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This Is Biden’s Soft Landing, and He Deserves Some Credit
(newrepublic.com)
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this post was submitted on 19 Nov 2023
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politics
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This is the truth. The fact that this is all due to inflation that was caused by Federal Reserve money printing during the Trump administration will be lost on most people.
Granted that was all due to COVID (and exasperated by ignoring it for a time), but still, Biden will be blamed.
Biden does bear some blame though. He repaired the economy for the top 10 percent. Even an acknowledgement that it's not done or that Congress is blocking things that would help the rest of us would help him.
Instead it's another round of, "my rich friends are happy, why aren't the people voting for me?"
Because to him and everyone else at the top it's just them in their walled gardens and we really are just numbers. It's basically impossible to really comprehend our lives from theirs.
Worse most of it came from over 17trillion given to the banks before covid during trumps administration. This started the inflation climb which was then exacerbated by covid and supply chain issues. And you have the cftc prolonging swap reports almost endlessly to hide short positions being built in equity swaps with those banks. But no one will look to the fed reserve because it was "Biden's fault" not wall street making bad bets again and getting another handout to balance collateral.