▲ | jacobolus 20 hours ago | |
You seem to be singularly focused on VC funding for startups and decision-making by managers inside large tech companies as your metric of how the US economy is doing. In my opinion this is a poor criterion for analyzing the success of national political parties, since political changes have only limited influence on these, and they are in conflict with improving many other parts of the economy affecting much larger numbers of people. By a wide range of economic metrics, the US economy during the Biden administration was incredibly successful. We somehow managed to reign in inflation caused by the follow-on disruptions coming from Covid pandemic and the Russia–Ukraine war, while maintaining full employment and avoiding negative economic effects expected by most economists. Real wages went up. Federal investments set up long-term gains for US manufacturing. The US economy did better than just about every other industrialized economy in the world during the same time period. Blaming Biden for the following administration doing everything it can to trash the economy and reverse every bit of progress he made is ridiculous. It's like blaming the fire department for the actions of an arsonist. Again, if you want sweeping legislation and long-term commitment to policy changes, you need to elect (and keep electing) enough votes in Congress. | ||
▲ | raw_anon_1111 20 hours ago | parent [-] | |
How is employment doing these days in the tech sector? You know the sector that is been driving the stock market for over a decade? What did he do to rein in corporations? Are any of them less powerful than thet were in 2020? |