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. Steltek · 1789663043 · focus · HN ↗

         False.

         On an earlier HN economic story, someone provided data showing that this is entirely the responsibility of Republican administrations. Going back to Eisenhower, the Deficit has only increased under Republican Presidents and only decreased under Democratic ones (with one exception, Johnson was slightly positive in Deficit increase).

         <a href="https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=49714491">https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=49714491

         1. jameslk · 1789668928 · focus · HN ↗

            A rando on the internet that put together a table of presidents and numbers has no bearing on facts, it falsifies nothing

            Presidents cannot pass fiscal policy. They can only sign or veto new fiscal policies or act on existing policies passed by congress that give them fiscal latitude

            I’ve explained this many times in this thread. We’ve reached the heat death of useful discussion so this will be my final comment in this thread

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