Tuesday, October 8, 2024

My updated elevator pitch answer to MAGA's BS about Biden's economy failures

 My one-floor elevator pitch when MAGA claims Biden was a failure.  He has a successful handoff to Harris Trump would reverse..   Updated 10 8 2024

  We had COVID. Remember??  It was the worst economy since the Great Depression, and Trump handed that off to Biden. Obama had handed off a great economy to Trump, too. The economy had frozen. When it thawed in 2021, there was pent-up consumer demand and screwed-up supply chains that caused too much demand for supplies, causing inflation. Biden fixed it. The inflation rate is now back close to 2% normal; interest rates already going down. Gas at the pump is less than a buck more than when Trump left office. The predicted recession never happened. Grocery price inflation has stopped, but prices are still too high. Housing and rents are still too high. Trump has no plan to fix those; Harris does. Trump's plans include cross-the-board tariffs on all imports, with costs passed on to consumers, adding $4K to a family's annual expenses and reigniting inflation.

Some of a variety of sources I relied on for these conclusions:

https://www.yahoo.com/news/really-think-donald-trump-good-141226513.html

https://www.forbes.com/sites/christianweller/2024/03/22/the-economy-is-much-stronger-than-four-years-ago/

Trump says he will 'end' inflation. Economists say he'd make it worse (usatoday.com)

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