Trump takes credit for 'good parts' of economy, blames 'bad parts' on Biden
Trump takes credit for 'good parts' of economy, blames 'bad parts' on Biden
www.cnbc.com
Trump takes credit for 'good parts' of economy, blames 'bad parts' on Biden
67 comments
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Trump inherited a very healthy economy from Biden. The giant shitstorm that he has created is to blame for everything negative.
It's so extremely moronic that people voted for Trump because they thought he would fix inflation. 🙄
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joe rogan/shapiro/j peterson/tate/etc all had ahand in turning men/incels into rabid trump supporters. i know someone that was turned just this election as a trump supporters because he binges on UFC/ by extension alot of joe roegan podcasts.
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People act based on emotions, specifically feeling like they're part of the in-group. You know the old saying "Would you jump off a bridge if your friends all were jumping, too?" Well, the answer is clearly yes. Most people are stupid like that.
I mean, we all are sometimes. It's impossible to know and verify everything so we trust our friends. But for some people it's reached a toxic level of "vaccines are bad" and "banning books is good"
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Trump inherited a very healthy economy from Biden
:-/ He inherited a big stock number from Biden.
But the US economy has been losing steam since the turn of the century. First Enron/Worldcomm, then the Great Recession, then COVID... critical components of the industrial and service sector in the US have been falling apart for decades. Energy, housing, health care, manufacturing, education, agriculture, technology, news media... we've been watching them consolidate ownership and corrode in quality well before Trump or Biden.
It’s so extremely moronic that people voted for Trump
They've been brain blasted with stupid by mass media that's screamed fascist ideology every year of their lives. Trump is a symptom of a public that's been told to venerate wealth and celebrity. Democrats nominating an invalid who dropped out after the first debate certainly didn't help, either.
It's extremely moronic that the election system has been fully captured by crooks and frauds. But the only response ever seems to be "You should have voted for the other guy."
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Goddammit I'm tired of people equating the stock market, or even gdp with 'the economy'.
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Everything was going awesome under Biden. The economy was so great. Executives were making more than ever!
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It is not incorrect to say the economy was doing well, nor is it wrong to say individual purchasing power was not following. “The economy” is not, nor has it ever been, tied to wages. This is a problem, Trump is the opposite of a solution. It’s the equivalent of seeing a bank robbery and nuking the bank.
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That's a completely different matter, the economy was doing fine, but there was inflation in the aftermath of Covid, which was steadily improving.
Choosing a moron narcissist like Trump will only make it worse for average people, so what exactly is your point?
That you are better off with Trump. 🤣🤣🤣-
not to mention trumps lifelong obsession with using tariffs to solve his problems.
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The economy wasn't "doing fine" for more than half the population. Wages are still stagnant, and no one is proposing a solution to that, from either party.
Meanwhile the cost of living just keeps getting higher, which shows up on paper in the form of higher profits for the same companies that are no longer paying their employees enough to live.
We are accelerating towards a cliff. And all anyone is doing, is trying to take credit for how great everything is, while simultaneously blaming the other guy for everything that's wrong.
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Wages are still stagnant,
Wages were increasing more-quickly than inflation when Biden left office. We had a high rate of inflation, at which point inflation grew more quickly than wages, during the COVID-19 pandemic. That produces a decline in real wages. However, that relationship had reversed by the time Biden left office.
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The economy wasn't "doing fine" for more than half the population.
You and them are about to find out how good it was... it's about to fall off a cliff for most
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It has been, for a long time.
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The economy wasn't "doing fine" for more than half the population.
People who think like that are the reason Trump got elected.
the economy ≠ standard of living
The problem was purchasing power, wages, and inflation. People's standard of living was suffering, but the "economy" wasn't. Conflating the two is why Trump's stupid rhetoric resonated so much with the uneducated Magats that voted him in: they thought he was promising to fix their standard of living, while the reality was that he was promising to "fix" something that wasn't broken.
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Actually YOUR way of thinking is why Trump won the election.
The stock market =/= the economy
The reason why Dems lost on the economy, is because they don't understand this basic fact of reality. Telling people that everything is fine, when they can plainly see that it isn't, is a losing strategy.
The real economy of paychecks, groceries and rent payments IS broken. And until it gets fixed, we will have people like Trump winning elections. Even if it's all a lie...they are the only ones acknowledging that anything is wrong.
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You're making a very big leap in assuming I don't condemn the Democrats and their attempt to convince voters everything is fine.
They're a party led by geriatric, upper-class rulers. No shit, their doubling down on "the economy is fine" didn't work—they don't understand or care to understand what the people want. All they care about is what their corporate donors pay them to care about.
The failings of the Democrat Party don't absolve rural conservatives and undereducated voters of their part in this, though. The literal definition of economy is the wealth and resources of a country as a whole. The economy was doing fine because we had our lovely billionaires and mega corporations consolidating all the wealth and skewing that number while the average person was under growing financial pressure.
The problem was—and still is—the wealth disparity. We have multimillionaires and billionaires absorbing more and more money from the 99% while paying a pittance back towards helping the people they're screwing. They get to dodge taxes by reinvesting their profits into assets they own, hoard resources, and act with impunity.
A voter base that took the time to understand what they were asking for would have seen straight through Trump's sensationalist bullshit, not barreled straight into it. It should have been obvious that he wasn't going to fix wealth disparity. He associates himself with the billionaires, he sees himself as one of them, and he wants to keep it that way. He doesn't give a single shit about wealth disparity, let alone ever acknowledge it as the problem. Instead, he won his campaign on vague promises about a word that means something completely different to every Tom, Dick, and Harry that cast their ballot for him.
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The economy wasn’t “doing fine” for more than half the population.
Actually yes it was, there was inflation after covid, but that was steadily getting better.
Criticizing the ones that do better is not constructive, that just makes you sound like a fanatic MAGA Trump supporter.
Obviously things are way worse under Trump, and you have to buy only 2 dolls now! If you can't see how that moron is malignant IDK what to tell.If you want more left wing politicians to succeed, the only option at elections right now is to support democrats, and push for more left wing candidates.
It's extremely tiresome to hear the constant whining about how Biden wasn't good enough, when he obviously was the better option at the time. Don't blame Biden, blame the ignorant people who voted against their own interests to hurt others, like immigrants, lgbt, colored people and pregnant women. What they forget is that they become victims too, because Trump is also going after the poor and working class.
You are either working for Putin, or you are working against your own interests with posts like the response you made to the fact that Biden delivered a very healthy economy to Trump.
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You don't seem to understand that inflation didn't reverse...it just slowed back down to normal levels. Anything new who didn't get raises equivalent to that inflation, now effectively earns less than they did three years ago. And inflation is still rising, just not as fast.
You have to catch up with those excessive rates in order to have the same level of purchasing power as you did before they went up.
The fact that you're accusing me of "working for Putin" just for pointing out basic economics, is really bizarre. I'm curious to know why you think those things are related.
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companies that are no longer paying their employees enough to live.
I just find another job with higher pay, I don't expect or beg my current employer to pay me more. I move elsewhere if they don't pay me enough. It is just business, nothing personal.
If my employer is not paying me what I can get elsewhere, including the rest of the world, I see that my boss is either cheating me or is incompetent. So I start interviewing new bosses and fire current boss as soon as I find a competent one.
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Ok, so is it just that you don't understand how inflation works? If we just expect to "get a better paying job" without raising wages along with inflation, then we'd all be earning the same as people did a century ago, while the cost of everything would still go up.
Can you imagine how hard it would be, to afford things today, if you still only earned 25 cents a day? Yeah. We're heading in that direction. Either wages keep pace with progress, or a very large portion of the population is going to rebel.
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I don't have any expectations, nor do I care if I understand inflation. If i get a higher paying job, i will be ahead of the inflation.
End of the day, my purchasing power must remain the same or increase. So I just find a higher paying job, that accept my higher expected salary, fire my current boss, and move to the new job. It is not rocket science. It is just business, nothing personal.
In fact the moment I start any job i start looking for the next one. In this way I am always trying to upgrade my skill so that I can get the next job.
Don't be loyal to your boss because they will never be loyal to you.
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hcol does not equal how well the economy is doing, is due to much different factors.
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The economy was indeed going great by most measures. And donvict monkeywrenched almost on day one.
I know it's fashionable among a certain set of people to proclaim everything is awful no matter who is running the country but....it is just not factual.
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Poverty is through the roof and the working class is struggling to meet ends.
One of the main reasons Democrats lost was pretending the economy is fine. At least Trump put in the effort to lie about fixing it.
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Yep, inequality was up, cost of living was down. The economy was doing fine. What the democrats failed to see is that generally when the economy is doing well, the rising tide lifts all boats. In this instance, with post Covid inflation, the economy was not lifting all boats. It was making the asset rich wealthier while making day to day living harder for all that work for a living.
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No one was pretending; we can all see the same data. Saying the economy was terrible under Biden is just not being realistic.
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It was. It is worse under Trump but it was already terrible.
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True, if very healthy means that the rate of decline for working class Americans was going down. Until that gets aggressively reversed, get ready for more and worse fascists every other election cycle. (For as long as free elections exist.)
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You are confusing the issue by bringing another issue into it.
That working class is doing worse is another matter, and something that clearly already is getting worse under Trump.
Harris would have been better for working class in every way. And would have been a better platform for promoting more left wing politicians than letting Republicans win.You are arguing a very strange point, to a degree it's basically nonsensical.
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I'm not comparing Biden to Trump. That is just too easy and kind of masturbatory. Yes, I agree Biden was better than Trump, and Harris would be too. The world is more complicated than "red bad, blue good". The important question is, when Trump is worse, why is he president?
Democrats can continue to be better than Republicans in every way, and it won't matter. Republicans have a narrative and Democrats don't. That is the point that matters.
I knew with absolute certainty that Biden would be a one term president and be replaced by a far worse fascist. I didn't know it would be Trump v2, and I didn't know Biden would far exceed expectations, but I knew he wasn't what we needed to turn off that path.
Democrats can't keep repeating the same mistakes and getting surprised by the results.
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I don't see how that is relevant to the fact that Trump inherited a sound economy?
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You claim the economy has nothing to do with the standard of living, inflation, or wages yet keep harping on about "how good the economy" was as if that means anything to anyone outside the top 1%. Why?
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It's relevant to why it didn't matter.
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67 comments