Posted on 04/18/2024 5:38:21 PM PDT by simpson96
Does anyone remember when in 2016, Barack Obama mocked then-candidate Donald Trump over his campaign comments about revitalizing the American economy? Obama painted Trump as a naive and foolish con artist, because this was a complex issue and Trump lacked a “magic wand.”
Well, what Obama either didn’t understand, or at least pretended to not understand—an effort to cover over calculated sabotage, no doubt—is that economic prosperity is perhaps one of the easiest things for any developed nation to achieve. It’s as simple as getting the government out of the market—which is exactly what Trump did when he got into office. Jobs came back at a record pace, industries roared to life once again, and the stock market went through the roof. It’s exactly what Argentina’s Javier Milei has done, creating a nearly-six-hundred-million-dollar budget surplus after a mere 60 days of slashing government “jobs” and rolling back useless programs that would die a quick death if forced to exist on merit.
So why are the above realities...reality? Because the economy is not a sentient being with a mind of its own, it’s an inanimate byproduct of human activity and influence.
But strangely enough, Joe Biden thinks otherwise, and in a recent interview claimed that inflation in the U.S. wasn’t his fault, it was simply being “stubborn.” Here’s the story, from a report by Ian Hanchett at Breitbart News this morning:
During an interview with Nexstar Media that took place on Tuesday and was released on Wednesday, President Joe Biden stated that inflation ‘is being stubborn and not going down to the 2% we need…’
Well what a nightmare! Inflation has become self-aware, and it’s not even a helpful and accommodating little creature, but more like a bratty toddler prone to temper tantrums and emotionality, or a
(Excerpt) Read more at americanthinker.com ...
I really think that's true.
And it's really amazing how rare it is for a nation to really achieve the prosperity it should. The Ruling Class enriches itself and screws everyone else.
Simple answer…..Drill Baby Drill !!
All bammy had going for him was shucking and jiving.
Lifelong grifters and simpletons like Obama and Biden have no grasp of economics. To think that getting elected somehow makes idiots economic gurus is ridiculous.
Inflation means different things to different people.
Taylor Swift - New Orleans - Oct 25
SUITE 378
Row 26TIXS | 1 ticket
Last Ticket in Section
$78,682 ea
Sadly, not unbeleveable.
Inflation: too much money chasing too few goods. Notice how Bitcoin, which is limited , keeps going up , even when it is nothing but software?
We now have millions employed by government, many of which are unionized no less.
If I ran a private business like this obese federal government runs itself, I’d be bankrupt, in extreme debt and living under a freeway off-ramp.
A computer could run this monster way more efficiently. Government needs to be reduced dramatically across the board. Millions of these government workers have become an all consuming crushing burden...Heavy luggage. This ever growing bloated corrupt government spreads like a disease, and will eventually choke the entire country off.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.