General Discussion

Johnny2X2X

(19,252 posts)

37. I think the media buys this myth of the pre Covid Trump economy

Tue Mar 5, 2024, 12:56 PM

Mar 5

As if his "greatest economy in history" talk had any shred of credibility. Before Covid was even known, his jobs record was 167,000 jobs a month added, that's not good, that's no where close to Biden's jobs record. And in late 2019, wage growth finally started creeping a tenth of a point or two higher than inflation and he bragged about it endlessly. But by and large people did not get ahead at all in his 3 years before Covid. It was great for the rich, bad for the working class. Now we've seen almost a year where wage growth has been a full 1% or more above inflation, and people rarely even talk about it.

And that's not even getting into things like people having health care, which went way down under Trump as he tried to destroy Obamacare but is now back up thanks to Biden.

Trump inherited a growing economy from Obama with record low unemplyment, he largely kept it in neutral for 3 years and then his mismanagement of Covid left a giant smoldering hole in the ground for Joe Biden to deal with. The GPD growth we're seeing now dwarfs Trump's best outputs, and it's not built on the investor class, but on the working class. Dems are just better on the economy, have been for generations. And Biden is light years better for working people than Trump.

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(Poll) Are you better off now than 4 years ago? pre-Covid [View all] Johnny2X2X Mar 5 OP

No Polybius Mar 5 #1

Wow Johnny2X2X Mar 5 #8

Individual Polybius Mar 5 #10

Sorry Johnny2X2X Mar 5 #13

Can you consider putting future savings in an S&P index fund? Nt spooky3 Mar 5 #32

Ouch! Ms. Toad Mar 5 #42

A lot of retirement stock are tied to the bond market Johonny Mar 5 #11

Mie is over 30%. sinkingfeeling Mar 5 #20

I am sorry to hear that. ProudMNDemocrat Mar 5 #41

Our investments lost 10% in 2022, but regained everything in 2023. brooklynite Mar 5 #46

Your stocks are down that much? yardwork Mar 5 #53

Stocks down 75%? You need a new broker. spanone Mar 5 #55

Despite inflation, and all the horrors, I personally am doing much better niyad Mar 5 #2

Much better. Happy Hoosier Mar 5 #3

I voted yes Johnny2X2X Mar 5 #4

laid off 4 years ago, now making 2/3 my former $ RainCaster Mar 5 #5

I hope your $ improve. Your answer had to be complicated karynnj Mar 5 #9

Yes redqueen Mar 5 #6

Much better in most respects PatSeg Mar 5 #7

Money in the bank Johnny2X2X Mar 5 #17

Those statistics are interesting PatSeg Mar 5 #24

Great post Johnny2X2X Mar 5 #27

That brings back so memories PatSeg Mar 5 #38

Student loans Johnny2X2X Mar 5 #12

Much better Trashman272 Mar 5 #14

About the same ITAL Mar 5 #15

Everyone I know is way better off now than before 2020. Higher income, better jobs. Heck my youngest is graduating MenloParque Mar 5 #16

Same Johnny2X2X Mar 5 #18

Yes and no. All Mixed Up Mar 5 #19

Hope you can find a good new one. Nt spooky3 Mar 5 #33

My retirement/401k is the highest it's ever been - right now; my salary LeftinOH Mar 5 #21

Yes, much better! beaglelover Mar 5 #22

I am genuinely shocked at these results Johnny2X2X Mar 5 #23

Or limbicnuminousity Mar 5 #28

Was trying to only get the pulse of DU Johnny2X2X Mar 5 #31

Fair enough limbicnuminousity Mar 5 #35

More good data in the internals regarding low income workers Johnny2X2X Mar 5 #39

Doing better because of investments but lynintenn Mar 5 #25

I've been treading water for years pfitz59 Mar 5 #26

i have made more money, , saved more money and spent more on luxury expenses than the previous 4 MistakenLamb Mar 5 #29

I have gained back my losses from Trump's Emile Mar 5 #30

I think the media buys this myth of the pre Covid Trump economy Johnny2X2X Mar 5 #37

Financially yes; health no, but it's not terrible. Nt spooky3 Mar 5 #34

Anecdotally, I have been trying to hire people to remodel my home, with no luck. Midnight Writer Mar 5 #36

And plumbers. It seems they've gone extinct. Vinca Mar 5 #40

Yes. ProudMNDemocrat Mar 5 #43

No TexasBushwhacker Mar 5 #44

I contemplated that. Ms. Toad Mar 5 #48

I really need to work at least another year TexasBushwhacker Mar 5 #50

I don't know what your aptitudes are - Ms. Toad Mar 5 #54

Way the hell better... GreenWave Mar 5 #45

Own personal finances and general situation are two different things. Ms. Toad Mar 5 #47

Yes and no. We got "Got mine!" better Sympthsical Mar 5 #49

Not sure on the K shaped Johnny2X2X Mar 5 #56

I'm in a much worse spot happybird Mar 5 #51

I'm older and fatter. Oh! You meant am I better off under Biden? yardwork Mar 5 #52

Financially much, much worse Tree-Hugger Mar 5 #57

Very sorry for your situation Johnny2X2X Mar 5 #59

Chugging along GenThePerservering Mar 5 #58

I turned 80 last Sunday. Ping Tung Mar 5 #60