01-18-2021, 10:46 AM
Previous threads are previous:
(And the fact that we needed more than one thread for what in previous decades was a simple matter of the citizens of the USA exercising their Constitutional right to select their own government shows just how toxic politics has become in the USA.)
CBC Analysis: Impeachment will further obscure Trump's contested economic legacy
CBC Analysis: Impeachment will further obscure Trump's contested economic legacy
Quote:President Donald Trump claimed to support the little guy against the elite.
But after four years in power, examination of Donald Trump's economic record in reaching that goal has been set aside as the impeachment fight moves on to the Senate.
Just as a new report by a U.S. business group shows Trump's trade battles with China alone led to major job losses, there is a danger that as factions take sides over whether he did or did not incite an insurrection, the president's economic successes and failures will be obscured.
Quote:Perhaps one of the biggest flaws in Trump's economic strategy was that he chose policy based on how it would appeal to the ideology of his populist base. Sometimes things that appeal to a large number of people are simply wrong.
Quote:Perhaps the biggest flaw in Trump's economic strategy is the one that he celebrated as his biggest success: his $1.5-trillion overhaul of the U.S. tax system. While claiming to speak for poorer working Americans, it has been widely recorded that Trump's financial support came from the rich who benefited from tax cuts and rising markets.
Especially after the impact of COVID-19, those measures have left the U.S. more starkly divided between rich and poor than when Trump took office.