Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

In the States, net immigration was negative before the border wall was proposed. It was an intentional distraction. It was also an intentional distraction when H. Clinton was lefty-punching over it at the same time the administration was doing NAFTA. No recent administration has earnestly cared about working-class wages. The reason working-class incomes have been rising recently is entirely due to public pressure and the need to pump cash into an economy that was on the verge of returning to a serious recession at a time when the two parties are absolutely even electorally.

But since the administration is trying to avoid a big recession followed by endless recovery (i.e. learn from the mistakes of Obama), they're only interested in interventions that pour money into businesses. They're not interested in structural change; they're just taking advantage how absurdly slowly the USD inflates no matter how much of it you print.



Consider applying for YC's Winter 2026 batch! Applications are open till Nov 10

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: