He was one of the worst.
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Yermom_Is_God — 1 year ago(November 13, 2024 10:55 PM)
He inherited a thriving economy because of Obama
That's a lie.
a ****ty one that he got from Dumbya.
The economy was ****ty because of the mortgage meltdown which wasn't Bush's fault, that was Clinton's fault for his "Everyone Owns a Home" bill.
"I am Kamala Harris, my pronouns are she and her, and I am a woman sitting at the table wearing a blue suit." -A fucking idiot -
WarrenPeace — 1 year ago(November 13, 2024 11:54 PM)
That's a lie.
Not really and not on purpose from my end.
I'm just going by what I have seen from economics experts.
This sums it up quite nicely as to what happened.
So while the (Trump) White House can certainly point to some yardsticks that indicate a meaningful turnaround on Trump's watch — including small business sentiment, business investment and goods-producing job growth — broader measures of the overall job market and wages show the economy continues to follow the steady, upward glide path that began under Obama.
https://www.npr.org/2018/09/12/646708799/fact-check-who-gets-credit-for-the-booming-u-s-economy
"Please vote to preserve the unique character of Warren…" - Robert Duvall -
Yermom_Is_God — 1 year ago(November 14, 2024 12:17 AM)
Yeah, I addressed your appeal to authority yesterday, it's nonsense. Especially in that paragraph there, Trump's economy didn't follow any consistent path with Obama's, Obama's economy was nothing but a long, slow drag, the slowest recovery from a recession since the 1940s. Obama's economy is the equivalent of having a cold for 8 years and taking the same cough medicine that entire time and with each passing day you'd get slightly better but still didn't fully recover until years later and then praising the great job that medicine did. Obama's economy improved incredibly slow, so much so that Obama himself tried defending it saying "1% GDP growth is the new normal," then Trump came in, cut regulations and taxes and the economy boomed. That's not following a path or trend, that's making a change and busting out.
"I am Kamala Harris, my pronouns are she and her, and I am a woman sitting at the table wearing a blue suit." -A fucking idiot -
Uncreative — 1 year ago(November 14, 2024 12:44 AM)
The unemployment trend was basically the same between Obama and Trump until COVID started
https://www.bls.gov/charts/employment-situation/civilian-unemployment-rate.htm
During Obama's term he had an average growth of 1.67% compared to 1.42% for Trump. If you want to nitpick and throw out the 2020 dip for Trump and the 2009 negative growth for Obama when things were still free falling then you get 2.3% for Obama and 2.6% for Trump.
https://www.bls.gov/charts/employment-situation/civilian-unemployment-rate.htm
The last three years of Obama's term and the first 3 years of Trump's term had similar income growth rates. 2.44% for Obama, 2.5% for Trump. The last year of Trump's term and first of Biden's are obviously artificially juiced by COVID stimulus money.
https://united-states.reaproject.org/analysis/comparative-trends-analysis/per_capita_personal_income/tools/0/0/#:~:text=During the 1960s%2C the United,decade (2020-2023)
.
The deficit under Obama started shrinking as the economy crawled out of recession and then the Trump tax cuts grew it again
https://www.statista.com/statistics/200410/surplus-or-deficit-of-the-us-governments-budget-since-2000/
The last 20 years of the Dow showed no meaningful difference between Obama and Trump
https://www.macrotrends.net/1319/dow-jones-100-year-historical-chart
So where is this supposed magical Trump bump that was a 180 degree turn from the Obama years? -
Yermom_Is_God — 1 year ago(November 14, 2024 01:25 AM)
I never said it was a 180 from Obama, I said Trump didn't inherit a booming economy from Obama, I said Obama was a drag who gave us the slowest recovery to a recession since The Great Depression, we never had an economic boom under Obama, something that typically happens when coming out of a recession. It was a slow, stagnant economy, and it started booming when Trump cut taxes and regulations, created more incentive for companies to produce here.
Again, I'm not blaming Obama for the recession he inherited, I am blaming him for his snail paced recovery.
"I am Kamala Harris, my pronouns are she and her, and I am a woman sitting at the table wearing a blue suit." -A fucking idiot -
WarrenPeace — 1 year ago(November 14, 2024 03:52 AM)
I'm under the impression from hearing in passing without really looking all that deeply into it that what happened was:
The economy was ****ed up because of Dumbya Bush.
Were his lying wars to blame?
Then Obama made it better.
Trump was riding high on that ship that was sailing when he came in.
Trump sorta/maybe made it better or improved things>?
If so could he have done it on his own?
(I doubt it. What do you say?)
Then it got ****ed up because of his lame Covid response.
Is that the timeline of it in a nutshell?
"Please vote to preserve the unique character of Warren…" - Robert Duvall -
Uncreative — 1 year ago(November 14, 2024 04:25 AM)
You've got it kind of right. During the Clinton years they deregulated a lot of the financial industry. Also most of the worst deregulation and tough on crime laws of the 90s were sponsored by a relatively by a certain senator from Delaware that you may have heard of. His name was Joe Biden. The same guy who railroaded Anita Hill and got Clarence Thomas appointed to the supreme court. I wonder what happened to that guy. Haven't heard much about him lately.
Of course Bush did nothing to improve the situation either and by the end of his term it all came crashing down. His wars didn't help the situation but they weren't really a factor either.
Obama came into office and signed a large stimulus package to try keeping an already crashing economy from slipping into a death spiral. $800 billion sounded like a lot at the time but economists were saying it probably should have been twice as large to really give it a boost and dig us out of the hole faster. Unfortunately he kept the size under $1T because he wanted to compromise and try winning over a few Republican votes. He basically went his entire presidency without realizing that working to get their support on anything was a lost cause.
You could make an argument that since Obama was starting from a rock bottom position that almost anybody would have seen some growth and improvement and that a more effective president might have done it faster. I don't know if I buy it. Republicans were so against him from the very beginning. And infrastructure spending like the stuff in his stimulus bill has a smaller immediate payoff but better long term results than the typical Republican tax cuts.
Also in 2017 when Trump passed his tax cuts the unemployed rate was already down to 4%. Full employment is usually considered somewhere around 5% so it really was a pointless stimulus that did nothing except increase the deficit and inequality.
Normally you want the government to go in the opposite direction of the economy. Scale back and build up reserves in the good times so you can help people out in the bad times.
And yes Trump royally ****ed up with COVID. Obama left him a pandemic response plan that he threw out after taking office. I don't think he could have stopped it entirely no matter what but he was the #1 source worldwide for COVID disinformation and did us no favors by trying to pretend it didn't exist. Honestly it's a minor miracle he won this election because the people who died in the pandemic were so disproportionately Republicans who followed hot advice. He does deserve some credit for allowing the vaccines to be developed so quickly though. -
WarrenPeace — 1 year ago(November 14, 2024 07:09 AM)
Thank you for that.
I think you're the poster who told me he took an economics course or two and I respect your take on it since I know nothing about that subject.
Does that ring a bell?
So I have a theory and question based on this.
Suppose that it was Trump who was elected in 08 instead of Obama.
Everything else is the same.
Then would his economic recovery have taken as long as Obama's did?
I am guessing that if a president comes into office with a good economy then whatever changes he wants to make it stronger or better will be easier and quicker with a good one then getting a bad one?
Or could that depend if those of the opposite party in congress will work with him on it?
And do you think Trump will be able to fight inflation?
Again, that could take some time.
Right?
His plan is to tax or increase tariffs which those increases will then be passed onto us consumers making prices even higher then they are now, according to economics experts.
I agree and if you do any idea what he could do differently so we don't have empty wallets?
I don't get it.
He was mainly running on lowering inflation and now he may increase it?
WTF?
"Please vote to preserve the unique character of Warren…" - Robert Duvall -
Yermom_Is_God — 1 year ago(November 14, 2024 12:00 PM)
And yes Trump royally ****ed up with COVID. Obama left him a pandemic response plan that he threw out after taking office. I don't think he could have stopped it entirely no matter what but he was the #1 source worldwide for COVID disinformation and did us no favors by trying to pretend it didn't exist. Honestly it's a minor miracle he won this election because the people who died in the pandemic were so disproportionately Republicans who followed hot advice. He does deserve some credit for allowing the vaccines to be developed so quickly though.
You make some somewhat coherent arguments up above then you end it with this retarded propaganda, making you come off as nothing but a massive hack.
"I am Kamala Harris, my pronouns are she and her, and I am a woman sitting at the table wearing a blue suit." -A fucking idiot -
Yermom_Is_God — 1 year ago(November 14, 2024 11:58 AM)
The economy was ****ed up because of Dumbya Bush.
Were his lying wars to blame?
The wars didn't help, but the economy was ****ed due to the mortgage meltdown, and that was a result of Clinton.
Then Obama made it better.
He didn't make it better, we always eventually recover from a recession, he had the slowest recovery from a recession since the Great Depression. That's not something to brga about. Nothing Obama did helped the economy.
Trump was riding high on that ship that was sailing when he came in.
He came in to a slow, stagnant economy. He didn't inherit recession like Obama did, you can say that, but he wasn't riding high on anything.
If so could he have done it on his own?
Tax cuts and de-regulation and being more business friendly tends to do that.
Then it got ****ed up because of his lame Covid response.
To an extent, yes, but not in the moronic CNN thinking that you have. He recommended a lock down based on retarded advice from "experts," suggesting only two weeks. Once we did that we had Democrat governors who made sure to keep their states locked down for as long as possible. That fucoed up the economy, knowing that lockdowns weren't helping anything but maintaining the fear mongering and tyranny for political purposes to tank Trump before the election.
Is that the timeline of it in a nutshell?
It's certainly a timeline, not one based in reality, but a timeline nonetheless.
"I am Kamala Harris, my pronouns are she and her, and I am a woman sitting at the table wearing a blue suit." -A fucking idiot -
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Yermom_Is_God — 1 year ago(November 13, 2024 08:45 PM)
He was actually quite good, great economy, foreign policy was great, secure border, only bruise on his legacy was him implementing useless and illegal Covid guidelines that destroyed the economy because he caved to retard leftists who wanted everyone to be terrified of the air. Easily a top 10 president if he follows the path he started.
"I am Kamala Harris, my pronouns are she and her, and I am a woman sitting at the table wearing a blue suit." -A fucking idiot -
Yermom_Is_God — 1 year ago(November 13, 2024 09:45 PM)
You mean when he started a fight with China derpderpfart?
Peace through strength is a great thing.
And when he committed treason with Putin derpderpfart?
Never happened.
"I am Kamala Harris, my pronouns are she and her, and I am a woman sitting at the table wearing a blue suit." -A fucking idiot -
Yermom_Is_God — 1 year ago(November 13, 2024 10:36 PM)
Russia is own enemy and still is. Trump didn't do **** derpderpfart.
No, the important thing to note is Russia didn't do ****. They did nothing while Trump was president, they attacked Crimea while Obama was president and Ukraine while Biden was, they did nothing under Trump. And remember, Romney pointed out in 2012 how Russia and Putin were our biggest threats and Obama and Biden and the DNC and the media laughed at him and mocked him, Obama even said "The 1980s called, they want their foreign policy back." You retards in the Democrat party didn't give a flying **** about Putin until Hillary and Obama created that Russian collusion hoax, claimed Trump was working with Putin and then told useful idiots like yourself to dislike Putin and Russia. You are very easily mentally manipulated.
"I am Kamala Harris, my pronouns are she and her, and I am a woman sitting at the table wearing a blue suit." -A fucking idiot