3 Comments
author

The title is misleading. There's plenty of blame to go around.

https://youtu.be/ZrJgWsj7Qhw?si=sDOCgGPxH9JorZkn

Expand full comment
author

I agree the economic situation is not good. Jon Stewart recently did a podcast on economic populism that explores failed economic policy across the political spectrum. Kamala Harris has improved opportunity and strengthening of the middle class in her stump, though I can't say how much will change or how fast.

Economics in recent years are easier to explain. Manufacturing was in a recession in 2019. Then the pandemic hit. Supply chains crumpled. Prices skyrocketed. Companies fired 20 million people. Then had to hire them all back at accelerated rates. Inflation soared. Profits ballooned... and were pocketed or went to executive pay. Under Biden, interest rates were increased to tame inflation. Inflation is down to 3% but that doesn't lower prices. Now it is unclear if we are in a recession or about to hit a growth cycle.

I could elaborate on all of this as I look at labor market data frequently.

Expand full comment

I agree with some of what you wrote, but if LEFTISTS are on the side of the poors, then what is going on here economically? We cannot pay rent while affording groceries. We cannot afford to own a house, ever. How is any of this mass immigration and inflation a result of favorable conditions? Free people will neither stand for owning nothing to be happy, as the WEF would force us, nor will we actually be free. Down with communism. 'Merca must FIGHT, FIGHT, FIGHT for freedom.

Expand full comment