What Will The New Year Bring Politically For The United States and It's People?

When President elect Donad Trump takes office on January 20, 2025 a triple history will take place.  Trump will be the very first convicted criminal to be elected President along with a rap sheet that includes sexual abuse, fraud and a former President who tried to overturn a democratic Presidential election in 2020 with a mob and lies that resulted in a traitorous act by a sitting President.  Trump will be the first President to nominate unqualified billionaires and millionaires to serve in his administration for the purpose of discrediting the federal government to justify his numerous personal attacks against government.   Trump will be the only one to run for President three times and never receiving 50% of the popular vote  

There is a way to fairly judge what the new year will bring politically under the new Trump administration.  It is called precedent, the past history that has taken place during past GOP administrations, including Mr. Trump's first term.  And that history represents failure more than progress as outlined in previous PolitiDose commentary in the past 12 years.  Examples are as follows:

The National Bureau of Economic Research, the nation's recession arbiter for the U.S. for the past 50 plus years reported the nation entered an economic recession in February 2020 that ended 10 straight years of economic expansion that began in 2010 on President Obama's watch.  The recession began two months before COVID took its toll and added to the problems of the economy.  No GOP President has balanced the federal budget since "IKE" in 1960 or recorded a smaller deficit at the end of his last fiscal year compared to what it was when his first fiscal year began.  Every GOP President in the last 100 years has given the nation an economic recession; Reagan was the only GOP President in the last 72 years to leave office with a lower unemployment rate than when he took office;  The largest increases in federal spending in the last 60 years took place on the GOP watch Nixon/Ford 92% increase, Reagan 75% increase and Bush 43, 61% increase;  The largest percentage increases in the National Debt in the last 60 years took place on the GOP watch of Reagan 187%, Nixon/Ford 98% and Bush 43, 105%;  The largest single year fiscal deficits in the last 70 years took place on Trump's watch, $3.1 trillion in fiscal 2020, and $2.7 trillion in fiscal 2021;  The largest single year federal spending took  place on Trump's watch for fiscal 2021 at $6.8 trillion;  The worst bank failures in the last 100 years took place on the GOP watch.  The banking collapse during the great depression under GOP Herbert Hoover, The failure of the Savings and loan Industry during the administration of Reagan and the Wall Street Banks failure during the administration of Bush 43; The longest consecutive stretch of unemployment in the last 72 years took place on Reagan's watch when it stood at over 10% for 10 straight months from September 1982 to June 1983.

During Trump's first term, federal spending increased 43%, total deficit spending was $7.3 trillion and the national debt increased $8.2 trillion or 41%.  The unemployment rate was up 1.6% and the economy lost 2.7 million jobs.  It was the first time any administration lost jobs since GOP President Herbert Hoover during the great depression when the economy lost 6 million jobs.  Trump's economy also suffered the largest single year spending spree in fiscal 2021 when spending hit $6.8 trillion.and also hit the largest single year deficit when it hit $3.1 trillion.  Unemployment was down 3.1% on President Obama's watch, federal spending increased 25% and the deficit at the end of Obama's last fiscal year was $666 billion.  The economy created 11.3 million jobs on Obama's watch.  The federal deficit at the end of Trump's last fiscal year was $2.7 trillion.  Trump joined the long list of past GOP administrations that left the country in worse shape politically and fiscally than when they took office.  If anyone thinks those numbers herein are a coincidence over such an extended period of time, they are living in the alternate universe that Trump and the GOP are trying to sell.

Over 6000 years ago, the first civilization, that of the Sumerians said they were taught that the key to a better future was to learn from the mistakes of the past.  Past GOP administrations, including Trump, never understood that wisdom, so for them the future has been like their failed past.  That, coupled by the present GOP led by Trump the autocrat, is so negative in his thoughts and actions to undo the democratic process, the future looks darker than the past because Trump represents chaos, darkness and negativity.  

On January 20, when Trump takes office officially, there is precedent that tells us what the future will look like in his second term in office.   

This commentary written by Joe Lorio

Note:  Numbers in this commentary taken from the official reports of the CBO, Office of Management and Budget, The U.S. Labor Department and the Treasury Department