Quote:
Originally Posted by ThePrince
The hard truth that some people don’t want to hear is that a significant portion of the population, life was better under Trump, and that’s going to influence how they vote.
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Let's say you max out all your credit cards, take out a line of credit, and take all that money with you to Vegas and have a really, really fun weekend. You might spend the rest of your life thinking fondly of that weekend, wanting the rest of your life to always be like that weekend. But in reality you're steeped in the long term consequences of having that weekend. And no matter how badly you want to go back to having that kind of fun, you're probably not going to anytime soon, if ever.
Maybe not the best analogy, but it gets the point across. Trump put the economy on a sugar high by slashing taxes, where the vast majority of the benefits went to the top 1%. But the long term consequences of the tax cut was inevitably going to be inflation. Each year there was an amount of money that normally would have been removed from the economy via taxation, that wasn't removed, so with each passing year you got an ever-increasing amount of money staying in the economy. Not surprisingly, this put huge upward pressure on prices across the board. Couple this with greedflation, supply chain problems related to the pandemic, and Putin's war in Ukraine, and you had a perfect storm of inflationary forces.
Do I think the American electorate is going to realize this before November? Some will, but many will not. But it doesn't change what the truth is.