Republican Presidential cycle of fucking up the economy seems back on track
a. Come into a good economy left by the Democrats
b. Huge tax cuts for the wealthy blowing up the deficit, rich use their tax cuts for stock buybacks mostly
c. Inflation starts to kick in so buying power for regular folks goes backwards. Wall Street takes off.
d. Fed begins raising interest rates because of the inflation (Where we are now)
e. A year or so later a Recession blows up and the deficit skyrockets even higher, American people are devastated
f. Gov. bails out all the big corporations
End result is the wealthy end up a lot richer and everyone else takes a big hit. Dems come in having to spend a lot of money to get the economy back on track, deficit goes up even more because of this and Republicans scream Dems are spending too much. Dems raise taxes back on the wealthy after the economy gets back on track and the deficit begins to drop again. Just as things are getting back to normal to where Dems could start focusing on getting wages up Elections kick in and if a Republican comes in repeat cycle.
Did I miss anything?
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