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Andrew Tobias

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Andrew Tobias
Andrew Tobias

Money and Other Subjects

It’s The Economy, Stupid

October 19, 2024October 19, 2024

Prices are too high.

Trump vows to make them higher, via across-the-board tariffs.

And by putting low-wage workers into camps to be fed and deported at taxpayer expense so they can be replaced by higher-wage workers.

Harris would do neither of those things.


Trump has plans to make like easier for billionaires.

Harris has plans to make life easier for average Americans.


I’m terrible at making predictions, as you know well.  A quarter century ago I wrote about “A Stock That’s Surely Going to Zero” — and it still hasn’t.

But who cares?

Of more importance is when Trump assures Americans that if they elect Joe Biden “the stock market will crash.”

Well, they did, and it didn’t — it keeps setting new records.


It’s worth noting:

America’s economy is bigger and better than ever — The Economist. 

[It] has left other rich countries in the dust — also The Economist.

The U.S. economy is the envy of the world, but too many Americans have forgotten why — Philadelphia Inquirer


They’ve forgotten at least in part because they haven’t adequately shared in the prosperity.  But it’s Republicans, not Democrats, who are mainly responsible for that.  Republicans focus on tax cuts for corporations and the rich and starving the IRS so they can’t be properly audited.  Democrats focus on things like affordable healthcare, child tax credits, and consumer protection.

The economy and average Americans — and investors! — do better under Democrats than Republicans.

So if the economy’s your issue (or climate or infrastructure or reproductive freedom — or the immigration bill Trump killed that would have solved the border crisis — or gun safety or democracy or just plain old sanity-and-civility) . . . well, you know — do something!  We’re gonna win!

 

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George Bernard Shaw (with whom I feel like an idiot disagreeing)

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