Sunday, September 8, 2024

Trump Says He Treated the Economy Like His Company; Enough Said

 In a rambling and widely perceived incoherent and fantasy-based speech, Donald 'Really Not a Stable Genius' Trump told members of the New York Economic Club:

"For four straight years, I fought for American workers like I would fight for my own family. I took care of our economy like I would take care of my own company."

As President Joe Biden would say, here's the thing. As the below post attests, everything Trump touches has resulted in either bankruptcy, closure, or court-ordered receivership.

Enough said.

Let's not forget how he left the country at the end of his first term with his expanded national debt thanks to his reckless tax cuts for the wealthiest individuals and corporations, three new Supreme Court Justices that would take away reproductive freedom, a MAGA movement that would allow guns in schools while banning library books, millions out of work largely thanks to his ineptitude and mismanagement of the COVID crisis and election denialism that resulted in the January 6 2021 Domestic Insurrectionist Attack on the Nation's Capitol. 

Mr. Trump also did not distinguish himself when asked about funding child care in his second term giving a response that started off fine but then deteriorated into a rambling and incoherent mess. 

https://twitter.com/harris_wins/status/1831777839756239308

Trump's current Vice Presidential Pick, JD Vance added fuel to the out-of-touch fire by suggesting at a Turning Point sponsored event in Arizona that the key to solving child care is for grandparents to do more. 

As Laurie Roberts of AZ Central said, "Way to snag that senior vote."

Keep going boys. 

Trump also suggested that sanctions on rogue nations like Russia and Iran were bad for the dollar and he would remove them after a short while. 

Meanwhile...In the world of reality...

Bidenomics is still working.

President Joe Biden journeyed to Rural Wisconsin yesterday (September 5, 2024) to announce a "$7.3 billion for Clean, Affordable, Reliable Electricity for Rural America; The Largest Investment in Rural Electrification Since the New Deal."

This move is possible thanks to the Inflation Reduction Act, legislation Vice President Kamala Harris secured with a tie-breaking vote because no Republican voted for it. 

This Rural Electrification Program, according to a White House Press Release would:

"...deliver clean, more affordable and more resilient electricity to approximately 5 million rural co-op members representing 20 percent of rural households, farms, businesses and schools. These 16 cooperatives will benefit rural residents across 23 states, serving farmers, small businesses, and rural communities in Alaska, Arizona, California, Colorado, Florida, Illinois, Indiana, Iowa, Kentucky, Michigan, Minnesota, Montana, Nebraska, New Jersey, New Mexico, Nevada, North Dakota, Ohio, Pennsylvania, South Dakota, Texas, Wisconsin, and Wyoming."

In comments to attendees at his announcement in Wisconsin, President Biden mocked Trump and his broken promises to fix America's Infrastructure, including in Racine, Wisconsin. 

Also, the economy added 142,000 jobs in August and the unemployment rate fell to 4.2 percent. Wages also rose. 

AUGUST MAKES 42 STRAIGHT MONTHS OF JOB GROWTH.

In other words, the entirety of the Biden/Harris Administration has been marked with job growth. 

Can not say that about the Trump Administration. 

From the Economist

Finally, the Harris/Walz Opportunity Economic agenda, with its emphasis on affordable housing, expanding the Child and Earned Income Tax Credits, and small business assistance with measures including a $50,000 assistance tax credit, is getting good reviews. 

Goldman Sachs has already forecast that the Harris/Walz Economic policies will better the economy over the Trump/Vance plans. 

Mr. Trump and Mr. Vance's remarks over the last couple of days probably did not help their cause on that score.

Investor Mark Cuban praised her in comments to CNBC, saying that she has spoken more about helping small businesses than other recent Presidential candidates. 

https://twitter.com/KamalaHQ/status/1831716746190881042
From Harris for President.

At Phoenix and Tucson events of local leaders in Arizona, they also praised the Harris/Walz Economic Agenda.

State Representative Seth Blattman commented:

“The Vice President is giving entrepreneurs $50,000 in tax relief so folks can realize that dream. But she’s not stopping there. She’s also going to cut unnecessary red tape so we can help spur 25 million new business applications in her first term. This election, we all have a choice to make. We can choose an economy built for Donald Trump and the ultra-rich, or we can choose an economy built for you and me, for the hardworking, middle-class families who make up the backbone of America.”

State Representative Betty Villegas offered:


"This election is a choice between standing up for workers, small business owners, and everyday Americans – and hurting the American people in order to prop up the richest of the richThat’s why I’m voting for Vice President Kamala Harris and Governor Walz who have a plan to cut red tape and provide $50,000 in tax relief to Americans who want to start a business, which will spur millions of new business applications across the country."

From Harris for President.

Buendia Breakfast & Lunch Café owner Julio Garcia relayed:

"We started this business in 2021 as a dream between my wife and I to serve not only food but to provide an experience to all families. Vice President Harris' proposal will help small business owners like us continue to achieve our dreams and strengthen our businesses."

CO+HOOTS owner Jenny Poon said:

“Vice President Harris is making it clear that she knows that small businesses are the backbone of our economy, and is committed to taking down the hurdles that prevent local entrepreneurs from getting their businesses off the ground.

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