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Why the Full Employment Created by Bidenomics Should Be Celebrated (prospect.org)

submitted 1 year ago by tintory@lemm.ee to c/politics@lemmy.world

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[+] jimmydoreisalefty@lemmus.org -53 points 1 year ago

Let us see if Bidenflation is much better closer to 2024...

At any rate, I will have to admit that I have a personal stake in this debate. Back when the American Rescue Plan was being debated, I argued against Larry Summers’s notion that its size should be slashed because it might cause inflation. I said the balance of risks was not even close—on the one hand a continuation of the economic lost decade of the 2010s, but on the other some inflation that would cause only moderate pain. Inflation did come—and while I don’t believe Summers was right about the causes, which were more about the pandemic and the war in Ukraine than Big Fiscal, it did turn out to be quite unpopular.

The Lawerence Summers that blamed inflation on Jan. 6 2021, this is the person people are looking for advise?

Jimmy Dore did a video on him on Jun 15, 2022.

Obama Advisor Ties Inflation To January 6 https://www.youtube.com/watch?v=z4L8PHBowpk

[-] nublug@lemmy.blahaj.zone 20 points 1 year ago* (last edited 1 year ago)

jimmy dore is a cryptofash and you spread cryptofash shit everywhere.

[-] protist@mander.xyz 19 points 1 year ago

Who the fuck reads this and thinks the author, who clearly states they disagree with Larry Summers at every point, is looking to Larry Summers for advice? And who gives a flying fuck about Jimmy Dore? Are you Jimmy Dore?

[-] Ensign_Crab@lemmy.world 20 points 1 year ago

He spams links for Jimmy Dore's youtube channel.

[-] sirboozebum@lemmy.world 8 points 1 year ago

Of course, inflation that every industrialised country is facing is because of Joe Biden.

[-] jimmydoreisalefty@lemmus.org 1 points 1 year ago

Person who is currently in charge gets blamed as history shows.

What caused inflation? Federal Reserve printing out money like crazy for wars.

I do not see a push for a Great New Deal.

Mostly just corporate democrate talk and half tries.

this post was submitted on 10 Oct 2023

252 points (90.6% liked)

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