@Bluebelle51 Exactly, because Joe is pro-worker, and as shown by this video, his policies reflect that. If Biden wasn't living up to it, Bernie would never support him for any reason.
Biden is less radical than Trump when it comes to catering to the corporations. But he is still a radical billionaire bro. That they paint him as a kind of champion for the working class is saddening...
@@martinfiedler4317 First, Biden's not a billionaire; his net worth is about $10 million according to Forbes. Second, neither Trump nor Biden are radical. People misuse the term all the time to mean extreme or fringe, but it actually means root. As in: radish = root vegetable, radical in math = root, and radical in politics = fundamental systemic change. I would argue that neither Trump nor Biden are radical since they both seek to maintain capitalist order and hegemony. Regardless, you're right-it is sad how Biden is marketed to us as champion of the working class.
You have to have conversations with people who think he is radical, and compare him to what the extreme left actually would rather have him do instead. Then they'll realize they are being bs, or they'll somehow panic even harder.
Wallstreet insists on pyramid scheming the blue collar class. They got the jail time AND jailess hand slap fines to prove it. Brokers should wear tear drop tattoos so you cant point em out in lineups. Stop bailing out American Cartel.
The inherited wealth aristocracy manipulates and orchestrates everything in this country for decades. The trickle down mafia caste rigging everything has the honest hardworking Americans as their serfs and is now outright farming us as their livestock by easily emotionally manipulating the bandwagon of fools who are a danger to themselves and others, too easily manipulated by the trickle down mafia's fake "life" psy ops.
Nope. Sorry. I know we love the "poor put up on citizen" narrative so as to not burn bridges with varying demos but... American voters have made choices, clear choices, for decades now. It's like when people acted as though the Bush Administration "lied us into war". As though there wasn't a clearly articulated counter narrative widely available. It was never "Bush lied and people died" it was "Bush/Cheney Administration lied and despite all the available evidence to the contrary the majority of voters chose to believe the Republican Administration." Ditto "Reaganomics/Trickle Down.
Cool now Un invade and un Coup all the countries that were invaded to protect companies interests. Now you are implementing their policies maybe Europe will invade the USA and protect their interests would you all consider that justified???
To be clear, the NAFTA agreement was bipartisan. Although Bill Clinton did sign the NAFTA agreement when he got into office, he did not create it. NAFTA was the brain child of Ronald Reagan who passed the Trade and Tariff Act in 1984, then in 1992 George Bush Senior pushed the NAFTA agreement through congress.
@@brucehamilton3157 NAFTA passed with mainly Republican votes, majority Democrats voted against. And the ONLY Obama bill Republicans voted for was to approve "fast track":authority for the Trans Pacific Partnership . Again, majority of Democrats voted against. I remember Hiliary having to back pedal on her support for it in 2016.
@robertthweatt1900 NAFTA is not the problem. It's China, they literally said it in the video. There is nothing wrong with working with your neighbors to create the most prosperous area I the world. Neither Mexico or Canada stole US tech to build weapons aimed towards the USA.
@@robertthweatt1900so Republicans created Obama's TPP bill... got it and Trump didn't revoke the USA from it. my question to you is, how dumb are you to think everyone else is as dumb as you? like what is the brainwashing protocol that brought you to say something so stupid?
Talk about 'trickle down' theory & how it's been proven not to work! Add in substance abuse & deaths of despair...alienation, imperialism, & the need for meaning & purpose
Its a nice saying, but in America the wealthy will wrongly always be put on a pedestal. Because the worked cant donate millions to a political party or swoon Supreme Court justices with gifts and lavish vacations.
Yup. Too bad it's too late for those who've worked until retirement age w/no retirement to show for it b/c of pensions lost to the toxicity of Wall St.
One thing that wasn't explained here, Neoliberalism wasn't implemented around the world, it was imposed. It started with the coup in Chile and continued with extortion through the IMF and similar international organizations.
@@suzannecastello4380 ms.castello this was started by dsa folks. If you know anything about dsa then you'd understand they are far from leftist, and the fact you think Bernie is a leftist. Bless your ❤.
@@gannibalof21st Sad but true the US has no true organized leftist movement that actually is left of center with centralists like Bernie sanders being about as left leaning as the current winner takes all 2 party system allows. That said informing others of the complex larger picture of the rise and obscuration of the post WW2 American empire among other things is important if we want to found a real leftist movement in the US. The reason I come here is in the hopes of informing folks of the larger interconnected nature of how our societal problems to get points across and hope to make things a better place. I admit I don't think a true leftist movement in the US is possible ATM as media is almost entirely controlled by right leaning stakeholders who continue to abuse the ratchet effect to push the US further and further to the right. Breaking that right wing think tank stranglehold is important so we need allies if we are to do so. My view is that breaking down the hidden façade of the Globalist empire and how it is maintained by the dark triad of Neocolonialist organizations the World Bank International Monetary Fund and World Trade Organization which exist to further amplify the inequality of imperialism. It is this system which ultimately feeds our environmental crises by making it easier for foreign powers to extract resources and labor from across the world without just due compensation or any say of the indentured countries peoples. So long as the growth centered economy built on empire is allowed to persist we can not address the current crises as making cheaper alternatives has only resulted in increased environmental burden though expanding capacity so we need to try and add voices shifting the narrative towards more sustainable and just economic ideas and practices even if it is just a tiny bit.
Imagine that instead of an internal enemy like Trump, there existed an entire country that could and would drop the bomb on you at any moment. Schools reinforcing this idea by holding nuclear bomb drills, air raid sirens and everything. Now imagine operating in that environment of crippling fear, anything the strong man who rescued the Iranian hostages can do will be good. I think that the relative peace of the 90s gave rise to a generation who was more critically conscious and since the appointment of W followed by 9/11 i think there has been a growing mistrust of the federal system. It's only the idiot minority who believes in the 2 party system, and the actual silent majority don't believe we can fight The powers that be... In short, fear keeps people from criticizing leaders who assure them that everything's fine.
as Jordan Peterson observed humans as individuals are fine, put them in a group and they are dangerous AF, they become sheeple. and you are 100% correct the politicians long ago gave up representing their constituents, they now only answer to their corporate masters.
Good question - teaching kids in high school how all these political decisions affect them might be a good start. I'm 69 and only started teaching myself a little at a time a few years ago when this crap really became glaringly obvious as to how it was all affecting me...I'm sad to say. Politics always seemed somehow out of reach for me to understand...and maybe it was until the Internet.
Because politics are a drag and people have lives and jobs. It's hard to take interest and wrap your head around anything when both sides of the government lie, have moonlight hearings, and shove back door bills through while you're busy treading financial water to survive
when people are asked what is the most important issue we face they are given a list of choices, among which is the economy. This is not the right word. The word is INCOME!
Wealth inequality. We're not living in the stone age anymore, there's plenty to go around. The problem is wealth continually concentrating in fewer and fewer hands.
@@CurraghchaseThe Clintons are a microcosm of the Democratic Party in a nutshell: allow radical conservatives to push the country right, exacerbate inequality & destroy social nets so that when Democrats take office, they can take the "center" and maintain the new, less democratic status quo.
i think it would be the most impactful change we could make to not only our democratic system, but our entirely country. fixing this would allow us to fix a lot more.
13:01 That's the "Walmart Effect" worked on small towns across the country. A Walmart opens, local businesses in that town & towns all around go bankrupt. Then, the store that opened becomes a backwater whose stock deliveries are the leftovers & unsaleable overstocks Walmart can't sell in high-population-area stores. Then DollarTree, DollarGeneral, or FamilyDollar opens up.
It is criminal. But FREE CAPITALISM is always the Republian answer and solution. Because it rewards the Wealthy and anit-union. Europe has a better working class system then America.
@@joeuscanga7235 Recon why old Bernie keeps running his mouth about how it ought to be and has no reference of a place that works as he talks about ...Plus why is he not in that place .To hell with that old communist bastard
I know what we were told, but the effects of NAFTA seemed clear and predictable, even at the time. There was a reason so many were protesting that and the WTO. I'm really glad that there's rethinking on the country's priorities and strategies.
“Big Box Mart” by Jib Jab was a thing 20 years ago! The Wal-Mart-ification of America was swift and complete! Now Dollar General is sucking up the leftovers! 😡
What are you talking about, Americans were told they could get cheap stuff and responded accordingly. Ya gotta read the fine print that YOUR jobs are going away even if it seemed obvious
I’m an oldest millennial (class of 2000, baby!). We were lied to our whole lives and have figured that out. And we are ticked off. Our kids, who are starting to hit the job market, have watched us struggle and suffer and have learned from that. Things are changing! 😤
Ticked off and motivated! Also making darn sure my kids know how the system works and how to fact check so they won't have the wool pulled over their eyes. Voting matters!
@@austinhernandez2716”class of 2000” means this person graduated in 2000. No shot is this person Gen Z lmao. I am Gen Z, I was born in 1998. Huge gap there.
Everyone knew what would happen after Clinton signed NAFTA. I started buying made me n USA for my job. Sometimes it took hours of research to figure out what was available. Unfortunately, it’s harder than it used to be, but a lot more products than you think.
@@NitroscionI remember back when NAFTA was being discussed before it was signed, and what happened is exactly what the people opposed to it said would happen.
@@Nitroscion And then Democrats did the shocked pikachu when Clinton lost in 2016. It's like well the first Clinton was terrible for our economy and many of us weren't interested in Clinton part 2. Then it was like REEEEEEE You all aren't feminist enough!!!
Reaganomics, totally free trade... destroys the world. Infinite growth in trade, doesn't mean the people, mines, nor farm land are all infinite... we need managed regulation
"not playing by the rules of the game" that's the neoliberals problem, everyone "playing" the economy "like a game" rather than the center piece of our lives. garbage
We could organize things so that we prioritize everyone's needs being met and giving real opportunities, but that would be inconvenient for the people who have the most power and wealth already, and they ser the rules. It's their game.
Its amazing that trump could say all those things about free trade and then not do anything to solve the issue and still have millions of the poorest Americans rabidly dedicated to him.
You are severely misguided if you think the poor people are his key supporters. Every fascist in history has managed to get a good part of poor people on his side, because every fascist in history has the logistical support to do so from the rich people and liberals. The democratic party would much rather see a fascist in power than even someone as mildly left-leaning as Bernie - that's why fascists get platformed so damn much in the US, while no socialist/communist/anarchist ever has been.
"Bone spurs" is just the trickle down mafia using a demagogue to exploit the very problems they themselves caused. Unfortunately too many people are too easily manipulated by the trickle down mafia to see what is really going on with such a dangerous malevolent idol.
The economy, aka what I could buy with my money, was so much better under trump. Joe biden has to redefine inflation so he can argue inflation is lowering. Joe biden says he decreased the deficit, and what really happened was he increased the deficit at a lower than previously planned rate. He is a liar. He didn't even support gay marriage until it was cool.
@@Jositoooo You aren't going to want to hear this, but when they say the era of neoliberalism is coming to an end, the truth is that the new era that succeeds this is going to be the era of fascism. Blame the Chinese, immigrants, muslims, jewish people, LGBTQ+, etc. America will blame anyone but themselves for their problems.
Well this comment section is already shaping up to be popcorn worthy. As for the actual content? Well, I got laid off because I was just a number on a spreadsheet. I've also worked a "lean manufacturing" factory job, and have gone through the "Lean Six Sigma" stuff inspired by Jack Welch. And yeah, Biden was just about my last choice for the White House in 2020, but if you thought Trump would have brought back manufacturing jobs and middle class growth, I've got a fresh box of Trump Steaks I'd like to sell you. His ONLY legislative accomplishment was a tax break for the billionaires who treat people like entries on a spreadsheet.
I was a Bernie supporter, and I agree --Biden was way down the list for me. I thought his first two years were surprisingly ok though, given Manchin and Sinema, etc., but somewhere along the line he forgot about the Bernie power, and it feels like he's started listening to Hillary --courting that mythical suburban woman, and also her hawkish Middle East views (and the arrogance and not listening). I do think he still wants to do more of what's in this video, but I worry about his drift to the neoliberal middle, caring more about not pissing off Capital by bringing real change....I'm going to vote for him, so that I have the opportunity to vote in the future, and we have some semblance of a Democracy left, but I'm holding my nose hard and asking forgiveness from the souls of dead children his bombs killed, and his policies starved to death.
I'm still bitter about the Biden rug pull in the democratic primaries I hate Biden and always have as he has always had a strong connection to the American Neocolonial economic empire project as well as a tendency to easily cave to work with right wing bigots' across the Isle. That wishy washy nature made him untrustworthy and his efforts under Obama and his Neoliberal doctrine of inclusion through token membership of minorities to the Oligarch class didn't do anything to help his favor. Lets not forget how many bones Biden has thrown the fossil fuel industry trying to "please all sides" (mostly because of Manchin no doubt but still). I never understood why people could ever vote for trump, sure I distained the toxic Neoliberal Hillary Clinton but Trump is and always has been an unhinged egotistical sadistic psychopath born with a silver spoon and whose only talent aside from money is being a career con artist. Hillary Trump Biden all of them are frankly evil people motivated by self interest but to differing degrees of Evil. Trump notably is a bad faith actor to his core as seen in how he tried to undermine the election, having literally no bottom line in how far he is willing to go or do to get his way and viewing everyone and everything as disposable pawns in his pursuit of power. Sure it wasn't as blatantly obvious before he was elected the first time but all the signs were there of an unhinged untrustworthy man motivated only by pure self interest and ego. The people I talked to asking why they made the choice for trump seem to have at least back then did it mostly as a vote of frustration but talk to them now and most of them are so sunken into the cult lies that you can't reach whatever is left of them without being in their cult. Trump literally uses the same kind of language and appeals as cult leaders....
At this point, if they put up a shoebox full of dead spiders I’d vote for it to keep Trump out of office. If you pay attention to the way the Supreme Court is ruling right now, they’re clearly primed to surge even harder to the right if they get a friendly executive branch. Christian nationalism will absolutely take over if Trump wins in November. We have run out of safe guards. I’ve been hearing unserious hacks tell me every election of my lifetime has been the most epic and profoundly consequential election ever. It’s been bullshit every single time, but we are at a legitimate turning point. Just to be clear, the Democratic Party is culpable. They have repeatedly refused to do what’s right, even when they have had the indisputable majority to do so. They could have legislated federally protected abortion, but didn’t want to give up their political football. Same story as the GOP and immigration. We are at the risk of losing our nation because we’ve been governed by naked self interests and corrupt opportunists.
We need diversification in the supply chain not a monopoly. Unless companies are willing to let increased wages cut into their profits, US manufacturing will just make things more expensive and will be outcompeted in overseas markets. And the workers buying power will not be any better than it is today.
I don't think you fully grasped how the Inflation Reduction Act works - go back to the incentive layered cake part of this video. For once someone (President Biden) isn't just handing them a lot of money for them to pocket.
What do you do? I got into trades (mechanic) when I was 18, purchased tools, got training and worked hard to better myself for me. 47 now and doing well.
Might not see this but I’m a med student in the uk. Your private equity companies are desamating a large part of our NHS. ‘The great NHS heist’ is on TH-cam it’s a good start but it’s not perfect and sometimes a little exaggerated. However I’m seeing’ mckinsey & co PowerPoints in mdt meetings. The actions of the uk government, pushing privatisation is interesting since you Americans seem to be switching towards anti big banker w*nker and business b*tch but we seem to be idolising them. Idk but I haven’t seen anyone on the American side review what is being done to the NHS.
Probably because we are busy pointing at the stinking pile of our own healthcare system. For those that refuse to see it, mentioning any other country is responded to with "you can't compare the US and _____ because [BS]". Privatization is definitely a crap plan for a slew of things and it sounds like voters over there have noticed how "efficient" the Tories are at profiting from it.
Yeah you guys about get a lot problem as McKinsey & Co is most evil company in world. They one main reason why USA economy is so screwed and today. If want to know just what kind of problems they cause he short list of result of their action. 1. They help government paid health hospital take money from poor ILLEGAL 2. They contribute to good number layoffs 3. They give Allstate way for them never pay money to people who should be getting money. 4. They make US government pay millions dollars more for resources 5. They advice have killed people before
I also think that a few word choices would make this article hit harder because cost of living didn’t just “rise” It skyrocketed! In my life which I am only 40 I saw three major expenses triple in value in only the past 20 years, which is insane
The only American who won't acknowledge this Administration's failed economic policies is Joe Biden. "Shrink-flation' is the least of our worries compared to rising rents and stagnant wages, but it is an undeniable indicator of how bad our inflation has gotten. I have $100k that i like to invest in a non-retirement account, any advice on that?
I would avoid index funds, mutual funds, and specific stocks for the time being. Right now, the best option is a fixed income of five percent. Put money aside for the times when the market really starts to bounce back.
45% of Americans do not invest in the stock market because of lack of guidance. Every year you don't invest, you are falling behind. I’m hitting numbers in the stock market I used to dream of… Going from $50k to $600k in my portfolio is surreal all thanks to insights from my financial advisor.
Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.
It's all just pretty words in the run-up to Nov. Never were gonna be jobs; it's just another greenback wash cycle. All that incentive money's gotta go somewhere, right?
They're starting to think about it now since more people are becoming poor and not many can afford to buy things anymore, which is just bad for the rich themselves. That's why they're taking actions. This country is just phucked
People can't afford stuff in part because China was a crutch to the problem of inflation leading to wealth flowing upwards. Every year, we have 3% inflation on average, the rich want to make 5% or more extra in profits, while paying their workers 1% more or less. So every year, the middle class and poor have it a little worse. Then china stepped in and raised the quality of life for the average American. Now that we are pulling that back, prices of everything will continue to soar. All china did was hide the fact that every year, the rich take a slightly larger piece of the pie, and now after 60 years, the bottom 99% make less than the 1%.
If you think the rich are driving these changes you still have the wool over your eyes. If your position here were correct, were the elites so aware, Reaganomics would never have begun in the first place. The hyper rich do not care about the consumer market.
so, OP, let me get this straight, some of the rich are willing to make our lives better because it benefits them, and you think that's bad? To quote Carlin "I bet that if you could find a way to make some money off getting rid of the homeless problem, it was disappear just like that" and if someone did, would you complain its bad because some rich person got richer while a problem was reduced or removed? I will take the win almost any way I can get them.
@@xBINARYGODxthey made our lives better by allowing us to buy cheaper Goods while at the same time removing high paying jobs so by the time we realized they had pulled the carpet out it was already too late. That's what he's saying, that's not a win, and nothing like your Carlin comparison.
@@jobsavio4797 the people actually doing the work decide who gets paid. no more rental and shareholder bullshit, scalping profits off the value created by the people actually doing the work.
@@jobsavio4797social democracy is the different side of the same coin. it is still capitalism and still doesn’t work for everyone. just the people inside it’s country. they are also prone to backsliding into a neoliberal shithole , ie Englands NHS and its privatization
As a Canadian, i remember when the free trade deal was signed, we had a small window manufacturer in a nearby town. There was talk that if the free trade deal happened that they wouldn't be able to compete, they were gone in about a year or so after.
Damage went both ways but it was minor compared with the opportunities that followed, all 3 countries have enjoyed benefits. There is nothing wrong with working with your neighbors to create the most prosperous area in the world. NAFTA is not the problem. It's China, they literally said it in the video. Neither Mexico or Canada stole US tech to build weapons aimed towards the USA.
All I hear is a bunch of bitching and moaning from American capitalists who fucked up playing their own game. Now they wanna take their ball and go home. It's pathetic,
then you didnt actually watch and listen - congrats. If you actually ARE a fellow leftist, then I guess its the people who think and post like you that are our other big problem. you are beholden to some other failed political economic thing, and you act like its a sport team vs another. Grow up.
From what I can see the capitalists are loving it, they got theirs and are off diddling kids on islands, buying up land as a hedge against a failing dollar, or just fucking off to other countries to live the good life leaving the bottom 90% to pick up the pieces.
@@GabrielHellborne Ultimately The Neoliberal hollowing out of manufacturing was part of a bigger hollowing out internal cannibalization of America by oligarchs addicted to seeing numbers go up. After the post WW2 American economic empire ran out of low hanging fruit to indenture though the brutal loan cartel of the IMF WB and WTO the growth of the economy started to stall out. As a result to maintain their numbers going up they needed an alternative source to keep their profit margins rising so they turned on the labor unions and manufacturing by outsourcing jobs as well as cutting taxes and the various social services and nonprofitable support infrastructure which kept the USA functional to further enrich themselves. With private equity consultancies and other contract oriented outsourcing they even do this to their own corporations leading to increasingly nonfunctional organizations of all kinds. The problem of course is that in hollowing out the US government and outsourcing everything they can they have rendered the empire ever increasingly weak and ineffective unable to sustain itself any longer . The leaders in China, having long focused on longer term growth than the shortsighted western stock markets which were too focused on their next stock return fix, were smart enough to see this coming and also seem to have taken measures to position themselves to exploit this self destructive cycle of western capitalists while likely also helping to accelerate the pace of it as well. In this context China is doing a lot of what the USA did over the 20th century to gradually usurp the control over the empires of European states. By the time the greedy addicts who call the shots in the neocolonial era started paying attention they were already too deep into their greedy indulgence to be able to effectively respond stuck in their own sunken cost fallacy.
If Biden has not got his programs started, we would still be living with Reagan throw a crumb to the poor working class now and then, and that all we got with Demented Reagan.
The problem is that even tho the policies are enacted, worker rights have been cut in many states so they won’t be able to effectively defend themselves whenever a new administration comes in and just reverses everything.
That is why it is critical to vote democrat across the board. Has already stated she will support unions and if congress is also democrat abolish right-to-work (I'm paraphrasing here). Trump will only increase your suffering exponentially.
The Democratic party is legally allowed to rig their presidential primaries, or choose their POTUS candidate internally. That's legally what they can do. There's a lot of wealthy people funding the Democratic party.
And that's what the democrat party will always do. That's why it's so frustrating seeing progressive people wasting their votes and hopes on those corrupt politicians.
Interesting how "maximising share price" and "maximising profits" are not synonymous meaning that a company can be running a loss for years but so long as investors think that it will eventually it can just keep running a loss and due to a rise in share value the investors can still make money by selling stocks while the company loses money.
It is all about narrative. When we look back at so-called Iraq's WMD fabricated evidence, what did happen to America after there was no evidence of WMD there? (where was ICC?) Nothing. It means the US managed to achieve their geopolitical goal in Middle East, no matter what. Just like that!
It's do disappointing seeing this channel falling in the dumb anti china propaganda, especially when the entire video is like an admission that they did it right.
Apparently, we're all supposed to forget the way the social safety net was ruthlessly crowbarred out of the bipartisan infrastructure bill. This hagiography of a crass Dixiecrat is far too little and way too late.
It may not address all the issues that just means more stories need to be told...but remember how hard it is to get people who were raised on sesame street to have a long enough atgention span. Things need to be brief, information dense and factually correct and devoid of emotional manipulation with easy to connect dots. The bread crumbs need to be laid out in an easy to follow trail.
The "bipartisan" how do you like your pork bill? Disinformation is the limits of your bot programming. DC is a long train to work in the city & be there for your sons every evening. Why don't you tell everyone how you could better the world with a 1 million dollar Sugar Daddy loan & multiple bankruptcy bailouts?
Non-productive capital is the issue. That is, capital that doesn't maintain or create new jobs. That's what happens when virtually everyone puts their money into the stock market. That's how you make a country's economy weak, to the point of breaking it.
High marginal tax rates in the 50s encouraged productive capital, in my opinion. It made sense to just invest capital back in the business because otherwise you’d just be giving it to the government. Stock buybacks being illegal at the time sure helped too.
All capital is the issue because all capital is the accumulation of labor paid. It’s all productive insofar as it is only allowed to be produced in the first place because of its profit potential
@@grmpEqweer Not that I disagree with your basic premise, but mercantilism was a distinct phenomenon from capitalism. A precursor to be sure, but not the same thing. In order to steer the course of history it is important to understand it with precision.
I don't blame NAFTA as much as I blame a lack of regulation and education. As this video points out, workers becoming a bottom line to companies while also focusing on "trickle down" economics really crushed the middle class. Global free trade can make it harder for every nation to compete, but encouraging companies to decrease salaries, increase prices, and hoard profits makes a functional economy impossible.
1:23 right, so… neoliberalism is not _just_ anti-protectionism. I feel like you’ve been talking for 90 seconds and every single thing you’ve actually said in voiceover has completely failed to comprehend why bernie and the rest of us actually feel so much rage. the way you use production value to gloss over your incompetence reminds me of johnny harris. That is not a compliment. hint: the reason we are fed up isn’t for lack of places of work that require installation of suicide netting.
@grmpEqweer which is why they're pushing nuclear so hard. Sure the waste lasts millenia, but much like global warming, that will be the futures problem.
Terrific video! I totally agree with the ending that media isn't reporting deeply enough into the cogs of the system vs making sensationalism stories for views. I entered the workforce in manufacturing in mid 2000s. This is all true from my perspective. Outsource to Mexico, layoffs every 2 years....in my world, that trend still hasn't changed. I do hope we see what you are talking about where I work. More training and opportunities for employees with focus on growing manufacturing here. Reasonable drug prices, home prices, pensions, health care...we have so many problems but this video gives me hope
It would be nice if this change actually occurred but my entire life has told me it will not. For over 40 years They have been using the current system to siphon wealth and access to it from future generations and consolidate it into the structures we have been fighting. Access to the middle class does not exist anymore. You have to make 200,000 a year gross income to have the financial stability to be classified as such.
It feels radical to say, but Biden had tons of great policies. Some incredibly unfortunate foreign policies (shared with republicans) but still, some great u.s. policies.
Yes, the most glaring contradiction playing itself out currently within the US political class is how quickly & aggressively they will decouple our production from China (strategy, too) Both overarching camps are aware that it must occur in order to maintain US hegemony. Which they're all conveniently in agreement on :) Various organizations & industries stand to lose billions of dollars over the course of the coming decades, depending on how quickly & effectively it is accomplished (or not). So. They're hedging their bets as we speak. Trump got a pretty nice uptick in funding from major players like Ackmann after his conviction. fyi But we'll see how much manufacturing, and in what form, makes its way back to the US. Because it's heading to Haiti, too 👀 fyi And that new semi-conductor manufacturing complex in the heart of the southwest seems like a bad idea with the impending water shortages. Maybe they shouldnt have relied on Taiwan for that anyway. But if you told these guys 30 years ago that they'd lose China, they wouldn't have believed you, so. Hubris :)
...Kind of agreeing with the semi-conductor factory. There's lots of solar power to be had there. If cooling is the issue, maybe an underground loop of waterpipes to cool the water and dump the heat underground?
This video was the first place I heard about the chip factory in NY. With that one, I have heard of three attempts to start a chip manufacturing plant in the US, Wisconsin (which seems to be DOA), Arizona (which seems to be on indefinite hiatus), and now NY.
The people always deserve more. They deserve socialism frankly. These kinds of abuses will always go hand in hand with our economic madness. Letting so few decide for so many is the problem. America should try to at least emulate more of the social policies of EU nations and also to rethink the absurd defense spending. If it helps and brings us closer to real prosperity for everyone then I’ll support it. There are some things which civilized people should not leave for profit for sure such as healthcare.
It's too bad there is no totally democratic financial system that exists outside of government and billionaire control, is both secure and transparent, AND stable.
I work in manufacturing directly with VA and we’ve received investment. Complete with new workers and equipment but absolutely no raise in pay for the wage slaves
I don't really buy political promises that are made when they have elections to lose. The fact that Biden supported and promoted these exact practices for his entire 40+ year political career until only recently makes me skeptical. I'll believe something has changed when I see action, not just talk. The actions taken so far leave much to be desired.
I can pay $10,000 for a Chinese electric car and keep my job, or pay $35,000 for an American gasoline car, and maybe get someone in the midwest a descent paying job in the auto industry. I say the dude in the midwest can either move, or get a job doing something else. I would rather have my Chinese car that I can fuel for free with my Chinese solar panels. That's a better deal.
@@Michael-vs9yc that happened to my mom who worked on an assembly line in a bed factory in Cerritos. She then just got a job at Walmart. She raised 5 kids who are all home owners, parents, and, college graduates. She also bought 7 houses she left for rent to live off of, and retired with $180,000 in Walmart stock. She also only had a 5th grade level of schooling and only learned basic English. Her net worth is triple that of the average white man her age with a college degree. She also did that with no help from dad.
none of these positives apply to my life... we need to be uplifted because we were fucked over by older generations of politicians that aren't even alive today... and their children are not any better.
"not playing by the rules of the game" No we should literally be using public funding to help better develop our worker owned industries that is what we should be doing instead of dumping billions into forever wars
In 1995 I bought an American-made Oster hair clipper set for $98. I thought it was worth the money and a good investment. And then in 2018 I bought a Chinese-made Tescom brand for $25 and wondered how it could be considerably cheaper when the cost of most other things had increased😕
I keep seeing job listings that say entry level at the top of the listing, but the job descriptions call for high levels of expertise and experience in many areas. Now I'm wondering if the employers are scamming the government for tax breaks.
I would agree with you that legislation should help with bringing back manufacturing to the United States but the reality is even the CHIPs act which was signed into legislation years ago have not paid a single dollar out to the people who it was awarded to
As much as I hate the online fights about whether the far left should vote for Biden, there is also the thought that maybe the reason Biden went against Neoliberalism was that he was worried about losing Bernie supporters.
Biden, if nothing else, is really good at sensing the changing winds. He was ahead of people like Obama on same-sex marriage and basically strong-armed him into supporting it in his '08 campaign. Same thing with embracing more left-wing economic policies. It should also be noted that he and Bernie have been genuine friends for decades. They respect each other a lot. Bernie has said many times that Biden, more than anyone in the Senate, has always listened to his ideas without judgment.
I will vote for RFK..the only one who actually cares for all of us. The only one who wants to take care of the issues we all care about..and who has a history that backs it up.
I will vote for RFK..the only one who cares for all of us. The only one who wants to address the issues we all care about..and a history to back that up.
It's ironic that the government must fund this transition. It seems to say that the common good is not served by Capitalism but by the regulators of Capitalism (aka an uncorrupted democratic government). These investments should come from industry, guided by regulations and tax policy.
I am not so sure that even tho the middle class had all the jobs in US, that their income would be better. The corporate greed will always cut cost. If it isn't a specialised job that few can do the pay will never be that good...
Inflation isn't because of this kind of deficit spending that leads to economic growth. Inflation happened because the fed bought out the crashing bonds market during covid, and paid out billions in stimulus.... this more than likely saved the global economy, but, inflation was the trade off. Deficit spending that creates jobs and infrastructure increases the money supply but also increases velocity of money and spending power and doesn't necessarily lead to Inflation. There is very little evidence that deficit spending in this way is responsible for inflation. Of course there is a limit to how much you can pump the money supply at once, but, a deficit in and of itself is not a sign of a dysfunctional economy and people largely worry about deficit spending more than they need to
Bernie out here spitting the facts decades ago
Yeah, but then he still endorsed Biden
@@Bluebelle51 You're right, we should have let Trump win. That would definitely have improved things.
@Bluebelle51 Exactly, because Joe is pro-worker, and as shown by this video, his policies reflect that. If Biden wasn't living up to it, Bernie would never support him for any reason.
@@matthewcaldwell8100 this. When we get a third party candidate with at least Ross Perot's chances, then you can get picky.
@@Bluebelle51 That's right. And what you're seeing is Bernie's agenda being enacted. Y'all don't know how to take a win when it's handed to you.
Man if Biden is considered radical I don't even know what to call what we really want to happen
Biden is less radical than Trump when it comes to catering to the corporations.
But he is still a radical billionaire bro.
That they paint him as a kind of champion for the working class is saddening...
@@martinfiedler4317 First, Biden's not a billionaire; his net worth is about $10 million according to Forbes. Second, neither Trump nor Biden are radical. People misuse the term all the time to mean extreme or fringe, but it actually means root. As in: radish = root vegetable, radical in math = root, and radical in politics = fundamental systemic change. I would argue that neither Trump nor Biden are radical since they both seek to maintain capitalist order and hegemony. Regardless, you're right-it is sad how Biden is marketed to us as champion of the working class.
He's still a radical neoliberal -- austerity is violence and class warfare.
@@martinfiedler4317 Name another president that went a legit union strike to side with the workers
You have to have conversations with people who think he is radical, and compare him to what the extreme left actually would rather have him do instead. Then they'll realize they are being bs, or they'll somehow panic even harder.
Wallstreet helped destroy the middle class.
With help from the Senator from MBNA
Wallstreet insists on pyramid scheming the blue collar class.
They got the jail time AND jailess hand slap fines to prove it.
Brokers should wear tear drop tattoos so you cant point em out in lineups. Stop bailing out American Cartel.
by making them rich and moving them into the upper class
@@SgtJoeSmith
10% of the people hold 75% of the national wealth.
The bottom economic half holds 2.1 percent of the wealth.
@@SgtJoeSmithCan I get some of whatever drugs you're on?
TRICKLE DOWN wasn't "the bargain of the last half century," that was not what Americans agreed to, that's what we were subjected to like serfs.
Truth
The inherited wealth aristocracy manipulates and orchestrates everything in this country for decades. The trickle down mafia caste rigging everything has the honest hardworking Americans as their serfs and is now outright farming us as their livestock by easily emotionally manipulating the bandwagon of fools who are a danger to themselves and others, too easily manipulated by the trickle down mafia's fake "life" psy ops.
Nope. Sorry. I know we love the "poor put up on citizen" narrative so as to not burn bridges with varying demos but... American voters have made choices, clear choices, for decades now.
It's like when people acted as though the Bush Administration "lied us into war". As though there wasn't a clearly articulated counter narrative widely available. It was never "Bush lied and people died" it was "Bush/Cheney Administration lied and despite all the available evidence to the contrary the majority of voters chose to believe the Republican Administration."
Ditto "Reaganomics/Trickle Down.
Cool now Un invade and un Coup all the countries that were invaded to protect companies interests. Now you are implementing their policies maybe Europe will invade the USA and protect their interests would you all consider that justified???
Is that not what people voted for?
To be clear, the NAFTA agreement was bipartisan. Although Bill Clinton did sign the NAFTA agreement when he got into office, he did not create it. NAFTA was the brain child of Ronald Reagan who passed the Trade and Tariff Act in 1984, then in 1992 George Bush Senior pushed the NAFTA agreement through congress.
@@brucehamilton3157 NAFTA passed with mainly Republican votes, majority Democrats voted against. And the ONLY Obama bill Republicans voted for was to approve "fast track":authority for the Trans Pacific Partnership . Again, majority of Democrats voted against. I remember Hiliary having to back pedal on her support for it in 2016.
@robertthweatt1900 NAFTA is not the problem. It's China, they literally said it in the video. There is nothing wrong with working with your neighbors to create the most prosperous area I the world. Neither Mexico or Canada stole US tech to build weapons aimed towards the USA.
@@robertthweatt1900so Republicans created Obama's TPP bill... got it
and Trump didn't revoke the USA from it.
my question to you is, how dumb are you to think everyone else is as dumb as you? like what is the brainwashing protocol that brought you to say something so stupid?
I wish this video would have been more clear about the origins of Nafta.
Oh shit it’s Reagan hand me downs? Throw it in the trash.
The pie got bigger,fewer people got a slice of it
Or the slice got (more) smaller.
@@martinfiedler4317 all I know is, I'm still hungry
I would say the pie got bigger, but the people who made the pie get crumbs.
Talk about 'trickle down' theory & how it's been proven not to work! Add in substance abuse & deaths of despair...alienation, imperialism, & the need for meaning & purpose
Bingo
"That we'll reward work, not wealth in this country" feels like a great motto for the next decade
amen
Its a nice saying, but in America the wealthy will wrongly always be put on a pedestal. Because the worked cant donate millions to a political party or swoon Supreme Court justices with gifts and lavish vacations.
Yup. Too bad it's too late for those who've worked until retirement age w/no retirement to show for it b/c of pensions lost to the toxicity of Wall St.
@@anpdm1 and those of us who's minds and bodies are broken from working under neo liberalism.
But how do you operationalize this mentality?
One thing that wasn't explained here, Neoliberalism wasn't implemented around the world, it was imposed. It started with the coup in Chile and continued with extortion through the IMF and similar international organizations.
You are giving this place too much credit. This is not a real leftist channel just fyi.
@@gannibalof21st I disagree. It was started by Bernie folks
YES! Thank you!
@@suzannecastello4380 ms.castello this was started by dsa folks. If you know anything about dsa then you'd understand they are far from leftist, and the fact you think Bernie is a leftist. Bless your ❤.
@@gannibalof21st Sad but true the US has no true organized leftist movement that actually is left of center with centralists like Bernie sanders being about as left leaning as the current winner takes all 2 party system allows.
That said informing others of the complex larger picture of the rise and obscuration of the post WW2 American empire among other things is important if we want to found a real leftist movement in the US.
The reason I come here is in the hopes of informing folks of the larger interconnected nature of how our societal problems to get points across and hope to make things a better place. I admit I don't think a true leftist movement in the US is possible ATM as media is almost entirely controlled by right leaning stakeholders who continue to abuse the ratchet effect to push the US further and further to the right. Breaking that right wing think tank stranglehold is important so we need allies if we are to do so. My view is that breaking down the hidden façade of the Globalist empire and how it is maintained by the dark triad of Neocolonialist organizations the World Bank International Monetary Fund and World Trade Organization which exist to further amplify the inequality of imperialism. It is this system which ultimately feeds our environmental crises by making it easier for foreign powers to extract resources and labor from across the world without just due compensation or any say of the indentured countries peoples.
So long as the growth centered economy built on empire is allowed to persist we can not address the current crises as making cheaper alternatives has only resulted in increased environmental burden though expanding capacity so we need to try and add voices shifting the narrative towards more sustainable and just economic ideas and practices even if it is just a tiny bit.
How have we allowed politicians to insult our intelligence for so long?
There's still people that think Reagan was the greatest president we ever had. A lot of people in this country don't have any intelligence to insult
Imagine that instead of an internal enemy like Trump, there existed an entire country that could and would drop the bomb on you at any moment. Schools reinforcing this idea by holding nuclear bomb drills, air raid sirens and everything.
Now imagine operating in that environment of crippling fear, anything the strong man who rescued the Iranian hostages can do will be good.
I think that the relative peace of the 90s gave rise to a generation who was more critically conscious and since the appointment of W followed by 9/11 i think there has been a growing mistrust of the federal system.
It's only the idiot minority who believes in the 2 party system, and the actual silent majority don't believe we can fight The powers that be...
In short, fear keeps people from criticizing leaders who assure them that everything's fine.
as Jordan Peterson observed humans as individuals are fine, put them in a group and they are dangerous AF, they become sheeple.
and you are 100% correct the politicians long ago gave up representing their constituents, they now only answer to their corporate masters.
Good question - teaching kids in high school how all these political decisions affect them might be a good start. I'm 69 and only started teaching myself a little at a time a few years ago when this crap really became glaringly obvious as to how it was all affecting me...I'm sad to say. Politics always seemed somehow out of reach for me to understand...and maybe it was until the Internet.
Because politics are a drag and people have lives and jobs. It's hard to take interest and wrap your head around anything when both sides of the government lie, have moonlight hearings, and shove back door bills through while you're busy treading financial water to survive
when people are asked what is the most important issue we face they are given a list of choices, among which is the economy. This is not the right word. The word is INCOME!
"economy" is another word for the wallets of the wealthy. it has nothing to do with the lives of most americans.
I agree that the economy doesn’t necessarily correlate to working class people’s income, but cost of living is also a factor.
i would say 2 words. spending and greed
Wealth inequality. We're not living in the stone age anymore, there's plenty to go around. The problem is wealth continually concentrating in fewer and fewer hands.
@eyesofthecervino3366 they are the only ones that want it. I been trying to find people to pay $1 million a year for 20 years
All roads lead back to Reagan.
Reagan & Thatcher gave us 'trickle-down' economics, aka neoliberalism
Don’t let Clinton off the hook. His bad ideas brought us FOX news and Limbaugh.
@@CurraghchaseThe Clintons are a microcosm of the Democratic Party in a nutshell: allow radical conservatives to push the country right, exacerbate inequality & destroy social nets so that when Democrats take office, they can take the "center" and maintain the new, less democratic status quo.
Bingo ! You nailed it !
@Curraghchase I thought Regan destroyed the fairness doctrine that allowed for fox News to become a thing
ranked choice voting would be so beneficial to the people. with our current system a third party could never be voted into the presidency
Agreed!!
i think it would be the most impactful change we could make to not only our democratic system, but our entirely country. fixing this would allow us to fix a lot more.
*with our current votership failing to understand they already don't have to vote for the uniparty, a third party could never...
Fix it for ya.
@@custos3249Fix what? Do you believe the system as is fixes anything?
I disagree
13:01 That's the "Walmart Effect" worked on small towns across the country. A Walmart opens, local businesses in that town & towns all around go bankrupt. Then, the store that opened becomes a backwater whose stock deliveries are the leftovers & unsaleable overstocks Walmart can't sell in high-population-area stores. Then DollarTree, DollarGeneral, or FamilyDollar opens up.
It is criminal. But FREE CAPITALISM is always the Republian answer and solution. Because it rewards the Wealthy and anit-union. Europe has a better working class system then America.
Greenspan: The US has the highest standards of living in the world.
Bernie Sanders: No we don't !
No we don't is correct. Sweden, Finland, Norway, Denmark, Italy much better quality of life where the working class is valued and rewarded.
@@joeuscanga7235 Recon why old Bernie keeps running his mouth about how it ought to be and has no reference of a place that works as he talks about ...Plus why is he not in that place .To hell with that old communist bastard
@@elizabethwitt2621 Want me to get you a one way ticket to the country of your choice.I ask why are you still here .
@@FreddyEason-mi5fxbecause getting a VISA to live in those countries isn’t easy?
@@zackkassner3374 yeah they dont just take anyone in ....i guess thats why they are so great at what they do .
I know what we were told, but the effects of NAFTA seemed clear and predictable, even at the time. There was a reason so many were protesting that and the WTO. I'm really glad that there's rethinking on the country's priorities and strategies.
I remember NAFTA. Its consequences were absolutely understood at the time by critics. Clinton didn't care.
“Big Box Mart” by Jib Jab was a thing 20 years ago! The Wal-Mart-ification of America was swift and complete! Now Dollar General is sucking up the leftovers! 😡
What are you talking about, Americans were told they could get cheap stuff and responded accordingly. Ya gotta read the fine print that YOUR jobs are going away even if it seemed obvious
It starts with us - consumers. Demand products produced locally. Sure it will cost more, but think about why we are paying less for junk now.
@@eringo-bragh4243 Yup - it's up to us to purchase with eyes wide open.
I’m an oldest millennial (class of 2000, baby!). We were lied to our whole lives and have figured that out. And we are ticked off. Our kids, who are starting to hit the job market, have watched us struggle and suffer and have learned from that. Things are changing! 😤
Ticked off and motivated! Also making darn sure my kids know how the system works and how to fact check so they won't have the wool pulled over their eyes. Voting matters!
vote blue with me this fall. finish the fight.🔵✊🏻
No one considers you a millennial, you're Gen z. It doesn't really mamter but most people mean 30-40 year olds as the millennial generation.
@@austinhernandez2716”class of 2000” means this person graduated in 2000. No shot is this person Gen Z lmao. I am Gen Z, I was born in 1998. Huge gap there.
@@EdHorlick You want to "finish" the genocide?
Blood soaked ghoul
I hate how this is presented as "who would've known this would happen" politicians and companies always knew.
Everyone knew what would happen after Clinton signed NAFTA. I started buying made me n USA for my job. Sometimes it took hours of research to figure out what was available. Unfortunately, it’s harder than it used to be, but a lot more products than you think.
@@NitroscionI remember back when NAFTA was being discussed before it was signed, and what happened is exactly what the people opposed to it said would happen.
@@Nitroscion And then Democrats did the shocked pikachu when Clinton lost in 2016. It's like well the first Clinton was terrible for our economy and many of us weren't interested in Clinton part 2.
Then it was like REEEEEEE You all aren't feminist enough!!!
Reaganomics, totally free trade... destroys the world. Infinite growth in trade, doesn't mean the people, mines, nor farm land are all infinite... we need managed regulation
Ross Perro campaign on it.
"not playing by the rules of the game" that's the neoliberals problem, everyone "playing" the economy "like a game" rather than the center piece of our lives. garbage
We could organize things so that we prioritize everyone's needs being met and giving real opportunities, but that would be inconvenient for the people who have the most power and wealth already, and they ser the rules. It's their game.
@@nathanpetrich7309That’s called Socialism and let’s face it, the US capitalists won’t allow it unless we force them.
Its amazing that trump could say all those things about free trade and then not do anything to solve the issue and still have millions of the poorest Americans rabidly dedicated to him.
Truly the most astounding element in his political career
Confidence Man at his best making things worse
You are severely misguided if you think the poor people are his key supporters. Every fascist in history has managed to get a good part of poor people on his side, because every fascist in history has the logistical support to do so from the rich people and liberals. The democratic party would much rather see a fascist in power than even someone as mildly left-leaning as Bernie - that's why fascists get platformed so damn much in the US, while no socialist/communist/anarchist ever has been.
"Bone spurs" is just the trickle down mafia using a demagogue to exploit the very problems they themselves caused. Unfortunately too many people are too easily manipulated by the trickle down mafia to see what is really going on with such a dangerous malevolent idol.
The economy, aka what I could buy with my money, was so much better under trump. Joe biden has to redefine inflation so he can argue inflation is lowering. Joe biden says he decreased the deficit, and what really happened was he increased the deficit at a lower than previously planned rate. He is a liar. He didn't even support gay marriage until it was cool.
STOP EXPERIMENTING WITH THE LIVES OF AMERICANS. People need to jobs to produce income. Being ONLY a consumer is RIDICULOUS!
I distinctly remember when Reagan stopped calling us citizens and started calling us customers.
America is like the Titanic. Too big to turn, too slow to react, in denial about sinking, and there aren't enough life boats for everyone.
But, oh-man! Don't vids like this rearrange them deck chairs!?!
both of your are stupid and very simplistic, and there also has to be a bit of post truth there. I guess your THAT kind of leftist.
You should try watching the video. We’ve got a chance to turn things around, and lots of people are trying. Cynical edgelord whining won’t help.
@@Jositoooo
👏🏼👏🏼👏🏼👏🏼👏🏼👏🏼👏🏼👏🏼
@@Jositoooo You aren't going to want to hear this, but when they say the era of neoliberalism is coming to an end, the truth is that the new era that succeeds this is going to be the era of fascism. Blame the Chinese, immigrants, muslims, jewish people, LGBTQ+, etc. America will blame anyone but themselves for their problems.
"It was a very naive bargain." This has been obvious all along.
Yes, not naive. We were sold out by those in power
Well this comment section is already shaping up to be popcorn worthy. As for the actual content? Well, I got laid off because I was just a number on a spreadsheet. I've also worked a "lean manufacturing" factory job, and have gone through the "Lean Six Sigma" stuff inspired by Jack Welch. And yeah, Biden was just about my last choice for the White House in 2020, but if you thought Trump would have brought back manufacturing jobs and middle class growth, I've got a fresh box of Trump Steaks I'd like to sell you. His ONLY legislative accomplishment was a tax break for the billionaires who treat people like entries on a spreadsheet.
I was a Bernie supporter, and I agree --Biden was way down the list for me. I thought his first two years were surprisingly ok though, given Manchin and Sinema, etc., but somewhere along the line he forgot about the Bernie power, and it feels like he's started listening to Hillary --courting that mythical suburban woman, and also her hawkish Middle East views (and the arrogance and not listening). I do think he still wants to do more of what's in this video, but I worry about his drift to the neoliberal middle, caring more about not pissing off Capital by bringing real change....I'm going to vote for him, so that I have the opportunity to vote in the future, and we have some semblance of a Democracy left, but I'm holding my nose hard and asking forgiveness from the souls of dead children his bombs killed, and his policies starved to death.
I'm still bitter about the Biden rug pull in the democratic primaries I hate Biden and always have as he has always had a strong connection to the American Neocolonial economic empire project as well as a tendency to easily cave to work with right wing bigots' across the Isle. That wishy washy nature made him untrustworthy and his efforts under Obama and his Neoliberal doctrine of inclusion through token membership of minorities to the Oligarch class didn't do anything to help his favor. Lets not forget how many bones Biden has thrown the fossil fuel industry trying to "please all sides" (mostly because of Manchin no doubt but still).
I never understood why people could ever vote for trump, sure I distained the toxic Neoliberal Hillary Clinton but Trump is and always has been an unhinged egotistical sadistic psychopath born with a silver spoon and whose only talent aside from money is being a career con artist. Hillary Trump Biden all of them are frankly evil people motivated by self interest but to differing degrees of Evil. Trump notably is a bad faith actor to his core as seen in how he tried to undermine the election, having literally no bottom line in how far he is willing to go or do to get his way and viewing everyone and everything as disposable pawns in his pursuit of power. Sure it wasn't as blatantly obvious before he was elected the first time but all the signs were there of an unhinged untrustworthy man motivated only by pure self interest and ego. The people I talked to asking why they made the choice for trump seem to have at least back then did it mostly as a vote of frustration but talk to them now and most of them are so sunken into the cult lies that you can't reach whatever is left of them without being in their cult. Trump literally uses the same kind of language and appeals as cult leaders....
At this point, if they put up a shoebox full of dead spiders I’d vote for it to keep Trump out of office. If you pay attention to the way the Supreme Court is ruling right now, they’re clearly primed to surge even harder to the right if they get a friendly executive branch. Christian nationalism will absolutely take over if Trump wins in November. We have run out of safe guards. I’ve been hearing unserious hacks tell me every election of my lifetime has been the most epic and profoundly consequential election ever. It’s been bullshit every single time, but we are at a legitimate turning point.
Just to be clear, the Democratic Party is culpable. They have repeatedly refused to do what’s right, even when they have had the indisputable majority to do so. They could have legislated federally protected abortion, but didn’t want to give up their political football. Same story as the GOP and immigration. We are at the risk of losing our nation because we’ve been governed by naked self interests and corrupt opportunists.
You're absolutely right
You have swallowed the propaganda hook line and sinker, and clearly have no clue what you are talknig about.
We need diversification in the supply chain not a monopoly. Unless companies are willing to let increased wages cut into their profits, US manufacturing will just make things more expensive and will be outcompeted in overseas markets. And the workers buying power will not be any better than it is today.
I wouldn’t argue for huge supply chain diversification but rather fixing the broken laws around our economics (which encourage for price gouging etc)
I don't think you fully grasped how the Inflation Reduction Act works - go back to the incentive layered cake part of this video. For once someone (President Biden) isn't just handing them a lot of money for them to pocket.
I’ve worked hard my whole life for 💩 wages and have watched the middle class disappear. I’m tired
What do you do? I got into trades (mechanic) when I was 18, purchased tools, got training and worked hard to better myself for me. 47 now and doing well.
Same
I feel your pain , I collect social security and a small pension and still working.
Should've invested in stocks mang!
Imagine not investing in stocks your whole life. Bro set himself up for poverty
Might not see this but I’m a med student in the uk. Your private equity companies are desamating a large part of our NHS. ‘The great NHS heist’ is on TH-cam it’s a good start but it’s not perfect and sometimes a little exaggerated. However I’m seeing’ mckinsey & co PowerPoints in mdt meetings. The actions of the uk government, pushing privatisation is interesting since you Americans seem to be switching towards anti big banker w*nker and business b*tch but we seem to be idolising them. Idk but I haven’t seen anyone on the American side review what is being done to the NHS.
Probably because we are busy pointing at the stinking pile of our own healthcare system. For those that refuse to see it, mentioning any other country is responded to with "you can't compare the US and _____ because [BS]". Privatization is definitely a crap plan for a slew of things and it sounds like voters over there have noticed how "efficient" the Tories are at profiting from it.
They've run our healthcare system into the ground. I hope your country is able to keep them at bay 😔
Oh we know. McKinsey is a cancer.
Yeah you guys about get a lot problem as McKinsey & Co is most evil company in world. They one main reason why USA economy is so screwed and today.
If want to know just what kind of problems they cause he short list of result of their action.
1. They help government paid health hospital take money from poor ILLEGAL
2. They contribute to good number layoffs
3. They give Allstate way for them never pay money to people who should be getting money.
4. They make US government pay millions dollars more for resources
5. They advice have killed people before
Talking about "private entity"..?
Heard a little about it.
Just curious.
I also think that a few word choices would make this article hit harder because cost of living didn’t just “rise” It skyrocketed! In my life which I am only 40 I saw three major expenses triple in value in only the past 20 years, which is insane
You were at least paying attention. Odd how two of those happened in the wake of Trump's and Bush's unfunded tax cuts. .
They always downplay the unrelenting consequences the middle class faces
...redistribute the pie.
it may be cheaper, but that doesn't mean it's affordable. who cares if it's cheap if you can't afford it
The only American who won't acknowledge this Administration's failed economic policies is Joe Biden. "Shrink-flation' is the least of our worries compared to rising rents and stagnant wages, but it is an undeniable indicator of how bad our inflation has gotten. I have $100k that i like to invest in a non-retirement account, any advice on that?
I would avoid index funds, mutual funds, and specific stocks for the time being. Right now, the best option is a fixed income of five percent. Put money aside for the times when the market really starts to bounce back.
45% of Americans do not invest in the stock market because of lack of guidance. Every year you don't invest, you are falling behind. I’m hitting numbers in the stock market I used to dream of… Going from $50k to $600k in my portfolio is surreal all thanks to insights from my financial advisor.
Please can you leave the info of your investment analyst here? I need such luck
“Sharon Ann Meny” is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment.
Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.
You should talk to Louis Rossmann about right to repair, right to own what you purchase, and companies with abusive terms of service
Second that.
Great idea!
this. ☝️
Third that
I would love to find one of these new well paying jobs somewhere.
It's all just pretty words in the run-up to Nov. Never were gonna be jobs; it's just another greenback wash cycle. All that incentive money's gotta go somewhere, right?
Right? Where I am, layoffs have been rampant and wages have gone DOWN significantly
Shipbuilding companies are hiring, I can tell you that much
@@user-mn2mw1og8u Not exactly a generalized skillset.
Go to trades school. There's a shortage after hard workers and the pay is great.
They're starting to think about it now since more people are becoming poor and not many can afford to buy things anymore, which is just bad for the rich themselves. That's why they're taking actions. This country is just phucked
The government is taking action the Rich don’t care about anyone else and think it their fault for not having good jobs
People can't afford stuff in part because China was a crutch to the problem of inflation leading to wealth flowing upwards. Every year, we have 3% inflation on average, the rich want to make 5% or more extra in profits, while paying their workers 1% more or less. So every year, the middle class and poor have it a little worse. Then china stepped in and raised the quality of life for the average American. Now that we are pulling that back, prices of everything will continue to soar. All china did was hide the fact that every year, the rich take a slightly larger piece of the pie, and now after 60 years, the bottom 99% make less than the 1%.
If you think the rich are driving these changes you still have the wool over your eyes. If your position here were correct, were the elites so aware, Reaganomics would never have begun in the first place. The hyper rich do not care about the consumer market.
so, OP, let me get this straight, some of the rich are willing to make our lives better because it benefits them, and you think that's bad?
To quote Carlin "I bet that if you could find a way to make some money off getting rid of the homeless problem, it was disappear just like that" and if someone did, would you complain its bad because some rich person got richer while a problem was reduced or removed?
I will take the win almost any way I can get them.
@@xBINARYGODxthey made our lives better by allowing us to buy cheaper Goods while at the same time removing high paying jobs so by the time we realized they had pulled the carpet out it was already too late. That's what he's saying, that's not a win, and nothing like your Carlin comparison.
He's a capitalist. The difference is neoliberal shifting to social democracy.
The main problem is capitalism itself
All formal economies are mixtures of capitalism and socialism. They all depend on industrialism. Industrialism is destroying Earth's ecosystems.
Please do enlighten what are the problems with that and how you plan to solve it.
You’re using a capitalist app on a capitalist device. You’re the clown.
@@jobsavio4797 the people actually doing the work decide who gets paid. no more rental and shareholder bullshit, scalping profits off the value created by the people actually doing the work.
@@jobsavio4797social democracy is the different side of the same coin. it is still capitalism and still doesn’t work for everyone. just the people inside it’s country. they are also prone to backsliding into a neoliberal shithole , ie Englands NHS and its privatization
As a Canadian, i remember when the free trade deal was signed, we had a small window manufacturer in a nearby town. There was talk that if the free trade deal happened that they wouldn't be able to compete, they were gone in about a year or so after.
Damage went both ways but it was minor compared with the opportunities that followed, all 3 countries have enjoyed benefits. There is nothing wrong with working with your neighbors to create the most prosperous area in the world. NAFTA is not the problem. It's China, they literally said it in the video. Neither Mexico or Canada stole US tech to build weapons aimed towards the USA.
All I hear is a bunch of bitching and moaning from American capitalists who fucked up playing their own game. Now they wanna take their ball and go home. It's pathetic,
then you didnt actually watch and listen - congrats. If you actually ARE a fellow leftist, then I guess its the people who think and post like you that are our other big problem.
you are beholden to some other failed political economic thing, and you act like its a sport team vs another. Grow up.
From what I can see the capitalists are loving it, they got theirs and are off diddling kids on islands, buying up land as a hedge against a failing dollar, or just fucking off to other countries to live the good life leaving the bottom 90% to pick up the pieces.
They exported their production and other nations beat them at their own game.
@@GabrielHellborne Ultimately The Neoliberal hollowing out of manufacturing was part of a bigger hollowing out internal cannibalization of America by oligarchs addicted to seeing numbers go up. After the post WW2 American economic empire ran out of low hanging fruit to indenture though the brutal loan cartel of the IMF WB and WTO the growth of the economy started to stall out. As a result to maintain their numbers going up they needed an alternative source to keep their profit margins rising so they turned on the labor unions and manufacturing by outsourcing jobs as well as cutting taxes and the various social services and nonprofitable support infrastructure which kept the USA functional to further enrich themselves. With private equity consultancies and other contract oriented outsourcing they even do this to their own corporations leading to increasingly nonfunctional organizations of all kinds.
The problem of course is that in hollowing out the US government and outsourcing everything they can they have rendered the empire ever increasingly weak and ineffective unable to sustain itself any longer .
The leaders in China, having long focused on longer term growth than the shortsighted western stock markets which were too focused on their next stock return fix, were smart enough to see this coming and also seem to have taken measures to position themselves to exploit this self destructive cycle of western capitalists while likely also helping to accelerate the pace of it as well.
In this context China is doing a lot of what the USA did over the 20th century to gradually usurp the control over the empires of European states. By the time the greedy addicts who call the shots in the neocolonial era started paying attention they were already too deep into their greedy indulgence to be able to effectively respond stuck in their own sunken cost fallacy.
All of this! They hate the other guys because they ended up exploiting them instead of the other way around
I could use a good laugh today. Let's hope Biden's "radical" worldview can deliver.
If Biden has not got his programs started, we would still be living with Reagan throw a crumb to the poor working class now and then, and that all we got with Demented Reagan.
There is nothing radical about "better Capitalism".
I'll never forgive these people for what they did to me and my kids 😡
The problem is that even tho the policies are enacted, worker rights have been cut in many states so they won’t be able to effectively defend themselves whenever a new administration comes in and just reverses everything.
That is why it is critical to vote democrat across the board. Has already stated she will support unions and if congress is also democrat abolish right-to-work (I'm paraphrasing here). Trump will only increase your suffering exponentially.
If only they weren’t so garbage at messaging. Also man, we really passed up a real one (twice) with Bernie.
The Democratic party is legally allowed to rig their presidential primaries, or choose their POTUS candidate internally.
That's legally what they can do.
There's a lot of wealthy people funding the Democratic party.
And that's what the democrat party will always do. That's why it's so frustrating seeing progressive people wasting their votes and hopes on those corrupt politicians.
I agree but repubs think bernie isway to radical left
@grmpEqweer no the democrats are funded by small amount donations from the middle class ... repubs are funded by billionaires
stop watching Fox news ... it doesn't give real facts
Interesting how "maximising share price" and "maximising profits" are not synonymous meaning that a company can be running a loss for years but so long as investors think that it will eventually it can just keep running a loss and due to a rise in share value the investors can still make money by selling stocks while the company loses money.
Until people go to jail, nothing changes.
I love how the same people who caused this mess now claim to clean it up.
"China isn't playing by the rules of the game" what a weird way to say "we did this it's our fault" lmao
Good point
Skill issue literally
It is all about narrative. When we look back at so-called Iraq's WMD fabricated evidence, what did happen to America after there was no evidence of WMD there? (where was ICC?) Nothing. It means the US managed to achieve their geopolitical goal in Middle East, no matter what. Just like that!
It's do disappointing seeing this channel falling in the dumb anti china propaganda, especially when the entire video is like an admission that they did it right.
@@sergi5816 i didn't know the channel , but this bit of campaign fluff doesn't encourage a sub
Apparently, we're all supposed to forget the way the social safety net was ruthlessly crowbarred out of the bipartisan infrastructure bill.
This hagiography of a crass Dixiecrat is far too little and way too late.
Still no path to universal healthcare every other industrial country has. Too little, too late, and once again will make some people very rich.
Bravo!
It may not address all the issues that just means more stories need to be told...but remember how hard it is to get people who were raised on sesame street to have a long enough atgention span.
Things need to be brief, information dense and factually correct and devoid of emotional manipulation with easy to connect dots.
The bread crumbs need to be laid out in an easy to follow trail.
The "bipartisan" how do you like your pork bill? Disinformation is the limits of your bot programming. DC is a long train to work in the city & be there for your sons every evening. Why don't you tell everyone how you could better the world with a 1 million dollar Sugar Daddy loan & multiple bankruptcy bailouts?
@@mikjbwhy are you dissing Sesame Street?
0:45 “ WE have the highest standard of living in the world “
WE being the people he cares about
55% of every corporate board should be held by the workers. No more investor ownership!
we???? there was no bargain reached, rich got richer by their own disregard for their fellow americans... same as it has always been
I'm 73. I saw it. I lived it. We all discussed it. Nobody listened.
Non-productive capital is the issue. That is, capital that doesn't maintain or create new jobs. That's what happens when virtually everyone puts their money into the stock market. That's how you make a country's economy weak, to the point of breaking it.
High marginal tax rates in the 50s encouraged productive capital, in my opinion. It made sense to just invest capital back in the business because otherwise you’d just be giving it to the government. Stock buybacks being illegal at the time sure helped too.
Yes
Where do you think money goes when it is invested in the stock market?
@@larrydugan1441 it goes to the company who usually engages in stock buybacks to enrich investors
All capital is the issue because all capital is the accumulation of labor paid. It’s all productive insofar as it is only allowed to be produced in the first place because of its profit potential
Simplifying global economics to a game fills me with rage.
OK counseling might help.
Might try stopping attempts to manipulate the stock market with global politics disinformation. Maybe get a license for journalism or something.
Capitalism k1lls. It always has, even we called it mercantilism. It's an outgrowth of colonialism.
@@grmpEqweer Not that I disagree with your basic premise, but mercantilism was a distinct phenomenon from capitalism. A precursor to be sure, but not the same thing. In order to steer the course of history it is important to understand it with precision.
@@alphajackal6648
Do me a favor:
Listen to the "Behind the Bastards" episode about the Dutch East India company.
It's uploaded to here.
To be fair, he did start with two words. Then just added another word
An unadvertised sale, buy two get one free!
I don't blame NAFTA as much as I blame a lack of regulation and education. As this video points out, workers becoming a bottom line to companies while also focusing on "trickle down" economics really crushed the middle class. Global free trade can make it harder for every nation to compete, but encouraging companies to decrease salaries, increase prices, and hoard profits makes a functional economy impossible.
NAFTA and its cheap goods was an absolute disaster for the environment as well.
1:23 right, so… neoliberalism is not _just_ anti-protectionism. I feel like you’ve been talking for 90 seconds and every single thing you’ve actually said in voiceover has completely failed to comprehend why bernie and the rest of us actually feel so much rage. the way you use production value to gloss over your incompetence reminds me of johnny harris. That is not a compliment. hint: the reason we are fed up isn’t for lack of places of work that require installation of suicide netting.
It never made sense to me how it's cheaper to manufacture and ship internationally instead of just having jobs in America.
Slave wages save more than cargo costs. Quite basic.
Giant ships.
@@dionysusnow correct giant ships and cheap oil made it cost effective
@@GrooveTasticThang
...I'm sure some of them know cheap oil will slowly go away.
@grmpEqweer which is why they're pushing nuclear so hard. Sure the waste lasts millenia, but much like global warming, that will be the futures problem.
Terrific video! I totally agree with the ending that media isn't reporting deeply enough into the cogs of the system vs making sensationalism stories for views. I entered the workforce in manufacturing in mid 2000s. This is all true from my perspective. Outsource to Mexico, layoffs every 2 years....in my world, that trend still hasn't changed. I do hope we see what you are talking about where I work. More training and opportunities for employees with focus on growing manufacturing here. Reasonable drug prices, home prices, pensions, health care...we have so many problems but this video gives me hope
THE CHIPS ACT! 🗣️🔥🔥
Laughable you think biden is any better or different than trump. Like he said; "nothing is going to fundamentally change!"
2 sides of rhe same coin
Yo @RBReich - don't feel too bad. You also warned us about NAFTA. Thanks for all you do. #15:47
"Middle class" is a term made to split wealthier workers from other workers.
Middle class means putting your bills on auto-pay and spending the rest of your life servicing debt.
Yeah
@@GabrielHellborne wise people choose poverty over slavery
My first memory of 'Free Trade' in Canada was my father losing the job he held for 25 years. 'Free trade' has wrecked the economies of the world.
It would be nice if this change actually occurred but my entire life has told me it will not. For over 40 years They have been using the current system to siphon wealth and access to it from future generations and consolidate it into the structures we have been fighting. Access to the middle class does not exist anymore. You have to make 200,000 a year gross income to have the financial stability to be classified as such.
"Post-neoliberal" hell no we aren't, we just upgraded to Neoliberalism 2
care to substantiate that claim?
Yes made in America we have to take care of our own people LIVE BETTER WORK UNION
It feels radical to say, but Biden had tons of great policies. Some incredibly unfortunate foreign policies (shared with republicans) but still, some great u.s. policies.
Name one.
Yes, the most glaring contradiction playing itself out currently within the US political class is how quickly & aggressively they will decouple our production from China (strategy, too)
Both overarching camps are aware that it must occur in order to maintain US hegemony. Which they're all conveniently in agreement on :)
Various organizations & industries stand to lose billions of dollars over the course of the coming decades, depending on how quickly & effectively it is accomplished (or not).
So. They're hedging their bets as we speak. Trump got a pretty nice uptick in funding from major players like Ackmann after his conviction. fyi
But we'll see how much manufacturing, and in what form, makes its way back to the US.
Because it's heading to Haiti, too 👀 fyi
And that new semi-conductor manufacturing complex in the heart of the southwest seems like a bad idea with the impending water shortages.
Maybe they shouldnt have relied on Taiwan for that anyway.
But if you told these guys 30 years ago that they'd lose China, they wouldn't have believed you, so.
Hubris :)
Honestly, I hope whatever happens, Haiti gets a lot better. They've been through too much.
...Kind of agreeing with the semi-conductor factory. There's lots of solar power to be had there.
If cooling is the issue, maybe an underground loop of waterpipes to cool the water and dump the heat underground?
This video was the first place I heard about the chip factory in NY. With that one, I have heard of three attempts to start a chip manufacturing plant in the US, Wisconsin (which seems to be DOA), Arizona (which seems to be on indefinite hiatus), and now NY.
@@Haibing22
We do have chip factories in the USA, we just need more.
The people always deserve more. They deserve socialism frankly. These kinds of abuses will always go hand in hand with our economic madness. Letting so few decide for so many is the problem. America should try to at least emulate more of the social policies of EU nations and also to rethink the absurd defense spending. If it helps and brings us closer to real prosperity for everyone then I’ll support it. There are some things which civilized people should not leave for profit for sure such as healthcare.
It's too bad there is no totally democratic financial system that exists outside of government and billionaire control, is both secure and transparent, AND stable.
Did someone Copypasta the wrong CC in? What's going on here?
I work in manufacturing directly with VA and we’ve received investment. Complete with new workers and equipment but absolutely no raise in pay for the wage slaves
I don't really buy political promises that are made when they have elections to lose. The fact that Biden supported and promoted these exact practices for his entire 40+ year political career until only recently makes me skeptical. I'll believe something has changed when I see action, not just talk. The actions taken so far leave much to be desired.
You seem inexpert on Biden's career.
yes, taking career politician's word as good faith when their actions are contrary is intellectually dishonest
@@kurtwicklund8901 "inexpert" is an adjective. Also, Biden advocated for and voted for NAFTA. There's no arguing with the record.
This video talks about the actions being done to help YOU. Jesus, pay attention.
Bravo! Finally, a sensible comment!
great to see you covering partisan politics and pretending the whole two party system is not a scam, thanks!
I can pay $10,000 for a Chinese electric car and keep my job, or pay $35,000 for an American gasoline car, and maybe get someone in the midwest a descent paying job in the auto industry. I say the dude in the midwest can either move, or get a job doing something else. I would rather have my Chinese car that I can fuel for free with my Chinese solar panels. That's a better deal.
And when you’re job gets outsourced by a foreign country, then what?
@@Michael-vs9yc that happened to my mom who worked on an assembly line in a bed factory in Cerritos. She then just got a job at Walmart. She raised 5 kids who are all home owners, parents, and, college graduates. She also bought 7 houses she left for rent to live off of, and retired with $180,000 in Walmart stock. She also only had a 5th grade level of schooling and only learned basic English. Her net worth is triple that of the average white man her age with a college degree. She also did that with no help from dad.
Anyone notice that the CC was hijacked?
yeah :(
I think they accidentally loaded the transcript for the previous video
yes, the Russian hackers did it again
Fixed by the time I got here.
I'm disappointed in that they are relying on auto-generated cc. I've had a couple of cool coworkers that were hearing impaired.
none of these positives apply to my life... we need to be uplifted because we were fucked over by older generations of politicians that aren't even alive today... and their children are not any better.
If you are in the US…it absolutely does apply to your life at least indirectly. We are talking about community here.
So awesome that we just got a “vote for Biden” campaign ad here 👍
Didn’t Biden say “I don’t work for you Jack” to the middle class?
"not playing by the rules of the game" No we should literally be using public funding to help better develop our worker owned industries that is what we should be doing instead of dumping billions into forever wars
Don't know why they continually say cheaper goods. A bag of chips went from 25 cents to 4 dollars. Things never got cheaper.
toys , trinkets , garbage........the disposable crap that's the aim of consumerism
In 1995 I bought an American-made Oster hair clipper set for $98. I thought it was worth the money and a good investment. And then in 2018 I bought a Chinese-made Tescom brand for $25 and wondered how it could be considerably cheaper when the cost of most other things had increased😕
I keep seeing job listings that say entry level at the top of the listing, but the job descriptions call for high levels of expertise and experience in many areas. Now I'm wondering if the employers are scamming the government for tax breaks.
I would agree with you that legislation should help with bringing back manufacturing to the United States but the reality is even the CHIPs act which was signed into legislation years ago have not paid a single dollar out to the people who it was awarded to
Bernie Sanders is THE MAN! Biden 2024!
Bit late, pal
Tulsi 2024🎉 alternative realm
As much as I hate the online fights about whether the far left should vote for Biden, there is also the thought that maybe the reason Biden went against Neoliberalism was that he was worried about losing Bernie supporters.
Anyone arguing for the far left voting for Biden is delusional and totally illiterate.
Biden, if nothing else, is really good at sensing the changing winds. He was ahead of people like Obama on same-sex marriage and basically strong-armed him into supporting it in his '08 campaign. Same thing with embracing more left-wing economic policies.
It should also be noted that he and Bernie have been genuine friends for decades. They respect each other a lot. Bernie has said many times that Biden, more than anyone in the Senate, has always listened to his ideas without judgment.
China gives subsidies: Nooo they're taking over that's unfair!
US gives subsidies: Yea we good
Exactly this. That anti china propaganda was so dumb and weird. Especially when the whole video is and admission that they did it right
What happens to Medicare-for-all? Is Joe Biden going to make Universal Healthcare for all? That is why I will never vote for Joe Biden.
Depending on what state you’re in that’s ok. If you’re in a battle ground state you almost MUST vote for Biden
@@thegoastofmccain5368 Nope. If I am in a battle ground state, I will never vote for Biden Nor Trump.
Where is all this happening? All I see is factories shutting down and tax dollars by the billions going into projects that are never finished
I will vote for honest Joe and his big push for working class people, and manufacturing of sustainable technology.
He’s literally shown he has dementia over and over
I will vote for RFK..the only one who actually cares for all of us. The only one who wants to take care of the issues we all care about..and who has a history that backs it up.
I will vote for RFK..the only one who cares for all of us. The only one who wants to address the issues we all care about..and a history to back that up.
It's ironic that the government must fund this transition. It seems to say that the common good is not served by Capitalism but by the regulators of Capitalism (aka an uncorrupted democratic government). These investments should come from industry, guided by regulations and tax policy.
What a great video to teach people who don't know what Biden has done for all of us. Well put together.
I am not so sure that even tho the middle class had all the jobs in US, that their income would be better. The corporate greed will always cut cost. If it isn't a specialised job that few can do the pay will never be that good...
A lot of us were against Nixon going to China from the start!
This is spam garbage
Bidenomics = Austerity
GE moved all but a tiny 30% out of the USA.
What do you mean? They sold most parts of GE. Are you including the parts they sold off or the tiny portion they have left?
bargain. NO! never, not by workers. this started with Nixon in the early 70s
So, what do we do with inflation and the National Debt?
When is the jubilee for debts public and private coming?
Inflation isn't because of this kind of deficit spending that leads to economic growth. Inflation happened because the fed bought out the crashing bonds market during covid, and paid out billions in stimulus.... this more than likely saved the global economy, but, inflation was the trade off. Deficit spending that creates jobs and infrastructure increases the money supply but also increases velocity of money and spending power and doesn't necessarily lead to Inflation. There is very little evidence that deficit spending in this way is responsible for inflation. Of course there is a limit to how much you can pump the money supply at once, but, a deficit in and of itself is not a sign of a dysfunctional economy and people largely worry about deficit spending more than they need to
Biden vs. Trump on this issue is -
Reality vs. Reality TV (watched on a Chinese TV).
That's what Trump does. That's all he's ever done.
What do you mean? Biden spent 7.5 billion for 7 EV charging stations. You should get checked for TDS.