What skill does Trump have that Biden doesn in regards to the economy?

[F1fan]

Recent polling shows that the economy is the biggest priority for American voters, over immigration and abortion access.

https://d3nkl3psvxxpe9.cloudfront.net/documents/econTabReport_mTlzQOB.pdf#page=111

I watched news coverage of Trump's Bronx rally that included interviews with some who attended. One woman was asked why she is supporting Trump and she said that the economy is not good. She cited housing costs as well as food costs. This seems to be a common attitude among many voters. More polling shows that Trump has a higher rating than Biden:

CBS News poll finds voters remember Trump's economy as good, boosting Trump to national lead over Biden today

A new CBS News poll finds Trump leads Biden by four points nationally.

www.cbsnews.com

Those who rely on reputable media may be aware that the USA has been able to control inflation with some success, mostly raising interest rates and the Inflation Reduction Act. Despite inflation pressure the US economy is doing well, with jobs being added every month and a new record of 40,000 for the Dow Jones. Inflation is a global phenomenon due mostly from the rebound of the pandemic. Many right wing pundits blame Biden for inflation when it is in fact a global issue. It seems many voters are incorrectly blaming Biden for inflation as well. Biden did pass the Inflation Reduction Act which has helped slow the inflation rate. It hasn't stopped corporations from raising prices with tricks like shrinkflation.

So, what makes Trump a better option as president? Can Trump stop shrinkflation? What policies will he impose that will lower inflation? Let's not forget that it is republicans who advocate for free markets and little government interferance, so will this mantra be thrown out to slow inflation?

Trump has claimed he will impose tariffs on China, but where is his analysis on the increased costs passed down to consumers?

If you vote one way or another post your reasons with evidence and an argument. I don't care about your opinion, I want to hear arguments for one candidate or the other.

 

[Balthazzar]

2016 it was Trump, Carson, Sanders, Webb, Clinton, Graham, etc on the campaign trials. My thinking then, similar to now, is Trumps business savvy makes him most suitable due to this nations deficit and need for economic growth. A lot has happened since 2016 and these events haven't favored Trump or Biden. Kennedy isn't my first choice, second choice, or third but this isn't because I think he'd make a bad president, I simply think that others would be better suited for the position according to national needs. At the moment, I'm still in my 2016 mindset, despite the controversies surrounding Trump. My larger concerns are foreign relations and trade agreements. The tariffs, depending on how they are handled, could be both useful and costly. The same is true for our other neighbors. No one wants to lose, no one wants to get the losing end of a deal, so how our foreign relations and agreements are handled is important, namely due to the fact that we live in such a small and interconnected global community.

Economy and foreign relations, trade agreements and global commerce are most concerning, and I still think Trump is better suited for the task than the others on the list.

 

[Evangelicalhumanist]

Most Americans are still obsessed with inflation, and yet, if you examine it closely, inflation is the price the nation had to pay in order to ensure that literally millions of Americans did not go bankrupt or lost much of their property, ability to attend college, pay for medical care, and on and on. Once the decision to pump unearned dollars into the economy to effect that outcome, inflation is assured — but will, with a bit of time, as we are seeing, return to normal levels.

The decisions to pump all that money into the economy were made by both Trump's and Biden's administrations. But Biden has been pumping more money into the economy, for the purpose of building and renewing infrastructure, as this has both short and long-term benefits. In the short term, it means employment for many, many people, and purchasing of goods and materials that keep industry humming. In the long term, of course, it means infrastructure that can be relied on — it's not really a good thing to just keep using roads and bridges until they crumble and fail.

The American economy is in remarkably good shape, given the scale of the global economic disruptions during the Covid-19 pandemic and its aftermath — and that isn't just leftist fantasy on my part. If you compare the American economy to that of other rich countries, and you can see it is doing a lot better.

You can also compare the American economy in 2024 to the forecasts issued by the Congressional Budget Office in January of 2020. Real GDP — that’s with the inflation adjustment — is higher than they thought it would be. The biggest reason for that is that immigration has been higher than the CBO expected. But have those immigrants’ jobs come at the expense of Americans’ jobs? No. Before the pandemic, the CBO thought there would be 4.4 percent unemployment rate this year and a 4.2 percent rate last year, and the actual numbers have been lower than that. They thought the prime-age labor force participation rate couldn’t break the 83 percent mark, but it has.

On the flip side, obviously inflation was greater than the CBO expected, and while inflation is now contained, that’s in part because interest rates are also higher than they thought they would be. But these are just the effects of managing the money supply to even things out.

 

[F1fan]

2016 it was Trump, Carson, Sanders, Webb, Clinton, Graham, etc on the campaign trials. My thinking then, similar to now, is Trumps business savvy makes him most suitable due to this nations deficit and need for economic growth.

There's a myth of Trump being a successful businessman, but his actual record is dismal in business. He filed numerous bankruptcies. He couldn't even make a casino profitable. His one true business skill is selling himself as a successful businessman, which is a lie. But his confidence attracks certain people. And his power as president has meant rich people see personal interests with him setting tax policy (that then has negative effects on the budget and deficit). Trump has committed to rich people, and to renew his tax cuts of 2017. Not good for America.

He promised a 4% permanent economic groth rate, but that never happened. It's been better under Biden. Trump promised infrastructure investments, but that never hapvened. Biden made that happen. Trump's international relations was not very good, except for the Middle East, much of which was personal for the Trumps and Kushners. And we can't forget his mishandling of the pandemic.

A lot has happened since 2016 and these events haven't favored Trump or Biden. Kennedy isn't my first choice, second choice, or third but this isn't because I think he'd make a bad president, I simply think that others would be better suited for the position according to national needs. At the moment, I'm still in my 2016 mindset, despite the controversies surrounding Trump. My larger concerns are foreign relations and trade agreements. The tariffs, depending on how they are handled, could be both useful and costly. The same is true for our other neighbors. No one wants to lose, no one wants to get the losing end of a deal, so how our foreign relations and agreements are handled is important, namely due to the fact that we live in such a small and interconnected global community.

Economy and foreign relations, trade agreements and global commerce are most concerning, and I still think Trump is better suited for the task than the others on the list.

How? Trump has made our allies worried about his alliance with putin and rhetoric about pulling out of NATO. How is that smart? For a diplomat that is unwise since it causes instability. So give us your evidence and argument as to why you think Trump is better. You offered your opinion but nothing else.

 

[Stevicus]

Recent polling shows that the economy is the biggest priority for American voters, over immigration and abortion access.

https://d3nkl3psvxxpe9.cloudfront.net/documents/econTabReport_mTlzQOB.pdf#page=111

I watched news coverage of Trump's Bronx rally that included interviews with some who attended. One woman was asked why she is supporting Trump and she said that the economy is not good. She cited housing costs as well as food costs. This seems to be a common attitude among many voters. More polling shows that Trump has a higher rating than Biden:

CBS News poll finds voters remember Trump's economy as good, boosting Trump to national lead over Biden today

A new CBS News poll finds Trump leads Biden by four points nationally.

www.cbsnews.com

Those who rely on reputable media may be aware that the USA has been able to control inflation with some success, mostly raising interest rates and the Inflation Reduction Act. Despite inflation pressure the US economy is doing well, with jobs being added every month and a new record of 40,000 for the Dow Jones. Inflation is a global phenomenon due mostly from the rebound of the pandemic. Many right wing pundits blame Biden for inflation when it is in fact a global issue. It seems many voters are incorrectly blaming Biden for inflation as well. Biden did pass the Inflation Reduction Act which has helped slow the inflation rate. It hasn't stopped corporations from raising prices with tricks like shrinkflation.

So, what makes Trump a better option as president? Can Trump stop shrinkflation? What policies will he impose that will lower inflation? Let's not forget that it is republicans who advocate for free markets and little government interferance, so will this mantra be thrown out to slow inflation?

Trump has claimed he will impose tariffs on China, but where is his analysis on the increased costs passed down to consumers?

If you vote one way or another post your reasons with evidence and an argument. I don't care about your opinion, I want to hear arguments for one candidate or the other.

One quibble I might have with the premise of this question is that, in reality, the President does not really "handle" the economy, at least not by himself. Many things are outside of the control or purview of the government.

As for inflation, that started to become an issue when Russia invaded Ukraine and the US and other Western countries imposed sanctions, which drove up oil prices and rippled throughout the economy.

I think there may also be some disagreement in perception regarding what a "good economy" is supposed to look like. Some people seem to think that, as long as the wealthy continue to get richer and the poor get poorer, that's what they consider "good times," and it's often reflected in media rhetoric, most of which is controlled by the wealthy corporate class.

One might argue that a better economic plan would entail a greater push towards autarky, or greater self-sufficiency, where the only thing we should import are those things which can not be mined nor grown within our own territory. Everything else, we can build and manufacture here, by our own workers. We don't need to import any manufactured if we have the know-how to build things ourselves (and if we don't have that know-how anymore, then our economy is in more serious peril than anyone is willing to admit). The pandemic made it clear to a lot of people just how vulnerable we were, when we were facing severe shortages for items as mundane and simple as toilet paper. It makes it appear that Americans don't even know how to make toilet paper anymore. How pitiful is that?

Back in the 1990s, after the Cold War ended, the push towards free trade, outsourcing, etc. was good for the wealthy corporate classes, but it caused stagnation and economic decline through huge swaths of America. Neither party has really addressed this or adequately answered for it. And, instead of changing, reforming, or reversing these economically suicidal policies, all the establishment-level pundits and politicians can do is argue for more of the same. All I've seen over the past 30+ years is the smug, supercilious rhetoric of elitists, peppered with arrogance and scorn for the working classes, and they seem to think that's the best way to win friends and influence people.

And now they're wondering why some bigoted, criminal blowhard like Trump is getting more than 0.01% of the vote. I guess it must all be because of Russian interference and Fox News propaganda, since it can't have anything to do with the morally-bankrupt and reckless economic policies of the ruling class. Right?

It's not really a question of "who" can run the economy better, but which economic ideas and plans produce better results.

 

[We Never Know]

Recent polling shows that the economy is the biggest priority for American voters, over immigration and abortion access.

https://d3nkl3psvxxpe9.cloudfront.net/documents/econTabReport_mTlzQOB.pdf#page=111

I watched news coverage of Trump's Bronx rally that included interviews with some who attended. One woman was asked why she is supporting Trump and she said that the economy is not good. She cited housing costs as well as food costs. This seems to be a common attitude among many voters. More polling shows that Trump has a higher rating than Biden:

CBS News poll finds voters remember Trump's economy as good, boosting Trump to national lead over Biden today

A new CBS News poll finds Trump leads Biden by four points nationally.

www.cbsnews.com

Those who rely on reputable media may be aware that the USA has been able to control inflation with some success, mostly raising interest rates and the Inflation Reduction Act. Despite inflation pressure the US economy is doing well, with jobs being added every month and a new record of 40,000 for the Dow Jones. Inflation is a global phenomenon due mostly from the rebound of the pandemic. Many right wing pundits blame Biden for inflation when it is in fact a global issue. It seems many voters are incorrectly blaming Biden for inflation as well. Biden did pass the Inflation Reduction Act which has helped slow the inflation rate. It hasn't stopped corporations from raising prices with tricks like shrinkflation.

So, what makes Trump a better option as president? Can Trump stop shrinkflation? What policies will he impose that will lower inflation? Let's not forget that it is republicans who advocate for free markets and little government interferance, so will this mantra be thrown out to slow inflation?

Trump has claimed he will impose tariffs on China, but where is his analysis on the increased costs passed down to consumers?

If you vote one way or another post your reasons with evidence and an argument. I don't care about your opinion, I want to hear arguments for one candidate or the other.

"a new record of 40,000 for the Dow Jones"

Biden has had many new record for the Dow Jones. If he started at 29,000 and hit 30,000 its a new record. So was 31,000, 32,000, etc.

During Trump's presidency, the Dow made 126 new all-time highs. Even with covid set backs.

Fyi...

It took 103 years for the index to top 10,000, set during the dot-com boom in March 1999, another 18 years to cross 20,000, accomplished in Jan. 2017, about 3.5 years to surpass 30,000 in Nov. 2020 and another 3.5 years to eclipse 40,000."

Dow Crosses 40,000 For First Time In History

It’s the first time in the blue chip stock index’s 128-year history that the Dow crossed 40,000, another milestone in 2024’s bull market—driven partially by Walmart’s stock surge.

www.forbes.com

 

[tytlyf]

If Trump won the 2020 election, inflation would be the same or higher.
The inflation is a direct result of the covid lockdowns. Corporations want their profits back.

 

[F1fan]

One quibble I might have with the premise of this question is that, in reality, the President does not really "handle" the economy, at least not by himself. Many things are outside of the control or purview of the government.

Indeed. My question is about the public's perception of what the candidates can and will do. Thus far Trump is gaining support due to belief that Biden is mishandling the economy and that Trump offers a better set of solutions. I'm asking members to offer their opinions about their perception of the candidates. I really want to hear from conservatives.

It appears to me that voter support for Trump is baseless over the economy, and I want to hear them demonstrate that I'm wrong.

It could be that the voters moving from Biden to Trump are just ignorant, non-informed people, who might read headlines and that's it. We should find out if this i the case. If Trump supporters have evidence and an argument, let's hear it.

 

[F1fan]

If Trump won the 2020 election, inflation would be the same or higher.

If Trump deports millions of migrants as he says he will there will be a massive lack of workers, especially in farming, construction and hospitality. Wages will have to spike to get workers, and that will cause inflation. Just the actions of rounding up migrants will cause social stress and instability, and economies do not like that.

The inflation is a direct result of the covid lockdowns. Corporations want their profits back.

Right, and Trump will want to keep his rich buddies happy, so he will have a conflict of interest between corporate profit and consumer pricing.

 

[Balthazzar]

There's a myth of Trump being a successful businessman, but his actual record is dismal in business. He filed numerous bankruptcies. He couldn't even make a casino profitable. He promised a 4% permanent economic groth rate, but that never happened. It's been better under Biden. Trump promised infrastructure investments, but that never hapvened. Biden made that happen. Trump's international relations was not very good, except for the Middle East, much of which was personal for the Trumps and Kushners. And we can't forget his mishandling of the pandemic.

How? Trump has made our allies worried about his alliance with putin and rhetoric about pulling out of NATO. How is that smart? For a diplomat that is unwise since it causes instability. So give us your evidence and argument as to why you think Trump is better. You offered your opinion but nothing else.

The business of bankruptcy isn't uncommon and can lend itself to much greater gains and relief, but that's another topic altogether. He was able to acquire a billionaire status, which suggest to me that he is in fact business savvy, meaning very good at it. Beyond this are his ties and business associations, domestic and foreign relations with entities that move money. Most presidents promise and make statements that are directly resisted for the purpose of showing that they are incompetent, deceitful, and to pull the public opinion towards their preferred candidate.

Nato decision could be the difference between a sooner or later greater prepared later war decision. Pulling from NATO equates to possible time extension before we are actually required to put boots on the ground. It's not that Nato isn't supported, but that it was a strategic move and one I'm in favor of.

 

[We Never Know]

If Trump deports millions of migrants as he says he will there will be a massive lack of workers, especially in farming, construction and hospitality. Wages will have to spike to get workers, and that will cause inflation. Just the actions of rounding up migrants will cause social stress and instability, and economies do not like that.

Right, and Trump will want to keep his rich buddies happy, so he will have a conflict of interest between corporate profit and consumer pricing.

"If Trump deports millions of migrants"

If they are here legally he won't deport them.

"Now, with immigration a top issue for voters in November, Donald Trump says, if elected again, he's determined to carry out his threat: to round up and deport millions of migrants living in the U.S. without legal permission"

Trump again vows to deport millions of migrants. Could he really do it?

Central to Donald Trump's run for president is a dark pledge to deport millions of migrants illegally living in the U.S. if elected.

abcnews-go-com.cdn.ampproject.org

 

[Balthazzar]

If Trump deports millions of migrants as he says he will there will be a massive lack of workers, especially in farming, construction and hospitality. Wages will have to spike to get workers, and that will cause inflation. Just the actions of rounding up migrants will cause social stress and instability, and economies do not like that.

Right, and Trump will want to keep his rich buddies happy, so he will have a conflict of interest between corporate profit and consumer pricing.

... and if consumers don't spend, they lose profits, the economy destabilizes and the goal to make money for his rich buddies in attempt to make them happy (as you suggest) will have been very badly orchestrated.

 

[We Never Know]

... and if consumers don't spend, they lose profits, the economy destabilizes and the goal to make money for his rich buddies in attempt to make them happy (as you suggest) will have been very badly orchestrated.

Why does everyone talk as if only republicans wanting tax breaks, more money, etc.

Sure Trump has rich buddies. Biden does to.

If neither did anything to help their rich buddies, their rich buddies wouldn't contribute to their campaign. How much of the $14.4 billion, the cost of the 2020 election came from their rich buddies.

 

[Revoltingest]

I hate to say it....
Biden is better for the economy.
Trump is better in some tax policy ways, but his planned
vengeance against his political enemies (including businesses
who cross him) could cause economic turmoil. His mis-handling
of the pandemic (other than fast tracking vaccines) also points
to his thoughtlessness in handling economic crises.
Biden, despite his many faults, is rather ordinary.....in a
mediocre way.

 

[Balthazzar]

Why does everyone talk as if only republicans wanting tax breaks, more money, etc.

Sure Trump has rich buddies. Biden does to.

If neither did anything to help their rich buddies, their rich buddies wouldn't contribute to their campaign. How much of the $14.4 billion, the cost of the 2020 election came from their rich buddies.

Your point is what? If it were a democrat in question, do you think my statement would differ much? The point is economic growth is dependent on consumer spending and if consumers can't afford to spend due to inflation, our economy destabilizes, and corporations lose money. The statement seemed to imply a badly orchestrated move to make his rich buddies happy at the expense of the consumers whilst hoping to sustain economic growth, hence being a badly orchestrated plan.

2020 14.4 billion costs of election ... I wonder how much of that money helped stimulate the economy and helped support the financial wellbeing of those who were recipients of the gain where the money was spent?

 

[We Never Know]

Your point is what?

My point is in my post

If it were a democrat in question, do you think my statement would differ much?

Don't know ya and can't read your mind so I have no ideal.

The point is economic growth is dependent on consumer spending and if consumers can't afford to spend due to inflation, our economy destabilizes, and corporations lose money.

I didn't say that was wrong

The statement seemed to imply a badly orchestrated move to make his rich buddies happy at the expense of the consumers whilst hoping to sustain economic growth, hence being a badly orchestrated plan.

It goes both ways

 

[Balthazzar]

My point is in my post


Don't know ya and can't read your mind so I have no ideal.

I didn't say that was wrong



It goes both ways

if was a matter-of-fact statement and yes it goes both ways.

...are boycotts being proposed?

 

[F1fan]

"If Trump deports millions of migrants"

If they are here legally he won't deport them.

"Now, with immigration a top issue for voters in November, Donald Trump says, if elected again, he's determined to carry out his threat: to round up and deport millions of migrants living in the U.S. without legal permission"

Trump again vows to deport millions of migrants. Could he really do it?

Central to Donald Trump's run for president is a dark pledge to deport millions of migrants illegally living in the U.S. if elected.

abcnews-go-com.cdn.ampproject.org

Migrants aren’t being prejudiced against because they entered illegally and haven’t filed for asylum, it’s because they’re brown. The law allows migrants to stay as their cases are in the courts. But can we trust the MAGAs to not find some justification to deport them anyway? Remember this will be a more extreme administration than the one that separated children from their parents , which was illegal. Can they be trusted?

 

[F1fan]

... and if consumers don't spend, they lose profits, the economy destabilizes and the goal to make money for his rich buddies in attempt to make them happy (as you suggest) will have been very badly orchestrated.

Corporations that compete for consumer products will risk long term consequences for the sake of improving profits on a short term basis. Economic growth has been extraordinary and corporations know it. They know consumers have money and credit. They will push inflation higher as long as consumers still buy. They have no obligation to consumers or society as a whole. This is why government regulation is crucial to mitigate capitalism.

 

[Twilight Hue]

Recent polling shows that the economy is the biggest priority for American voters, over immigration and abortion access.

https://d3nkl3psvxxpe9.cloudfront.net/documents/econTabReport_mTlzQOB.pdf#page=111

I watched news coverage of Trump's Bronx rally that included interviews with some who attended. One woman was asked why she is supporting Trump and she said that the economy is not good. She cited housing costs as well as food costs. This seems to be a common attitude among many voters. More polling shows that Trump has a higher rating than Biden:

CBS News poll finds voters remember Trump's economy as good, boosting Trump to national lead over Biden today

A new CBS News poll finds Trump leads Biden by four points nationally.

www.cbsnews.com

Those who rely on reputable media may be aware that the USA has been able to control inflation with some success, mostly raising interest rates and the Inflation Reduction Act. Despite inflation pressure the US economy is doing well, with jobs being added every month and a new record of 40,000 for the Dow Jones. Inflation is a global phenomenon due mostly from the rebound of the pandemic. Many right wing pundits blame Biden for inflation when it is in fact a global issue. It seems many voters are incorrectly blaming Biden for inflation as well. Biden did pass the Inflation Reduction Act which has helped slow the inflation rate. It hasn't stopped corporations from raising prices with tricks like shrinkflation.

So, what makes Trump a better option as president? Can Trump stop shrinkflation? What policies will he impose that will lower inflation? Let's not forget that it is republicans who advocate for free markets and little government interferance, so will this mantra be thrown out to slow inflation?

Trump has claimed he will impose tariffs on China, but where is his analysis on the increased costs passed down to consumers?

If you vote one way or another post your reasons with evidence and an argument. I don't care about your opinion, I want to hear arguments for one candidate or the other.

Trump was doing extremely well until the offset of covid. Biden and his croneys all but destroyed jobs and obliterated businesses off the face-off the earth with their obsession to isolate the virus without a care in the world as to who it hurt or at what cost it did to the economy.

Trump will just pick up where he left it and obviously we see just how bad it is with democrats claiming all is well when it actually isn't well at all. Not by a long shot.

People are worse off than ever and that will reflect in this year's election when they vote out the ones causing all the misery.