The economy Trump dealt with wasn't suffering from Covid and was inherited from the president before him, Obama. The economy Biden inherited was overshadowed by Covid and was inherited from Trump.
And, you can't blame the economy on ANY sitting president. There are factors completely out of his control that involve Congress, our Capitalist, open-market system, the stock market and interest rates. Presidents do not control the Fed, their interest rate setting, Capitalism or private businesses.
We have 2.2 percent inflation, currently, whereas at the same time last year, when we were JUSTcoming out of Covid-time, we had 6% inflation. Everything went up because there were closed businesses, a worker shortage and wages rose to lure workers.
Prices rise during a crisis and we HAD one. If you're comparing prices and wages to 2019, it is unlikely that those prices will ever return. And think about the federal minimum wage. It is STILL 7.25 per hour. That's $15,080 per year.
The federal minimum wage was instituted in the 1930s to pay people a wage that would support them and their families. Tell me what family can live on 15K a year? What home can be bought on 15K? What minimum wage job INCLUDES full healthcare benefits?
Does the president control oil and gas prices? He does not. He does not run OPEC, or domestic production.
The economy is incredibly complicated. A president can influence it by infrastructure bills that could create jobs and there's trickle out to other industries. You need to be a finance, and economics major and read Adam Smith to even have a clue about how all these cogs turn the big wheel.
Presidents can effect policies that can effect the economy. Trump was a pro business candidate. He set the tone for investment and innovation. People wanted to build factories here e Because Trump looked like he would cut regulations and corporate taxes. Joe Biden gets elected and immediately does just the opposite. Foxconnwas going to build a billion dollar manufacturing plant but when Biden took office he scared them off.
@exitseven If a business was set to be here, again, no ONE person, president or not, would scare them off. Our corporate tax rates haven't changed since Biden's been in, though THEY SHOULD...
However, changing corporate tax rates so that corporations do pay their fair share has unfortunate affects: corporations pass on the tax hikes to consumers. Unless Congress passes laws to PREVENT this, making them pay the taxes they actually owe is a no-win.
Mr. T should not be proud of never paying a penny in taxes. This punishes the general public. Though I realize that his admirers admire him simply because he's gotten away with this and they want to be able to do the same.
There is something to be said for encouraging business, but not by letting business pay so little taxes it taxes consumers. Infrastructure bill IS a job creating bill, just as the CCC and other creations from the Depression trained workers and gave them jobs when there were no private business jobs to be had.
Another change: The minimum wage hasn't budged in so long there are cobwebs around the dollar bill. $15k might support one person who's living in subsidized housing, but it will not provide forward movement: home ownership, job training, economic MOVEMENT.
Jobs at Burger King or in retail, train you to do nothing but THOSE jobs.
Also education needs to address adult training for students when they're in high school. How to budget, basic car maintenance skills-- check tires, oil, water, fluid levels, how to fix the average things that break in your home, change a plate over a switch, change a SWITCH!
I learned all these things from my dad, but the man I was married to knew NONE of these things. He could handle a HAM radio, but hammer a nail and check a car, no.
Basic driver's ed should not cost teens EXTRA. 90% of adults need cars to get to and from work. Until our infrastructure operates like Euro infrastructure, meaning REAL urban transit that takes people everywhere for low costs, we need training in how to get around using vehicles that are accessible.
There's nothing to get away WITH! There's NO LAW that says we HAVE to pay taxes! They are VOLUNTARY! There's even ex-IRS employees that no longer pay their taxes once they found out they don''t have to!
Minimum wage jobs ($7.50 an hour) are only there to get you STARTED in life! To see to it you've got SOME cash in your pocket and to get you used to working with others. It allows you to have SOME income while looking for something better that pays more! It's NOT SUPPOSED to be give you enough money to buy a house and start a family!! Once you get the MW job, you're SUPPOSED to look for something better to GET you that house and family!! It gives you the incentive to get out of what you're doing! Look at how many burger flipping places are going out of business, now, because the customers can't afford to buy the shit they sell because they passed on the wage hike TO the customer! Adult training? Aren't PARENTS supposed to provide that? We had how to write checks and such in math class. We had car shop in high school. We had classes that taught electrics in school. Otherwise, you're SUPPOSED to learn that stuff from your parents and grandparents! I don't know shit about fixing a car, either but, I was never interested in cars, either. And, never having owned one, it was never anything I cared or had need to learn. But, I could still deal with SOME of the stuff. Anything else, I can learn as needed! 15 years ago, I had no idea how to replace computer parts. I needed to learn so, I did and replaced the screen, keyboard, DVD drive and lid on my laptop! How may other jobs train to do anything BUT those jobs?
@Screenwriter Biden cancelled oil drilling leases on government owned land and cancelled the Keystone pipeline. By declaring war on the energy sector he scared away all other businesses too. Nobody know what business he was going to go after next. Just the stink of a corporate tax hike will cause businesses to locate off shore. Biden has a new tax plan if he gets elected. . It will likely turn America into a socialist country and later a full blown Communist totalitarian country gop-waysandmeans.house.gov/.../
@exitseven any presidental budgetary policy is fiscal and by definition delayed in effect and implementation
He SAID people wanted to build here. Can you really believe a man who lies as prolifically as he does?
He did cut corporate taxes and regulations, that's true. How that helps the middle class or working poor I have no idea. Almost all of the tax cuts went to stock buybacks and less regulations just means less spending and more savings for stock buybacks
Did fixconn SAY it was due to Biden election / policy? Source?
@exitseven Obama cancelled it. Trump rerived it. Biden just did an EO "housekeeping" item by pulling permit that should have been done by Obama. Next?
Oh, by the way, we are energy independent still AND why would you want to import Canadian oil rather than encourage shale oil production here? Don't you support Americans?
Simple, he canceled the keystone pipeline, which caused pil shortages raising gas prices. Once fuel prices go up, all prices go up. His open border policy has led to an even worse housing shortage, which had already made high housing prices far worse. And his green new deal policies have risen prices on everything from food to cars. As for legal abuses trump so far hasn't committed a crime. There accusing him of what running a PR campaign during the 2016 election, ohh the horror he made himself look good. Banging a pornstar then paying her to be quite about it, might be morally questionable but isn't illegal. January 6th was , how did you lefties out it, ahh yes a fiery but mostly peaceful protest. Which he also had nothing to do with.
oh yes-you're a trumpthug. I should have known and you are therefore more influenced by misinformation. The keystone pipeline was not even operational when the project was shut down, and wasn't supposed to even start until 2023. So there never was any fuel shortage except in the minds of people like yourself. RE open border policies-a bipartisan deal,-co authored by James Lankford, a hard conservative member of the house-was reached but not allowed to be voted on, simply because the jackass trump didn't want it to be passed. It seems that trump isn't as interested in immigration as he is about having a misinformative issue to get the trumpthugs to rally behind? So you can blame your own dear leader on the housing shortage.
Of course you originally referred to Bidens' legal abuses, but your, mind immediately went to Trump? Tells you something But it is easy to talk about Trump's legal abuses and his eternally dispicable behavior-his Trump university (for which he lost a law suit) His Trump foundation (about which he lost a law suit) His company (which lost a criminal law suit) his sexual assault lawsuit (lost) his defamation lawsuit (lost) his fraud case (lost) I could go on and on and on. This is the guy you are supporting for president? geez, really? I could write more but i would run out of the internet before I was finished.
And I know that trumpthugs like yourself, you ignore factual evidence, so im not wasting my time anymore with you. Or maybe you are a Russian Bot-and if that's the case, I rest my case.
@juliaanita Actually, the reason the Keystone XL pipeline was impacting gas prices is because of how oil commodity futures are valued. It's based on future supply. The Keystone XL pipeline dramatically lowered oil prices because it was forecasted to dramatically lower the cost of moving oil.
Oh, how about "putting together the most inclusive voter fraud in American history". Joey, your boy said this. I guess that's enough for mass executions under United States rule as it is Treason.
Also I'm a TRUMPTHUG too, and when you see how easily you and all the liberals have been under mass hypnosis/brainwashing by politicians and the members you will feel your stupidity, hoss.
The crime is falsifying biz records in furtherance of 2 other crimes - campaign finance violations and election interference. The crime is MAGAs like you worship a con man
As soon as he was elected he cancelled oil leases on government land and cancelled the Keystone pipeline. By declaring war on the energy sector hi discouraged investment and caused an oil shortage that caused gas prices to rise above 5 bucks a gallon. One gas prices spiked, everything else got more expensive causing the works inflation we had in over 40 years.
You have A LOT of fucking nerve calling Trump supporters, "thugs" after what you psycho motherfuckers did to the entire country after one of your criminal buddies got arrested for committing a crime and then died of a drug OD while in the hands of the police!!! Thugs hurt people and cause havoc for a living. How many people did trump hurt? What havoc did he cause? In both cases, NONE!! ALL of that is coming from the loony lefties!! Burning cities, destroying police cars, smashing windows, defacing great works of art, interrupting sporting event and t. v. shows with your infantile rants, stealing everything in sight, killing innocent people, tearing down statues, beating up cops, blocking traffic, graffiti on everything that stood still long enough!! And, the best you can come up with to put down Trump is mean tweets and a tan!! Aren't you fucking pathertic!!
Simple- by not wrecking the economy. He didn't HELP, certainly, but blaming Biden for the current economic state of the nation is like blaming him for the Triangle Shirtwaist fire.
The massive government spending on "Covid relief" was started by Trump, not Biden, and wasn't the root of the problem, anyway- that would've done damage under any circumstances, but it would've been much less than we're experiencing had the mass production of money not been accompanied by the almost total cessation of the production of wealth. It's the state and local governments that bear the lion's share of the blame for what we're seeing, not the Presidency.
Now, do you know how many states have voted out the... I'll be polite and call them "evil fuckwads" who tore our economy to ribbons out of fear of a disease less dangerous than chicken pox? ONE. Nevada alone voted out a lockdown governor. To be fair, there were some other states where term limits prevented running again, but if they ran, they WON. Hell, Illinois' then-governor had the state supreme court declare him emperor- had he lost his re-election bid, he literally had the authority to overturn the election; he didn't end the state of emergency until THIS YEAR (2024).
Biden's greatest accomplishment is now, as it was during his time in Congress and his previous turn in the White House, the undermining of the Constitution. Give credit where it's due.
Brace yourself. 1. You survive to the DNC Convention. 2. You ask Harris to step aside. Or your handlers do. They make her an offer she can't refuse. 3. You select Barack Obama as your VP. He can tip the election because they know you will "retire" one way or the other. If you don't think Democrats will "escort him out" you are a fool. 4. You die or resign after you are inaugurated and Obama steps into the Presidency. Then the Gun Safes unlock and the real fun begins.
He can't. It's just more right fringe nonsense about the Obamas. Quote: "But no person constitutionally ineligible to the office of President shall be eligible to that of Vice-President of the United States."
It's sad. It's pitiable. It's outrageous. You actually trust sources of mis & dis information that tell you these lies and conspiracies. I feel sorry for you.
@exitseven You know I'm a MAGA guy. There is nothing in the Constitution or federal law that prevents Obama from being selected as VP AND (ouch) his elevating to President if Biden dies or resigns. As G0d is my judge, I want to be wrong. The GOP needs to be flaming Obama NOW!
@Dargil I seem to remember that the offices of President and Vice President are sort of lumped in together. I do not think that a former president that has already served two terms can run for VP.
There’s no better way to showcase that you have no background in collegiate-level economics than to think the POTUS is responsible for the costs of goods and services.
Don't we live in a capitalist free market economy? Our water, electricity, gasoline, food etc all come from private businesses. Fuck our our own military is all private short of solders with even Starbucks on aircraft carrier.
At what point does any president control or even influence the price on anything anywhere? It is just profit motivation of billionaires and endless greed.
I can't even blame the don who bankrupt a casino. The house always wins is a saying for a reason and he somehow defied common knowledge.
The thing I try and remember is this "think of the most average person you know in terms of intellect now realize at minimum 50% of the population is stupider than that." There are 340m ish people in the US if the average person has 90 iq than 170m are dumber than that... minimum.
Do you really believe that none of the actions the Trump adminstration took in 2020 had anything to do with inflation?
Do you sincerely believe that a record increase in the money supply, increases in federal spending and a massive increase in federal debt had nothing to do with the inflation that followed?
The economy is not wrecked. Far right ragetards like to say it is but that's jut because they know no one is stupid enough to vote for Christian nationalism based on merit.
By cheating, changing voter registration requirements to only needing a social security number and then issuing social security numbers to many of the new illegals.
If you don't understand that inflation follows a pandemic you slept through history AND economics. If you think it's not due to corporate greed you've been asleep since Reagan was in the white House
Oddly enough, there are still people that will vote for him. I would like to know who this 29% is that think his administration has been a success. Maybe they are all on welfare or are cellar dwellers that had student loans..
It's the percentage of white liberals in America. If he nuked China and we felt their response they would still stand with whomever they are supposed to because they're GOOD little liberals.
You stop telling everyone you're NOT Trump and try to bullshit them into believing you ARE Trump! They believe everything else you tell them! I'm SURE they'll believe that one, too!!
He is also running a guy who has been impeached twice in 4 years (compared to his 0). The guy who staged an unlawful coup to overthrow an election result that was legally found (multiple times) to be fair. The guy who is facing 90 criminal charges in state (not federal) courts. The guy who probably handled COVID-19 worse than any other world leader (given the resources available). The guy who was ranked as the worst president thus far.
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