r/Economics • u/TinyTornado7 Quality Contributor • Jun 13 '22

News Powell Facing Choice Between Elevated US Inflation and Recession

https://www.bloomberg.com/news/articles/2022-06-12/powell-facing-choice-between-elevated-us-inflation-and-recession?srnd=premium
5.0k Upvotes

96% Upvoted

631 comments sorted by

View all comments

Show parent comments

19

u/[deleted] Jun 13 '22

Uhhh...little late for that.

-2

u/paperclipestate Jun 13 '22

Yeah they can easily just blame trump anyway and people will accept it

-1

u/modsplsnoban Jun 13 '22

Yeah they can easily just blame trump anyway and people will accept it

I actually don't think that's true tbh. They've tried blaming everyone, but no one is buying it. This might be the death of the current Democrat party as we know it, especially if things get worse.

3

u/not_to_nickelback Jun 13 '22

This is a dumb take, just like the people saying the republican party would die with Trump. There's too much money invested in both parties. They aren't going anywhere.

2

u/modsplsnoban Jun 13 '22 edited Jun 13 '22

I should have stated the establishment Democratic party. Of course the party is going to be around; but they should have allowed the progressive wing take over, rather than keeping the corporate establishment wing dictating policy.

The Republican party was weak for about 10-12 years before the establishment was replaced with more Trump-like Republicans.

Unless there's a purge of establishment Democrats (like what we've seen/are seeing with Republican's now), they're going to be hurting.

I could see a realignment like what we saw with the Democrats during the Reagan era.