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The economy who's fault is it?

Discussion in 'North American Politics' started by Riders, Aug 1, 2020.

  1. Riders

    Riders Well-Known Member

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    We might as well be in the depression, our economy is bad. I remember many Trump supporters here who have told me as long as the economy is good Trump will win the election.

    However who's fault is it that our country's economy is a piece of crap right now? Some or most Trump supporters may blame it on the Corona virus not Trump, so is it Trumps fault or the fault of the virus?

    In my mind it's both but more on Trumps shoulders and the way he had mismanaged money.
     
  2. Nakosis

    Nakosis crystal soldier
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    I never felt the POTUS had a lot to do with the state of the economy. It's more about consumer confidence. So at best the president can go out there and say everything is great. Try to encourage folks to spend money. Congress can affect things a bit more but it is still all about the consumer. IMO.
     
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  3. Riders

    Riders Well-Known Member

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    Don't you think the Coronavirus keeping us all inside and making businesses shut down including closed down bars and restaurants has something to do with this?
     
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  4. Valjean

    Valjean Veteran Member
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    Isn't it Reagan's fault for abandoning Keynesian economics for the Austrian/Chicago school?
    The wealth trickled up, not down, and the general prosperity has stagnated ever since.
     
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  5. sun rise

    sun rise "This is the Hour of God"
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    While I'm all for dumping on Trump, we need to look at the entire world's economy to see what is really going on.

    When I do that, I see that Trump is indeed responsible for making things much worse here and slowing down the recovery by comparison with other nations that took it seriously and acted in a unified fashion. But the virus itself has damaged the economy all over the world and we'll see the impact of that for years on end.
     
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  6. Heyo

    Heyo Well-Known Member

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    Politicians in general get/claim too much credit for the economy. Except in a state economy there are other factors that are much more influential than what politicians do, especially for short term movements of the market.
     
  7. Nakosis

    Nakosis crystal soldier
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    I suspect we were screwed until we have a vaccine. I think Americans have a cultural identity of self-interest. While certainly, Trump could have set a better example, I don't think he is a leader. I think maybe he tries to cater to the Right more than lead them. Even if he had tried to get folks to wear masks from the start I don't think the right actually listens to him.
     
  8. Valjean

    Valjean Veteran Member
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    Many on the right seem to be fundamentally anti-social and hyper individualistic. They don't seem to see themselves as part of a social collective.
     
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  9. QuestioningMind

    QuestioningMind Well-Known Member

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    The virus was going to have a negative effect, regardless. However Trump's lack of response to the epidemic has definitely created far greater economic decline than we would have had with an aggressive science based response. Countries that did have an aggressive science-based response are starting to get back to normal, while we're experiencing the worst outbreaks we've seen thus far. It'll be months if not years before we recover and that blame falls squarely on the orange clown's sagging shoulders.
     
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  10. metis

    metis aged ecumenical anthropologist

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    It's a combination of factors, but Trump's near 100% mishandling of this pandemic is a large part of it, and the proof for that is how it has compared to what we've seen with the EU countries and in eastern Asia whereas their rates have come substantially down there after spiking earlier on.

    Inaction by the fed early on allowed it to spread like wildfire, and then when it was plateauing, Trump demanded we loosen up to get the economy and now the schools going, and look what's happening.

    So, what does he then do? Blame the Democratic governors and mayors, of course. Blame the Chinese. Blame others, but never himself.
     
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  11. icehorse

    icehorse Well-Known Member
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    For decades now, politicians have allowed corporations and billionaires corrupt our society and our economy. It was fragile before the virus, and the virus has helped expose that existing fragility.
     
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  12. Hubert Farnsworth

    Hubert Farnsworth Well-Known Member

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    What countries are you referring to? Europe's second wave is beginning again, according to this article. Pandemic part 2? Europe moves to stop a new coronavirus wave

    Reopening will ALWAYS lead to a spike in cases unless the number of cases in a country is flat out zero. Remember in early March, there were just a few dozen cases in the US? Within days, there were thousands. Even the strictest lockdown couldn't get us to only a few active cases in the entire US. I say that the best approach is to work on helping the most vulnerable of the population to self-isolate, and give them the tools to do so (groceries by delivery, for example), while allowing the younger members of the population to return to work, with masks required in the workplace to prevent a major spread. But the fact is, some spread of the virus is inevitable. We just have to accept that.
     
  13. QuestioningMind

    QuestioningMind Well-Known Member

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    The graph pretty much speaks for itself.

    fCoronavirus Graphs: Worldwide Cases and Deaths - Worldometer
     
  14. Shaul

    Shaul Well-Known Member

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    The blame game is useless. Instead learn how to profit from market movements, whether up or down.
     
  15. Mr Spinkles

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    I agree with what others have said.

    The virus was going to damage the economy regardless. However, it’s also clear that Trump has catastrophically failed in his handling of this. To anyone who would call his response a success, I say: I sure would hate to see what failure looks like.

    It’s like if you have a toddler flying a plane, and we run into a lot of turbulence, and crash. Did we crash because of the turbulence? Or because of the toddler in the cockpit? It’s both. But the turbulence was nobody’s fault. Putting a toddler in the cockpit instead of an adult ... that was our fault.
     
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  16. Tambourine

    Tambourine Well-Known Member

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    Exactly. The first, most important step, is to have money.
     
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