Thread by @didikins4life

This is the #DemPartyPlatform for 2020.This part deals with building a #StrongerFairerEconomy
The economy is not working for the American people.Only 1 party has a platform for the next 4 yrs/the other has a loyalty pledge to a malignant narcissist who threatens our democracy1/15

The economy is not working for the American people. In a matter of weeks, the abject failure of the Trump Admin to competently respond to the #COVID19 pandemic erased all the job gains made since the Obama/Biden Admin pulled the country out of the Great Recession 2/15
#economy

President Trump inherited the longest economic expansion in American history from the Obama-Biden Administration, and he squandered it. 3/15
#DemPartyPlatform #TrumpChaos #EconTwitter

Even before the #COVID19 pandemic, President Trump was presiding over a recession in the manufacturing sector, after years of growth in the Obama-Biden Administration. He had the audacity to pay for a permanent tax cut for big business by raising taxes on working families. 4/15

President Trump launched a reckless trade war with China that cost more than 300,000 American jobs and sent farmers into bankruptcy, decimating the American heartland. 5/15 #DemPartyPlatform #tradewar #FarmersForBiden

He has left our communities vulnerable &exposed to the impacts of #ClimateChange /let other countries outpace us in the clean energy revolution &completely failed to fulfill his campaign promise to invest in rebuilding and modernizing our nation’s crumbling infrastructure.6/15

But our economy was rigged against working families and the middle class even before the novel coronavirus sickened millions and killed more than 180,000 Americans and counting. 7/15 #DemPartyPlatform #Middleclass #COVID19

Working families’ incomes have been largely stagnant for decades, while the cost of basic needs—from housing to health care, higher education to child care—keep rising at precipitous rates. 8/15 #DemPartyPlatform #WorkingForWorkers #LaborDayOn

Meanwhile, the rich have been capturing a larger and larger share of the economic pie, with incomes for the top one percent growing five times faster than those of the bottom 90 percent. 9/15 #DemPartyPlatform #EconomicJustice #EconTwitter

America bills itself as the land of opportunity, but intergenerational mobility has plummeted; children born in the U.S. are less likely to move up the income ladder than those in Canada, Denmark, or United Kingdom. Women still earn just 82 cents to every dollar men earn 10/15

Median incomes are lower and poverty rates are higher for Black Americans, Latinos, Native Americans, and certain Asian American and Pacific Islander communities, compared to median white households. 11/15 #DemPartyPlatform #WealthGap #EconTwitter

And there is a persistent, pernicious racial #WealthGap that holds millions of Americans back, with the typical white household holding six times more wealth than the typical Latino family and 10 times more wealth than the typical Black family. 12/15 #DemPartyPlatform

Trump’s recession threatens to deepen existing inequities/Black &Latino workers are less likely to work in jobs that can be done safely from home/less likely to have savings to fall back on/less likely able to access unemploy ins. &other emergency programs electronically. 13/15

That’s bad for our economy, bad for our democracy, and bad for the soul of our nation.
That is why #Democrats commit to forging a new social and economic contract with the American people/a contract that invests in the people & promotes shared prosperity 14/15 #DemPartyPlatform

#Democrats will fight for an economy that affirms housing is a right and not a privilege, and which makes a commitment that no one will be homeless or go hungry in the richest country on earth. 15/15 #DemPartyPlatform #EconomicJustice