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Notes -
I wouldn’t shock me if a bunch of what you believe to be true is just hokum. The whole “everyone else is dumb and I’m smart” is tiresome.
Take for example the economy. Let’s say we believe the government numbers (there are real questions about for example the establishment survey v household). But then you peel back the onion a bit and you start seeing a bit of rot. You see a bunch of people who’ve depleted their savings and who have run up a bunch of credit card debt. Sure if there are no shocks they’ll be fine but they feel a whole lot more fragile. The effects of inflation seem long lived.
But hey! GDP is going up. Of course a decent chunk of that is almost definitional (government spending is part of GDP). Too bad government borrowing is going up way in excess of GDP. That suggests a debt spiral.
And then finally you are making a post hoc ergo propter hoc fallacy. You really aren’t pointing to anything Biden did. Just he was in office and you like the economy.
Is he doing an outstanding job or was the economy in 2019 great and the Panasonic was weird but the fundamentals were reasonably strong and Biden has only fucked up things a bit?
Did you mean pandemic? I'm losing the thread here.
Yes! Sorry typo. Was in my phone.
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