I didn’t feel like getting into it but my god… People are really buying in to the whole Bidenomics bullshit
Start asking people how it’s going to do that. They’re either going to have no idea whatsoever or they’re going to say something so batshit wild that it will make a truly great post here
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Joe Biden gave me this rock and now I don’t have to worry about all the tigers. NPR said so.
Zifnab, I would like to buy your rock
Excellent, now I’m off to pay the Homer tax
Hey dudes. I’ve been in a voluntary news blackout for a few months now so I could mentally recuperate. Can someone give me the bullet points on this inflation reduction act? Not the first post I’ve seen criticizing it so I’m curious.
Does not reduce inflation
Thank you for coming to my TED Talk
why did he even call it that? The entire act is just cutting taxes for corporations.
I think that the IRA suffers from the same issues that the stimulus in 08/09 did. It was a ton of tax credits and other gimmicks that didn’t actually do very much
Is it not? It’s hit European green energy and chip industries hard in favour of America’s and a few other industries
Not saying it’s like, gonna reindustrialize America but it has helped
America’s definitely benefiting alright. The gains aren’t going to trickle down to the American public however.
Re-industrialization is never going to happen in America because that means higher wages, more labor movements, more strikes, which means very bad for the banking class (who benefit off Americans being consumers rather than workers) and the capitalists (who want to depress wages and maximize profit).
They spent the last 50 years de-industrializing America just to get to this point where they are virtually untouchable, there is no way they’re gonna want to go back to a more precarious time (for a capitalist).
I do think they are going to spend a bunch of money pursuing robotics, only to realize too late that you will still always need at least one person per machine.
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One of the biggest furniture manufacturers in my region closed up shop over the weekend and left a note on the gate for employees arriving to work at 7am that said everyone gets today off, and every day after today. All of the three plant facilities employed about 1000 people.
That’s gotta be from some lib who wouldn’t know industry if it kicked him in the nuts.
I assure you, the messaging about how great the economy is is not working on the two thirds of the country living paycheck to paycheck.
We are in a huge period of consolidation and monopolization. While certain individual businesses are doing well, it is because their competitors went under and they are eating into their left over demand. What happens when they can’t expand anymore and the profit growth dries up? Well, we all know what happens.
