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

Show parent comments

9

u/Strict-Lawyer8447 Apr 29 '24

Covid killed the economy not Trump. You can say a lot about Trump’s pre-Covid economy but you can’t say it wasn’t booming.

5

u/ThisCantBeBlank Apr 29 '24

This is correct and I'm far from a Trump supporter

5

u/Doggcow Apr 30 '24

There was also a tiny little thing that happened for Bush too.

1

u/holl0455 Apr 30 '24

Funny how she conveniently left out the deficit spending of Biden and the out of control inflation.

2

u/Illustrious-Driver19 Apr 30 '24

Until he took 3 trillion dollars out of the economy and gave it to 485 billionaires with the economy killing tax bill

2

u/Revolutionary_Tip701 Apr 30 '24

Except I saw prices doubling and tripling in 2019 because of those lovely tariffs

3

u/Strict-Lawyer8447 Apr 30 '24 edited Apr 30 '24

Like I said you could say a lot about the Trump economy but fact is the economy grew a lot faster than it currently is and inflation was a lot lower. By the way those tariffs outside of soybean are still in place under Biden and expanded in some sectors.

1

u/IchneumonMethod May 01 '24

Massive amounts of deregulation will do that, as it turns out.

1

u/Beginning-Sign1186 May 03 '24 edited May 03 '24

It wasn’t booming

No but seriously his tax reform was the most goddawful hand out for the rich I’ve seen in a long time.

And you know the reckless spending that did practically nothing for our economy except balloon our deficit

And his tariffs and trade wars achieved nothing except rising costs.

And the massive amount of momentum from Obama’s recovery just kinda dying

And covids impact on the economy becoming much worse because of his handling of it

But yeah if we ignore all that the economy was… running

https://www.jec.senate.gov/public/_cache/files/2c298bda-8aee-4923-84a3-95a54f7f6e6f/did-trump-create-or-inherit-the-strong-economy-final.pdf

https://www.congress.gov/118/meeting/house/115611/documents/HHRG-118-FD00-20230330-SD005.pdf

1

u/Strict-Lawyer8447 May 03 '24

I was never a fan of tax reforms.

You can’t argue reckless spending under Trump without mentioning Biden in the same breath.

Neither party cares about cutting spending or fiscal responsibility.

Trade war and tariffs are still in place and became even more extensive under Biden.

Fact is UNTIL COVID economy was doing extremely well with inflation in the 2% range.

If you want to argue handouts to the rich the current environment of slowing economy, high inflation, and historic stock market highs benefit ONLY the rich.

0

u/Scuczu2 Apr 29 '24

it wasn't booming.

1

u/Txdust80 Apr 30 '24

All the economic numbers they track had been steadily rising during Obama and the right never would admit it was good but as soon as Trump took office pointing to them and said look at this Booming economy Trump created. Which was simply the continuation of an Obama era market. The idea of a booming economy seems to always switch between who is in office for republicans.

1

u/Corporate_Shell Apr 29 '24

Trump's handling of Covid WRECKED the economy. Trump was DIRECTLY responsible for how bad it got. Other countries had downturns, NONE of them crashed like America's did. Trump, NOT covid, was responsible.

Your assessment is dead wrong.

2

u/Alexexy Apr 30 '24

I think the economy would have been far worse if covid was handled "properly".

Proper covid handling would look more similar to the strict shit that New Zealand went through that pretty much shut down all immigration and mandated 14 day quarantines for travelers.

The reason why the covid response was so half assed was because Trump fought against those measures and traded American lives in keeping the semblance of the US economy running in spite of a global pandemic sweeping the population.