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I dunno whats worse, the fact that Biden's senility is so bad he is a laughing stock, or the fact that people, fully seeing his senility, might still find it better than Trump, and they arent entierly wrong either.
I mean, I find them both to be so far into the absolute shit category that comparing them is a pointless exercise. Its like debating which pedophile would make a better babysitter.
@realcaseyrollins We havent had a "good" president in yours or my lifetime. Trump did things intentionally to look good due to the idiocy of the american people at the expense of actual long term harm constantly.
For example people will say he did good on economy by looking at unemployment or stock figures. When the truth is he engaged in massive QE on a level never before conducting in US history. It has the known effect of creating a short term temporary spike in economy at the expense of massive crippling long term inflation. Everyone was screaming foul. Now here we are suffering from those effects but because Trump manipulated the situation everyone is going to blame it on Biden instead.
Thats **not** a good president, thats a president with an ego, a president who cares how people see him, not what good he actually does.
@freemo Well #QE isn’t the only policy of his that affected the economy, he also did things like approve new pipelines and deregulated certain sectors to a degree. Production boomed under his presidency, keeping pace with the #QE, which is why he got away with it. He really shouldn’t have used #QE in the way that he did, because that would have made the economy boom even more.
But what makes you think that #Trump did this merely for optics’ sake?
Complex systems take time to change… best practice is to look back a government of two to explain what you see now.
The announcement of a thing isn’t the thing itself… that will take time. If a program is good look for an announcement ten years ago, and thank that person. If things are shitty, look for a change made 4-6 years ago.
If I’m running full tilt across a field and trip, I won’t find the hole that tripped me where my body landed.
Its more nuanced than that. Some changes will and do happen instantly, others may take a life time. For example stock prices will usually suddenly shift around an election. This effect is immediate and will ripple out to effect the economy. These effects are usually the day of the election and repeated on inauguration day.
Public perception can have huge impacts on economy but the much larger and long lasting effects tend to take time as you say.
Point taken, but to what extend to those immediate effects work out ‘in the wash’ as notable but in the end not necessarily more significant than any other demonstration of market volatility?
My point is that we generally pay too much attention to economic weather and are blind to the things that affect the economic climate.
And wrecking things usually works faster than building them
@freemo @DavidM_yeg While you’re right, stock prices are 50% perception. The general idea of someone doing something can impact stock prices.
And that’s why stock prices are a pretty shitty way to measure the health of your nation and its economy
Well stock prices are a great measure of **perceived** economic health.
Yup. Having survived half a century on this planet, I find it is more fruitful to spend my time on uncovering what actually *is* rather than other people’s perception of what they decided it ought to be.
Its not their perception of what "it ought to be" though, its their perception of what is. That perception may be true it may not. But even if it isnt true its equally as important as it effects the truth.
How people perceive the economy, particularly over long periods of time, effect how they spend and invest, and that has very real quantifiable long term results.
You simply cant seperate one from the other, which is why the stock markets value is a very critical metric and neccesary (among many factors) in assessing both the current situation but more importantly what the economy will look like in the future.
@freemo I mean, in general #Trump was a pretty good president, although I still hold his treatment of #MikePence and the #COVID19 stimulus checks against him. Both of those things were at best, severe lacks of judgement, which is why I’m not exactly supporting him during the #GOP primary process. We can certainly do better than him this time around.