2024 US Presidential Election

[zorg1000]

Renamed said:

zorg1000 said:

Further proof that Republicans are not better with the economy like they get credit for.

Trump just goes on about how prices were lower when he was president but doesn’t give any legitimate plans to make that happen again or what he specifically did to make the economy strong in 2017-2019.

He came into his presidency after 7 consecutive years of steady GDP growth, declining unemployment rate & low inflation. All he did was not fuck up Obama’s economy before Covid hit.

He doesn't understand that falling prices across the board are just as bad but in a different way.  The way to handle the problem (high prices overall) is slowing natural inflation and increasing wages. 

Now dropping energy costs by itself is different but you damn sure don't get lower energy prices simply by drilling more.  For one, US oil isn't well suited for gasoline or similar products.  Our refineries for gasoline are largely designed for a different weight of crude oil that we still have to import.  Drilling more of the same stuff doesn't help.

Also, we drill more now than under Trump.  Technically, more than ever before. 

Billions of barrels per day:
2017:13,140
2018: 15,321
2019: 17,136
2020: 16,493

2023: 19,365

Yeah, his entire plan of more tax cuts, more tariffs and more drilling to make prices come down is just pure nonsense. And like you said, across the board deflation isn’t good, it most likely would mean that we were in a major recession.

There really is no quick fix to high prices, the fed continuing to work towards the ~2% inflation target and gradually lowering interest rates to bring down borrowing costs along with annual wage growth of 3-4% will see purchasing power slowly but surely increase but that’s not what voters want to hear so we get dumb shit like “drill baby drill!”

I want Kamala to hammer Trump on his dumb economic plans and Vance’s weird views on families by  really pushing hard on the aspects of Build Back Better that were removed and Walz was able to get through in Minnesota.

Focus on these 5 major areas: childcare, elder care, healthcare, education & housing. If people can afford these things then the increased price of consumer products & services isn’t nearly as big of an issue. Propose a major Act that includes:

$200bn-universal Pre-K for 3 & 4 year olds

$250bn-tuition free community college & increased Pell Grants

$200bn-subsidized daycare and training for daycare providers

$50bn-expand summer EBT & free school meals

$200bn-12 weeks paid family and medical leave

$400bn-expand access to long term, home and community based care for elderly & disabled

$200bn-extend increased Affordable Care Act subsidies (set to expire at end of 2025) 

$250bn-build and rehabilitate ~2 million homes and improve public housing

$100bn-build and upgrade public schools, daycare facilities & community colleges

$650bn-expand Child Tax Credit, Earned Income Tax Credit & Child and Dependent Care Tax Credit