613
submitted 2 weeks ago* (last edited 2 weeks ago) by MicroWave@lemmy.world to c/politics@lemmy.world

Summary

President Joe Biden touted his administration’s economic recovery efforts, citing job growth, reduced inflation, and infrastructure investments, as he prepares to hand off a strong economy to Donald Trump.

Biden criticized Trump’s proposed steep tariffs on imports, warning they could harm the economy and reintroduce inflation.

Trump plans tariffs against China, Mexico, and Canada, raising concerns about trade disruptions similar to those seen during his first term.

Economists caution that such policies could quickly reverse recent economic gains and weaken the U.S. economy.

(page 2) 50 comments
sorted by: hot top controversial new old
[-] Pacattack57@lemmy.world 4 points 1 week ago

Why does he look like Kim Jong Un in this picture 😂

[-] jaggedrobotpubes@lemmy.world 2 points 1 week ago

Just a small boy too scared to do anything but try and act tough.

[-] finitebanjo@lemmy.world 1 points 1 week ago* (last edited 1 week ago)

Kim Jong IL more like.

load more comments (2 replies)
[-] reddit_sux@lemmy.world 3 points 2 weeks ago

https://www.bls.gov/charts/consumer-price-index/consumer-price-index-by-category-line-chart.htm

This is a chart showing percentage difference over 12 months of CPI for the last 20 years. Biden's presidency came with less than 1% inflation which only rise to record levels in the first 2 years. It has come down to high 2% and settled at that level.

In the last 12 months everything other than energy prices have rise by 2.4%. A 2-2.4% in prices after having 2 years of near 10% inflation.

You can see how Democrats saying that they have done good for economy and common man seems hollow.

[-] deo@lemmy.dbzer0.com 4 points 1 week ago

With the years:

[-] finitebanjo@lemmy.world 1 points 1 week ago

Biden's term started in 2021, CPI peaked in 2022 and fell just as quickly.

Inflation actually peaked in Mid-2021 and fell.

[-] reddit_sux@lemmy.world 2 points 1 week ago* (last edited 1 week ago)

I am not saying Biden or Democrats didn't do anything,

My point is 1$ thing was 1.1$ at the end of 2022, 1.12$ 2023 and 1.15$ at the end of 2024 when voting happened. The rise in food was much more substantial.

While at the same time, there was no growth in salary and the constant threat of being laid off.

Edit 1: People have a very limited memory and the mere perception that things are bad and wont change. It is understandable if they are uninterested in either outcome.

load more comments (1 replies)
load more comments (3 replies)
[-] Clinicallydepressedpoochie@lemmy.world 3 points 2 weeks ago* (last edited 2 weeks ago)

Womp womp. I'm convinced these idiots think maniacs like trump coming in to raid government coffers is advantageous to themselves some how. I know there might be a criminal network where this is true but not the entire fucking GOP.

It's insane how the right controls the narrative so hard that some people believe in earnest that they have good economic policy when it really just is, "gubberment don't work, now gibbme all that money, nom nom nom."

[-] MacNCheezus@lemmy.today 1 points 1 week ago* (last edited 1 week ago)

The problem with assertions like this is that they can never be conclusively proven or disproven. Literally every single president (at least during my lifetime) has blamed their predecessor for all of the problems plaguing the country and took credit for everything that improved, while their predecessor claimed credit for laying the groundwork and blamed their predecessor for all the challenges they faced.

The fundamental issue is that the same experiment can never be conducted twice under controlled conditions, because the world doesn't stop spinning and whatever the other guy did, he did, and we can't turn back time in order to find out how his opponent's choices would have played out. Sure, you can always pick and choose some factoids in order to spin a compelling "what if" scenario, but ultimately there's simply too many variables at play in order to reach a sufficiently solid conclusion.

Say you put a clock on humanity. One depicted by the earth itself, and it's ability to support our type of lifeform. If one president pushes that clock forward, and another tries to slow it, are they so easily comparable? When people claim they care about kids, what they really should be meaning is the future of humanity... Or else they are really taking away the liberties of those children to be able to grow up and live a life of the same quality as the generations before them.

Now categorize those presidents again as whom has attempted to use the information they had in the capacity they had for changes to benefit future generations.

We continue to debate it.. but the clock has not stopped ticking.

load more comments (3 replies)
load more comments
view more: ‹ prev next ›
this post was submitted on 12 Dec 2024
613 points (96.8% liked)

politics

19244 readers
3180 users here now

Welcome to the discussion of US Politics!

Rules:

  1. Post only links to articles, Title must fairly describe link contents. If your title differs from the site’s, it should only be to add context or be more descriptive. Do not post entire articles in the body or in the comments.

Links must be to the original source, not an aggregator like Google Amp, MSN, or Yahoo.

Example:

  1. Articles must be relevant to politics. Links must be to quality and original content. Articles should be worth reading. Clickbait, stub articles, and rehosted or stolen content are not allowed. Check your source for Reliability and Bias here.
  2. Be civil, No violations of TOS. It’s OK to say the subject of an article is behaving like a (pejorative, pejorative). It’s NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
  3. No memes, trolling, or low-effort comments. Reposts, misinformation, off-topic, trolling, or offensive. Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.
  4. Vote based on comment quality, not agreement. This community aims to foster discussion; please reward people for putting effort into articulating their viewpoint, even if you disagree with it.
  5. No hate speech, slurs, celebrating death, advocating violence, or abusive language. This will result in a ban. Usernames containing racist, or inappropriate slurs will be banned without warning

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.

That's all the rules!

Civic Links

Register To Vote

Citizenship Resource Center

Congressional Awards Program

Federal Government Agencies

Library of Congress Legislative Resources

The White House

U.S. House of Representatives

U.S. Senate

Partnered Communities:

News

World News

Business News

Political Discussion

Ask Politics

Military News

Global Politics

Moderate Politics

Progressive Politics

UK Politics

Canadian Politics

Australian Politics

New Zealand Politics

founded 2 years ago
MODERATORS