https://www.manager-magazin.de/unternehmen/volkswagen-chef-d... "Germany much better than the picture painted"
https://www.deutschlandfunk.de/arbeitslosenquote-im-euroraum... "Unemployed rate at its lowest in the EU"
Similarly, in the US: https://www.theguardian.com/us-news/article/2024/may/22/poll... "Majority of Americans wrongly believe US is in recession"
We wouldn't be where we are with right-wing votes if we wouldn't have this much panic pessimistic breaking news everywhere I feel. There are definitely more perspectives. (And yes I know, unfair distribution plays also a huge part in very different perspectives..).
Certainly looking at the UK economy, I can trace back the source of our current problems well beyond the current election cycles even if the incompetence of the current government has not helped.
The USA has been in “unrestrained borrowing” because it’s been funding itself with continuing resolutions rather than a budget since 2009. That means that the extra trillion dollars in 2009 “temporary” stimulus has been added to the debt every year since on top of the prior trajectory. This is easily seen if you look at the relevant graphs on FRED.
That said, government borrowing or money creation doesn’t directly cause inflation either. Sad to say, the inflation we’re seeing appears to be as much on the production and importing side as it is on the demand side.
Where are the modern monetary theorists when you need them?
They seem to have all disappeared lately. Used to see them as pundits on news shows daily (or in replies to my comments here) and now they are just gone suddenly.
It was legitimately the belief of the ruling class in the US that printing money isn't inflationary. You would be laughed out of the room to suggest the fact. I was.
Because it presumes the only reason people are voting "right-wing" is because they are reading "doomsday news". Versus, you know, disagreeing with the way the "left wing" have been running things.
Not sure why the left are going with "You're not poor, look at these charts" as a political strategy, but unsurprisingly, people aren't buying it...the world over.
You: enlightened
People voting against their governments across the world: no idea how good things are.
Yep, nothing to do with trump.
https://www.crfb.org/blogs/how-much-did-president-trump-add-...
If you think this way remember all the left-wing popular movements in recent times, like Occupy Wallstreet, Universal Healthcare, Climate Change, BLM or Palestine Solidarity. Now why do you think liberals in power did absolutely nothing for any of those causes? Why do left-wing protests do nothing if we are ruled by left-wing politicians?
Do you know anything about the current or former German governments?
Otherwise, you are, despite your sarcasm, stating the truth. Nevertheless it might behoove you to learn more about how the US system operates. Like Biden after him and Obama before him, Trump had the choice to either sign the continuing resolutions that Congress sent him, or to refuse to fund the government altogether. This is something called Hobson’s choice and it’s not really a choice at all.
No, only the government thinks like that.
1. Where did I mention the US?
2. You don't get to tell other people what they can talk about on these forums.
You wont find me defending any president :)
You don't get to tell people what they can complain about.
In fact as one can see from the data, the rate of increase slightly moderated during the Trump administration until the pandemic stimulus. Notably there is no corresponding end of pandemic inflection point.
[1] https://www.nytimes.com/2024/03/04/us/politics/trump-corpora...