MSNBC's Lawrence O'Donnell is joined by Yale Professor Jeffrey Sonnenfeld to discuss the latest evidence of the successes of Biden's economic policies. Sonnenfeld says Biden is having the strongest positive effect on the economy of any president since FDR.
In fairness, it was either or:
Take COVID seriously
Not destroy the economy
Early lockdowns probably saved a million lives. But the supply chain issues we’ve faced since are the ripple effect from those two/three months. Countries like China that took the pandemic more seriously faced worse economic fallout.
Additionally, the previous administration signed off on Congress sending each us of unemployment, PPP, and thousand dollar checks. All of that helped enormously.
I hate the previous president personally, and feel he’s the most unqualified man to ever hold the office, and feel he’s the closest we’ve ever had to a fascist coup. But that does not mean every decision of that administration was automatically wrong.
Are we already forgetting what happened 3 years ago?
STATES and the CDC called lockdowns while the president told people it would just pass, it could be cured with sunlight, to drink bleach, and take horse dewormer.
Trump did NOT take covid seriously.
How many of the million people that died were due to him playing make believe is hard to measure, but he killed people by telling them bullshit.
>In fairness, it was either or:
>* Take COVID seriously
>* Not destroy the economy
Hornswoggle. Balderdash. Bull fucking shit. Countries that took it seriously suffered fewer economic disadvantages, spent less than we did per capita, and recovered more quickly.
The countriea that fared the best
Had clear and unified messaging from their government, backed by science.
Shut down quickly and completely, paying people to stay home.
Provided universal healthcare and prioritized their frontline healthcare workers.
Destroying the economy was a result of our slow, confused response, ignoring the recommendations of experts, making the response political, and bailing out industries instead of individuals.
How does a lockdown HELP the economy exactly?
Work still has to be accomplished. Otherwise it’s money chasing NO product. Which is what we’re still recovering from.
Sometimes doing the right thing (lockdown) has COSTS. Serious economic costs. A “have our cake and eat it” mindset is, sadly, a fallacy.
How does open heart surgery help your chest? You have to make a huge incision and poke around, causing all sorts of lasting damage.
Of course the lockdown would have had costs. Global pandemics tend to affect the economy one way or the other. A total lockdown would have shortened the pandemic, getting people fully back to work sooner, killed fewer people, and ultimately cost less than the half-assed bullshit we couldn’t even get the President to do. Several countries managed to avoid the l9ng term economic downturn by doing exactly what I just said in the last comment.
People are already rewriting history.
Trump was in money printing mode all the way back in early 2019, heres one of many articles from APRIL of that year https://www.cnbc.com/2019/04/30/trump-calls-on-fed-to-cut-rates-by-1percent-and-urges-more-quantitative-easing.html
I’ll remind you all that Trump is always projecting, and he’s previously accused the FED of keeping rates low to help obama . So I find his motivations clear for asking the fed to drop interest rates in 2019 before his upcoming election.
Trump and the GOP had to be dragged kicking and screaming into doing any additional COVID relief, it was nothing compared to the amount of money given in tax cuts to the rich FOREVER, and the PPP money went to the top 1/5 of households, people who were already rich