Politics - News Analysis

Trump is Telling Some Serious Lies About Biden on Twitter — Situation Normal for a Desperate Man

One of the most remarkable and enduring mysteries is why it is that Americans believe that the economy does better under Republicans. Maybe it’s just one of those things that if they say it long enough, they’ll think people will believe it. But it doesn’t take a history major to go back to Reagan-Bush leaving the economy depressed for Clinton, who then balanced the budget and created a surplus, then George W. Bush immediately cut taxes, started wars and a giant new prescription drug plan (with no means to pay for it) which led to the crash in 2008 that Barack Obama had to clean up, and now Donald Trump has the economy down 4.7 million jobs than when he took office.

Sure, COVID played a large role, but it didn’t need to. People act as though COVID was pre-destined to destroy the United States. There are countries that have hardly been touched, relatively speaking, Australia, even Canada (in comparison) make us look terrible. So one doesn’t get to just point at COVID as the entire reason the economy deteriorated. It could have been handled economically much better had more money went to the people down here, down below, rather than up high, as yet another giveaway.

And yet Donald Trump is busy tweeting this morning that he’s the only man who can save this country’s economy, a vote for Biden is one for a “return” to terrible economic times … when in reality, the end of the Biden-Obama era had better economic numbers than Trump.

Remember, unless you make over $400,000 a year individually (if you’re making that as a family, your safe, only individuals making more than $40oK annually). According to the USA Today fact check:

This claim is FALSE, based on our research. Biden said he will not raise taxes on anyone making less than $400,000 a year. A taxpayer making $75,000, or making $3,000 biweekly, would not move to a higher tax bracket, as claimed. Analysts concluded that Biden’s tax plan would apply to wealthy individuals and corporations.

Not only that, but the tax increase is for less than 5%, going from 37% to a little over 40%. We might note that upper tax brackets, the taxes on the wealthiest Americans, were once over 60% in the 1950s and 60s – or back when Trump thinks that America was last “great.”

Were that not enough:

This is nonsense and everyone in America knows it. However, few people know that the market traditionally does better under Democrats than Republicans. According to Business Insider:

It’s a widely held view that Republican presidents are better for the economy and stock market than Democratic presidents, because of their drive to cut taxes and reduce government spending. But the data says otherwise.

According to an August 21 note from Liberum, a UK-based investment bank, historical stock market returns and gross domestic product data points to a stronger economic expansion under Democratic presidents than under Republican presidents.

It is not breaking news that Trump lies in his tweets, but these two whoppers show just how desperate Trump must feel at this point in the campaign:

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Peace, y’all
Jason
[email protected] and on Twitter @MiciakZoom

 

meet the author

Jason Miciak is a political writer, features writer, author, and attorney. He is originally from Canada but grew up in the Pacific Northwest. He now enjoys life as a single dad raising a ridiculously-loved young girl on the beaches of the Gulf Coast. He is very much the dreamy mystic, a day without learning is a day not lived. He is passionate about his flower pots and studies philosophical science, religion, and non-mathematical principles of theoretical physics. Dogs, pizza, and love are proof that God exists. "Above all else, love one another."

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