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A comment on U.S. GDP grew at a 4.9% annual pace in the third quarter, better than expected. Parent comment

Re:U.S. GDP grew at a 4.9% annual pace in the third quarter,... by bendhoefs on Thursday October 26, 2023 @11:57AM (#38027379)
Anti-monopoly policy is one lever the president has and has been essentially ignored since the 70s in favor talking about the fed the fed the fed all the time.

As one example the meat packing industry has become highly consolidated, squeezing both farmers and consumers while extracting massive profits. But across the entire economy many industries have become highly consolidated and subsequently raised their profit margins to the detriment of everyone but shareholders.

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Re:U.S. GDP grew at a 4.9% annual pace in the third quarter,... by dfxm12 on Thursday October 26, 2023 @12:32PM (#38027998)
OK, even if one thinks this is specifically failing of Biden (or a generic democratic president) then, realistically, what is a republican going to do about this? Trump in fact favored corporate consolidation in his 2020 Economic Report of the President.

The media obviously wasn't talking about this when they were talking about how good the stock market was under Trump...

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Re:U.S. GDP grew at a 4.9% annual pace in the third quarter,... by bendhoefs on Thursday October 26, 2023 @12:40PM (#38028122)
Do you think I'm saying this because I'm a Republican? Biden has actually been the best president of my lifetime for these issues but that just speaks to how pathetic the Democrats have been on economic issues for decades. Barely opposition at all economically speaking, they differentiate themselves more by wearing Kente cloth and engaging in divisive culture war stuff these days.
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