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Originally Posted by JohnR
DEI & CRT ARE Political. It is not some grassroots Good Idea Fairy - it is political
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I’d think it’s more accurate to say they were politicized. Not sure how whitewashing critical achievements of the Code Talkers is a good idea, perhaps that fairy should be cancelled. “We have thousands of such cashes.”
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OK - put the impact of the last 4 years of Biden admin under the same lens, but include P/E Ratios, Inflation, Treasury Spending. Tell me WHEN we should have had a recession and what was done to prevent it?
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P/E is usually an individual company metric but whatever, I have people who make those decisions for me.
Seems like a recession was anticipated after Biden’s first year on. He largely avoided it because of investments in growth and Joe took the political heat for the Fed doing their job keeping rates high long enough to break the inflationary cycle. Post-Covid inflation was a global problem but the US fared better than every other large Western nation. Sure, the stimulus could have been tapered off a little faster, but the reality is he left the overall economy in remarkable shape. I’d say the only real weak spot — as voters pointed out — was that upper incomes were doing most of the spending, offsetting disproportionate inflationary pressure on commodities that outpaced wage gains on everyday workers.
We’ll see what the looming stagflation does to your P/E ratios as investors look for more stable markets. I see with the current trajectory a gigantic economic mess, a lot more debt and perhaps the worst own goal in the history of the United States. If the wealth gap is your measure of progress though we’ll be doing just fine.