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Greg Greg
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Comments by "Greg Greg" (@SlowhandGreg) on "Voters reminded Biden has cleaned up Trump’s economic mess with strong job numbers" video.
@artandarchitecture6399 economy wasn't booming 5 years ago it was pumped up with corporate tax cuts paid for with debt, the fortune 500 companies spent 3.5 trillion on stock buybacks given the amount of money the Trump term till then had printed a recession was inevitable. The fact that it got masked by Covid and added around at least +2 points to the inflation total when it came through the system. Biden has managed to post huge employment numbers despite the Feds best efforts to cool the labour market, the normal Republican method for curing high inflation is unemployment. In a sentence the Trump economy was built on debt the Biden economy is built on investment in Social and physical Infrastructure
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@springerworks002 Inflation post cov was inevitable the Republicans way of controlling it is unemployment and cuts to federal programs which would push the economy into a deep recession. The Trump economy was built on debt he'd already borrowed +3.5 trillion, these sorts of numbers won't be available again if the Republicans wanted to maintain thier tax cuts your talking gutting federal investment and programs creating unemployment pushing the economy into recession.
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