Biden’s economy

[Anonymous]

Anonymous wrote:

Anonymous wrote:The US debt stampede is back: federal debt jumps by $70 billion in one day to a record $34.750 trillion, the biggest one day jump since February 2024

But you didn't care about the 25% spike in the debt under the Trump Administration. Or the 25% bump under the Bush 43 administration. Only the dems, right?

I've always cared about debt. Who are you to tell me I didn't care about it?

[Anonymous]

"We don't have inflation because the people are living too well. We have inflation because the government is living too well." - Presidential debateebate between Jimmy Carter and Ronald Reagan, October 28, 1980

[Anonymous]

Anonymous wrote:

Anonymous wrote:This. And we all pay for the GOP’s constant economic mismanagement. Again and again.

Like all the idiots on these threads raving about how great the economy was the first years under Trump without any understanding whatsoever that it was due to 8 years of Obama’s policies.

Ah, if Trump's four years are due to Obama, then does W get credit for the rebound during Obama's first four years? Because if you look at when the economy rebounded, it was before any single Obama policy could have possibly had an effect?

Are you intellectually consistent? Let's find out.

Are you able to read?
I said first few years of Trump. Trump was destroying it by his third year with his tax cut and then it went off the cliff in 2020 when he mismanaged Covid.

Obama: The economy rebounded in 2011. Three years after he came into office after fixing the mess that W left him in 2008. So Obama gets credit for the rebound and W gets credit for the recession of 2008.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The US debt stampede is back: federal debt jumps by $70 billion in one day to a record $34.750 trillion, the biggest one day jump since February 2024

But you didn't care about the 25% spike in the debt under the Trump Administration. Or the 25% bump under the Bush 43 administration. Only the dems, right?

I've always cared about debt. Who are you to tell me I didn't care about it?

So you voted against Trump and the republicans who increased the debt?

[Anonymous]

Anonymous wrote:America has plenty of money. Tax the billionaires and pay our bills.

Classic Democrat who speaks in ideas over facts. The billionaires do not, in fact, have enough to pay our bills. Being a Democrat requires ignoring facts and relying on feelings.

Once again, the fact that debt is growing faster than the economy portends economic doom in the long run. Innumerate Dems will be surprised, but the math always wins.

[Anonymous]

Anonymous wrote:
When the Dems spend money, it is via investment into the infrastructure and lives of the American public. So in whole, there is generally a net benefit. Kids school breakfasts, child tax credits, job training and education - these are all things that make it so people can have better lives and pass on wealth to their kids and try to break the cycle of poverty.

The GOP would just rather people die of starvation or lack of healthcare.

No, when Obama spent money, it didn't lead to growth. You cite no data and rely on your emotional belief instead. There was no net benefit. Again, look at how the economy has grown by ~$1.7T under Biden and debt has grown by over $2T. The math is horrifying. Obama's "investments" didn't lead to great economic growth either.

If you can't be bothered to look at the data, you should be prepared to embrace your innumeracy. And if you're innumerate, you should stop espousing beliefs about macroeconomics.

Again, W's and Trump's many failures do not change Obama's and Biden's similar failures. You're so deep into partisanship that you think one side is good. You're horribly mistaken.

[Anonymous]

Anonymous wrote:

Anonymous wrote:America has plenty of money. Tax the billionaires and pay our bills.

Classic Democrat who speaks in ideas over facts. The billionaires do not, in fact, have enough to pay our bills. Being a Democrat requires ignoring facts and relying on feelings.

Once again, the fact that debt is growing faster than the economy portends economic doom in the long run. Innumerate Dems will be surprised, but the math always wins.

The debt is not growing faster than the economy. Tax the billionaires more heavily and see whether it helps or hurts. Policy-wise, this is low hanging fruit.

[Anonymous]

The economy might not be perfect no, but it wasn't in 2008 or 2013 or 2020. The economy will never be perfect and we are always going to have so many Americans left behind. I know the President will not changed the economy 100%. The President in the USA doesn't control rent prices, or food prices. In America we have our 1st amendment to complain all we want, but if you ever went to Iraq or Afghanistan you will be thankfully on how lucky we are.
We need to be more thankfully for what we have have. Most counites will die to have a 4% in inflation rate.

[Anonymous]

Anonymous wrote:The economy might not be perfect no, but it wasn't in 2008 or 2013 or 2020. The economy will never be perfect and we are always going to have so many Americans left behind. I know the President will not changed the economy 100%. The President in the USA doesn't control rent prices, or food prices. In America we have our 1st amendment to complain all we want, but if you ever went to Iraq or Afghanistan you will be thankfully on how lucky we are.
We need to be more thankfully for what we have have. Most counites will die to have a 4% in inflation rate.

You realize that the combined three bank failures that happened in 2023 are larger than the 25 bank failures that happened in the 2008 subprime credit crisis, right?

We are on very shaky ground. No one will talk about it until we hit a wall.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This. And we all pay for the GOP’s constant economic mismanagement. Again and again.

Like all the idiots on these threads raving about how great the economy was the first years under Trump without any understanding whatsoever that it was due to 8 years of Obama’s policies.

Ah, if Trump's four years are due to Obama, then does W get credit for the rebound during Obama's first four years? Because if you look at when the economy rebounded, it was before any single Obama policy could have possibly had an effect?

Are you intellectually consistent? Let's find out.

Are you able to read?
I said first few years of Trump. Trump was destroying it by his third year with his tax cut and then it went off the cliff in 2020 when he mismanaged Covid.

Obama: The economy rebounded in 2011. Three years after he came into office after fixing the mess that W left him in 2008. So Obama gets credit for the rebound and W gets credit for the recession of 2008.

What Trump's tax cut did was take money out of the government deciding how people's earnings were spent and put more in the earner's pocket for them to decide how it is spent.

If a congressional bill comes along that wants to spend a trillion on wind turbines, that's very inefficient. People want to buy what they want to buy with the money they earn. Government circumvents that by fiat and says "I know what's best for you".

So, I'm of the opinion, starve the bureaucrats and politicians in their ivory towers trying to centrally plan our economy. Seriously, we could get better results from .gov thru a random number generator than what Uncle Sam decides is the proper path with their vested interests and lobbying.

[Anonymous]

Anonymous wrote:

What Trump's tax cut did was take money out of the government deciding how people's earnings were spent and put more in the earner's pocket for them to decide how it is spent.

You sweet summer child. As if acquiring money is the same thing as earning it.

[Anonymous]

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The US debt stampede is back: federal debt jumps by $70 billion in one day to a record $34.750 trillion, the biggest one day jump since February 2024

But you didn't care about the 25% spike in the debt under the Trump Administration. Or the 25% bump under the Bush 43 administration. Only the dems, right?

I've always cared about debt. Who are you to tell me I didn't care about it?

Can you link to a post here where you worried about debt during the Trump administration?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The US debt stampede is back: federal debt jumps by $70 billion in one day to a record $34.750 trillion, the biggest one day jump since February 2024

But you didn't care about the 25% spike in the debt under the Trump Administration. Or the 25% bump under the Bush 43 administration. Only the dems, right?

I've always cared about debt. Who are you to tell me I didn't care about it?

Can you link to a post here where you worried about debt during the Trump administration?

Trump cut spending. You know we used to mail cheese to people with food stamps? NOW Trump started giving people an Debt Card style card, so they don't have to waste for the mailman to come with the chasse, people are buying cheese with card, no more need to spend money on sending people chesse.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The US debt stampede is back: federal debt jumps by $70 billion in one day to a record $34.750 trillion, the biggest one day jump since February 2024

But you didn't care about the 25% spike in the debt under the Trump Administration. Or the 25% bump under the Bush 43 administration. Only the dems, right?

I've always cared about debt. Who are you to tell me I didn't care about it?

Can you link to a post here where you worried about debt during the Trump administration?

Trump cut spending. You know we used to mail cheese to people with food stamps? NOW Trump started giving people an Debt Card style card, so they don't have to waste for the mailman to come with the chasse, people are buying cheese with card, no more need to spend money on sending people chesse.

LOL, no he didn't cut spending.