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February 14, 2024

Donald Trump’s Accomplishments vs. Joe Biden’s Accomplishments

Filed under: Politics,Uncategorized — admin @ 1:47 pm

During Trump’s 4 years in the White House he continually attacked members of NATO claiming they weren’t paying their dues. There are no dues for NATO members. It is not a country club. However, there is a requirement that each member assigns at least 2% of its national budget to defense. Most countries have met this requirement. He tried to repeal and replace the Affordable Health Care Act, even though there never was a replacement. He failed! Every other week was infrastructure week. It never happened. He wanted to build a wall on the southern border which Mexico was supposed to pay for. Although he did build about 50 miles of fencing along a 2,000 mile border, Mexico never paid for it. The idea is asinine as most illegals simply wade across the Rio Grande. He did manage to sign a huge tax cut for the wealthy into law which contributed to a huge increase in the national debt of $7.8 trillion during his 4 years in office. He also managed to discreetly raise taxes on everyone by instituting tariffs on all imported goods. He agreed to an illogical pull out of U. S. troops from Afghanistan, and left President Biden with a huge problem. He pulled out of the Iran nuclear deal which further radicalized the Iranian government. He pulled out of the Paris climate accord. He watched helplessly as a pandemic killed millions of Americans only suggesting that they drink bleach as a remedy. Members of his medical advisory board cringed at the suggestion. People were disgusted to find that Trump was having children even babies separated from their mothers at the border many of whom have never been reunited.

On the other hand, in his first 3 years in office, President Joe Biden:

  1. Ordered an additional 200 million doses of COVID-19 vaccine. Signed $1.9 trillion American Rescue Plan $1,400 per person checks.
  2. Increases to the Child Tax Credit, Earned-Income Tax Credit $300 extended unemployment insurance.
  3. Lower health insurance premiums for lower- and middle-income families enrolled in health insurance marketplaces Canceled $1.5 billion in student debt
  4. Ended the War in Afghanistan
  5. Bipartisan Infrastructure Investment and Jobs Act
  6. U.S. gross domestic product grew at 5.7 percent for the year
  7. Signed the Reauthorization of the Violence Against Women Act (VAWA)
  8. Led a massive international response to Vladimir Putin’s invasion of Ukraine.
  9. Signed the first major gun safety legislation
  10. Unemployment falls to 3.4 percent
  11. Signed the CHIPS and Science Act into law
  12. Signed ratification documents approving NATO membership for Finland and Sweden, strengthening the NATO alliance
  13. Signed PACT Act strengthening health care and benefits for America’s veterans and their survivors.
  14. Signed the Inflation Reduction Act into law.
  15. Under Biden’s executive order, hearing aids became available over the counter
  16. Signed legislation to avoid a potentially catastrophic rail strike
  17. Approved a deal to bring WNBA star Brittney Griner home
  18. Signed the Respect for Marriage Act
  19. Ended the pandemic
  20. Marched on the picket lines with striking auto workers
  21. Help end the auto workers strike
  22. Reduced pandemic cause supply chain inflation without causing a recession.
  23. Strengthened NATO and prosecuted a war against Russian aggression in Ukraine without putting American troops in harms way.
  24. Supported Israel after Hamas’ Palestinian invasion of Israel while trying to reign in Netanyahu.

Under the Liberal Democratic order of the past 90 years America has become the shining beacon of hope for most people and countries in this world trying to escape political oppression by right wing dictators. America has boasted the best economy and by far the strongest military in the world, but now, led by the Nazi Donald Trump, many Republicans are trying to destroy American Democracy and make Donald Trump their new dictator. We must never allow this to happen.

February 5, 2024

Donald Trump’s Great Economy

Filed under: Politics — admin @ 2:53 pm

Everyone knows that Donald Trump had a great economy. How do we know that? Because he told us that on Twitter, and later on Truth Social. One recent survey found that voters prefer Trump over Biden on the economy by 59 percent to 37 percent. Unfortunately, the Trump economy was far from great. Here is a list of GDP growth over the past half century:

Jimmy Carter 3.25%
Ronald Reagan 3.48%
George H. W. Bush 2.25%
Bill Clinton 3.88%
George W. Bush 2.2%
Barack Obama 1.62%
Donald Trump 0.95%

As you can clearly see Donald Trump only finishes in a meager 7th place well behind even President Jimmy Carter. This was even before Covid. Even if we give Trump a mulligan for Covid we still find that the economy under Trump grew at a meager 2.8% a rate still 18% slower than under President Biden.

Another measure of economic growth is private sector business investment. Since January 2021 the rate of investment has increased by 5.4% or twice the rate of Trump’s business investment of 2.7%. Even before Covid Biden’s numbers out perform Trump’s numbers. Apparently the very same consumers who give Trump a large lead in consumer sentiment polls have found the Biden economy more to their liking out spending Trump by 4.5% to 2%.

When it comes to job creation, President Biden has created over 14.3 million jobs over 3 years while Trump’s economy lost 2.7 million jobs. The worst record since Herbert Hoover. Under Biden Black unemployment is at its lowest point since 1970. “Under Biden, the monthly jobless rate in 2022 and 2023 averaged 3.6 percent versus nearly 4.0 percent under Trump from January 2017 to February 2020. Trump boasts about low Black unemployment, and Biden beats him here, too: Under Trump from January 2017 to February 2020, Black unemployment averaged 6.5 percent compared to 5.8 percent under Biden from January 2022 to December 2023. Ditto for Hispanics: Their unemployment rate averaged 4.3 percent in 2022 and 2023 versus 4.5 percent from January 2017 to February 2020.”–Washington Monthly.

New business creation under President Biden has outpaced Trump’s numbers 444,000 per month as opposed to 365,000 per month for Trump. In this case the pandemic actually helped inflate the numbers for Trump.

While it seems that most people have given Trump a mulligan for Covid, they hold Biden responsible for high inflation mostly caused by supply chain interruptions caused by the pandemic. As a result Trump comes in with an inflation rate of 2.1% as opposed to Biden’s 5.4% even though inflation has dropped to 2.1% in 2023. Republicans like to blame Biden’s $750 billion Covid aid package as the main cause of inflation, while overlooking Trump’s $2 trillion aid package as for some reason not being inflationary. Of course they always ignore the most inflationary agent of all that being Trump’s tariffs.

Another inflationary driving force was the cost of a barrel of oil, and over this the president has little control. Due to economic losses the Saudi government decided to restrict the production of oil which contributed to an increase in the price of oil from a low of $38.22 per barrel in 2020 to $59.78 in the first half of 2021, $70.95 in the second half of the year, and finally to $98.75 in early 2022. Nothing is more inflationary than the price of oil since almost everyone drives, and they are made aware of inflation every time they pass a gas station. Finally in 2023 the price of oil dropped to $70.36 per barrel.

I am quite sure you will hear the chant drill baby drill by the do nothing Republicans during the 2024 campaign, but it most be noted, shhh, that under President Biden America has become the number 1 oil producer in the world. Never before has oil production been as high as it has been under President Joe Biden.

Under President Joe Biden the national debt has grown by $1.84 trillion during his first 2 years in office. Under Donald Trump the national debt grew a whopping $8.2 trillion in 4 years. Democrats usually pay for their spending while Republicans add their expenditures to our credit card. Then when a Democrat gets into office all they do is whine about the national debt, and how it is strangling our economy as if it is the fault of the Democrats.

While influenced by right wing media the public likes to blame Biden for inflation, the fact is that he tamed inflation by gradually raising interest rates to slow economic investment. The plan has worked like a charm, and inflation is now down under 3%, and going down. Even Lawrence Kudlow, and Steve Forbes, hardly progressives, have given Biden high marks for his economy. “President Biden’s record not only eclipses Donald Trump’s, but when policy made a difference—on growth, employment, investment, and inflation—Biden stepped up and improved our economic conditions. Those are the facts.”–Washington Monthly.

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