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Donotunderstand

02/06/25 8:57 AM

#816267 RE: Wingsjr #816165

there was an ugly 2 year period of 20% inflation

that may be because JB and DJT pumped money into the economy to fight a COVID depression
that may be because JB pumped too much money into the economy
that may in part be a snap back from Covid (some part was early supply bottlenecks)

for sure that inflationary period beat up the the top of the DEM ticket

At same time job growth was great (even discounting a high rate of city county and state employee growth - again post covid layoffs)

GDP growth was above post WWII average

Wage growth shadowed the inflation growth --- just about matching it (that is what one should watch over these four years - inflation in context of wage growth - which is higher)

Inflation is now low again

Americans - as is their right - want 2020 prices and 2024 wage levels

If that continues - it is bad for any POTUS --- and I think we may see R to D and to R to D to R to D until we figure out to again make ends meet BETTER with our capitalistic system inside a democracy. Not easy in this decade and when AI beats up on jobs