I have many problems with the Democrats arguing this:
Trump’s claim that “we had the best economy ever” under him is a lie because the “economy is actually the best ever RIGHT NOW, under Biden, and that it’s ‘proven” by lower unemployment, falling inflation rates, and record Stock Market levels.
Those are TYPICAL measures, but also VERY deceptive in that each is VERY susceptible to reflecting “good” on only a segment of the population: the much more well-off. “Low unemployment” which is providing jobs with companies that do not pay a living wage. “Falling inflation rates” only tells us that the rate of rise has slowed (not even STOPPED yet, and, further, horror upon horrors, hasn’t even hinted at “going back down”. Ever notice how this NEVER gets addressed? My most recent lease renewal is the same as the last two years, when prices have supposedly gone DOWN everywhere. Nope. I am still paying 2/3 of my monthly income to rent and fees.
And the “Stock Market”?
It’s a luxury that so many are without. But even looking beyond that (and believe me, I’m not), …..
I saw zero signs that the Big Banks and economic players had “learned their lesson” after the sub-prime scandal, and Obama took the advice of advisors he chose who were deeply implicated in setting the stage for things like that to happen, and basically let the big banks off the hook in that big meeting he called where the heads were all ready to receive a big dose of strong medicine. Many of our finest economic minds who believe strongly in “for the people”, have not been giving glowing reports that we have corrected the atmosphere and tolerance for misbehavior and corruption in our investment leaders and federal economic leadership.
Most concerning of all, and giving me horrific pause in “trusting” our systems of finances, is the denial of Ecological Crisis that is rapidly accelerating it’s financial leeching of our economy in the form of sharply rising weather anomalies (resulting in higher energy costs and further LACK of readiness for worsening and more frequent cataclysmic economic events being triggered by increased recognition of the actual economic impacts we face).
This is the UNCERTAINTY that will begin to happen in short order, and it will precipitate more frequent and more extended crashes in stability, so I am triggered now less by my lack of trust in the wisdom and honor of key players in our “markets”, and more and more by our OBVIOUS lack of ecological concern over what is coming and arriving more and more often. I’m still VERY concerned for both sources of these “triggerings”, but the Ecological Crisis has grown dramatically in me these past 10 years.