President Joe, a 4-years long disaster, by Lorenzo Maria Pacini

As with his vice president, a sure way to stump people will be to ask them the positive things that Joe Biden did while in office. From Lorenzo Maria Pacini at strategic-culture.org:

With the Biden administration, the process of decline has been accelerated, crossing a red line of no return.

Now that the U.S. elections are over and, for the time being, nothing striking has happened, we can draw a sum of Joe Biden’s presidency. And the result is far from positive.

Disaster No. 1: Bidenomics

True, Joe Biden found himself in charge of the U.S. in a not at all delicate phase of the History of the first century of this millennium: the remnants of the Wall Street crisis, the so-called “pandemic” of 2020 with the international blockade, the run-up to the elections with election fraud. Definitely not an easy time, but it has been busy making things worse.

Wages have fallen for workers at the same time as prices have risen on almost any product, due to inflation that has risen in the four years of his presidency.

Debt growth over the course of a presidential term, however, does not reflect how much a president has “added to the debt,” since debt accumulation is largely the result of laws that were already in place before a president took office (even early in the term, before there is an opportunity to make changes) and circumstances that are partially or entirely beyond a president’s control. It can be useful to show how politicians have allowed the debt to grow-even due to new policy changes-under each administration. As with the approved debt comparison, the result is affected by many factors, including congressional actions and changes in the economy.

Quickly summarized, federal debt held by the public grew by $5.9 trillion in the first three years and five months of President Trump’s term and by $7.2 trillion over his entire term. The national debt grew by $6 trillion in President Biden’s three years and five months in office. Gross federal debt grew by $6.3 trillion in the first three years and five months of President Trump’s term and by $7.8 trillion during his entire term; gross debt grew by $7.0 trillion during President Biden’s term.

Public debt as a percentage of Gross Domestic Product (GDP) grew by about 23 percentage points under President Trump and remained relatively stable under President Biden, although this disparity is largely driven by the timing of the COVID-19 recession, the subsequent surge in inflation, and their impact on nominal GDP.

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