this post was submitted on 08 Jul 2024
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Can a president realistically control that? They don’t control inflation.
Yes. They can drive party policy goals through presidential policy.
That’s influence, not control. It’s not always effective and parties rarely align.
Semantics.
No. Influence is not guaranteed. Control is. When the question is “why didn’t the president do ____, like they promised?” The answer is often because the opposing party actively voted against it. That’s why it’s a big deal when one party controls all the branches, which is often only for a few years due to midterm elections.
Printing a shitload of money and calling it "inflation reduction" is certainly the wrong way to help.
I agree. Every president back to GWB did. (24 years).
We should burn that amount of money. Which is approximately $19.95 Trillion. Then recoup it from the rich as wealth tax.
That's a shortsighted take that prioritizes punishing rich people over fixing systemic issues.
Fuck. The. Billionaires.