If the economic data from President Barack Obama’s administration is any indicator, a potential President Joe Biden administration would see lackluster economic growth, a return to the absurdity of “clean energy,” and a complete loss of optimism.
Rumors continue to swirl about a former Vice President Joe Biden mounting a presidential campaign in 2020 after he met with failed presidential candidate Hillary Clinton earlier this month, which leads many to wonder what a return to Obama-era policies may mean for the United States economy.
If the 8 years Biden spent riding shotgun to President Obama are any indication, a hypothetical Biden administration could bring below average economic growth, lackadaisical job growth, and a return to massive spending on failed pet projects.
When President Obama took office in 2009, he unveiled a massive stimulus package designed to jump start the American economy. Instead, the economy grew at an average pace, and even constricted during several quarters during the Obama administration.
For example, in the last four years of President Obama’s administration alone, the economy shrunk three times. On another four occasions, it grew less than 1 per cent.
Meanwhile in President Donald J. Trump’s still-young presidency, the economy has grown steadily, sometimes achieving growth rates as high as 4.2 per cent in a quarter, and never less than the 1.8 per cent from the first quarter of 2017, when President Obama was still in office for 20 days.
Under President Obama, the annual GDP growth was never higher than 2.6 per cent, and sometimes was as low as 1.6 per cent.
Again, President Trump has exceeded his predecessor and expectations set for the United States, so far achieving an average growth rate of 2.5 per cent. Under Obama’s administration, economists expected the United States economy to grow at an average rate of only 1.8 per cent from 2018-2028.
Most tellingly are the different approaches to economic growth. While President Trump has focused on renegotiating or abandoning globalist trade deals, cutting and simplifying taxes, and working with businesses to increase investment in the United States, President Obama released stimulus package focused on “clean energy” and “low-carbon technologies.”
While the Obama administration was still attempting to brag about its futile spending as recently as February of 2016, its failures are well noted. Among them is Solyndra, the solar panel company that received $500 million in taxpayer dollars and promptly went bankrupt.
Of course, again drawing a sharp contrast to the Obama-Biden agenda, President Trump has instead focused on clean coal production. In the first few months of his administration, mining support jobs had already risen in demand by 37 per cent.
Unless Biden offers something substantially different from the man he shared the White House with, we can expect a return to the same failed policies of President Obama’s reign, and we can expect the economy to suffer accordingly.
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POLL: Trump’s Pick Doug Collins is Beating Georgia RINO Senator Kelly Loeffler by 23 Points in New Poll
This is great news for Georgians who want an “America First” Senator.
A recent poll has indicated that Rep. Doug Collins (R-GA) is crushing incumbent Sen. Kelly Loeffler (R-GA) by 23 points, as the unelected appointee is hemorrhaging support after being accused of insider trading.
Battleground Connect conducted a survey throughout the state of Georgia from March 30 to April 1, asking about which candidate the respondents support in this year’s special election for the U.S. Senate. In addition to Loeffler and Collins, respondents also mentioned at least five other individuals as their preferred candidate in the race.
Collins devastated Loeffler in the new poll, receiving 36 percent of the support from Georgia voters. Loeffler only received 13 percent of the support. In the previous poll, Collins had a mere eight point lead over Loeffler. He now has accumulated 70 percent of the support from Republican voters, compared to Loeffler’s paltry 20 percent.
In a comparison of Collins’ level of support against the leading Democrat in the race, Collins beats Democrat Raphael Warnock by a margin of 49 percent to 36 percent. Loeffler is actually losing to Warnock by a margin of 40 percent to 41 percent in the poll.
Loeffler’s unfavorable ratings have grown to an incredible 55 percent, with Georgia voters rejecting the former Mitt Romney super-donor. This may be due to a recent scandal in which Loeffler was exposed for selling stock after receiving privileged information about the coronavirus pandemic at an exclusive Senate briefing.
Big League Politics reported on Loeffler’s dirty dealings that have been compared to insider trading by many observers:
Sen. Kelly Loeffler (R-GA), who was appointed to her post undemocratically against the wishes of President Donald Trump, has been revealed for selling stock shortly after a private briefing on the coronavirus.
She and her husband sold off a stunning seven figures worth of stock options after the Senate Health Committee held a private meeting with all Senators to brief them about the growing coronavirus epidemic.
“Appreciate today’s briefing from the President’s top health officials on the novel coronavirus outbreak. These men and women are working around the clock to keep our country safe and healthy,” Loeffler wrote in a tweet about the briefing at the time.
Loeffler dumped stocks worth between $50,001 and $100,000 in Resideo Technologies following the hearing. The stock for Resideo has dropped by half since that point, as the Dow Jones has tanked by losing roughly 10,000 points.
She also made a buy of between $100,000 and $250,000 in Citrix, a tech firm specializing in teleworking that has bucked the market during its downturn due to the increased demand for remote networking because of coronavirus.
The residents of Georgia are getting to know Loeffler, who was a relative unknown before her appointment to the Senate, and they do not like what they seeing. Collins is the prohibitive favorite heading into November’s special election.
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