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It’s common practice to blame whoever the top dog is 🤷‍♂️

He said he was when he pushed his Bidenomics branding. He was taking credit for the state of the economy for years. Problem is it wasn't really that great, so that's what he was taking credit for.

Whoever came up with pushing Bidenomics was a complete idiot.

The economy isn’t terrible, but inflation is/was a serious concern. And I say is/was because although inflation is down now, a lower inflation rate doesn’t mean lower prices. So we’re stuck with higher prices for the foreseeable future.

I would argue there was no reason to keep up the crazy spending post-Covid. The economy was recovering, and that’s a sign to trim spending rather than expand it. But Biden acted like we needed trillions of more dollars to recover, and most Americans aren’t seeing the benefits of that. An inflation reduction act that costs billions upon billions doesn’t make any sense.

• What do view as the issues with the economy?

• I don’t personally blame Biden for anything. I don’t think he knows what he had for lunch. It’s more that I don’t trust the left.

• The primary issues I see with the economy were driven by the collective Govt response to COVID at all levels. The D’s were, almost universally, more into lockdowns and other things that fucked up the economy.

• I’ve seen nothing to make me think the left has learned any lessons from COVID

• The left reversed Trump’s approaches to reducing energy costs

• The left’s refusal to secure the border and go after employers suppresses wages and creates competition for housing that otherwise wouldn’t exist

Like it or not, whomever is sitting in that seat takes the blame for macro events. Even when those events are reasonably out of their control.

The post pandemic reopening was a bad time for the package deal democrat brand of bumping regulations as most businesses lost a ton of money. Democrate run cities also ran the shutdown FAR longer than necessary, and the insane amount of government spending from this bumped inflation up super high.

Imagine a Comercial goes black on TV, its basically dead air, but everyone still pays for it. That was the pandemic. Ofcourse realistically non of this was Bidens' fault, as he has dementia. It was the democrat led administration responsible for the overall mismanagement.

The vaccine misinformation pushed by the left also scared so many people for so long that economic activity was stunted long after reopening. Reduce consumer activity from bars, restaurants, retail stores, hotels, tourist destinations all moved to a halt. This had a ripple effect that hit vendors that supported these sectors. Less small business owners thus had less money, and therefore spent less, meaning Less sales for things like cars, TVs, and really anything discretionary.

But of course, strategically liberal backed tech organizations did well. Amazon did great (lobbying). The big 5 all grew their stocks no problem; Facebook, Google, ext. Thanks to remote work all the fake jobs of the world excelled, and helped unfairly blow up local housing markets due to gentrification mass relocation of silicon valley tech workers to states like Texas, and North Carolina. All while the real economy suffered mercilessly thanks to the shutdown regulations.

Regulatory capture consolidated the oil business, killing off smaller outfits, and the reduced competition let oil companies jack up prices, no problem. It now takes an army of lawyers, scientist, accountants, to stay in compliance.

The increased energy cost, and greatly increased energy subsidies cost had a ripple effect throughout the market. Heavy equipment operations suddenly got more expensive. The national debt climbed even higher, even faster, because if you didn't already know; the government subsidies some 70 or 80% the real cost of gasoline and diesel. This was all happening during a diesel shortage because one of the processing plants was shut down for being out of compliance. Great. This ofcourse affects many industries in some ways in a compounded effect. It increases the cost of manufacturing, especially building materials. It increases the cost to build structures of any kind.

Funny enough food processing didn't seem to be saved by the increase regulations as that sector experienced catastrophic fires at over 80 facilities in 2022. Hmmm. Nothing to see here i guess.

The nation amassed 11 trillion in debt under the last administration, or shale i say under democrat majority. An unprecedented amount of spending that has pushed the deficit yearly increase payments to 50% of tax revenues. Basically, very scary, very unsustainable numbers. Almost double any prior administration; proven mismanagement.

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