Biden is going to fleece all of us to the tune of about $4 trillion.
Democrats fleece the filthy rich fleecers like Trump himself.
Trump fleeced you by being a Republican and by hoodwinking Trumpcultvoters into believing he produced the greatest economy ever before the pandemic and that he has no responsibility for what happened once the pandemic overwhelmed him.
Trump lied. His first three years on the economy were about the same as Obama’s last three. Except for the fleecing of the paycheck class when he indebted them all more to subsidize the wealthy to produce the great 5% GDP economy that never arrived and never was going to arrive.
His 2.6 GDP Three year average never became the ROI to pay for the tax cut stimulus that didnt work.
The tax cuts and 2.6 GDP result is the fleecing of the Trump sheep.
I won’t call any future fleecing of the Trump sheep fleecing / lets call it a fine, a penalty for them giving America the disaster of Trump in the first place.
By DON LEESTAFF WRITER
OCT. 27, 2020 2:32 PMWASHINGTON —
As the campaign enters the home stretch, President Trump’s main closing argument is that he deserves four more years because he oversaw “the greatest economy in the history of our country.”
But even looking at the three years before COVID-19 made a mess of things, the U.S. economy under Trump performed about the same as it had during the last three years under President Obama. On some economic measures, it was a little worse, on others a little better — but on the whole, not markedly different. And it was a far cry from the best ever.
Consider: Under Obama from 2014 to 2016, real gross domestic product — the broadest measure of economic activity — grew at an average annual rate of 2.5%. In Trump’s first three years, 2017 to 2019, real GDP expanded by an annual average of 2.6%, according to the Bureau of Economic Analysis.
In December 2017 , Trump had talked about GDP rocketing to “4, 5, and maybe even 6% or higher.” But despite his big corporate tax cut, GDP growth didn’t come close to reaching the average yearly gains of 4% in the 1990s and twice that in the early 1950s.
On Thursday the government will release the third-quarter GDP report, which is expected to show a strong recovery from the 31.4%
plunge in the prior quarter. Still, for the year as a whole, GDP is projected to fall close to 4% thanks to the pandemic, the sharpest drop in about 75 years.
On employment, the U.S. economy added 6.6 million jobs in Trump’s first three years, shy of the 8.1 million payroll gains in the last three years under Obama.