Huge deficits, a recession, and now job losses likely. What does Trump have to show for 4 years of work? (Palestinians, death)
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Trump is going to use this to his advantage. He's been trying to get China to play fair and it looks like this virus is waking the entire world up that countries cannot rely on manufacturing of valuable goods like medicines and food to be handled by China. This will spur more governments in forcing companies to bring back manufacturing to their home countries. This will be a very good thing in the end.
To say Trump dropped the ball on CV would imply he was in the game to begin with. And no I am not referring to his golf game that has so far cost the taxpayers $133 million or 334 years worth of his presidential salary.
Massive amounts of layoffs , our savings and retirement funds plummeting. The lack of confidence in his leadership is palpable. Here we are months behind where we should be on CV and the President takes no responsibility.
Blaming Trump for the Coronavirus is like blaming Obama for the 2008 financial crisis.
Who’s responsible for coronavirus??? The people eating bat soup that is who. If your going to eat bat meat at least be smart enough to makes sure it’s cooked all the way through.
Nobody cared when Obama had huge Deficits and more debt than any previous President COMBINED. Also he helped create very poor GDP growth, yet you didn't complain because you had your Commie President in place, right?
We are not in Recession, and the virus is temporary. GROW UP OP.
I wouldn't have even bothered wasting time replying to the OP's rhetoric, they have nothing to show for but hatred.
Trump is going to use this to his advantage. He's been trying to get China to play fair and it looks like this virus is waking the entire world up that countries cannot rely on manufacturing of valuable goods like medicines and food to be handled by China. This will spur more governments in forcing companies to bring back manufacturing to their home countries. This will be a very good thing in the end.
I agree, and less reliance on China would be very good for us.
Funny how Trump and his supporters pumped the economy and the stock market. Now the entire thing is crashing overnight. It's easy to juice the economy on sugar highs of some tax cuts and rate cuts, but look at what happens when the temporary high ends. The crash is hard. Companies thought the economy could only go up and up and up and fueled their spending with record amounts of corporate debt due to very low interest rates. Uh oh, now they're all screwed by both huge supply shocks and demand shocks. Their balance sheets are going to explode with debt that they won't be able to pay, which mean jobs losses are coming.
So what exactly does Trump have to show for 4 years of 'brilliant' work? He's blown up the deficit by giving out tax cuts when they weren't needed. The deficf will now get even worse because he wants even more tax cuts now that's economy is tanking, and deficits will get worse due to decreased tax receipts. He's mired in a never ending trade war he doesn't know how to get out of. He has made the US a laughing stock by pulling out of the Iran, Paris, and Asian deals. He's completely bungled the pandemic response, and the US still doesn't have good testing even though a country like South Korea could do it.
The only thing Trump creates is chaos. His luck has finally run out and he will no.longer be able to campaign on a platform of a good economy. Worst president ever.
It was a tax break for the rich. What most people got was a small bribe.
the top 1 percent received 9.3 percent of the tax cuts ,
the top 5 percent received 26.5 percent,
the top 20 percent received 52.2 percent
This resulted in enormous deficits, and business did not pass along this largesse in any significant way. Most had no intention of passing any of it along to workers (there was no requirement to do so), and very few did use it for the employees benefit.
The tax breaks did not generate the revenues promised to offset the cuts. The economy was already going at full tilt before the cuts and the there was negligible increase in economic activity.
This was a pure and simple naked grab at the treasury while they had a chance. They knew the opportunity wouldn't last, so they rushed it through before anything else. That window of opportunity was fleeting, and they went for it as fast as they could.
The top 20% pay 87% of the taxes up from 84%. Quit stealing other people money. It's sleazy.
Well, at least Der Trumpher got Mexico to pay for his beloved wall.
Oh, wait...
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