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Democratic President rebuilds economy, just in time to hand it off to Trump — again

www.huffpost.com Democratic President Rebuilds Economy, Just In Time To Hand It Off To Trump — Again

Trump damaged the Obama economy he inherited with his trade war, and now appears poised to repeat that move with the Biden economy.

Democratic President Rebuilds Economy, Just In Time To Hand It Off To Trump — Again

Summary

President Joe Biden touted his administration’s economic recovery efforts, citing job growth, reduced inflation, and infrastructure investments, as he prepares to hand off a strong economy to Donald Trump.

Biden criticized Trump’s proposed steep tariffs on imports, warning they could harm the economy and reintroduce inflation.

Trump plans tariffs against China, Mexico, and Canada, raising concerns about trade disruptions similar to those seen during his first term.

Economists caution that such policies could quickly reverse recent economic gains and weaken the U.S. economy.

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  • The problem with assertions like this is that they can never be conclusively proven or disproven. Literally every single president (at least during my lifetime) has blamed their predecessor for all of the problems plaguing the country and took credit for everything that improved, while their predecessor claimed credit for laying the groundwork and blamed their predecessor for all the challenges they faced.

    The fundamental issue is that the same experiment can never be conducted twice under controlled conditions, because the world doesn't stop spinning and whatever the other guy did, he did, and we can't turn back time in order to find out how his opponent's choices would have played out. Sure, you can always pick and choose some factoids in order to spin a compelling "what if" scenario, but ultimately there's simply too many variables at play in order to reach a sufficiently solid conclusion.

122 comments