It’s no secret that Donald Trump has been desperately trying to build his 2020 presidential campaign on the same idea as his 2016 presidential campaign — a booming United States economy.
The only problem is, it’s pretty much impossible to build a campaign on something that doesn’t actually exist. At least, not in the way Trump wants you to believe it does.
During his 2016 campaign days, Trump had the unique ability of banking on nothing more than a “promise” to the American people, as it would be his first term in office. But this go-around, he doesn’t have the previous administration to blame for the terrible state of the economy, as he is the previous administration. And while Trump has admittedly had a few high points in the economy over the past dreadful 4 years, every one of those moments was built on a straw foundation, and easily blown over by a big, bad wolf such as the COVID-19 pandemic.
In the end, what Trump wants the American people to believe and use as a reason to vote for him simply is not there.
Stay up-to-date with the latest news!
Subscribe and start recieving our daily emails.
As if that fact alone wasn’t bad enough for the crybaby-in-chief, a recent analysis from Donnie’s very own alma mater just hit him where it truly hurts when they determined that Donald’s opponent, Joe Biden’s, economic proposals will lead to better economic growth than Trump’s.
CBS News reported on the analysis, “Joe Biden’s economic proposals would create a faster growing economy, higher wages for American workers and reduce the debt compared to where the U.S. is headed under President Donald Trump, according to new analysis from the University of Pennsylvania’s Wharton School.”
An analysis of Trump’s second term economic proposals wasn’t possible, as they don’t exist, but Wharton was able to “compare Biden’s proposals to where the Congressional Budget Office believes the economy will be in a decade with Mr. Trump’s current plans, including the 2017 tax cuts, in place.”
It was that analysis and comparison that allowed them to determine that Biden’s plan for “productive spending” on things like healthcare, education, and infrastructure would like to a stronger, more robust economy.
The report reads:
The analysis, published on Monday, found that Biden’s proposals on education, infrastructure and health care would largely pay for themselves. That would be in part by raising taxes, but also by boosting wages and lowering health care costs.
‘If you got the U.S. on this path, you would lower the debt and raise GDP,’ said Richard Prisinzano, the director of policy analysis at the Penn Wharton Budget Model, a nonpartisan group at the top business school. ‘It is productive spending that Mr. Biden is proposing.’
Wharton’s analysis was compiled over the past few weeks, and does not include Biden’s recent proposal to penalize, through higher taxes, companies that move jobs and manufacturing overseas. Penn Wharton could not do a similar analysis for Mr. Trump, according to Prisinzano, because the Republican incumbent hasn’t offered any plans for his second term with enough detail to do an analysis.
But Wharton school researchers were able to compare Biden’s proposals to where the Congressional Budget Office believes the economy will be in a decade with Mr. Trump’s current plans, including the 2017 tax cuts, in place.”
The fact of the matter is, Donald Trump absolutely destroyed what little was left of the US economy when he botched the government’s response to the pandemic at every turn. At this point, he can’t even really pretend to offer up a strong, booming economy going into the election.
Simply put, Trump has nothing to offer this country, while we stand to have so much to gain with Joe Biden at the wheel.
You can read the full report here.
Featured image via Flickr/Gage Skidmore, under Creative Commons license 2.0
Can’t get enough Political Tribune? Follow us on Twitter!
Looking for more video content? Subscribe to our channel on YouTube!
