Quote:
Originally Posted by Thulian
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Trump focused on the economy and it improved, he made sure drug companies had the cash to get the vaccine, it happened.
Trump wanted to punish china with tariffs, he did
Trump put plans in place to keep business from going oversees, some did
more factories came back to the us during his term then the past 10
not sure why so many hate him, he loves america and all the people who live here
democrats just want to bill the gov for everything and bomb the economy as long as they get paid, that means everyone gets less $$$$
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I don’t usually post in threads like these anywhere it’s generally a waste of time but your incredible ignorance and stupidity deserves a response. It’s shocking just how stupid, uninformed, and generally oblivious to actual reality all of you trumpsters are.
Let’s just start at the bottom. Democrats just want to bill the government and bomb the economy?
- Since 1947 the S&P 500 average annual return under democratic presidents is 10.8% and under republican presidents it’s 5.6%. Since 1947 the average annual GDP growth under democratic presidents is 3.6% and under republican presidents it’s 2.6%.
More factories came back to the US under Trump’s term than the previous 10?
- Almost 1800 factories have left under the Trump administration between 2016 and 2018 and this dataset obviously doesn’t include his disastrous 2020. Between 2016-2018 the US gained 500,000 manufacturing jobs which is exactly the average of manufacturing jobs gained in the 2010’s decade of 166,000 per year. And once again this doesn’t include his disastrous 2020 where 740,000 manufacturing jobs have been lost. In July 2017 Trump boasted over and over about Foxconn investing $10 billion in the US and bringing thousands of jobs to Wisconsin, as of April 2020 all of Foxconn’s buildings were still empty which perfectly encapsulates Trump’s approach to governing.
Trump put plans in place to keep businesses from going overseas?
- What plans? What specific policies did he enact? This doesn’t even deserve a response see above.
Trump wanted to punish China with tariffs, he did?
- Do you typically believe everything that a pathological liar says? These tariffs don’t punish China and make very little sense in the real world. These tariffs are a tax on importers; that is US producers, wholesalers, and retailers. This tax increases a business’s cost of production which is either shouldered by the company itself making it less profitable directly and therefore allowing less new investment and less new hiring or the cost is passed on to consumers which means less consumption and less savings. Either way these tariffs have very little effect on China and actually punish US businesses and consumers.
Trump focused on the economy and it improved?
- Trump boasted if elected we would be at 4% or even 5% to 6% GDP growth yet he hasn’t even hit 3%. In the same timeframe Obama averaged 2.3% GDP while Trump has averaged 2.5% and yet in order to achieve that 0.2% boost in GDP growth Trump has nearly doubled the annual deficit from $585 billion to $984 billion. The same deficit that republicans spent 8 years decrying was going to destroy this country and must be addressed. In the same timeframe Obama added 8.08 million jobs while Trump added 6.52 million jobs. And neither these GDP nor jobs figures include Trumps disastrous 2020. Between Trump’s inauguration and the end of October 2020 the S&P 500 grew 44.5% while between Obama’s inauguration and the end of October in his 4th year the S&P 500 grew 66.1%.
Trump made sure companies had the cash to get the vaccine and it happened?
- Pfizer, the company who just developed the vaccine, did not take government funds. Despite Trump boasting that the vaccine would come out any day for months he has virtually nothing to do with its development and still has no real plan to distribute the vaccine. His entire coronavirus response, as with pretty much everything he has ever done, is to boast and take credit for anything good that happens due to the work of others while deflecting blame for anything bad that happens and doing no actual work himself.
Trump loves America and all of the people who live here?
- This is just your opinion so I won’t spend much time on this except to say this is a pretty strange statement considering Trump has spent the last 4 years almost exclusively pandering to his base and appears to show no love for anything or anyone that doesn’t directly benefit him.
Quote:
Originally Posted by douglas1999
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Black unemployment at an all time low, the median american household had 5000 more dollars to pump back into the economy. Again how you rationalize this away is your business, but please explain why it's bad. Cutting taxes for big business is a long-term investment in the economy; big businesses employ millions of people who now have more expendable income to roll with.
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Black unemployment at an all time low?
- Sure this is true but you are also intentionally obscuring the facts. Trump inherited an unemployment rate that had been steadily falling for years and was already nearing record lows. Even a cursory look at an unemployment chart will confirm that Trump’s unemployment rate almost perfectly follows the trend line that has been established since 2010 and indicates nothing he has done during his administration has had any real effect on the unemployment rate.
The median American household had $5,000 to pump back into the economy?
- In the preceding term the median household income rose $3,471 adjusted for purchasing power while in Trump’s term median household income rose $4,943 adjusted for purchasing power. This does not include 2020 so the timeframes don’t exactly much but I would still argue that this number rising is a good thing. However as Trump had to nearly double the annual deficit during his term in order to get there at what point is the juice not worth the squeeze?
Cutting taxes for big business is a long term investment in the economy?
- If this is true then why do businesses pay taxes at all? Shouldn’t we remove taxes for all businesses entirely? 400 of America’s largest corporations paid 11.3% in federal taxes after Trump’s tax cut, while 91 corporations in the Fortune 500 paid no federal taxes. If you make more then $9,875 in taxable income in a year you pay a higher percentage in federal taxes than a massive multi-billion dollar corporation. In fact, even before Trump’s tax cut corporate profits were at record highs.
As for your comment about democrats admitting the economy was “way up” under Trump as I’ve shown above this is not remotely true by any measure. Furthermore you arguing Trump should be given full credit for black unemployment at an “all time low” while data shows he had virtually no effect on the unemployment rate and therefore almost nothing to do with it and simultaneously arguing he should receive no blame for the economic downturn even though he has managed the coronavirus response worse then pretty much every other developed country on the planet is the literal definition of being disingenuous.