r/politics • u/croato87 • 6d ago

America Lost the First Biden-Trump Debate Soft Paywall

https://www.rollingstone.com/politics/politics-news/america-lost-first-biden-trump-debate-1235048539/
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u/DoctorDilettante 6d ago

We’ve know about this though. He’s had 3 and a half years to do something about it… he’s destroyed this economy and the people hurt the worst are the average Americans. The middle class has now been decimated.

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u/jamiestar9 6d ago edited 6d ago

I believe the high inflation we are experiencing is due to the federal reserve printing a lot of money combined with the huge amount of stimulus congress passed that disproportionately went to people and businesses that did not need it for essentials. Americans typically look to the president to fix the economy but there is only so much power the executive position has. That is why Biden needs a democrat majority in congress so we can fix the tax situation (and also eliminate or at least raise the social security contribution cap). Trump lied about both in his remarks. One would think people would be concerned about Trump’s tax cuts for those making over $400k per year. Biden wants those cuts to expire. Trump wants to renew them.

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u/[deleted] 6d ago edited 6d ago

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u/hurler_jones Louisiana 6d ago

How are they supposed to make record profits during a pandemic and beyond though? Sell things for a smaller profit so the economy doesn't come to a screeching hault?