What is Biden’s Responsibility for the Economy?

There is no arguing that prices are higher than they were 4 years ago. That’s a fact.

However, regardless of who was in office, the worldwide economy would have played out similarly to how it is today. Prices here in the United States (groceries, housing, anything really) would have been comparable under any President.

Of the 196 tracked countries around the world, all have experienced inflation in the past 4 years. The U.S. is at the bottom 37% (123rd of 196) as far as inflation goes. Of course you shouldn’t believe me and do your own research. But if you don’t want to here is one article I found that seems succinct and where I came up with the bottom 37% number https://gfmag.com/data/economic-data/worlds-highest-lowest-inflation-rates/

So why is the economy worse? Did Biden cause it? Is it because the world is laughing at the old man in office and how incompetent the U.S.? Is it because of the immigrants (which many first world countries are experiencing btw; but a story for another day).

NO.

The economy would have been as bad as you think it is because COVID disrupted supply chains. People stocked up on food, office furniture and baking goods around the world. They saved money because there was nowhere to spend it except on goods (services of all kinds were unavailable) and almost all our governments put in place some kind of allowance so people without jobs would have money. Supplies that were coming in were backed up in shipping containers at harbors trickling in very slowly and so the demand for wanted goods drove up prices. Job growth slowed around the world. People learned how to do with less very quickly. Services industries all fell.

When worldwide COVID restrictions eased, many people had saved money so they didn’t need it right away and didn’t go back to work for those 2nd jobs or back to the office when they worked remotely. Other than more money in their pockets, many people feared going back to work and getting sick from the virus. Many companies took advantage of “working from home” by hiring the best of the best for higher salaries.

When restrictions lifted around the world people emerged from their homes figuratively hungry to be back in the world and not so eager to work in it. Restaurants, travel, and tourism all surged but they hadn’t yet replenished the workforce they let go. Suddenly we couldn’t fill service level jobs and job growth hit an all time high. To keep the few service workers from not quitting or calling out sick every day, companies paid them more. Where did they get the money from to pay everyone more in the service industries and by recruiting cream of the crop workers who wanted to work from home? Well that would be through increasing the prices all through the supply chain just a bit – which ends up being a lot for that same good or service at the end of the supply chain… That would be us as the consumers.

That’s a simple explanation of something WAY more complicated. There are multiple more layers, but almost none of them have to do with anyone who runs a country. This is a worldwide issue, not just a U.S. one.

Unless you studied business or economics, you probably never really learned how the economy works. You might recall some terms from high school social studies like invisible hand and laisse faire; but how do they apply to real life for our country and our country’s place in the world?

The government itself has a great influence over the economy. Not due to Republican or Liberals who are in office, but due to how much we close or open money flow based on predictions about how the market will go. It’s a gamble. The President is not very involved in those decisions and can do very little to strong arm those decisions. The people making those gambly (not a real word) predictions are Economists who work with very complicated statistical predictions and other world-wide economists who also work with complicated predictive programs and calcuations.

It’d be less of a gamble if the United States were in a bubble, because we’d be gambling at least with the knowledge of what we know and can control. But the International market (trade, finance, stocks, reliance of companies that supply multiple countries) make it very hard to predict what will happen and how to reign in or open up money flow. Throw in stock crashes, scandals, wars, pandemics and it’s even more and more of a gamble.

Yes, there could be some change or influence by who is in office, but not as much as you think. Not enough for a normal person in the 99.9% to notice much of a difference in their household budget.

This isn’t just me being Pollyanna or not understanding how the world works.

Why not learn about why not I’m BS’ing you? There are some resources below – or you can do your own research too.

It’s fun to know how things work.

#Learning bit

#It’s fun to learn how things work

#Take a bite a day

https://www.worldbank.org/en/research/brief/global-inflation

https://www.worldbank.org/en/research/brief/global-inflation#:~:text=In%20July%202022%2C%20global%20inflation,above%20the%20pre%2Dpandemic%20average

https://www.pewresearch.org/short-reads/2022/06/15/in-the-u-s-and-around-the-world-inflation-is-high-and-getting-higher/

On Speaking Out loud about Things that Matter

We have to be able to talk about things that matter. It is the only way to create a secure and fair future. There are many ways and areas in which this is needed, but my blog today is about political matters.

We have to demand our elected officials are people of moral integrity and have the fortitude and curiosity to consider all opinions, even ones different from their own.

Leaders are supposed to be our inspiration to make the world a better place. We should ask them to Be the Change we want to see.

The world I want to see does not include bullying, meanness and heckling. Getting things done is not accomplished in that manner unless there is a fire or war and the fighters need to listen – pronto.

While it might seem like it, at the moment there is no emergency and there is no place for using degradation and meanness to get things done.

Tuesday evening, I attended to a banned book club on the Handmaid’s Tale. For anyone unfamiliar with the story, it’s a novel based on a mix of completely true historical events cobbled together into something that based on the past and the mindset that “it could never happen here”, could very likely happen just about anywhere.

Anywhere being the good ol’ United States of America in the fictional state of Gilead.

At the end of the book there is a short chapter taking place in the far future where historians reference the book as the first period of Gilead. In this future chapter, the reference of the first period assumes there are many other periods of time following before Gilead fell. What seems frightening is that I could almost see a future in which historians are studying the rise and fall of the United States which at just over 200 years old was taken over by extremists, beginning the first period of a reign of something none of us could have foreseen.

Think about it.

How can such a thing happen in a place where “it could never happen here”?

Perhaps it is because people become afraid to talk or do anything about anything that they perceive as potentially uncomfortable.

Are we not already at a place where this is the case?

What does this have to do with our leaders?

The italicized below is from an exchange between my brother Mario & I yesterday morning. 

BEFORE you have an opinion about it, can you consider the topic as it relates to civility? The point is about RESPECT. Yes, the writer said negative things about someone you may or may not like, the grammar of my writing or his might not  be perfect, but if you miss the message about being civil you are missing the focus and crux of the blurb and this blog.

As I was writing the start of this blog yesterday, Mario texted more. I’ll paste it at the end because I think it wraps up the point I am trying to make nicely.

I didn’t want to post this because it could seem polarized. It could seem like I am a liberal and that might automatically put me in a box where I want to tear down statues and defund the police. Instead of doing that, it would be easier for me to post a photo of my dog and talk about my wonderful life.

While I am focusing on my lovely life (whether or not it’s actually lovely at the moment) and being afraid to voice my opinion and the wrath of what people think about what they think my opinion is, more people will be rallying (most quietly) and thanking Marjorie Taylor Green for having the courage to heckle what they perceive as a moron. That is not the world and change I want to see.

Similar to what the world must have been like before Gilead in the Handmaid’s Tale, it is far easier to go on with our everyday lives, remain neutral and be fearful that if you voice an opinion that you will be boxed into a category of ‘sides’ and get into an argument where two viewpoints are attempting to convince the other party of the right way to do things instead of listening respectfully and considering opinions different from their own.

A 2021 Gallop shows a record number of Americans who identify as independent. Myself included. A record number of people remaining quietly neutral.

I think we are remaining neutral because it seems both sides have moved to extreme views that we do not agree with. However, as we are remaining neutral, those sides are still “duking it out” and becoming more powerful in ways the majority of us do not agree with. While they are behaving like we are in combat and not like a democracy with a constitution that requires we consider both sides; either side could “win” and change the shape of our future completely.

I’m not sure how to stop this except to rally together with others to shame meanness, hatred and inability to behave decently in our day-to-day lives and in our elected officials.

We need to demand that our leaders do their jobs by being an example of morality, kindness and having the ability to listen to a viewpoint different than their own without shaming and demoralizing the other side.

While remaining neutral and not talking about things that matter seems safe right now, history has showed this has lead to consequences I am certain we do not want. It can change by making it the norm to have discussions about uncomfortable things.

The New York Times in America Has a Free Speech Problem  wrote the following:

Being afraid and sticking to your side is very human and natural. But we need to demand more of our leaders. They need to be able to inspire us to step out of our comfort zones, not retreat into them.

While we are mindlessly watching kitten videos and the Handmaid’s Tale on Hulu thinking we are safe and free in our nation, it’s very possible that the mindless head in the sand attitude is how one of the extremist sides will take over and our ancestors will wonder how the heck we let it happen….

It starts with the small things. Every person should consider the following when they are about to speak:

  • Is it true?
  • Is it kind?
  • Is it necessary?

Why don’t we rally together and Cancel Meanness?

Why don’t we call out and shame someone who is being disrespectful?

Why don’t we stop being afraid of what other people think and engage in open discussions about things that matter with the intent to learn something you might not have considered before?

The words and signs BE KIND don’t say enough, but it says it all.