Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
If you actually read the article the point is that inflation is down and inflation-fighting effects of the legislation are likely to pay off in the long run. He only “regrets” the name in the sense that no one realizes it is the biggest effort to fight climate change the country has seen.
Meanwhile all the R’s who predicted it would spike inflation have been flatly wrong
My PhD in economics says you are wrong.
The bill did nothing to reduce inflation. NOTHING. The fed gets all the credit here. The raising of the interest rates is the answer o why inflation is reduced. The higher rates, slow down the economy.
Period!
The president gets Zero credit and some does the bill.
Yes, I agree. People do not understand that national governments have very little power over global economic pressures, and sometimes good reasons not to overload on short-term incentives which will add to the national debt. Mostly governments inherit good and bad things from the previous administration, and try to figure it out. The pandemic recovery cost every nation on earth an enormous amount of money. They are all still digging out, and only the US has done exceptionally well. We should be relieved for American dynamism and the Fed's tightrope walking, instead of blaming Biden or Trump.
Immigration is another perennial problem of the developed world that never has good solutions from the left or the right. The right appeals to xenophobic fears while ignoring that we need immigrant labor, and the left ignores the strain border communities are put under and does precious little to control the flow. Both ignore the fact that to have controlled immigration that doesn't take a lifetime to get a green card, thus pushing people into illegality because they can't wait that long, they need to put money where their mouth is and fund USCIS and other agencies so that people can be processed within humane time periods (either approved for immigration or escorted out).
I've been here for 20 years, on a series of work visas, and I will wait many more years for my green card. I've been able to stay legal because I have money and resources. The majority of illegal immigrants are onesk who fall out of status - despite desperately wanting a legal path to immigration. Very few people set out to be illegal, contrary to what Fox tells us! But their circumstances are not as fortunate as mine.