This is the same tripe right wingers peddled before Obama's election which turned out to be complete bullshit.
Biden will run the economy just as well as Obama did and prevent economic shocks will providing needed stimulus but facts and numbers are obviously not your strong suit.
I am likely so far ahead of you in economic understanding that I risk being charged with “Liberal abuse”. Hyperbole and pissing matches aside, most businesses were fearful during Obama’s Administration. I said most, because some businesses that had political ties to Democrats such as a select group of auto dealers, alternate energy related companies, select technology companies, School remodeling contractors, and environmental companies received favorable Federal Government contracts and in some cases were beneficiaries of Obama era regulations. Other businesses found it too risky to borrow or lend in spite of other incentives to do so, slowing the recovery versus historical norms. Remember, Obama had TARP, QE1, QE2, QE3, Cash for Clunkers, ZIRP, $750 billlion Stimulus package, along with a $4 trillion expansion to the Federal Reserve balance sheet. “Pushing on a string” is not effective economic policy.
Trump ultimately did little to healthcare, effectively endorsing it in my opinion. I’m not happy about this personally, because of its burden on the savings rates of those just entering the workforce either directly, and in spite of lower premiums for young people or indirectly, through reducied compensation via reduced opportunities for fulltime hours or future promotion based pay rates. I am smart enough to know there is no “Free” in this world for anything good.
Further, small business owners were forced to pay for something they did not have to before. For example, a middle aged sole proprietor might have to pay $6500 extra for a basic health plan for himself. Rough numbers at the time for household income and savings rates were $65,000 and 4% respecively, according to my memory. This is a net annual savings rate before healthcare insurance costs of $2600. In other words, someone in this situation loses ground. While there is currently a provision for this situation, those who don’t meet this provision are forced to take a big hit. As it is, the burden upon new entrants in our workforce is disproportionately large in order to pay for, effectively, cancer treatments and chronic diseases of the elderly who in many cases abused their bodies. You’re welcome, Babyboomers.
While I feel comfortable in expecting more personal freedom in a Trump Administration, I am disappointed that healthcare reform is probably off the table.