Surprise Surprise, More Blow Out Biden Jobs Data this Morning.

[Toddsterpatriot]

Big recession??
says who??

The Internet Bubble burst. The unemployment rate went from below 4% to over 6%.

It was in all the papers.

The NASDAQ went down almost 80%.

Did you have a 401K yet, or were you still getting an allowance?

 

[gipper]

It been explain to you repeatedly

When you inherit a massive deficit and a record recession, you are inheriting a country in deficit

You are blaming obama for not being able to bring Bush's massive world record deficit, the biggest annual deficit in US history at (until Trump) to a lower level, while also ignoring the cold hard fact that Bush inherited a balanced budget and caused the massive deficit and recession, AND Trump did the same thing as Bush blowing up the deficit.

Its like, let's give the guys that increased the deficit massively a pass, then attack the guys that have lowered the deficit because they did not lower it enough? that is republican logic right there.

So O’s deficits aren’t his responsibility. W is responsible because he had huge deficits and O inherited his recession. This opinion is commonly held by partisan Ds, but it’s nonsense. You think O had to deficit spend in a recession. This is an economic fallacy.

Every budget O submitted to Congress included massive deficits. He increased spending on the military and intelligence, while continuing W’s big tax cuts for the rich.

 

[The Banker]

The Internet Bubble burst. The unemployment rate went from below 4% to over 6%.

It was in all the papers.

The NASDAQ went down almost 80%.

Did you have a 401K yet, or were you still getting an allowance?

2001 was very mild and the data confirms this. You are retarded and just make shit up, and I caught you again.

The 2001 recession's relatively short duration is not the only unique characteristic that distinguishes it from other post-World War II recessions. 3 Another unique feature was its mildness, as seen by the decline in output (real GDP).

https://files.stlouisfed.org/files/htdocs/publications/review/03/09/Kliesen.pdf

The Big Bush Blow up, The Bush crash, the big recession that occurred 7 years into Bush's failed presidency was a massive recession. That is what a big recession is.

Glad I could clear this up for you, that's what I do, I educate the dumb fucks.

 

[The Banker]

So O’s deficits aren’t his responsibility. W is responsible because he had huge deficits and O inherited his recession. This opinion is commonly held by partisan Ds, but it’s nonsense. You think O had to deficit spend in a recession. This is an economic fallacy.

Every budget O submitted to Congress included massive deficits. He increased spending on the military and intelligence, while continuing W’s big tax cuts for the rich.

He lowered deficits, Trump took those lowered deficits and increased them again, just like Bush did.

You can't pick up on the simple pattern? Its pretty simple.

 

[bigrebnc1775]

This is what the best labor market in US History is supposed to look like !

Just a little +324k private jobs added last month. No biggie !

Joe Biden is in direct competition with Bill Clinton for best president of the modern era.

Economic Calendar - Investing.com

Economic calendar: get indicators in real-time as economic events are announced and see the immediate global market impact - Including previous, forecast and actual figures.

www.investing.com

34% of Americans agree with you. The rest of us think you're full of shit.

 

[Flash]

 

[gipper]

He lowered deficits, Trump took those lowered deficits and increased them again, just like Bush did.

You can't pick up on the simple pattern? Its pretty simple.

Lol. Lowering deficits that were at all time highs is nothing to crow about. Why are you so silly?

 

[The Banker]

Lol. Lowering deficits that were at all time highs is nothing to crow about. Why are you so silly?

Its a hell of a lot better than what both Bush and Trump did, which was ramp them up massively. If Trump were president now, the annual deficit would be at $4 T/yr.

The debt and deficit are bad because of Bush and Trump, if we never had them as presidents, the total debt and our annual deficit would be much lower.

 

[Toddsterpatriot]

Its a hell of a lot better than what both Bush and Trump did, which was ramp them up massively. If Trump were president now, the annual deficit would be at $4 T/yr.

The debt and deficit are bad because of Bush and Trump, if we never had them as presidents, the total debt and our annual deficit would be much lower.

Every single Republican president has had at least 1 recession dating all the way back to Teddy Roosevelt.
Only 1 Democrat president has had a recession in that same time period.

Wilson had one starting in 1918.

Wilson had one starting in 1920.

FDR had one starting in 1937.

FDR had one starting in 1945.

Truman had one starting in 1948.

Carter had one starting in 1980.

 

[justoffal]

And tens of millions and tens of millions more are poorer now.

Yep that's the joke of it. What they're failing to deal with isn't employment and unemployment It's under employment. Per capita debt continues to rise faster than inflation is falling ( wink wink).... Homelessness is skyrocketing.... All the major urban centers are experiencing a huge uptick in crime and violence.

 

[justoffal]

Its a hell of a lot better than what both Bush and Trump did, which was ramp them up massively. If Trump were president now, the annual deficit would be at $4 T/yr.

The debt and deficit are bad because of Bush and Trump, if we never had them as presidents, the total debt and our annual deficit would be much lower.

Covid

 

[gipper]

Its a hell of a lot better than what both Bush and Trump did, which was ramp them up massively. If Trump were president now, the annual deficit would be at $4 T/yr.

The debt and deficit are bad because of Bush and Trump, if we never had them as presidents, the total debt and our annual deficit would be much lower.

No it’s not better. It’s the same thing.

 

[The Banker]

No it’s not better. It’s the same thing.

yea ok

So in your view, a president that increases the deficit every year is the same as a president who decreases it? That's not even remotely logical or true.

 

[John Edgar Slow Horses]

The Unemployment Rate went down.

Less than expected job report is disappointing.

That more people are going back to work is encouraging.

That consumer spending remains brilliant is brilliant.

 

[gipper]

yea ok

So in your view, a president that increases the deficit every year is the same as a president who decreases it? That's not even remotely logical or true.

Lol. Please tell me what was the national debt when O took office and when he left office? Now compare those two figures. Can you honestly say he deserves credit for reducing the deficit?

 

[The Banker]

Lol. Please tell me what was the national debt when O took office and when he left office? Now compare those two figures. Can you honestly say he deserves credit for reducing the deficit?

so what, that is taken out of context and there are more factors to consider, like previous deficits.

If a new football coach takes over a team and the team goes 9-7 is that good? Well if the previous year the team went 1-15, then it is good, but if the previous year the team went 14-2 and won the superbowl, then that is bad...

See how that works. The reality is everything about you and you people is bullshit and spin. You can't hold the failed republicans accountable for their failure, and you hate the fact that the democrats have done substantially better than all republicans for the past 30+ years.

You don't want to admit that the republicans have caused the majority of our debt and deficit, and it pains you to admit and accept that the republicans have cause this debt with their policies of blowing up the deficit every time.

I think republicans are weaklings, republicans can't admit truth and reality, because it pains them to admit it. Look at this election fraud bullshit, it has now been revealed that there was no fraud at all, and everybody knew and told Trump there was no fraud at all, yet how many trash republicans can actually admit that?

 

[gipper]

so what, that is taken out of context and there are more factors to consider, like previous deficits.

If a new football coach takes over a team and the team goes 9-7 is that good? Well if the previous year the team went 1-15, then it is good, but if the previous year the team went 14-2 and won the superbowl, then that is bad...

See how that works. The reality is everything about you and you people is bullshit and spin. You can't hold the failed republicans accountable for their failure, and you hate the fact that the democrats have done substantially better than all republicans for the past 30+ years.

You don't want to admit that the republicans have caused the majority of our debt and deficit, and it pains you to admit and accept that the republicans have cause this debt with their policies of blowing up the deficit every time.

I think republicans are weaklings, republicans can't admit truth and reality, because it pains them to admit it. Look at this election fraud bullshit, it has now been revealed that there was no fraud at all, and everybody knew and told Trump there was no fraud at all, yet how many trash republicans can actually admit that?

What do republicans have to do with our debate? Do you think I’m one? Lol.

Math isn’t hard. O had massive deficits every year of his reign. He added more to the national debt than any potus EVER!


Here’s how the rankings shake out for recent administrations, based on total amount of debt:

1. Barack Obama
   $9.3 trillion over 8 years
   ($1.1 trillion per year)
2. Donald Trump
   $7.8 trillion over 4 years
   ($1.9 trillion per year)
3. Joe Biden
   $3.7 trillion over 2 years, 3 months
   ($1.6 trillion per year)
4. George W. Bush
   $4.9 trillion over 8 years
   ($0.6 trillion per year)

 

[John Edgar Slow Horses]

What do republicans have to do with our debate? Do you think I’m one? Lol.

Math isn’t hard. O had massive deficits every year of his reign. He added more to the national debt than any potus EVER!


Here’s how the rankings shake out for recent administrations, based on total amount of debt:

1. Barack Obama
   $9.3 trillion over 8 years
   ($1.1 trillion per year)
2. Donald Trump
   $7.8 trillion over 4 years
   ($1.9 trillion per year)
3. Joe Biden
   $3.7 trillion over 2 years, 3 months
   ($1.6 trillion per year)
4. George W. Bush
   $4.9 trillion over 8 years
   ($0.6 trillion per year)

None of that good, and because of Bush was still have Tom Clancy's Jack Ryan fighting jihadists.

 

[The Banker]

What do republicans have to do with our debate? Do you think I’m one? Lol.

Math isn’t hard. O had massive deficits every year of his reign. He added more to the national debt than any potus EVER!


Here’s how the rankings shake out for recent administrations, based on total amount of debt:

1. Barack Obama
   $9.3 trillion over 8 years
   ($1.1 trillion per year)
2. Donald Trump
   $7.8 trillion over 4 years
   ($1.9 trillion per year)
3. Joe Biden
   $3.7 trillion over 2 years, 3 months
   ($1.6 trillion per year)
4. George W. Bush
   $4.9 trillion over 8 years
   ($0.6 trillion per year)

Total debt is a highly misleading stat when you inherit an economy with a trillion dollar deficit. Obviously you lack the 2nd level thinking to make the simple connection that I am explaining.

If the budget is balanced (or at $587B like in 2016 before Trump took over) at the beginning of your presidency, and then at the end of your presidency you have blown that up to world record deficit levels, which is exactly what Bush and Trump both did, that is a massive failure IRREGARDLESS of total debt. You are using total debt to manipulate and excuse what Bush and Trump did, trying to claim Obama was just as bad when he clearly was not.

Obama's total debt was only high because he inherited world record deficits, but he lowered them substantially and had lower deficits at the end of his presidency.

Clearly You lack the simple 2nd level thinking to see what is going on here and can only regurgitate, "but O had high total debt", which is not telling the full story. But i would not think you would ever display real intelligence. The people that are smart enough to see this simple 2nd level connection here excel in life, people like you who can not are losers.

 

[Toddsterpatriot]

None of that good, and because of Bush was still have Tom Clancy's Jack Ryan fighting jihadists.

Muslims were so peaceful before Bush. Bad Bush!