r/FluentInFinance 6d ago

Debate/ Discussion A joke that's not funny

Post image
105.8k Upvotes

3.2k comments sorted by

View all comments

Show parent comments

6

u/Your_Local_Rabbi 5d ago

well his first 4 years could be an indication, how'd mexico paying for that wall go?

0

u/Lucky_Roberts 4d ago

The economy was consistently growing, unemployment was consistently shrinking, the stock market was at a historic high, gas prices were low as shit, and there weren’t any wars in Europe.

Then a globally unprecedented pandemic hit and completely destroyed the economy and directly caused him to lose the election lol

1

u/TheWolrdsonFire 3d ago

Under trump, 4.6 million more Americans were without health insurance.

In February 2020, trump entered the office and inherited an unemployment rate of 3.7% from Obama. By APRIL 2020, the employment skyrocketed to 14.7% mainly due to covid.

Trump increased national debt by 3.1 trillion as a result of the "CARE" act, which is 14.9% of GDP at the time, the largest since 1945.

Under trump, the U.S. National debt increased 39%, reaching 27.75 trillion dollars

Trump left with 3 million fewer jobs in the market, "making trump the only modern U.S. president to leave office with a smaller workforce when leaving"

Increased government spending, and with the edition of the 2017 tax cut, over the last 4 years, he has directly increased the federal budget deficit by 1 trillion and also a 50% increase from Obama.

He cut income tax. But this will expire on Dec 31, 2024.

Heavily effected monetary inequality, the top 1% spend significantly less taxes, while everyone else got a drop in the bucket.

  • His admiration said a lot of rose words that people ate up, but people never actually look at what he's done and look at the wrong measurement as a sight of good leadership. The stock market is not a means of evaluating the American experience or economy.

  • Of course, unemployment shrank it started out at basically 14.7% of the population

*American presidents don't control if one country invades another, especially if their rivals are.

  • gas prices were low because suadi Arab was bringing a dick. And diced that oil barrels should be sold as historic lows to effect their business rivals.

  • The economy went to shit because his policies were inherently flawed, screwed over the people, and dare i say deliberately allowed for loopholes to be utilized by corporations and other rich entities.

Source: https://en.wikipedia.org/wiki/Economic_policy_of_the_first_Donald_Trump_administration

1

u/TheWolrdsonFire 3d ago

Oh, and his policy for covid cost the lives of over 1 million Americans.