“this should be an Age of Abundance, and it was — under President Trump!...”
That’s only partially true. Trump put in place a lot of policies that made things better, but there were serious underlying problems that Trump never even tried to address that were going to lead us to economic disaster sooner or later.
For example, Trump didn’t do anything to shrink the deficit, unfunded entitlement spending, reign in money printing by the Fed, or stop the shell games that we have been playing to prop up the housing and stock markets well past their natural points of correction. Creating jobs, increasing GDP, reducing our trade gap, those are important too, but if the real underlying causes of the coming disaster aren’t addressed, none of those efforts will stop it. Maybe delay it a little, but not stop it.
Yeah, but what about all those made in China MAGA hats, Trump flags and bumper stickers that he helped sell? Doesn't that count for something? /sarc
At least we’d have cheap gas.
Trump did an amazing job. He shored up the foundations as first priority and would have addressed other issues in his second term.
This blurting out the truth is bad policy. But any chance we had to save ourselves ended when a would-be tyrant invaded a foreign country without provocation and started the huge run-up in debt that resulted [and I am talking Bush here]. I have little use for the Clinton's but at least he more or less balanced the federal budget. Now, he also started the systematic growth of crony capitalism, which is another reason we are headed for disaster, so the Clintons aren't off the hook in my book.
If and when things get really bad, the solutions are going to be ugly, but I hope it means rebuilding our boarders, making the US more or less self-sufficient, and dealing with the fact that we cannot repay the debt we have run up except in very depreciated highly inflated dollars.