General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsWelp . . . . looks like Joe hadda do it again . . . . clean up another Fat Elvis mess . . . .
. . . . . with inflation now in the high 2% range . . . . down from the Fat Elvis induced 9% plus.
bucolic_frolic
(55,387 posts)Tax cuts for the rich, and the GOP covid relief bill. It threw money at the top more than the bottom. Grocery shelves emptied because the money was there and retailers figured it out fast.
Hermit-The-Prog
(36,631 posts)First, when Republicans control the federal government, and particularly the White House, spend money like a drunken sailor and run up the US debt as far and as fast as possible. This produces three results it stimulates the economy thus making people think that the GOP can produce a good economy, it raises the debt dramatically, and it makes people think that Republicans are the tax-cut Santa Claus.
Second, when a Democrat is in the White House, scream about the national debt as loudly and frantically as possible, freaking out about how our children will have to pay for it! and we have to cut spending to solve the crisis! This will force the Democrats in power to cut their own social safety net programs, thus shooting their welfare-of-the-American-people Santa Claus.
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To make this work, the Republicans would first have to turn the classical world of economics which had operated on a simple demand-driven equation for seven thousand years on its head. (Everybody understood that demand aka wages drove economies because working people spent most of their money in the marketplace, producing demand for factory output and services.)
In 1974 Wanniski invented a new phrase "supply side economics" and suggested that the reason economies grew wasn't because people had money and wanted to buy things with it but, instead, because things were available for sale, thus tantalizing people to part with their money.
https://www.salon.com/2018/02/12/thom-hartmann-how-the-gop-used-a-two-santa-clauses-tactic-to-con-america-for-nearly-40-years_partner/
Aviation Pro
(15,632 posts)Elvis was fat.
Jerry2144
(3,286 posts)But I just prefer using his current, properly earned, job title, Convicted Felon
magicarpet
(18,777 posts)... their main job is to clean up the dirty diapers and properly dispose of them, that their ReThug predecessors hid although the White House and the government.
Toxic human waste abandoned for your successors to attend to and clean up - SOP for ReThugs.
surfered
(13,722 posts)elleng
(141,926 posts)GOOD to see the numbers.
BlueMTexpat
(15,697 posts)is to keep iterating and reiterating how MUCH MORE voters trust tsf on the economy!
Sickening!