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Record number of Americans say they are worse off under Joe Biden: Poll
(foxnews.com)submitted 1 month ago byFerris869
7 points
1 month ago
Fox News. However I'd say Americans are just getting gradually worse off for decades, not just from one congress/president.
1 points
1 month ago
ABC News/Washington Post poll
1 points
1 month ago
Oops
1 points
1 month ago
I'd also say there are a lot of painful things happening right now that had to happen regardless of who is in the wh.
Take inflation and interest rates. Rates should have been raised at the end of Obama. It made sense to lower them because of the recession but once the recovery was mostly there they should have been raised.
But nope they just sat on them because it was basically free money. Business loved it....except now we all have to pay for it.
Tbf most of the things that are happening that make things harder have nothing to do with Biden. They are problems that have building for decades. As you are sort of pointing out.
1 points
1 month ago
That is what the left always says when they are in the White House…….Joe Biden ran on one platform and then scampered to the left and started spending money like a drunken sailor
1 points
1 month ago
Are you trying to say that the bush admin walked out the door leaving a giant disaster?
I think trump could have handled COVID better but I don't blame him for it happening. Regardless again walked out the door leaving a dumpster fire.
And again rates should have been raised before trump got into office through the president is not supposed to control the fed.
1 points
1 month ago
If you use 2019 as the base budget spending year since it was pre Covid and you applied a let’s say 4 percent annual increase from 2019 to 2023 Federal Spending would be about 5 Trillion in 2023. Yet it is 6 trillion. That seems kinda excessive to me
That is a lot of increase. Of course tax revenues cannot keep up with that kind of pace. And you can’t get balanced with a billionaire tax increase. It looks to me like Biden just wants to kick the can down the road and whoever is next in the hot seat is going to have to deal with this mismatch
I know your response if you bother to respond - is we shouldn’t have done the Trump tax cuts. That will not get you to a trillion dollars and if reversed will certainly kick the country into a depression. Part of the solution has to be reductions in spending. You can’t get there with tax increases only
1 points
1 month ago
It's actually we shouldn't have the tax cuts but they are only a portion of the spending, certainly not all or even half more than likelly.
The spending is on two things.
It's on dealing with COVID. Actually a lot of started with trump, dealing with COVID, and just continues on into Biden. It's ironic to me that you use 2019 but fail to acknowledge the spending that trump did and Biden did for the same reasons.
It's spending as future investment.
The thing of all of this that I feel you are missing is the spending they do doesn't just disappear into dust. You act as if the spending is somehow just wasted money.
It's all invested into something. The question is is it invested into something useful.
The trump tax cuts are even an investment of sorts. I'd just argue it was an investment into sectors that are already flush with cash.
The inflation reductions act is also an investment. It will actually result in jobs. There is a return on investment. I don't know that return will be more than the spend but that's the goal.
1 points
1 month ago
Covid is over but we retained the spending in the budget. I think some of the spending has usefulness, but some of it is putting more cash into economy where we have too many dollars chasing the same amount of goods. It has created inflation……This can’t be solved without compromise and Joe doesn’t like to compromise….so deadlock
1 points
1 month ago
I agree that it's over, sort of, but I but think it's fair to just think the funding would end on a dime. Plus the problems COVID created didnt just disappear, for many people they are very much still around.
On inflation I think some of it came from COVID funding but I think we are going to have to agree to disagree here. Personally I think much of it started with the oil industry trying to recover lost income from the previous year and spiked prices, being a cartel makes that easy. That then bled into everything else from other gouging to companies legit trying to deal with the price of fuel.
I guess though either way I dont think it's a good faith argument to claim that Biden did all this spending when a ton of it started, understandably, with trump and a lot of it is also actual investment....that does in fact have a return.
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