If Trump thinks he can get more than 3% economic growth, he's dreaming

Discussion in 'Current Events' started by Josephwalker, Jul 27, 2018.

  1. k995

    k995 Well-Known Member

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    Never said it caused it, but it helped to increase it yes.

    More money inflated the housing prices well above causing the eventual collapse later. By 2009 bush ahd a 1-1.4trillion deficit? Forgot how bad he left it.
     
  2. Bluesguy

    Bluesguy Well-Known Member Donor

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    Negative or very slow growth, I don't know what you are having such difficulty noting the obvious.
     
  3. Bluesguy

    Bluesguy Well-Known Member Donor

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    How did soaring to record increase tax revenues and paltry deficits lead to the 2008 crisis. And the Democrats took the Congress January of 2007. 2008 and 2009 were DEMOCRAT budgets, they didn't even present a budget to Bush in 2009 they waited until Obama was elected so they could get their higher spending and Obama could get his spending included and spending increased 20% hitting that $1,400B just two years after the last Republican deficit of that mealsy $161B. Then they kept it over $1,000B for the next 3 years. So spare me the Democrats are the more fiscally responsible party.
     
  4. Josephwalker

    Josephwalker Banned

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    Trump said he'd achieve this growth, he didn't say he'd do it in his first year or even two.

    Republicans let Obama steam roll them so I don't know wtf you are talking about with that.
     
  5. k995

    k995 Well-Known Member

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    You dont understand the difference between "helped to cause " and "caused it"?


    Agaijn it fueled the housing boom, on purpose btw as it led to nice gdp growth . You do know what caused the 2008 crisis?

    Of course after republicans caused the recession, by 2007 it was already way to late to do anything.

    Again bush didnt improve the middle class or poor with his policy, it was a total disaster in reality.
     
  6. Bluesguy

    Bluesguy Well-Known Member Donor

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    OK how did soaring tax revenues and a paltry $161B deficit help to cause the crisis?


    How did the tax rate cuts and soaring tax revenues and paltry deficits fuel the housing boom?


    By 2007 unemployment was merely 4.5%, with good LFPR rates. deficits were heading to surplus. Incomes were rising. Then the Democrats took control of the Congress and the the Presidency and you are saying it was just to hard for them, the difficult a matter for them to handle? Well then perhaps they shouldn't have been voted back in control of the Congress and GOOD REASON NOT TO GIVE IT BACK TO THEM NOW.

    Prove they got worse and why does the record of economic performance hinge SOLELY on the least successful, the bottom. Those who can't go any lower. How about the other 80% they don't matter?
     
    Last edited: Aug 4, 2018

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