2w ago

Democratic President rebuilds economy, just in time to hand it off to Trump — again

www.huffpost.com Democratic President Rebuilds Economy, Just In Time To Hand It Off To Trump — Again

Trump damaged the Obama economy he inherited with his trade war, and now appears poised to repeat that move with the Biden economy.

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.

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122 comments

Just do another round of stimulus check and let Donny deal with the bill. 😏
- This would be the best way to end the last 20 days, and mass parsons because fuck it whynot
  
  The best way to end it is for Biden to have Trump and friends disappeared to a CIA black site.
  
  That's a totally legal, and very cool thing to do.
  The supremely corrupt court hath made the president into a king with unchecked power to slaughter the entire United States.
  
  Good point, he'll need to disappear them too.
  
  lifetime appointment 😂
  
  Here comes Biden with the steel chair!
  
  Haha, very funny, I too want to live in a civil war hellscape!
- Ooh. Yeah!
  
  And this time put Joe Biden's name on the checks.
  
  "We'll allow it, but only for corporate America and those making >$500k/year" -Sinema and Manchin
- Can't do that without also controlling congress which he doesn't.
  
  What are they going to do, claw it back after the checks go out?
  
  The checks would bounce
  
  Why would they bounce? The Treasury department takes orders from the President, not Congress.
  
  The President cannot direct the Treasury to send money without congressional approval due to the U.S. Constitution's Appropriations Clause, which grants Congress the exclusive power to authorize federal spending[3][4]. While the President has some discretion in spending appropriated funds, any attempt to unilaterally spend or withhold funds without congressional authorization would likely face legal challenges and violate the separation of powers[1][3][4]. The Impoundment Control Act of 1974 further restricts the President from withholding funds appropriated by Congress[1][4].
  Citations: [1] How Trump Plans to Seize the Power of the Purse From Congress https://www.propublica.org/article/trump-impoundment-appropriations-congress-budget [2] Biden Can't Ignore Constitution and Give Himself Unilateral Power ... https://www.heritage.org/debt/commentary/biden-cant-ignore-constitution-and-give-himself-unilateral-power-raise-debt-ceiling [3] Fact check: Presidential spending through executive order is allowed https://eu.usatoday.com/story/news/factcheck/2020/08/21/fact-check-presidential-spending-through-executive-order-allowed/5582667002/ [4] The impoundment threat, explained - Protect Democracy https://protectdemocracy.org/work/impoundment-threat-explained/
  
  Oh dude, some paper isn't going to stop him. He demonstrated that last time.

122 comments