Biden has plenty of experience, wisdom and was VP during 2008 crash. He was strategic in his plans. Unfortunately , he didn't speak a lot about himself.
I don't know why you guys argue about nothing. Great Recession was not just a month/year thing. Obama entered into office with unemployment rate about 8%. 2008 September was when Lehman Brothers went bankrupt. The mess was dealt by Obama administration.
Sorry that facts matter, he didn’t take office until 2009. Hell people still believe he bailed out the banks when it was Bush, Obama bailed out the auto industry.
I think you should follow the thread I was talking about. I didn't talk about bailing out . I didn't say anything about banks or auto industry. Obama didn't inherit a great economy and then Trump both times handed the best one. Biden has been in politics forever and had more experience .....that was my point. That's it.
They are terrible for the economy and have fooled people into believing otherwise. Bush handed Clinton a recession, Clinton handed Bush a surplus(some Clinton policies directly led to the housing crisis), Bush handed Obama the Great Recession, Obama handed Trump a thriving economy, Trump handed Biden a cratered economy, Biden handed Trump the economy that was the envy of the rest of the world, let’s see what Trump hands the next guy.
Republican track record.. 8 out of the last 9 recessions happened on their watch. And for some reason people think they are the fiscally responsible party.. lol. So brainwashed, it would be funny if it weren’t so tragic and happening again to our country.
He won't be handing shit... he's going to die in office... and services will be dead, Medicaid will be dead, Paula white Ministries will be billionaires.. Elon first trillionaire and Trump Org will make in excess of $30 billion.
You must be kidding me !! Lehman declared bankruptcy just before the election in 2008. I still remember the month of Obama's inauguration , the endless congress emergency meetings, and Obama after a month looked like Zombie.. It was the time I entered into investing.
The S&P 500 called its bottom february of 2009 (after 16 months of losses)... less than 30 days into the new term. Yeah he was in panic mode the whole time but the other 99% of his term was all recovery
Sure but he's also forgotten more than the current guy knows and even with all he's forgotten(significant cognitive decline no doubt) he still knows waaaaay more.
Sad that a brain dead Biden was still leagues better than the idiot in there now. Guess we get to learn the hard way. But hey? Investments might be taking a nose dive and consumer goods are about to price the fuck up at least those 10 transgender athletes won’t be competing in sports I never watch. Suck on that libtards!
yeah if a someone brain dead can run the country better than Trump, that says a lot about conservatives.
under democrat rule, America is a well-oiled machine that produces Googles, Amazons, Nvidias that make America Great, and then Republicans fuck it all up for a few years and hand the reins back to Democrats after financial collapse inevitably happens from their stupid emotionally-driven fiscal policy decisions. that their voters oddly somehow don't recognize as emotionally driven decisions
The poverty rate in America has never been lower. Why do people pretend that the standard of living has been falling apart? Life in America has literally never been better.
Because most people are not below the poverty line? Perceptions of the standard of living are more about median discretionary income (which is not well measured). And also about the perceived effort needed to acquire it. Two adults working at full time jobs where the work load and pace has doubled in the past twenty years are going to be experiencing tremendous pressure that they will consider economic in nature.
And if you believe that the people around him were pulling the strings you had the opportunity to vote for one of them last year and continue the prosperity.
You would have looked WSJ and FT articles on him , esp Inflation Reduction Act and Chips Act. Yeah, by the end became weak and frail and his already speech impediment looked worse. But his wisdom kept the country intact. I was pissed off of him not withdrawing his second term until last minute. But by no means, he is brain dead or anything. He was surrounded by wise advisers. He entered when Inflation was somewhere around 8% .
So let's assume that that's true, which it's not. Heck, let's even assume that Kamala was running things on his behalf, that just proves that she would have been a better president, y'all realize that right?
So a potato had a more secure economy compared to the showman Trump who is pushing the US into a recession with his tariffs and people still think Biden was bad?
The tariffs will cause multiple things to happen. 1st thing, it will force companies back to America, creating jobs and wealth. Another thing it could cause is better trade deals for imports/exports. We have been getting screwed for decades based on trade deals made after WW2. These deals were agreed to to assist European countries rebuild their nations. The time of them needing this type of trade deal has passed and these countries have long been rebuilt. These countries have enjoyed decades of not having to invest in a real military because they know we will protect them, and they still screw us in trade.
What are you talking about? Under Biden m, the stock market rallied 55% during his term! plus, he created 16 million jobs, added 14 million small businesses, and had ZERO insurrections on his watch! How many jobs did Trump create? Answer: ZERO
Lol let’s just not factor in the covid supply chain issues and the shock from Russia’s invasion of Ukraine in 2022, just for your argument to not fall apart.
The 2022 drop was due to a variety of factors, most largely inflation and the effects from the beginning of the invasion of Ukraine. Mostly not things attributable to one person, but if you want to point to one person Putin is the biggest factor.
The 2025 drop is due to the current president's erratic behavior and trade wars.
1.6k
u/PM_ME_WITH_A_SMILE 8d ago
Crazy how trade wars affect trade