Example: Sleepy Joe managed to attain a higher rate of economic growth than Marxist-Keynesian Donald J. Trump aka the GREATEST American president ever!
Understandable. Presumably the bounce from a steep recession will be a good one.
Think of the political implications of this from the perspective of voters who have little understanding of economics or economic policy, and who consistently exaggerate the influence of the President, and government in general.
Example: Sleepy Joe managed to attain a higher rate of economic growth than Marxist-Keynesian Donald J. Trump aka the GREATEST American president ever!
I was referring to the tax-cut driven increase in deficit-financed fiscal expenditures during the reign of Trump I. The exact opposite of what conservative Keynesian business cycle management would call for. But I get the Lenin reference.
Maybe Americans find themselves between a rock and hard place but frankly, I say screw the bi-partisanship and do what you have to do to get the pandemic under control. Place the country on an almost war-like footing and then play bi-partisan footsies with the republicans later. Economics outcomes will not sustainably improve until this threat is under control. Borrowing costs are low, interest payments are manageable and the government should exploit that to fully gear up.
If I understand correctly the White House proposes transfers to prop up state and municipal governments. From what I have read, many US states and municipalities are not fiscally equipped to deal with a unexpected emergency like this pandemic.
I hope Biden sticks to the programme and essentially ignores the Marxist Senators from Trump's Republican Party.
I always thought they were more Leninist than Marxist, but hey ho.
I was referring to the tax-cut driven increase in deficit-financed fiscal expenditures during the reign of Trump I. The exact opposite of what conservative Keynesian business cycle management would call for. But I get the Lenin reference.
Maybe Americans find themselves between a rock and hard place but frankly, I say screw the bi-partisanship and do what you have to do to get the pandemic under control. Place the country on an almost war-like footing and then play bi-partisan footsies with the republicans later. Economic outcomes will not sustainably improve until this threat is under control.
Borrowing costs are low, interest payments are manageable and the government should exploit that to fully gear up.
If I understand correctly the White House proposes transfers to prop up state and municipal governments. From what I have read, many US states and municipalities are not fiscally equipped to deal with a unexpected emergency like this pandemic.
I hope Biden sticks to the programme and essentially ignores the Marxist Senators from Trump's Republican Party.
I always thought they were more Leninist than Marxist, but hey ho.
If I understand correctly the White House proposes transfers to prop up state and municipal governments. From what I have read, many US states and municipalities are not fiscally equipped to deal with a unexpected emergency like this pandemic.
I hope Biden sticks to the programme and essentially ignores the Marxist Senators from Trump's Republican Party.
