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.
Presidential Debate Commission Considers Major Rule Changes, Which May Include Muting Trump’s Microphone
They are desperate to protect Joe Biden.
President Donald Trump smacked down former vice president Joe Biden so brutally in last night’s presidential debate that the commission is considering changing the rules to give Biden a leg up in future debates.
The Commission on Presidential Debates made the announcement on Wednesday that they are going to be changing the rules of the game to hurt President Trump, which may even include the ability to mute Trump’s microphone.
They issued a statement saying that the debate “made clear that additional structure should be added to the format of the remaining debates to ensure a more orderly discussion of the issues.”
President Trump, who was frequently double-teamed by Biden and biased globalist moderator Chris Wallace, was forced to fight two men during the debate, but this wasn’t enough to give Biden the advantage. This is why they are considering changing the rules in the middle of the game.
Of course, the Commission on Presidential Debates praised Wallace for attacking Trump and propping up Biden throughout the debate.
“The CPD will be carefully considering the changes that it will adopt and will announce those measures shortly,” the organization said. “The Commission is grateful to Chris Wallace for the professionalism and skill he brought to last night’s debate and intends to ensure that additional tools to maintain order are in place for the remaining debates.”
They have assured CBS News that “we are going to be making changes” before the next debate. This is clearly designed to hurt Trump and bias the proceedings even further against the president.
Tim Murtaugh, communications director for the Trump campaign, is calling out the commission for their partisan and reprehensible behavior.
“They’re only doing this because their guy got pummeled last night,” he said in a statement. “President Trump was the dominant force and now Joe Biden is trying to work the refs. They shouldn’t be moving the goalposts and changing the rules in the middle of the game.”
Kate Bedingfield, deputy campaign manager for Biden’s campaign, is counting on the rules being changed to help Biden.
“He’ll be focused on answering questions from the voters there, under whatever set of rules the Commission develops to try to contain Donald Trump’s behavior,” Bedingfield said in a statement. “The president will have to choose between responding to voters about questions for which he has offered no answers in this campaign — or repeating last night’s unhinged meltdown.”
Big League Politics reported on how Wallace constantly interrupted President Trump and served as a surrogate for Biden while he was supposed to be the non-biased moderator:
The Donald Trump campaign has indicated that ‘neutral’ moderator Chris Wallace interrupted President Trump a whopping 76 times during Tuesday’s debate. Wallace, who is known for harboring liberal sympathies, was widely criticized by conservatives for his partiality in moderating the contest…
It appears that Biden actually spent more time talking during the debate than Trump did, despite Wallace consistently maintaining that Trump was breaking the rules.
Wallace continually invoked the rules that allot two minutes for each answer to each candidate, but declined to interrupt Biden when he violated them. He flouted neutrality most during the ‘open discussion’ segments, waiting for a moment when Biden appeared flustered or challenged by the President to change the subject.
Wallace conveniently changed the subject when Trump pressed Biden to identify any law enforcement union that endorsed him…
Wallace also provided the same convenient handicap when Biden described the terrorist group ANTIFA as an ‘idea.’…
Biden assailed Trump with a hail of personally charged insults, calling him a ‘clown,’ a ‘racist,’ a ‘fool,’ and a ‘puppy.’ Wallace did not object to any of the character attacks utilized by Biden…
At this point, if Biden refuses to a contest with a moderator unaffiliated with a mainstream corporate media outlet, just do the debates without a moderator. Have the two candidates speak in an open-ended fashion without the use of a convenient handicap to cut off any content that might prove harmful to the Democrat’s electoral prospects.
The electoral integrity for November’s vote is already severely jeopardized. President Trump might want to consider suspending the elections in order to protect the Republic from the anti-democratic coup that is in progress.
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