or10n_sharkfin

or10n_sharkfin t1_itecry5 wrote

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.

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