119 upvotes, 13 direct replies (showing 13)
View submission: Thoughts on trump’s economy?
I am one of the many Democrats who ardently believed that inflation was transitory. And I continue to stand by that belief and feel vindicated when they announced the "soft landing" in mid 2024. We did not get hyperinflation like what many people claimed in 2022. We did not get recession like what people claimed in 2023.
We overcame the problem.
What Dems could have additionally done was explore ways on how to mitigate the effects on average person rather than rely purely on the Federal Reserve to raise rates to combat inflation, even as the Biden Admin went all out on additional inflationary fiscal policy under the IRA and CHIPS Act.
For one, extending the child tax credit from the pandemic era and realizing earlier just how bad the bird flu would impact food prices.
Comment by PranosaurSA at 10/03/2025 at 19:46 UTC
43 upvotes, 2 direct replies
What would be extraordinarily stagflationary beyond any living American's belief would be losing access to semiconductors. There's a reason why the CHIPS act was passed. No one wants to see -15% GDP growth
Comment by Gold-Bench-9219 at 10/03/2025 at 21:55 UTC
21 upvotes, 0 direct replies
Yeah, if only there had been a candidate running in November who wanted to expand the child tax credit, among other things. /s
Comment by Haunting-Ad788 at 11/03/2025 at 00:28 UTC
7 upvotes, 0 direct replies
Republicans blocked extending the child tax credit.
Comment by droidization at 10/03/2025 at 20:49 UTC
7 upvotes, 1 direct replies
How was the CHIPS Act inflationary? It helps to onshore critical semiconductor manufacturing.
Comment by Dramatic_Skill_67 at 11/03/2025 at 00:41 UTC
5 upvotes, 0 direct replies
Dem wants to expand the child tax credit but the House GOP prevented that
Comment by TheFlyingSheeps at 11/03/2025 at 12:10 UTC
1 upvotes, 0 direct replies
Republicans shot down the tax credit. Republicans also shot down a large majority of measures that would have helped the average voter. Dems only held a slim trifecta for the beginning and then lost the house
Comment by _mattyjoe at 10/03/2025 at 20:00 UTC
-1 upvotes, 7 direct replies
Dems also could have just spent some time actually explaining this intelligently to Americans so they understand what was done. They have no idea.
Comment by Traditional_Swim4 at 10/03/2025 at 22:36 UTC
0 upvotes, 0 direct replies
Yes, this. The legislative fixes were INSANELY easy after a period of good decision making during crises - which makes the fact that the rhetoric won even more depressing.
Comment by Maleficent-Rate5421 at 11/03/2025 at 03:50 UTC
0 upvotes, 1 direct replies
Dude, you lost transitory inflation when they jacked up rates. If it was transitory rates wouldn’t have needed to go up. Soft landing will likely be wrong too, we could be in a recession already (we typically don’t know when a recession starts until it’s already over). You can blame trump, but it may have started before his tariffs took affect, but he also did nothing to prevent it. He clearly is willing to have one to realign the global economy
Comment by tpotts16 at 11/03/2025 at 16:50 UTC
1 upvotes, 1 direct replies
Why are you all like this though, regardless of inflation all of the metrics point to an extremely sick 1920s bubble laden economy that is about ready to pop with substantial Consumer debt….
Comment by Ok-Armadillo-5634 at 10/03/2025 at 21:54 UTC
-2 upvotes, 1 direct replies
We curbed inflation by raising interest rates, because it wasn't transitory.
Comment by North-Beautiful7417 at 11/03/2025 at 00:23 UTC
-2 upvotes, 2 direct replies
Should the US be paying for the following below using taxpayer money? #DOGE
“US taxpayer dollars were going to be spent on the following items, all which have been cancelled:
Comment by wafflemakers2 at 10/03/2025 at 19:40 UTC
-8 upvotes, 2 direct replies
Yeah, they just changed the definition of a recession instead.