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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.

January 31, 2024

The Presidency is All About Judgment

Filed under: Politics — Tags: , , , — admin @ 7:48 pm

When you vote for president you are deciding whether or not you trust that person’s judgment. Yet, there exists a whole block of voters in America who are willing to accept the judgment of an adjudicated rapist over that of a proven statesman. “On June 21, 2019, E. Jean Carroll published an article in New York magazine which stated that Donald Trump had sexually assaulted her in late 1995 or early 1996 in the Bergdorf Goodman department store in New York City. . . .“Carroll said that on her way out of the store she ran into Trump and he asked for help buying a gift for a woman. After she suggested a handbag or a hat, the two reputedly moved on to the lingerie section and joked about the other trying some on. Carroll said they ended up in a dressing room together, the door of which was shut, and Trump forcefully kissed her, pulled down her tights and raped her before she was able to escape. She stated that the alleged incident lasted less than three minutes, during which time there was no sales attendant present in the department.”—Wikipedia. While president Trump tried to have his case defended by the DOJ instead of a private law firm. The request was denied.

“On April 21, 2023, the Second Circuit Appeals Court said it should not be responsible for deciding the question of whether Trump had acted within the scope of his role as president when he made public comments about Carroll, and it remanded the issue to the U.S. District Court for Judge Kaplan to decide. In July, the DOJ recanted its position that Trump was acting in his official capacity.“–Wikipedia. In October of 12022 Trump posted on his social media site Truth Social claiming that Ms. Carroll’s claims were a complete con job, and that he didn’t even know who that woman was. Ms. Carroll then sued for defamation, and was awarded $5.5 million by a jury of his and her peers. But, Trump could not let it go. Instead he authored a barrage of tweets on his Truth Social website claiming that Ms. Carroll was a fraud, and a liar. She sued again, and in January of 2024 a jury of his and her peers awarded Ms. Carroll $83.3 million in compensatory damages.

During the trial Trump tweeted a total of 42 times defaming her again, and again, then near the end of the trial he stormed out of the courtroom. This obviously influenced the jurors who would be deciding the amount of the damages to be paid to Ms. Carroll. This is the man that Republicans want back in the White House. A man who only thinks of himself, and allows his penis to think for him. He has also been alleged to have raped at least 2 other women. This is a narcissistic sociopath who was more concerned with his economy during the pandemic than he was with the health and well being of the American people. This is a man too vain to wear a mask, or to suggest that people get vaccinated. This is a man who suggested that people drink bleach as a remedy for Covid. This is a man who stole confidential nuclear documents, and would not return them when asked. This is a man who was rooting for the Stock Market to crash in order to help him get reelected. This is a man who was running on border security, yet when the Senate got bipartisan support for a bill that many GOP senators considered the toughest border bill they could imagine told House Speaker Mike Johnson not to even bring it to the floor for a vote since he didn’t want to give President Biden yet another victory.

This bill was being fashioned by the senate with the cooperation of Homeland Security Secretary Alejandro N. Mayorkas, while in the do nothing Republican controlled House Mayorkas was being impeached for failing to comply with House subpoenas by a bunch of subpoena dodging Republicans like Jim Jordan, and Scott Perry. Oh, the hypocrisy! Is this the man, who most Republicans still support, the person we want back in the White House making decisions that would effect the security, and financial well being of the nation?

January 23, 2024

Border Security

Filed under: Politics — admin @ 2:42 am

When Joe Biden took office in January 2021 he attempted to ease pandemic restrictions imposed by the Trump administration. The steps included plans to boost refugee admissions, while preserving deportation relief for unauthorized immigrants who came to the U.S. as children and not enforcing the “public charge” rule that denies green cards to immigrants who might use public benefits like Medicaid. They also intended to make it easier to obtain a green card. However, Biden failed to get legislation passed, and this has become the biggest headache of his presidency, a fact not lost on Fox news and the MAGA right.

Recently the Senate has passed bipartisan legislation which deals with the border, a bill touted as the best possible solution by many Republicans, yet House Speaker Mike Johnson does not even want to let it come to the floor since his lord and master Donald J. Trump does not want Pres. Joe Biden to have yet another legislative victory before the 2024 presidential election.

On Monday, Jan. 21, the Supreme Court upheld the right of the Federal Government to dismantle a razor wire barrier in the middle of the Rio Grande river constructed under the order of Texas Republican Gov. Greg Abbott Texas. The vote was 5-4 with Amy Coney Barrett and Chief Justice John Roberts joining the Liberal minority. “The Supreme Court’s temporary order allows Biden to continue his illegal effort to aid the foreign invasion of America,” Paxton said in a statement. Andrew Mahaleris, a spokesperson for Abbott, said in a statement. “This case is ongoing, and Governor Abbott will continue fighting to defend Texas’ property and its constitutional authority to secure the border.” Although it is unclear as to what is meant by ongoing since the Supreme court has final say.

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