Ethnic Vagina Finder
The Great Paper Chaser
Nobody talks about this but
1. from 2021 - 2022, a lot of people were still getting unemployment and not going back to work. You also had tech companies over hiring, and a lot of people ghosting jobs because there were a lot of openings. Eventually, tech companies corrected shyt by laying off people over the past 2 years, and the people that kept playing musical chairs with jobs found it hard to find one once the music stopped.
2. the fed didn't know how to deal with the economic issues because covid brought unprecedented variables they didn't know how to deal with. they made decisions based on historical patterns that didn't fit. Companies took advantage of the supply chain issues by raising prices, which led to inflation and the fed thought it was smart to increase interest rates.
3. A lot of Americans overpaid for real estate, basically panic buying which over inflated everything.
4. Rent moratoriums also affected the real estate market.
5. Companies adapted by keeping payroll low.
6. It took a long time before people started actually going out again.
Basically and it was even said, that it was going to take a long time to get back to pre-covid levels but it seems like everyone forgot. The Biden administration dropped the ball on a lot of economic issues which were only exacerbated by an influx of immigrants AND the funding of multiple wars. But from an economic stand point, just like the Trump administration, they simply didn't know how to deal with the economic ramifications of COVID. Then there's the PPP loan quagmire and stimulus checks. A lot of people blamed inflation on stimulus checks which was insane. Wall Street benefitted the most because they received over a trillion in capital injections. BUT, most Americans don't remember what happened last month let alone last year. People were and still are pissed about the economy, but how we got here is not simple. Republicans didn't even offer any real solutions.
1. from 2021 - 2022, a lot of people were still getting unemployment and not going back to work. You also had tech companies over hiring, and a lot of people ghosting jobs because there were a lot of openings. Eventually, tech companies corrected shyt by laying off people over the past 2 years, and the people that kept playing musical chairs with jobs found it hard to find one once the music stopped.
2. the fed didn't know how to deal with the economic issues because covid brought unprecedented variables they didn't know how to deal with. they made decisions based on historical patterns that didn't fit. Companies took advantage of the supply chain issues by raising prices, which led to inflation and the fed thought it was smart to increase interest rates.
3. A lot of Americans overpaid for real estate, basically panic buying which over inflated everything.
4. Rent moratoriums also affected the real estate market.
5. Companies adapted by keeping payroll low.
6. It took a long time before people started actually going out again.
Basically and it was even said, that it was going to take a long time to get back to pre-covid levels but it seems like everyone forgot. The Biden administration dropped the ball on a lot of economic issues which were only exacerbated by an influx of immigrants AND the funding of multiple wars. But from an economic stand point, just like the Trump administration, they simply didn't know how to deal with the economic ramifications of COVID. Then there's the PPP loan quagmire and stimulus checks. A lot of people blamed inflation on stimulus checks which was insane. Wall Street benefitted the most because they received over a trillion in capital injections. BUT, most Americans don't remember what happened last month let alone last year. People were and still are pissed about the economy, but how we got here is not simple. Republicans didn't even offer any real solutions.