By Gamaliel Isaac
President Trump's dramatic improvement of the economy and the miserable state of the economy during Joe Biden's tenure as vice president is a major hurdle facing the Biden campaign. For this reason they are resorting to economic deception. It might help Trump's reelection chances if the Republicans focused more attention on addressing this deception.
Joe Biden managed to squeeze two huge whoppers in a single sentence at his first debate with Trump. He said: "We inherited an economy that was failing and got the fastest increase in employment."
In the first few years of Trump's administration, the national economic engine was roaring, generating widespread prosperity across every corner of the country. President Trump bought the unemployment rate below 4% , the lowest rate of any administration since the Bureau of Labor Statistics started tracking the statistic in 1948. During the first 26 months of the Obama administration, the unemployment rate spiked all the way to 10% and then stayed stubbornly above 9%. The official unemployment rate also masked the severity of economic misery under President Obama because a modest increase in part-time jobs took attention away from the loss of full-time employment opportunities. The result was widespread underemployment, which forced many working families to simply make do with lower incomes. Under President Trump, the full-time jobs came back.
The Obama administration left the Trump administration with a severely depleted military and a sinking economy. Companies fled the U.S. during the Obama administration. The resulting job loss, high debt and military weakness is what the Obama-Biden administration passed on to President Trump. Remarkably, the dramatic turnaround in companies leaving the U.S. began after Trump was elected president even before he was officially in office.
Moreover, the Democratic Party was in large part responsible for the bad economy the Obama administration "inherited." The financial crisis that occurred before Obama became president was in large part the result of the Democrats forcing Fannie Mae, Freddie Mac and banks to make bad loans in the name of social justice.
To make it easier for low-income borrowers to buy homes, congressional Democrats, led by Rep. Barney Frank, passed the affordable housing law that was just as mislabeled as the Affordable Care Act. The result was an explosion in housing prices and, when the financial bubble burst, a collapse of the economy that forced families to foreclose on homes they could no longer afford.
Republican President George W. Bush tried repeatedly to prevent this Democrat-spawned disaster but was blocked at every turn.
The Trump administration has worked on reforming Fannie Mae and Freddie Mac. If Biden is elected, he will undo those reforms and resume the mistakes that were meant to expand home ownership among low-income people but that resulted in widespread loss of homes.
Additional whoppers of Joe's during the debate concerned fighting climate change:
"The Green New Deal will pay for itself as we move forward," and "We can get to net zero, in terms of energy production, by 2035 – not only not costing people jobs, creating jobs, creating millions of good-paying jobs."
Henry Louis Mencken once said "The whole aim of practical politics is to keep the populace alarmed and hence clamorous to be led to safety by menacing it with an endless series of hobgoblins, all of them imaginary." The Democrats' strategy of spreading panic about carbon dioxide and offering unaffordable Green New Deal as a solution exemplifies that statement. Biden outlined his Green New Deal in a video called "The Biden Plan for A Clean Energy Revolution and Environmental Justice." In it he says his $1.7 trillion plan will make "record-breaking investments in research and development" and "zero carbon technologies." He said, "As vice president I oversaw the single largest investment in clean energy in our nation's history. Over 90 billion dollars."
That part is true. The Obama-Biden administration poured $535 million into the solar company Solyndra. Even after Solyndra went under, the Obama administration continued to pour money down the green energy hole.
In his climate video, Biden said, "This initiative will create more than 10 million new, good-paying jobs."
What Biden left out is the jobs his plan would destroy. The government can tax corporations and spend their tax money on hiring people to build windmills and solar boondoggles, but it can't stop the resultant loss of jobs. The more taxes corporations have to pay the less money they have to hire people to do productive work. The more money the government borrows the more it has to tax to pay the interest.
Biden began his climate video by saying that there is a "climate disaster facing our nation and the world." He then showed video of storms, glaciers collapsing and forest fires. Trump has correctly pointed out that the forest fires result from mismanagement of forests. New York Post columnist Miranda Devine wrote:
"Locking up forests and preventing tree clearing and the systematic fuel reduction required in any prudent management of nature has been a disaster in a state that is 'built to burn.' Now that the cataclysm predicted by world forestry and fire experts has come to pass, the culprits are blaming climate change."
Democrats are blaming Trump for the consequences of Democratic policies. During the debate, Biden said, "Under this president, we become weaker, sicker, poor, more divided and more violent." Biden left out that the violent BLM and Antifa rioters are Democrats. He also left out that this violence is primarily occurring in Democrat-run cities that allow it to happen and that refuse assistance from the president in quelling the violence. The only way to stop this violence is to elect Republican politicians.
During the debate, Biden said he would give tax incentives for people to weatherize. Given the hysteria Democrats create about carbon dioxide, it might behoove the Republicans to point out that insulating buildings has been shown to trap radon gas and increase lung cancer. According to the EPA:
"When the natural radioactivity found in building materials decays, it releases the radioactive gas radon. This release of radon may contribute to elevated radon levels in homes and buildings. "
Radon gas is believed to be a leading cause of lung cancer, second only to cigarette smoking. The American Lung Association has stated that radon is responsible for thousands of deaths annually. Insulate every building and that death rate will go up. There will be less fresh air to breathe indoors. Viruses will be trapped indoors.
There is one more economic whopper of Biden that must be addressed:
"He's (Trump) in the Supreme Court right now trying to get rid of the Affordable Care Act, which will strip 20 million people from having health insurance now, if it goes into court."
The term "Affordable Care Act" is a lie. Many middle-class people delayed getting needed medical care because they could not afford the deductibles of the so-called "Affordable" Care Act. In fact even when patients were willing to bite the bullet, insurance companies weren't and delayed authorization of surgeries as a result of the cost of the "Affordable Care Act."
Gamaliel Isaac has written articles on a wide range of political subjects for online magazines such as The American Thinker, Frontpage Magazine and the Intellectual Conservative. He earned his Ph.D. at the University of Pennsylvania doing research in Magnetic Resonance Spectroscopy and is currently employed as a software engineer of the Radiology department there.
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