schmidlap
Platinum Member
- Oct 30, 2020
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The Blowhard
The international trade deficit Trump promised to reduce went up. The U.S. trade deficit in goods and services in 2020 was the highest since 2008 and increased 40.5% from 2016.
By the end of 2020, the number of people lacking health insurance had risen by 3 million, a far cry from Trump's campaign vow to cover "everybody!" under a plan that would cost less and be "terrific!"
Under Trumpery,
The federal debt held by the public went up, from $14.4 trillion to $21.6 trillion.
Illegal immigration increased. Apprehensions at the Southwest border rose 14.7% in 2020 compared with 2016.
Despite Trump braying that he would revive coal mining, under his regime, coal production declined 26.5%, and coal-mining jobs dropped by 16.7%.
Yes, the Biden Administration still has much to do.
The American People awarded him two more years to do it.
... pledged to fix U.S. infrastructure ... He vowed to take on China and bulk up American manufacturing. He said he would reduce the budget deficit and make the wealthy pay their fair share of taxes.
Yet after two years as president, it's Joe Biden who is acting on those promises...
Americans are already seeing the upside with announcements for new computer chip plants and some 6,000 infrastructure projects under way.
“There’s an industrial strategy that actually uses public investments to drive more private capital and more innovation in the historical tradition of everybody from Alexander Hamilton to Abraham Lincoln to John F. Kennedy,” said Brian Deese, director of the White House National Economic Council. “The outcomes speak for themselves.”
... one of Biden's first moves as president in 2021 was to provide $1,400 in direct payments to Americans as part of his coronavirus relief package. Along with the $600 in payments in a pre-Biden relief package, the sum matched the $2,000 that Trump called for in the twilight of his presidency, though he could not get it through Congress.
“What President Biden has done is taken the campaign agenda that he campaigned on and actually delivered on it.”...
Trump's ... promised growth never materialized. Manufacturers began to slash jobs in 2019 before the coronavirus spread, instead of the steady resurgence promised by Trump. Annual budget deficits worsened under Trump, but they have improved under Biden as pandemic aid has wound down...
[Biden's] $52 billion for computer chip production has led to a series of factory groundbreakings in Arizona, Idaho, New York, North Carolina, Ohio and Texas that will take years to complete. The idea is that government aid reduces risk and makes it easier for these companies to invest in areas where global demand exceed available supplies...
[M]anufacturing has improved under Biden as factory employment totals 12.9 million jobs, the most since December 2008. Just as Biden has boosted domestic investment, he also expanded the Trump administration’s efforts to compete with China and kept his predecessor's tariffs.
The Biden administration has restricted the export of advanced computer chips and semiconductor equipment, arguing on national security grounds that China is using this technology for surveillance and hypersonic missiles. It's also formed deeper partnerships with Australia, Japan, South Korea and several European countries to counter China's rising influence.
Under Trump, the economy lost 2.9 million jobs. The unemployment rate increased by 1.6 percentage points to 6.3%. (Biden has now lowered it to 3.7%.)The international trade deficit Trump promised to reduce went up. The U.S. trade deficit in goods and services in 2020 was the highest since 2008 and increased 40.5% from 2016.
By the end of 2020, the number of people lacking health insurance had risen by 3 million, a far cry from Trump's campaign vow to cover "everybody!" under a plan that would cost less and be "terrific!"
Under Trumpery,
The federal debt held by the public went up, from $14.4 trillion to $21.6 trillion.
Illegal immigration increased. Apprehensions at the Southwest border rose 14.7% in 2020 compared with 2016.
Despite Trump braying that he would revive coal mining, under his regime, coal production declined 26.5%, and coal-mining jobs dropped by 16.7%.
Yes, the Biden Administration still has much to do.
The American People awarded him two more years to do it.