lol what. There was no booming economy under trump. He sure was good at making republicans think that though.
this post was submitted on 18 Oct 2024
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Ill always remember the clip of Jordan Klepper at a Trump rally talking to a guy who has been making four times as much as he ever did under Obama during the Trump presidency.
His field of work? Debt relief.
Womp womp.
Trump inherited a booming economy from Obama and it was starting to decline in 2019 even before COVID hit. Often the president’s policies have an indirect effect at best, but economists generally agree that Trump’s policies were accelerating the decline in 2019. Obviously, the pandemic muddled everything in 2020, but the short answer is “no:” Trump took a good economy and was slowly killing it.
80 years of economic data has shown that Republican economic policies simply don’t work:
https://en.m.wikipedia.org/wiki/U.S._economic_performance_by_presidential_party
No. Next.
Think of "trickle down economics" as a human centipede. The guy in front of you gets to eat whatever he wants. You get to eat shit. The only people in support of it are the people who think they could be in the front of the chain, either because they were born there or because they're idiots.
Now I'm not saying the gold standard of education is memes, but if you look up some memes on Trickle Down Economics then you'll probably find everything you need to know about it (it's totally bogus)
I'm not in the US. I'm also not an economist. But I follow current events. The economy is a funny thing, it's normally pretty slow to move unless it's crashing. Poor policy promotes a crash.
Historically, what we've seen is that when the government changes hands and flips between Democrat/Republican, the government starts working to change the policy of the previous administration.
Often what ends up happening is that the Democrats inherit a poor economy from Republican policy, then work on turning it around. Then the Republicans get in power and claim that the economy is strong under them - while ignoring that it was growing under the previous administration. Then they start slashing social services, promote regulatory capture, and ultimately end up tanking the economy just in time for the Democrats to take over again. Then they point to the damage they've done and say it's the Democrats' fault.
Anyway, TL;DR: nope
Betteridge's Law: Any headline that ends in a question mark can be answered by the word 'no'.
HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAHHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAHHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAHHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAHHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAHHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAHHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAHA
Good one.