Usually, a President that delivered seven million new jobs and a historically low unemployment rate can run for re-election on his economic program. Unfortunately, the Covid-19 pandemic destroyed the economy. Thus, President Trump’s masterful stewardship of the economy is no longer apparent as Americans struggle to deal with economic lockdowns, virus mandates, and high unemployment.
As the nation returns to lockdown mode again with an increase in virus numbers, economic progress will be curtailed. This issue is no longer the President’s best way to win re-election.
Could we possibly have a worse leader during the greatest national crises in modern American history than we do right now with President Donald Trump?
I’m serious. I only wish he would take the Coronavirus seriously, more than he takes his own political campaign and personal future.
For one, the economy is in complete shambles.
In the 1992 presidential campaign, candidate Bill Clinton referred to himself as the “comeback kid” after his second-place finish in the New Hampshire primary. Only a slick candidate with the skill of Bill Clinton would be able to turn a loss by 8% into a victory. However, his characterization, supported by the media, gave his campaign momentum and he eventually won the Democratic Party’s presidential nomination and the White House.
In this campaign, the real “comeback kid” is President Donald Trump. Of course, unlike Clinton, he has had to endure constant negative media coverage and unrelenting abuse from Democrats, the Deep State and anti-Trump elements in the Republican Party. This President never received a honeymoon and was subjected to the Russia hoax, the Stormy Daniels investigation, a two-year Special Counsel witch hunt, the Ukraine hoax, impeachment and constant leaks and backstabbing from his own administration.
As you grab your hat on the way out the door to work did you know?
The coronavirus, aka Covid-19, is a scheme to destroy the American economy, to bring down President Donald Trump and to install socialism as a body-politic.
Or, at least, that is what I have read on twitter, other social media and have heard on rush radio and the like.
In February, the nation added 273,000 jobs to the economy and the unemployment rate was only 3.5%. The Trump economy was booming, the stock market was hitting record highs and the American public was confident about the future of the economy. My, how times have changed.
Since that idyllic period, worries about the coronavirus have exploded and the nation’s economy has been essentially shut down, except for certain critical sectors. All indicators have moved to negative territory. For example, the stock market is down about 30% from its February all-time high.
Leading Democratic presidential candidate U.S. Senator Elizabeth Warren (D-MA) has officially unveiled her “Medicare for All” plan. This program is based on fantasy financing. According to Warren, it will cost $52 trillion over ten years, but a middle-class tax increase will not be needed.
Yesterday, our federal debt reached $22 trillion, a new record for our country. Since President Trump took office in January of 2017, our debt has increased over $2 trillion. During the administration of President Obama, the debt increased from $10.6 trillion to $19.9 trillion. Thus, the national debt has more than doubled in 10 years as it is increasing more than $1 trillion per year.
Over the next several weeks, Americans will be going to the polls in the most eagerly anticipated and consequential mid-term election in our nation’s history. Voters will decide whether to continue the President’s agenda which includes cutting regulations and taxes, boosting our military, renegotiating our trade deals, and focusing on border security.
The White House today touted the Dow new record, the record breaking unemployment and other issues.
In elections, Americans usually have an overriding issue on their minds: the economy. In 1992, for Bill Clinton’s presidential campaign, famed political consultant James Carville coined the phrase, “It’s the Economy Stupid!” to highlight their focus.
After the successful Desert Storm operation in the Persian Gulf, Americans were renewing their attention on the economy in 1992. In that election, the economy was in a tailspin and a recession was dampening the financial prospects for millions of Americans.