To the editor: I take subject with Jonah Goldberg’s assertion that the U.S. economy transcends presidents. What’s lacking in his evaluation is that insurance policies take years to take impact.
Clinton righted the economic system and handed it, thriving, to George W. Bush, who left workplace with the economic system in freefall. Obama got here to the rescue and even invested in Common Motors to reserve it. Republicans on the time weren’t for investing or saving banks. Obama gave Trump a thriving economic system.
Trump then handed Biden an economic system and insurance policies that have been primed for inflation. The signature accomplishment in his first time period was tax cuts for the wealthy. He talked about funding in infrastructure and reforming healthcare, however I suppose he solely had a “idea of a plan.”
Republican insurance policies have led to higher revenue inequality, which is a significant component as to why the center class is hurting. The incoming administration is contemplating shrinking protections by the Shopper Monetary Safety Bureau and Federal Deposit Insurance coverage Corp. If that occurs, it might doubtless result in extra inequality and ache for the center class.
Wayne Morgan, Ventura
..
To the editor: The incoming Trump administration’s embrace of cryptocurrencies will definitely check Goldberg’s concept that presidents don’t have a lot impact on the economic system. Reminiscences of the 2007-2008 monetary collapse, due partially to unique investments, come to thoughts.
Alan Coles, Lengthy Seashore
..
To the editor: Donald Trump mentioned in 2004 that the economic system does higher when Democrats are in cost.
Within the “good outdated days” of our nation, there have been the very wealthy and the very poor, till Franklin Delano Roosevelt turned the president and created the center class, which has been the spine of our economic system for many years. Since that point, the Republicans have been working arduous to get us again to these “good outdated days” by giving the wealthy extra tax breaks and rising taxes on the center class with Trump’s proposed tariffs.
People don’t need to go “again to the longer term.”
Anastacio Vigil, Santa Monica
