AntonToo
Diamond Member
- Jun 13, 2016
- 31,639
- 9,282
The US economy recovered in spite of obamas efforts to slow it down
he was so happy when the BP oil well broke in the Gulf
liberals like our first black president saw that as a chance to kill the oil industry
but it survived and thrived after trump took over
In act free world the child who inherited 500 million from daddy then blew it losing up to 1 million dollars per day for an entire year is this financial genius. But there was 7 years of economic growth before trump sat his fat ass in the presidential chair.
During those 7 years,
- What was the unemployment rate? ( when O wasn’t changing the criteria to measure unemployment?)
- What was the Black Unemployment rate?
- What was the Dow?
- What was the business expansion rate? - new businesses, new loans, new locations?
There was “growth” but it was slow, almost flat - in spite of Obama’s intent to fundamentally transform America and necessarily increase energy prices. He also chased away manufacturing jobs and told US to suck it up because not even a magic wand could bring them back. Trump showed him otherwise.
FACT--------------> Kennedy, Reagan, Clinton, and Trump all cut taxes, and the economy came to life!
Now, Leftists are going to jump this post because they insist that Clinton RAISED taxes; which he did with one hand on individuals, while with the other hand CUT capital gains taxes! Of course, they don't want to point you at that. And under all these Presidents I mentioned, the economy improved!
Let me say that Obama KNEW how to revive the economic investment which was in the tank, just like the 4 Presidents I mentioned. It was just not how he wanted to "transform" America, and if a bunch of you suffered, to bad, so sad.
Now, I agree with many of you that the national debt and continued deficits need to be addressed quickly. But, if you think spending 30 to 125 TRILLION dollars over 10 years MORE for your craziness is the way to do it, then you need an economic education quickly!
Reagan raised taxes 11 times. Trumps tax cut did not do anything for the economy. We need to be factual about this. Capital gains taxes do not affect many Americans enough to make the claim you did. Reagan left us with record deficits. So did Bush2 who also cut taxes. Cutting taxes does not grow the economy.
Barry Hussein added more debt than any other President.
BS. There was more debt accumulated while Obama was in office but it wasn't because Obama's policies added to it (~1T).
Trump's 1.5T tax-cuts and extra spending ALREADY blew a bigger hole in the budget than Obama's policies.
We are currently running 1T deficit in the middle of what "conservatives" are calling a boom. You know what happens to that deficit when this "boom" goes bust? It becomes 1.5-2T dollar deficit.
So what are the Democrats going to do should they get power? Cut spending? No, tge first thing they will do is take away the tax cuts, hit the Middle Class as they always do, tax base will be reduced, and they will continue to spend and blame Trump.
Increasing effective taxation reduces deficits, so even if what you say is 100% true the deficits will still be reduced vs current baseline.
But you are wrong. Democrats, unlike Trump, do generally have long term fiscal concerns. Obama for many years was trying to get the Great Bargain done with Republicans, saying that when it comes to getting this done there will be no sacred cows like Medicaid or Social Security...no takers, mostly because there are enough hardcore Republicans that refuse any conversation that touches their sacred tax-cuts (and in fact they signed a pledge to Norquist to NEVER participate in any deal that raises taxes).
I believe that a moderate Democrat is much more likely to tackle our fiscal problems than i-don't-give-a-shit-what-happens-after-my-presidency Trump.