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Deficit last 3 years way less than prior admin I might add with a lot less support
It takes skill to blame mr trump for the virus but no doubt many will try
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.
Grievance politics.
Trump has been a fierce backlash against same-sex marriage, abortion, and the supposed moral decline of society. He has put an end to the PC era.
That's what matters to Trump's base more than anything else. Trump cannot win an election though with only the MAGA hat wearers, even if they are 40% of the country. Swing voters aren't going to vote for Trump when they are unemployed. Putting food on their table will matter more than kicking around gays or spitting on brown people.
So what exactly does Trump have to show for 4 years of 'brilliant' work?
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.
What did Obama have to show for 8 years? Pathetic waste of oxygen in the Oval Office.
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.
This post is way off reality. Maybe this will help.
Inflating a bubble for 3 years with artificially low interest rates and QE is not impressive, regardless of the number of times you post different variations of the same post on different threads.
If you don't like QE during Trump you shouldn't of liked it during 8 years of Obama either.
The huge deficits were not justifiable when in a booming economy that was sailing along just fine. The tax breaks for the rich have left us short of tools to deal with this potential crises. It appears we have shot the wad.
To date, tax revenues coming into the federal government have increased under Trump.
Thus, the deficit has nothing to do with any lack of cash inflows. The tax breaks increased inflows.
The tax breaks also brought ~$1T to be repatriated from offshore by multi-national US Fortune 500's.
The rising deficits are caused by runaway spending initiated by the Dem House of Rep's, then approved by the Pub Senate, then the Pub President (last step in the process).
It takes all 3 to spend wrecklessly, & the President has the least power to spend of the 3.
That being said, Obama added more to the deficit than EVERY President that preceded him COMBINED!
Spending during the Team Trump Presidency is Junior Varsity compared to Team Obama spending.
Since the Dem controlled House starts the spending process, I suggest you look in the mirror to see who's running up the debt. The House holds the purse strings, NOT Trump.
The economy has been strong under Trump & employment has been at 50 year highs. Wages have grown.
Tell your House to STOP the wreckless spending, and stop shooting the "wad".
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.
I think you've either been maybe glued to CNN & MSNBC for 3 years+ or you've been in a cave without contact.
This site will help you see the tons of accomplishments Trump has gotten done. It's very impressive for a non-political background president:
In my opinion, I liked Obama, but Trump has accomplished more than Obama, in only 3 years.
Trump and his administration have been super productive in just 3 years, all while the media and the Democrats have done nothing but focus on impeachment.
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.
And the biggest con job ever. Some of his diehard fans still have not seen the light, and probably never will. Everyone else is to blame, never Donald Trump. They cheer when something good happens, but never take responsibility when it goes the other way.
The cold, hard fact is, Donald Trump has not done one thing to affect any of this wonderful economy we are seeing, it has stayed fairly stable IN SPITE of him being in office. But here is the scary part, we were all holding our breath, hoping no major problem or conflict would happen while this inept do-nothing was in office because we knew he would never be able to react to it properly. Now, with this Coronavirus problem, the hens have come home to roost.
This is going to be a major problem, and all he is doing is sitting on his hands while trying to figure out a way to save his sinking chances of re election. I have been predicting all along that his Presidency would end in a very strange way, and this looks like this may be that happening right now.
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