Play Nice 45th President of the United States: Donald Trump - Part 15: "Like a miracle, it will disappear."

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ShanDog

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Pretty damning, isn't it, and still they insist on imposing their way of life on the rest of the world as much as they can.
As far as empires go, it's not a bad one. Better than paying tribute to a 21C version of the middle kingdom, though many may disagree. Unfortunately as things are turning out, they may be our only options.
 

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He is 74, where the hell does he find the energy to campaign like he does. Love him or hate him you have to in awe of his energy levels.
He’s got energy left over from not doing the things he’s meant to be doing, like governing.
 
Trump "I love Church, I love going to church churches"

Also Trump... can not quote a single passage from the bible
“It’s very personal, I’m not going to get into that, I always say to my people it’s my second favourite book, ‘The Art of the Deal’ a great book, but I don’t want to get into that”.
Lolsa👍
 

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Perhaps the economy does matter. As Trump says, the cure cant be worse than the cause and prior to covid every economic metric was trending to the good.
It does matter yet voters are pointing to Trump for being a good manager of the economy, but:

Total household debt in the United States, including mortgages, auto loans, credit card and student debt, climbed to $14.30 trillion in the first quarter of 2020, eclipsing the previous peak at the height of the great recession in Q3 2008 by $1.62 trillion in nominal terms. (this is before the virus hit)

The U.S. national debt hit a new high of more than $27 trillion in October 2020.

That's greater than the annual economic output of the entire country.

Throughout the years, recessions have increased the debt because they have lowered tax revenue. At the same time, Congress has spent more to stimulate the economy. Military spending has also been a big contributor, as has spending on benefits such as Medicare. In 2020, spending to offset the effects of the COVID-19 pandemic also added to the debt.

Although investors aren't currently worried about a U.S. debt default, that could change once the pandemic ends. In that case, ways to reduce the debt, such as raising taxes or cutting spending, will need to be considered.




End of Fiscal YearDebt (in billions, rounded)Debt-to-GDP RatioMajor Events by Presidential Term

2016$19,573104%Brexit
2017$20,245104%Congress raised the debt ceiling
2018$21,516104%Trump tax cuts
2019$22,719106%Trade wars
2020$26,477 (at end of Q2)136%COVID-19 & CARES Act
 
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Totally agree, but there has been a lot of hand wringing (including on the Democratic side) that "oh Biden needs to be out there, he needs to be gee-ing up the voters".

He's followed the advice that if the other guy is constantly shooting himself in the foot, you just keep out of the way.
As Napoleon said, never interrupt your enemy while he is making a mistake.
 
It does matter yet voters are pointing to Trump for being a good manager of the economy, but:

Total household debt in the United States, including mortgages, auto loans, credit card and student debt, climbed to $14.30 trillion in the first quarter of 2020, eclipsing the previous peak at the height of the great recession in Q3 2008 by $1.62 trillion in nominal terms. (this is before the virus hit)

The U.S. national debt hit a new high of more than $27 trillion in October 2020.

That's greater than the annual economic output of the entire country.

Throughout the years, recessions have increased the debt because they have lowered tax revenue. At the same time, Congress has spent more to stimulate the economy. Military spending has also been a big contributor, as has spending on benefits such as Medicare. In 2020, spending to offset the effects of the COVID-19 pandemic also added to the debt.

Although investors aren't currently worried about a U.S. debt default, that could change once the pandemic ends. In that case, ways to reduce the debt, such as raising taxes or cutting spending, will need to be considered.




End of Fiscal YearDebt (in billions, rounded)Debt-to-GDP RatioMajor Events by Presidential Term

2016$19,573104%Brexit
2017$20,245104%Congress raised the debt ceiling
2018$21,516104%Trump tax cuts
2019$22,719106%Trade wars
2020$26,477 (at end of Q2)136%COVID-19 & CARES Act

He will go down in history as an Economic Vandal.
Even before the Pandemic the US GDP was in the low 2's as a result of his ego based China Trade War and the huge Corporate Tax cuts that improved Corporate Balance Sheets rather than created investment in capital and growth.
I'm sure if you sat the orange philistine down and probed him on economics it would all be about the Stockmarket and not indicators like Surplus/Deficit Budgets, Government Debt, GDP and Balance of Payments.
He's like a madman in a control room pulling every lever possible with no clear vision or strategy :(
 
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