I don't disagree with your assertion for the immediate aftermath of the COVID spread..I'm saying the POTUS who had the benefit of time to respond with a strategy instead of tactics advised by the status quo (now questionable) experts. Instead of things like the Infrastructure bill I mentioned helping reboot the country, it exacerbated problems.

The referenced bill was called Infrastructure.., and small percentage was actually earmarked for infrastructure. In the years following we had major headlines with Infrastructure failing, at the ports, dams.

Politicians couldn't let the crisis go to waste.

Trump had short timeframe to respond. Biden had lead time and a whole term

This post was edited by RedFromWinter on Apr 11 2025 06:37am

Inflation was down to normal levels by the end of bidens tenure. So if the argument is an administration with more time should have gotten it right, at least on the inflation side, things did return to relative normal with said time. To be clear, I’m not even arguing Biden was some great president (he wasn’t), but the biggest economic argument against him (inflation) falls apart pretty quickly upon further examination.

The infrastructure spending was for infrastructure. It just all wasn’t for things like roads and bridges (which was part of it and still needed).

I disagree on the inflation assertions. The calculation for inflation has been changed multiple times in recent decades. Beyond that, essential commodities that middle income families rely on are not reflected in the main inflation index. It's a bullshit number, which is fine if you consistently calculate it then gleam value off of the deltas.

A more realistic benchmark is housing affordablity or single family residence ownership. Or trends in homeless, first time homeless, etc

Could you explain why housing affordablity is as bad or worse than the first year of the Great Depression in most jurisdictions of the US at the end of Biden term?

This post was edited by RedFromWinter on Apr 11 2025 06:51am

You just unintentionally explained inflation though. Inflation occurs when the price of things increases faster than the increase in wages. It’s a relative loss in purchasing power. Just because inflation comes down doesn’t mean that loss in purchasing power is instantly regained, the delta just stops increasing.

The reality is that the global economy isnt as tethered to presidential decision as we’d like to think (with one BIG caveat). Presidents don’t have a magical fix economy-easy button. If they did, everyone would be rich. Having said that, we’re seeing in real time how quickly a president can do damage to the global economy if they really try.

Have you been on vacation the last week? Oh, nvm you contradict yourself in the closing sentence.

This post was edited by RedFromWinter on Apr 11 2025 07:33am

lol that was my point. Presidents can’t fix the global economy overnight. But if they really try, apparently they can really fuck it up seemingly overnight.

How much does China own across Asia in other countries that is then exported to the USA via those countries. For instance China owns the majority of Cambodia factories.

Be interesting to know that figure. Pretty easy to skirt things that way. I don't know remotely what the figure is, they have been buying for decades now.



Anecdotal, but interesting as well. I was in Nepal juist last year, the Nepalese sentiment towards China is changing pretty rapidly because China is willing to rebuild for them after earthquakes and Nepal has exactly zero ability or money to do so.

Already there's an absolute stream, I mean gridlock train of Tata trucks going from India to China. Its the main path. The constraint or bottleneck is Nepal's poor infrastructure. They don't have the ability to make good highways with their hand labour, and materials on hand through that mountainous country. Every road was just fucked when I was there slowing transport significantly.

Would not shock me to go back and suddenly see China starting to build roadways for them. Agriculture exports to China from India have already exploded through recent years. If you had a cleaner shot between India and China, India has quite a bit of cultivated land, but they do also have their own population to sustain. Still would not surprise me to see China move more and more of their agri imports away from the USA to India.

This post was edited by SBD on Apr 11 2025 08:38am

presidents cant fix economy quickly

presidents can tank it overnight (trump)

presidents can keep it bad over a long time period (biden)

how jerome powell achieved a soft landing on the last recession scare amidst inflation Biden was actively making worse is beyond me.

That sir, is just not true.

many people are claiming this is why china hasnt reached out, because they know their deal making process will be much harder than other nations for this very reason.

Europe simply needs to negotiate tariffs, % for %. easy enough in theory.

china needs to negotiate based on trade imbalances, tariffs, IP theft, offshoring product to skirt tariffs, currency manipulation, ETC







This post was edited by thesnipa on Apr 11 2025 09:13am