Ironic. Were it not for Bidenomics fixng the economy, the Trump economic disaster might have reached bottom already. The same pattern repeats over and over. The GOP siphon drains the public stores to enrich billionaires. Dems get the stores replenished. The GOP siphons them. Repeat.

:mastodon:

Paul Krugman:

"So basically Trump has backed down in his confrontation with China. If this was a trade war, China won.

This whole confrontation has been a demonstration of Chinese strength and American weakness. Add in the way that Trump has alienated our allies, and it seems fair to say that America is no longer the world’s leading power.

You might say that he ceded the future to China in return for a hill of (soy)beans."

paulkrugman.substack.com/p/wer
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