"Blame The Democrats" Isn't A Substitute For Understanding Government

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Trump's Inheritance

 

Economists To Trump: Don’t Screw It Up

How Low Can Republicans Go? Always Lower.

Ah, our annual State of the Union, where Republicans can remind all of America how vile, nasty, petty, childish, and uncivil they are. They are not an adult party. They are not a serious party. Nothing but greedy, imbecilic, attention-whores.

5 Takeaways From the State of the Union

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Yes. You are better off under Biden than Trump.

Turn That Frown Upside Down

An overarching theme for Republicans, regarding the next election cycle, is this idea that things are an economic mess. Times are tough, everyone is struggling. 

Yet, in many metrics, a reasonable, non-partisan observer would most likely conclude that times are, generally, good. 

Unemployment

The current unemployment rate is under 4% (3.7% as of today for the U.S.; 3% for Wisconsin). And, despite an historically low unemployment rate, wages are rising.

Interest Rates

Historically speaking, interest rates are low. In the 1970s, rates were mid-7 percent. The 1980s saw rates rise to mid-9 percent. The 1990s started around 10 percent, and finished around 8 percent. From 2000 through the 2010s, rates fell from 8 percent to 3 percent. The 2020s have seen rates rise from high-3 percent to the current mid-5 percent.

Inflation Rate

The majority of noise in the inflation rate hangs on the energy sector. A better descriptor for this phenomenon is price-gouging. The energy sector doubled gasoline prices and laughed all the way to the bank as Republicans and their accomplices manufactured the price-gouging into a Joe Biden spending (inflation) problem. It's no coincidence that as the energy sector has gouged less (gas prices have come down), inflation has fallen.

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Screenshots of Wisdom

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Biden Needs Some Business Experts

The article moans, "The new administration does not have a lot of chops when it comes to job creation. That’s largely in the domain of the private sector. Biden and his crew are loaded with experience in managing the government, but are extremely shallow in knowing what to do to help the private sector become vibrant again. Remember, all tax revenues come directly or indirectly from dynamism in the private sector. Most companies deserve to be revered for providing jobs and tax revenues, but that is not the mindset of the progressives in the Democratic Party. Their proclivity is regulation. Common sense regulation is a necessity in any economy, but more important is turning entrepreneurs loose to reinvent the economy. They are the job creators, not the government."

There is so much wrong here, it's hard to know where to begin. There are so many regurgitated conservative falsehoods in this right-wing word salad, it really does make the mind spin. For someone who can occasionally make reasonable sounding arguments, John Torinus, more often, just parrots typical Republican talking-points. 

Biden has been working for the citizens his entire adult life. He's plenty familiar with job creation. Republicans are the party that has left this country in recession after recession over the past few decades. And, it has been the Democrats who enacted targeted policies to help pull the country out. Biden was Vice President during the Obama Administration, in case Mr. Torinus has forgotten that fact. 

What did Obama and Biden do? There has not been a consistent job market expansion on record, dating back to 1939, that lasted longer than the expansion during their administration. Job growth was faster than population growth—a key measure of a healthy job market expansion. The typical weekly pay of U.S. workers has been increasing since early 2013 and re The ACA made it possible for more than 20 million individuals to afford health insurance and decreased the share of Americans without health insurance to an all-time low.ached its highest level on record, dating back to 1979, at the end of 2016. They inherited a deficit that claimed 9.8 percent of gross domestic product (GDP) in fiscal year 2009. By FY 2016, the deficit had fallen to less than one-third of that, at 3.2 percent of GDP.

Seems like they know something about job creation, reinventing the economy and helping the private sector be vibrant.

And this "dynamism in the private sector" and "turning entrepreneurs loose" are, as Joe Biden would say, a bunch of malarkey. This country has been cutting taxes and deregulating the past 40 years. If the private sector entrepreneurs are so damn dynamic, why does the economy keep falling back into recession when we allow Republicans control of the government?

It's long overdue for the private sector knows it all, government needs to get out of the way-gang to go away. The public sector employs over 20 millions people. The public sector accounts for nearly half of the entire economy. This idea, pushed by Republicans for decades, that government is inept and wasteful is wrong. If anything, the private sector is the wasteful and inefficient actor. Not to mention the fact that the private sector is also selfish and greedy.

Private retirement account fees are drastically higher than public pension fees or Social Security fees. Much of the medical advancements we see are due to university research and the National Institutes of Health. Study after study has shown that public infrastrucutre projects are cheaper when done by unionized public workers, rather than being bid out to private corporations.

 

So, please, Republicans, conservatives, dynamic private sector know-it-alls, please step aside and let the adults in the Democratic party save the country from your destructive and misguided ramblings once again.

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