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The Meaning of Bidenomics

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Posted By: DW626, 8/5/2022 6:40:20 AM

Everyone senses that the American economy under Joe Biden is in a rut. Inflation is at a 40-year high. Energy prices are skyrocketing. The prices of all goods and services going up. Meanwhile, the administration does little to alleviate these regular everyday problems. This is by design. Since the Industrial Revolution there have been two approaches to economics. One, sometimes called laissez-faire, is really a decentralized form of economic organization and productivity in which individuals, civil society, and private organizations have broad freedom to act as they see fit.

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Reply 1 - Posted by: mean Gene 8/5/2022 6:53:27 AM (No. 1238424)
FTA: Western totalitarians saw the flaw of their kindred spirits in Russia, China, and elsewhere. Too much too fast causes blowback. A little bit over a long period of time is a much better approach. They play the long game. True, this. But never forget the endgame of all totalitarians: to be in control, to have the riches. They have the nerve to actually try to make us eat bugs. But the Wagu beef and the duck, salmon and oysters will somehow find their way to the plates of these elitests.
12 people like this.

Reply 2 - Posted by: F15 Gork 8/5/2022 7:10:13 AM (No. 1238437)
Basically if you want something done wrong or not done at all, let government do it.
12 people like this.

Reply 3 - Posted by: Old Army Vet 8/5/2022 7:10:17 AM (No. 1238438)
It means that the middle class suffers by paying higher taxes.
6 people like this.

Reply 4 - Posted by: Krause 8/5/2022 7:23:30 AM (No. 1238445)
Even if you like and want central planning, would you make Joe Biden the face of it? Hardly.
6 people like this.

Reply 5 - Posted by: bigfatslob 8/5/2022 8:32:58 AM (No. 1238517)
Totalitarians end game is all the riches and food the people are servants kept in place by the barrel of a gun. Stalin died in a walled room plated in gold. The United States is on the cusp of a totalitarian regime, though still very ragged, with republicans watching and doing nothing the left faces no resistance at this point. The left is in high gear to move to communism because push back is starting to happen it's not smooth sailing for them. Can the Republic and Constitution be saved remains to be seen.
2 people like this.

Reply 6 - Posted by: bad-hair 8/5/2022 8:55:26 AM (No. 1238540)
Scan that QR code. You can pay for your groceries with your Smart Phone. It's so convenient ! Until it's the only way to pay. I was at a food truck and the woman in front of me paid for a 6 dollar tab with a phone scan. I handed the guy a 5 dollar bill for 2 sodas and he looked at me like I'd lost my mind. Paper ??? Then he had to make change. Oh, and suddenly everything you buy is recorded at the NSA (No Such Agency) but that's a conspiracy.
4 people like this.

Reply 7 - Posted by: Axeman 8/5/2022 9:22:20 AM (No. 1238589)
Who needs a national ID. There's already one with a tracking device. Orwell's telescreen is in our pocket.
4 people like this.

Reply 8 - Posted by: MDConservative 8/5/2022 10:52:56 AM (No. 1238695)
The American economy has been increasingly centralized since the Great Depression, when laissez-faire capitalism collapsed under its free market, wiping out the fortunes of the middle and lower classes. Since then it has been "Government do something" whenever the going gets even mildly bumpy. So government controls the currency supply and interest rates, it controls markets with subsidies and taxes. Times slip, more money is introduced by higher spending, even if it generates unpayable debt...so long as we can float the loan on interest payments. And, of course, money can be inflated as needed. Permitting "economic turmoil" is political suicide. What was a political headache becomes a death sentence in today's political arena. Already, the talk of recession is killing any chance that government will curtail inflation to target levels of 2-3 percent annually. Since the late-60s every major national economy has played the game. The idea of actually backing value with commodities, such as precious metals, is long gone. Money is only worth what they say it is...whatever that is. Biden is just the latest in a long line of bag holders for American economic fortunes.
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Posted by DW626 8/5/2022 6:40:20 AM Post Reply
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