A dangerous implosion of American politics – Asia Times

All this leaves the Democrats traditional working-class constituencies in the cold. Real income is plunging, and public schools have turned into a laboratory for social experimentation that most Americans find repugnant. On gender issues, moreover, blacks and Hispanics, who typically vote Democratic, view transgender acceptance less positively than whites.

The Democratic Party will be crushed in the 2022 Congressional elections and in the 2024 presidential poll. Republican analysts who have spoken to former President Trump are sure that he wants to run again, unless legal or health problems prevent him from doing so. The last two years of a lame-duck Biden Administration will be consumed in bickering and grandstanding.

By 2024, the US probably will be in recession. Americans spent the $6 trillion the government gave them starting with the Trump Administration. Credit card debt has jumped back to pre-COVID levels as Americans borrow to maintain expenditures in the face of falling real incomes.

Most of the impetus for inflation came during Trump s last year in office, when the Federal Reserve expanded its balance sheet by more than $3 trillion.

via asiatimes.com

The ever jolly Spengler weighs in on our current troubles. I don’t see where he’s wrong, but keep hoping.