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It’s actually not fair to blame all debt rise on the sitting president. Many of Obama’s plans went into effect during Trump’s presidency, so in effect Obama takes the blame for some of that. That would apply to Biden as well. It would take a more complete study to figure out how much debt can be attributed to each president and Congress combination.
Normally I would agree with you. This is why any critique of Obama on the economy I chose not to include the stats for the year 2009. The reason, is because it normally takes about a year before a new president's policies start to impact the US economy.
Biden on the other hand, has jumped in with both feet and killed tens of thousands of oil jobs, artificially harming the US energy market. He is also flooding the nation with illegal aliens which will also become a drag on the economy before the year's end. Biden has already had an immediate, and negative, effect on the US economy, and if he keeps signing reckless spending bills like this one, and the US Treasury keeps printing money, he will cause inflation
You are too busy making this bailout of an industry that always gets bailouts going back decades into some miraculous applaudable political accomplishment that you delved into the just plan silly.
Globally air traffic in 2020 was down 65.9%. The US was down 59.6%. There was nothing unique about America's air traffic decline, we were actually a little better than average in that regard.
Pretty much ALL countries had reductions, slapped restrictions on other countries, and had restrictions slapped on them. Just the facts.
Is that what our federal government is supposed to engage in, putting the nation in debt for trillions of dollars through borrowing money from China, and simply giving it away to private corporations???
What about all the small business owners who lost everything? Where is their bailout? Oh, that's right, they aren't a giant corporation with deep pockets and friends in Congress.
Welcome to neo-fascism where corporate friends of government politicians get free money from the federal government. Glad to see you are on board with it.
Would you ever consider reading the bill before voicing misinformation?
Trump's bailout bill bailed out corporations, including gas & oil.
Biden's bill provides assistance to mostly small businesses hurt by the pandemic.
Its here in the bill: TITLE V—COMMITTEE ON SMALL BUSINESS AND ENTREPRENEURSHIP
Reports from two other sources—the U.S. State Department and Cornell University—say that no more than 6,000 jobs would be created by the pipeline,
Quote:
The United Association (U.A.), a union of plumbers, welders and pipe fitters, has also come to an agreement with TransCanada. Tom Gross, the U.A.’s director of pipelines, told InsideClimate News that most of the construction would take place between April and December.
Quote:
“As with any construction work, they ramp up during a 8 to 9 month work season and are laid off anywhere from 1 to 6 months in a year,” said U.A. Special Representative David Barnett.
Don't know if you were aware but because COVID was so rampant in the US, most countries banned us from going there. Of course, with no overseas travel, airlines suffered.
So what's their reason for all the past layoffs that were pre-COVID? And the bailouts prior to the pandemic? Haven't we helped them out enough by now?
I need you to provide statistics and details for your assertions ^^ before I can respond.
I only know of trump's massive bailouts to the airlines.
The Trump administration has reached an agreement of a $25 billion bailout to prop up major airlines an industry hobbled by the coronavirus pandemic. ...
You know how it works. They document exactly where the government relief money goes, and then with the other hand they can use money in a separate account to buy stock. The stimulus money they received from government frees up the other capital, and it all looks legit
I need you to provide statistics and details for your assertions ^^ before I can respond.
I only know of trump's massive bailouts to the airlines.
The Trump administration has reached an agreement of a $25 billion bailout to prop up major airlines an industry hobbled by the coronavirus pandemic. ...
Wow, a $25 billion bailout? So where is the thread "Boom! Trump saves over 13,000+ jobs and that's just the beginning!"
You obviously know nothing of economics, business, nor how markets work. Artificial, Government intervention is often harmful in the long term. At the huge cost to the taxpayer.
You're right, and when we see hyperinflation they will find out. We will all be standing in the bread line!
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