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.
It’s like steering a large ship. Any input to the controls take some time before they actually have any effect. So if you’re suddenly dropped at the helm, you’re pretty much at the mercy of whatever the last guy was doing for the immediate future. But that doesn’t mean you can’t attempt to get the ship back on course either, as whatever you do at some point will have an effect.
On another note, hard to blame Obama for 2008 in any case given he didn’t become president until 2009.