RE: Democrat Conspiracy
July 18, 2024 at 6:16 am
(This post was last modified: July 18, 2024 at 6:22 am by Sheldon.)
Quote:Lek
"Minorities did way better under Trump than under Biden. Check out the employment figures from those years."
It's your claim, it is for you to properly evidence that claim. What you've posted there is pure rhetoric. FWIW the universally accepted metric of growth and success is a countries GDP, I can give a quote, but I am not yet allowed to post links so no citations, though if anyone searches the text it will likely go straight to it, and I am quoting it verbatim:
"GDP is one of the main economic scorecards: Generally speaking, the faster it grows, the healthier the economy. As with many of the broader statistics, what may be more interesting is how similar the Trump and Biden economies look.
Quarterly growth during Trump’s first three years, up to the pandemic, and Biden’s term beginning in 2021, compounded at an almost identical rate that annualizes to around 2.7%. Excluding Biden’s first year, arguably still influenced by the pandemic, it was a slower 2.3%."
Employment
"One thing the Trump and Biden economies shared is a strong labor market. The jobless rate was 3.6% at the end of 2019, before the pandemic; it has gone as low as 3.4% under Biden and until May had been below 4% for more than two years."
"The U.S. economy is a big ship that’s hard to turn, but presidential decisions do matter. Biden ramped up antitrust enforcement, for example. Trump’s administration thought tax cuts would boost private investment, and economists feel it did at least in the short term. Biden, by contrast, has steered public investments to what are seen as strategic industries and infrastructure.
But counter to their positioning as polar opposites, they’ve both embraced big deficits, overseen historically low unemployment rates, imposed tariffs on Chinese goods, and seen stock markets hit record highs on their watch."
I am curious what metric and objective evidence you can offer to support your rhetoric above? Or it like the snappy slogan MAGA, it sounds impressive to the uniformed, is easy to reel off in a hurry, but is ultimately meaningless rhetoric?
(My apologies for botching the quote function, still feeling my way around the site)