Secret Door to the Left

11 - The 2020 Election Series: Issue #2 - The Economy

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In Episode 11 behind the Secret Door, Alicia and Frances will continue their series on discussing three different crucial points that will determine the election. The second on their list is jobs and the economy.

Frances and Alicia will talk about the unemployment rate, the stock market, international trade, and the overall effects of the economy under Trump. They will talk about the facts and fiction of each issue, and they will give credit where credit is due.

Do you have an opinion for Alicia or Frances? Do you think Trump has helped the economy as much as he claims? What do you think will happen as COVID-19 continues to be a threat? You can comment, email, or message them to share with them your opinions and ideas.

You can reach Alicia and Frances at:

Secret Door to the Left on Facebook

@secretdoorttl on Instagram

@SecretDoorTTL on Twitter

[email protected]

Key Topics:

  • The stock market has risen considerably under Trump’s presidency, but only half of the United States owns stocks. Therefore, the stock market is not an accurate representation of the economical climate.
  • The unemployment rate was the lowest in fifty years in February 2020, but as we continue to recover from COVID-19, jobs have started slowing down in their hiring processes. Unemployment is still at eight percent.
  • International trade is currently at a deficit, and we are bringing in more than we are exporting.
  • Trump created a tax cut for larger corporations and the rich. The tax cut was from 38% to 21%. Biden wants to raise the taxes to 28% to benefit the people.
  • When the larger corporations were given a tax cut, research discovered that no money was put back into their businesses to hire more people, give raises, or make changes to benefit the people.

    • Episode edited/mixed by @erynbird22

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