Forum Index
»
Political Discussion
Obama inherited a catastrophic economic situation from Bush; the "shovel-ready" infusion was bi-partisan as where the Congressionally authorized debt relief measures.One shouldn't use interest rate cuts and tax cuts to goose an economy, but that is just what Trump has done. The debt and deficit spending has benefited the 1%. Obama's efforts circulated money back into the system via infrastructure investments that also benefited society - ports, roads, airports, schools etc. |
I voted for Obama both times but he was at best a mediocre president. |
Obama inherited a housing crises because democrats pushed the idea every 'deserves' a house regardless of ability to pay for one. |
If the economy is booming, then it is time to reduce the debt and deficit. Why is the deficit and debt and debt-to-GDP increasing? This shouldn't be a partisan issue. |
Debt to gdp has barely been increasing at all. For Trump's entire presidency debt to GDP hasn't increased by more than 2%. By all objective measures Trump has at least halted the radical increases in debt to gdp that were occurring prior to his presidency. Wait until 2020 and beyond to see if his fiscal policy puts a dent in the debt. The tax receipts for this smash up year haven't even come in yet. It took clinton two terms for his fiscal policy to start working. |
Because we spend too much money. |
|
Dems, care to keep arguing this economy is bad for people? Nancy and chuck seem to think it is. Someone needs to tell them that is a horrible argument to vote dem.
Horrible. |
Does that include the military-industrial welfare complex that is as large as the next EIGHT COUNTRIES PUT TOGETHER? |
The two losing arguments for Democrats are making it a referendum on Trump and arguing that the economy is not doing well. The approach of attacking Trump was tried by Hillary and we know the result. And as far as the economy is concerned, it is downright moronic to say the economy is not doing well. I wish Democrats would focus on how they would improve the lot of Americans who are legally in this country. |
Yes, I'd love to see the defense budget cut by a sizable amount and also the more judicious use of social programs to help those who need the help. |
| Ya, let's knock out the aid and subsidies to corporations and tax breaks and loopholes that only the 1% are able to use. |
It is fine - unless you are working in manufacturing or in agriculture. Other than the stock market which did very well last year it feels pretty much the same as before. GDP growth rates have been around 2% for three years which is perfectly respectable but hardly roaring. I am very troubled by the amount of fiscal stimulus that was applied in 2017 with a $2 trillion tax cut as well as by the $1 trillion annual deficits we are currently running. The deficit to GDP ratio has increased steadily over the last three years |
That is a ridiculously uninformed take. Democrats were not in charge of policy then. The housing bubble was driven by the greed of the financial sector. Housing prices went up much faster than incomes, lenders and investors overexposed themselves in mortgages and mortgage backed securities, and then gave riskier and riskier mortgages to try to keep demand and prices from falling. Congress didn't make them do any of that. |
There are at least two parties to every mortgage, one of them being the borrower(s). They were just as much to blame as the lenders and investors. The politicians like Barney Frank did push home ownership heavily. For years and years across several administrations. Don’t be naive. |
| Yes, there are two parties, but the lenders are supposed to be the responsible ones. That didn't happen once the shackles were off, all that pesky regulation and all. |