Question

Do believe that Congress and the former Obama administration or the current Trump administration are responsible for the current Economic situation? Make sure you discuss this in Economic terms.

Answer 1

It is the current Trump administration that is responsible for the current economic situation, because it is the administration that had reversed the policy of government spending on important sectors, while coming up with its own tax reforms. But, the tax reform was more helpful to the firms and bigger corporate, rather common people. This policy has not given a desired result and poor economic condition was looming large. Further, it is the Trump administration that started a trade war with China that is yet to be resolved, affecting domestic production and jobs as China also retaliated. Besides, Trump chose the course of Collison while dealing with Mexico and Canada in NAFTA and EU, making more enemies than the friend. In recent months, Trum administration completely ignored the warning od COVID-19 and did not prepare well. It led to huge loss of lives, economy moving to slowdown, and increasing number of cases of claims for unemployment benefits. So, it is the Trump administration that is responsible for the current economic problem.