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.TheDailyEdge 12/30/23: 🧵 FACT: America is better off today than it was 4 years ago.
Because while low-info voters cling to snake-oil myths about the "Trump Economy," the reality was quite different.
At the end of 2019—even before Covid hit—Trump was leading the US economy toward collapse.
Because while low-info voters cling to snake-oil myths about the "Trump Economy," the reality was quite different.
At the end of 2019—even before Covid hit—Trump was leading the US economy toward collapse.
11:25 PM - Dec 31, 2023
(Edited)
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.TheDailyEdge 12/30/23: REMINDER: Trump inherited a growing economy—the multi-year Obama-Biden recovery which became, in 2019, the longest economic expansion in U.S. history.
Trump's massive, deficit-exploding tax giveaways to the rich and corporations put an end to that.
Trump's massive, deficit-exploding tax giveaways to the rich and corporations put an end to that.
11:28 PM - Dec 31, 2023
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.TheDailyEdge 12/30/23: FACT: In 2016, Trump promised to create 25 million jobs.
In 2017 at Mar-a-Lago he laughed at #MAGA voters after his #GOPTaxScam passed.
"You all just got a lot richer," he told his rich friends & donors.
His tax cuts did nothing for workers.
In 2017 at Mar-a-Lago he laughed at #MAGA voters after his #GOPTaxScam passed.
"You all just got a lot richer," he told his rich friends & donors.
His tax cuts did nothing for workers.
11:30 PM - Dec 31, 2023
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.TheDailyEdge 12/30/23: FACT: Even though his tax breaks for the rich had already helped add $3 TRILLION to the debt, in Trump's first three years, U.S. job growth was 15% weaker than it was during Obama’s last three years...
11:31 PM - Dec 31, 2023
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.TheDailyEdge 12/30/23: ,,,By the end of 2019, [Trump] was running trillion-dollar deficits, as MAGA poverty soared. Debt was⬆️ to $23T. https://www.cnbc.com/2020/01/17/the-us-is-running-a-1-trillion-deficit-but-politicians-and-investors...
11:34 PM - Dec 31, 2023
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.TheDailyEdge 12/31/23: FACT: Pre-Covid (2016-19), Trump sent poverty soaring in "#MAGA country"
Alabama: poverty grew in 27 of 67 counties.
Texas: poverty grew in 83 of 254 counties.
Carter County, Kentucky: poverty rate surged to 31%.
Meanwhile the rich were laughing.
Alabama: poverty grew in 27 of 67 counties.
Texas: poverty grew in 83 of 254 counties.
Carter County, Kentucky: poverty rate surged to 31%.
Meanwhile the rich were laughing.
stateline.org
Poverty Grew in One-Third of Counties Despite Strong National Economy - Stateline
Despite an economic recovery that lifted people out of poverty in most areas of the country, poverty increased in at least one county in every state between 2016 and 2018. The poverty rate grew in 30% of counties between 2016 and 2018, according to a Stateline analysis of U.S. Census Bureau county e..
11:35 PM - Dec 31, 2023
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.TheDailyEdge 12/31/23: FACT: Even as the rich got richer and the poor got hungrier, Trump began 2020 with a plan to devastate "Trump Country" with cuts to Food Stamps.
Even as the pandemic began, Trump continued pushing the plan, until public outcry forced him to pause.
Even as the pandemic began, Trump continued pushing the plan, until public outcry forced him to pause.
11:36 PM - Dec 31, 2023
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.TheDailyEdge 12/31/23: FACT: Trump's first 3 years in office—i.e. before Covid began—were devastating for U.S. manufacturing.
Manufacturing was in a recession for all of 2019—shrinking 1.3%.
75,000 manufacturing jobs were lost as a direct result of Trump's trade wars.
Manufacturing was in a recession for all of 2019—shrinking 1.3%.
75,000 manufacturing jobs were lost as a direct result of Trump's trade wars.
11:38 PM - Dec 31, 2023
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.TheDailyEdge 12/31/23: FACT: 2019 was the worst year for U.S. farmers since the farm crisis of the 1980s.
Trump's socialist giveaways—$32 billion in farm aid in 2019 alone—were soaked up mainly by big companies.
Small farms got peanuts.
Farm bankruptcies soared 24%.
Trump's socialist giveaways—$32 billion in farm aid in 2019 alone—were soaked up mainly by big companies.
Small farms got peanuts.
Farm bankruptcies soared 24%.
11:40 PM - Dec 31, 2023
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.TheDailyEdge 12/31/23: Trump's trade wars were particularly devastating for #Wisconsin ... In 2019 alone, 818 dairy farms in the state went bankrupt—the most ever. https://www.agweb.com/news/livestock/dairy/wisconsin-loses-818-dairies-2019-largest-decline-state-hi...
11:43 PM - Dec 31, 2023
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.TheDailyEdge 12/31/23: FACT: Trump held up signs saying "TRUMP DIGS COAL" as he promised to restore coal mining in America.
In reality, all he dug were graves for mining companies—ELEVEN went bankrupt in his first three years.
In reality, all he dug were graves for mining companies—ELEVEN went bankrupt in his first three years.
11:44 PM - Dec 31, 2023
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.TheDailyEdge 12/31/23: FACT: While Fox News was promoting the fantasy of a booming "Trump Economy," the Rupert Murdoch-owned @WSJ couldn't argue with the facts.
After 3 years of Trump's failed policies, #WSJ summed things up on #NewYearsDay 2020:
"The American middle class is drowning."
After 3 years of Trump's failed policies, #WSJ summed things up on #NewYearsDay 2020:
"The American middle class is drowning."
11:48 PM - Dec 31, 2023
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.TheDailyEdge 12/31/23: FACT: During Trump's first three years, the damage to the U.S. economy was self-inflicted.
Trump exploded the deficit with tax giveaways for the rich, launched trade wars that crippled farmers and manufacturers—and buried the middle-class in debt.
Trump exploded the deficit with tax giveaways for the rich, launched trade wars that crippled farmers and manufacturers—and buried the middle-class in debt.
11:51 PM - Dec 31, 2023
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.TheDailyEdge 12/31/23: FACT: As 2020 began, Trump was making ridiculous claims that he had created "the greatest economy in our history."
But Trump's hot air was no match for economic reality.
The #TrumpRecession began even before Covid hit.
But Trump's hot air was no match for economic reality.
The #TrumpRecession began even before Covid hit.
11:53 PM - Dec 31, 2023
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.TheDailyEdge 12/31/23: FACT: The first 3 years of the Trump presidency were a disaster. But Year 4 was a tragedy.
While many world leaders handled #Covid19 effectively, Trump combined psychopathic recklessness with unforgivable dereliction with relentless corruption.
While many world leaders handled #Covid19 effectively, Trump combined psychopathic recklessness with unforgivable dereliction with relentless corruption.
11:55 PM - Dec 31, 2023
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.TheDailyEdge 12/31/23: FACT: Warned of the coming danger, Trump's actions in February 2020 were literally psychopathic.
He trashed the pandemic playbook given to him by Obama-Biden, golfed, held rallies and fundraisers, partied at Mar-a-Lago and went to the #Daytona500 .
He trashed the pandemic playbook given to him by Obama-Biden, golfed, held rallies and fundraisers, partied at Mar-a-Lago and went to the #Daytona500 .
11:56 PM - Dec 31, 2023
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.TheDailyEdge 12/31/23: FACT: After three years in office, it was already clear that #Trump was the dumbest person America could have picked to manage the world's largest economy.
In 2020, Trump’s abject stupidity led America into a complete and utter economic disaster.
In 2020, Trump’s abject stupidity led America into a complete and utter economic disaster.
11:59 PM - Dec 31, 2023
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.TheDailyEdge 12/31/23: FACT: By March 2020, it was clear Trump had lied us into a pandemic.
Of all his crimes, this one was unforgivable.
Trump's refusal to prioritize American lives over his re-election prospects caused hundreds of thousands to die preventable deaths.
Of all his crimes, this one was unforgivable.
Trump's refusal to prioritize American lives over his re-election prospects caused hundreds of thousands to die preventable deaths.
12:00 AM - Jan 01, 2024
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.TheDailyEdge 12/3/23: FACT: In 2020, US GDP plunged 3.5%, the worst on record.
BUT REMEMBER:
When lazy #journalists and low-info #MAGA voters tell you "things were fine before Covid," remind them:
Things weren't fine.
Trump's handling of Covid made everything worse.
BUT REMEMBER:
When lazy #journalists and low-info #MAGA voters tell you "things were fine before Covid," remind them:
Things weren't fine.
Trump's handling of Covid made everything worse.
12:02 AM - Jan 01, 2024
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.TheDailyEdge 12/30/23: Loser Trump's first three years in office brought an end to the longest expansion in US history.
By contrast, Biden's first three years delivered a spectacular economic resurgence.
Here are just some of the reasons to celebrate as we welcome 2024.
By contrast, Biden's first three years delivered a spectacular economic resurgence.
Here are just some of the reasons to celebrate as we welcome 2024.
12:03 AM - Jan 01, 2024
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.TheDailyEdge As SimonWDC writes for msnbc: "Our economic recovery has been better than any other G7 nation. GDP grew at an annual rate of 4.9% last quarter... We have the best job market since the 1960s & the lowest uninsured rate in US history." (22/x) #ThanksBiden
12:07 AM - Jan 01, 2024
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.TheDailyEdge "The Dow... broke 37,000 this month for the first time. Wage growth, new business formation and prime-age labor participation rates are all at historically elevated levels. Prices fell—yes, fell—last month. Rents are softening, & gas prices and crime rates are falling." SimonWDC
12:08 AM - Jan 01, 2024
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.TheDailyEdge "Consumer sentiment has risen sharply in recent weeks, and measures of life, job and income satisfaction are remarkably high. There is no doubt that recent years have been hard... but America... is in a far better place than when Biden took office," writes SimonWDC
.
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12:09 AM - Jan 01, 2024
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.TheDailyEdge After the economic destruction caused by Trump, Biden has restored the US economy to multi-year growth.
Without any help from the GOP (or credit from the media), he has tamed inflation—even as wage gains continue to give workers more buying power.
Without any help from the GOP (or credit from the media), he has tamed inflation—even as wage gains continue to give workers more buying power.
12:10 AM - Jan 01, 2024
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.TheDailyEdge: While #LyingGOP make false claims about crime, 2023 brought one of the largest annual drops in homicides on record.
Big declines have been seen in NYC, Chicago, Los Angeles, Detroit & other cities.
Rape, aggravated assault & robbery also declined.
Big declines have been seen in NYC, Chicago, Los Angeles, Detroit & other cities.
Rape, aggravated assault & robbery also declined.
12:13 AM - Jan 01, 2024
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.TheDailyEdge: When it comes to #jobs , Biden's success shows the true extent of Trump's failure.
Trump inherited a thriving economy—and trashed it.
Biden inherited a wreck—but made the economy great again.
In his first 3 years, Biden has created MORE THAN 400,000 JOBS PER MONTH.
Trump inherited a thriving economy—and trashed it.
Biden inherited a wreck—but made the economy great again.
In his first 3 years, Biden has created MORE THAN 400,000 JOBS PER MONTH.
12:14 AM - Jan 01, 2024
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.TheDailyEdge: "The years-long pickup in hiring has been particularly good for workers who are typically underrepresented in the labor force. Unemployment rates for Hispanic workers, Black women and people with disabilities have all hit record lows under Biden," reports washingtonpost
12:15 AM - Jan 01, 2024
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.TheDailyEdge Unlike Trump, who failed workers—and actively attacked the poor—during his first three years in office, Biden has championed American workers, including unions.
Thanks to the success of Biden's 2022 #InflationReductionAct , wage gains outpaced inflation in 2023.
Thanks to the success of Biden's 2022 #InflationReductionAct , wage gains outpaced inflation in 2023.
12:16 AM - Jan 01, 2024
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.TheDailyEdge: Thanks to Biden, outstanding student loan balances are FALLING for the 1st time in two decades—despite GOP opposition and hostile Supreme Court rulings.
Biden has canceled $132B in #studentloans for 3.6M Americans & increased Pell Grants to low- & middle-income students.
Biden has canceled $132B in #studentloans for 3.6M Americans & increased Pell Grants to low- & middle-income students.
12:17 AM - Jan 01, 2024
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.TheDailyEdge Trump failed on #manufacturing in his first 3 years, plunging US manufacturing into a 2019 recession, costing tens of thousands of jobs (see above).
Politifact: Biden has delivered the strongest post-recession manufacturing rebound in 72 years.
Politifact: Biden has delivered the strongest post-recession manufacturing rebound in 72 years.
12:18 AM - Jan 01, 2024
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.TheDailyEdge: In his first 3 years, Biden has created nearly 800,000 manufacturing jobs—despite the GOP's continued assault on American workers.
Biden's Infrastructure Law, the CHIPS Act, & the Inflation Reduction Act, have all been instrumental in boosting manufacturing job creation.
Biden's Infrastructure Law, the CHIPS Act, & the Inflation Reduction Act, have all been instrumental in boosting manufacturing job creation.
12:20 AM - Jan 01, 2024
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.TheDailyEdge After 3 years of Trump, the American middle class was "drowning," said the @WSJ
while consumer spending was drying up.
After 3 years of Biden, we have 14 million new jobs, wages are rising & consumer confidence is surging.
while consumer spending was drying up.
After 3 years of Biden, we have 14 million new jobs, wages are rising & consumer confidence is surging.
12:21 AM - Jan 01, 2024
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"When Black small businesses grow, everything benefits," says Biden.
Under Biden, Black business ownership has grown at the fastest rate in 30 years & the SBA has more than doubled the number and $ amount of loans to Black-owned small businesses.
Under Biden, Black business ownership has grown at the fastest rate in 30 years & the SBA has more than doubled the number and $ amount of loans to Black-owned small businesses.
12:23 AM - Jan 01, 2024
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.TheDailyEdge Trump failed to help Black Americans build wealth.
But under Biden, median wealth of Black Americans has reached all-time highs.
The Federal Reserve Survey on Consumer Finances shows wealth for the typical Black family rose 61% from 2019 to 2022.
But under Biden, median wealth of Black Americans has reached all-time highs.
The Federal Reserve Survey on Consumer Finances shows wealth for the typical Black family rose 61% from 2019 to 2022.
12:24 AM - Jan 01, 2024
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.TheDailyEdge Thanks to the support of my paid subscribers, my newsletter is ad-free and has no paywall.
Sign up ⬇️ to get future issues delivered FREE by email... or, if you can, consider supporting with a paid annual subscription for $2/month at link in bio. https://unprecedented.ghost.io
Sign up ⬇️ to get future issues delivered FREE by email... or, if you can, consider supporting with a paid annual subscription for $2/month at link in bio. https://unprecedented.ghost.io
12:25 AM - Jan 01, 2024
