The Trump Economy

[Rajoo]

Originally Posted by Dondilion

C'mon, man.
Now you sounding like Biden.

Anyhow, the Biden economy has a huge affordability issue and consequently a huge debt issue. Debt is pervasive. Credit card is now a whopping $1.17 trillion...a record. The consumer being maxed out has turned to Buy Now Pay Later. And this BNPL is now being applied to grocery!
Now what about National Debt?

But, but, but the Biden economy is doing better than others in nominal terms.
Well it has the reserve currency which gives it room to mask/mitigate the effects of its huge money printing machine. Plus Biden's admin is telling a number of important economies what they can and cannot trade.

Do you even realize that the First Trump era contributed to about 25% of our current national debt. And if you say Covid, Trump gets a pass while Biden does not?

Originally Posted by Dondilion

Unfortunately not much...just bluster and noise.

Yet Trump is good, Biden is bad because when it really comes down to it, can any president impact the economy significantly since the purse strings are controlled by the congress? They can do a few trade deals and hope for the best or levy tariffs which mostly backfire. But they always get the credit or the blame.