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We're gonna need some better spin on this. Stat.
I disagree:Likely. Debt? In my book tripling is worse than doubling.He only almost doubled the debt rather than tripled it like Reagan.What did Obama do wrong?
Why wasn't his recovery as strong as Reagan's?
Reagan's growth was much, much higher than Obama's.
And he won the Cold War.
By any measure, including debt, Reagan's performance kicked Obama's ass.
Reagan added less as a percentage of GDP and had awesome growth.
And he didn't have 7 years of 0.25% Fed Funds rates.
Which President Increased U.S. Debt the Most?
Ronald Reagan: President Reagan increased the debt by 186%. Reaganomics added $1.86 trillion. Reagan's brand of supply-side economics didn't grow the economy enough to offset the lost revenue from its tax cuts. That was partly because Reagan increased the defense budget by 35%.
Barack Obama: Under President Obama, the national debt grew the most dollar-wise. He added $8.588 trillion. This 74% increase was the fifth-largest. Obama's budgets included the economic stimulus package. It added $831 billion by cutting taxes,
Clearly neither was fiscally responsible.I disagree:Likely. Debt? In my book tripling is worse than doubling.He only almost doubled the debt rather than tripled it like Reagan.
Reagan's growth was much, much higher than Obama's.
And he won the Cold War.
By any measure, including debt, Reagan's performance kicked Obama's ass.
Reagan added less as a percentage of GDP and had awesome growth.
And he didn't have 7 years of 0.25% Fed Funds rates.
Which President Increased U.S. Debt the Most?
Ronald Reagan: President Reagan increased the debt by 186%. Reaganomics added $1.86 trillion. Reagan's brand of supply-side economics didn't grow the economy enough to offset the lost revenue from its tax cuts. That was partly because Reagan increased the defense budget by 35%.
Barack Obama: Under President Obama, the national debt grew the most dollar-wise. He added $8.588 trillion. This 74% increase was the fifth-largest. Obama's budgets included the economic stimulus package. It added $831 billion by cutting taxes,
He added $8.588 trillion.
He added $9.3 trillion.
More, if you subtract the bank TARP lent under Bush and repaid under Obama.
More, if you subtract out the Fed's windfall profits due to QE.
Obama added more, as a percentage of GDP, than Reagan.
And Obama's economy sucked.
Clearly neither was fiscally responsible.I disagree:Likely. Debt? In my book tripling is worse than doubling.Reagan's growth was much, much higher than Obama's.
And he won the Cold War.
By any measure, including debt, Reagan's performance kicked Obama's ass.
Reagan added less as a percentage of GDP and had awesome growth.
And he didn't have 7 years of 0.25% Fed Funds rates.
Which President Increased U.S. Debt the Most?
Ronald Reagan: President Reagan increased the debt by 186%. Reaganomics added $1.86 trillion. Reagan's brand of supply-side economics didn't grow the economy enough to offset the lost revenue from its tax cuts. That was partly because Reagan increased the defense budget by 35%.
Barack Obama: Under President Obama, the national debt grew the most dollar-wise. He added $8.588 trillion. This 74% increase was the fifth-largest. Obama's budgets included the economic stimulus package. It added $831 billion by cutting taxes,
He added $8.588 trillion.
He added $9.3 trillion.
More, if you subtract the bank TARP lent under Bush and repaid under Obama.
More, if you subtract out the Fed's windfall profits due to QE.
Obama added more, as a percentage of GDP, than Reagan.
And Obama's economy sucked.
Just keep polishing that turd.Clearly neither was fiscally responsible.I disagree:Likely. Debt? In my book tripling is worse than doubling.
Reagan added less as a percentage of GDP and had awesome growth.
And he didn't have 7 years of 0.25% Fed Funds rates.
Which President Increased U.S. Debt the Most?
Ronald Reagan: President Reagan increased the debt by 186%. Reaganomics added $1.86 trillion. Reagan's brand of supply-side economics didn't grow the economy enough to offset the lost revenue from its tax cuts. That was partly because Reagan increased the defense budget by 35%.
Barack Obama: Under President Obama, the national debt grew the most dollar-wise. He added $8.588 trillion. This 74% increase was the fifth-largest. Obama's budgets included the economic stimulus package. It added $831 billion by cutting taxes,
He added $8.588 trillion.
He added $9.3 trillion.
More, if you subtract the bank TARP lent under Bush and repaid under Obama.
More, if you subtract out the Fed's windfall profits due to QE.
Obama added more, as a percentage of GDP, than Reagan.
And Obama's economy sucked.
Reagan spent a lot to win the Cold War.
Did Obama's spending make us more secure?
Yes, the Fed funds rate to stimulate and mitigate weakness.Are you talking about the intraday lending rates?GDP slows slightly to 1.9% in the third quarter
The Fed will step in again, most likely. Markets will expect it now.
.
Or the fact that the rest of the world has much lower lending rates that leaves the US dollar a keen investment that raises our export price tag?
Just keep polishing that turd.Clearly neither was fiscally responsible.I disagree:Reagan added less as a percentage of GDP and had awesome growth.
And he didn't have 7 years of 0.25% Fed Funds rates.
Which President Increased U.S. Debt the Most?
Ronald Reagan: President Reagan increased the debt by 186%. Reaganomics added $1.86 trillion. Reagan's brand of supply-side economics didn't grow the economy enough to offset the lost revenue from its tax cuts. That was partly because Reagan increased the defense budget by 35%.
Barack Obama: Under President Obama, the national debt grew the most dollar-wise. He added $8.588 trillion. This 74% increase was the fifth-largest. Obama's budgets included the economic stimulus package. It added $831 billion by cutting taxes,
He added $8.588 trillion.
He added $9.3 trillion.
More, if you subtract the bank TARP lent under Bush and repaid under Obama.
More, if you subtract out the Fed's windfall profits due to QE.
Obama added more, as a percentage of GDP, than Reagan.
And Obama's economy sucked.
Reagan spent a lot to win the Cold War.
Did Obama's spending make us more secure?
Both ends are distorting this because that's what both ends do.GDP slows slightly to 1.9% in the third quarter
The Fed will step in again, most likely. Markets will expect it now.
.
Don't tell sealybobo he thinks the world has come to an end and Trump caused it.
That might be good spin if I hadn't heard the same thing from other Trumpsters claiming the Fed went too far with rate cuts and was backpedaling on THAT.\It's backpedaling?GDP slows slightly to 1.9% in the third quarter
The Fed will step in again, most likely. Markets will expect it now.
.
So the Fed raises interest rates five times to crush the economy and is now back peddling as fast as it can to correct its screw up. Pelosi won't vote on USMCA. Impeachment bullshit waning on business and consumer confidence.
Then you want to blame Trump for not getting the economy growing faster.
Take the Hillary bumper sticker off your car. And take the pussy hat off your head.
They'll be dropping rates again.
Jeez, you guys are clueless.
.
The only clueless part of this convo is you not understanding I referenced the rate reductions by the Fed as back peddling. Try to keep up around here, it's your thread, cluelessX4.
And trump has increased Obama deficits. Ouch.Just keep polishing that turd.Clearly neither was fiscally responsible.I disagree:
Which President Increased U.S. Debt the Most?
Ronald Reagan: President Reagan increased the debt by 186%. Reaganomics added $1.86 trillion. Reagan's brand of supply-side economics didn't grow the economy enough to offset the lost revenue from its tax cuts. That was partly because Reagan increased the defense budget by 35%.
Barack Obama: Under President Obama, the national debt grew the most dollar-wise. He added $8.588 trillion. This 74% increase was the fifth-largest. Obama's budgets included the economic stimulus package. It added $831 billion by cutting taxes,
He added $8.588 trillion.
He added $9.3 trillion.
More, if you subtract the bank TARP lent under Bush and repaid under Obama.
More, if you subtract out the Fed's windfall profits due to QE.
Obama added more, as a percentage of GDP, than Reagan.
And Obama's economy sucked.
Reagan spent a lot to win the Cold War.
Did Obama's spending make us more secure?
I would never try to polish Obama's crappy performance.
The growth during the Reagan years helped lower inflation, lower interest rates and from 83-88 averaged 3.5% growth.The "strength" of Reagan's economy is a myth, just like Tramp's.Even though Obama's UE was lower than Reagan's UE which to the "human scum" Right that makes Obama's a "record high."With record high unemployment, yes it was horrible.
What did Obama do wrong?
Why wasn't his recovery as strong as Reagan's?
Yes, instead of REALLY shitty it was just shitty.We're gonna need some better spin on this. Stat.
Let me give it a shot...
The expected growth was suppose to be 1.6 but instead it grew better at 1.9, so win-win and I got this information from CSpan radio this morning.
So it is not a big growth like the size of Hillary butt but still it grew more than expected...
Yeah, MAGA baby but I doubt it is Make Amerika Gay Again...
You think that the current asset requirements should apply to intraday credit?Yes, the Fed funds rate to stimulate and mitigate weakness..
I don't have a good answer to that. Even with what happened to the NY Fed, I haven't heard that asset requirements were an issue on a macro scale. Push comes to shove, we need to keep standards high. Or at least medium.You think that the current asset requirements should apply to intraday credit?Yes, the Fed funds rate to stimulate and mitigate weakness..
That might be good spin if I hadn't heard the same thing from other Trumpsters claiming the Fed went too far with rate cuts and was backpedaling on THAT.The only clueless part of this convo is you not understanding I referenced the rate reductions by the Fed as back peddling. Try to keep up around here, it's your thread, cluelessX4.
.
Well it seems to be causing an inability for businesses to make payroll and other things.I don't have a good answer to that. Even with what happened to the NY Fed, I haven't heard that asset requirements were an issue on a macro scale. Push comes to shove, we need to keep standards high. Or at least medium.
.
Well, that was one of the lesser-known disasters within the Meltdown. The banks mostly shut the door on overnight loans and huge companies like GE were beginning to panic because they didn't have the cash flow. The whole massive fucking overnight system had ground to a halt. That's why Paulsen stepped in and started shoveling cash at them.Well it seems to be causing an inability for businesses to make payroll and other things.I don't have a good answer to that. Even with what happened to the NY Fed, I haven't heard that asset requirements were an issue on a macro scale. Push comes to shove, we need to keep standards high. Or at least medium.
.
I think Mnuchin wants to bring the Prime up as a conservative financier but he realizes he cant do that without serious downward affect.
I disagree:Likely. Debt? In my book tripling is worse than doubling.He only almost doubled the debt rather than tripled it like Reagan.
Reagan's growth was much, much higher than Obama's.
And he won the Cold War.
By any measure, including debt, Reagan's performance kicked Obama's ass.
Reagan added less as a percentage of GDP and had awesome growth.
And he didn't have 7 years of 0.25% Fed Funds rates.
Which President Increased U.S. Debt the Most?
Ronald Reagan: President Reagan increased the debt by 186%. Reaganomics added $1.86 trillion. Reagan's brand of supply-side economics didn't grow the economy enough to offset the lost revenue from its tax cuts. That was partly because Reagan increased the defense budget by 35%.
Barack Obama: Under President Obama, the national debt grew the most dollar-wise. He added $8.588 trillion. This 74% increase was the fifth-largest. Obama's budgets included the economic stimulus package. It added $831 billion by cutting taxes,
He added $8.588 trillion.
He added $9.3 trillion.
More, if you subtract the bank TARP lent under Bush and repaid under Obama.
More, if you subtract out the Fed's windfall profits due to QE.
Obama added more, as a percentage of GDP, than Reagan.
And Obama's economy sucked.
GDP slows slightly to 1.9% in the third quarter
The Fed will step in again, most likely. Markets will expect it now.
.
Yep, it’s seems their hand is forced to lower again. And lowering rates while having to support the repo market with hundreds of billions seems to suggest there are serious underlying problems in the economy and the banking system. Makes you wonder if we are on the doorstep of something like 2008 again.
And lowering rates while having to support the repo market with hundreds of billions seems to suggest there are serious underlying problems in the economy and the banking system.
Or it's the rules that require banks to hold tons of cash......
