Jump to content

Investors must realise the pendulum of history is swinging to Bidenomics - FT Opinion Piece


Faerr

Recommended Posts

Good read

btw there is a firefox extension with a githab page that deals with all kind of paywalls for all sites quite well

firefox extension: https://gitlab.com/magnolia1234/bypass-paywalls-firefox-clean

Investors must realise the pendulum of history is swinging to Bidenomics

https://www.ft.com/content/fd660fdc-39f8-4cb0-8d8f-5f4938667414

Edited by Faerr
  • Thanks 2
Link to comment
Share on other sites

I will also note that the Author is mistaken in one aspect. From its inception until post-WWII, the GOP was protectionist, pro-domestic corporations, and pro-labor and labor unions. But they WERE also virulent antimonopolistic.

Also, the manufacturing investment doubling is only associated with Biden by what he failed to do, and what his donors expected him to do. With the exception of China, he has failed to roll back any of Trump's trade policies. So investors and companies now recognize that there is no return to the old globalist business as usual and are investing as such. Even Apple has had to finally admit defeat and that if they did not change their business plan they were doomed. In fact, the lady he picked as his Trade Representative has never done trade negotiations, her specialty is trade enforcement and that is what she has been focused on. No trade agreements have been started during the Biden Administration.

In regards to the embedded link for British members in regards to the Labour Party. 

https://www.thenationalnews.com/world/uk-news/2023/05/24/bidenomics-to-become-blueprint-for-future-labour-government/ 

In regards to Reaganomics, Reagan's Treasure Secretary lied and misrepresented what in fact they were doing. They changed the rules so that money flowed into the FIRE (finance, insurance, and real estate) economy due to its high return on investment. This drastically increased revenue from income taxes and capital gains and thereby reduced the size and scope of the budget increases and deficits they were running.

See the following two papers, although in the second paper, they played with the numbers to misrepresent what the data was telling them because investing in certain industries was no longer acceptable in 2019 with modern leftists or progressives compared to back in 2003.

2003

https://files.epi.org/page/-/old/workingpapers/epi_wp_268.pdf 

2019

https://www.epi.org/publication/updated-employment-multipliers-for-the-u-s-economy/

and yes the EPI is about as progressive as you get, BUT at one time data was king with them and sadly that is no longer the case.

  • Like 1
Link to comment
Share on other sites

2 hours ago, Faerr said:

Good read

btw there is a firefox extension with a githab page that deals with all kind of paywalls for all sites quite well

firefox extension: https://gitlab.com/magnolia1234/bypass-paywalls-firefox-clean

Investors must realise the pendulum of history is swinging to Bidenomics

https://www.ft.com/content/fd660fdc-39f8-4cb0-8d8f-5f4938667414

I hope I am not ruining anyone's day but if you actually believed what CNN and others are saying about Bidenomics and not the reality of the situation it is in fact Trumpenomics. 🙂

https://www.cnn.com/2023/06/28/politics/bidenonmics-explained/index.html

Unfortunately, there is a paywall on WSJ and the archives have not updated it yet.

And why it is not getting any traction.

https://www.bls.gov/opub/ted/2022/real-average-hourly-earnings-down-3-6-percent-over-the-12-months-ending-june-2022.htm 

  • Like 1
  • Thanks 1
Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
×
  • Create New...