BulletMagnet wrote:
cvaniafan wrote:
He did the job for the economy of his country
Just off the top of my head let's cite his 2017 tax cut as an example: it was already weighted heavily in favor of high earners and corporations from the get-go (of course, that's not just due to Trump as an individual, that's his party's central economic platform...well, when it
bothers to actually release one), but moreover the provisions that benefit anyone else will expire within a couple of years, while the upper-end ones stick around; by the time it all shakes out the top 1% of earners will be getting over 80% of the cuts.
Of course, this ballooned the deficit as well, just as Bush's and Reagan's upper-end cuts did, but Trump and the GOP insisted, in identical fashion, that
this would
finally be the time that the rich would use their windfall to hire and expand instead of simply enriching their stock portfolios -
somehow the past remains present (and the once-rabid deficit hawks have seemingly stapled their foaming mouths shut). Naturally, they've openly promised more of the exact same thing if they win a second term.
Oh, and the proposed payroll tax cut that never materialized was a blatant case of
robbing Peter to pay Paul anyway, with the added bonus of undermining the already-flimsy social safety net they've been trying to kill for decades.
So sure, Trump certainly delivered economically, at least if you're part of the donor class. Or, just by
sheer coincidence, a
real estate
developer.Interesting analysis, and I am not saying everything was great under Trump, definitely NOT, but just having a look at the factual results. He was more brave and efficient about China than Obama, he maintained a low dollar exchange rate which helped exportations, made the US to become first world producer of shale gas (I am not saying it's good for environment), and he made 5 millions of employments possible between 2016 and 2019, check the official reports:
Unemployment rate : - 2013 (Obama): 6,6%
- January 2017 (arrival of Trump): 4,7%
- February 2020 (Trump, just before the Covid crisis): 3,5%
- October 2020 (during Covid crisis): 3,9% despite the crisis, which remains quite good in this context.
I think all of that explains the 49% of american people who voted Trump, and it shows how the country is divided about how american people want their country to be directed. I think it's interesting to try to understand how and why, instead of just listening to the mainstream medias who only say Trump is a jerk and no need to know more.