2024 Presidential TV Debate: Biden vs. Trump
Hello everyone! Today, I want to talk about the 2024 U.S. Presidential TV debate. We will deeply analyze the debate topics of Biden and Trump, dividing them into economic, social, cultural, and key issues. Additionally, we will look into the impact on the U.S. and Europe if either candidate wins the election.
Economic Issues
Biden's Economic Policies:
- Inflation Control: Biden is aiming to stabilize the economy by implementing proactive monetary and fiscal policies to curb inflation. He stated that while maintaining the independence of the central bank, he is ready to intervene if necessary. His goals include restoring supply chains and stabilizing key commodity prices to control inflation.
- Strengthening the Middle Class: Biden aims to reduce income disparity through tax benefits and expansion of public services for the middle class. He emphasizes public investments in education, healthcare, and housing, with a particular focus on expanding college tuition support and public healthcare services. These measures will help reduce the economic burden on middle-class families and improve their standard of living.
- Clean Energy Investment: Biden plans to invest heavily in the clean energy sector to combat climate change. This is expected to lead to job creation alongside the growth of the renewable energy industry. Biden has expressed support for developing technologies in various fields, including solar, wind, and hydrogen energy. These policies aim to ensure the sustainable growth of the U.S. economy in the long term.
- Revitalizing Manufacturing: Biden is pushing for tax benefits and deregulation to revive domestic manufacturing. He aims to strengthen global competitiveness by fostering high-tech manufacturing industries. This will positively impact job creation and economic activation within the U.S.
Trump's Economic Policies:
- Massive Tax Cuts: Trump is advocating for overall tax rate reductions, including corporate and income taxes, to boost investment incentives and stimulate economic growth. He emphasized that this would enhance corporate competitiveness and accelerate job creation. Although tax cuts can promote short-term economic growth, they may also increase fiscal deficit concerns.
- Deregulation: Trump plans to significantly ease government regulations to enhance corporate autonomy and stimulate economic activities. He particularly aims to deregulate the energy, environmental, and financial sectors to promote industrial growth. This will reduce operational costs for companies and improve the investment environment.
- Free Market Economy: Trump supports a free market economy that prioritizes market autonomy, minimizing government intervention, and promoting economic growth through autonomous market adjustments. He plans to maximize economic efficiency and foster innovation through this approach.
Impact on the U.S. and Europe:
- If Biden Wins: There is a high possibility of strengthened cooperation between the U.S. and Europe in the clean energy and technology sectors. This will increase collaboration opportunities in renewable energy fields, aligning with Europe’s Green Deal policies. Additionally, Biden’s policies to revitalize manufacturing could enhance technological exchanges and cooperation between the U.S. and Europe.
- If Trump Wins: Trump’s deregulation and tax cut policies may increase U.S. companies' expansion into Europe. However, strengthened protectionism could escalate trade conflicts with Europe, negatively impacting both economies.
Social Issues
Biden's Social Policies:
- Eliminating Racial Discrimination: Biden is pushing various policies to eliminate racial discrimination. He expressed his commitment to addressing racial disparities through police reform, criminal justice reform, and expanding educational and employment opportunities. These efforts will promote social integration and reduce social unrest.
- Promoting Gender Equality: Biden is working to promote women's rights and gender equality. His key policies include paid family leave, closing the gender pay gap, and protecting women's health rights. These measures will expand women's economic participation and contribute to social equality.
- Expanding Social Welfare: Biden aims to strengthen social welfare policies, including expanding healthcare insurance and housing support, to ensure a minimum standard of living. He particularly promised to expand public healthcare insurance programs to provide more people with medical benefits. This will play a crucial role in improving the quality of life for citizens.
Trump's Social Policies:
- Law and Order: Trump emphasizes the importance of law and order, focusing on combating illegal immigration, curbing crime, and strengthening law enforcement agencies. He plans to enhance police forces to promote social stability. While this can contribute to maintaining social order in the short term, it may also lead to conflicts over human rights issues.
- Combating Illegal Immigration: Trump takes a tough stance on addressing illegal immigration issues. He aims to strengthen border security and crack down on illegal immigrants to establish law and order within the U.S. This approach aims to promote social stability and uphold legal order while potentially causing conflicts with immigrant communities.
Impact on the U.S. and Europe:
- If Biden Wins: Strengthened social welfare policies could lead to increased consumption within the U.S., potentially enhancing economic cooperation between the U.S. and Europe. Biden’s policies to strengthen the middle class may increase the demand for European products by boosting U.S. consumer power.
- If Trump Wins: Trump's policies to enhance law and order may prompt the adoption of similar policies in Europe. Additionally, the crackdown on illegal immigration could strengthen immigration policy cooperation between the U.S. and Europe.
Cultural Issues
Biden's Cultural Policies:
- Multicultural Society: Biden emphasizes the importance of a multicultural society, committing to respecting and supporting diverse races and cultures within the U.S. He plans to promote cultural diversity through various programs in arts, education, and public policy. These efforts will foster social integration and respect for cultural diversity.
- Cultural Exchange: Biden aims to strengthen international cultural exchanges to enhance cultural ties with countries worldwide. He particularly expressed his intention to expand cultural exchanges with South Korea to contribute to the spread of the Korean Wave (Hallyu). These initiatives will promote cultural exchanges and mutual understanding between the U.S. and Europe.
Trump's Cultural Policies:
- Traditional American Values: Trump emphasizes traditional American values, advocating for strengthened immigration policies and the preservation of America-centric culture. He plans to implement various policies to maintain cultural homogeneity within the U.S. While this can contribute to preserving traditional values, it may also lead to conflicts within a multicultural society.
- Immigration Policy: Trump plans to strengthen immigration policies to reduce illegal immigration and enhance legal immigration procedures. This approach aims to promote law and order and social stability within the U.S.
Impact on the U.S. and Europe:
- If Biden Wins: The continued spread of Korean culture within the U.S. and the Korean Wave phenomenon may positively impact its spread within Europe as well. Additionally, cultural exchange programs will further strengthen cultural ties between the U.S. and Europe.
- If Trump Wins: Strengthened immigration policies may make it challenging for Korean students or immigrants to enter the U.S. This could negatively impact human exchanges between the U.S. and Europe. However, the emphasis on traditional American values could highlight the uniqueness and value of Korean culture within the U.S.
Key Issues
Biden's Foreign Policies:
- Cooperation with Allies: Biden emphasizes cooperation with allies, highlighting the importance of international organizations like NATO. He stated his commitment to strengthening security cooperation in the Asia-Pacific region. In particular, he plans to strengthen the U.S.-South Korea alliance to enhance cooperation on North Korean issues. These efforts will contribute to reinforcing U.S. leadership within the international community.
- Multilateral Diplomacy: Biden is committed to actively addressing global issues through multilateral diplomacy. He aims to strengthen international cooperation on global challenges such as climate change, terrorism, and human rights issues. These initiatives will enhance diplomatic cooperation with Europe.
Trump's Foreign Policies:
- America First: Trump emphasizes "America First," advocating for the reevaluation of trade agreements and increased defense cost-sharing among allies. He plans to prioritize U.S. national interests in foreign policy. This approach aims to strengthen the U.S. economy and security.
- Self-Reliant Defense: Trump calls for allies to take responsibility for their defense and plans to minimize U.S. military intervention. He aims to reduce U.S. military spending and focus on domestic economic issues.
Impact on the U.S. and Europe:
- If Biden Wins: Strengthened U.S.-South Korea alliance and enhanced cooperation on North Korean issues could positively impact South Korea’s security and diplomacy. Additionally, multilateral diplomacy will provide opportunities for South Korea to expand its role within the international community. Strengthened cooperation with Europe will increase opportunities to address global challenges such as climate change and human rights issues.
- If Trump Wins: Although defense cost-sharing issues may cause tension in U.S.-South Korea relations, Trump's "America First" policy could positively impact South Korea’s defense industry. The process of strengthening self-reliant defense could create growth opportunities for the defense industry. While trade conflicts with Europe may intensify, the focus on economic benefits could maintain economic cooperation between the U.S. and Europe.
Conclusion
Regardless of whether Biden or Trump wins the 2024 election, the impact on the U.S. and Europe will be multifaceted. Biden’s victory could strengthen cooperation on clean energy and multilateral diplomacy, while Trump’s victory could emphasize trade activation and "America First" policies. South Korea and Europe need to analyze these changes closely and prepare countermeasures.
