re: Scott Bessent just summed up the migration crisis for America

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Nobody has been able to explain how this would work.

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Successful people who have money to invest having to pay more for goods (due to the inflationary pressure of higher wages) means less money will be spent elsewhere, especially in investing.

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And the people who will get the bump in salary won't be making enough to have an abundance of extra money to invest. They'll still be in the lower-level earning demographics, and still struggling economically.

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This means less money flowing to our more productive areas (which require the investment) and that means less economic/GDP growth.

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There is a reason the "blood and soil" types peg this correctly and attack GDP/SOL (typically labeling economic success as an "economic zone") with to promote their proposed racial harmony.

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I never thought I'd hear the GOP promote literal Democratic economic talking points ("Wall Street has done well; now it's time for Main Street to do well").

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Did you not listen to the next 3 sentences?

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He literally said both could and would benefit.

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And I am showing how that's not true

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if your theory is true, the trend under Biden would not have occurred.

Foreign and native employment increased.

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Let's look at what is at stake here. We can never let Wall Street wreck Main street again. I spoke out against Wall Street when I was a Senator from New York. I have been standing up and saying continuously we have the law.

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After the 2008 economic collapse, blessed with dominant majorities at every level of state and federal government, a demographic edge that was expanding across the board, and a thoroughly discredited Republican economic philosophy, Democrats could have passed into law a series of big, bold, fundamental reforms that would have both thrilled their growing political coalition and solidified their credibility with working-class voters angered at the way Wall Street had destroyed the Main Street economy. Had they fundamentally restructured the financial industry, immigration, energy policy, the criminal-justice system, and the way campaigns were financed, Democrats could have built as sustained a governing majority as the New Deal had created in the 1930s. When they failed to deliver on restructuring how the economy worked for working people, and, importantly, failed to prosecute the Wall Street bankers whose fraud had led to the economic collapse, they lost credibility with working-class swing voters and the enthusiasm of their base. Democrats broke their own political coalition, and it remains broken to this day.

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