BartenderElite
Verified User
I say this with all due respect because I enjoy our conversations but you have serious partisan binders on here.
Go back to your posts last fall when the market was up and GDP growth was high. You were celebrating Biden and the Democrats saying they had cleaned up the Republicans mess etc. Now that things have flipped in 2022 all of sudden (almost) none of it is Biden's or the Democrats fault and it's back to everything being the fault of Republicans. If you're having a group chat with a bunch of fellow Democrats you'll probably get a fair number of thanks/likes but not so much when you get out of the partisan bubble.
Yes the job numbers have been pretty good this year but we're about to have two consecutive quarters of negative GDP growth, we hit bear market territory in equities and we have 40 year high in inflation. Yet this idea that somehow the general public wouldn't know or really care about all this if the media would just stop talking about it isn't reality. People talk about inflation a lot because it's unavoidable. You see it at the pump, you see it in the super market etc. Additionally, it affects future decisions consumers and businesses make. So yes, it is going to be talked about a lot. It's the major impetus behind all the Fed's decisions. There is zero chance the media isn't going to cover it even if you wish them not to for partisan reasons.
Here's a pretty tried and true reality of politics - the President (and the party in power) gets both (often too much) credit and blame for what happens on their watch. Right now this stuff is all happening under Biden while Democrats control Congress.
Not an unfair point, thought I would point out that the crisis in the Ukraine was a major setback. At minimum, it kept the pressure on inflation and gas prices, but it also destroyed confidence.
Honestly, I just get a bit tired of the lazy conservative take that Biden "wrecked the economy." He inherited one of the worst set of circumstances that any President has had in modern times. I don't think he's doing great - but he's not responsible for most of this (imo).
I have a lot more faith in him than I would in any incoming Republican admin - particularly if it's Trump again.

