Jan 11th 2021, 11:45:10
The trade deficit grew under Trump despite all the posturing.
The budget deficit per year is the worst of any administration since WW2 at least as measured by either in absolute numbers(even if inflation adjusted) or as a percentage of GDP. This is the main reason the economy did well, because he was unsustainably fueling it by excessive lending. This lending is also why despite trade wars and tariffs the trade deficit grew.
What Trump has done is work to increase polarisation, as a strategy.
What he also did is back the USA away from multilateral international organisations that rule trade, health work, diplomacy etc. Those organisations still exist and still do work, without the USA. Do you know which actor has taken the bigger role? SCHYNEA! Meaning China has weilded more influence internationally because of Trumps strategy of withdrawal from multilateralism. China first!
Trump also alienated the majority of US allies.
Trump says 'America first' but acts 'Russia first' quite often, even ignoring blunt attacks on american lives(Afghanistan), democracy(2016 election meddling) and livelyhoods(the 2020 cyberattacks on vaccine makeers, govt and thousands of US companies).
But most of all Trump has lied and made a mockery of truth itself, as a strategy, as a way of life, at the expense of longterm trust in the institution, to an extent such that each year of Trump lies outnumber all the lies of all presidents before him, combined.
History will not be kind to Trump nor the people who backed him.
The budget deficit per year is the worst of any administration since WW2 at least as measured by either in absolute numbers(even if inflation adjusted) or as a percentage of GDP. This is the main reason the economy did well, because he was unsustainably fueling it by excessive lending. This lending is also why despite trade wars and tariffs the trade deficit grew.
What Trump has done is work to increase polarisation, as a strategy.
What he also did is back the USA away from multilateral international organisations that rule trade, health work, diplomacy etc. Those organisations still exist and still do work, without the USA. Do you know which actor has taken the bigger role? SCHYNEA! Meaning China has weilded more influence internationally because of Trumps strategy of withdrawal from multilateralism. China first!
Trump also alienated the majority of US allies.
Trump says 'America first' but acts 'Russia first' quite often, even ignoring blunt attacks on american lives(Afghanistan), democracy(2016 election meddling) and livelyhoods(the 2020 cyberattacks on vaccine makeers, govt and thousands of US companies).
But most of all Trump has lied and made a mockery of truth itself, as a strategy, as a way of life, at the expense of longterm trust in the institution, to an extent such that each year of Trump lies outnumber all the lies of all presidents before him, combined.
History will not be kind to Trump nor the people who backed him.