Economics

Do you agree with this? Too far to tell whether it's true from where I stand, but curious whether it feels right from the ground.

Biden's economic theory was that you can rapidly increase the wages of the poorest workers and the ensuing inflation could be mitigated with a soft landing. This proved correct, and voters hated it so much that no one will ever try it again.

Shadow Of The Nerdtree

Do you agree with this? Too far to tell whether it's true from where I stand, but curious whether it feels right from the ground.

https://x.com/agraybee/status/1854551209517949176?t=p3VleJZLH-b5aQFQ8mMZNQ&s=19

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So you'd say the soft landing failed? Or that it left many people behind?

No I'd say that was the leftist plan but Biden ran against it. Average and median wages increased, but the federal minimum wage still $7ish/hr while rents have doubled in the past few years. The Dem narrative is the economy is good because their capitalist metrics are good but that doesn't help the working class and they don't get that.

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It seems like inflation was going to come either way, and people would have hated it regardless but perhaps there could have been more protection against the rising costs of essential goods. 

At some point Biden did seem like a genuinely pro-worker president but I guess inertia finally triumphed.

I agree, but they would’ve hated other options more. Trying to make best of bad situation.