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Joined 3 years ago
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Cake day: July 20th, 2023

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  • Because so far the fed has remained independent, and national debt matters far less than most people think it does. Take a look at Japan - theoretically in debt WAY over their head, but the Bank of Japan is actually trillions of yen in the black and mostly invested in the Japanese economy, getting yields of 6-7% on their holdings far above their debt service. Their pension fund is a majority stakeholder in basically all internal infrastructure, and despite stagnant “growth”, Japan’s real wage growth is like 4-5% YOY.

    As with anything economics, a single metric usually tells a bad story. Whether we like it or not, the US economy is pretty robust and even a moron like Trump can’t really kill it totally in 4 years without messing with the currency directly. The downfall will be long and drawn out.






  • Because their voters want them to. People love to act like 40% of Americans wouldn’t vote for Trump right now if asked to, but they would. He could rape a baby live on TV and the evangelicals would tell their congregations that at least he’s not a Democrat. The system isn’t broken, it’s giving the American population what they want. They just want stupid shit and more dead brown people.

    Everyone’s acting like Trump is a fluke but he’s not. Republican voters would never primary their candidates to be less MAGA nor will they ever vote D. The best we can hope for is them going silent and not voting.


  • More or less productive than not reading the article and then commenting blatantly incorrect statements while leading with “the article is wrong”?

    Like if you didn’t read it that’s fine, but then why comment? And why comment on the facts of the article? The $160 number and $260 number are in the same sentence, how do you read one and not the other?

    It’s even one thing to be wrong, but to be wrong and confidently assert that the article is wrong? Just wild behavior imo.












  • I agree with most of that but not all. People don’t notice single digit, but it’s still meaningful when you’re talking real wage growth. Wages grew faster than inflation, even if only by single-digit. The reality was overruled by the fact that post COVID inflation had raised prices. The Democrat plan was to maintain positive, compounding real wage growth.

    Biden identified falling industrial output and employment and enacted subsidies via CHIPS etc al which resulted in real shovels in real dirt building semiconductor plants in upstate NY, new construction of wind and solar plants, etc. Biden identified high pharmaceutical prices and enacted the first ever group negotiated purchasing rates for 10 drugs with more on the way for his 2nd term. Anticompetitive practices, Lina Khan. Crimes against the state, Jack Smith. Historically low violent crime rates, a successful opioid addiction policy seeing massively falling OD rates…

    He and Kamala had two practical failures in Merrick Garland and Palestinian policy. The rest was an optical nightmare, and I’m not sure where the failure was but I’m not sure it was with “the donors”. Kamala spent a shitload more money than Trump and somehow all anyone ever heard was “Killer Kamala” and “but she laughs weird”. Whatever caused that, I think is the ultimate failure of the party.


  • I’m not going to say Biden was perfect, but many of the “investments” Trump is using as proof of victory came as a direct result of Biden policies like the inflation reduction act, chips act, etc. He inherited inflation directly as a result of Trump abandoning “project lightspeed” and choosing to let COVID run wild, which triggered free money which triggered severe inflation, which is why people were pissed off. By 2024, prices were still elevated but inflation itself was under control. Kamala ran on “we beat inflation, and its all uphill from here” (they did, and their policies are continuing to benefit Americans), and Trump ran on “I’ll reduce prices to what they were pre-COVID” (deflation is usually bad). Lina Khan was actually pursuing antitrust suits for the first time in this millennium, and the department of labor was generally siding with unions. I think the reality is that Democratic party PR is absolute shit. The main pressure of inflation was under control late in Biden admin, and Trump sold the voterbase a myth with directly lower prices.

    I get what you’re saying about people being desperate, but the reality is that real wage growth was higher under Biden than Trump 1 and they chose Trump 2 anyways.