US coming into a Recession

The US is NOT coming into a Recession. That fake news gets regurgitated every couple of months.

 

Repeatedly.

Again

What are you calling "Reaganomics" and what was the disaster. All your claims of be demonstrably false. Revenues grew and grew strongly, the economy was strong with full employment and rising wages and salaries.

And another

Clinton inherited a strong and growing recovery and his policies SLOWED that and his tax increase SLOWED revenue growth. It was the Republicans taking back the Congress that got things back on track and created a surge in tax revenues and the THEIR spending restraint, Clinton requested more spending than the Congress authorized, and THEIR welfare reform that brought back fiscal sanity.

1991 1,055.0 2.2%
1992 1,091.2 3.4%
1993 1,154.3 5.8% <- Clinton tax increase signed AUGUST 1993 additional taxes due deferred till 1995-1996
1994 1,258.6 9.0%
1995 1,351.8 7.4% <- Higher rates differed taxes due and growth slowed
1996 1,453.1 7.5%
1997 1,579.2 8.7% -> Gingrich/Kasich tax rate cuts
1998 1,721.7 9.0%
1999 1,827.5 6.1%
2000 2,025.2 10.8%

 

Oh Yes we are When the market crashed in 2008 - Gov't revenue dropped from 2.7 Trillion down to 2.1. Revenue may not drop that much this time but it is going to take a hit.

Economic activity is slowing down due to the virus - and now due to the markets crashing. Companies have been announcing slashing their budgets by over 30% in some cases.

You will be eating your words in short order

 

Not sure why you are going on about revenue growth as this has nothing to do with any of my claims.

What claim have you proven false ?

 

Oh that it was Clinton who brought fiscal sanity and that he produced the surpluses through tax rate increases. And

Do keep up.

 

I did't say that - you need to keep up - get on the same page.

You attribute 2 claims to me

1) Clinton brought fiscal sanity - I said it was under Clinton -and I included Red Congress - that fiscal sanity happened.

So at best you get a half true .. coupled with some pants on fire sin of omission.

2) Clinton produced surpluses through tax rate increases - I did not say that Clinton produced surpluses - I said he increased revenue through tax rate increases.

So the above is just false. and neither had anything to do with your previous strawman,

You need to get on the same page - listen to something other than the narrative that is going on in your head. You are making up stories ?!

The Economy did very well under Reagan - you pretended that I had claimed otherwise.. posting the revenue increases over 8 years.

The Reality - as opposed to your made up story -

1) is that I stated up front that the Economy did well under Reagan -
2) further to 1) I explained why the Economy did well under Reagan - citing the baby boomers coming into high spending years -and the fi stimulus of huge increases in Gov't credit card spending.

Two different worlds

Do make an effort to get on the same page - por favor.

 

It was done in SPITE of Clinton, he opposed the Republican tax rate cuts, he opposed the Republican welfare reform, he opposed the Republican lower spending levels. His political adviser Dick Morris told him he would have to triangulate and agree to the Republican budgets and reforms else not get reelected. So he should be thanking Gingrich and Kaisch everyday.

No Clinton did not increase revenue growth through tax rate increases as I demonstrated he slowed revenue growth, we could have had surpluses even sooner had he not increased tax rates.

And that is what we need more of and you are NOT going to get that by voting Democrat. We will get more of 2007 - 2015.

 

The above is gibberish - of course Clinton opposed tax cuts - Clinton and Red Congress raised taxes. No clue what page you are on .. no point in continuing.

 

The above is fact and the tax rates were raised by a Democrat Congress. Get your history straight how many times do I have to correct it?

 

I never claimed otherwise - you are dazed and confused.

 

It was Clinton and a Blue Congress. And it failed to increase revenue growth, quite the opposite. Why do you keep confusing things?

 

Red congress went along with the tax increase .. you have no clue what you are talking about. Red had both houses of congress for 6 years of Clinton's term.

 

It was a Blue Congress that passed the tax increase, get a clue. And once the Republicans took back the Congress they passed tax rate cuts and even more so once they had a Republican President. Your statement that a Red Congress increased taxes was false just admit it.

 

Prove your claim - or quit yapping.

 

You're denying the 1993 Congress was controlled by the Democrats?



Now prove your claims or quit yapping.

 

I never denied that ... you are making up falsehoods and attributing them to me ... again - I listed 3 other times you did this in a previous post.

I said :
"Red congress went along with the tax increase .. you have no clue what you are talking about. Red had both houses of congress for 6 years of Clinton's term"

Notice I said 6 years - not 8 ... in grade school we learn that 8-6 is 2.

You are the king of the Strawman argument - mischaracterizing your opponents position so you have something to attack. This is at least the 4th time you have done this - because you brain can not deal with the Historical Reality - that Reagan and Red Congress spent money like princesses with Credit Cards

 

Bill Clinton cut the US Navy in half, and sold off a large number of bases throughout the world.

 

Just the thought.....sends a tingle up your leg doesn't it?

 

He sold the one in Long Beach CA to the CHINESE!!

 

You said

FALSE, give it up. The tax increase was passed by a BLUE Congress as I proved. You were mistaken be a man and admit it. This is the 5th you have done this.

 

the depression was almost 42 months old when FDR took office, The recession started the summer before the october of 29 crash. FDR did not assume the presidency until March of 33. it went up to 24 from 22% in '33 compared to '32, it then went down to the teens for the remainder of the 30s until lend lease and the ramp up to war.

 

FDR policies extended the Great Depression in material ways. Fact, finito, end of discussion.

 

That's 2020

I remember this

Shuttered Long Beach Naval Station Opens Door to Controversial Client
March 28, 1997
The government-run China Ocean Shipping Company (Cosco), one of the largest shipping firms in the world, has been involved in illegal arms shipments to the US. Last March, Customs agents discovered 2,000 Chinese-made assault rifles aboard a Cosco ship in Oakland, Calif. Cosco was not charged.
https://www.csmonitor.com/1997/0328/032897.us.us.2.html

 

That has nothing to do with your bogus claim. It was NOT sold to the Chinese.

 

Oh a long term lease is better.................geeezzzz