The RepubLIARS will be mounting a MAJOR COUNTERATTACK on the good vibes of this week’s successful DNC.
In their convention next week and constantly anyway, I expect the t rump to continue the fallacy that he has duped much of our society into believing > the LIE that the t rump is GREAT for the economy. Because that is the one LIE that has stuck, so far, even though he is primarily responsible for our failure to address the pandemic early, quickly and successfully. He is no economic genius.
He inherited an economy on its way up, and goosed it for the wealthy with a tax increase that never “paid for itself”, but which made the wealthy, wealthier. AND he goosed it again by lowering the interest rate to almost nothing. With all the steroidal stimuli the economy was, still, essentially, just following the line of progress started under Obama/Biden.
The t rump never even reached an annual GDP of 3%. Hell Obama beat 5% in 2015.
AND real wage increase has been nothing special under the t rump.
But we DO have a record high national debt.
Oh! And ALSO the t rump, the great (cough) negotiator has not helped our trade deficit, which has grown enormously with his trade wars.
And all this supposed (but not really) greatest economic rise in history (if you believe the greatest LIAR in our history) was mediocre BEFORE the COVID-19 was known to be here. Now we are teetering on the edge of a potential Depression, thanks to the t rump’s incompetence.
If the t rump had had the capacity to deal with the pandemic early on, then our economy would not have needed to be shut down for this long. So that should count against his performance on the economy, don’t cha think?
So, spread the word folks, the t rump is a bane to our economy, not a champion of it. We just have to repeat the truth more times than the t rump and his enablers repeat the LIE.