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Andrew Tobias

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Andrew Tobias
Andrew Tobias

Money and Other Subjects

It’s The Economy, Stupid

January 22, 2024January 21, 2024

From the Daily Edge:


MAGA voters cling to myths about the “Trump Economy.”

But the reality was quite different.

At the end of 2019—before Covid hit—Trump was leading the US economy toward collapse.

Here are 5 facts to prove it.

1. Trump said his tax cuts for the rich would “supercharge” the economy. But he created 15% fewer jobs in his first 3 years [pre-Covid] than Obama created in his final 3.

2. His first 3 years in office—pre-Covid—were devastating for factory workers.

3. 2019 was the worst year for U.S. farmers since the farm crisis of the 1980s.

4. By 2019, he was running trillion-dollar deficits, even as poverty soared in Red States.

5. The Trump recession started BEFORE Covid.


Read in full for the details.

(And then, of course, with Covid, it got much worse.  Just as Bush left Obama an economy on the brink of depression, so, too, did Trump leave Biden.)



BONUSES

If you like rock and roll, Little Richard pretty much originated it.  Among those who looked up to him: Elvis, the Beatles, and Mick, all featured in this toe-tapping doc.

If you’re gay, The New Life, set in 1890’s England, should be on your list.

If you like decency and civility in a president, read this account of how Joe Biden apologized to Asa Hutchinson, unbidden, over the weekend.

 

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