The comparison between Biden and Trump regarding their impact on the US economy is highly debated and often depends on one’s political perspective. Trump focused on tax cuts for corporations and the wealthy, deregulation, and trade protectionism, which supporters claim spurred economic growth and lowered unemployment rates pre-pandemic. On the other hand, Biden emphasizes infrastructure investment, green energy, and increased taxation on the wealthy, which proponents argue will (and have) lead to sustainable growth and reduced inequality. Ultimately, the effectiveness of their policies can be evaluated based on long-term economic outcomes and differing metrics of success.
The experts have weighed in based on their proposals for the next 4 years and Biden’s policies and proposals look to create a better economic future than the failed and fraudulent con man Trump .
Furthermore, 16 Nobel laureate economists have endorsed Biden’s policies stating that Trump’s policies would drive inflation and trigger a recession, not just for the US but for a good portion of the world.
But what about long term national debt? It’s well proven that national debt wasn’t a problem until Ronald Reagan ushered in the era of “trickle down” economics. Republican administrations since are responsible for a larger portion of our national debt than Democratic administrations due to their “no tax and spend” ideology. Trump ran up national debt twice as fast as Biden, and while Biden needs to focus on bringing the debt down, Trump’s plans will continue his reckless, unnecessary tax cuts and drive the debt soaring.
Yes, everyday expenses are higher now than they were pre-pandemic. It may not feel that the economy is doing well. But if you feel that way now, just wait until Trump’s proposed tariffs increase your annual household costs $1700-$2350. Talk about inflation! Don’t believe me? Well then you should read the Wall Street Journal, ya know, that leftist liberal rag owned by Rupert Murdoch’s News Corp
So, if you think Trump would be a better shepherd of our economic future, you need to look at the data, listen to the experts, and seriously rethink your position.
Such an excellent review, if I say so myself. Well, in fact I did since I wrote it. This of course, just to see how comments are displayed.