The Roads to Nostalgia about Trump's economy
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- Опубликовано: 10 июл 2024
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Beau of The Fifth Column main channel: / beauofthefifthcolumn
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In the past 40 years we've had 7 Presidents; 4 Republican and 3 Democrat. The 4 Republicans saw the U.S. economy enter a recession before they left office, and so a Democrat came in to fix the economy. The Democrat saw the U.S. economy recovering by the time he left office only to have a Republican replace him and continue the cycle over again.
… the donors want the Democrats in office just long enough to fix the economy, but out of office before they can shift their focus to fixing the tax system.
@@TRE45ON.is.Bat5hit.Crazy.U.S.G absolutely true !! But they’ll neve own up to it they lie and say the economy was falling when they took over , pathetic liars that they are , they give tax breaks to the rich and make the poor snd middle class pick up the tab for it just like trump did , and with a repub. house Joe hasn’t been able to raise the riches taxes back ti where they actually pay taxes !! 🤬
Every single time there's a Republican in the White House, the economy tanks and there's a recession. This has been true across my entire life. It's so damned reliable that I can't even tell where the myth that Republicans were ever any good for the economy came from.
They make the owner class wealthier, no doubt. Everyone else always does worse. Every. Single. Time.
You are absolutely correct. I'm 65 so that 40 years.....that's pretty much my adult life. Every time a Democrat is in the W.H. I make money BUT then the genius American public votes in a republiscum and the economy TANKS and I lose a bunch. A Democrat replaces the moron and I start making money again. Happens every time.
The worst part of this undeniable trend? *I'M CANADIAN!!!!* I don't get a vote but I sure get to pay for those who do!
Truth! And, if you point out facts like these, the cognitive dissonance is so thick it can be cut with a knife. I believe it has to do with the way he makes his followers feel, not to mention some heavy Ruzzian style propaganda techniques. We have to do our best to break through, so we don't have a return to that level of cravenness in government.
“Gas was so cheap back when everything was shut down and thousands of people were dying every day…”
Demand is high the price is HIGH...
While demand is lOw the price goes dOWn...
When the country was shut dOWn less people drove.
Dont forget the culterCONS voted AGAINST the gas price gouging bill after all their hypocritical whining about it!! 🙄
@@jerrykinyon111the average American citizen acts like they have DOWNs syndrome too… anyone who votes Red is brain dead.
Just remind them that claiming credit for cheap gas also claims responsibility for the shutdowns. Make Breadlines Great Again?
@@Combatwhombat
Amnesia - explains when one forgets... what one says. Calling for violence... Then saying there is violence. Questions their intelligence.
It amazes me how easily and quickly forget what actually happened with trumps economy.
It is a function of memory and intelligence. Stupid people don't remember anything. That is why they never learn from their mistakes.
But it was Obama’s economy according to your guy!
And the millions of people he killed by ignorance also let’s not forget the children and babies in diapers trump ripped out if the arms of crying parents , whiie trump sent the parents back but either shipped off kids and babies off across the country to be adopted and made no attempt to keep records so that any of those families could be reunited ! His goal was to cause pain and suffering just as he always does as often as he can ! Trumps game is control over others while collecting their money ! So project 2025 works very well in his plans ! People need to wake up before we are living under a.dictator !! Vote 💙💙💙💙💙💙
@@MrBreeze66 It was until Trump touched it. Just like everything Trump touches...
They trust him more than their memory. A handful remember and think "owning the libs" is more important than reality.
Imagine if CNN, MSNBC, ABC spent as much time reminding people about 'trumps economy' as they did fretting about Biden's age...
This 👆🏻💯
@bikebudha01, all the CEO's of those stations have donated to Trump's campaign. It's as if they want Trump to win.
@@johndigiacomo1674 yeah...
@bikebudha1, it's as if they pretended to be fair and liberal to spring a trap. Their call for Biden to step down is just suicide. Biden is the only one who can beat Trump (except maybe Bernie) and if he goes his campaign war chest also goes, any Democrat would have to start from scratch. Every one of his subsequent speeches and interviews have been completely cogent and intelligent. These people are just trying to sensationalize b------t.
When you spend 7.8 trillion in debt and give tax cuts to the rich...the economy suffers
When you spend 3 billion a day on illegals it adds up.
If you spend 7.8T and create no new jobs, no new infrastructure, where's the money go?
It expands for a while, but that structural deficit causes, yep, inflation.
@@Combatwhombat That money mostly went to illegals and other nations.
@@imperialmotoring3789 no, it didn't.
It went into PPP grants and corporate handouts. International aid (both military and humanitarian) is less than 1% of the budget.
Let me guess, the reason you're fat is the gum you chew. 🙄
I am self employed. The trade war began in the spring of 2018. At that time I was on about a 3 year run of business being very good. When trump announced the start of the trade war, I got nervous. By the end of that summer, business had gotten as bad as the aftermath of 2008. I hang that on one man alone.
He isn't smart enough to know how protective tariffs work. He just goes crashing and bashing like a moron with everything he does. Hope you're doing better now.
It sounds like you made it through, no thanks to the former president. The whole thing was a disaster. Small businesses were already struggling before Covid hit. I watched building vacancies open up, one after the other. Those spots had held stores and restaurants.
Takes credit for the accomplishments of others. Blames others for his fuck ups.
Showed you speak your mind without sensor. Straight to the point👍
There are a lot of stupid people in this Country that believe republi”con” bullshit. That is why we have the problems we have
That’s the GOP way
I remember waking up every morning fearing what Trump would do that day/week. Obama did every move with more thought about outcomes than any other President, because he knew he had to.
Exactly. I could barely notice the economy because I was in a constant state of anxiety.
My thoughts turning on the news every day during the tRump admin: "What fresh hell is this?"
Truth!🍀
He had pros make the playbook and have the agency to deal with outbreaks after Ebola. A smoke detector so the WHO could get ahead of things. Trump took the batteries out of the smoke detector, to save money. "We can get these people back here very quickly"
But Trump’s tax cuts were amazing! As a blue collar worker I was thrilled to save $40 in taxes the first year, $0 the second year and then they went back up from there but I don’t want to acknowledge that so instead I blame the trans community.
Lol. Nice
Sarcasm at it's best😅
Yeah, those $40 will get anybody a long way. Lol
Oil and hedge fund execs got new yachts and that's what matters at the end of the day
😂
I remember that homelessness increased significantly under trump also remember my medical insurance became much more expensive and less comprehensive under trump
So that is what 45-34 meant by "new healthcare package"?!
What a 🤬
💙🩵🍀🐦⬛🦋
Our health insurance got cancelled 2 months before we had our second kid. That was awesome…
@@jeffdroz5294that’s cruel. Really puts into perspective all their claims of being “pro life” 😖
They only care about life, until birth.
@@jamesowensii2562 *unless one of them “accidentally” impregnates the woman they’re cheating on their wife with. The GOP has a particularly cruel brand of hypocrisy 🙄
I don’t know why people miss so much of what was going on with Trump. Wake up people.
They drank the Kool-Aid. I mean, he was such a financial genius that he bankrupted a *casino*.
@@heidim7732
45-34 tried to sue a Tribal Casino....and lost.
Most people weren't paying attention. All they remember is that they were struggling less.
If a lie is repeated frequently enough …
They think FOX is fair, balanced, and honest
I was working at a DIY big box store when trump started the trade wars. Within days we were running out of construction materials. Our suppliers had to scramble to find new vendors. We had empty shelves for months while they were being sourced. Customers complained to me every day about unavailability and increased prices. They wouldn’t remember that today.
And then the supply chain choked. Biden fixed that too. Pretty quickly.
Some will remember...and blame store employees. Top-down class warfare 101: keep the peasants bickering with each other so they don't see who's ripping them off.
I remember when Trump made imported steel go up 25%, domestic steel went up 25% and a project my University was building was put on hold till they found more $ for the steel!! But MAGA won't remember that!
And they’d blame it on Covid. Interest rates were skyrocketing too
People tend to forget why the gas price was so low. They think Trump had "the best policies" that brought it down. They forget that prices fluctuate based on supply and demand...and no-one was going anywhere due to covid...so the demand for fuel was very low.
Also Russia and (i think) the Saudis were having some "price war" nonsense. But one of the things the "But-the-gas-prices!" people aren't mentioning is that TFG & The Cronies tucked _huge_ "bail out" money for oil companies in the Relief Bills -- _on top of all the subsidies the Oil folk get _*_anyway_* -- and they didn't *need* "bailing out" -- they were making a profit, just not as big as they wanted, so this became part of the $8Tn that TFG added to *_our_* debt. In the end, our children's great grandchildren will be psying for those fuel prices -- in more ways than one... And _if_ we last that long.....
So even though COVID wasn't rump's fault, it was rump's COVID *policies* (of ignoring it and letting it run wild) that caused everyone to stay home, which DID result in lower gas prices. But I don't think he should get _credit_ for that; I think he should get the _blame_
If you try to explain it, the red hats want 'receipts.' So I quoted them prices off of my gas receipts from various times from 2017-2019. Since they cannot see those receipts, they screech that I lied or am a troll....or just vanish. Just exhausting....
Not true- gas prices were consistently low under his Admin.- quit using the covid excuse.
Gas was already low when the convicted felon became president. He had very little if anything to lower it. It stayed low during Covid because they couldn't give away a gallon of gas when people were home and the country was shut down. Very few planes were in the air. There was talk that the airlines were going to go bankrupt.
That being said, once Biden opened up the economy, Big Oil saw its opportunity to make up for lost revenue. And boy did they take advantage of it. They overcharge everyone for gas, jet fuel, and all petroleum products, and they've made HUGE profits in the process. The price of gas being high had nothing to do with Biden shutting down that stupid tar sand pipeline which was years away from being completed anyway. No, the price of gas was high because of the greed of big oil companies taking advantage of a once-a-century pandemic.
Trump Administration trade policies resulted in farm bankruptcies increasing 24% with the the loss of nearly a quarter of a million jobs. The U.S. trade deficit in goods and services increased 40.5%. Trump was the worst jobs president in recorded history with the economy losing 2.9 million jobs. Trump was the first president since Herbert Hoover to depart office with fewer jobs in the country than when he entered. The distance separating America's highest and lowest income brackets grew by almost 9% annually.
Thank you for the truth.
Agreed.. and MSM should be stating that..but they are complicit with tRump.
• *Flatlined a strong economy even before the pandemic*
• *Lost around 300,000 manufacturing jobs as almost 2,000 US manufacturing plants closed because of Trump trade war*
• Managed to increase the trade deficit by *$218 BILLION DOLLARS* in just four years
• Wasted MILLIONS of taxpayer dollars on golf with much of it lining his own pockets
• Wasted MILLIONS on rebranding part of the Air Force to the likings of Star Trek
• Wasted MILLIONS on a 50-mile Mexican/US border wall that Mexico NEVER agreed to pay for (the border is 2,000 miles long)
Most of that was before COVID except the total jobs losses.
All of that is true. But you have to include context: covid. He didn't cause that. He did mismanage it like a MF. BUT we don't know what would have happened had he not.
Beau is correct here. It was good at first: because he inherited Obamas economy. I am not a Democrat, or a Republican, for the record. I vote my conscience on individual candidates and what I believe their character is and what policies I think they will support.
I remember Trump's policies being so bad he had to bail out American farmers. I remember his policies being so bad I opened a new savings account to offset the damage I was positive he was about to inflict. How is our collective memory so short?
And most of that bail out was not _equitable._ Most of it went to _corporate_ farmers, not family farms -- meaning an increase in the number of _families_ losing their farms and an increase in suicides in that group.
And he was praised for the bailout that HE CAUSED! Incredible!
And all of those Midwestern Red-voting farmers will deposit their farm subsidy check then go to the bar or diner and complain about those [bleeping] democrats and their evil socialism.
Before the pandemic wages were repressed and housing kept going up, rental or ownership. I worked 50+ hrs/week and struggled. I don’t struggle now. I want Biden’s administration to keep pushing these businesses by enforcing the laws & regulations that exist. It’s helped.
Trump is not going to help the economy- the kind of change him and his ilk are pushing will upend everything, the economy is no exception.
And Project 2025 will kill American freedoms.
Ya wanna know what's rly fuked about that. I'll tell ya anyways,
SCOTUS overturned Chevron, when CFPB, FTC all have several massive cases worth well over a few trillion in stolen wealth over price fixing(animal feed, food costs, energy cost, pharmacuticals, list keeps going), rent fixing, stock market manipulation, Bitcoin release and so much fuking more. EPA had a few serious things on it as well, legit town killers and a single country killer on their docket for the next several years. Check out 'perfect union' if you wanna know more, several of their videos are directly linked to this. The supreme court has got to fuking go, they have no credibility, they RN are public enemy #1.
SCOTUS stopping those cases by overturning the Chevron act will be literally the biggest fuk over that has ever been done to Americans, CFPB alone was eyeing 8 trillion that was wrongfully taken from consumers and the FTC was going after some of the stock makers. Even had their eyes on Musk and Tesla
Before Covid, wages were starting to go up slightly. If Trump were smart he would've taken credit for it by saying his tough on immigration policies were working and shrinking the labor pool, which is an distasteful thing to say out loud but true. But he's such a mind boggling idiot that he is taking credit for the covid emergency measures, which he enacted far too late. Saying the border was perfect when he left office is just stupid to say and you'd have to be an abject moron to buy it. The whole world shut down immigration. The one good thing he did was Warp Speed and he backed away from it and now seems to always imprecisely blame vaccines on Biden. Biden's administration mandated vaccines on 'Federal workers" and nobody else. Corporations, businesses, states, and municipalities mandated them at their discretion.
Now that I'm thinking about it, I wasn't exactly struggling before the pandemic but I was working two jobs. Now I am also not struggling but I am working one job and making more money.
"Before the pandemic wages were repressed"
wages did go up under trump.
they went up more under Biden.
"Trump is not going to help the economy- "
i've been asking folks who complain about prices if they think that somehow magically prices will go down if trump gets in office.
Dude: this is NOT the take.
I'm not struggling, either, my housing costs are stable (so far), but rents have been SKYROCKETING. A lot of people are in the "3 jobs and barely making ends meet" category.
Don't flaunt your privilege by saying "it's fine for me so there isn't really any problem."
He will blame anything on others. 45 never takes personal responsibility for anything!
He’s been a failure almost his entire life but just pretended he was a success.
"never take responsibility" was a lesson he learned from dear old daddy.
"I don't take responsibility at all"--Donald J. Trump, March 13, 2020
True, and will also take credit for things that others have suceeded to produce and totally make things up that sound good to him.
From the administration that brought us "alternative facts."
Flim Flam Man..this trump....We must keep him out of power
Someone on twitter called him a slick Willy con. I thought it was fitting.
Who else remembers George C Scott ?
I just had this conversation with my wife yesterday. Can’t believe how short some people’s memories are🙄🤦♂️ The 2017 Tax Scam trump signed was DEFINITELY gonna tank our economy…
I had a maga friend who was blaming Obama for the high gas prices back in 2008. I pointed out he took office in 09 and it just *would not* click with him. Still Obama's fault.
@@TheHonestPeanutthat would have been George W. Bush, a republican.
@@juliemissick4206 correct
@@juliemissick4206I personally believe that was a “test” to see what happens to the economy when stressed by fuel prices. The price spiked suddenly for no big reason. Stayed there and then suddenly returned to normal. It was Bush’s last year in office so no repercussions to himself.
Oh yes the moment Bush was down to his last minutes in office, gas dropped below $2, when it was $4.15 previously. That's oil companies signaling they want another Republican.
Just this week I drove past a sign saying "Miss $1.79 gas? Vote Trump 2024!" That was lockdown - and the oil companies will never let it happen again, even if we go on lockdown again.
The oil companies are headed down the same path the GOP are on. Their irresponsibility and greed has bought their own irrelevancy and the ever increasing need to abandon
Yep, lockdown and people were DYING, people seem to gloss over this.
And that price was from a "price war" Russia & the (i think) Saudis were playing with oil at the time. TRG & The Cronies "bailed" the oil companies out -- even though *they* were _still_ making a profit, just not as big a profit as they *wanted* -- and *_that_* was part of the $8Tn increase in our debt courtesy of TFG.
I never had that low of gas prices since 2015, he inherited the Obama's economy. His economy wasn't great where I live at all .an dthe highest gas prices were in 2019 and 2020. Don the Con-victed is just awful, he doesn't know how any of this works.
During the pandemic oil was trading negative. So $1.79, is too much considering supply and demand. Thats not a deal, especially considering how many people had no job.
When I started driving in 2000, gas was less than a dollar. People would hold off or just get enough to get where they were going if it got close or over $1. Then Bush part duex - whose family was besties with the Saudis. You know who else is besties and whose son-in-law got a ton of money from the Saudis?
Either way, energy independence with oil will never be achieved. Gas is created with heavy (Middle East gas) and light (American gas). It’s a matter of geography. They need us too but do we leverage it? No. Why? Idk but seems like a lack of political truth telling to create public desire.
COVID in and of itself wasn't his fault... But he handled it really badly. I was frankly appalled at precisely how poorly he handled it. Shows he is incapable of handling a crisis.
Red hats calling it a Chinese virus because they're racist simultaneously refusing to protect against it because "The government can't tell ME what to do!"
We pretty much knew he was a total imbecile from day one. A pandemic is a situation where you really need someone who isn't a con man in constant denial at the helm.
Throwing paper towels to hurricane victims was the “I told you so” moment for me. His inability to deal with a crisis, his total lack of empathy for others, and his showmanship trying to make himself the center of attention lying to those people about how much was going to be done for them and how fast it would happen then as soon as he was out of sight not wanting to do anything for them and making them wait and suffer for the most basic help.
I remember store shelves being empty and toilet paper ownership being a point of pride. I remember Trump calling Covid a Democrat hoax as thousands of people were dying every day!
I still make sure I have plenty of toilet paper on stock. I help out a friend who can't always afford it.
I have to confess, I hoarded toilet paper since COVID started. I stopped when tRump left office.
Lie all you want. Only 14% of Americans think they are better off now than under Trump.
@@Gretabpooh
That's because you're a good guy. I knew there was one left👍
STILL no facts or evidence??
Democrats’ American Rescue Plan Act (ARPA) spent an estimated $34 billion to temporarily increase the amount of the premium tax credit subsidies for plans purchased through the Affordable Care Act (ACA), while also removing the 400 percent of federal poverty level (FPL) income limit on eligibility.
Subsequently, Democrats’ so-called “Inflation Reduction Act” (P.L. 117-169) spent an estimated $64 billion to extend the expanded ACA subsidies through Calendar Year 2025.
President Biden’s Fiscal Year 2025 Budget Request included a policy proposal to permanently extend the expanded Obamacare premium tax credit subsidies, at an estimated net cost of $383 billion over the budget window, according to CBO and JCT’s response.
Particularly concerning to both patients and taxpayers, the expanded ACA premium tax credits have had an inflationary effect on health insurance premiums by providing insurers increased pricing power, as the cost of tax credits grow dollar for dollar with benchmark premiums.
SOURCE, HOUSE BUDGET COMMITTEE 7/27/2024
These people that are NOSTAGIC need to grow up and face what he is and what he has done to this nation and the media has PROMOTED IT ALL!!!
Disgraceful, Period!
Not sure what you mean by "the media". I'm pretty sure msnbc and anything that passes for left-wing media in our Overton window has been ripping into him since before he got into office. Some folks just made the mistake of trusting their media outlets to the point of not even trying to fact-check anything.
@@beeamendola I just watched a Pondering Politics video (about a Representatives reply to a Faux Noise Reporter). It was a reminder that people have forgotten-> over 700 Health professionals had signed a document, during #45's impeachment processes->that HE was in cognitive decline & should be removed. So much crap from that 'person' that it is hard to remember it all....
All nyc knows he never changed
It's incredible how unimportant facts are to people anymore. Looking back fondly on the crappy economy under Trump is like looking back fondly on the pacific war in WW2 like it was 'not so bad after all'.
It's kind of like believing a bad car salesman's con who's playing you, as a gullible mark.
My dog Slats is a genius. Took him for a walk just the other day. A neighbor planted a Trump sign next to a fireplug. Slats sniffed the hydrant and whizzed on the Trump sign. Good boy, Slats.
Trust your animals! I'm still wondering WHY President Biden's dogs only bit SOME Secret Service people.
Wouldn't a truly "out of control" dog bite EVERYONE?
Slats for VP!
Beau just revealed another liberal man’s trait, we listen to smart women and take their advice. Fantastic time travel, thank you.
❤❤❤
Agreed
tRumpers memories are an alternate universe of alternate facts.
I am sorry, but I can’t not stand Trump people. They make me sick
nearly a third of republicans blame obama for 9/11
Your grandmothers advice is something I'm keeping tucked away to remember. I have no nostalgia for Trumps economy, nor any Republicans. The "little guy" always suffers to line the pockets of the wealthy.
I remember record numbers of corporate bankruptcies in 2019. It affected my income.
Corporate Layoffs for 2018
Sears 39 stores
KMart 64 stores
Verizon 3000
Pepsi 1000
JC Penny 5000
Ford 2000
Macys 5000
AT&T 4000
Walmart 3500
Kimberly Clark 5000-5500
IBM 20,000
Toys R Us 33,000
2019 had the worst job cuts in 4 years
Corporate layoffs 2019
Ford 7000
Disney 4000
Canadian Railway 1600
Deutsche Bank 4000
Lowe’s 20 stores 99 Orchard Hardware Stores
Amgen 350
Oracle 650
Bed Bath & Beyond 4550
Tesla 3000
Activision Blizzard 800
HSBC 4000
Hewlett Packard 9000
General Motors 14,000
Vodafone 1260
Sibayne-Stillwater 3450
Uber 1500
Kroger 900
Wells Fargo 265,000
MGM Intl 1000
Caterpillar 120
Verizon Media 950
Nissan 6400
Commerz Bank 4300
Humana 800
Within 6 weeks of his tariff war starting my $45 a week grocery bill (purchasing the same group of items every week) went to over $100 per week. I lost over $80,000 in just one of my retirement accounts under his economy. I remember his economic policies all too well. We paid 10’s of billions to the farmers trying to keep them from going bankrupt because of his policies.
Honestly, I will never understand how anyone can look at trumps time in office as good in ANY way.
Your problem is that you *think* and the ones that remember him fondly *don't*
Some people think for themselves,Maga are great at following an idol.
Trump tells them what to think and what to remember.
@@cassfonnesbeck8057Yep. Those types were looking for a savior. Someone to tell them what to think and someone like themselves. Bitter, angry, dissatisfied, unwilling to look at themselves. Always blaming others for their plight in life
We need a public education campaign to tell people how tariffs actually work. If we put a 50% tariff on all Chinese imports, Chinese manufacturers don’t pay the tariffs, American consumers do. Tariffs literally increase prices. Trump has people believing that this is some sort of magic revenue source from overseas when it isn’t.
The only reason to have a tariff is so manufacturing of essential goods is done here for national security reasons. Like the PPE we needed during Covid!
It's unfortunate that Biden kept so many of Trump's tariffs. No idea why he keeps them.
@@MetricMouseHe kept them in China because of China practices. He was hoping over time they would become more of a free trade market. Instead they appear to want to flood the world and achieve dominance in all markets. The tariffs are about the only way to slow them down although ultimately it’s we the consumer that ends up paying more for the goods.
@@bizygirl1yes, that is why Trump kept his tariffs.
The question was why did Biden keep them?
I personally don’t understand nostalgia. I’m old, but I only look back to learn from the past. To me, nostalgia is a mental disease.
I’m 65 and yup! 😂 Evolve with the time! I saw a question asking what was your favorite decade of music. I said whatever decade I’m in atm. 🤷♀️
Nostalgia is okay if you can take off the rose colored glasses every once in a while.
I mostly agree, but it is nice to air out the ol' memory palace every once in a while, go back with what you know now and reprocess old things with it. Less rose-colored glasses, more scanning the photos with a magnifying glass for clues.
@@thomasdjonesnFinding trends is really important for seeing your way forward
Seems the cost of housing skyrocketed and people couldn't afford housing. It was a horrible time for me.
I remember reading Trump did some convincing of the fed to keep the interest rates lower. That also had a part in it. Companies were picking up houses left and right because of low rates. Consumers wanted the low rates. Low supply higher prices
Why is it that people nowadays have the memory of a mayfly?
Incredible levels of access to every new piece of information available
This isn’t new. It’s human nature.
I think it’s because people seem to be single issue voters and not bothering to look at the rest of the picture.
Let's start with the way they've dumbed down education since the 1940's.
@@CanyonALynn legal cannabis?
The only thing people seem to remember clearly about 2020 is lower gas prices.
Which the president doesn't control.
@@shawnfahy2420 And during a time few people were driving.
@@ariaflame-au💯
@@shawnfahy2420 he controlled closing down the country and lying to us about covid
Oh and that COVID rebate check.
Most people that live paycheck to paycheck (70% of Americans) don't realize that they have very little effect on the economy. The economy is driven by the top 30% of income earners (160,000 + per year). The top 30% are the ones that are always buying houses, cars, clothes, great vacations and also taxed at a lower rate. 30,000 per year taxed @ 24% .....vs 160,000 per year taxed @ 16%. We need BIG CHANGES.
Yeah I’m in that upper bracket and started my carrier in the lower one. I pay a higher percentage now then I did when I made less. It’s not until like 250k plus taxes start to fall as a percentage of income, due to the cap on employment taxes for Medicare and social security or because people start making more from investments then their jobs. I work for my income so I pay like 35% plus once state taxes are included.
A certain demographic is so nostalgic that it idolized the 1950s & wishes to return to that era. What they need to bring back isn't the laws or social norms but the tax rates: incomes above $100K were taxed @ 90%.
I'll leave it to you to Google what that 1950s $100K would be in 2024.
And they own none of what you've listed. THEY'RE PAYING ON IT. If the economy tanks... they're done too.
In March of 2019, I lost my job of nearly 14 years. The company went under due to private equity and shenanigans, but that was when it happened.
I got my current career job in August 2023. I am doing three to four times better than I was in 2019. I do NOT yearn for a horse loose in the hospital that wants to drag us into a depression or worse.
Honestly. Who ARE these people who look back at that time and say "Thems the good old days!" (Besides MAGAs of course).
Just. Vote for the candidate and party that WON'T Final Solution a massive chunk of the population, yeah?
They are all delusional
You literally couldn't support him any other way.
Actually playing clips from relevant previous videos is way more effective than just linking to them. Keep doing this!
👍👍👍
Although it would be nice to ALSO have the links or a date from the original post.
I agree!!! These "on the Time line" videos are great!!! Thanks Beau and Crew!!!
Yes, provide both!
I remember learning in my paralegal courses, which included Government Law . In that process I learned Americans have very short memories regarding American history and Government. That was 20 years ago, I’ve been taking notes since and my analogy is Americans memories are getting shorter all the time. Just saying
This is why nobody in media was talking about project 2025 until just now. If they tore it apart and focused hard against it right away, people would have disregarded it when the time came to vote. People get all mad when you poi t this out but it's true and if people had a better grasp on reality it wouldn't happen, but it's entirely predictable and if ignored, will have consequences.
And especially the “news” media. If something didn’t happen this cycle, it didn’t happen at all.
“We are the United States of Amnesia. We learn nothing because we remember nothing.” -Gore Vidal
The 24/7 barrage of misinformation also muddles facts and bends reality. That doesn't help memory when there are 20+ conflicting opinions, instead of one set of facts, on every issue.
The paradigm that "your home is an investment" is incompatible with the idea that "your children will be more prosperous than you have been."
I have told so many that he was taking credit for the Obama economy. Your point about COVID covering his shit policies is a great point
He got lucky when Covid came. It took the attention away from his failures
Never let them forget that Trump caused a recession. Never let them forget that Mr. Art of the Deal caused a recession.
What do you expect from a fraudster who bankrupted a casino .....
Every single Republican in the White House has tanked the national economy and caused aa recession. Every single god damned one of them since Reagan. It might as well be a universal constant at this point.
It's so damned reliable that I genuinely have no clue where the myth that Republicans are good for the economy even comes from. It certainly hasn't been true at any point in 4+ decades.
He didn't even write that book
I remember the S&P losing 600 pts in one day in 2018.
Omgoodness, the old shed. ❤
Because of the Trump unilateral Tariffs, if you can find a decent chunk of Parmesano Reggiano, its over $20/lb.
He screws up everything
Wow!
Why hasn't Biden removed these tarriffs? Does he hate cheese?
I too miss when I was forced to choose between my Grandma and the economy. Good times...
Thank you for this. Literally nobody talks about how inept Trump was economically.
Not "literally", not "nobody". *_i_* talked about it when i was working and saw people. Beau talks about it, Farron Cousins, Seth Myers, Steve Colbert, Bruan Tyler Cohen, Trae Crowder, Meidas Touch and _all_ their associates...
What we *need* to do is get Beau's subscriber numbers up, so more folk hear him talk about it.
The reason people are feeling this way is because grocery costs have doubled since 2020. They're not thinking about the why's, they're thinking "holy crap I can't feed my family anymore".
my groceries are up but its not double though my wage has almost doubled as well since then many of my friends are feeling the same.
"Doubled"? 😂 where in the heck do u live? I live in Los Angeles & they're no where near that. Troll on..,
The media has done a great job of blaming deliberate price gouging on “Bidenomics.”
If gold and silver are so valuable, why does everyone want cash for it?
Hahahaha hahahaha I know, right? I prefer lead ! 👍
Ever tried to use a old piece of jewelry as legal tender? It doesn't work well...
Grocery stores won’t make change for one ounce gold bars
The "Cash for Gold" scam has been around since the 1980s. Buy gold/silver for pennies on the dollar until acquiring a big enough lot to play with the big boys and cash out for market value.
Superstition, plain and simple.
Who the hell feels nostalgia for Trump's economy? My household is far better off now than we were at any point of 2016 - 2019.
I kinda miss the old videos in the shed. Hearing the background sounds of nature and the rain was calming.
Crazy watching an old video on a new video. Some of us have been with you a long time Beau!
It's the shed. Aww! It was almost like going home for a moment there. 🙂
The Biden years have witnessed surprisingly strong improvement in earning among the nation's lower middle class.
Just 13% of workers in the U.S. are now earning less than $15 an hour. Two years ago, that number was 31.9%.
Even accounting for inflation - $15 an hour in 2024 has the same buying power as about $14 in 2022 - this is remarkable progress.
I remember that video, and you are always spot on. Just for reference, let's remember Trumps economic dude was Larry Kudlow. And Larry is what happens when idiots who have wealthy friends get jobs they shouldn't have.
Kudlow was found on Amazon by Kushner because he'd written a book that matched what President Mob Boss already believed.
What a troll… A drunk troll
@bizygirl1 🤣 Small brain peeps always troll people who post facts!
My high school Poli - Sci teacher gave me some of the best longstanding advice regarding politics: "It takes about 2 years for major financial changes by the government to fully impact society."
The GOP was proclaiming Trump had "revived the economy" less than 6 months after his inauguration. Just like Trump "declared victory" on COVID in his first press conference on the issue and said it was practically over before it even started.
I live alone in a starter house making just under 6 figures (staycations only 5+ years, cook most of my meals, fully work from home). The Trump economy inflation was so bad I'm no longer confident I can retire if I keep this job. I can't imagine anyone less fortunate taking a real look at this time period and saying they're better off now.
But alas, they do! I see it in my feeds constantly....on bumper stickers... Signs...... "could really go for a mean tweet and $1.79 gas right about now" .... And try to explain to these people WHY we had $1.79 gas and they just go off about Biden's inflation. They are absolutely fkn tone deaf to how shit actually functions.... How the economy actually works. It really is a true indictment of the US education system..... Which these idiots are happy with the thought of that being dismantled apparently 🤦♀️🤦♀️🤦♀️ We are doomed.
I wish there was a way for Beau to reach more people..
Keep sharing his videos and inc his name and links in comments on other channels. That's how I learnt about him 💜
Me too , like maybe 200 million Americans?!
*YES!* I was so excited (?)last week he hit _870K_ subscribers because "we" had sat at 868K for _dog years._ Then yesterday, i noticed "we'd" gained over *2,000* subscribers in a week!! I am ecstatic, hoping "we've" hit our "Hundredth Monkey."
When i was working, i steered folk towards him -- especially during the TFG years.
I've started back "sharing" some of his videos on Twitter. [Funny to me that i actually started paying attention to Twitter because Beau mentioned something about posts he made there and i didn't want to "miss out" but Beau dropped that after Musk fu©ked it up. I stick in my 2¢ now-&-then waiting for the abscess to burst and then hopefully "common sense" types will be a big part of the healing process.]
I send videos to my ex, among others, & he sometimes posts them on Facebook (which i'm not on).
@@bunyipdragon9499 I do ! Especially on MTN :)
There was a post on Threads after the media fiasco after the debate about people to go to for news now. I as well as quite a few others shared his name. So hopefully that helped. The calming part of our pitch seemed to resonate with people because its just nuts out here in viral click land. 😂
Good morning fellow travelers!
Good morning!
Thanks. Have a great day!
Folks inflation is fueled by corporate greed. Not much to do with government. People are ignorant about capitalism. It’s all about profit.
I keep telling people this. They don't actually believe me 🤷♀️
I'll never forget when my sales STOPPED in August of 2019 when Trump's China tariffs tanked the market.
I swear I have PTSD from drump! I definitely have anxiety now.
All I can say is that you are not alone by any means.
Not at all
China's economy will be bigger than the USA's. so what. China also has more english speaking citizens than the USA (so does India). That's what happens when you have 1.2 billion people.
chinas economy is dying so hard right now and their buildings are falling down because they build them with cheap stuff and pocket the rest of the money.
Yeah not likely. With current growth rates and falling population it’s pretty unlikely to catch up with the US anymore.
@@davidradtke160
Not necessarily soon. Eventually.
When the pandemic hit, and ensuing death rates, I expected house prices to drop, they didn't. I couldn't find the reason until headlines reported major investment corporations were buying up the houses for CASH over the asking price.
REIT Real Estate Investment Trusts.
Now the ownership of rentals is at 40%+ of all properties is in corporate/Investment Trusts.
That may also explain empty homes when rents are rising so quickly.
Economics, funds, your money, is now spent more on a roof over your head, groceries and there's little money left for the rest of the economy.
Rising housing costs are draining the entire rest of the economy.
This video is great, it needs to get out beyond Beau's followers! The DNC needs to end or reduce the commercials showing Biden as old but a better choice than the orange guy. Show simple graphs of the economy during Obama, Trump and Biden. Show when the first US case of COVID was reported. Most independents aren't stupid, they will understand what a risk it would be for a second Trump presidency.
It helped too that you had his minions constantly constantly preaching best economy for black workers, best economy in blah blah... the messaging sucks now!
This is a Road trip down bad memory lane;-)
Anyone who is a real businessman or knows anything about economy and politics, realizes how bad Trump was and a second time will be worse.
*IF* they didn't drink the Kool-Aid. My brother who _is_ a business man - a fscking CPA no less - remembers all the economic grief under Trump, and yet blindly supports yet another rump fiasco. Drives me bonkers.
@@WBS001
I am so sorry.
Miss the old shed Beau…😢 oh nostalgia
Our memories are incredibly short😢 If they throw an amazing amount crap over the airwaves, people can’t remember much…which is the point.
When I read the title of this video the FIRST thing that came to my mind was "That was NEVER tRUMP'S economy - it was Obama's"!
And he still doesn't understand how tariffs work. He will completely wreck things with them if he's allowed back in office.
Freedom is precious. Protect it.
I wish more Republicans and Trumpers would see videos like this.
The cult refuses to understand rational thoughts
Good morning Beau and internet folks. Thanks for the time warp back to the shed!
My only question is... whatever happened to " trickle down " , they (government) keep giving breaks to the rich and corporations and I'm getting tired of struggling for scraps. Just saying. Eat the Rich. 🇺🇲🔵🇺🇲. RIP Amerika 🙏
"Trickle down" was a stupid idea from a moron that didn't know that the U.S. consumer-based economy is a "bubble up" model.
The rich still end up with the money, it just takes a little longer and does more good, for more people, on the way.
Ironically I was starting a business at this time. I'm not blaming the economy for my struggles as so many small business owners do. I will say this. Growth was very slow in the beginning under the trump administration. My client's were afraid of high tickets. I noticed a change in that mindset about 1.5 years into the Biden admin. Now growth has exponentiated and no one even blinks at an invoice.
Thanks for this: what you showed confirmed my memory - I was feeling a bit gaslit, and that was because I was!
Yes, we knew Trump was riding Obama’s economy and it took a few years to see the move to Trump’s economy. Your video looking back spells this out.
Well done mate.
in 1988 as a machinist I made 24 dollars per hour, rent was 70 dollars gas was 80 cents , a week of groceries was 30 dollars. 2022 when I retired I made 28 dollars an hour rent is a thousand dollars, gas is 4 dollars , and a week of groceries is 150. In between we had Bush 1, Clinton, Bush 2, Obama, Trump, Biden. I don't think they have anything to do with it
Obamacare, just sayin
@@jodycarter7308Wut?
I think you are confusing and mixing up eras. Gas hasn't been below 99 cents a gallon since the mid '70s. In 1988, it was closer to $1.99. Rent for a low-cost apartment or house was at least $200. We were paying $275 for an ancient two bedroom in a low rent neighborhood. $30 would only buy a week's worth of groceries in '88 if you were a single person who barely ate. As a frugal spender, I was feeding a family of four for about $250 per week that year. If you were making $24 per hour in 1988, you were making very good money! Most of us were earning closer to $5-10 per hour. However, in 2022, $28 per hour was low middle income wages. It was that way in 2019 too. That's the main reason why your money is not going as far as it did.
The problem with nostalgia is that it tends to have a serious effect on one's memory...
@@alindasue That's my recollection of the 1980s. Back when things were easy enough that we assumed we could all be as well off as our parents.
Economic theory is complicated. Picking out several decades at random and saying we had presidents with different policies during that period and since overall things went badly therefore presidents have no influence on the economy is an interesting contrast with those who think the president is wholly responsible for every price change. Can we get these opposing teams talking with each other? I'd watch that.
Back in the "glory" days of the 80s, In Arizona $12.00 an hour was really good money. A older home was about 35 to 45k. Interest rates where about 12% on some mortgages. The nation was being de-unionized. The evangelicals flexed there political muscles, the news entertainment industry was born from deregulation. And there was more lead in our bodies. As leaded gasoline was just removed from the gas pumps. The 80s where good and bad. Just like another time. People need to stop waxing poetically about the past. It sucked for me in the 80s. But others did well, that is how it is in every time. At the end of the day who has the most soind policy. That is what is important to me. In this era it is mostly the Democrats, not the Republicans. They are lost in the sauce.
I ended my relationship with the GOP at Regan. That guy is one of the worst presidents ever.
He was hands down one of the worst thing to happen to this country in the last 60+ years. If anyone could give him a run for his money it'd be 45, but it'll take many years to figure that one out for sure.
4+ decades on, there hasn't been a single day where someone in this country isn't confronted with direct fallout from decisions Reagan made. 45 was genuinely awful, but it takes a whole lot to top 4+ decades of completely uninterrupted awful. Only time will tell which one was wore.
@@RevShifty Maybe that's the "trickle down" Reagan was aiming for. A legacy of destruction.
All I know is that in late 2018 and 2019 (before COVID) my hometown was sinking fast. Lots of empty storefronts, unaddressed infrastructure issues, graffiti, garbage everywhere, even a big sinkhole that swallowed most of a fast food restaurant lay unaddressed. Well, my parents passed away a few months ago, and I’ve spent a lot of time in my hometown in 2023 up until now (July 2024). My hometown is booming. Lots of new businesses and restaurants and lots of people out and spending time and money in those businesses. Even the WalMart is cleaner and better organized. Infrastructure issues are or have been fixed. Nice new green spaces and even a small amphitheater for local bluegrass and folk musicians. Clean roadways, streets and sidewalks. The difference is pretty amazing and blatantly obvious.
Imagine *any* other system, an electrical grid, the pipes in your house, a solar system full of planets, asteroids, planetesimals, comets, etc... Now, imagine introducing 'competition' into those systems and expecting them to be 'more efficient'. Competition may be fun ans sporting, but I think we *waste* a lot of energy competing over things we really do not need to
My favorite scene from Admen: "In Greek, 'nostalgia' literally means 'the pain from an old wound. ' It's a twinge in your heart far more powerful than memory alone. This device isn't a spaceship, it's a time machine. It goes backwards, and forwards... it takes us to a place where we ache to go again"
I didn't know nostalgia could go forward
@@mick8888V Why not? We sure live in the future sometimes!
@@RhondaHawkes just think of nostalgia as a beckoning to the past, a reminiscing of sorts.
Our future is not certain although we can fantasize about good things we'd like to have occur. But that would be more like yearning opposed to being nostalgic or appreciative of a certain passed time or event.
@@mick8888V I agree! that is not my quote, but Don Draper from Ad Men. Well worth the watch if you have not seen it!
@@RhondaHawkes I suppose you mean Mad Men the show about an Ad agency.
I've only seen clips and it would certainly be up my alley.
Some of my fondest memories are not being able to find TOILET PAPER while trmp was in power...
or Purell or *any* cleaning products
Seriously though. It's like so many of these people have " selective amnesia".
I miss the videos in that old workshop. I loved hearing the rain or the birds
I was watching my store, Aaron Brothers close down at the same time Toys R Us was closing down across the street from us. They both had the exact same closeout sales signs in their windows at the same time. A lot of people out of work and many disappointed customers. All during the spring of 2018.
On trump's watch.
Yeah, great economy.
Trade wars cost American farmers and taxpayers. Not only in higher taxes on goods but farming bailout to the tune of $45 billion, mainly going to corporate farms. And unlike the auto bailout, no repayment mandate.
👋
Thanks Beau and crew 😊.
Hihi! Hopefully you’ll see this! RUclips hates me. 😢🌷✨
😊👋🏼💙
IQ! 💙💛 How are you today? 👋🏼🤠
@@GrumpyOldFart2- Me too! I said Hi Grumpy OldFart and everyone was asking who I was talking to as your comment was ghosted. 😊
@@Erin-Thor 👋🏼😊 I don’t see the grumpyolfart either. Lol.
You've done a great job getting comfortable in front of the camera. I had lost sight of where you started, I'm impressed Beau!
Check out his "tale of two neighborhoods"! - - completely unpolished BEAU!
Was 100% not prepared to have a good night. Was 100% prepared to have a good day.
Well done Good Sir, excellent point and well presented. We really have grown to appreciate your uploads.
Finally somone post a reminder video 🎉
I like the Roads videos that use videos from the time period -- it's super helpful because the 5th Column videos are so current and usually contain context that fades with imperfect/flawed memory. Well done!
Thank you Beau! ❤
Thank you so darn much for this reality check. BRILLIANT!!
I remember Trump economic policies causing many farmers and ranchers to go bankrupt and many took steps more drastic than declaring bankruptcy.
I remember Trump's tariffs putting small businesses out of business.
I've been trying to explain this to people that support trump for years but no one wants to listen
. "NOSTALGIA" is the warm fuzzily blurred memory of the things we want to remember ,
with the things we don't wish to be reminded of filtered out l
We get an unbelievable amount of info spewed at us every day, coming from many directions. It's impossible to process all that info in a way that allows our brains to put that info in long-term memory. As a result, we forget all but the most critical things- especially when they're negative things we'd like to forget.
Thanks, Beau, for reminding us about the short-sightedness of everything trump "accomplished."
Keep reminding us!