
The fact that the Trump Administration is admitting a contracting economy is rather shocking, IMO. |
I think we really should be talking about China right now.
I mean, if the GDP had dipped a very minuscule 37% under Obama, we would have been talking about China, right? |
Another 1.3 million jobless claims.
#winning |
The Trump Virus keeps on killing - people, jobs, everything |
The U.S. national debt at the end 2009 (Bush's last fiscal year) was $11.876 trillion. The U.S. national debt reached $20 trillion for the first time ever in mid September 2017. That was near the end of the last fiscal year of the Obama presidency. Meaning that Obama added ~$8 trillion to the U.S. national debt in 8 years mostly on the back of getting out from under the economic disaster left by W.
Now, in mid July 2020 (not quite three years later) the U.S. national debt is $26.5 trillion. And at the rate the Trump presidency is spending it will easily surpass $27 trillion by mid September two months from now. That is $7 trillion in just three years for Trump vs $8 trillion in all eight years of Obama. And Trump still has another fiscal year to go after this one ends in October. Republicans, you and your boy Trump are going to add more to the national debt in four years than Obama did in eight years. MAGA that! |
Wait until the next stimulus bill. It's going to be big, really big. Huge, bigger than Obama. The biggest. It will be easily 8 trillion in four years then. Don't worry though, the right wing media is starting to talk about debt again because they're worried Trump will lose so they wan to switch gears back to debt numbers if there's a Biden Presidency. |
Should tell you sh*t just got real for them. Now, ask yourself, why is that? What make T Rumpster MAGAmen sober up to that fact? |
Yes, deflection to the truth is the GOP winning strategy. Truth: The economy is only suffering and hasn’t grown or been projected to grow by at least 4% since Trump took office. He came into the harvest of Obama’s 8 years of hard work making up from the 2008 Real Estate crisis caused by people just like Trump. Truth: our stock market has allowed unforeseen returns with investments for the top 5% who gamble our lives with their investments. They are making money hand over fist because Trump rolled in on a rich healthy economy, and ripped all of the policy helping establish that stability other countries invest in, solely to make money for a silver of grift in the world, which includes Russia. Truth: While the stimulus helps to avoid a fallen state, it is not nearly as effective of an investment as it could be if 85% of the funding were released in accordance with legal provisions requiring economic stimulation, and not just cash flow for companies to payout dividends on. Truth: Biden’s election will inherit a shitty economy. However, their administration has the ingenuity, expertise, and wisdom to turn it around while also improving constituents livelihood (except magamen that will have to hide their racism and grift again) Lie: The economy is Biden’s fault. Truth: |
US economy contracted by worst-ever 32.9% in Q2, and another 1M+ jobless claims.
It IS the economy, stupid. |
This x1000. And other countries' economies are now rebounding. The U.S. economy is still in the crapper because Trump did nothing to contain the virus. Worst. President. Ever. |
I wonder at what point the sort of collective ideas about Democrats/Progressives being bad for the economy will die away given that the GOP keeps finding new and more horrible ways to kill the economy. |