2024 Election Political Economy Analysis

2024 Economy follow-up 10/7/8/24
FED increased interest rates, inflation slowed, credit card rate up 7+ pts	While Americans were working, credit card interest blew their budget.
To be expanded! 2024 Economy Pre election analysis Final 10/5/24 Covid Lockdown Handled Well by Washington Trump-Biden Risked Inflation to Lower Unemployment Short Recession Inflation Getting Back To Normal Presidents and Federal Reserve Responded Well US Growth Led the Industrialized World Small Business is Booming Latest Data and Discussion Topics See 2024 Election please share Walter

2020 Short Recession

A Two-Quarter Recession

Inflation was Transitional

San Francisco Fed estimated
supply chain shocks
caused 60% of the U.S. inflation
mid 6/21-mid 6/23

Federal Government Responded Well to Covid	Unemployment	Inflation Effect
Trump failed to stop Democrats and Media from forcing economic shutdown.
CARES Act (Coronavirus Aid, Relief, and Economic Security Act) 3/27/20, $2.2 trillion spent	14.8%	Very Little
COVID-19 Relief Package (Consolidated Appropriations 12/27,20, $900 billion spent	6.7	Some
2021 Biden adds to the spending American Rescue Plan Act (ARPA) - Enact 3/11, 2021, $1.9 spent	6.1	Moderate +
Fed predicts inflation transitional, but it stayed high longer because
Supply Chain bottlenecks as Covid slows globalization		Moderate
Feb4-20 22 Russia invades Ukraine		Moderate

	 Post WW 2  Cycle 
	Analysis

	       1. Competitive 
	Adjustments

	            2. Good 
	Jobs Gone

	            3. Severe 
	Recessions

	            4. Great 
	Recession

	            5. Great 
	Recession

	            6. Market 
	Bubbles

	            7. Big Cycles Over Last 100 Years
	
	@LHSummers

' quotes. What could replace the dollar "when Europe's a museum, 
	Japan's a nursing home, China's a jail, and Bit coin's an experiment"?

US Growth Leads the Industrialized World

1950-1980 Liberals Dominate with Roe Wade, Race Integration, Social Programs

1981-2016 Conservatives Dominate with Globalization, Tax Cuts-especially for business and rich

1988-2020 FED Easy money lead to High Business Income lead to massive Stock Market Gains.

1950 to 2020 Globalization leads to income inequality as the top 10 % do very well and
the lower 50% receive a small income increase and a large wellbeing boost from
Medicare and Medicaid, SS, Tax Credits and SNAP type assistance.

2020-2030 will be a time of insecurity leading to anxiety.

2024 Election Information

Small Business is Booming

Discussion Topics

18-charts Explain US Economy/

Myths About Inflation video

Higher education bubble in the United States

Bloomberg.world economic indicators

Great Depression Myths

Myths About the Great Depression

Special Topics in Microeconomics