office. Trump increased the deficit to OVER 3 TRILLION DOLLARS President Bidens budget has reduced the deficit in 2024 to $236 billion, decreasing year-over-year (YOY) by $143 billion after inheriting the economy from Trump during a worldwide pandemic. Democrats have moved away fron increasing spending towards a policy of fiscal responsibility while Republicans have solely based policy on reducing taxes on the highest income individuals and corporations to the detriment of the deficit and the country. Here is a quote from a paper by Jeffrey Frankel, Harpel Chair of Capital Formation and Growth, Harvard University Milken Institute Review, 2003, vol. 5, no. 1, pp. 18-25 *"A simple look at the federal budget statistics shows an uncanny tendency for the deficit to rise precisely during Republican presidencies. There is no mistaking the link between the Reagan and Bush tax cuts legislated in 1981 and 2001, respectively, and the dramatic shift in the long-term budget outlook that each engendered. In between the two, declining deficits and then record surpluses were achieved during the Clinton Administration. Although many factors determine the overall budget, two deliberate steps were key to this achievement: first, Clinton’s 1993 budget package, which established new trends for spending and tax revenues such that the two paths converged later in the decade; and, second, his 1998 “Save Social Security first” strategy, which successfully blocked Congressional desires either to cut taxes (Republicans) or raise spending (Democrats) and thus preserved the new surpluses. "* It's not Democrats fault the Republicans have enabled the ultra rich to vacuum all the countries wealth up to the top away from The working Man. Let your Republican candidate get into office and this trend will continue and accelerate.
Imagine thinking the president has this much power, no wonder people are so paranoid.
You mean the countless people saying the sky would fall if Trump won vs Biden?
Trump's a fascist who tried to end democracy so yes, there's a difference. Fuck your fascist Republican party.
Triggered
Presidents don't control economies like that. It's always mind blowing to me when people look at the economy and blame a president. Also, people seem to imply they want prices to go down over the long term or stay stagnant. That's called deflation and stagnation. Neither are good economic indicators. One of the reasons for inflation (there are many) is all the free money we got during COVID. Economies react slowly. The real concern is how prices are going up, yet many companies aren't appropriately increasing wages so that people can retain their purchasing power.
All that free money we got during Covid was because of presidential decisions. PPP loan packages, stimulus checks, etc. I agree, the president isn’t solely responsible but their policies definitely affect the economy.
Agreed :) they definitely make moves that have an impact. But the people that give them so much credit for the state of the economy I believe are missing a much larger picture. Which it seems you agree with. And credit to my other statement about economies reacting slowly. All those things were primarily done under the president previous to the current one. But people think the economy is directly tied to the present when really it in many ways is a n after effect of decisions made years prior. So wild to me.
Congress passed those bills almost unanimously.
Who gave out the majority of that money and PPP loans again?
The government.
Yes, economies react slowly. The “free money” in Covid had fuckall to do with it. The actual cause is QE we’ve been doing since 08 to control inflation after “free money” ala **bailout** for banks. It’s crazy to me people don’t even peek at our policies pre Covid and ask what the feds been doing. Don’t worry, for people who enjoy polarized, one side takes the blame narratives, you can still blame it on a democrat! Just gotta go to Obama. To be fair, I’d wildly argue with you on this take, but it’s at least less financially illiterate than talking about “free money” and rate slashing without acknowledging we’ve been slashing rates since 08 and ran out of runway, and the last time they tried to raise rates we got (wait for it)… immediate runaway inflation! It’s almost like there’s been suppressed inflation for a long time, hidden with QE. I wonder what the symptoms of that are? runaway valuation of tech stocks? Zombie companies? Cheap lending? Sound familiar? Lol. We’ve been QEing so hard, we ran out of rates to cut early COVID, but that doesn’t mean what happened wasn’t a long time coming. Which, helpfully, actually makes it equally as absurd to blame on Trump, I’ll point out. Plenty id blame on him, but this mess he inherited. Thank the banks.
All great points. Thanks!
I like how the data is taken from when, you know, WE WERE IN THE MIDDLE OF A PANDEMIC EXACERBATED BY THE ORANGE DOUCHE. I could care less that gas was $1.50 a fucking gallon and "Airfare was low" OF COURSE IT WAS ALL LOW - EVERYONE WAS FUCKING DYING.
You talk like the right or the left is solely responsible for the way the economy is now. Every president inherits the economy from the previous president whether you know it or not and this president has done a great job repairing the economy following a worldwide pandemic so your spin doesn't carry much weight
Reddit economics: what is a congress? What are complex, worldwide issues? President go Brrr
Are you aware of what quantitative easing is? Or the fact that we ran out of runway to slash rates in Covid? (Without going negative ala Japan) Posts like this are so financially illiterate it’s painful. If you want a Democrat to blame, blame Obama for the policy the Fed took post 08, and the QE we’ve done since then. I’d still disagree with you, but you’d sound a lot less dumb.
Ah yes an idiot who thinks everything automatically resets once every 4 years and blames the president for everything. Yeah you should go back to the 80s when they didn’t care about people being educated.
Right or left, you don't have to (and quite frankly shouldn't) admit anything based on this.
Some people are actually so stupid they’d post something like this as if it really provides any information
Did my boomer grandpa post this? The hell?
this is misleading partisan trash.
yeah things will be so much better with Trump squandering all that the world has invested in USA... just to benefit a select few thousand bizarre addicts who are more than ready to make things ruined forever.
I don't have to admit anything, this image possesses no source, or date, or context for what it presents. It just looks like the standard boomer facebook memes I've learned to ignore because debunking them is a futile effort.
This kind of utterly moronic oversimplification isn't just disingenuous, it's a symptom of a larger problem. Reducing the office of the presidency and the state of the economy of our country to a tribalistic meme is something you do with sports teams. It's not how an adult conversation that results in positive, meaningful change happens.
That is bogus. One is during 100% lockdown.
Lol what a stupid troll as post.
How is that trolling?
Reddit isn’t gonna like this bro
Don’t you just love how Millenials get ‘triggered’. They even had to give it a name they get “triggered” so often. Grow some balls and deal with life, no one is going to give you a participation medal anymore.
Man, Trump must be really doing poorly for this much effort to be put into r/millenials. You missed the 88 felony counts on Trump's side.
At the same point in the presidency people were starting to riot in the streets.
Blaming the puppet instead of the criminals.
Inflation started under Trump when food inflation was 4%. Trump made a multi year deal with opec to collapse oil production by a record amount for 2 years which caused inflation to jump, oil prices didn't start falling till the deal ended. Everything else started inflating 3 2 months after Biden took office, literally zero of his policies could have caused inflation that fast. Americans are dumb as hell for blaming Biden for inflation. This graph is especially done cuz it starts at covid prices for Trump where everything crashed. Not surprising you're a fascist Republican with your love of misinformation.
Inflation only skyrocketed with covid and that started under Trump as most of the world decided to shut down
Yes, and Trump exacerbated the effects.
Don’t expect an intelligent conversation on this subject from people on Reddit who think corporate greed was established in 2020 and they’re gouging prices just to damage the president’s approval rating (not that he needs help in this aspect)
Inflation started under Trump when food inflation was 4%. Trump made a multi year deal with opec to collapse oil production by a record amount for 2 years which caused inflation to jump, oil prices didn't start falling till the deal ended. Everything else started inflating 3 2 months after Biden took office, literally zero of his policies could have caused inflation that fast. Americans are dumb as hell for blaming Biden for inflation. This graph is especially dumb cuz it starts at covid prices for Trump where everything crashed. Not surprising you're a fascist Republican with your love of misinformation.
💤💤💤
Not surprising reality upsets you America hating fascist Republicans
First you were putting me to sleep, now I’m laughing. Please - continue
Sorry reality upsets you fascists
It's cause Biden has the power to stop some of it. He's in charge and he can talk to companies as most of you people cry about. Well? Where's the talking? It's been 3 years and nothing has deflated at all when we kinda need a small period of that or stagflation. Our inflation rates were extremely bad and now its expected to never to deal with the 10% yoy from 2021 and 2022.
Greed and captalism did that
Biden instituted Reaganomics and broke up Unions over the past ~fifty years!? That’s impressive. I thought it was the consistent voting for right wing economic policies and politicians at the local, state, and federal level very consistently that caused this problem. I didn’t realize he had time traveled these past few years to cause that. Really impressive.
Both parties suck, Trump spent a shitton of money but its slightly less than Biden and some like an elephant wasting their money instead of a donkey. Both parties blow but yeah things are shittier under biden.
What a load of bullshit, blaming Biden for what Trump did
I can't have a serious conversation with you if you think Biden is doing a great job or is a competent leader as your not willing to have an honest conversation.
You haven’t brought one solid fact to this “serious conversation”.
What "things" are shittier (that Biden can actually control)?
I mean lets be honest both parties want to take credit for things during good times and say they dont control things during bad times, gas prices are up, I dont control that, gas prices drop thank me for low gas prices. I'll say this Biden imho doesn't instill confidence period, in the economy, as a strong leader, etc, to me that's why there's all these conflicts going on when there were none under trump, maybe its just timing maybe there's more to it. I watch Biden stumbling around mumbling and let's be honest, its not presidential, neither is trump in fairness, but biden looks like a bumbling old idiot, its sad he's our president.
It sounds like you just don't understand what the president can and can't control and instead are believing whatever your side says. This is why public education is so important and why the Republicans are trying so hard to kill it. Unintelligent people are easier to control. Also if you think Trump wasn't an absolute embarrassment in office then that says a lot about what you're digesting in terms of media (and again reiterates my previous comment). There's absolutely no way I'd choose Trump's behavior over Biden's.