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Laughable blaming the “right wing” in Oakland. No idea who’s she’s trying to blame, and undermines her credibility (if she had any).
I don’t know why the US is following Japan’s path to its “lost decade.” I guess once the Fed adopted quantitative easing, pioneered in Japan, it was inevitable that we would go down the same path. The road map is: easy money -> asset price bubble -> bubble bursts -> lending collapses (bad debt) -> quantitative easing / attempted fiscal stimulus -> government debt crowds out private investment -> lack of growth (private investment is more efficient at generating growth) -> more government stimulus / more government debt -> central bank is pushing on a string / stimulus has no effect.
We’re in the crowding out private investment stage, without the historically high personal savings rates that are culturally engrained into the Japanese. The federal and state governments are looking to tax wealth / any form of savings that isn’t Social Security, looking to increase capital gains taxes, trying to discourage people from Roth IRAs, and basically waging war on private savings. At the same time, they are running up record levels of public debt. This is an economic poison pill, that the American people may be paying for for decades.
This is not a surprise when you look at the structure and constitutional powers of the Florida governor. Also, how is this “fascism?” Please define “fascism” with a citation from a non-Princeton / Ivy nut job source that isn’t “authoritarian looking stuff I don’t like.”
https://www.covers.com/politics/us-election-betting-odds
Weird. The homepage headline reads: Biden pulls away from Trump. The fix is in!
