Obama Policies Fueled Our Economic Boom. Don’t Let Trump And His Rich Man’s Tax Cut Steal The Credit

LaDexter said:
The Derp said:
LaDexter said:
Are you attempting to classify W as a "conservative?"
LOL!!!
Can you tell us precisely what W did that was "conservative?"
Click to expand...

1. Deregulation: His regulators backed off lending requirements for subprime loans, and allowed the industry to "self-police"
2. Tax Cuts: Bush erased a budget surplus, producing four record deficits in 8 years that doubled the debt. In fact, Bush credited his tax cuts for the Housing Bubble while campaigning in 2004.
3. Grew debt: Without people using their homes as ATMs, Bush's economy was the worst since the Depression. He also grew debt by more than any single President before him, and nearly doubled what all Presidents had added.
4. Preemptive war: Invading and occupying two middle eastern countries that had nothing to do with 9/11.
5. Bigotry: Pushed anti-LGBT platforms and unconstitutional amendments
Click to expand...




Cut, pasted and parroted as usual.

The banks used to be almost unregulated, and we never had a crash like we did in 2008. Government involvement in banking grew by leaps and bounds, and set course for DISASTER when Dem activist FRANKLIN RAINES (who pocketed $200 million personally) started insuring mortgages from people who could not pay...

When BANKS did not have GOVERNMENT MORTGAGE INSURANCE, they did not lend to uncreditworthy homebuyers.


THAT is what BIG GOVERNMENT DOES - in makes a mess and in the end FRANKLIN RAINES get rich and the US people get SCREWED.

tax cuts without spending cuts are not conservative - never have been, never will be = Newt vs. W....

Growing the Debt is not conservative, unless you want to call Obama a "conservative"

War is not conservative. Conservative foreign policy is non-interventionalist.


You are a SUB HUMAN.

You understand NOTHING

All you do is PARROT
Click to expand...

The banks used to be almost unregulated, and we never had a crash like we did in 2008.

That statement is beyond stupid. It reveals a stunning ignorance that is impossible to justify. Who tells you this shit?

When I was a kid I went with my Dad to a local hearing, a hearing to see if another bank could open in our town. Back then, you went to a bank to get a loan, a savings in loan to get a mortgage, an insurance company to purchase insurance and a securities firm to buy stock. Now you can get insurance at the bank, a mortgage from a securities firm, buy stock from the savings and loan, and borrow money from an insurance company. It is FUBARED.

You really need to pull your head out of your ass and study a little history.
 
Lakhota said:
Oldstyle said:
Lakhota said:
5a428f0d2100003e005f5dbd.jpeg


Donald Trump is good at certain things. (Please take a deep breath and don’t throw your mouse or laptop at the wall.) I have not come to praise Mr. Lost The Popular Vote By 2.9 Million. But the truth is the truth—even if the truth is something Trump wouldn’t recognize if it landed right on the dyed bird’s nest that covers his dome. In any case, we must acknowledge that the man has demonstrated the ability to shape the media narrative for his own nefarious purposes.

For example, when the term “fake news” first gained widespread usage during the 2016 campaign, it most often referred to anti-Hillary, pro-Trump stories planted by non-journalists on social media. Trump, however, has over the past year co-opted the term successfully enough so that, for many, it now primarily refers to mainstream journalists’ supposed anti-Trump bias. Similarly, he has sought to control the narrative about the strong performance of the American economy, and last week’s passage of the rich man’s tax cut is going to be a crucial pivot point in that narrative. The mainstream media and the American people simply cannot allow him to control it the way he has controlled the narrative on fake news.

Throughout his time in the White House, Trump has been obsessed with denigrating the accomplishments of Barack Obama (Think: “Obamacare is imploding”—it isn’t, but who knows what will happen next year as a result of Trump’s repeal of the individual mandate and other steps taken to sabotage the health care law).

Washington Post fact-checker Nicole Lewis offered a detailed comparison of the economy under Trump thus far and Obama. There’s far too much detail to go into here, but here are some highlights. First, the stock market growth in Trump’s first 10 months doesn’t look nearly as impressive when you learn that it is no better than the market’s performance in peer countries like the UK, Germany, and Japan. This isn’t a Trump bull market, it’s a global one. By comparison, under Obama the U.S. stock market, as measured by the S&P 500, not only tripled over eight years, it significantly outperformed the markets in those same peer countries.

Job growth under Trump lags behind job growth under Obama (in a comparable time period, i.e., February through November) in each of the previous four years, and five out of the last seven years of the Obama presidency. And while we’re on the topic of media narrative, Trump now touts the big drop of about one-half of 1 percent in the unemployment rate since he took office, but while Obama was president he denigratedthe unemployment rate as “nonsense.” That’s not surprising given that it fell almost five points during the final five years of the Obama presidency.

Overall, the economy under Trump thus far looks no better by most measures than the economy in the last years under Obama. Furthermore, whereas Trump inherited the strong Obama economy, Obama inherited the Great Recession from George W. Bush—the worst economic crash since the Great Depression. That crash followed years of Republican control of Congress and a round of tax cuts whose benefits flowed mostly to the wealthy (sound familiar?). Until the passage of the Trump tax scheme, there were no significant changes to the economic policies put in place during the Obama presidency—policies that brought our economy out of the Great Recession and which have given us the longest lasting period of job growth in our history.

Trump’s comments above about his tax scheme and “rocket fuel” make clear that he will go even further than he has so far in claiming credit for anything good happening in the economy. He and his right-wing minions have in fact begun doing so. Here’s a headline from the Conservative Review: “The Trump tax cuts are ALREADY raising wages” (all-caps makes it much more convincing, doesn’t it?). Don’t buy it. As Conor Sen at Bloomberg explained, the rich man’s tax cut is merely the “excuse to raise wages. The tight labor market is the real reason.” And of course the tight labor market reflects years of a strong economy bequeathed to us by none other than President Barack Obama. Don’t let Donald Trump steal the credit.

More: Obama Policies Fueled Our Economic Boom. Don’t Let Trump And His Rich Man’s Tax Cut Steal The Credit

Trump continues riding President Obama's coattails and trying to steal his thunder. President Obama gave us a stable and sustainable economy; whereas, Trump is trying to give us a rocket ship economy that may propel us into another Great Depression. The current economy does not need deregulation and tax cuts for stimulation.
Click to expand...


Which Obama policy was it that improved the economy? Obamacare? Nope! The largely ineffective Obama stimulus? That was so bad they had to use "jobs created or saved" to hide how few jobs they actually created! Can you even name an Obama economic initiative from his last six years that grew the economy? I can't! He basically didn't even try after the first two years he was in office!
Click to expand...

Many to choose from! Take your pick below...
Click to expand...


I ask you to tell me what Obama policy led to the economic boom we're currently experiencing...and you give me that collection of pap?

It's a simple question, Lakhota. One that you shouldn't have to resort to spamming liberal sites crowing about what a great President Barry was! Just tell me what economic policy of his created more jobs and a stronger economy!
 
Oldstyle said:
Lakhota said:
Oldstyle said:
Lakhota said:
5a428f0d2100003e005f5dbd.jpeg


Donald Trump is good at certain things. (Please take a deep breath and don’t throw your mouse or laptop at the wall.) I have not come to praise Mr. Lost The Popular Vote By 2.9 Million. But the truth is the truth—even if the truth is something Trump wouldn’t recognize if it landed right on the dyed bird’s nest that covers his dome. In any case, we must acknowledge that the man has demonstrated the ability to shape the media narrative for his own nefarious purposes.

For example, when the term “fake news” first gained widespread usage during the 2016 campaign, it most often referred to anti-Hillary, pro-Trump stories planted by non-journalists on social media. Trump, however, has over the past year co-opted the term successfully enough so that, for many, it now primarily refers to mainstream journalists’ supposed anti-Trump bias. Similarly, he has sought to control the narrative about the strong performance of the American economy, and last week’s passage of the rich man’s tax cut is going to be a crucial pivot point in that narrative. The mainstream media and the American people simply cannot allow him to control it the way he has controlled the narrative on fake news.

Throughout his time in the White House, Trump has been obsessed with denigrating the accomplishments of Barack Obama (Think: “Obamacare is imploding”—it isn’t, but who knows what will happen next year as a result of Trump’s repeal of the individual mandate and other steps taken to sabotage the health care law).

Washington Post fact-checker Nicole Lewis offered a detailed comparison of the economy under Trump thus far and Obama. There’s far too much detail to go into here, but here are some highlights. First, the stock market growth in Trump’s first 10 months doesn’t look nearly as impressive when you learn that it is no better than the market’s performance in peer countries like the UK, Germany, and Japan. This isn’t a Trump bull market, it’s a global one. By comparison, under Obama the U.S. stock market, as measured by the S&P 500, not only tripled over eight years, it significantly outperformed the markets in those same peer countries.

Job growth under Trump lags behind job growth under Obama (in a comparable time period, i.e., February through November) in each of the previous four years, and five out of the last seven years of the Obama presidency. And while we’re on the topic of media narrative, Trump now touts the big drop of about one-half of 1 percent in the unemployment rate since he took office, but while Obama was president he denigratedthe unemployment rate as “nonsense.” That’s not surprising given that it fell almost five points during the final five years of the Obama presidency.

Overall, the economy under Trump thus far looks no better by most measures than the economy in the last years under Obama. Furthermore, whereas Trump inherited the strong Obama economy, Obama inherited the Great Recession from George W. Bush—the worst economic crash since the Great Depression. That crash followed years of Republican control of Congress and a round of tax cuts whose benefits flowed mostly to the wealthy (sound familiar?). Until the passage of the Trump tax scheme, there were no significant changes to the economic policies put in place during the Obama presidency—policies that brought our economy out of the Great Recession and which have given us the longest lasting period of job growth in our history.

Trump’s comments above about his tax scheme and “rocket fuel” make clear that he will go even further than he has so far in claiming credit for anything good happening in the economy. He and his right-wing minions have in fact begun doing so. Here’s a headline from the Conservative Review: “The Trump tax cuts are ALREADY raising wages” (all-caps makes it much more convincing, doesn’t it?). Don’t buy it. As Conor Sen at Bloomberg explained, the rich man’s tax cut is merely the “excuse to raise wages. The tight labor market is the real reason.” And of course the tight labor market reflects years of a strong economy bequeathed to us by none other than President Barack Obama. Don’t let Donald Trump steal the credit.

More: Obama Policies Fueled Our Economic Boom. Don’t Let Trump And His Rich Man’s Tax Cut Steal The Credit

Trump continues riding President Obama's coattails and trying to steal his thunder. President Obama gave us a stable and sustainable economy; whereas, Trump is trying to give us a rocket ship economy that may propel us into another Great Depression. The current economy does not need deregulation and tax cuts for stimulation.
Click to expand...


Which Obama policy was it that improved the economy? Obamacare? Nope! The largely ineffective Obama stimulus? That was so bad they had to use "jobs created or saved" to hide how few jobs they actually created! Can you even name an Obama economic initiative from his last six years that grew the economy? I can't! He basically didn't even try after the first two years he was in office!
Click to expand...

Many to choose from! Take your pick below...
Click to expand...


I ask you to tell me what Obama policy led to the economic boom we're currently experiencing...and you give me that collection of pap?

It's a simple question, Lakhota. One that you shouldn't have to resort to spamming liberal sites crowing about what a great President Barry was! Just tell me what economic policy of his created more jobs and a stronger economy!
Click to expand...

It may be a simple question - but the answer is more complicated because it consists of the many actions and policies by President Obama. I will spoon-feed a few for you below to chew on. Also, keep in mind that Republicans obstructed President Obama for eight years - thereby slowing the economic recovery from the Great Bush Recession. One of the biggest Republican obstructions was on President Obama's American Jobs Act - which they refused to consider in whole or in part.

What Has Obama Done? 13 Major Accomplishments

President Barack Obama entered office fighting the 2008 financial crisis. He immediately launched the ambitious Affordable Care Act, despite backlash. His administration continued battling the Tea Party Republicans after they gained Congressional majority in the 2010 mid-term elections.

Despite these challenges, he accomplished many great things. Here are the top eleven in chronological order. Find out how they match up to the 2008 "Yes We Can!" campaign promises.

1. Ended the 2008 Recession
In February 2009, Congress approved Obama's $787 billion economic stimulus package. It cut taxes, extended unemployment benefits, and funded public works projects. The recession ended in July when GDP growth turned positive. In just seven months, the American Recovery and Reinvestment Act pumped $241.9 billion into the economy. That increased growth to a robust 3.9 percent rate by early 2010. By March 30, 2011, almost all ($633.5 billion) of the funds were spent.

2. Modernized Auto Industry
Obama bailed out the U.S. auto industry on March 30, 2009. The federal government took over General Motors and Chrysler, saving three million jobs. It forced the companies to become more fuel efficient and therefore more globally competitive.

4. Reformed Health Care
On March 23, 2010, the Affordable Care Act revolutionized healthcare. By 2014, the economy benefited from having 95 percent of the population on health insurance. The greater number of people receiving preventive care reduced the number of expensive visits to emergency rooms.

That slows the rise of health care costs for everyone. That's because Medicaid reimburses hospitals for emergency care. Those are the most significant of Obamacare's 10 advantages.

Why did health care need to be reformed? Rising costs threatened to take over the entire federal budget. It was also the no.1 cause of bankruptcies. In return, Americans received the worst health care in the developed world.

President Donald Trump promised to "repeal and replace" Obamacare. As of October 2017, he has failed to pass any legislation. But he is weakening Obamacare even without repeal.

5. Regulated the Big Banks
In July 2010, the Dodd-Frank Wall Street Reform Act improved regulation of eight areas that led to the financial crisis. The Consumer Financial Protection Agency reduced harmful practices of credit cards and mortgages. The Financial Stability Oversight Council regulated hedge funds and banks that became too big to fail. The "Volcker Rule" banned banks from risking losses with their depositors' money. Dodd-Frank clarified which agencies regulated which banks, stopping banks from cherry-picking their regulators.

Dodd-Frank directed the Securities and Exchange Commission and the Commodity Futures Trading Commission.

These regulated the riskiest derivatives, like credit default swaps and commodities futures. Dodd-Frank also asked the SEC to recommend how the credit rating agencies, like Moody's and Standard & Poor's, could be improved.

6. 2010 Tax Cuts
In December 2010, Obama and Congress agreed upon additional stimulus in the form of an $858 billion tax cut. It had three main components: a $350 billion extension of the Bush tax cuts, a $56 billion extension of unemployment benefits, and a $120 billion reduction in workers' payroll taxes. Businesses received $140 billion in tax cuts for capital improvements and $80 billion in research and development tax credits. The estate tax was exempted (up to $5 million), and there were additional credits for college tuition and children.

7. Eliminated bin Laden Threat and Withdrew Troops from Iraq and Afghanistan Wars
On May 1, 2011, Navy SEALs attacked the al-Qaida leader's compound in Pakistan and eliminated Osama bin Laden.

Later that year, Obama withdrew troops from the Iraq War. Three years later, renewed threats from ISIS meant troops had to return. The Sunni-Shiite split within Islam means there may always be wars in the Middle East..

In 2014, Obama wound down the war in Afghanistan. Ending the wars in Iraq and Afghanistan should have reduced annual military spending. At over $800 billion, it was the largest discretionary budget item and one of the leading causes of the budget deficit and national debt. Instead, spending on the War on Terror remained higher than during the Bush administration.

More: What Has Obama Done? 13 Significant Accomplishments
 
Last edited:
Lakhota said:
Presidential historians will not let Trump steal credit for President Obama's good economy. In fact, Trump's legacy may be the Great Trump Depression/Recession.
Click to expand...
What, Hahahaha, did, aHahahaha, you, Hahahaha, jus, Hahahaha t, ahhhhhhhhahaha, say? Ahhhhhhhhhahahaha, Ahhhhhhhhhahahaha, sssssttttoooopppppp, ohhhhhhhh shit, dude, that’s fking HILARIOUS
 
Lakhota said:
Republicans wouldn't even allow a vote on President Obama's SCOTUS nominee that he was entitled to. Instead, they held up Merrick Garland for a year and then approved Gorsuch with only 51 votes - instead of the usual 60 votes for a SCOTUS nominee.
Click to expand...
Awwwww ... I bet aspirin will help that butthurt.
 
Spare_change said:
Lakhota said:
Republicans wouldn't even allow a vote on President Obama's SCOTUS nominee that he was entitled to. Instead, they held up Merrick Garland for a year and then approved Gorsuch with only 51 votes - instead of the usual 60 votes for a SCOTUS nominee.
Click to expand...
Awwwww ... I bet aspirin will help that butthurt.
Click to expand...

No, but ballot boxes will in 2018 and 2020.
 
Lakhota said:
Oldstyle said:
Lakhota said:
Oldstyle said:
Lakhota said:
5a428f0d2100003e005f5dbd.jpeg


Donald Trump is good at certain things. (Please take a deep breath and don’t throw your mouse or laptop at the wall.) I have not come to praise Mr. Lost The Popular Vote By 2.9 Million. But the truth is the truth—even if the truth is something Trump wouldn’t recognize if it landed right on the dyed bird’s nest that covers his dome. In any case, we must acknowledge that the man has demonstrated the ability to shape the media narrative for his own nefarious purposes.

For example, when the term “fake news” first gained widespread usage during the 2016 campaign, it most often referred to anti-Hillary, pro-Trump stories planted by non-journalists on social media. Trump, however, has over the past year co-opted the term successfully enough so that, for many, it now primarily refers to mainstream journalists’ supposed anti-Trump bias. Similarly, he has sought to control the narrative about the strong performance of the American economy, and last week’s passage of the rich man’s tax cut is going to be a crucial pivot point in that narrative. The mainstream media and the American people simply cannot allow him to control it the way he has controlled the narrative on fake news.

Throughout his time in the White House, Trump has been obsessed with denigrating the accomplishments of Barack Obama (Think: “Obamacare is imploding”—it isn’t, but who knows what will happen next year as a result of Trump’s repeal of the individual mandate and other steps taken to sabotage the health care law).

Washington Post fact-checker Nicole Lewis offered a detailed comparison of the economy under Trump thus far and Obama. There’s far too much detail to go into here, but here are some highlights. First, the stock market growth in Trump’s first 10 months doesn’t look nearly as impressive when you learn that it is no better than the market’s performance in peer countries like the UK, Germany, and Japan. This isn’t a Trump bull market, it’s a global one. By comparison, under Obama the U.S. stock market, as measured by the S&P 500, not only tripled over eight years, it significantly outperformed the markets in those same peer countries.

Job growth under Trump lags behind job growth under Obama (in a comparable time period, i.e., February through November) in each of the previous four years, and five out of the last seven years of the Obama presidency. And while we’re on the topic of media narrative, Trump now touts the big drop of about one-half of 1 percent in the unemployment rate since he took office, but while Obama was president he denigratedthe unemployment rate as “nonsense.” That’s not surprising given that it fell almost five points during the final five years of the Obama presidency.

Overall, the economy under Trump thus far looks no better by most measures than the economy in the last years under Obama. Furthermore, whereas Trump inherited the strong Obama economy, Obama inherited the Great Recession from George W. Bush—the worst economic crash since the Great Depression. That crash followed years of Republican control of Congress and a round of tax cuts whose benefits flowed mostly to the wealthy (sound familiar?). Until the passage of the Trump tax scheme, there were no significant changes to the economic policies put in place during the Obama presidency—policies that brought our economy out of the Great Recession and which have given us the longest lasting period of job growth in our history.

Trump’s comments above about his tax scheme and “rocket fuel” make clear that he will go even further than he has so far in claiming credit for anything good happening in the economy. He and his right-wing minions have in fact begun doing so. Here’s a headline from the Conservative Review: “The Trump tax cuts are ALREADY raising wages” (all-caps makes it much more convincing, doesn’t it?). Don’t buy it. As Conor Sen at Bloomberg explained, the rich man’s tax cut is merely the “excuse to raise wages. The tight labor market is the real reason.” And of course the tight labor market reflects years of a strong economy bequeathed to us by none other than President Barack Obama. Don’t let Donald Trump steal the credit.

More: Obama Policies Fueled Our Economic Boom. Don’t Let Trump And His Rich Man’s Tax Cut Steal The Credit

Trump continues riding President Obama's coattails and trying to steal his thunder. President Obama gave us a stable and sustainable economy; whereas, Trump is trying to give us a rocket ship economy that may propel us into another Great Depression. The current economy does not need deregulation and tax cuts for stimulation.
Click to expand...


Which Obama policy was it that improved the economy? Obamacare? Nope! The largely ineffective Obama stimulus? That was so bad they had to use "jobs created or saved" to hide how few jobs they actually created! Can you even name an Obama economic initiative from his last six years that grew the economy? I can't! He basically didn't even try after the first two years he was in office!
Click to expand...

Many to choose from! Take your pick below...
Click to expand...


I ask you to tell me what Obama policy led to the economic boom we're currently experiencing...and you give me that collection of pap?

It's a simple question, Lakhota. One that you shouldn't have to resort to spamming liberal sites crowing about what a great President Barry was! Just tell me what economic policy of his created more jobs and a stronger economy!
Click to expand...

It may be a simple question - but the answer is more complicated because it consists of the many actions and policies by President Obama. I will spoon-feed a few for you below to chew on. Also, keep in mind that Republicans obstructed President Obama for eight years - thereby slowing the economic recovery from the Great Bush Recession. One of the biggest Republican obstructions was on President Obama's American Jobs Act - which they refused to consider in whole or in part.

What Has Obama Done? 13 Major Accomplishments

President Barack Obama entered office fighting the 2008 financial crisis. He immediately launched the ambitious Affordable Care Act, despite backlash. His administration continued battling the Tea Party Republicans after they gained Congressional majority in the 2010 mid-term elections.

Despite these challenges, he accomplished many great things. Here are the top eleven in chronological order. Find out how they match up to the 2008 "Yes We Can!" campaign promises.

1. Ended the 2008 Recession
In February 2009, Congress approved Obama's $787 billion economic stimulus package. It cut taxes, extended unemployment benefits, and funded public works projects. The recession ended in July when GDP growth turned positive. In just seven months, the American Recovery and Reinvestment Act pumped $241.9 billion into the economy. That increased growth to a robust 3.9 percent rate by early 2010. By March 30, 2011, almost all ($633.5 billion) of the funds were spent.

2. Modernized Auto Industry
Obama bailed out the U.S. auto industry on March 30, 2009. The federal government took over General Motors and Chrysler, saving three million jobs. It forced the companies to become more fuel efficient and therefore more globally competitive.

4. Reformed Health Care
On March 23, 2010, the Affordable Care Act revolutionized healthcare. By 2014, the economy benefited from having 95 percent of the population on health insurance. The greater number of people receiving preventive care reduced the number of expensive visits to emergency rooms.

That slows the rise of health care costs for everyone. That's because Medicaid reimburses hospitals for emergency care. Those are the most significant of Obamacare's 10 advantages.

Why did health care need to be reformed? Rising costs threatened to take over the entire federal budget. It was also the no.1 cause of bankruptcies. In return, Americans received the worst health care in the developed world.

President Donald Trump promised to "repeal and replace" Obamacare. As of October 2017, he has failed to pass any legislation. But he is weakening Obamacare even without repeal.

5. Regulated the Big Banks
In July 2010, the Dodd-Frank Wall Street Reform Act improved regulation of eight areas that led to the financial crisis. The Consumer Financial Protection Agency reduced harmful practices of credit cards and mortgages. The Financial Stability Oversight Council regulated hedge funds and banks that became too big to fail. The "Volcker Rule" banned banks from risking losses with their depositors' money. Dodd-Frank clarified which agencies regulated which banks, stopping banks from cherry-picking their regulators.

Dodd-Frank directed the Securities and Exchange Commission and the Commodity Futures Trading Commission.

These regulated the riskiest derivatives, like credit default swaps and commodities futures. Dodd-Frank also asked the SEC to recommend how the credit rating agencies, like Moody's and Standard & Poor's, could be improved.

6. 2010 Tax Cuts
In December 2010, Obama and Congress agreed upon additional stimulus in the form of an $858 billion tax cut. It had three main components: a $350 billion extension of the Bush tax cuts, a $56 billion extension of unemployment benefits, and a $120 billion reduction in workers' payroll taxes. Businesses received $140 billion in tax cuts for capital improvements and $80 billion in research and development tax credits. The estate tax was exempted (up to $5 million), and there were additional credits for college tuition and children.

7. Eliminated bin Laden Threat and Withdrew Troops from Iraq and Afghanistan Wars
On May 1, 2011, Navy SEALs attacked the al-Qaida leader's compound in Pakistan and eliminated Osama bin Laden.

Later that year, Obama withdrew troops from the Iraq War. Three years later, renewed threats from ISIS meant troops had to return. The Sunni-Shiite split within Islam means there may always be wars in the Middle East..

In 2014, Obama wound down the war in Afghanistan. Ending the wars in Iraq and Afghanistan should have reduced annual military spending. At over $800 billion, it was the largest discretionary budget item and one of the leading causes of the budget deficit and national debt. Instead, spending on the War on Terror remained higher than during the Bush administration.

More: What Has Obama Done? 13 Significant Accomplishments
Click to expand...

For some reason you think those puff pieces done on Obama's "accomplishments" represent an honest answer to my question! It doesn't. It simply shows you can't think of anything on your own that Obama's done to grow the economy and that speaks VOLUMES about his economic policies!

It's still a simple question...what economic policy of Barack Obama grew the economy! Care to answer? Or are you going to continue to post propaganda?
 
Oldstyle said:
Lakhota said:
Oldstyle said:
Lakhota said:
Oldstyle said:
Lakhota said:
5a428f0d2100003e005f5dbd.jpeg


Donald Trump is good at certain things. (Please take a deep breath and don’t throw your mouse or laptop at the wall.) I have not come to praise Mr. Lost The Popular Vote By 2.9 Million. But the truth is the truth—even if the truth is something Trump wouldn’t recognize if it landed right on the dyed bird’s nest that covers his dome. In any case, we must acknowledge that the man has demonstrated the ability to shape the media narrative for his own nefarious purposes.

For example, when the term “fake news” first gained widespread usage during the 2016 campaign, it most often referred to anti-Hillary, pro-Trump stories planted by non-journalists on social media. Trump, however, has over the past year co-opted the term successfully enough so that, for many, it now primarily refers to mainstream journalists’ supposed anti-Trump bias. Similarly, he has sought to control the narrative about the strong performance of the American economy, and last week’s passage of the rich man’s tax cut is going to be a crucial pivot point in that narrative. The mainstream media and the American people simply cannot allow him to control it the way he has controlled the narrative on fake news.

Throughout his time in the White House, Trump has been obsessed with denigrating the accomplishments of Barack Obama (Think: “Obamacare is imploding”—it isn’t, but who knows what will happen next year as a result of Trump’s repeal of the individual mandate and other steps taken to sabotage the health care law).

Washington Post fact-checker Nicole Lewis offered a detailed comparison of the economy under Trump thus far and Obama. There’s far too much detail to go into here, but here are some highlights. First, the stock market growth in Trump’s first 10 months doesn’t look nearly as impressive when you learn that it is no better than the market’s performance in peer countries like the UK, Germany, and Japan. This isn’t a Trump bull market, it’s a global one. By comparison, under Obama the U.S. stock market, as measured by the S&P 500, not only tripled over eight years, it significantly outperformed the markets in those same peer countries.

Job growth under Trump lags behind job growth under Obama (in a comparable time period, i.e., February through November) in each of the previous four years, and five out of the last seven years of the Obama presidency. And while we’re on the topic of media narrative, Trump now touts the big drop of about one-half of 1 percent in the unemployment rate since he took office, but while Obama was president he denigratedthe unemployment rate as “nonsense.” That’s not surprising given that it fell almost five points during the final five years of the Obama presidency.

Overall, the economy under Trump thus far looks no better by most measures than the economy in the last years under Obama. Furthermore, whereas Trump inherited the strong Obama economy, Obama inherited the Great Recession from George W. Bush—the worst economic crash since the Great Depression. That crash followed years of Republican control of Congress and a round of tax cuts whose benefits flowed mostly to the wealthy (sound familiar?). Until the passage of the Trump tax scheme, there were no significant changes to the economic policies put in place during the Obama presidency—policies that brought our economy out of the Great Recession and which have given us the longest lasting period of job growth in our history.

Trump’s comments above about his tax scheme and “rocket fuel” make clear that he will go even further than he has so far in claiming credit for anything good happening in the economy. He and his right-wing minions have in fact begun doing so. Here’s a headline from the Conservative Review: “The Trump tax cuts are ALREADY raising wages” (all-caps makes it much more convincing, doesn’t it?). Don’t buy it. As Conor Sen at Bloomberg explained, the rich man’s tax cut is merely the “excuse to raise wages. The tight labor market is the real reason.” And of course the tight labor market reflects years of a strong economy bequeathed to us by none other than President Barack Obama. Don’t let Donald Trump steal the credit.

More: Obama Policies Fueled Our Economic Boom. Don’t Let Trump And His Rich Man’s Tax Cut Steal The Credit

Trump continues riding President Obama's coattails and trying to steal his thunder. President Obama gave us a stable and sustainable economy; whereas, Trump is trying to give us a rocket ship economy that may propel us into another Great Depression. The current economy does not need deregulation and tax cuts for stimulation.
Click to expand...


Which Obama policy was it that improved the economy? Obamacare? Nope! The largely ineffective Obama stimulus? That was so bad they had to use "jobs created or saved" to hide how few jobs they actually created! Can you even name an Obama economic initiative from his last six years that grew the economy? I can't! He basically didn't even try after the first two years he was in office!
Click to expand...

Many to choose from! Take your pick below...
Click to expand...


I ask you to tell me what Obama policy led to the economic boom we're currently experiencing...and you give me that collection of pap?

It's a simple question, Lakhota. One that you shouldn't have to resort to spamming liberal sites crowing about what a great President Barry was! Just tell me what economic policy of his created more jobs and a stronger economy!
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It may be a simple question - but the answer is more complicated because it consists of the many actions and policies by President Obama. I will spoon-feed a few for you below to chew on. Also, keep in mind that Republicans obstructed President Obama for eight years - thereby slowing the economic recovery from the Great Bush Recession. One of the biggest Republican obstructions was on President Obama's American Jobs Act - which they refused to consider in whole or in part.

What Has Obama Done? 13 Major Accomplishments

President Barack Obama entered office fighting the 2008 financial crisis. He immediately launched the ambitious Affordable Care Act, despite backlash. His administration continued battling the Tea Party Republicans after they gained Congressional majority in the 2010 mid-term elections.

Despite these challenges, he accomplished many great things. Here are the top eleven in chronological order. Find out how they match up to the 2008 "Yes We Can!" campaign promises.

1. Ended the 2008 Recession
In February 2009, Congress approved Obama's $787 billion economic stimulus package. It cut taxes, extended unemployment benefits, and funded public works projects. The recession ended in July when GDP growth turned positive. In just seven months, the American Recovery and Reinvestment Act pumped $241.9 billion into the economy. That increased growth to a robust 3.9 percent rate by early 2010. By March 30, 2011, almost all ($633.5 billion) of the funds were spent.

2. Modernized Auto Industry
Obama bailed out the U.S. auto industry on March 30, 2009. The federal government took over General Motors and Chrysler, saving three million jobs. It forced the companies to become more fuel efficient and therefore more globally competitive.

4. Reformed Health Care
On March 23, 2010, the Affordable Care Act revolutionized healthcare. By 2014, the economy benefited from having 95 percent of the population on health insurance. The greater number of people receiving preventive care reduced the number of expensive visits to emergency rooms.

That slows the rise of health care costs for everyone. That's because Medicaid reimburses hospitals for emergency care. Those are the most significant of Obamacare's 10 advantages.

Why did health care need to be reformed? Rising costs threatened to take over the entire federal budget. It was also the no.1 cause of bankruptcies. In return, Americans received the worst health care in the developed world.

President Donald Trump promised to "repeal and replace" Obamacare. As of October 2017, he has failed to pass any legislation. But he is weakening Obamacare even without repeal.

5. Regulated the Big Banks
In July 2010, the Dodd-Frank Wall Street Reform Act improved regulation of eight areas that led to the financial crisis. The Consumer Financial Protection Agency reduced harmful practices of credit cards and mortgages. The Financial Stability Oversight Council regulated hedge funds and banks that became too big to fail. The "Volcker Rule" banned banks from risking losses with their depositors' money. Dodd-Frank clarified which agencies regulated which banks, stopping banks from cherry-picking their regulators.

Dodd-Frank directed the Securities and Exchange Commission and the Commodity Futures Trading Commission.

These regulated the riskiest derivatives, like credit default swaps and commodities futures. Dodd-Frank also asked the SEC to recommend how the credit rating agencies, like Moody's and Standard & Poor's, could be improved.

6. 2010 Tax Cuts
In December 2010, Obama and Congress agreed upon additional stimulus in the form of an $858 billion tax cut. It had three main components: a $350 billion extension of the Bush tax cuts, a $56 billion extension of unemployment benefits, and a $120 billion reduction in workers' payroll taxes. Businesses received $140 billion in tax cuts for capital improvements and $80 billion in research and development tax credits. The estate tax was exempted (up to $5 million), and there were additional credits for college tuition and children.

7. Eliminated bin Laden Threat and Withdrew Troops from Iraq and Afghanistan Wars
On May 1, 2011, Navy SEALs attacked the al-Qaida leader's compound in Pakistan and eliminated Osama bin Laden.

Later that year, Obama withdrew troops from the Iraq War. Three years later, renewed threats from ISIS meant troops had to return. The Sunni-Shiite split within Islam means there may always be wars in the Middle East..

In 2014, Obama wound down the war in Afghanistan. Ending the wars in Iraq and Afghanistan should have reduced annual military spending. At over $800 billion, it was the largest discretionary budget item and one of the leading causes of the budget deficit and national debt. Instead, spending on the War on Terror remained higher than during the Bush administration.

More: What Has Obama Done? 13 Significant Accomplishments
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For some reason you think those puff pieces done on Obama's "accomplishments" represent an honest answer to my question! It doesn't. It simply shows you can't think of anything on your own that Obama's done to grow the economy and that speaks VOLUMES about his economic policies!

It's still a simple question...what economic policy of Barack Obama grew the economy! Care to answer? Or are you going to continue to post propaganda?
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It was his economic policies of QE and near zero interest rates ......oh wait.....that was the Federal Reserve, our central bank. Never mind.
 
JQPublic1 said:
Mac1958 said:
Good gawd, another one who thinks the stock market is the economy. It is not. Not today, not during Obama.

The rate of job growth under Obama was certainly going to be higher, given the dire situation he was handed, which was a fucking mess.

We'll never know what Obama would have done with a more normal economy. As it is, the only thing he did here was stand back and allow the Federal Reserve to pump over FOUR TRILLION DOLLARS into markets.

Just more partisan noise.
.
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The purse strings of the government was controlled by the GOP controlled House. How did Obama do all that supposedly {discretionary?) spending without their approval?
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ZomboMeme 28122017023000.jpg
 
JQPublic1 said:
Mac1958 said:
Good gawd, another one who thinks the stock market is the economy. It is not. Not today, not during Obama.

The rate of job growth under Obama was certainly going to be higher, given the dire situation he was handed, which was a fucking mess.

We'll never know what Obama would have done with a more normal economy. As it is, the only thing he did here was stand back and allow the Federal Reserve to pump over FOUR TRILLION DOLLARS into markets.

Just more partisan noise.
.
Click to expand...
The purse strings of the government was controlled by the GOP controlled House. How did Obama do all that supposedly {discretionary?) spending without their approval?
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That's not traditional congressional discretionary spending. That's allowing the Fed broad powers. Carte Blanche. Congress most likely couldn't have stopped it.

Plus, and probably just as likely, given the magnitude of the problem, they probably knew there weren't many other choices.

And doing so probably would have looked bad politically, since a member of their own party had just left the White House with the economy in collapse. So for the most part, they kept their yaps shut.
.
 
Lakhota said:
5a428f0d2100003e005f5dbd.jpeg


Donald Trump is good at certain things. (Please take a deep breath and don’t throw your mouse or laptop at the wall.) I have not come to praise Mr. Lost The Popular Vote By 2.9 Million. But the truth is the truth—even if the truth is something Trump wouldn’t recognize if it landed right on the dyed bird’s nest that covers his dome. In any case, we must acknowledge that the man has demonstrated the ability to shape the media narrative for his own nefarious purposes.

For example, when the term “fake news” first gained widespread usage during the 2016 campaign, it most often referred to anti-Hillary, pro-Trump stories planted by non-journalists on social media. Trump, however, has over the past year co-opted the term successfully enough so that, for many, it now primarily refers to mainstream journalists’ supposed anti-Trump bias. Similarly, he has sought to control the narrative about the strong performance of the American economy, and last week’s passage of the rich man’s tax cut is going to be a crucial pivot point in that narrative. The mainstream media and the American people simply cannot allow him to control it the way he has controlled the narrative on fake news.

Throughout his time in the White House, Trump has been obsessed with denigrating the accomplishments of Barack Obama (Think: “Obamacare is imploding”—it isn’t, but who knows what will happen next year as a result of Trump’s repeal of the individual mandate and other steps taken to sabotage the health care law).

Washington Post fact-checker Nicole Lewis offered a detailed comparison of the economy under Trump thus far and Obama. There’s far too much detail to go into here, but here are some highlights. First, the stock market growth in Trump’s first 10 months doesn’t look nearly as impressive when you learn that it is no better than the market’s performance in peer countries like the UK, Germany, and Japan. This isn’t a Trump bull market, it’s a global one. By comparison, under Obama the U.S. stock market, as measured by the S&P 500, not only tripled over eight years, it significantly outperformed the markets in those same peer countries.

Job growth under Trump lags behind job growth under Obama (in a comparable time period, i.e., February through November) in each of the previous four years, and five out of the last seven years of the Obama presidency. And while we’re on the topic of media narrative, Trump now touts the big drop of about one-half of 1 percent in the unemployment rate since he took office, but while Obama was president he denigratedthe unemployment rate as “nonsense.” That’s not surprising given that it fell almost five points during the final five years of the Obama presidency.

Overall, the economy under Trump thus far looks no better by most measures than the economy in the last years under Obama. Furthermore, whereas Trump inherited the strong Obama economy, Obama inherited the Great Recession from George W. Bush—the worst economic crash since the Great Depression. That crash followed years of Republican control of Congress and a round of tax cuts whose benefits flowed mostly to the wealthy (sound familiar?). Until the passage of the Trump tax scheme, there were no significant changes to the economic policies put in place during the Obama presidency—policies that brought our economy out of the Great Recession and which have given us the longest lasting period of job growth in our history.

Trump’s comments above about his tax scheme and “rocket fuel” make clear that he will go even further than he has so far in claiming credit for anything good happening in the economy. He and his right-wing minions have in fact begun doing so. Here’s a headline from the Conservative Review: “The Trump tax cuts are ALREADY raising wages” (all-caps makes it much more convincing, doesn’t it?). Don’t buy it. As Conor Sen at Bloomberg explained, the rich man’s tax cut is merely the “excuse to raise wages. The tight labor market is the real reason.” And of course the tight labor market reflects years of a strong economy bequeathed to us by none other than President Barack Obama. Don’t let Donald Trump steal the credit.

More: Obama Policies Fueled Our Economic Boom. Don’t Let Trump And His Rich Man’s Tax Cut Steal The Credit

Trump continues riding President Obama's coattails and trying to steal his thunder. President Obama gave us a stable and sustainable economy; whereas, Trump is trying to give us a rocket ship economy that may propel us into another Great Depression. The current economy does not need deregulation and tax cuts for stimulation.
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Na, you’re delusional Washington redskin...
Stay out of the fucking firewater
 
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