"No, the economy didn't suddenly get strong under Donald Trump"

Discussion in 'Current Events' started by archives, Feb 18, 2020.

  1. yardmeat

    yardmeat Well-Known Member

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    No, I've posted several charts myself, never from a news/purported news source either. And none of which the Trumpists have addressed. I'm also at least literate in trend analysis, which helps and which you can find in any introductory econ source. No need for Politico, though I appreciate the additional exercise in imagination.
     
    Last edited: Feb 20, 2020
  2. Thirty6BelowZero

    Thirty6BelowZero Well-Known Member Past Donor

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    I'm responding to your peeps who are using those numbers to measure the economical success of the present and former president. Way to pay attention.

     
  3. rahl

    rahl Banned

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    I refuted it already.
     
  4. Cubed

    Cubed Well-Known Member Past Donor

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    While I don't dispute that the market is doing quite well right now, I think it's probably a good idea to keep in mind that the last two recessions (the big one in 07/08 and the little one in 01) were both preceded by record highs in the market.

    Interest rates are extremely low, and corporate debt levels are at record highs
    https://www.forbes.com/sites/greats...porate-debt-means-for-investors/#32d8a0dc636c

    [​IMG]

    The US has been on an amazing run, but as with all market economies, what goes up, will come down.

    Plus there is this
    https://www.moneycontrol.com/news/b...-in-the-next-6-months-says-study-4919451.html
     
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  5. Nemesis

    Nemesis Well-Known Member

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    Who was doing that?
     
  6. archives

    archives Well-Known Member

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    How could the Democrats stop the passing McCain's bill if the GOP had complete control of Congress in 2005 to include the Senate Banking Committee?

    It wasn't F+F that caused the bust, nobody told nor forced the Wall Street banks to promote, sell, then package those loans into mortgage derivatives, it was Wall Street greed

    And explain to us how Obama"s "recovery policies" worsened the economy
     
  7. struth

    struth Well-Known Member

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    It didn’t reach the floor til May of 06, when the dems killed it

    fannie and Freddie bundled and sold them, moreover where the ones giving the high risk loans

    they created double digit UE
     
  8. yabberefugee

    yabberefugee Well-Known Member Past Donor

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    Figures never lie but liars often figure. Don't know who you listen to but I am sure it makes you happy. Just don't go suicidal on me when Trump gets re-elected!
     
  9. archives

    archives Well-Known Member

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    The Democrats didn't control any of Congress in May of 2006, so how did they kill it?

    F+F did not wrap those loans into mortgage derivatives, and it was local loan originators, many working for the Wall Street Banks, who promoted and sold them as fast as the could to pass them on, as I said, Wall Street greed

    And if UE means unemployment, did you think unemployment happened the moment the Recession hit? Unemployment has been declining since 2010 (https://data.bls.gov/pdq/SurveyOutputServlet), as the topic post says, Trump just caught the wave
     
  10. ToddWB

    ToddWB Well-Known Member Past Donor

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    OP a Leftist? Then the thread title is absolutely correct for them.. it's is the polar opposite of the truth.
     
  11. archives

    archives Well-Known Member

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    Not lies, even Trump realizes the facts and is attempting to reframe the reality

    "Trump seeks to distance strong economy from Obama policies in White House report"
    https://thehill.com/policy/finance/...ng-economy-from-obama-policies-in-white-house
     
  12. struth

    struth Well-Known Member

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    None of them supported it.

    the loans came from Fannie and Freddie.

    nope the double digit UE didn’t happen til the second year of Obama term , which is why the gop was able to win massively at all levels of govt and we saw a better trend after the dem policies were reversed
     
  13. struth

    struth Well-Known Member

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    None of them supported it.

    the loans came from Fannie and Freddie.

    nope the double digit UE didn’t happen til the second year of Obama term , which is why the gop was able to win massively at all levels of govt and we saw a better trend after the dem policies were reversed
     
  14. rahl

    rahl Banned

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    Ok? The facts remain, every economic metric has remained on the same unchanging trend line since 2010.
     
  15. rahl

    rahl Banned

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    This has repeatedly been proven false.
     
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  16. rahl

    rahl Banned

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    As I’ve proven, republicans killed every single bill attempting to address the problem from 2001-2007
     
  17. struth

    struth Well-Known Member

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    Totally refuted
     
  18. struth

    struth Well-Known Member

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    Totally refuted
     
  19. rahl

    rahl Banned

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    Yes, your claim has been refuted.
     
  20. rahl

    rahl Banned

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    Yes, your claim has been refuted.
     
  21. struth

    struth Well-Known Member

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    White flag noted again.
     
  22. rahl

    rahl Banned

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    You again seem confused. Refuting your silly claims is not a white flag.
     
  23. StillBlue

    StillBlue Well-Known Member

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    Then don't tell us you're voting for Trump because of some mystical, magical economy recovery by his admin.
     
  24. yabberefugee

    yabberefugee Well-Known Member Past Donor

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    I'm voting for Trump because he does not bow to the elitist effort to sell out America in favor of "GLOBALISM". He is building a wall so that third world countries south of our border do not bring us to our knees in that effort. Obama tried to convince us that was the "new normal" and it would take a "magician" for industry to return to America. Why does it make you so sore that he has been proven wrong? Of yeah, you're already working on a new "insurance policy" that when Trump wins 2020 in a landslide you can claim RUSSIA DID IT!
     
  25. StillBlue

    StillBlue Well-Known Member

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    That explains our growing trade deficit that had been shrinking.
    Illegal immigration has been trending downward for years. The wall will neither improve that trend nor make it worse. It's a waste of money so one man can go around claiming he has a huge wall named after him.
    As has been repeatedly shown here, there are no new trends on this. Many of the projects Trump brags about, like the Texas chip plant began construction during Obama's terms.
    Perhaps we could talk if you did indeed prove Trump has done anything he can point at as his. I suppose he could get credit for not screwing it up but then his long term tax deferrals for the rich and deficit spending do not bode well for the future.
     
    Last edited: Feb 21, 2020

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