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Trump 2.0 Debt Watch

Discussion in 'BBS Hangout: Debate & Discussion' started by adoo, Dec 5, 2024.

  1. adoo

    adoo Member

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    an update as of Dec 2024,

    Total debt change percentage in office per president


    Biden has increased the debt by $7 Trillion, a ~~24.75% increase
    MAGA Trump 1.0 increased the debt by $8.2 Trillion, a 40.4% increase





    my take is that Trump 2.0 will increase the US debt burden by more than $8.2 trillion
     
  2. adoo

    adoo Member

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    as of Dec 2024, the Biden admin has created over 16 million jobs.

    my take is that Trump 2.0 will create less jobs than Biden
     
    ROCKSS likes this.
  3. Astrodome

    Astrodome Member

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    Covid jobs count in Biden's tally?
     
  4. adoo

    adoo Member

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    jobs created have been the result of these Biden-induced legistlations

    • Inflation Reductin Act
    • Infrastructure Act
    • CHIP act



    had Trump actually bother to pass an infrastucture bill, which was one of his top campaign agenda, his admin would not have lost 2 million jobs, even w the Pandemic
     
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  5. Astrodome

    Astrodome Member

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    Ok, as long as you aren't counting the jobs that came back after the pandemic, then your post is valid.
     
  6. Os Trigonum

    Os Trigonum Member
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    pretty sure Biden is the greatest president ever
     
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  7. Rocket River

    Rocket River Member

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    It's always amazing to me that - He didn't decrease the debt in his first term
    but
    people are SURE he will in his second

    He promised it both times

    Rocket River
     
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  8. JuanValdez

    JuanValdez Member

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    No, it's counting jobs lost to covid and then regained. I think it deserves an asterisk, but recovering from covid getting those jobs back wasn't an automatic thing. So yeah, maybe the US had some low-hanging fruit in this regard, but we actually executed and got those jobs back where other countries didn't do it as quickly. I should also point out that we actually started adding back those Covid jobs under Trump -- we basically had a couple negative months (3/2020 lost 1.4 million and 4/2020 lost 20.5 million, then later 12/2020 lost 0.2 million, but all other months showed positive growth).

    This article addresses the counting: How job figures under Biden and Trump's presidencies compare.

    According to the BLS, job growth looked like this:

    * Trump job growth period (2/2017 thru 2/2020, 37 months): +6.7 million
    * Covid disaster under Trump (3/2020 thru 4/2020, 2 months): -21.9 million
    * Covid recovery under Trump (5/2020 thru 1/2021, 9 months): +12.5 million
    * Covid recovery under Biden until we reached Feb 2020 employment (2/2021 thru 6/2022, 17 months): +9.4 million
    * Biden job growth period (7/2022 thru 1/2025, 31 months): ~ +7 million

    N.B., I don't think presidents actually deserve credit for job growth. But, I do hate when campaigns or other interested parties obfuscate the numbers to make themselves look good, so I tried to be very clear about what the periods of growth were. But, if we were to cut out the covid disaster and recovery periods and do a crude jobs/month calculation, it would look like this:

    Trump: 181k
    Biden: 226k

    Both lag behind Bill Clinton's rate of 240k.
     
    ROCKSS likes this.
  9. edwardc

    edwardc Member

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  10. AleksandarN

    AleksandarN Member

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    To his son he is
     

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