1) Inflation was increasing.
2) Inflation was much higher than the target rate
3) The National debt is $37 Trillion dollars
4) We ran a deficit of $2 Trillion
Other observations - We have a large wage gap. Our social programs are underfunded. We don't have social programs that other countriues do have like healthcare for all. If you got our large cities, you see drug zombies shitting on the street. Literally. In other cities it is unsafe for outsiders to walk down the street. Crime has increased.
So when you say we "largely excelled" what exactly do you mean?
Fair questions. Here's my view on all of this:
1. IMO, our inflation issue is tied to WAY too much government and the reckless spending of government among other things. As such I have always been a staunch believer in the smallest possible government. So DOGE is right up my alley but how it's been done has created more problems that it needed to. But people were always going to complain so I am for continuing this process to find as much of the waste as we can and do whatever is possible to make the government work better. If you're opposed to inflation, what do you think these tariffs are going to accomplish? They will lead to a significant increase in prices. Even if you believe this is a long term good, why do it now and why violate trade agreements we already have in place including those negotiated by the last Trump administration?
2. Again, inflation was high because of the above. It's not come down because of so many circumstances but a big part of it is continued government spending.
3. When we had Trump 1.0, he ran massive deficits and then Covid hit and things got out of control. Dems did what they do best, they took a crisis and tried to make the spending permanent. It's a massive dumpster fire now and we have to get it fixed. That's not happening with tariffs man.
4. Deficit - See above.
The wage gap won't be fixed by tariffs. Social programs are massively overfunded. We should never have healthcare for all in the way other countries do. It seems like people continue to avoid looking at reality. Those healthcare systems suck and the rich people in those countries go elsewhere for care. There are ways to fix healthcare without going with a government based system. Also, ALL those countries are secure able to do all this off the back of American power. It's always been such an asinine argument to make that we should do what they do in Europe. Europe is made up of fattened cows and failed policies. It's not a good set of rules for governance by any measure. We should quit looking to it as a guide for anything except how NOT to do things.
Crime sucks because of so many things. A lot of it is failed leadership and we've become unmoored from any moral principles that are worth a damn. This is what cultural anarchy breeds. I don't know why that's a surprise to anyone because it's only replicated through history ever time its ever existed. Hell, we're a total mess even hen we are moored to timeless moral principles. What do we expect when we abandon everything?
When I said largely excelled, I am talking about since WW2 until now. We've lapped the field compared to nations that we were remotely close to economically. The US has adapted and adjusted to economic growth and helped create more wealth around the world while continuing to grow our own. What's so bad about that?