Quote:
Originally Posted by Rochard
The entire time during the Obama administration the Republican party kept telling us how bad the economy was. Even as unemployment dropped to 4%, effectively cutting unemployment in half during his administration, the Republican party kept telling us how bad the economy was. Two months after Trump became president, suddenly the economy was great.
The Republicans here on GFY did it too. Vendzilla, and others, talked about the "real unemployment rate" and also the labor force participation rate.
They did this was while completely ignoring the truth - Obama ended our recession, fixed the economy, and gave us a 4% unemployment rate. We had seventy-two months of consecutive dropping unemployment under Obama.
The reality here is that Obama is our savior. Trump is literally just riding on Obama's coattails.
Republicans tell us the tax bill is why our economy is booming. This is completely false. The only thing the tax bill did was increase our deficit. The GDP was still higher under Obama. Trump gave us a tax cut for no reason. We are going to pay for this. Even worse, the tax cuts for the middle class expire, but for the big companies raking in billions they do not expire.
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Trump didn't give you a tax cut, he moved the tax to imported products what's more is his fiscal policy has increased the value of the USA$$, us foreign webmasters have had a 10-20% increase in funds earned from the USA this year as the dollar has strengthened.
A 20% import duty tax on Chinese products, ignores the dollars impact softening the blow.. for those in China, why the American consumer.. picks up the tab.