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So, 19 months into his second term, and it’s all still Biden’s fault?
24 upvotes, 7 comments. Yik Yak image post by Anonymous in US Politics. "So, 19 months into his second term, and it’s all still Biden’s fault?"
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Anonymous 19h

“Prices are coming down sharply” yeah fucking right dude. Half of the Fed’s entire existence is literally to make sure prices don’t go down.

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Anonymous 20h

So the oil prices were caused by Joe Biden but they will go down when Trump’s war ends?

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Anonymous 18h

Tbf, we had 4 years of Biden telling us that economic policies have a delay and that the problems then were remnants of Trump’s first term. So either every politician is a liar and you choose which ones to believe, or they’re both telling the truth lol. You decide

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Anonymous replying to -> #1 19h

No. There’s no actual logic here, just pointing the finger of blame at the “other side.” It’s been their playbook since Bush. They fuck everything up, a Democrat gets in office fixes it. A Republican gets in office and fucks everything up again, rinse & repeat. Republicans have no policies and no competency in leadership. Only culture war bullshit. And their voters still believe it and vote against their own interests.

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Anonymous replying to -> #3 17h

I’m an Econ grad, and you’re misunderstanding the issue. Economic policy has effects which can take a while to appear in the data. The inflation during Biden’s term, for example, is a result of the stimulus checks (3/5 of which were under Trump). Controlling the money supply is a form of monetary policy meant to avoid a recession or slow down an overheating economy. The textbook outcome of this is that the issue is avoided, but inflation will remain high in the long-run (1 year or more)

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Anonymous replying to -> #3 17h

Not super relevant here, but you could do the same thing through taxes or government spending and that’s called fiscal policy. Other monetary policy would be the government buying/selling treasury bonds or by raising/lowering interest rates. On the other hand, a lot of what Trump is doing cannot be called economic policy. He is creating economic shocks and supply chain disruptions. If you bomb the Middle East, you know oil is gonna spike. If you impose a tax on imports, import prices rise.

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Anonymous replying to -> #3 17h

Some of what he does has a time and a place, but he doesn’t understand the time or place to use them. A lot of his shocks to the economy (shocks are pretty immediate too) are also his own choices rather than something made by an advisor who’s spent decades studying theory.

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