this post was submitted on 11 Nov 2024
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[–] LillyPip@lemmy.ca 11 points 3 days ago* (last edited 3 days ago) (1 children)

The economy moves slowly. The impacts on your pocketbook over the last 4 years were a direct result of the tariffs trump imposed during his previous stint in the White House, his absolutely abysmal reaction to Covid, and several other things he and his cronies did during that time.

Biden fixed much of that, and as a result, inflation in the US slowed so it was less than in other countries that were impacted by many of the same market forces. It was already too much to completely reverse, but it was far better than it would have been otherwise.

But instead of understanding what actually happened, loads of people seem to think the president can just flip a lever and the whole economy will turn on a dime – despite decades and decades that show that the economy is always better under democrats. Because democrats fix things, so the next republican administration looks good for a few years, then republicans break things, so the next democrat administration looks bad for the first few years. The economy is as nimble as the Titanic.

So now, the US has voted the same guy back in who wrecked the economy that we’re still feeling the effects of, so he can reverse Biden’s improvements and instead make it far, far worse.

People’s inability to learn the absolute basics of how the economy works is about to fuck us all.

e: formatting