r/lastweektonight • u/sabotnoh • 16d ago

Which President did a better job of improving the value of the dollar against competing/adversarial nations?

Turns out the value of the yuan and the ruble tumbled against the dollar during Biden's administration. Even if you factor out COVID ("That's not fair to Trump, COVID hurt his beautiful economy and Biden just took credit for the recovery!"), Biden's administration still did better.

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28

u/kevinkareddit Official Raptor 16d ago edited 16d ago

https://en.wikipedia.org/wiki/U.S._economic_performance_by_presidential_party

The data is pretty clear, at least for the U.S. - Economy consistently better under the Democrats.

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u/Lord_Triclops 15d ago

Wow its like democrats try to fix everything republicans break, and while mid repair the republicans complain that everything still broken.

5

u/P7BinSD 15d ago

But with a voting population whose average attention span is apparently about as long as a flea's dick, we get The Idiot again.

1

u/Fin745 15d ago

What's your thoughts on asking people every election, " Were you better off than x number of years ago?"

It seems like people people fall into the trap of not being able to not see the forest through the trees.

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u/kevinkareddit Official Raptor 15d ago

MY thoughts? I don't think people really know from one day to the next if they are better off one year to the next much less one day or decade. As far as I can tell, the economy is booming and people are buying things just as much as they ever did. However, I'm in Southern California and not the middle of Kansas so I can't speak for the country as a whole.

I've seen reports that people voted for Trump because they FEEL like they are not better off but I don't think they really know for sure if they are or not and, if they FEEL worse, they are not necessarily taking a real look at WHY. Is it the US Government doing or not doing something or are these people over-extending themselves so they are doing worse because of their own actions? Impossible to know for sure without proper data/context.

"Everyone" seems to complain about the cost of eggs but not that cars cost $50,000. I don't need to eat eggs but I do need to get to work and to the store to buy those eggs!

So I agree there might be some forest/tree action going on.

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u/GroundbreakinKey199 16d ago

A weaker dollar, which I've heard Trump favors, makes American goods cheaper for other nations to import. A strong dollar isn't overall as good as it may first sound.

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u/trentreynolds 16d ago

Wow

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u/WaySavvyD 16d ago

Here's a hot tip, don't listen to the orange moron