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Cake day: June 30th, 2023

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  • Trump inherited a great economy from Obama, but ran it into the ground. (His 2018 tax cuts, etc …) Trump got out just as the consequences of his actions started to happen, just as Biden became president. This left Biden with a crashed economy which he worked hard to improve during his election (the US is considered the best and strongest economy after COVID).

    Now, just because it’s doing the best, it doesn’t mean everyone is in the best shape. So people are just remembering that the economy on the surface looked better during Trump ) because of Obama) and looked worse during Biden (because of Trump) and assumed that the surface was the same underneath.

    What will be really interesting is that the economy isn’t as solid this time for Trump so he’s most likely going to do even more economical damage to the US that will cause it to take even longer to fix for the next president(s).







  • How so, at least with this article? It mentions a couple times things like:

    what she hasn’t done is disown the current tariffs on the imports of China, which have also been harmful.

    if Harris wins and resumes Biden’s supposedly more strategic approach to tariffs, tech companies already feeling heavily burdened expect they would be stuck with extra costs under her administration

    Harris hasn’t been clear about her plans for tariffs if elected

    It’s unclear how quickly prices would rise if Trump or Harris expanded tariffs.

    It feels (at least to me) pretty balanced on this that they will rise if either one is elected, they just can’t say how much under Harris because she hasn’t given details about it, which they point out many times. Trump has declared his intention, so that’s why his amount is shown.

    Trump’s threat of a 60 percent tariff on all Chinese goods is perhaps the clearest worst-case scenario for tech companies preparing to adapt as administrations shift.