• jimmydoreisalefty@lemmus.org
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    1 year ago

    Let us see if Bidenflation is much better closer to 2024…

    At any rate, I will have to admit that I have a personal stake in this debate. Back when the American Rescue Plan was being debated, I argued against Larry Summers’s notion that its size should be slashed because it might cause inflation. I said the balance of risks was not even close—on the one hand a continuation of the economic lost decade of the 2010s, but on the other some inflation that would cause only moderate pain. Inflation did come—and while I don’t believe Summers was right about the causes, which were more about the pandemic and the war in Ukraine than Big Fiscal, it did turn out to be quite unpopular.


    The Lawerence Summers that blamed inflation on Jan. 6 2021, this is the person people are looking for advise?

    Jimmy Dore did a video on him on Jun 15, 2022.

    Obama Advisor Ties Inflation To January 6 https://www.youtube.com/watch?v=z4L8PHBowpk

        • nublug@lemmy.blahaj.zone
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          1 year ago

          cryptofascist. nothing to do with cryptocurrency they just share the same prefix, in the case of cryptofascist it means obfuscated, hidden. jimmy dore is a fascist pretending to be a leftist in order to sow leftist division and fud. that's why he only attacks left and simps for authoritarians states. like a tankie but no earnest leftist beliefs at all.

    • protist@mander.xyz
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      1 year ago

      Who the fuck reads this and thinks the author, who clearly states they disagree with Larry Summers at every point, is looking to Larry Summers for advice? And who gives a flying fuck about Jimmy Dore? Are you Jimmy Dore?

      • jimmydoreisalefty@lemmus.org
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        1 year ago

        He quoted him on the article, I did not bring it up for no reason.

        If the bar is as low as Lawerence Summers, then that is good for you, not for me.

          • jimmydoreisalefty@lemmus.org
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            1 year ago

            Is it though?

            Watching his point of view vs. other politicial yters…

            He calls it as he sees it, then the backlash and smears start, since he is left of those people.

            He is more the lay person, no need to act like he is a professional politician.

            Sabby Sabs is more to my taste, but I do try and watch as many people as possible.

            Being in a bubble is not good.

    • bobalot@lemmy.world
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      1 year ago

      Of course, inflation that every industrialised country is facing is because of Joe Biden.

      • jimmydoreisalefty@lemmus.org
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        1 year ago

        Person who is currently in charge gets blamed as history shows.

        What caused inflation? Federal Reserve printing out money like crazy for wars.

        I do not see a push for a Great New Deal.

        Mostly just corporate democrate talk and half tries.