2Birds1Stone wrote: ↑
Fri Jul 31, 2020 2:49 pm
Looks like EU's contraction was 1/3 the USA's....if you believe the reported figures.
Usually the USA system crashes harder but restarts faster. Europe, with all the safety nets, usually is able to soften the blow of sudden crisis in exchange for lower long term growth/some inefficiency.
It's better to be in the USA during boom times, and in Europe in bad times.
Mister Imperceptible wrote: ↑
Fri Jul 31, 2020 2:43 pm
Notice how slow the government is to agree to a new stimulus package when its plebs-only. Now suddenly the deficit matters again.
Sorry for the political tangent, but the Republican party has a history of caring about the deficit with... uh... erratic consistency. I'd say since 2008 give or take.
Spending to revive the economy after the GFC and with a D president --> ARE YOU CRAZY? WHAT ABOUT THE BUDGETS (see: Paul Ryan, fiscal conservative)
Massive deficit expoding tax cut after a 10 year economic expansion with a R president --> all cool!
and now the two completely incoherent attitudes in just a couple months
Hopefully the guys at the Lincoln Project succeed