You could also mention his unilateral order to suspend the 7.5% FICA tax (supposedly mandatory according to some posters
) with a promise to forgive payments if re-elected.
In hindsight that would also have been bad for this economy.
In short the idea was to throw money at the pandemic. And it was not the right idea.
DougBH
7647
That was in the pandemic. That is when you would throw money. The problem occurs when you throw $2trillion for recovery money at exactly the wrong time…when we are already in a recovery.
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Jezcoe
7648
I know that Trump tried to use the power of his office to overthrow the results of the election that he knew that he lost using a strategy that he knew was unconstitutional … but have you seen that I can’t get chicken?
These were 6 months apart. That money would not have evaporated… it would be driving demand just as much as any other $$$ injection.
And same as the Biden stimulus it was untargeted… for unaffected households it was just extra spending money.
I understand the motivation, but in hindsight it was unnecessary and would have added to the problem If employers actually utilized the order.
DougBH
7650
Well, at the time it was passed we were deep in shut downs and slow downs. If six months later it wasn’t needed then that would be the time to amend what was done and pull back, not do more of the same on steroids.
The Trump administration, of course, was not in the picture at that point.
Both were incorrect (in hindsight). Likewise the shutdowns.
The focus (hindsight) should have been incentivizing continued operations and production. And of course that would need to be global and who knows if we could have swayed partner economies to follow that policy.
This is not finger pointing, just hindsight evaluation.
Samm
7652
That is true, but it’s not the point. $900 billion was bad enough, but Trump did not spend two (more) trillion dollars of imaginary money. Biden did.
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Samm
7653
Leave it to you to focus on the “s” instead of “no chickens.”
Oryx
7654
A bipartisan ■■■■■■■■■■■ no doubt, but I agree the Dems made a bigger contribution to our current inflation woes and will pay for it.
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Leave it to you to miss the fact that it was a joke.
Samm
7656
But anything to give Brandon a pass, right?
Samm
7657
I didn’t miss it. The point is, the joke is the only rebuttal you had. No joke.
Oryx
7658
Who is giving Biden a pass? I literally said the Dems shoulder most of the blame.
Samm
7659
Yet left the buck off Biden’s desk … Have you forgotten that he’s the one with a phone and a pen?
I am under no obligation to rebut him, you, or anybody else.
Why do you always rat terrier the stupidest things?
Samm
7661
I respond to what you post, that’s why.
Oryx
7662
Good lord.
Biden is the Democratic president, he shoulders the blame for his party’s failures.
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Get a different hobby then. I don’t know what else to tell you.
Samm
7665
Don’t tell me what Hobbie I should or should not have.