this post was submitted on 03 Apr 2025
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He certainly running the country into the ground like one of his businesses
This is actually kind of funny. Because his first term is more or less considered successful in financial circles, (COVID aside). But the entire time he was fighting with aides, bureaucrats, etc... who kept either getting in his way or talking him out of his crazy or stupid ideas. Now he's removed all the safeties and we're getting full Trumpism with all the horrible financial decisions it brings.
He wasn't successful at anything.
He slashed the corporate income tax and due to an effective amnesty on repatriation many large MNCs brought stashed offshore cash and cut R&D to register massive earnings for his last 2 years.
Ironically, this started to dry up right around Q1 2020... Then COVID drowned out everything.
His response was to just pump $4T to employers with almost no documentation, thank god we didn't see a massive wave in inflation out of that.
lets not forget browbeating the fed to drop interest rates before covid hit.