Democrats who got 'RICH' while you went broke

Democrat policy and economic growth go together like whiskey and sour milk, it doesn't happen, and for good reason.

The bank accounts of big-name Democrats tend to grow while they are in office despite any economic turmoil that the country finds itself in. Interesting how that works.

https://trumptrainnews.com/2021/10/22/the-democrats-who-made-bank-while-you-went-broke/

For starters, the link provides us with seven names of big-name Democrats who made bank while the rest of America goes broke. Those names: Barack Obama, Michelle Obama, Maxine Waters, Joe Biden, Nancy Pelosi, Hillary & Bill Clinton.

Its also interesting to realize and to note that before the China virus hit, our economy under Trump was breaking all kinds of records where people all across the nation were doing just fine. Yet, despite America's incredible economic success under Trump, he (Trump) refused to take the presidential salary, and lost millions of dollars by fighting off the Democrat's Deep State's constant attack on him and on his family.

 

Thanks Obama.

 

LOL! Much of Trump's economic success was because he cut obama's massive tax increases and because he cut and eliminated most of obama's massive business killing regulations. Remember, Trump is a successful capitalist as opposed to being a failed socialist. I suppose you blame Trump for our current amazing economy collapse under biden....LOL!

 

Nope, the economy was in full swing when trump got elected.

 

Yeah right! Can you name any big wig dems (like those from the OP, especially biden) that aren't 'STILL' getting 'RICH' under biden's current disastrous economy?

 

Yep right.

 

Trump tax cuts for the rich

Trump even gave Golf Courses special tax cuts

 

All rich people are getting richer, right and left, and that is due to the advent of neoliberalism accellerated under Reagan.

If you look at the wage/wealth gap graphs, the trend is clear, where wealth accelerated under Reagan, and continued therefrom, wages and salaries remained flat.

To turn that ship around, close the wealth gap, that can't be done on a dime or within one presidential term. But, all subsequent presidents were neolibs, but more heavily on the right than the left.

We can track the decline of America directly (as measured by the wage/wealth gap) proportional to the acceleration of neoliberalism and it's 'free market is God' philosophy, brought to the mainstream by Reagan, furthered by subsequent presidents, mostly on the right ( all repub presidents since Reagan were neolibs and Trump is a neolib because of expedience, though parading as a populist for popularity's sake), but Clinton was also a neolib, Obama, not so much, and though, once upon a time, Biden was thought to be a neolib, but his embrace of progressivism clearly has shed that political skin.

Therefore, blaming the right for the decline of America is logical. Your interpretation is myopic and twisting and cherry picking facts to further a bogus right wing agenda ignoring the broader landscape.

Hopefully, with the fact that America is slowly shifting to the left, it will be the end of the neoliberal era and neoliberalism ( parading as the new conservatism, 'neocon' ) will be an asterisk in the footnotes of history. It will take more than one presidential term restoring liberalism to right the great wrong that neoliberalism has done to America.

America's economic issues (supply chain interruptions) are due to the pandemic (and extreme climate isn't helping), and you know it. Inflation is due to two unpaid for stimulus bills (spanning Trump and Biden) , unpaid for because of Trump's tax cut.

 

As I've posted before, this prima facie false meme has gone from trite to ridiculous to completely inane. It has surpassed Chicken Little with its stupidity.

 

your denying the biggest bill Trump got passed, ever happened?

 

So you no longer believe that free enterprise and work should lead to financial reward, at leasst for Democrats?

 

Of course not; don't be silly. I was merely pointing out the obvious that lower and middle income people fared much better than the rich from Trump's tax act, and that spouting otherwise is inane.

 

not hardly, not to mention the rich tax cuts was permanent, the working class got a temporary carrot

and you watch, when Biden tries to extend that temporary carrot, republican will demand more tax cuts for the rich

 

The wealthiest in our nation benefited as never before under Dirty Donalds tax rates, and they still are as they have profiteered during the pandemic.

 

Maybe that's why the stock market and the economy performs better under democrats.

FACTS:

10 of 11 recessions occurred when a republican was president.

Both instances of when the nation crashed and led to a depression, or close to it ( 1929 and 2008 ) A republican was president.

https://en.wikipedia.org/wiki/U.S._economic_performance_under_Democratic_and_Republican_presidents

Historically, the United States economy has performed better on average under the administration of Democratic presidents than Republican presidents since World War II. The reasons for this are debated, and the observation applies to economic variables including job creation, GDP growth, and stock market returns. The unemployment rate has fallen on average under Democratic presidents, while it has risen on average under Republican presidents. Budget deficits relative to the size of the economy were lower on average for Democratic presidents.[1][2] Ten of the 11 U.S. recessions between 1953 and 2020 began under Republican presidents.[3]

http://www.presidentialdata.org

• Ten of the last eleven recessions have occurred under Republican Presidents.
• Democratic presidents create more than twice as many jobs per year as Republican Presidents.
• Republican presidents' deficits are 54% larger than Democrats' and 65% higher as a percent of GDP.
• GDP grows 75% faster under Democratic Presidents.
• Business investment has grown twice as fast under Democratic Presidents than under Republican Presidents.
• Forbes Guest Post (11/7/16): The Economy Does Better Under The Democrats

https://www.forbes.com/sites/realsp...s-better-under-the-democrats/?sh=5c7a8f466786

The only agenda that is harmful to the nation is the one by republicans which has undermined confidence in election based on no evidence, and to that extent, and eroded a core American value, called 'democracy', not to mention Trump is the most despicable president in history , a threat to US National Security and unfit to serve as president, more so than any president in history, all of which is the right wing agenda to back him, not to mention that republican administrations have had far more convictions and indictments that democratic administrations.


LOL

 

the corps got rich, so rich they're traveling to space for fun, how you all doing

those Trump tax cuts for the rich sure helped

 

Yeah, like $1.50 gas. Good thing Biden reversed those Trump tax cuts for the rich....now it's $3.50 gas! Woohoo! SMFH. Anything food related is damn near up 20% across the board under President Potato Brain.....we've got it so good now.

 

Trump told them to reduce the oil supply in the middle of last year, Trump did not want us to have cheap gas, he said it was bad for US oil companies

US oil companies laughing all the way to the bank...Thanks Trump

 

So, your claim is that doubling the standard deduction and limiting itemized deductions represents a "tax cut for the rich"?

In case you haven't noticed, Biden and the Democrats have taxed everyone, hurting mostly poor and middle class families with their monster inflation.

 

What about the very rich REPUBLICANS like Rich Mitch who went to D.C. without two cents to rub against each other and is now a Multi Millionaire

 

Biden has not touched taxes

 

You don't think Biden's $1.9T payoff that caused monster inflation was a tax directed at the poor and elderly? Where have you been?

 

Did Mitch invest in Amazon before announcing that he was shutting down brick and mortar retail? Nope. That was Pelosi.

Was Mitch offered participation in the VISA IPO in exchange for blocking swipe fee legislation? Nope. Pelosi.

If you can point to Mitch using inside information to make a killing, I would be critical. Bring it on.

 

So did Nancy Pelosi....who apparently is now worth over $100 million. She led Congress in insider trading.

 

do you think Trump's was a pay off to the poor?