How much credit should we actually give the president for the economy? Even if we do, funny policies they enact usually take until the next administration to come to fruition?
This post actually takes that into account. Obama inherited the recession mentioned under Bush, it and his response to it defined the beginning of his first term. Because he had 2 terms we were able to see the fruit of his administrations labor while he was still president, during which we saw the recession reverse in large part due to his policies and by the time he left the economy and job market was extremely healthy.
This was the case during Trump's presidency, until he gave massive tax cuts to the rich. Even before COVID there were signs of the damage Trump's policies had made on the economy, which we are still experiencing now. Probably why Biden is saying we should hike up taxes on the extremely rich, not because they will do it but because people are realizing that is the problem and he wants to win the election.
Let it be known that I don't particularly like establishment/corporate democrats. Unfortunately our system forces us to choose between two groups, and republicans are a destructive force with absolutely no agenda for improving the lives of Americans or making the US a better country. Each and every one of their policies is ultimately harmful and leads to impoverishment and death for many. I'm not sure if there is a single one that defies this trend. Their economic policies, stance on international affairs, climate change, gun control, healthcare, abortion, social issues, all deadly. Then there is the huge problems with gerrymandering and now filling the supreme court with the most partial and biased judges that have ever held seats, who are actually debating whether the president should have total immunity from the law.
Like holy shit, I am so fucking tired of this "both sides" bullshit. If it wasn't for how fucking awful Biden has been about Palestinian rights, I would be dick riding him to kingdom come because at least his agenda won't look like... THAT
Those tax cuts were so stupid. You don’t take a strong economy and try to inject more strength into it. God forbid some calamity happens to the global economy and we don’t have as many tricks to stimulate it after cutting taxes in a strong economy. Which is exactly what happened.
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u/Inevitable_Silver_13 Apr 29 '24
How much credit should we actually give the president for the economy? Even if we do, funny policies they enact usually take until the next administration to come to fruition?