In 08 I was a little too young to be politically active but I always understood that Obama convinced a ton of people that things were gonna change, and was able to put a friendly face on the American Empire.
Nowadays theres definitely a lot of people just happy that the orange man is off the television, but sleepy joe has negative charisma and hes already doing really bad with the stimulus bill and is openly refusing to reverse trump policies like closing the camps.
Am I accurate in this or am i just trapped in my commie safe space?
Economists on both sides (like god damn larry summers in the Obama White House) were going and saying direct assistance to people was inflationary and not necessary but bailing out corporations was necessary
ah yeah for sure. That’s what I’m getting at, the consensus with economists today is that the 2009 stimulus was too small in hindsight since there was such low inflation. So the approach Biden is taking is he would rather go too big than too small
Larry Summers is still against a big stimulus though be thankfully he is not in the White House
