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Originally Posted by ThePrince
It’s not just in America - take a look at this board’s American politics threads, all of the following claims have been made:
- The economy in Biden’s term was great because Biden cleaned up Trump’s policies
- The economy in Biden’s term was bad because of Trump’s policies and the pandemic
- The economy in Trump’s first term was bad because of his policies into the pandemic
- The economy in Trump’s first term was good, but only because of Obama’s policies
- Biden’s immigration policies did not effect illegal immigration
- Biden and Trump’s immigration policies were not much different
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All statements can be (are) true. Policy changes are not felt overnight. It can take more than a year for an operational policy to become entrenched in the apparatus and start to show measurable results. It takes about 18-24 months to feel the impact of fiscal policy change in the economy. So all the statements you made are true.
When Trump entered into office he had the benefit of the hot economy Obama's policies had created. Trump did not sign the Tax Cuts and Jobs Act of 2017 until the end of December of that year. It takes time for those changes to go into effect. Some were felt during 2018, while others could not go into effect until 2019, over a year later. Those changes then have to ripple into the economy and become part of the fabric of the system people operate in. So the effect of those changes were not truly felt until mid-2019 or 2020. Those impact of those policies would then be evident until 18-24 months after the next major fiscal policy change, the Infrastructure Investment and Jobs Act, signed in November of 2021. So the "Trump economy" is the period of 2019 through 2022, as that is when the full brunt of the fiscal policy was in place. The Biden policy is having its affect in 2023 through to 18 months after the next fiscal policy goes into effect. Every president goes through the same thing of having to live through almost two years of the previous administration's policies.
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People already have their narratives and beliefs, then skew any math or data to fit what those pre-conceived narratives are. And it’s prevalent across all demographics. It’s the way we are fed information now and how the algorithms in our news feeds and social media platforms decide what to show us, it all feeds into our tendency for confirmation bias. If we see a piece of information that confirms our internal narrative, it must be correct and great information. If we see a piece of information that is at odds with our beliefs, it’s disregarded or skewed to fit the narrative we believe. There’s multiple examples of this happening even over the last few pages.
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Which is why you should always question the sources of information and go directly to the primary sources to get accurate and unvarnished information.