By Daniel Lacalle
Biden used government spending to bloat growth and job figures so aggressively that the next administration will see a recession if it reduces public-sector growth.
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410 sats \ 5 replies \ @kepford 20h
There's been a theory out there for a while that the dems were actually throwing the election knowing that the next president would be left holding the bag. I thought this prior to the Biden debate meltdown.
At this point... I'm not sure about that or that we will see a collapse under the next admin. I mean... its hard for me to see how we don't have a recognized recession. Seems like we are already in one but they cooked the books.
It is possible we hit hard times but due to drastic cuts or hands off response by government the recession is short lived and there's a boom in the next 4 years. Gonna be interesting for sure.
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78 sats \ 1 reply \ @Undisciplined OP 20h
I've certainly espoused that theory. I'm also not sure if I believe it, but I saw evidence for it well before they put Kamala in.
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29 sats \ 0 replies \ @kepford 20h
I have to say... the past week has really exposed how dumb people can be that have education and seem to be intelligent. Maybe dumb isn't the word for it. Naive, blind, out of touch? Honestly, I shouldn't be surprised I guess. It just fits with the patterns I've seen over the years.
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12 sats \ 2 replies \ @DEADBEEF 14h
That theory definitely makes sense to me. They know the economy is going to collapse and they see this as a way to finally destroy Trump’s legacy and get away blameless for actually being the ones to destroy the economy.
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38 sats \ 1 reply \ @kepford 11h
For sure. Though I would not put sole blame on Biden's admin or the dems. Both parties and Trump have their part as well. Not saying it's equal but neither side really recognizes publicly the deep problems. They just point fingers.
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0 sats \ 0 replies \ @DEADBEEF 10h
Yeah that’s true. Both parties have been drunk on spending for years.
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20 sats \ 1 reply \ @Msd0457890 20h
I think that the previous administration has presented a great challenge to the new Trump presidency. The fall in the value of the hegemonic currency, the dollar, is one of the challenges that Trump will have to face upon taking office.
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20 sats \ 0 replies \ @Undisciplined OP 20h
That's ok. Trump's a printer go brrrr guy, too.
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14 sats \ 1 reply \ @ContraMundum 20h
Let’s see if we can stop the bleeding.
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0 sats \ 0 replies \ @Undisciplined OP 20h
They might need to rip the band aids off and it clot on it's own, That analogy feels a little off.
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