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Elections 2024 / Re: Report: Trump and DeSantis Meet in Miami, Talk Fundraising
« Last post by LMAO on Today at 08:46:58 pm »On the contrary, it was his supporters that were in a coma. And even worse, some of the stuff he’s proposing now.
His so-called fantastic economy, for example, wasn’t as fantastic as his supporters like to pretend. It was good. But it wasn’t “historic”
https://finance.yahoo.com/news/gdp-growth-under-trump-compares-121008953.html
In his first four years in office, Trump has had by far the lowest average U.S. GDP growth rate of any of the last seven U.S. presidents.
Overall, U.S. GDP growth was highest under Clinton and Reagan in this group. GDP growth was lowest under Trump and Obama.
And(pre pandemic)
https://www.nbcnews.com/politics/meet-the-press/half-million-fewer-jobs-revisions-hit-trump-economy-n1046156
But recent headlines and new sets of data are raising questions about exactly where the economy is heading as 2020 approaches. Increasingly it looks like the president’s stabilizer is headed for some bumpy times.
To start with, it appears some of the nation’s good economic times have not been as good as we thought they were.
Now he’s proposing more policies that many agree inflationary but the debate is by how much. From Larry Summers, who also accurately predicted Bidenflation would not be transitory
https://thehill.com/homenews/campaign/4601150-summers-trump-term-inflationary-spiral/amp/
Summers explained that Trump’s populist economic policy could also infringe on the Federal Reserve’s independence, risking higher inflation and leading to high spending.
“Look, there’s a model for populism. It’s the way that the way most countries in Latin America have been run most of the time since the Second World War,” he said. “And to put it mildly, it hasn’t been conspicuously economically successful.”
He warned Trump’s policies could lead to hyperinflation, comparing the situation to 1950s Argentina — an economic collapse that led to social unrest.
Although watching the MSNBC commenters having a meltdown on election night should Trump win would be entertaining, the short term rush would quickly wear off should Trump get his way economically. Then that would ensure that a Democrat would get elected in 2028 and that person could get a potential eight years. I maintained at the time that if the housing market didn’t crash and take the economy with it at the time it did, Obama wouldn’t have been elected
Choosing not to vote for anyone at the top of the ticket this year isn’t an emotional exercise for some of us. There are some real red flags when it comes to Trump. The argument can’t simply be “Biden sucks” because we all know that.
In order for me to even remotely reconsider, Trump would have to change course and adopt a policy of economic libertarianism combined with fiscal conservatism. So far, I see neither
So far, not one Trumper has disputed any of these points or links
Further evidence of how bad our choices are this year. I, like Larry Summers, agree that a second Trump term will be similar to any South American populist
MAGA reminds me a lot of the socialists. Socialist believe that they can dodge the laws of economics if the right people run it
