med-mastodon.com is one of the many independent Mastodon servers you can use to participate in the fediverse.
Medical community on Mastodon

Administered by:

Server stats:

417
active users

#economicrecovery

0 posts0 participants0 posts today

2008 crashes.

Government rushes in with "solutions."

What actually happens?

❌ Recovery drags for YEARS.

❌ Banks still get their fucking bailouts.

❌ Small businesses get left to die.

Regulation didn’t fix shit.

The market corrected faster than any of these bureaucrats ever could.

Maybe—just maybe—we should let supply and demand do its thing.

📊 How post-2008 deregulation saved the economy: TradingEconomics
#Deregulation #FreeMarkets #EconomicRecovery

The Complex Landscape of Voter Economics and Accountability in the Post-COVID Era

By: Cliff Potts, WPS News, Editor-in-Chief
Baybay City | January 10, 2025

As Donald Trump prepares to take the oath of office on January 20, 2025, following his victory in the November 2024 election, understanding the intricate relationship between economic hardship and voter perceptions is more crucial than ever. This dynamic offers insights into electoral decisions and the narratives shaping public opinion.

Leading up to the pandemic, the United States experienced an economic upswing, largely celebrated by Trump supporters. The administration’s focus on job creation, tax cuts, and deregulation led to rising median household incomes and historically low poverty rates. These achievements set high expectations, especially among voters without college degrees, who experienced real gains during these years.

However, this landscape shifted dramatically in early 2020 with the onset of COVID-19. Unprecedented job losses and economic instability marked a crisis no administration anticipated. By January 2021, unemployment soared, thrusting the nation into a downturn, exacerbated by supply chain disruptions. For many Trump voters, this sudden shift indelibly impacted their economic reality.

During President Biden’s term, new narratives emerged. While some economic sectors recovered, rising inflation—fueled by supply chain issues and geopolitical tensions like the Russian invasion of Ukraine—compounded the challenges. Notably, inflation rates were higher outside the USA, highlighting the global nature of the post-COVID inflation spike, caused by too much money chasing too few goods. Many Americans, including Trump voters, redirected frustrations toward the administration, often oversimplifying these dynamics and blaming current leadership without acknowledging inherited circumstances or global influences.

Trump’s successful 2024 campaign effectively capitalized on portraying the Biden administration as ineffective amid economic challenges. By tapping into existing frustrations within his base, Trump leveraged the early achievements of his first term against the chaos of the pandemic to gain deeper voter support. Economic messaging remained vital, especially for a base feeling left behind in a shifting economy.

Accountability remains a contentious issue. Is it fair to hold leaders responsible for economic consequences beyond their control? With job losses from lockdowns and a strained global economy, voters may focus more on immediate circumstances than the complex web of causes.

Ultimately, reflections on economic outcomes during and post-Trump’s first presidency offer significant lessons as he prepares to lead again. As we enter this new administration, the interplay of economic realities and narratives will influence both voter decisions and trust in leadership. The coming years will be pivotal for both electoral outcomes and public trust in leadership amid challenging economic realities.

WPS News remains committed to examining these vital discussions and will not allow the new Trump administration to rewrite history in its own image – we have had enough of that. As we look towards the future of our nation’s political and economic landscape, understanding these dynamics remains essential.

Continued thread

"Biden and Harris broke the suffocating “Washington Consensus” on economics. They put a stake through neoliberalism. Now, the vice president has to convince voters that her antitrust, trade, and public investment policies, unlike Trump’s, will improve their lives."

~ Phillip Longman

#Biden #KamalaHarris #EconomicRecovery #inflation
/30

washingtonmonthly.com/2024/07/

Washington Monthly · Biden and Harris Broke the Suffocating “Washington Consensus” on EconomicsBy Phillip Longman

Why can't #Democrats make the case that #RustBelt "forgotten" counties in red states have added #jobs 5x faster during the #Biden administration than they did during Trump's term. Would those regions experiencing a largely ignored #EconomicRecovery even consider #voting for ol' Joe? Don't count on it...

nytimes.com/2024/07/08/briefin #PaywallLift #GiftLink #NYTimes

The New York Times · A Remarkable ComebackBy Jim Tankersley

"According to economist Steven Rattner of Morning Joe, the United States has now had 26 consecutive months—more than two years—of unemployment under 4%, the longest stretch of unemployment that low since the late 1960s.

Rattner pointed out that immigrants have helped to push U.S. growth since the pandemic by adding millions of new workers to the labor market."

~ Heather Cox Richardson

#jobs #unemployment #Biden #economy #EconomicRecovery #immigrants
/1

heathercoxrichardson.substack.

Letters from an American · April 5, 2024 By Heather Cox Richardson

Cities will be the engine of Ukrainian resilience, recovery, and return. The special representative for economic recovery of Ukraine at the US State Department, Penny Pritzker, visited Lviv on April 2 and met with representatives of Ukrainian business and IT sector to work on ways to strengthen economic ties through innovation and entrepreneurship. #Ukraine #EconomicRecovery