Trump vs Biden: Debate EXPOSES How Much The US President Impacts the Economy

In this excerpt from SOSCAST, Adam is joined by a group of seasoned financial experts to discuss the intricate relationship between the President and the US economy. Adam takes advantage of the moment to ask about the real impact presidents have on economic trends, and dives into speculation by questioning which president they think will drive the best economic results.
The SOSCAST hosted by Adam Sosnick is a pop culture financial podcast that breaks down Lifestyle, Relationships, and Money.
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Adam “Sos” Sosnick is a professional networker, financial expert, and podcast host at Valuetainment Media. Sos is a “millionaire minimalist” who values experiences, and relationships and pays it forward.
Sos has lived a true rags-to-riches story. Combined with wealth, a strong network, and a desire to help people Sos started creating innovative content on social media breaking down money in a language everyone can understand. This led to partnering up with Patrick Bet-David, CEO and founder of Valuetainment, a business contact he has known for over 10 years. Now Sos hosts SOSCAST where “Finance meets Romance’' and co-hosts PBD Podcast, a top-rated business podcast. Sos is a major advocate for pursuing success, fulfilling your purpose, and ultimately increasing your status. Invest in yourself, help the people around you, and #SaveThatMoney!

[@leannrice4118]

You just got a taste of both. I was doing good till Trump left. Now I'm losing my home....

[@jasonbeaver464]

Damn

[@bobmalooga335]

I made over 100k for 9 years, just got laid off and work graveyard as a janitor at a casino.

[@einstein0313]

Sorry about that

[@ikingdavis7988]

Damn, sorry to hear that

[@leannrice4118]

@ikingdavis7988 oh, I can get myself out of this hole. I just need to stop eating for about a month. I keep telling my kids that they voted for this. I voted for Trump

[@Government-EconomicsTeacher]

Not an opinion: the president has power over drilling oil in the United States which directly affects gas prices which directly impacts prices of almost ALL goods. There is lack of being informed if anyone doesn't realize how much immense power the president has over prices of goods not to mention immigration which impacts labor and costs as well as so so ma y other things.

[@cheefkeef8749]

Yeah this guy comes from a communist country in Africa I’m sure. And where do they come? America where opportunities are

[@sthubbins4038]

Exactly. And under Biden, we now have the highest domestic oil production in HISTORY. Biden ‘24 💪

[@IvanGonzalez-kf4lp]

The president has power over drilling in the United States for only 20% IF that, on only federal land..and you can fact check that.

[@lonestarrk9308]

I came here to say this. Well said

[@sthubbins4038]

Exactly. And with Biden in office, we now have the highest domestic oil production in HISTORY. 💪 Biden ‘24!

[@bromack3]

My grandfather -who is black-owned his home back in the 50's. As a matter fact it was in a neighborhood filled with other black home owners.

[@jahsilent1]

Ur grandad is own by blacks?

[@oftengone]

The fact that Trump is already favorite rn scares me, because that means the D3ms are gonna pull a desperate extreme move 😕👎

[@leannrice4118]

There's not going to be an election

[@sthubbins4038]

Biden’s leading by 3 points in likely voters, FYI.

[@SoN_oF_oDiN76]

​@@sthubbins4038even CNN doesn't believe that.

[@HAHA-rm3ii]

Trump absolutely. No debating with Biden. It will never happen

[@soulsage1984]

Good stuff Amy, great points mentioned.

[@jerseydrillmovement8235]

Trump

[@user-ko9rd5po1k]

Its the executive branch's policies that influence the economy the most.

[@IvanGonzalez-kf4lp]

Simply not true.

[@AZMasterbaker]

Tired of the guy guy riding the fence and saying alot without saying anything arguing with people that knows way more about things than him. The guy is playing victim while being clearly to some sense successful.

[@d-tay5492]

I didn’t expect to see my man Jordan, this is dope!

[@liamcostello3474]

FJB

[@MSBJJ]

It comes down to which person will create the better environment for businesses. Trump 100000000%.

[@IvanGonzalez-kf4lp]

The economic data just doesn’t show that. Trump passed tax cuts. That’s it. They didn’t pay for themselves, rather they added trillions of dollars to the national debt. And they didn’t lead towards massive wage growth and employment gains… they went towards historic rate of stock buybacks.

[@JohnJohn1982]

Inspiration means nothing??? This guys doesn't know what hes talking about.

[@ikingdavis7988]

That's victim talk right there

[@Austinmichaell7]

Fully agree with the paycheck to paycheck that’s a budgeting issue . But that 2/3rds will feel the economy the most because they have no savings to bail them in hard times. Therefor now they feel it the most from less expendable income. Hence credit cards at max , on top of high interest rates … the list goes on and on

[@HELLYEAH1313]

Trump, without a doubt. Lower taxes, lower mortgage rates, lower interest rates, lower inflation, lower gas prices. Our Nation was MORE independent with Trump in office. Biden is making life so much harder for people in this Country.

[@IvanGonzalez-kf4lp]

Trump doesn’t control mortgage rates. He doesn’t control interest rates. And he doesn’t control retail gasoline prices. Lmao.

[@HELLYEAH1313]

@@IvanGonzalez-kf4lp I think you need to get out from under that rock. The mortgage rate was about 3.25 under the Trump administration. Under the Biden administration, it's 7+. The interest rate is also 7+. Plus under the Trump administration, we were energy independent, whereas now we are reliant on energy from other Countries. As soon as Joe Biden became President, inflation skyrocketed. Would you like some statistics from the U.S. Bureau of Labor?

[@hunter-zp2hf]

​@@IvanGonzalez-kf4lppolicies absolutely effect these things. Pretty obvious if ur Biden and u shut down and put a ban or drilling fracking and close down petroleum reserves then the prices will go up. There's a reason within the first week of Biden taking office a barrelnofnoil went from around $30 dollars to $100 LMAO

[@jonathantaylor426]

Thank God for smart Australians.

[@mikenelson4136]

The idea is a HORRIBLE IDEA

[@Headsup9550]

Ah yes, this is why the economy straightened up literally weeks after trump took office and went in the shitter the second he left..

[@IvanGonzalez-kf4lp]

What ?! 😂😂 Show data right now proving your point that the economy straightened out ‘literally’ weeks after trump taking office. Despite the fact that trump passed no legislation or economic policy in that time frame. 😂

[@fordshelby6900]

The only thing trump passed was tax cut for his rich friend and people are complaining about why everything is so much this company's can do what ever they want because they pay there politician alot of money

[@juniorspencer8203]

Please don’t invite yenka back

[@cheefkeef8749]

This dude is a DEI apologist. It’s done nothing but make people more racist. A real business owner is going to hire the best person for the job and IF they want an all black staff they can totally do that, but a company shouldn’t be FORCED to discriminate due to race.

[@bobmalooga335]

NOBODY would ever hire an all black staff unless they are getting paid by the government

[@user-rd6kq6xd3w]

🇺🇸🇺🇸🇺🇸TRUMP🇺🇸🇺🇸🇺🇸

[@mikelivingood7797]

I believe his name is Yinka, seems to have a CNN knowledge of American history. The biggest setback to blacks in the US was not being granted GI benefits after WW 2, from FDR and Truman. Jesse Owen's said he received more respect from Hitler than FDR. Hitler congrats him on his performance while FDR refused to invite any black Olympians to the White House. If a black person could not have received a loan for a house they could have invested in the stock market and seen the same amount of financial growth. Charles Barkley said that when he talks to black students, 90 percent want to be athletes, while 90 percent of White students want to be lawyers or doctors. We need to change the culture in minority schools, but when we hold down great historic educators like Joe Clark and Jaime Escalante, it does not look as if Democrat run cities are helping at all. It is always a pleasure to see Amy on the show. She brings a level of knowledge others don't have.

[@IvanGonzalez-kf4lp]

Black do better in democratic cities than in Republican rural areas. How do you explain that?

[@mikelivingood7797]

@@IvanGonzalez-kf4lp in education? Please show your proof because I am we aware that is not the case.

[@IvanGonzalez-kf4lp]

@@mikelivingood7797 omg there’s SO much literature on this topic. Go on google scholar and search disparity in educational attainment by race urban vs rural areas.

[@mikelivingood7797]

@IvanGonzalez-kf4lp I have not head your reply as of yet, when can I expect an answer?

[@ikingdavis7988]

@@mikelivingood7797 blacks do better in democratic cities than Republican rural areas because theirs more handouts in in dem cities. Anyone who lives in rural areas requires more self responsibility and dependence to get by vs handouts

[@grovercorp834]

Thank god for this man keeping it real about dei...the meritocracy lie is such garbage...

[@TheStrongerMenClub]

No not everyone can be Michael Jordan… but everyone can be rich… just like everyone can be in shape. Why did the panel let him get away with this line/lie.

[@KingofJV]

“Financial experts” give me a fucking break

[@hi-if7lj]

Audit the federal reserve

[@thatomofolo452]

Win 👍👍 President Donald Trump 🦅🦅🦅♥️💫

[@We90909]

Oil baby yes they do energy directly effects all prices 🙄 😒

[@IvanGonzalez-kf4lp]

We’re producing more oil domestically under Biden than we ever were under trump.

[@joshuavogann9369]

Lol... Did Brandon kneecap our oil production, yes or no??? One question to rule them all.

[@thetruedealio8792]

DEI is racist. When you exclude a race from opportunity. That is systemic racism, period.

[@products4less409]

First guy speaking is clueless. Policy policy policy.

[@robertgabrielle5956]

Adam sucks

[@humachine5226]

Lol.. why? I didn't hear him say anything off, time frame?

[@MikeRaposa-fg5fe]

MAGA

[@EZLongboarding]

Sorry, but all valutainment does is spew bullshit about DEI. If you simple good “who benefits most from DEI” you will see that all the crap they are talking about is just that

[@peterbournias9735]

Hey get actually someone he or she have only normal jobs work week to week paycheques ask them bring them on your show … get real Americans most of you guys are well off ….

[@anthonyanthony8827]

How can the one guy be so clueless and delusional omg wtf seriously just stop talking and go away 👍

[@kennybustos6678]

One of the few podcasts I watch solely for the panel sos is just insufferable 😫

[@ArneAsada69]

LOL😂 @ Trump having multiple bankruptcies but still thinking he is best to handle the economy. Dude will only lower taxes for corporations and the top 1%. Dude also said he will impose a 10% import tax on all products entering the US. The businesses aren’t going to eat that cost, you are. Get ready to pay more for foreign made goods.

[@hunter-zp2hf]

Lol what? How can u nuts still argue who was better fr the economy? Brother we had 4 years of each and it's factually OBVIOUS that it was trump and his policies..but y'all are so emotionally tied up to him being mean u would rather vote for a guy in Biden that ur family would suffer under than trump cuz he's mean lol gtfoh

[@619KingPoker]

Trump naw he’s all about his self

[@joshuaa262]

Lies.

[@farbulosity]

Yinka is an embarrassment to Nigeria. I don’t see sense in the trash he’s spewing. Trump 2024

[@c.f.okonta8815]

I agree with you

[@johnmcdaid2537]

BIDEN = WOKE WEAKNESS /. TRUMP =. STRENGTH & GOOD ECONOMY.

[@gurt8161]

Adam sucks