In reply to: What has disgusted you with Biden/Dems? posted by OrangeJubilee
How would you feel if GDP growth were halved coming out of the Covid recovery and unemployment rates were several points higher?
You’re describing GDP and unemployment rates closer to historical norms. I’d take that if it meant showing some restraint in allowing the economy to react and absorb the previous stimuli combined with the adoption of widespread vaccines.
was the eight years of economic bashing that Obama received from the GOP because he didn't fix the shitshow that he inherited from them fast enough.
In the rearview mirror, the ARP likely wasn't need at the scale it was passed on, but we were just on the cusp of Covid vaccine availability, so, did we really know? He went with better safe than sorry. I can live with that.
And I do think that some of the quick reduction in unemployment and consumer spending that stimulated GDP growth came along with the uptick in inflation.
last stimulus? Was that the Inflation Reduction Act? I've seen no evidence to support your claim. It can also be argued that those directly contributed to inflation, and higher interest rates.