Robert ReichDec 16, 2022

In case anyone needed a reminder, the Republican Party’s economic record is atrocious. All but four of the last 17 recessions over the past century have come under Republican presidents.

The idea that the GOP is some force of economic strength is absurd.

Show threadDan Hugo (雨果丹)(แดน)Dec 16, 2022
@rbreich Do recessions occur due to events that can be constrained to the particular Republican president for these 17, or were economic conditions part of a general momentum, possibly beginning in a previous term?
Show threadPeter Brown
@DanHugo @rbreich
Austerity for the many and cornucopia for the few has been part of worldwide governmental economic policy since the end of WW1. Interest rate rises, inflation, high unemployment and little or no safety net has been the norm. No reason why it has to be that way but the current occupiers of seats of power prefer to keep,it that way. Economic misinformation has been an industry for decades.
Dec 17, 2022 at 12:18amMastodon for iOS