Democratic President rebuilds economy, just in time to hand it off to Trump — again(www.huffpost.com)

posted 11 days ago

MicroWave@lemmy.world

politics@lemmy.world

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Summary

President Joe Biden touted his administration’s economic recovery efforts, citing job growth, reduced inflation, and infrastructure investments, as he prepares to hand off a strong economy to Donald Trump.

Biden criticized Trump’s proposed steep tariffs on imports, warning they could harm the economy and reintroduce inflation.

Trump plans tariffs against China, Mexico, and Canada, raising concerns about trade disruptions similar to those seen during his first term.

Economists caution that such policies could quickly reverse recent economic gains and weaken the U.S. economy.

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kandoh@reddthat.com

4 points

11 days ago

Can’t do that without also controlling congress which he doesn’t.

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Maggoty@lemmy.world

1 point

9 days ago

What are they going to do, claw it back after the checks go out?

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kandoh@reddthat.com

1 point

8 days ago

The checks would bounce

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Maggoty@lemmy.world

1 point

8 days ago

Why would they bounce? The Treasury department takes orders from the President, not Congress.

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kandoh@reddthat.com

1 point

8 days ago

The President cannot direct the Treasury to send money without congressional approval due to the U.S. Constitution’s Appropriations Clause, which grants Congress the exclusive power to authorize federal spending[3][4]. While the President has some discretion in spending appropriated funds, any attempt to unilaterally spend or withhold funds without congressional authorization would likely face legal challenges and violate the separation of powers[1][3][4]. The Impoundment Control Act of 1974 further restricts the President from withholding funds appropriated by Congress[1][4].

Citations: [1] How Trump Plans to Seize the Power of the Purse From Congress https://www.propublica.org/article/trump-impoundment-appropriations-congress-budget [2] Biden Can’t Ignore Constitution and Give Himself Unilateral Power … https://www.heritage.org/debt/commentary/biden-cant-ignore-constitution-and-give-himself-unilateral-power-raise-debt-ceiling [3] Fact check: Presidential spending through executive order is allowed https://eu.usatoday.com/story/news/factcheck/2020/08/21/fact-check-presidential-spending-through-executive-order-allowed/5582667002/ [4] The impoundment threat, explained - Protect Democracy https://protectdemocracy.org/work/impoundment-threat-explained/

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Maggoty@lemmy.world

1 point

8 days ago

Oh dude, some paper isn’t going to stop him. He demonstrated that last time.

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