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The Economy and the Election
- Thread starter Watchmen
- Start date
Zero contest -- Harris. I have looked carefully at every policy both have revealed, and Trump's tariffs alone will slow the economy. There is one really important fact that everyone should look carefully at -- after the pandemic, the whole world underwent a period of inflation. It hurt all of us, and is still hurting all of us. But the nation that has -- as of today -- made the most progress at bringing it down, along with an increase in wages, which mitigates against inflation, is the Biden/Harris United States.
Take a quick peek at your 401K. You might be pleasantly surprised.
Take a quick peek at your 401K. You might be pleasantly surprised.
Thanks for the post.
Twilight Hue
Twilight, not bright nor dark, good nor bad.
Trump has a degree in economics, Harris does not and she's just yet another crappy troublemaking lawyer thrown into the system.
Harris. She will build on the policies of the current administration. So far it has a good track record for managing inflation (which is global). She intends to keep an eye on corporations that will raise prices on their products in deceptive ways like shrinkflation. She is a stable person and will have a stable administration, unlike what we can expect from Trump. As we know social and political stability is good for the economy. Trump's expected chaos will not be a good environment for economic growth. Trump's first administration was filled with many competent people, and we can't exepct this to happen again given what has been reported.
Trump's age and mental instability is too risky. And he's a convicted criminal.
Trump's age and mental instability is too risky. And he's a convicted criminal.
He got it 60 years ago. Does the old man remember any of it? He can't even remember who he's running against. He thinks tariffs on imports that the USA doesn't even make is a good idea. It's stupid because all it will do is make imorted products more expensive for consumers.
But she is smart enough to select experts who have degees in economics in recent years.
Twilight Hue
Twilight, not bright nor dark, good nor bad.
If tariffs are so bad you still to this day refuse to explain why then other countries readily use them and no, she's not really all that politically smart, she does nothing but puts out word salad diatribes and it might as well have a sitar in the background while she rambles on and on incoherently.
It will be a challenge for the experts since nobody can stand working for the woman for very long.
Daemon Sophic
Avatar in flux
Harris obviously will do a better job. As discussed above, the Biden/Harris administration has spared the USA from the worst of the pandemic and it's resultant global economic catastrophe, and has since brought unemployment down to record low levels, while simultaneously raising salaries to offset the global inflation rates that have also come from the COVID devastation, and making international arrangements that will benefit us for years to come.
Meanwhile, The Insurrectionist is mentally and economically unstable, unliked by other nations and multinational businesses, and has a track record of failed personal businesses (6 bankruptcies - as well as less money than he would have if he'd taken his $$millions$$ of big-daddy's money, and instead of failing/flailing with it, he'd simply invested it). But he furthermore now as a track record (just like his personal finances) of destabilizing the booming economy that was handed to him in 20216, over the three years before COVID hit.
The Trump administration was ruining the pre-COVID-19 economy too, just more slowly
Key takeaways:
Meanwhile, The Insurrectionist is mentally and economically unstable, unliked by other nations and multinational businesses, and has a track record of failed personal businesses (6 bankruptcies - as well as less money than he would have if he'd taken his $$millions$$ of big-daddy's money, and instead of failing/flailing with it, he'd simply invested it). But he furthermore now as a track record (just like his personal finances) of destabilizing the booming economy that was handed to him in 20216, over the three years before COVID hit.
The Trump administration was ruining the pre-COVID-19 economy too, just more slowly
Key takeaways:
- Long before the COVID-19 pandemic the Trump administration was squandering the pockets of strength in the American economy it had inherited.
- Broad-based prosperity requires strength on the supply, demand, and distributive sides of the economy, and Trump administration policies were either weak or outright damaging on these fronts.
- Demand: Most of the Trump tax cuts went to already-rich corporations and households, who tend to save rather than spend most of any extra dollar they’re given.
- Supply: Business investment plummeted under the Trump administration, despite their lavishing tax cuts on corporate business.
- Distribution: The Trump administration undercut labor standards and rules that can buttress workers’ bargaining power.
Hmmm…I know a lot of people with degrees who are crappy at their jobs. Is there anything about Trump other than a degree from 50 years ago that makes you believe he’d be good for the economy?
Thank you for your post.
A lot of this is inaccurate. For example, the Trump economy far outperformed what Obama did.
Spice
StewardshipPeaceIntergityCommunityEquality
I support Harris. There are things equal to, or more important than the economy to be mindful of.
When it comes to the analysis of the two economic plans presented by the candidates to be reviewed by an independent source, it was reported back to Goldman Sachs that the difference in the final outcome of the two plans was minimal. (see below)
Trump is riding on economics and immigration, though neither are strong enough to support one's decision to ignore national and global healing, environmental protections, education, infrastructure, and sustainable energy for the future.
A significant beginning on immigration reforis has been held up by Trump's instruction to the GOP, but it is written, approved, and ready for the election to be finalized so we can see who gets credited. The economic plans, as submitted, were analyzed as a wash. That leaves the other important issues to be weighed for decision.
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When it comes to the analysis of the two economic plans presented by the candidates to be reviewed by an independent source, it was reported back to Goldman Sachs that the difference in the final outcome of the two plans was minimal. (see below)
Trump is riding on economics and immigration, though neither are strong enough to support one's decision to ignore national and global healing, environmental protections, education, infrastructure, and sustainable energy for the future.
A significant beginning on immigration reforis has been held up by Trump's instruction to the GOP, but it is written, approved, and ready for the election to be finalized so we can see who gets credited. The economic plans, as submitted, were analyzed as a wash. That leaves the other important issues to be weighed for decision.
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Spice
StewardshipPeaceIntergityCommunityEquality
Tariffs are good when handled with care. When they protect the American product from price under-cuts, etc. Put a tariff on something we are not good at and the citizens pocket books will pay, pay, pay OR the American people will have to live without.
President Biden kept almost all of the tariffs that Trump initiated and added billions of dollars of more tariffs.
"President Biden is taking action to protect American workers and American companies from China’s unfair trade practices. To encourage China to eliminate its unfair trade practices regarding technology transfer, intellectual property, and innovation, the President is directing increases in tariffs across strategic sectors such as steel and aluminum, semiconductors, electric vehicles, batteries, critical minerals, solar cells, ship-to-shore cranes, and medical products."
FACT SHEET: President Biden Takes Action to Protect American Workers and Businesses from China’s Unfair Trade Practices | The White House
Daemon Sophic
Avatar in flux
Nope.
Trump road in on a booming economy that Obama had pulled out of the 2008 (Bush Jr.) recession. Every chart you look to will show how Trump did nothing, yet claimed all of the credit for the economy. Eventually, he was able to get his one item passed (after over a year of delays). His one pet project was........a tax cut for the ultra-wealthy.
It gave a MUCH smaller cut to the rest of us working souls, but even that was programmed to last for a shorter time, while the elites (particularly real-estate developers ) get permanent cuts. That was it. That was The Insurrectionist's sole claim to fame. Meanwhile, all of his international shenanigans, and the horrendous debt his cuts and overspending caused (as is the norm for Republicans) vastly increased the national debt while gaining no measurable benefits for the US. Protections (including against working condition hazards, environmental degradation, overwork exploitation, even against the threat of a return of child labor) were all reduced. Pollution regulations were trampled, etc...etc...
Even before his literally large-scale lethal response to COVID, tRump was already damaging the booming economy that he had been handed, primarily to benefit the ultra-rich elites, at the expense of the working class as well as future generations.
His claims of economic success are just a ruse, for those who don't study their history to fall for. And that is NOT inaccurate.
False. Trump achieved economic growth the Obama admiration literally said was not possible.Nope.
Trump road in on a booming economy that Obama had pulled out of the 2008 (Bush Jr.) recession. Every chart you look to will show how Trump did nothing, yet claimed all of the credit for the economy. Eventually, he was able to get his one item passed (after over a year of delays). His one pet project was........a tax cut for the ultra-wealthy.
Meanwhile, all of his international shenanigans, and the horrendous debt his cuts and overspending caused (as is the norm for Republicans) vastly increased the national debt while gaining no measurable benefits for the US. Protections (including against working condition hazards, environmental degradation, overwork exploitation, even against the threat of a return of child labor) were all reduced. Pollution regulations were trampled, etc...etc...
Even before his literally large-scale lethal response to COVID, tRump was already damaging the booming economy that he had been handed, primarily to benefit the ultra-rich elites, at the expense of the working class as well as future generations.
And that is NOT inaccurate.
There was an NPR story about it. I’ll see if I can find it.
Daemon Sophic
Avatar in flux
The above 8 minutes is an out-take from her full show, that you can listen to here.
Bottom line. Trump did NOT do a good job with the economy, and Biden/Harris have done/are doing a FANTASTIC job with the economy.
The facts are presented, and they don't care about your feelings. Get over it.
IMO, this also brings our attention back to the fact that most of the available and publicly utilized media news sources are strongly weighted against Democrats and are working to support The Insurrectionist. Really. What percent of you think that the economy has been doing poorly over the last 3 1/2 years, and that tRump's policies had anything to do with the economy's success in his first couple of years?
Harris's undergrad degree is in political science and economics.
Pogo
Well-Known Member
You don't even need MSNBC for that, just ask economists, He started with a good economy and left us with massive future debt.
The above 8 minutes is an out-take from her full show, that you can listen to here.
Bottom line. Trump did NOT do a good job with the economy, and Biden/Harris have done/are doing a FANTASTIC job with the economy.
The facts are presented, and they don't care about your feelings. Get over it.
IMO, this also brings our attention back to the fact that most of the available and publicly utilized media news sources are strongly weighted against Democrats and are working to support The Insurrectionist. Really. What percent of you think that the economy has been doing poorly over the last 3 1/2 years, and that tRump's policies had anything to do with the economy's success in his first couple of years?
Did Trump Create or Inherit the Strong Economy
Mainstream economists say the economy was strong before Trump took office Greg Mankiw, chairman of the Council of Economic Advisers under George W. Bush, states that “the economy was in fine shape at the end of the Obama administration, despite what President Trump sometimes asserts.”7
A substantial part of economic progress under Trump occurred before his signature economic policy took effect President Trump’s most significant economic policy, his $1.9 trillion tax cuts, did not take effect until January 2018—a year after he took office. By that time, unemployment had dropped from 4.7 to 4.1 percent, household incomes had increased $850 and 2.3 million new jobs had been created. The tax cuts may have caused a slight “sugar high”—but at a very high price The 2017 tax cuts likely added some fuel to the economy because they increased corporate profits (benefiting shareholders) and gave individuals more money to spend. However, many economists say that the “sugar high” from the tax cuts is wearing off. In fact, business investment has declined for two consecutive quarters and a recent analysis by The New York Times found no relationship between the size of the tax cut companies and industries received and their investments. 8
In the long term, the $1.9 trillion in new federal debt likely will weigh down the economy.9
Trump’s trade war hurts consumers, businesses and the economy American businesses and consumers, not foreigners, pay tariffs. Although the tariffs hurt China by reducing demand for more Chinese goods, they also hurt American businesses that pay the tariffs, American consumers who buy the higher-priced products, American farmers who are hit with reciprocal tariffs and the economy, which is weighed down by the interaction of these forces.
And it continues from there.