Comment by hedora
18 hours ago
The crazy thing is, due to coordinated propaganda campaigns, people don't realize that the Biden administration got people to invest in US factories at an unprecedented rate. Trump's already managed to scare off a lot of that investment, presumably because he wants to protect the trade deficit.
Here's a graph of actual private investment money going into factories in the US since 1950. It proves my point:
https://fred.stlouisfed.org/series/C307RC1Q027SBEA
I guess the tariffs are serving some other purpose, like forcing foreign governments to bribe him under-the-counter(?) That'd explain his rapid increase in net worth since taking office.
Biden was a relatively mediocre president (which I sure miss), but his administration was amazing for America. They laid the foundation for long-term prosperity, which is entirely squandered now. Such a shame.