1. Trump promised to bring down America's trade deficit “as fast as possible.” Instead, the trade deficit has hit an all-time high. The United States is now purchasing more goods and services from the rest of the world than we sell abroad than at any time in history. 2. As a presidential candidate in 2016, he said he could completely eliminate the federal debt in eight years. Instead, the federal debt has exploded thanks to Trump and the GOP's $1.9 trillion tax cuts for the wealthy and corporations. They're already using the growing debt to threaten cuts to Social Security, Medicare, and Medicaid. 3. He promised to boost the wages of American workers, including a $4,000 pay raise for the average American family. Instead, wages for most Americans have been flat, adjusted for inflation. Meanwhile, over the same period, corporate profits have soared and the rich have become far richer, but the gains haven’t trickled down. 4. His administration said that corporations would invest their savings from tax cuts. Instead, corporations spent more money buying back shares of their own stock in 2018 than they invested in new equipment or facilities. These stock buybacks provide no real benefit for the economy, but boost executive bonuses and payouts for wealthy investors. 5. He promised a tax cut for middle-class families. Instead most Americans will end up paying more by 2027. 6. He promised to keep jobs in America and crack down on companies that ship jobs overseas. Instead, his tax law has created financial incentives for corporations to expand their operations abroad. Trump's trade wars have also encouraged companies like Harley Davidson to move production overseas. 7. He promised to “drain the swamp” of Washington lobbyists. Instead, he's put them in charge of health, safety, and environmental protections—which has endangered most Americans while increasing corporate profits even further.
Trumponomics is just more trickle down. He sold out all he actually believed to fit into the GOP, even though he didn't need them and could have been one of the greats if he stayed true to himself.
Hilarious find. The narcissism was so evident, even back then. https://www.cbsnews.com/news/donald-trump-soak-the-rich/
It's not trickle down economics - it's a case of reverse Robin Hood and most non-Blinders know this.
I am pretty sure he didn’t say “adjusted for inflation”. It’s just too much of a word construct for him to say. In absolute numbers the wages went up. Check and mate.
Bidenomics too. Our politicians would not pass Econ 101.
Rajesh why do you care, you don’t even vote
I would’ve liked him to do more to reduce federal debt, but spending went bonkers after he left… this year alone is up 12% ($171 Billion) YoY https://fiscaldata.treasury.gov/americas-finance-guide/federal-spending/ Also if he said eliminate in 8 years.. he’s only had 4 so far.
It was also before covid happened lol, he could not have forseen that.
In all of the ways that I personally feel the economy (wage, groceries, gas, restaurants, investments, job market, real estate, etc) - I was better off under Trump than Biden, by a significant margin.
LOL, MSFT doubled under Biden. NVDA quadrupled. But you feel bad, OK, that's your problem.
The top 7 stocks increased and the entire rest of market is falling. The top 7 are keeping the total market index up, but everything else is on fire. Also how many people do you know who got laid off over the last ~12 months? I know way too many to count. That’s Biden America unfortunately.
TL;DR
TL;DR FO TDS 🤡
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