Quote:
Originally Posted by Tsmokies
And fucked it up after Bush left Obama/Biden the greatest recession since the depression. The putin/trump huggers will give putin/trump credit for the Obama/Biden economy of 2014 through early 2020. Now we are in the recession of putin/trump. Putin won the stupid Americans votes
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First, there is no such thing as a "Biden" or any other "VP" economy. Presidents make all the plans. VPs are along for the ride.
Obama fucked up the country by having an agonizingly slow recovery. All he did was print money - OOPS, I'm sorry, I meant "quantitative easing" - for 8 years.
The thing that Trump did differently - and that actually helped - was CUT regulations. I don't even think that the tax cut helped much. In fact, I think he should have raised taxes to try to cut the national debt if possible.
But in any event, the economy picked up speed and unemployment dropped for 3 straight years. It was as low as I can ever remember. And it was particularly good for blacks and Hispanics.
The current situation is entirely due to COVID, which is NOT the fault of Trump or any other US politician.
This country puts TOO MUCH faith in politicians. They are neither omniscient nor omnipotent.