You are unemployed and want a new job, under a Democratic president you have a better chance of getting one!

[Mashmont]

Well then the answer is simple. Congress has been more competent during the periods when the Presidents were Democrats.

The Democrats who took Congress in early 2007 completely wrecked GW Bush's roaring economy.

 

[Luckyone]

Never included in leftwing statistics is the amount each of these groups pay in taxes. Doesn't it make sense that those who pay BY FAR the most in taxes should get the biggest tax cuts?

Get the biggest tax cuts, so they contribute the least?

That is the Right mentality. Then again, a nation is supposed to be a team concept. For example using a football team, the quarterback is paid the most but also is the one that contributes the most to the team winning.

As such, the rich should contribute the most and that does not mean they get the biggest tax cuts, just the opposite. They get the most money and as such, should contribute the most to the team.

Going one step further, what the team needs is health care, food, better living conditions, etc., and those require money to supply.

 

[Luckyone]

The Democrats who took Congress in early 2007 completely wrecked GW Bush's roaring economy.

How old are you by the way? You seem to be a child because your lack of knowledge is impressive

Democrats who took Congress in 2007 caused the recession? that is laughable

Bush administration was characterized by significant income tax cuts in 2001 and 2003, the implementation of Medicare Part D in 2003, increased military spending for two wars, a housing bubble that contributed to the subprime mortgage crisis of 2007–2008, and the Great Recession that followed.

Tax cuts, military spending and a housing bubble (caused by banks loaning money easily) was what caused that great recession. None of this was caused by Congress.

Which three factors led to the Great Recession of 2008?

The major causes of the initial subprime mortgage crisis and the following recession include lax lending standards contributing to the real-estate bubbles that have since burst; U.S. government housing policies; and limited regulation of non-depository financial institutions.

Oh and by the way, it was a Democratic President (Obama) that brought us out of the Great Recession!

 

[Hector12]

Never included in leftwing statistics is the amount each of these groups pay in taxes. Doesn't it make sense that those who pay BY FAR the most in taxes should get the biggest tax cuts?

Not when they already have most of the money, and when the national debt is growing.

 

[Toddsterpatriot]

As always, data does not support your claims. This data goes back 50 year and covers 8 different presidents

View attachment 1021056

This data goes back 50 year and covers 8 different presidents

Now add the data for the House and Senate.

 

[Toddsterpatriot]

Get the biggest tax cuts, so they contribute the least?

After the tax cuts, they still pay the most.

 

[protectionist]

View attachment 1020934

NO! They benefit only 2.6%. Lower classes benefitted 3 & 4%.

But this is why you guys love us conservatives so much. Becaus we're so good for the poor & working class. Like when Trump was pres, unemployment fpr blacks, Hispanics, Asians, & people without a high school diploma, was th lowest in US history. Median wage was highest in US history.

And inflation was only 1.4% when Trump left office. And it for zero doe much of his presidency. And prices are 100-200% higher in rental housing & gas at the pump. Still very high for food too (and still rising).

Ahhh, the good ole days (2017-2020).

 

[protectionist]

Not when they already have most of the money, and when the national debt is growing.

Well we need not fret, since they (the rich) did NOT get the biggest tax cut.

How old are you by the way? You seem to be a child because your lack of knowledge is impressive

Democrats who took Congress in 2007 caused the recession? that is laughable

Bush administration was characterized by significant income tax cuts in 2001 and 2003, the implementation of Medicare Part D in 2003, increased military spending for two wars, a housing bubble that contributed to the subprime mortgage crisis of 2007–2008, and the Great Recession that followed.

Tax cuts, military spending and a housing bubble (caused by banks loaning money easily) was what caused that great recession. None of this was caused by Congress.

Which three factors led to the Great Recession of 2008?

The major causes of the initial subprime mortgage crisis and the following recession include lax lending standards contributing to the real-estate bubbles that have since burst; U.S. government housing policies; and limited regulation of non-depository financial institutions.

Oh and by the way, it was a Democratic President (Obama) that brought us out of the Great Recession!

And then gave us SEVEN recessions during his presidency. THREE more from Biden. Plus many quarters of below zero GDP from these guys.

United States GDP Growth Rate

The Gross Domestic Product (GDP) in the United States expanded 3 percent in the second quarter of 2024 over the previous quarter. This page provides the latest reported value for - United States GDP Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term...

tradingeconomics.com

 

[Luckyone]

NO! They benefit only 2.6%. Lower classes benefitted 3 & 4%.

But this is why you guys love us conservatives so much. Becaus we're so good for the poor & working class. Like when Trump was pres, unemployment fpr blacks, Hispanics, Asians, & people without a high school diploma, was th lowest in US history. Median wage was highest in US history.

And inflation was only 1.4% when Trump left office. And it for zero doe much of his presidency. And prices are 100-200% higher in rental housing & gas at the pump. Still very high for food too (and still rising).

Ahhh, the good ole days (2017-2020).

BS on the inflation issue. You are blind by choice

 

[protectionist]

Get the biggest tax cuts, so they contribute the least?

That is the Right mentality. Then again, a nation is supposed to be a team concept. For example using a football team, the quarterback is paid the most but also is the one that contributes the most to the team winning.

As such, the rich should contribute the most and that does not mean they get the biggest tax cuts, just the opposite. They get the most money and as such, should contribute the most to the team.

Going one step further, what the team needs is health care, food, better living conditions, etc., and those require money to supply.

BS on the inflation issue. You are blind by choice

The rich do contribute the most in taxes, by far.

As for health care, food, better living conditions, etc., thosehave been shredded by Biden.Haris over the last 3.5 years, or are you so blinded by leftist media, that you cant see that,

I dont need media, too see it. My rent went from $600/mo in 2020, to $1600/mo in 2024
(167% inflation).
Gas prices more doubled.
Food waaay up, and still rising.

 

[protectionist]

BS on the inflation issue. You are blind by choice

1.4% when Trump left office.
On the moon 2021-2022.

United States Inflation Rate

Inflation Rate in the United States decreased to 2.50 percent in August from 2.90 percent in July of 2024. This page provides - United States Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

tradingeconomics.com

 

[Luckyone]

And then gave us SEVEN recessions during his presidency. THREE more from Biden. Plus many quarters of below zero GDP from these guys.

Are you truly blind by choice or just plain dumb?

SEVEN recessions during his presidency? THREE more from Biden. Plus many quarters below Zero GDP from these guys?

My gawd, I am going to have to stop reading and answering your posts are they are pure blind biased ignorance.

What is the simplest definition of a recession?

The NBER's Business Cycle Dating Committee defines a recession as “a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in production, employment, real income, and other indicators.

There have only been TWO recessions in the last 17 years:

The Great Recession: December 2007–June 2009​

• Duration: Eighteen months
• GDP decline: 4.3%
• Peak unemployment rate: 9.5%
• Reasons and causes: The nationwide downturn in U.S. housing prices triggered a global financial crisis, a bear market in stocks that had the S&P 500 down 57% at the lows, and the worst economic downturn since the recession of 1937-38.40 Global investment flows into the U.S. had kept market rates low, likely encouraging unscrupulous mortgage underwriting and mortgage-backed securities marketing practices.41 Oil prices spiked to record highs by mid-2008 and then crashed, depressing the U.S. oil industry. Dropping oil and commodity prices led to deflation and strained the U.S. economy.

The COVID-19 Recession: February 2020–April 2020​

• Duration: Two months
• Reasons and causes: The COVID-19 pandemic spread to the U.S. in March 2020, and the resulting travel and work restrictions caused employment to plummet, triggering an unusually short but sharp recession.42 The unemployment rate climbed from 3.5% in February 2020 to 14.7% in April 2020 but was back below 4% by the end of 2021, capped by $5 trillion in pandemic relief spending.1743 In addition, quantitative easing by the Federal Reserve expanded its balance sheet from $4.1 trillion in February 2020 to nearly $9 trillion by the end of 2021, complementing a federal funds rate that remained near zero until March 2022.44
  Board of Governors of the Federal Reserve System. "Recent Balance Sheet Trends."
  

There has only been 1 quarter of below zero in the Biden presidency

I have now decided that I will not be answering any of your totally biased and misinformed posts.

 

[TruthNotBS]

Corporations consist of thousands, even hundreds of thousands of people

Your idea of Mr Boeing raking in millions for his next vacation is laughable

Corporations aren't controlled or owned by those who work them, but by a small class of wealthy ruling elites. The rich who you worship, like Elon Musk and others, receive all of the government assistance for their privately owned ventures but when the working class want their government to help them (invest in their success and lives), it's automatically framed and defined as "Look at these lazy bums who don't want to work and support themselves, living off of the govnmnt"..."You just want to live off of the govnmnt". If the wealthy ruling class can get their privately owned business enterprises sponsored, in many ways, by the "govnmnt", then working class people can also have the "govnmnt" invest in them, assisting them, however it can, to help them become more productive, healthier, secure, successful..etc.

What's good for the goose, is good for the gander. If the rich can get socialism, so can the working-class. Again, all of you right-wing conservative Republicans, who are constantly crapping on the notion of the government investing resources in the American people, are hypocrites. The irony is that many of you are of the working-class, even if you're in your 70s and 80s, and retired. You're likely receiving Social Security, Medicare..etc, and you still have the gall, the audacity to crap on those who are in the workforce, and assert their rights as workers and expect their government to serve them too, not just the rich and powerful employers/exploiters.

 

[Mashmont]

Get the biggest tax cuts, so they contribute the least?

That is the Right mentality. Then again, a nation is supposed to be a team concept. For example using a football team, the quarterback is paid the most but also is the one that contributes the most to the team winning.

As such, the rich should contribute the most and that does not mean they get the biggest tax cuts, just the opposite. They get the most money and as such, should contribute the most to the team.

Going one step further, what the team needs is health care, food, better living conditions, etc., and those require money to supply.

They already do contribute by far the most. How is it unjust they get the biggest amount of a tax cut? What's grossly unfair is the rich paying a higher percentage as well as a higher dollar amount.

 

[Hector12]

They already do contribute by far the most. How is it unjust they get the biggest amount of a tax cut? What's grossly unfair is the rich paying a higher percentage as well as a higher dollar amount.

What is grossly unfair is that the rich have as much money as they do after paying taxes.

 

[Toddsterpatriot]

What is grossly unfair is that the rich have as much money as they do after paying taxes.

We should take their money and just kill them......for fairness.

 

[Mashmont]

How old are you by the way? You seem to be a child because your lack of knowledge is impressive

Democrats who took Congress in 2007 caused the recession? that is laughable

Bush administration was characterized by significant income tax cuts in 2001 and 2003, the implementation of Medicare Part D in 2003, increased military spending for two wars, a housing bubble that contributed to the subprime mortgage crisis of 2007–2008, and the Great Recession that followed.

Tax cuts, military spending and a housing bubble (caused by banks loaning money easily) was what caused that great recession. None of this was caused by Congress.

Which three factors led to the Great Recession of 2008?

The major causes of the initial subprime mortgage crisis and the following recession include lax lending standards contributing to the real-estate bubbles that have since burst; U.S. government housing policies; and limited regulation of non-depository financial institutions.

Oh and by the way, it was a Democratic President (Obama) that brought us out of the Great Recession!

It was the housing bubble that caused the recession. Democrat-run Fannie Mae and Freddie Mac approved thousands of bad loans to unqualified borrowers and based trillions of dollars of faulty instruments on those bad loans.

Please remove this thread. I am sick and tired of seeing this lying title on my recents.

 

[Hector12]

We should take their money and just kill them......for fairness.

We need them, but we do not need them to be as rich as they are. I would rather the government spend that money of fighting global warming, and stuff like that.

 

[Mashmont]

How old are you by the way? You seem to be a child because your lack of knowledge is impressive

Democrats who took Congress in 2007 caused the recession? that is laughable

Bush administration was characterized by significant income tax cuts in 2001 and 2003, the implementation of Medicare Part D in 2003, increased military spending for two wars, a housing bubble that contributed to the subprime mortgage crisis of 2007–2008, and the Great Recession that followed.

Tax cuts, military spending and a housing bubble (caused by banks loaning money easily) was what caused that great recession. None of this was caused by Congress.

Which three factors led to the Great Recession of 2008?

The major causes of the initial subprime mortgage crisis and the following recession include lax lending standards contributing to the real-estate bubbles that have since burst; U.S. government housing policies; and limited regulation of non-depository financial institutions.

Oh and by the way, it was a Democratic President (Obama) that brought us out of the Great Recession!

0bama dug us in deeper. Then the economy naturally rebounded despite 0bama's damage.

 

[protectionist]

Are you truly blind by choice or just plain dumb?

SEVEN recessions during his presidency? THREE more from Biden. Plus many quarters below Zero GDP from these guys?

My gawd, I am going to have to stop reading and answering your posts are they are pure blind biased ignorance.

What is the simplest definition of a recession?

The NBER's Business Cycle Dating Committee defines a recession as “a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in production, employment, real income, and other indicators.

There have only been TWO recessions in the last 17 years:

The Great Recession: December 2007–June 2009​

• Duration: Eighteen months
• GDP decline: 4.3%
• Peak unemployment rate: 9.5%
• Reasons and causes: The nationwide downturn in U.S. housing prices triggered a global financial crisis, a bear market in stocks that had the S&P 500 down 57% at the lows, and the worst economic downturn since the recession of 1937-38.40 Global investment flows into the U.S. had kept market rates low, likely encouraging unscrupulous mortgage underwriting and mortgage-backed securities marketing practices.41 Oil prices spiked to record highs by mid-2008 and then crashed, depressing the U.S. oil industry. Dropping oil and commodity prices led to deflation and strained the U.S. economy.

The COVID-19 Recession: February 2020–April 2020​

• Duration: Two months
• Reasons and causes: The COVID-19 pandemic spread to the U.S. in March 2020, and the resulting travel and work restrictions caused employment to plummet, triggering an unusually short but sharp recession.42 The unemployment rate climbed from 3.5% in February 2020 to 14.7% in April 2020 but was back below 4% by the end of 2021, capped by $5 trillion in pandemic relief spending.1743 In addition, quantitative easing by the Federal Reserve expanded its balance sheet from $4.1 trillion in February 2020 to nearly $9 trillion by the end of 2021, complementing a federal funds rate that remained near zero until March 2022.44
  Board of Governors of the Federal Reserve System. "Recent Balance Sheet Trends."

There has only been 1 quarter of below zero in the Biden presidency

I have now decided that I will not be answering any of your totally biased and misinformed posts.

Guess how many times I have shot down the exact same foolish LeftMedia inspired NONSENSE that you just posted ? 10 ? 20 ? 30 ?

It doesnt matter, because no matter how many times I completely refute it, more leftists )who only get leftwing media DISinformation) show up, spouting their revisions to longtime established definitions.

When leftists don't like the truth, they have a consistent remedy. They REVISE it, and then pronounce their new concocted "definitions".

The definition if a recession, the Shiskin definition has been established in America since 1974. I taught it in college myself 50 years ago, and it has been taught consistently for almost that long.

Then, along came the recession makers, Obama and Biden. 7 for Obama, 3 for Biden, and Democrats said "Uh Oh. We have to do something about this." Suddenly the media, universities think tanks, and other entities of the conniving left, started piping out definitions of a recession that erase away the 10 recessions of Obama and Biden.

Fortunately, there are enough Republicans and Independents not snookered by leftwing revisionism, to remain attached to the Shiskin definition of a recession, rather than accede to whatever leftists are comfortable with.

So for whomever is in need of it, the Shiskin definition of a recession is a 3 quarter time when GDP growth declines in 2 consecutive quarters. Simple as that.

Recession: Definition, Causes, Effects & Solutions

In economics, a recession means a decline in economic growth. More specifically, it is when an economy experiences two consecutive quarters of economic decline.

boycewire.com

United States GDP Growth Rate

The Gross Domestic Product (GDP) in the United States expanded 3 percent in the second quarter of 2024 over the previous quarter. This page provides the latest reported value for - United States GDP Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term...

tradingeconomics.com

Recessions

Obama had 7 recessions during his time in office.

2010 Q2 - 3.9%
2020 Q3 - 3.1%
1. 2010 Q4 - 2.1%
2. 2011 Q1 - 0.9% > 2 recessions

2011 Q4 - 4.6%
2012 Q1 - 3.4%
1. 2012 Q2 - 1.8%
2. 2012 Q3 - 0.6% > 2 recessions

2014 Q2 - 5.3%
2014 Q3 - 5.0%
1. 2014 Q4 - 2.0% > 1 recession

2015 Q1 - 3.6%
2015 Q2 - 2.5%
1. 2015 Q3 - 1.6%
2. 2015 Q4 - 0.7% > 2 recessions

Total # of Obama recessions - 7

Most recently we had >>
2023 Q3 - 4.9
2023 Q4 - 3.4
2024 Q1 - 1.3

Before that >>

(2022 Q3... 2.7
2022 Q4....2.6.
2023 Q1....2.2
2023 Q2...2.1
(ie. 2 more recessions)
Total of 3 recessions under Biden

And completing the Biden economy nightmare, right before these 2 consecutive recessions, were 2 consecutive quarters of BELOW ZERO GDP >
2022 Q1 ......MINUS 2
2022 Q2..... MINUS 0.6.

And all that mixed with 100-200% inflation in rental housing & gas prices. Unimaginable before Biden/Harris took over. Still difficult to comprehend, even now.

This is about as bad as it gets, folks.