Summary

President Joe Biden touted his administration’s economic recovery efforts, citing job growth, reduced inflation, and infrastructure investments, as he prepares to hand off a strong economy to Donald Trump.

Biden criticized Trump’s proposed steep tariffs on imports, warning they could harm the economy and reintroduce inflation.

Trump plans tariffs against China, Mexico, and Canada, raising concerns about trade disruptions similar to those seen during his first term.

Economists caution that such policies could quickly reverse recent economic gains and weaken the U.S. economy.

  • ReallyActuallyFrankenstein@lemmynsfw.com
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    3 days ago

    We’ve been doing this seesaw for the last 30 years. Republicans are that guy we’ve all seen at work who gets nothing done but gets credit for everyone else’s work, and fails up because of it.

    • 4lan@lemmy.world
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      22 hours ago

      Toward the end of Trump’s term my Trumper sister was raving about how he saved our economy.

      I whipped out a chart showing how he literally just continued the same upward trend that came out of Obama’s term.

      It’s like trumpers aren’t able to hear anything that goes against what they believe. In one ear out the other

    • bean@lemmy.world
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      2 days ago

      What really irks me about this, is that the progression forward is then twice as slow because it’s two steps forward one step back, two steps forward one step back. This is not how to run a fucking country.