Tag: economic calamity

Econ 101

As we all know, no institution is more radically progressive, left-wing, and woke than Moody’s Analytics. Sure, they conduct objective analyses and offer insights to businesses about financial risks, but the facts have a well-known liberal agenda, and helping major corporations navigate issues is just the kind of thing that a lefty would do.

Yes, I’m spewing nonsense, but I’m trying to help our Republican friends figure out how to denigrate and dismiss the latest report from a respected, conservative institution that their presidential nominee’s economic policies are idiotic beyond restoration.

You see, Moody’s Analytics recently compared the economic promises of Joe Biden and Donald Trump. The study concluded that “a second Biden presidency would see cooling inflation and continued economic growth [while] a Trump presidency would be an economic disaster.”

How can this be? Polls show that more Americans trust Trump on economic policy, and a majority view the Trump years as successful. Well, on the first point, Republicans have never (as in never never never) been better at handling the economy than Democrats. And on the second point, Trump left office with the economy in a crater and fewer jobs than he started with. So maybe Americans don’t know what they’re talking about on this topic.

According to Moody’s Analytics, the convicted felon who fronts the GOP has promised to slash taxes on the wealthy, increase tariffs across the board, and deport 11 million immigrant workers. These policies would trigger a recession by mid-2025, increase the costs of consumer goods, boost inflation, eliminate over 3 million jobs, increase the unemployment rate, and add trillions to the national debt.

What’s not to love about that?

The chief economist of Moody’s Analytics said, rather plainly, that “Biden’s policies are better for the economy.”  

I told you they were left wing.

But if you still want to dismiss this report as liberal fear-mongering, consider that studies show that Trump “continues to suffer from the lowest level of corporate support in the history of the Republican Party,” despite the fact that an estimated 60 to 70 percent of chief executives are registered Republicans. It’s almost like these guys, who live for tax cuts and prize the bottom line over everything, are recognizing that enacting the half-baked notions of an addled criminal with multiple bankruptcies is a little disconcerting for business.

According to the historian Heather Richardson, the GOP is made up of “MAGA extremists and junior varsity opportunists” who are waving “red flags to business leaders.”

To be clear, these fat-cat execs don’t give a damn about wealth inequality, the rights of ethnic minorities, or democracy. But they do care about money. And if even these guys are shouting, “Don’t vote for this lunatic or the economy will collapse,” maybe we should pay attention.

Oh, and sixteen Nobel Prize-winning economists have signed a joint letter stating that “Joe Biden’s economic agenda is vastly superior to Donald Trump’s” and that GOP proposals are “fiscally irresponsible.”

 But none of those guys are stable geniuses, are they?


Dude, Chill

Like most Americans, I’ve watched this election season with a combination of amazement, amusement, befuddlement, and stark terror.

After all, we are perilously close to electing a president who is openly racist and misogynistic, ignorant of the Constitution, fond of fascism, and quite possibly demented.

But you know who is not afraid of this development?

That’s right — my fellow Latinos.

relaxed-woman

You see, a recent poll found that despite Trump’s “harsh anti-immigration rhetoric throughout this year’s presidential campaign, Hispanics are less likely than either whites or blacks to strongly agree that they are afraid of what will happen if their candidate loses.”

Just 38% of Hispanics say they are worried about the outcome of the presidential election. In contrast, 53% of whites fear the outcome, while 64% of blacks are nervous that their choice won’t become president.

Breaking down the numbers further, 45% of native-born Hispanics are afraid of what will happen if their candidate loses, compared with 30% of Hispanic immigrants.

Now, this may seem odd, in that Hispanics are second only to Muslims as objects of loathing in this election. And Latino immigrants, in particular, should be jittery as hell about the possibility of a Trump presidency. And yet, Hispanic immigrants are among the least worried about what happens in November.

But it actually makes sense.

Think about it — when was the last time you heard a Latino say, “If my candidate loses, I’m moving to Canada”? We don’t make empty threats like that, possibly because so many of us have already endured tremendous hardships to get here to America, so we’re not going to pack up and flee just because some jerk becomes the chief executive.

Also, there’s that whole thing about Hispanics being more optimistic about the future, more confident about the American Dream (however one defines it), and in general, just happier about life.

So yes, despite my fascination (bordering on obsession) with this year’s election, I’m not really worried about the outcome. Oh, don’t get me wrong. A Trump presidency would be a disaster. However, despite what you’ve heard from commentators both respected and fringe-dwelling, electing that narcissist would not mean the end of civilization.

Throughout our history, we Americans have overcome war, civil unrest, and economic calamity. Just add “terrorism” to that list, and you’re talking about the last decade alone. And yet we’re still here.

Certainly, four years of a delusional, mean-spirited little man at the helm would be extremely harmful, but it’s not going to destroy us.

And if that isn’t an all-American, patriotic, can-do viewpoint, then I don’t know what is.

 


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