Thread

1. dabinat · 1789588567 · focus · HN ↗

   Prediction: this causes a recession in two years, right after a Democrat wins the White House, who will be blamed for it. The economy will turn around after a few years, just in time for a Republican to win and claim they fixed it.

   This is how Republicans have a reputation for being economically savvy despite actual evidence to the contrary, because the general population doesn’t understand that economics runs on a time delay.

   1. jameslk · 1789589453 · focus · HN ↗

      Both parties are responsible for the inflation and debt. Fiscal policy is largely driven by congress, not the president

      1. matteoraso · 1789590079 · focus · HN ↗

         And which party controls congress? I'll give you a hint: It's the party that spent decades advocating for irresponsible tax cuts without cutting spending[0].

         [0] Yes, I know that the Republicans said that they were going to cut spending to match the tax cuts, but that never ends up happening.

         1. jameslk · 1789590474 · focus · HN ↗

            The high inflation since Covid and $40 trillion in debt didn’t happen under one party

            1. owebmaster · 1789590706 · focus · HN ↗

               But just one wins elections promising they will reducing it

               1. jameslk · 1789591113 · focus · HN ↗

                  Neither party has realistic plans to reduce the debt. It’s been that way for decades. Kicking the can down the road gets more votes

                  1. watwut · 1789593850 · focus · HN ↗

                     It was democrat who ended with surplus. This is not both sides issue. This very much "conservatives make things worst and hide behind both sides".
               2. chucksta · 1789591232 · focus · HN ↗

                  What's the other promising to do with it?

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