U.S. economy slows sharply to 2% annualized rate in third quarter

Trump didn't have a minus -3.7. Democrats tyrannical policies in response to COVID got us a -3.7 Democrats be Democrating.

 

I don't see you contest that Biden made far more economic progress than Donald ever did.

 

He pushed through a 1.9 trillion economic plan in march. And that includes all kinds of things for support for schools, housing, small businesses, agriculture, taxing big corporations etc etc.
It's not just all about you.

 

Things fluctuate. Obama had a 3.1% the year before that 1.7 (and not 1.6). Donald never had a 3.1% or more.

Donald did borrow massively to push that stock markets by handing over trillions of dollars to companies. He did that with a promise that it would magically repay itself back because we would experience this economic boom. It never happened. In fact, it was trillions down the drain and them companies needed aid at the first glance of an economic set back while Donald still was in power.

 

Obama pushed out a 3.1%. Donald lend like crazy to push the stockmarket and it all would push the economy until extreme heights, repaying that massive debt Donald caused. And it ends out to be that Donald's plan failed. He never did better then a 3.0%, less than Obama. And giving away massive amounts of money, didn't make the economy strong at all. In fact, companies needed assistance at the first glance of economic decline. That's Donald's legacy after getting the economy handed out on a golden platter. Obama platter was handed over by GWB whose GOP policies caused the world economy to crash that it is comparable to what happened in the 1930's.

 

So what your telling me is that when the republicans voted to stop sending checks to people that they sent them to while they were in office once the dems got in office, the economy slowed…….COLOR ME SHOCKED.

 

They were sending them checks because we were forcing people to NOT work with the shutting down the economy and was bipartisan. The democrats are continuing to pay them to NOT work while we are trying to get the economy going. A vast difference I would say.

 

Trump had that minus 3.7. His "controle" of the pandemic was a joke. Promoting chloroquine, claiming it would magically disappear, saying the swine flue pandemic led by Obama was a disaster. Not only did he totally mis managed the economy when leadership was needed the most, half a million people died from "just a flue" under his watch.

 

Whatever that means

 

Did you get the cash?

 

If you actually listened to a thing Trump said, it would shock me and this forum. I am of the opinion you followed CNN.

 

You posted 2020 is a minus 6.5% and Biden changed that into a +2. A change of +8.5%.
What did Donald do? He turned a +1.7% into a 2.3% ... that's a change of +0.5% point.
And the next year he got a +0.7% point... coming to a total of a not so impressive +3.0%.
The next year he got a 2.2% a change of minus 0.8% point .... before it really went fubar.

So it's obvious who is doing a very very good job. And it's not the GOP.

 

I never tell personal information. It frequently gets used to just make personal attacks.
Bottom line remains... his economic plan was far more then just giving some cash to some individuals.
So the way you portrait it, is rather dishonest.

 

And what did he have the year before the 3.1%; his eight year average was just a bit over 2%. Including the gasping 1.6% he turned over to Trump. [/quote]

And yet Obama ran up almost $5.5 trillion in HIS FIRST FOUR YEARS - sounds like he was doing a little bit of borrowing himself.[/quote]

We "never" experienced a economic boom? Where you lost in Antarctica for four years? He cut a full percentage point off Obama's best unemployment rate; the stock market began booming the DAY AFTER HE WAS ELECTED. ; BMinorities, teens, and women saw record low unemployment, Median household income soared to new records, the US became, not only self-sufficient in oil and natural gas production, but became net exporters. By the time Biden took over, Trump had already got the economy back on the rails but lowered unemployment to levels it took Obama/Biden over five years to attain.

 

Is it?

 

Trum average is worse.

Well... GWB let the economy totally crash under his watch, and Obama had the option of not lending trillions and let the banks go bankrupt and with that the entire country,...or do what he did.

The unemployment rate was going down and down at a steady pace during Obama's era. Trump did not manage to change that pace, just like Trump did not manage to change the pace of the economic growth.... while he did borrow a staggering 7.8 trillion and handed it out to Wall street to achieve that,... massively increasing the the % of debt compared to the GDP, while Obama was managing the opposite.

 

bls.gov



Obama/Biden/Dem should have been hitting +6% coming out of that deep recession. Historically the deeper and longer the recession the stronger the recovery. His economy plans were a total bust. Slowest GDP grow occurs after the recovery has occurred unemployment is low, hit record lows under Trump/Rep, and the economy is just cursing along. It took the Reps taking baking the Congress that got things back on track for Obama, he should thank the voters for giving him that Rep congress. And of course thankfully we had the Trump/Rep policies in place coming out of the COVID recession but unfortunately the Dems took back control and once again their policies are blowing it.

And had Bush had a Rep congress in 2007 the recession would not have been as deep and the recovery would have more quickly kicked in and gotten us back on track as they did in 2001. And NO ONE has increased the deficits and debt like the Democrats starting FY2008 and what they are proposing now. It was Trump who every year proposed across the board cuts to the federal budget but could not get congress to adopt it.

 

BIDENFLATION: The most expensive holidays ever? This is a big deal. “We’re told, by Transportation Secretary Pete Buttigieg that these are good problems to have. People have money to spend, allegedly, so they’re spending it and making the price of items go up. The high prices are the Biden administration’s success!”

Paying people NOT to work results in shortages, who knew?

​

"We are heading for the most expensive Thanksgiving—ever. In July, the Biden administration put out information saying Americans would be saving a whopping 16 cents on their Independence Day cookout. Even this savings was unlikely since gas prices had spiked since the previous year. "

"But now Americans are expected to take those 16 cents and stretch them into the holidays. Prices have skyrocketed because of inflation and the supply chain crisis.

According to the U.S. Bureau of Labor Statistics, prices of all food has gone up 4.6 percent in the last year. Turkey has gone up in price significantly because the price of corn—which is used to feed turkeys—has almost doubled. Gas prices remain high so if you’re going to see your family in another state, expect to feel it at the pump."

​

"Presents for Christmas have gotten expensive too. That is, if those presents even arrive. White House Press Secretary was famously asked whether people can count on Christmas presents arriving on time. She brushed it off by saying the White House is not the postal service."

​

​

 

Other than mail out cash, what else did Biden do that helped the public?

 

As businesses, who patriotically shut down and then needed to quickly reopen, Biden bragged, in his creepy whisper voice, about funding a general labor strike in order to raise wages. The result is perfectly predictable, GDP gobbled up by inflation with widespread shortages. These folks hate Americans and attack us at every opportunity.

THIS APPLIES TO A LOT OF THINGS: A good way to know you’re living through high inflation is when you’re discouraged from talking about it.

"When you realize that “our democracy” is a code phrase meaning “Democratic Party political control” it makes sense, though."

https://pjmedia.com/instapundit/482990/

 

BS. Dems arent paying them, repubs stopped that. THATS the point.

 

Yeah, he had Dems and Pandemic to deal with. Obama's "best" economies came when GOP took the House.

Nonsense. The recession ended five months after Obama took office and gasped its way upward.

No, it wasn't. In 2016 - the year before Trump took over UE was essentially flat.

And yet stockmarket boomed after a bumpy 2016.

 

You forget that the recession was going so deep that the entire country would have been bankrupted when all the banks would have default on their loans. Obama successfully managed to not that happen and so the recession did not hit that absolute rock bottom by a longshot, to make that massive bounce back. While GWB like Donald mismanaged the economy. GWB was at the helm of the crash by letting it go all out of hand. And Donald borrowed trillions and handed it out to Wall Street,... which not only failed as a policy of boosting the economy, but in fact made it so weak that communistic aid was needed as the first glance of a setback.

 

Already replied to this question of yours in post 128

 

We all know Donald viewed a heck of a lot of tv during office hours and played a heck of a lot of golf after office hours. With that he was the laziest president since ever. He totally mismanaged the pandemic with his chloroquine nonsense, claiming he had it all under control, down talk it as if was just a virus and what not as well... while he was on the job.

The recession might have ended, but the problems sure did not and the bailout policies kept on going with for instance the Emergency Economic Stabilization Act of 2008

Yes it was. We can all see the graph on a steady decline starting with Obama, and Donald did not make any kind of drastic curve in it.
And the stockmarket boomed, because Donald lend trillions to boost it..... and what good did that do the the GDP? It did nothing!
In the end, the economy under Donald became so weak that at the first glance of a setback, the flimsy house of cards all crashed down.
Donald inflated a balloon. That's all he was good for.