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Biden's non payment of taxes.......
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(09-30-2020, 08:12 PM)rollerjag Wrote: There was more employment and gdp growth in the last three years of Obama's presidency than Trump's first three years. Trump slowed down a vibrant economy. Obama came in at 6.8% in November, 2008 to a high of 10% in November, 2009. It didn’t fall below 6.8% until November, 2013. When Trump came into office, it was slightly above where it was before the 2008 recession. Obama saw a 30% drop in unemployment versus Trump’s 26%. Considering Trump wasn’t in a recession, I find it a bigger accomplishment to drop unemployment 26% in a “good” economy versus 30% in a “bad” one. Obama average 1.57% GDP. Trump averages 2.57% (I don’t have this year’s number). Despite improving upon aspects of the economy Obama claimed couldn’t be improved upon (manufacturing; those jobs “are not going to come back”), I can’t imagine how anyone could look at this economy and credit Obama. Trump is rolling back regulations, adding incentives, and cutting taxes… In order for Obama to get credit for this economy, you’d have to admit that those tax cuts worked or didn’t have an effect on the economy. This pandemic will most certainly be held against Trump’s economy, but let’s not forget that he’s advocating for opening it up while the other side wants the economy shut down indefinitely. The only way Obama outperforms Trump is percentages of improvement. Considering he supposedly inherited a recession, improving upon the bottom is hardly the most important number to use. |
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