Biden’s worst-case economic scenario is unfolding at the worst possible time

8 comments

1. Racist trash article. Everything is awesome you’re all just too stupid to see it!

2. I’m voting for Biden because the alternative is reprehensible. I can see this is anti-Biden propaganda, and I don’t care. First of all, bad economies don’t arise overnight. The previous administration shares a lot of the blame for this, as do COVID and global economic conditions caused by war. I blame the economy on capitalism, and neoliberal capitalism especially, sucking for the average person–not on whoever temporarily wields power. Poorly regulated markets for the past 40, almost 50, years have given capital way too much power, and now these corporations feel they can raise prices over and above inflation. A lot of the inflation we experienced was demonstrated to be attributable to seller’s inflation (aka greedflation, as it’s known on the streets).

   With that said, I agree with the article: Lying is not helping Biden’s case. He would do a lot better by being honest about the health of the economy because we all feel it. I’m sick of the propaganda. People on this sub have been saying everyone just *feels* like the economy is bad since idk how long, mostly folks claiming to be economists. The people always feel the signs of a bad economy before the economists ever report the economy is bad. And in the meantime, they gaslight everyone. I’ve seen that happen during every economic downturn I’ve ever witnessed. After a while, you learn to trust what you see with your eyes when it comes to the economy, and I don’t say that about anything else. I simply distrust economists and financial analysts, who oftentimes have a vested interest in claiming that things are fine. (I have a research background, so don’t try to change my mind on this… I’ve already thought it through. I don’t trust economists, especially those working outside of academia, where conflicts of interest are allowed to flourish without any oversight because getting people to fall in line is profitable, or whatever.)

   So I knew these articles were coming. I knew they’d eventually have to admit something was wrong with the economy because it’s become undeniable to the public. I’ve never seen it like this in my 35 years of existence, but it sounds a lot like stagflation from what I’ve read about the 70s.

3. Fuck all this drivel about economics from profiteering corporate media as if it has anything to do with the current president.

4. I’m voting against Biden because he’s a genocider

5. I will vote for AI.

6. It’s not the worst case scenario, but if inflation and wars keep up it could get bad. At that point a recession would be the only option to bring prices down.

7. lol no it isn’t

   The Hill? 🤡🤡

8. Biden is a shell of a president just there to sign bills he makes no real decisions …Barry Obama is calling all the shots ..senile Joe just gets a check as paid help 🤣😂 barrys hot mic moment with Russian ambassador …tell Vlad I’ll have more flexibility once I’m outta office ..but no one remembers that