EU member states have agreed to support a €35bn EU loan package for Ukraine, backed by interest accrued on frozen Russian central bank assets held in Europe. The agreement, which was reached on Wednesday evening, [...] The post EU Countries Approve €35 Billion Ukraine Loan Using Frozen Russian Assets appeared first on The People's Voice.

On October 11 1994, five misfits from Bakersfield, California would release an album that would change metal forever

Former President Barack Obama argued on Thursday that the economy under the Trump administration was only good because former President Donald Trump inherited Obama’s economy. Obama made the comment while stumping for Vice President Kamala Harris in Pittsburgh, the first stop on his battleground state “blitz” for the Democratic nominee. “The reason some people think, ‘I remember that economy when [Trump] first came in being pretty good.’ — Yeah, it was pretty good because it was my economy,” Obama told the crowd of Harris supporters. “We had 75 straight months of job growth that I handed over to him. It wasn’t something he did.” Obama then ripped former President George W. Bush’s administration, saying, “I had spent eight years cleaning up the mess that the Republicans had left me the last time.” BREAKING: Obama takes credit for the booming economy under Trump "Some people think, 'I remember that economy when he first came in being pretty good.' Yeah! It was pretty good—because it was my economy!” pic.twitter.com/ny49SjmSV5 — Breaking911 (@Breaking911) October 10, 2024 Conservatives blasted Obama on social media for attempting to take credit for the economy under Trump. “So then by that logic Joe Biden’s supposedly amazing economy is Trump’s. This idiotic sword cuts both ways,” wrote Daily Wire Editor Emeritus Ben Shapiro. The Federalist Editor-in-Chief Mollie Hemingway added, “In fact, the Obama economy was *notoriously* sluggish and a big reason why Trump won [the] election the first time.” Hemingway’s husband, Mark — a senior writer at RealClearInvestigations — wrote, “GDP growth in Obama’s last year in office was 1.6%. Trump did not inherit a good economy. This is delusional.” From the first quarter of 2015 to the fourth quarter of 2015, the GDP growth rate dropped from 3.7% to 0.7%. GDP bounced back slightly in Obama’s last year in office, and Trump took over with a 2% growth rate in the first quarter of 2017. In Trump’s first full year in office, GDP growth jumped to 4%. It reached a high of 4.8% in 2019 before the COVID pandemic lockdowns shuttered the economy. During the 2024 campaign, Trump has focused much of his attention on the economy, blasting the Biden-Harris administration’s record on the issue. Voters also list the economy and inflation, which reached 9.1% under President Joe Biden, as the top issues heading into the election. At a town hall event in Michigan, a vital swing state, last month, Trump was asked how he would “bring down the cost of food and groceries” as many families struggle to pay their bills. “We have to start always with energy,” Trump replied. “I don’t want to be boring about it, but there’s no bigger subject that covers everything. If you make donuts, if you make cars, whatever you make, energy is a big deal.” “And it’s my ambition to get your energy bill within 12 months down 50%,” he added. “If I can do that, we’ve done a hell of a job … [and] interest rates are going to follow.” Harris has also focused on addressing Americans’ economic woes during her campaign and has largely blamed corporate greed for a rise in prices. In August, Harris proposed “the first-ever federal ban on corporate price-gouging,” a policy that was compared to Soviet-style price controls on food.

Former President Donald Trump announced in Detroit on Thursday that if he wins the election, he will make car loan interest “fully” tax-deductible, adding the policy to his plans for other major tax cuts. During a speech at the Detroit Economic Club, Trump said the tax deduction on car payments would “revolutionize” the car industry and “stimulate massive domestic auto production.” The former president added that the policy would “make car ownership dramatically more affordable for millions and millions of working American families.” Today, I am also announcing that as part of our TAX CUTS, we will make interest on car loans FULLY DEDUCTIBLE… pic.twitter.com/q5RUbo0lRO — Donald J. Trump (@realDonaldTrump) October 10, 2024 In his speech, Trump also reiterated his promise to impose tariffs on car companies that manufacture vehicles outside of the U.S., a policy he says would bring jobs back to places like Detroit and Flint, Michigan. “I want German car companies to become American car companies. I want them to build plants in America. Otherwise, I’d rather not have their cars here,” Trump said. At another point of his speech, Trump warned that if Vice President Kamala Harris wins the election, the U.S. “will end up being like Detroit.” “I don’t think anything that we’re talking about today is high on her list,” Trump said. “The whole country is going to be like, you want to know the truth? It’ll be like Detroit. Our whole country will end up being like Detroit if she’s your president. You’re going to have a mess on your hands.” Trump in Detroit: The whole country will be like Detroit if Kamala Harris is your president pic.twitter.com/KW3nqtuSd9 — Acyn (@Acyn) October 10, 2024 In his multiple campaign stops in Michigan, an important battleground state in the 2024 election, the former president has focused on the car industry. While speaking to Michigan voters last month, Trump promised that his administration would put a 200% tariff on vehicles manufactured outside of the U.S. “They think they’re going to make their cars there and they’re going to sell them across our line and we’re going to take them and we’re not going to charge them tax. We’re going to charge them. I’m telling you right now, we’re putting a 200% tariff on them, which means they’re unsellable,” he said. Jobs in Michigan’s auto plants, car parts factories, and corporate offices of major car companies have dropped by 35% since 1990, according to the Bureau of Labor Statistics, CNN reported earlier this year. Those job losses in Michigan are due, in part, to the automation of factories, but also due to companies moving their manufacturing bases to Mexico. “We are going to bring so many auto plants into our country. You are going to be big or bigger than you were 50 years ago,” Trump told a crowd in Flint in September. “If they’re not willing to build a plant, we don’t want their product.”

The video was posted to YouTube in September 2021, its description indicating that it took place in New Jersey, not Florida.