or10n_sharkfin t1_itcmgb2 wrote on October 22, 2022 at 4:52 PM

I don't understand how people who support Trump don't realize by now that literally everything the man touches corrodes and dies a whimpering death.

I guess sunk cost fallacy is very real.

By the way, get out and vote when elections come around.

RUIN_NATION_ t1_itdtmhd wrote on October 22, 2022 at 9:52 PM

I dunno man every thing was booming under trump gas low food costs low exporting goods to the world. I made 2.00 less a hour then I do know but I had more money in my pocket under trump then I do biden thats not a lie those are facts. I got a new job at the plant and it wasnt cause of biden it was cause my hard work over 2 years is what got me this pay increase and job change.

or10n_sharkfin t1_itecry5 wrote on October 23, 2022 at 12:20 AM

This is implying that the President has a direct effect on the economy when it's a multitude of different things.

A lot of the growth we saw in Trump's first two years were more due to policies that were put in place during Obama's administration. He had the chance to build up from that, but instead he went ahead and cut taxes for the wealthy (with the Republican party insisting that this is a good thing). More socialist subsidies to farmers in order to keep our domestic production going. The stock market fluctuated more during his four years than they have so far by Biden's second year.

That's not even to mention the global fuck-up that was 2020's pandemic.

Some of what we're facing today is the direct result of economic tariffs and bogus "trade wars" with other countries that Trump was playing through his four years. But that's only a small part of it.

No, if prices are rising, it's due in no small part to corporate greed. Gas and oil companies could have kept their prices low, but they spent decades and hundreds of millions, if not billions, of dollars on our government to not put in caps to how much gas can be charged. They're seeing record profits with the prices as high as they are, and yet the common folk are struggling to pay the higher gas prices. Biden's fault? Food processing companies are raising prices even though wages are not going up. In general, you're seeing higher prices because people are seeing dollar signs in raising prices. Biden's fault?

No, capitalism. Through and through.

RUIN_NATION_ t1_iteeuk0 wrote on October 23, 2022 at 12:37 AM

The President effects the economy through the policies they choose to do or not do. reason gas prices were so low under trump he opened up more drilling in the usa got less oil from over seas thus OPEC LOWERED PRICES less demand thus our oil in our country fell in prices its economics 101 supply demand. lower oil prices reflect in lower gas prices reflect in lower prices for goods cause shipping costs are lower. Bidens first week in office canned the pipeline so that stoked fears his camping was on pushing oil out fracking drilling processing thus fear in the market we started producing less asking OPEC FOR MORE. in return prices went up.