This is where we’re going to part ways. I disagree with your conclusions. Obama didn’t stabilize anything. They printed a trillion dollars and papered over the problem. Also,I give Obama, Trump, and Biden's policy decisions all a fair amount of credit for the good and bad situations we're in.
With regards to inflation, and the overall economy...
Obama's Presidency stabilized an economy that was on the brink of an actual depression. But in doing so, there were social safety nets created, that were to have some longer lasting impacts on the economy.
Obamacare dragged out the recovery and made it the slowest recovery in history.
I agree Trump could have made cuts, but so could have Obama, Bush, and Biden. Also, tax receipts have increased since the taxes changes. You’re wrong on it.Trump benefitted greatly from the stabilized economy that Obama's admin handed off to him. Trump's policies accelerated growth in some areas, for sure. But there were also longer lasting consequences that his decisions were always going to have to be dealt with. He didn't do anything to cut spending when he could have...and his Tax changes helped exacerbate the deficit issues we've been seeing since Clinton.
This is complete rubbish. He did what everyone else would have done and did around the world.Then Covid happened. No one could have predicted or prepared for it adequately. Trumps response was an enormous part of the current situation we're in financially.
The large increase in inflation came from Trump’s bills in 2020 and Biden’s 3 bills in 2021. Trump’s bills were both bipartisan because they were passed right after the Government forced people to close down. All of Biden’s bills were partisan bills that were unnecessary.I would contend that similar to Obama's bail outs in 08/09, Trumps own bailouts (PPE), were a natural and probably necessary reaction. But the impacts those had on our economy, along with prior tariffs, and his "choice" to not take advantage of the strong economic factors to help with the deficit...all that began the inflation issues.
I blasted him and everyone I followed on X blasted him. They’re admittedly a mixture of conservatives, economists, and Bitcoiners.Then Biden got to office. Somehow, he had to pull us out of Covid. The policies he used were effective in that, but obviously they were like throwing gasoline on a fire with regards to inflation. I don't remember a ton of people blasting him for his early efforts though, when they were leading to record levels of business and profits. But like Trump, I think he took the easier way out to gain favor with his people by going too far with his safety net measures.
If Biden didn’t pass the 3 spending bills in 21, he would probably be the favorite to win in November. Inflation would have been much more mild and he could have rode a strong market and economy.Right, wrong, or indifferent, it seems like we're slowly starting to move back in the right direction with regards to inflation. Does Biden deserve any credit for that? I tend to think not really. But then, I don't give him nearly as much of the total blame as many on here do. I still think a very, very big majority if our inflation issues are still because of Covid, and the supply and overall business change issues Covid caused.
Having said ALL this...I dearly wish the GOP were nominating a normal, fiscally conservative candidate at the top of the ballot this year. And I fully intend to vote for candidates down ballot that appear to be smart, solid, and fiscally responsible candidates. I suspect I'll find more of them on the GOP side of the tickets, like most years.
However, they had an opportunity to implement a lot of new government programs and spending, so they did it while they can. It’s what Democrats always do. Give them control of all 3 branches and they’ll increase the size of Government. Biden dug his own grave (not that he ever had a say).
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