Black people getting a job is Trumps doing? LMAO.. I'd say it was black folks taking responsibility for their own lives. When the economy is on the rebound (as it was BEFORE Trump took office, the unemployment rates always go down.
The president, any president has very little to do with the economy. All they can really do is make it worse. As we seen just after Trump left office when the inflation rates started to climb. It takes about 1.5 years before any new presidents policies start showing up in the economy. And even then, it's very minimal.
They borrow a ton of money, dump it into the economy and things look good for a while. But all that new money devalues the existing currency, and KA F'n BOOM, here comes inflation to counter all that currency devaluation.
It's the same thing presidents have been doing since Reagan. Which I might add, is when the national debt started skyrocketing.
Obama also inherited what Biden inherited. The ONLY reason Trump didn't have to fix what he messed up, was because he was a 1 term president. The economic bust was coming, no matter who was the president.
Obama's policies weren't any better than W's. It was just the timing of when the bills come due for all the borrowing and spending he did.
Who ever comes after Captian Dementia (Biden) is going to have to deal with the same economic down turn as Biden himself has had to. Because Biden is about on track with all of Trumps spending.
Trump; "We're going to balance the budget in 4 years." He didn't even try. He, Ryan and Pelosi went on a shopping spree so big, they had to eliminate the debt ceiling for two years, just to hide the receipts.
Agreed. Obama sucked. Biden sucks. Trump was just as bad. But he had timing on his hands and was dishing out TRILLIONS to folks. People love their government checks. Including the multi billion $$$ corporations who got a lot of that money.
Obama was bad. That's why I didn't vote for him either time.
Again, Trump just got lucky to get elected when the economy was recovering. Had he stopped the printing presses and not borrowed so much, inflation under Biden wouldn't have been as high.
Like I said, it takes about 1.5 years for any new presidents policies to show up in the economy. But the biggest part of an economy's correction, comes from the free market. Shopper and businesses adapting. Businesses lay off employee's until the demand for their products go back up, Then they start hiring again. This circulates even more money into the economy. And slowly, things get better.
We all just have to get used to our dollars not going as far, because all that new money the government dumps into the economy, makes existing currency worth less.
I feel I've been very clear on this. This is economics 101.