{"id":1031726,"date":"2024-05-14T22:26:18","date_gmt":"2024-05-14T22:26:18","guid":{"rendered":"https:\/\/democrats.org\/?p=1031726"},"modified":"2024-05-23T19:54:50","modified_gmt":"2024-05-23T19:54:50","slug":"split-screen-president-biden-puts-american-workers-first-while-trump-sells-out-again-to-ultra-wealthy-backers","status":"publish","type":"post","link":"https:\/\/democrats.org\/news\/split-screen-president-biden-puts-american-workers-first-while-trump-sells-out-again-to-ultra-wealthy-backers\/","title":{"rendered":"SPLIT SCREEN: President Biden Puts American Workers First While Trump Sells Out (Again) to Ultra-Wealthy Backers"},"content":{"rendered":"\n
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As Donald Trump <\/em>cozies up<\/em><\/a> to his billionaire donors tonight and pushes his failed MAGAnomics agenda to rig the economy for the ultra-wealthy, <\/em>DNC Rapid Response Director Alex Floyd released the following statement:<\/em><\/strong><\/p>\n\n\n\n

\u201cTonight, Donald Trump is once again busy promising his ultra-wealthy friends another round of handouts and giveaways after repeatedly breaking his promises to hardworking Americans the last time he was in office. While President Biden is standing up for American workers and businesses, Trump is doubling down on putting himself and his billionaire friends first after rooting for our economy to crash \u2014 all for his own political gain. We\u2019ve seen Trump\u2019s disastrous pay-for-play MAGAnomics agenda fail working families before, and voters aren\u2019t buying it this November.\u201d<\/p>\n\n\n\n

President Biden is taking on China and delivering for American workers\u2026<\/strong><\/p>\n\n\n\n

Bloomberg<\/a>: \u201cBiden to Hike Tariffs on China EVs and Offer Solar Exclusions\u201d<\/p>\n\n\n\n

\u201cPresident Joe Biden will quadruple tariffs on Chinese electric vehicles and sharply increase levies for other key industries this week, unveiling the measures at a White House event framed as a defense of American workers.\u201d<\/strong><\/p>\n\n\n\n

ABC News<\/a>: \u201cBiden expected to quadruple tariffs on Chinese electric vehicles\u201d<\/p>\n\n\n\n

\u2026 while Donald Trump <\/strong>pitches<\/strong><\/a> his failed MAGAnomics agenda to his crooked, ultra-MAGA billionaire buddies.<\/strong><\/p>\n\n\n\n

Washington Post<\/a>: \u201c[Trump-appointed Social Security Commissioner Andrew Saul<\/strong>] dawdled while millions of disabled Americans waited for him to turn over files to the Internal Revenue Service to release their stimulus checks \u2014 and accused him of an overzealous campaign to make disabled people reestablish their eligibility for benefits.<\/p>\n\n\n\n

\u201cSaul \u2026 had proposed what they called radical changes to make it harder for older and disabled workers to be found eligible for disability benefits and blocked access to assistance for non-English speakers. He also tried to increase the frequency of medical reviews to semiannually for disabled people receiving benefits.\u201d<\/p>\n\n\n\n

Business Insider<\/a>: \u201cJared Kushner’s dad Charles<\/strong>, who Trump pardoned, gave $1 million to a Trump super PAC\u201d<\/p>\n\n\n\n

Bloomberg<\/a>: \u201cJohn Paulson<\/strong> became a billionaire after his hedge fund effectively shorted more than $25 billion of mortgage securities at the dawn of the global financial crisis.\u201d<\/p>\n\n\n\n

New York Post<\/a>: \u201cCantor Fitzgerald CEO Howard Lutnick<\/strong> backs cryptocurrency Tether despite Hamas links\u201d<\/p>\n\n\n\n

CNN<\/a>: \u201cNFL owner and Trump ambassador to UK [Woody Johnson<\/strong>] sparks watchdog inquiry over allegations of racist and sexist remarks and push to promote Trump business\u201d<\/p>\n\n\n\n

New York Times<\/a>: \u201cUnhappy shoppers are not all [John Catsimatidis<\/strong>] has to worry about. Gristedes has been the target of three class-action suits by employees since 2000, being told to pay more than $7 million in settlements to workers who said they were underpaid, denied overtime or discriminated against by management.\u201d<\/p>\n\n\n\n

Trump wants to once again rig the economy for the ultra-wealthy while leaving the middle class behind.<\/strong><\/p>\n\n\n\n

Forbes<\/a>: \u201cTrump Tax Cuts Helped Billionaires Pay Less Taxes Than The Working Class In 2018\u201d<\/strong><\/p>\n\n\n\n

CBS News<\/a>: \u201cTwo years after Trump tax cuts, middle-class Americans are falling behind\u201d<\/strong><\/p>\n\n\n\n

The Guardian<\/a>: \u201cThey were billed as a \u2018middle-class miracle\u2019 but according to a new book Donald Trump\u2019s $1.5tn tax cuts have helped billionaires pay a lower rate than the working class for the first time in history.\u201d<\/strong><\/p>\n\n\n\n

Washington Post Analysis<\/a>: \u201cOne of President Donald Trump\u2019s lesser-known but profoundly damaging legacies will be the explosive rise in the national debt that occurred on his watch.<\/strong> The financial burden that he\u2019s inflicted on our government will wreak havoc for decades, saddling our kids and grandkids with debt. The national debt has risen by almost $7.8 trillion during Trump\u2019s time in office.\u201d<\/p>\n\n\n\n

Washington Post Analysis<\/a>: \u201cThe growth in the annual deficit under Trump ranks as the third-biggest increase, relative to the size of the economy, of any U.S. presidential administration, according to a calculation by Eugene Steuerle, co-founder of the Urban-Brookings Tax Policy Center.\u201d<\/p>\n\n\n\n

Politico<\/a>: \u201cThe nation\u2019s fiscal outlook looks ever bleaker, thanks in part to deficit spending during President Donald Trump\u2019s first term, Congress\u2019 nonpartisan budget scorekeeper projected Tuesday.\u201d<\/p>\n\n\n\n

Trump owns the worst jobs record in modern American history.<\/strong><\/p>\n\n\n\n

Fortune<\/a>: \u201cTrump to leave office with the worst jobs record since Herbert Hoover\u201d<\/strong><\/p>\n\n\n\n

Washington Post<\/a>: \u201cPresident Trump took office at the crest of the longest economic expansion in U.S. history. He leaves presiding over the worst labor market in modern U.S. history, as an already-sputtering economic recovery has turned negative.\u201d<\/strong><\/p>\n\n\n\n

Bloomberg<\/a>: \u201cTrump\u2019s Jobs Record Fell Short of Promises Even Before the Virus\u201d<\/strong><\/p>\n\n\n\n

Trump repeatedly broke his promises to workers across the country.<\/strong><\/p>\n\n\n\n

CNN<\/a>: \u201cTrump told GM workers he could save their plant, but it\u2019s gone for good\u201d<\/strong><\/p>\n\n\n\n

Washington Post<\/a>: \u201cTrump promised this Wisconsin town a manufacturing boom. It never arrived.\u201d<\/strong><\/p>\n\n\n\n

Fox Business<\/a>: \u201cElectric truck company touted by Trump as ‘an incredible concept’ files for bankruptcy\u201d<\/p>\n\n\n\n

Detroit Free Press<\/a>: \u201cTrump, tweets couldn’t save U.S. auto jobs in 2017\u201d<\/strong><\/p>\n\n\n\n

MLive<\/a>: \u201cOn the 2016 campaign trail in Warren, Trump pledged \u2018you won\u2019t lose one plant\u2019 if he were elected. GM announced last year it would end production at five North American plants.\u201d<\/strong><\/p>\n\n\n\n

New York Times<\/a>: \u201cAfter Years of Growth, Automakers Are Cutting U.S. Jobs\u201d<\/p>\n\n\n\n

Trump rooted for the economy to crash to help his political standing.<\/strong><\/p>\n\n\n\n

Trump<\/a>: \u201cAnd when there\u2019s a crash \u2014 I hope it\u2019s going to be during this next 12 months because I don\u2019t want to be Herbert Hoover. The one president I just don\u2019t want to be, Herbert Hoover.\u201d<\/p>\n\n\n\n

Daily Beast<\/a>: \u201cDonald Trump admitted Monday that he wants a severe economic downturn to happen during the next year, because it will help his odds of winning the presidential election.\u201d<\/strong><\/p>\n\n\n\n

REMINDER: Trump was weak on China and created new incentives for companies to ship jobs overseas.<\/strong><\/p>\n\n\n\n

Wall Street Journal<\/a>: \u201cPresident Trump\u2019s trade war against China didn\u2019t achieve the central objective of reversing a U.S. decline in manufacturing, economic data show, despite tariffs on hundreds of billions of dollars of Chinese goods to discourage imports.\u201d<\/p>\n\n\n\n

Bloomberg<\/a>: \u201cThe Offshoring of U.S. Jobs Increased on Trump\u2019s Watch\u201d<\/strong><\/p>\n\n\n\n

Washington Post<\/a>: \u201cTrump promised \u2018America First\u2019 would keep jobs here. But the tax plan might push them overseas.\u201d<\/strong><\/p>\n\n\n\n

Reuters<\/a>: \u201cDonald Trump won the U.S. presidency four years ago, in part, by a promise to Midwest factory workers that he would stop companies like Schneider Electric SE from moving jobs out of the country. He didn\u2019t stop them.\u201d<\/p>\n\n\n\n

PIIE<\/a>: \u201cChina bought none of the extra $200 billion of US exports in Trump’s trade deal\u201d<\/strong><\/p>\n\n\n\n

Washington Post<\/a>: \u201cThe China deal pales alongside the president\u2019s original ambition. Trump initially insisted that he wanted a comprehensive agreement to address all of the Chinese trade practices identified in a March 2018 report that accused China of stealing American trade secrets and forcing U.S. companies to surrender their advanced technologies before gaining access to China\u2019s market. But as negotiations dragged, [Trump] agreed to accept a more limited deal<\/strong>, deferring haggling over China\u2019s massive government subsidies to subsequent talks.\u201d<\/p>\n\n\n\n

New York Times<\/a>: \u201cThe Treasury Department\u2019s removal of [China\u2019s designation as a currency manipulator] provided a major concession to China just days before it is set to sign a trade deal with the United States.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

As Donald Trump cozies up to his billionaire donors tonight and pushes his failed MAGAnomics agenda to rig the economy for the ultra-wealthy, DNC Rapid Response Director Alex Floyd released the following statement: \u201cTonight, Donald Trump is once again busy promising his ultra-wealthy friends another round of handouts and giveaways after repeatedly breaking his promises […]<\/p>\n","protected":false},"author":263,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1031726","post","type-post","status-publish","format-standard","hentry","category-press-release"],"acf":[],"yoast_head":"\nSPLIT SCREEN: President Biden Puts American Workers First While Trump Sells Out (Again) to Ultra-Wealthy Backers - Democrats<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/democrats.org\/news\/split-screen-president-biden-puts-american-workers-first-while-trump-sells-out-again-to-ultra-wealthy-backers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:site_name\" content=\"Democrats\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-14T22:26:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-05-23T19:54:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/democrats.org\/wp-content\/uploads\/2024\/05\/War-Room-Master-Image.png?w=1024\" \/>\n<meta name=\"author\" content=\"Claire DePree\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Claire DePree\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/democrats.org\/news\/split-screen-president-biden-puts-american-workers-first-while-trump-sells-out-again-to-ultra-wealthy-backers\/\",\"url\":\"https:\/\/democrats.org\/news\/split-screen-president-biden-puts-american-workers-first-while-trump-sells-out-again-to-ultra-wealthy-backers\/\",\"name\":\"SPLIT SCREEN: President Biden Puts American Workers First While Trump Sells Out (Again) to Ultra-Wealthy Backers - 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