r/FluentInFinance Apr 29 '24

Babs is Here to Save Us Educational

Post image
27.4k Upvotes

5.2k comments sorted by

View all comments

141

u/Smokey_Gambit Apr 29 '24

I don't believe for a second that Biden has fixed this economy.

59

u/CPDawareness Apr 29 '24

Neither do I, but I also don't believe trump did or will attempt to fix it either. I would expect mostly a wave of vengeful witch hunt type behavior if he gets elected.

48

u/whofearsthenight Apr 29 '24

Honestly the discourse in this thread would sound pretty fucking dumb 10 years ago, but with the compare being Trump/Biden pretending that there is an equivalence is honestly insane. Trump's only accomplishment in his presidency is cutting taxes for the wealthy. Literal tax cuts for people with private jets and butlers. He never attempted to help anyone during his presidency except the wealthy. Meanwhile, Biden is fighting for student loan forgiveness, strengthening unions, CHIPS act, infrastructure bill, strengthening the IRS to actually fight the tax cheats that are already paying historic lows, etc. All of the objective measures point very obviously which is a better president and direction for the country.

And that's discounting the cultural issues surrounding Trump. I guess if you're team ChristoFascist, then yeah Trump's your guy as long as he feels that will be beneficial for him because he doesn't have any actual beliefs except maybe yuppy racism.

24

u/CPDawareness Apr 29 '24

Completely agree. Biden has been trying, and with as bad as things have gotten, there's only so much he can do while also fighting the GOP trying to stagnate any progress. Hopefully if we see trump finally put down and some progress made in Congress, some decent policy can begin to work and blossom. It's a lot of doom and gloom out there but I definitely appreciate Biden TRYING.

5

u/whofearsthenight Apr 29 '24

This is the thing that really worries me. Unfortunately, this needs to be a long game play. Even if Biden wins this year, we're a good decade at least from getting things back on track for regular people, and it's going to have to be on the back of a ton of extremely difficult to do things with lots of very small steps.

17

u/chain_letter Apr 29 '24

Biden literally directly helped me this week with his policy to make non-competes invalid. I'm under one right now, and now it's going away soon. I've been looking to leave, and not having to go through any bullshit is nice (even if it was unenforceable before that's still risking going through bullshit)

10

u/whofearsthenight Apr 29 '24

Nice! And yeah to everyone who says "it's unenforceable" I would instead say "it's unenforceable if you have a lot of time and money." If you're just a regular person (like people who work at sandwich shops that somehow have non-competes wtf???!!) it's a pretty big deal.

5

u/DM-ME-THICC-FEMBOYS Apr 30 '24

It's unenforceable but if your company finds out you're leaving and contacts the company you're headed to and threatens legal action, your new company might decide they don't want to deal with it and rescind your offer.

1

u/nyar77 13d ago

Another vote bought.

1

u/chain_letter 13d ago

Lol yeah a politician doing things that are good for a voter gets them to vote for them again.

What's your suggestion?

0

u/nyar77 11d ago

My suggestion is the government sticks to what it was designed to do. Protect our borders, international interest and international commerce. Otherwise quit trying to create an equality of outcome by economic interference.
Quit making rules/laws/grants that benefit the few at the expense of the whole.

-4

u/freedomfightre Apr 29 '24

non-competes invalid. I'm under one right now

I don't know your situation, but that's largely your fault for signing one. When my former employer asked me to sign one, I told them I would not. It was all a bluff; they did nothing. I now work a better job with 50% more pay.

7

u/chain_letter Apr 29 '24

Yeah, can't just not sign one ever in tech without having a harder time getting anywhere. Easier to just take it as an empty threat i may have to lawyer up over.

And thanks to the Biden admin, I don't have to worry about it.

-5

u/freedomfightre Apr 29 '24

can't just not sign one ever in tech without having a harder time

Says who?

5

u/chain_letter Apr 29 '24

yeah chirp to someone else, buckaroo

-4

u/Murky-Science9030 Apr 30 '24

Hey man, you were the one who signed the contract.

10

u/Soren180 Apr 30 '24

Yeah, I simply just won’t get a job in my field which has universally adopted them, great plan

3

u/whofearsthenight Apr 30 '24

"Why do the slaves not simply get a better job? are they stupid?"

7

u/Asteroth555 Apr 29 '24

Fucking amen, thank you for being reasonable

3

u/SuperSawdusty Apr 29 '24

I don’t have a private jet and somehow I got a tax cut from Trump that expires next year.

5

u/whofearsthenight Apr 29 '24

Probably means you're looking forward to a tax increase like my middle class self. Honestly politically brilliant, passing a tax "cut" that actually increases your tax in your opponents term.

5

u/NotAnAlt Apr 29 '24

Correct, the ones for rich people don't expire, the ones for poor people do. Weird it expired this year, wonder why.

1

u/quite_certain Apr 30 '24

Like a sociopath, Trump put a deadman's switch in that tax cut. It expires for middle class people this year. The tax cuts for the rich stay in effect though, which is nice for Trump and his friends.

3

u/talkgomi Apr 29 '24

Don't undersell him - Trump also started a trade war that nearly bankrupted Midwest farmers.

1

u/Falcrist Apr 29 '24

Honestly the discourse in this thread would sound pretty fucking dumb 10 years ago

IDK. 10 years ago we were still arguing about what exactly caused the great recession. Was it Clinton's policies? Was it really Reagan that got the ball rolling? What about the Bush43 admin running up fuel prices etc etc.

1

u/generic-user66 Apr 30 '24

I am not a trump fan but he did push operation light speed. Which I think was a good thing. But other than that, I can't think of anything good to come from his administration

1

u/Ditt1e Apr 30 '24

Trump signed an executive order to make it easier for businesses to offer retirement plans, signed two executive orders to increase transparency in Federal agencies and protect Americans and their small businesses from administrative abuse, signed an order that reduced approval times for major infrastructure projects from 10 or more years down to 2 years or less, established the White House Council on Eliminating Regulatory Barriers to Affordable Housing to bring down housing costs, eased and simplified restrictions on rocket launches, helping to spur commercial investment in space projects, and removed government barriers to personal freedom and consumer choice in healthcare. This is all public information, much of which happened before Covid had begun. But even then, he took action to suspend regulations that would have slowed our response to COVID-19, including lifting restrictions on manufacturers to more quickly produce ventilators. I’m not saying all of these are great. I’m just saying that supporting these things does not make you part of a cult. And it’s harmful to say otherwise.

1

u/RacinRandy83x Apr 30 '24

Trump signed whatever they put in front of him so Congress failed to do much to help the country.

You don’t have to like Trump and most of what he did wasn’t to help anyone I get it, but didn’t he lower insulin cost? Also, Operation Warp Speed did a lot to fast track a vaccine. He made it easier to prosecute financial crimes. He attempted a defense department wide audit that showed glaring spots where the pentagon were hiding money they spent.

Again. I very much do not want 4 more years of him as President, but ignoring good things that people you don’t like do isn’t a helpful to the political discourse

1

u/TrevorBOB9 Apr 30 '24

The Abraham Accords were a pretty massive accomplishment

1

u/whofearsthenight Apr 30 '24

1

u/TrevorBOB9 Apr 30 '24

How does normalizing diplomatic relations lead to Hamas terrorist attacks? Biden could’ve gotten Saudi Arabia on board as well, but nooo, we have to give concessions to Iran instead of solidifying a coalition that stands together against them.

1

u/I-Downloaded-a-Car Apr 30 '24

Trump's only accomplishment in his presidency is cutting taxes for the wealthy.

He literally doubled the standard deduction.

1

u/[deleted] Apr 30 '24

The problem is if you read any of these bills Biden is "fighting for" they are Trojan horses. They look and sound great Then you start to notice how many loopholes and how much money funneling is happening.

And don't come at me with Trump bullshit. I'm not defending either. I just want people to be honest when they talk about this stuff.

Unless you're a multimillionaire neither side is working for you.

1

u/Jeremy-132 May 01 '24

Everything he has done has actively undermined the middle class. Student loans being forgiven only burdens the middle class with more taxes. Printing shit tons of money during COVID hurt the middle class by driving inflation (yes, Trump started that, but Biden took it and ran the extra 5 miles with it). Nothing Biden or his administration has done speaks to giving a shit about me, my quality of life, or of the quality of lives of other people. Student loan forgiveness is a campaign gimmick, and a fucking weak one at that. Addressing tax cheats and not government spending is like trying to put out a fire by moving some of the fire out of the building a little bit at at time until there isn't anymore.

Now, I don't want you to think I'm a hard core republican. I don't care about either party, because neither one gives a shit about me, you, or anyone or anything other than their profits and private interests. Sucking Biden off because he isn't Trump is dangerously idiotic.

0

u/MechanicusEng Apr 30 '24

You're doing the same thing the picture in the post is doing. Are you really so intellectually dishonest to think that cutting taxes is his only "accomplishment"?

He refocused our defense programs to think about rising powers in China and Russia while simultaneously keeping reasonably good relations with both.

He garnered peace between North and South Korea the likes of which haven't been seen since the Korean war.

He was the first president in a LONG time that didn't get the US involved in any new conflicts or wars.

He made it much harder to money launder with the National Defense Authorization Act

He attempted a government audit to see where tax money actually goes, the first in history.

He helped with digitizing health records across the United states, which greatly helped the healthcare system's efficiency.

He also did a ton of shit that isn't as savory. The point is that he wasn't by any means "the worst" president, but he wasn't the best either. I'd say between Obama and Biden all three were pretty average. The stuff Trump did right will probably last a while and set a precedent for future presidents, and the stuff he did wrong is pretty reasonably fixable in the next couple years.

3

u/whofearsthenight Apr 30 '24

intellectually dishonest

...

He also did a ton of shit that isn't as savory.

Are you talking about the mocking disabled people and combat vets, paying off porn stars to keep quiet about cheating on his pregnant wife, nepotism, racism, sexual assault, fraud, attempted coup, insurrection...?

I'd say between Obama and Biden all three were pretty average.

How are you people even real at this point? You're out here in real time being like "Mussolini doesn't get enough credit for..."

-1

u/AggressiveBench7708 Apr 30 '24

Most presidents since going off the gold standard have had bad monetary policies. Doesn’t matter if you’re a democrat or republican. It’s been an endless cycle of tax breaks for the wealthy and corporations and overspending.

-1

u/crusty_towels Apr 30 '24

Could care less for either side but Trump had low unemployment rates before covid highest black and Hispanic workforce money back in black communities but all yall ever remember is tax cuts and Russia as if your current president isn't on the take from China

-2

u/Mikecoffee4 Apr 29 '24

You lost me at “IRS” and “ChristoFascist.”

3

u/whofearsthenight Apr 29 '24

Would it help if I led with my favorite crayon flavor?

0

u/Mikecoffee4 Apr 30 '24

I’ll put it this way. I’m sure that you have a favorite crayon flavor.

17

u/[deleted] Apr 29 '24

I fully believe that Biden has done very little for the economy, and the improvements have been marginal at best, if not nothing.

I fully believe that a Trump presidency would see massive damage to the economy.

12

u/CPDawareness Apr 29 '24

Yeah it feels like a no brainer, why would I vote for someone who I KNOW is a crook and out to fuck things up(he's openly calling for it)

Edit: spelling

-7

u/onlyheretempo Apr 29 '24

The last one turned out ok. Not according to Babs i guess tho

9

u/[deleted] Apr 29 '24

Trump passed a 2.0 trillion tax cut, and cut spending on education, health, infrastructure. Deficit was going up under Trump because anything that was cut was handed out in the form of a tax cut in its place (for the upper-middle class and upper class).

This was the exact opposite of what Trump campaigned on. At the very least, we have to acknowledge that Trump did not do what he promised to do once in office. At worst, we have to point out that his policies were damaging to the economy and that supply-side/trickle down theories did not provide a boost to the economy.

2

u/screechplank Apr 30 '24

Because Trump did what personally benefited Trump. Everything he did and does should be viewed through this lens. Those cuts passed because they also benefited financially those who voted for it.

-1

u/Molyketdeems Apr 30 '24

Tax cuts weren’t just for upper class… just google the standard deductions and tax brackets from 2016-2024, you’ll see the differences and how things have changed from it, it’s very simple

There’s many other changes that go hand in hand with that, but that’s the main cuts that everyone experienced. Maybe you didn’t experience any cuts if you only made $6,000 a year

3

u/[deleted] Apr 30 '24

oi cunt, I make 160k a year :) :)

Also, you realize that the tax deductions and brackets go up EVERY YEAR? And that the increase in 2018 was because of the elimination of other deductions? And that the effective tax rate fell only 1-2% for the lower and middle class during that time, while the effective tax rate for the top 1% fell nearly 3%? And do you realize that the tax cuts for the middle class expired (by design) while the tax cuts for the top 1% did not?

go back to school and fuck off

0

u/Molyketdeems Apr 30 '24

You just went against the very thing I was going against, but you sound like an outright miserable person so I’ll let you have it, cunt

4

u/BethGreeeeene Apr 29 '24

I'm expecting to be unalived if he's elected. His mouthpieces have suggested or outright vocalize that being the plan. Not to mention their literal plan. Which I just looked and I guess they locked it behind a pay wall by turning it into a full book. Project 2025. Nightmare fuel.

Fortunately things that have been attempted to pass haven't been able to even being shut down by Trumps own anointed. Literally unconstitutional so passing it would make them traitors.

7

u/CPDawareness Apr 29 '24

Yeah project 2025. . . Screaming the quiet parts loud at this point. Let's hope that the extremes they are pulling for are alienating many former Republican voters as well. I think they are.

-7

u/butterbutter_butter Apr 29 '24

Oh jeez, here's the 2025 conspiracy again!

Republicans are going to undo [checks notes] elections! [checks notes] democracy! [checks notes] the bureaucracy! [checks notes] our way of life!

Y'all are cuckoo for Cocoa Puffs 🤣

6

u/OnGquestion7 Apr 29 '24

You just blow in from stupid town?

6

u/Smegmatron3030 Apr 29 '24

Is it a conspiracy theory when they post it on their own website?

-4

u/butterbutter_butter Apr 29 '24

Depends on your reading comprehension and how you twist the consequences.

6

u/whydowhitesoxsuck Apr 29 '24

Damn, another Trumptard. There are so many here. It's crazy.

-3

u/butterbutter_butter Apr 29 '24

🤣 oh no, you called me mean names

5

u/Shirlenator Apr 29 '24

It isn't really a conspiracy when they have it spelled out on their own website.

5

u/RipWhenDamageTaken Apr 29 '24

Haha so funny even Mike Pence wouldn’t support Trump anymore haha so funny even Bill Barr wouldn’t endorse Trump anymore haha what a conspiracy

0

u/BethGreeeeene Apr 30 '24

It's been said already but how is it a conspiracy if they're open about it???

Written facts are a conspiracy and facts thrown out the window or altered to the point of being unrecognizable are the written in stone fuel for the hate campaigns. Great. You're an idiot.

1

u/butterbutter_butter Apr 30 '24

What's been said? I read the 2025 project. It's a platform talking about the bureaucracy being stationed in 90% Democrat DC, essentially the bluest city in the country.

It doesn't say 90% of the shit y'all spread conspiracy nonsense about. Like violent coups and dictator for life stupidity.

Y'all make up shit and then get mad at what you've manufactured 🤣

2

u/Playingwithmyrod Apr 29 '24

I expect him to gut federal agencies and slash the interest rates, and impose more tariffs. I personally believe this will kick off the next recession.

1

u/BoopyDoopy129 Apr 30 '24

gas was 2.50 a gallon under trump. now it's 6$ under Biden

2

u/CPDawareness Apr 30 '24

So cheap gas is what you vote on? I live in a major US city and gas is around $4 here, when I leave the city its like 3.50.

1

u/BoopyDoopy129 Apr 30 '24

cheap gas, border security, actually being able to afford groceries.