Republicans seem upset that the economy hasn't collapsed
Republicans keep dropping hints about what they want to see happen to the economy under President Joe Biden’s leadership, but the economy doesn’t seem to be listening. Despite all their dire predictions, things are looking up, driven by continuing government COVID-19 relief and the prospect of widespread vaccinations changing the course of the pandemic.
Donald Trump’s big reelection pitch on the economy was that a Biden win would mean a major crash. “If he gets in, you will have a depression the likes of which you’ve never seen. Your 401(k)s will go to hell and it’ll be a very, very sad day for this country,” Trump said in an October debate. Republican voters responded, with their optimism about the economy crashing after Trump lost.
As Democrats pushed the American Rescue Plan, Republicans warned that it was too big and would lead to problems. “There are a lot of warning signs that have not been worrisome in the past but now are certainly blinking yellow,” Sen. Pat Toomey said on Feb. 23, cautioning against “too much liquidity going into the system.”
Now, American Rescue Plan money is flowing out into the economy, things are still going well, and Republicans are … issuing the same kind of dire warnings about Biden’s next set of plans. Spending too much could set off inflation, they say, though Federal Reserve Chair Jerome Powell (a Trump pick) says those concerns are overblown. “We’ve averaged less than 2 percent inflation for more than the last 25 years,” Powell told the Senate Banking Committee in February. “Inflation dynamics do change over time, but they don’t change on a dime.”
https://www.dailykos.com/stories/2021/4/23/2027267/-Republicans-seem-upset-that-the-economy-hasn-t-collapsed
= new reply since forum marked as read
