Summary
President Joe Biden touted his administration’s economic recovery efforts, citing job growth, reduced inflation, and infrastructure investments, as he prepares to hand off a strong economy to Donald Trump.
Biden criticized Trump’s proposed steep tariffs on imports, warning they could harm the economy and reintroduce inflation.
Trump plans tariffs against China, Mexico, and Canada, raising concerns about trade disruptions similar to those seen during his first term.
Economists caution that such policies could quickly reverse recent economic gains and weaken the U.S. economy.
And we should be thankful because it could have been, and almost certainly will be, much worse under Republican management.
The only way to truly solve these problems is with a supermajority willing to tax the rich and expand benefits and protections to the needy and working class, but the USA voted against that so they won’t get solutions. In fact, the Republicans are primed to write the new Tax Plan when the old one expires in 2026, and their last plan was fucking catastrophic, so sucks to suck for them.