
Many remember solid economy under Trump, but numbers show it has never lived up to his own hype. His tax cuts never delivered the promised growth. His budget deficits surged. His tariffs never brought back the lost factory jobs. And historic job losses for which he accepts no responsibility.
https://abcnews.go.com/amp/US/wireStory/remember-solid-economy-trump-record-full-tax-cut-110387085
by mafco
9 comments
I remember the solid economy Obama left
Trade Wars have yet to show a positive effect for the US. Targeted tariffs can be helpful at times. Sanctions seldom work in the short or long term. Tarrifs just mean higher prices for American consumers and manufacturers.
Trump destroyed the solid growing economy that he inherited from Obama. Everyone forgets it took almost 6 years to repair the damaged economy that Obama inherited and round and round we go.
I remember when prices started going up after to the increased import tarrifs (taxes). I also remember when the fed dropped rates in early covid days and thinking it was too much too soon.
All trump did was inherit an excellent economy from Obama, and later juice it with a massive corporate tax cut paid for with debt
The economy of the first year of an incoming POTUS generally belongs to the last POTUS. The reason is that an incoming POTUS won’t even have their first budget passed until October; the economy is still coasting on the policies and the expenditures of the previous POTUS.
Trump’s true economic record is 2020 and 2021–total economic collapse and runaway inflation.
But of course, Americans are stupid and think that Joe Biden was completely responsible for the economy as of January 20, 2021.
These “many”, are they in the room with us?
Tax cuts have never delivered growth. Not under Reagan, not under anyone.
[This chart](https://i.imgur.com/7IvlYwk.png) says it all.