Dems do not understand economics.
They understand economics just fine, they’re not as stupid as we like to think. If they were they wouldn’t be running everything.
They view everything from a prism of what will increase their power. A large, happy, prosperous American middle class doesn’t increase their power. A large discontent class of poor who are reliant upon government handouts increases their power. When you look at it from the point of view of a oligarch or Democratic Party leader it’s easy to see why they don’t want a healthy economy. Don’t confuse that with them not understanding economics, they do. They’re just using it to their advantage.
Could not have said it better myself.