Is not reading your own linked articles something that you will ever be capable of fixing?
“As for masks, we all know that prevents you from spreading the virus to other people. However, it does not prevent non-mask wearers from spreading the virus to you.”
No wonder during this crisis no one is turning to America for leadership or common sense.
“A GOP strategist tells Bloomberg that Senate Republicans don’t want a big stimulus bill now because they want to pivot hard to austerity under a Biden presidency, which could cripple it.”
Been saying this since Trump came in. Nothing can turn Republicans into deficit hawks like a Dem in charge. We can’t afford this is going to be back in after letting Trump do whatever he wanted.
They are going to have to look up how to pronounce national debt correctly again. Because oh boy is it going to get said over and over again.
This made up “Obamagate” has received so much attention on Foxnews and by Trumpers over the last several months, with proclamations similar (though not as absurd) as pat’s. Now that it’s over, the headline on Foxnews is something about Hunter Biden’s emails and twitter.
I think we can all agree on one thing, based on that crack reporting - there’s a 0% chance Hunter Biden wins the Presidency in 2020. Thank goodness for that blockbuster coverage.
This is often said by Trump and his supporters, but does it hold up to analysis? Let’s consider the stock market, which is frequently touted as a strong indicator of economic health.
Under Obama, the Dow Jones rose over 250% from where it started (~7000 to ~ 20,0000). Under Trump, the stock market had continued to do well, but not nearly as well as it did under Obama. It has gone from approximately 20,000 to a high of near 30,000 pre-pandemic, or about a 50% increase. Even pre-pandemic, it has behaved much more erratically, mirroring Trump’s behavior.
Let’s look at the GDP growth for Trump vs. Obama. We can ignore the last big dip for 2020 due to the pandemic.
Trump had averaged a 2.5% growth over the previous quarter. This is not so different than Obama, who also oversaw positive GDP % changes during his administration with several quarters topping the very best Trump’s economy has seen. It should be noted that neither of these are historically great compared to other times (the 1950’s and 1960’s, for example).
Let’s look at unemployment, which is a big talking point for Trump and his supporters:
His administration has seen the trend continue that was happening under Obama. Under Obama, the change was much larger, going from a >10% unemployment to sub 5%. While under Trump (pre-pandemic) it went from sub 5% to sub 4%. So, both had done well with unemployment numbers.
One thing that is clear is that Trump has done a number on the deficit. You can see the deficit has ballooned under Trump, serving in stark contrast to the “successful businessman” he had been painted. If this were a private company he were running instead of the US, it would likely be the 7th time his business has declared bankruptcy.
Who knew throwing a trillion in interest and another trillion on defense would look so puny compared to the 2.3 trillion in mandatory social payments projected for '21.
Come on now at least wealthy people got tax cuts man.
But if Biden wins Republicans are going to tell us all about how he’s spending too much and the national debt is a real problem and if elected they will fix it.
Also going to fix healthcare and we can’t afford anything Biden tries with it. Going to replace Obamacare!
So don’t act like we can’t at least pretend to care about that train. We just can’t do it unless Biden wins!