Go woke or go broke !
- Thread starter dirtydaveiii
- Start date
Wow deny much ? Are you saying my numbers are false ? Was it fake news when trumps unemployment rate hit 14.7% ? Or did it not count because he had his finger crossed ? Is bidens unemployment rate not really 3.5% are these numbers fake in your mind ?
Wow deny much ? Are you saying my numbers are false ? Was it fake news when trumps unemployment rate hit 14.7% ? Or did it not count because
You are attributing something to Trump that was completely out of his control. And you were quoting dates that were irrelevant to the point you were trying to make saying that Biden oversaw a 56% rise in the markets. I showed you clearly that wasn't the case at all. Biden did not take office until Jan 21, 2021.
The Biden administration has been an economic disaster by almost any metric. Reckless spending. Inflation. Declining incomes. Low growth and productivity levels. The only positive metric is the low unemployment rate but part of that is driven by a low labor participation rate.
So the economy is beyond the President's control when it is Trumps economy but its all on Biden when it's Bidens - got it. What the hell is low labor participation rate ? Bidens budget reduces debt by 3t in 10 years. Furthermore the national debt in 2016 was 19.5t by the time Trump was done it exploded to 29.6t an increase of over 10 trillion dollars. If you want to blame covid Trump had America 3.3 trillion further in debt by 2019. Not a good businessman by any standards.
And inflation is global unless its a dem president, job growth doesn't count unless its the GOP in power....
The Presidential Administration can influence the economic climate through taxation, regulation and trade policy. For 3 years under Trump the economy was doing very well (relative to other western countries and the Obama administration). Then the covid pandemic hit which was completely out of his control .
Biden took office in Jan 2021 and what did he do? He increased regulations and spent insane amounts of money. Now we have low growth, high inflation and a consumer debt bubble about to burst. Oh and lets not forget a potential collapse of the US petro dollar.
If you don't know how the low participation rate affects unemployment rate then I suggest you do some reading
heres the funny thing : Biden presided over the height of the pandemic. He handled it admirably. Trump lost 2 million jobs during covid and Biden created 11 million. Make all the excuses you want but Biden had to deal with covid for longer than Trump. In a matter of mere months Trump had everything fucked up royally. Biden came in 8 months into the pandemic and turned things around completely so they are better than ever. Trump doled out an additional 11 + trillion of debt while creating no jobs and fixing no infastructure. I wonder how many billions in covid relief went to his companies ? Its all secret for a reason
25% of the US debt total happened under rump's watch.
rump left with massive job loss and rising inflation.
Now with Biden jobs are way up and inflation is going down.
