MSNBC's Lawrence O'Donnell is joined by Yale Professor Jeffrey Sonnenfeld to discuss the latest evidence of the successes of Biden's economic policies. Sonnenfeld says Biden is having the strongest positive effect on the economy of any president since FDR.
Presidents do not control the economy, Presidential Administrations do impact an economy. The only President I know that killed an economy was Trump due to allowing covid to rage out of control and denying that it was happening.
Taking covid seriously was not going to save the economy. It would’ve saved lives, but the economic impact of covid was a global one.
You forget if we had been inside for 2-4 weeks it would have been over.
Plenty of other nations were done with it well before us.
Everybody complains about the shut down, but we didn’t have a shut down. Half of Americans kept walking around, fighting mask requirements and coughing on shit deliberately. Schools closed, but so many went to private schools and makeshift daycares, and it wasn’t even the kids spreading it. Doctors stopped seeing patients and sent everyone to the ER. Millions died preventable deaths.
No. You would have had to keep every citizen from every country inside for 2-4 weeks and enforce incredibly strict N95/KN95-only mask policies. If you have a single city not doing zero-COVID in this scenario, you lose containment.
I don’t get your point. Thanks for agreeing w/ me?
You seem to be stating if the US response had been 2-4 week strict lockdowns that we would have eradicated COVID.
I am telling you no, it wouldn’t have prevented much unless every single human being on the planet was also in lockdown for the exact same 2-4 week period.
Seemed to work for so many countries but sure let’s go w/ that lol. Americans will die on any/every hill.
Which countries that locked down hard suffered a smaller economic impact?
It was only a global impact because of widespread denial of the facts. Trump was at the forefront of that denial from the beginning, and many other countries seemed to follow his lead. Much of global impact could have been avpided entirely of Trump had instead decided to listen to the doctors that actually deal with epidemics and insisted people follow the basic protocols from the beginning before it expanded due to lack of action, instead of vilifying the medical community at every opportunity.
Yes but pretending like it didn’t exist and allowing it to spike harder than ever, so bad things has to be shut down, was a big negative impact
He told his followers it was bullshit and they acted accordingly, spreading it like mad
And before people say that it didn’t need to be shut down, they ignore that the hospitals were overwhelmed and could have been even more overwhelmed if we didn’t have mask mandates and/or lock downs. People were being denied health care because the hospitals had no space.
How about repealing the Glass-Steagall act under Clinton? You cant look at things in a vacuum because impact from policy is delayed. 2008 didn’t happen because Bush signed one or two documents, it was decades of policy and corruption. Saying “The only president you know” seems quite unfair. Regardless if you think Trump is a shit-bag or not.
Trump is absolutely a shit bag but also a terrible leader and bottom rung president who was so shitty it made Bush 2 look slightly competent.
In fairness, it was either or:
Take COVID seriously
Not destroy the economy
Early lockdowns probably saved a million lives. But the supply chain issues we’ve faced since are the ripple effect from those two/three months. Countries like China that took the pandemic more seriously faced worse economic fallout.
Additionally, the previous administration signed off on Congress sending each us of unemployment, PPP, and thousand dollar checks. All of that helped enormously.
I hate the previous president personally, and feel he’s the most unqualified man to ever hold the office, and feel he’s the closest we’ve ever had to a fascist coup. But that does not mean every decision of that administration was automatically wrong.
Are we already forgetting what happened 3 years ago?
STATES and the CDC called lockdowns while the president told people it would just pass, it could be cured with sunlight, to drink bleach, and take horse dewormer.
Trump did NOT take covid seriously.
How many of the million people that died were due to him playing make believe is hard to measure, but he killed people by telling them bullshit.
Hornswoggle. Balderdash. Bull fucking shit. Countries that took it seriously suffered fewer economic disadvantages, spent less than we did per capita, and recovered more quickly.
The countriea that fared the best
Had clear and unified messaging from their government, backed by science.
Shut down quickly and completely, paying people to stay home.
Provided universal healthcare and prioritized their frontline healthcare workers.
Destroying the economy was a result of our slow, confused response, ignoring the recommendations of experts, making the response political, and bailing out industries instead of individuals.
How does a lockdown HELP the economy exactly?
Work still has to be accomplished. Otherwise it’s money chasing NO product. Which is what we’re still recovering from.
Sometimes doing the right thing (lockdown) has COSTS. Serious economic costs. A “have our cake and eat it” mindset is, sadly, a fallacy.
How does open heart surgery help your chest? You have to make a huge incision and poke around, causing all sorts of lasting damage.
Of course the lockdown would have had costs. Global pandemics tend to affect the economy one way or the other. A total lockdown would have shortened the pandemic, getting people fully back to work sooner, killed fewer people, and ultimately cost less than the half-assed bullshit we couldn’t even get the President to do. Several countries managed to avoid the l9ng term economic downturn by doing exactly what I just said in the last comment.
People are already rewriting history.
Trump was in money printing mode all the way back in early 2019, heres one of many articles from APRIL of that year https://www.cnbc.com/2019/04/30/trump-calls-on-fed-to-cut-rates-by-1percent-and-urges-more-quantitative-easing.html
I’ll remind you all that Trump is always projecting, and he’s previously accused the FED of keeping rates low to help obama . So I find his motivations clear for asking the fed to drop interest rates in 2019 before his upcoming election.
Trump and the GOP had to be dragged kicking and screaming into doing any additional COVID relief, it was nothing compared to the amount of money given in tax cuts to the rich FOREVER, and the PPP money went to the top 1/5 of households, people who were already rich
I don’t even know if you can say that Trump killed the economy. If you look only at the economy, then comparing the US to Europe, the US economy weathered the pandemic much better. Congress, under both Trump and Biden, passed very generous support packages. The Biden package was arguably too generous, and kickstarted the current inflation.
And inflation is the main reason polticially-disengaged people “feel” that the economy is no good under Biden. Last I checked, real wages for blue collar workers are still lower than when Biden took office.
This won’t be a popular opinion on Lemmy, but I agree. Biden is far from the worst president we’ve had, but some people tend to whitewash his flaws because he’s not an orange dullard LARPing as Hitler.
Same old lie. Trump started demanding money printing in early 2019 to juice the economy for an election year, because he knows republicans are simple and don’t understand that policy decisions take time to take effect. You had inflation coming your way before COVID.
Everyone I heard who wanted to vote for Trump was saying ‘my bank account has never looker better, screw inflation!’
Well, fucking eat it you idiots.
Rage out of control? So operation warp speed means nothing to you huh…
You were probably one of the many who screamed racist when trump banned chinese people from entering in Feb 2020. You probably also applauded when Nancy Pelosi said to visit China town in SF days before shutdown.
I mean… that is racist. China is a huge country and most Chinese people were not any more a danger than most American people because they had been nowhere near affected areas at that point. So banning every Chinese person? Racist. Sorry.
You have either
A. Literally no idea what you are talking about
B. Agenda’d so far up the ass that anything anti trump must be true.
It was only foreign nationals coming from china. If you were a resident or family of an American citizen you were still free to come. This was only 11 days after the first US death of covid in NY but also 8 days after the state of Wuhan closed all of its borders to quarantine. This was probably a mistake because he should have closed it to EVERYONE coming from China. On the other hand China waited until the end of March to close its entire border to the world, weeks after most countries and after tens of thousands of deaths had already occured.
Either way, you still neglect the fact that this was a good measure when it wasnt sure how bad it would end up being. Im sure you would had preferred open borders until china closed theirs entirely though. You would prefer the ‘rage out of control’ part of your argument as long as someone you preffer does it but if its Trump its still ‘Rage out of control’. You also neglected operation warpspeed which is funny, seems like you guys always forget that Trump pushed the vaccine in the first place.