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195 sats \ 5 replies \ @grayruby 10 Nov 2023 \ on: Meta Econ Takeover Day 24 meta
Biden administration already used the SPR lever and has ran into a lot of challenges with their student loan forgiveness attempts. It will be interesting to see what they try to do to secure the election victory and if the Fed stays firm of capitulates under political pressure.
There are people who think they intentionally chose a student loan forgiveness plan that would get shot down by the courts. Biden's always been on the side of creditors and student loan payments are a big chunk of government revenue.
If he wanted to get credit for that stupid policy, without having to live with the consequences, that was the way to do it.
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Makes sense. Reminds me of the Blue Jays offseason strategy. The media tells the fanbase they are in on player x or trading for player y. It never comes to fruition but then they can say we are doing a lot to try and improve the team we were so close on all these guys. Haha,
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It's a fine line to walk. The Raiders former GM leaked to the press how they were really close to moving up for CJ Stroud. I guess the idea was that he wanted credit for identifying talent after CJ had gotten off to this historic start, but it was interpreted as a really costly failure of asset management.
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My apologies for soiling meta Econ takeover with sports takes. Haha.
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#StrongerTogether
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