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New to the politcs game. Can you explain why Biden is good?
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(05-23-2023, 02:19 PM)OG-JAGFAN Wrote: I see a country who is in a civil war with sexism and indentity politics. An economy on the verge of Collaspe, Inflation, debt, layoffs, possibly a recession. I know that even his big promise of Loan Forgiveness may not go through for the vast majority. First and foremost, certain economic factors are controlled by the Federal Reserve, not the President. Inflation doesn't happen in 2 years. Inflation is a result of keeping rates at 0% and giving our free $$ (stimulus checks) when it was really not needed at all. Now, the Federal Reserve is trying to control inflation by increasing lending rates and need people to be laid off to reduce spending. As such, lower inflation, higher unemployment and less spending is best for the US Dollar right now. |
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