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

[Luckyone]

You certainly made a statement about Reagan and did not provide proof

You want proof that Reagan inherited inflation from Carter? Or that inflation was ended?

No, I am well aware of what Carter did. He was a very bad president. Reagan did end inflation by giving tax cuts. What I said though, is that Reagan's recovery was small (compared to Obama's)

Obama took over on January 2009

The Dow opened at 8279 on the day he took over.

When Reagan took office, the DOW was at 947 and 4 years later, it was at 1201,

Reagan was in office for 8 years, not 4.

I am well aware of that but in the first 4 years, he was not able to make the economy recover very much and that means he was not all that good.

 

[Faun]

Disagree. mass deportations would be GOOD for AMERICANS with them getting back into jobs now taken by illegal foreigners. That is in addition to all the things listed in Post # 487.


I was employed at Sam Ash for 2 years as a guitar instructor. This was in 2020 & 2021. I saw sales plummet simultaneously as rents skyrocketed.
It wasn't the internet, Only a dunce buys musical instruments online, without touching, feeling, and hearing them.

Yes, it's the Internet. The internet is where the bulk of their revenue cones from. They're not going out of business. They're still open online. Many retail chains have been making this change from even before covid.

 

[Luckyone]

The only thing you have proven is that you are either a bald faced liar, or a total jerk who tries to contradict government statistics.

I taught microeconomics in college for 3 years, but an 8th grade kid could refute you with ease.

Obama had 7 recessions and the proof is in the very often declining GDPs. What Trump got from Obama was an economically failed administration, riddled with 7 recessions (I will itemize them if you like), 5 below zero GDP quarters, and a row of GDPs in his last 2 years that were like a sinking ship. > (the left side of the infamous V-GRAPH always omitted on CNN, MSNBC, et al leftwing media.)

I doubt that you can even ascetain where there are recessions, by looking at the GDP graphs. Here's 2 of those recessions right here in the V-GRAPH >>

View attachment 1002122

View attachment 1002123

From GOLDMAN SACHS!

 

[TruthNotBS]

Here protectionist, I found a few more you might like, and a car that is perfect for you to drive today if you find it:

 

[Faun]

The only thing you have proven is that you are either a bald faced liar, or a total jerk who tries to contradict government statistics.

I taught microeconomics in college for 3 years, but an 8th grade kid could refute you with ease.

Obama had 7 recessions and the proof is in the very often declining GDPs. What Trump got from Obama was an economically failed administration, riddled with 7 recessions (I will itemize them if you like), 5 below zero GDP quarters, and a row of GDPs in his last 2 years that were like a sinking ship. > (the left side of the infamous V-GRAPH always omitted on CNN, MSNBC, et al leftwing media.)

I doubt that you can even ascetain where there are recessions, by looking at the GDP graphs. Here's 2 of those recessions right here in the V-GRAPH >>

View attachment 1002122

View attachment 1002123

Sadly, gramps, you're batshit senile.

What Is a Recession?

A recession is a significant, widespread, and prolonged downturn in economic activity. A common rule of thumb is that two consecutive quarters of negative gross domestic product (GDP) growth indicate a recession. However, more complex formulas are also used to determine recessions.​

And 3 consecutive such quarters do not count as 2 recessions.

 

[Obiwan]

Luckyone

It did, doesn’t explain how they were created. Post something from it that shows one thing they did

Well, they apparently DID create 818,000 fake jobs between March '23 and March '24, but they got caught and had revise their numbers down to reflect the true situation.

 

[TruthNotBS]

No, I am well aware of what Carter did. He was a very bad president. Reagan did end inflation by giving tax cuts. What I said though, is that Reagan's recovery was small (compared to Obama's)


I am well aware of that but in the first 4 years, he was not able to make the economy recover very much and that means he was not all that good.

Reagan ended stagflation the wrong way, through supply-side, trickle-down economics, gutting our manufacturing base and stripping the working class of their right to effectively unionize and negotiate. Under Reagan's leadership in the 1980s, there was a shift towards a more laissez-faire approach to the economy, which always has disastrous outcomes in the long term for the working class.

• National Debt at the beginning of Reagan's presidency (January 1981): Approximately $930 billion.
• National Debt at the end of Reagan's presidency (January 1989): Approximately $2.7 trillion.

The so-called "national debt" that conservative Republicans are always raving about today, nearly tripled during Reagan's presidency, increasing by around $1.7 trillion. This significant increase was driven by a combination of tax cuts, increased military spending, and large budget deficits.

​

Jimmy Carter took office in 1977, he inherited a challenging economic situation characterized by stagflation, a combination of high inflation, high unemployment, and stagnant economic growth. This economic malaise had roots in several factors, including the Vietnam War and the 1973 OPEC oil embargo.

1. Vietnam War: The prolonged Vietnam War put significant strain on the U.S. economy. The war's costs led to large government deficits, contributing to inflation. Additionally, the war diverted resources from domestic needs, which hindered economic growth.
2. 1973 OPEC Oil Embargo: In response to U.S. support for Israel during the Yom Kippur War in 1973, the Organization of Petroleum Exporting Countries (OPEC) imposed an oil embargo on the United States and other nations that supported Israel. This embargo led to a severe oil shortage, causing energy prices to skyrocket. The sharp increase in oil prices contributed to inflation and slowed economic growth, as energy is a critical input for most industries.
3. Stagflation: The combination of these factors resulted in stagflation, a situation where inflation was high, but economic growth was slow, and unemployment was also high. Stagflation is particularly difficult to address because the traditional tools to combat inflation (like raising interest rates) can exacerbate unemployment, while measures to stimulate growth (like increasing government spending) can worsen inflation.

If Carter had adopted a more leftist or socialist approach to addressing stagflation, his policies might have included the following:

1. Nationalization of Key Industries

Energy Sector

Carter could have nationalized the oil and energy industries to control prices and stabilize supply, ensuring that essential resources were managed in the public interest rather than for corporate profit. This move would have aimed to prevent price gouging and reduce reliance on foreign oil, particularly in the wake of the 1973 OPEC oil embargo. He could've also improved relations with Arab countries after America's blind support for Israel in 73, improving oil prices for the American consumer.

2. Price Controls and Wage Regulation

Price Controls:

To combat inflation, Carter might have implemented strict price controls on essential goods and services, ensuring that corporations could not arbitrarily increase prices. This would have helped to keep living costs stable for ordinary Americans.

Wage Policies:

Carter could have introduced policies to raise wages across the board, such as a significant increase in the minimum wage or a living wage mandate. These measures would have increased consumer purchasing power, helping to stimulate economic growth.

3. Massive Public Works Programs

Government Employment Programs:

Drawing inspiration from the New Deal, Carter could have launched large-scale public works programs to create jobs and invest in infrastructure, renewable energy, and public housing. These initiatives would have provided employment, stimulated demand, and addressed long-term economic needs.

4. Creating A Social Safety Net for The Working-Class

Healthcare:

Universal Healthcare: Implementing a universal healthcare system would have removed the burden of healthcare costs from individuals and businesses, freeing up disposable income and reducing inflationary pressures.

Social Safety Nets:

Expanding social security, unemployment benefits, and other welfare programs would have provided financial security for those hit hardest by economic challenges, stabilizing the economy by maintaining consumer demand.

5. Progressive Taxation and Equitable Economic Policy

Increased Taxes on the Wealthiest Members Of Society:

Carter could have reintroduced the high marginal tax rates seen in the 1950s and 60s, where the top marginal tax rate was as high as 91%. This would have generated substantial revenue for public programs while reducing income inequality.

Fair Economic Distribution:

Carter might have framed these policies as "equitable economic policy," ensuring that the benefits of economic growth were shared more fairly across society, not just among the rich and powerful.

6. Comprehensive Economic Planning

Rather than leaving the economy to blind market forces (Adam Smith's imaginary "invisible hand of the free market"), Carter could have established a central economic planning body to coordinate investment, production, and distribution. This would have aimed to create a more stable and equitable economy, focused on long-term goals rather than short-term profits.

Empowering Workers:

Increasing support for labor unions and encouraging worker cooperatives would have given workers a greater say in how businesses were run and profits were shared, contributing to a more balanced economy.

7. International Solidarity and Trade Policy

Following China's Model:

China, under the leadership of the Communist Party, implemented gradual reforms that maintained strong state control over key sectors of the economy. This approach has allowed China to achieve remarkable economic growth and stability over the past few decades.

Avoiding Russia's Mistakes Of The 1990s:

In contrast to China, Russia's experience in the 1990s illustrates the dangers of abandoning state control of certain industries. Under the "Shock Therapy" economic program, Russia rapidly privatized state assets, leading to economic collapse and widespread poverty. By maintaining stronger state control of the major centers of economic power (the industries vital to the nation's infrastructure) and implementing gradual reforms, Carter could have quickly gotten us out of stagflation, but he decided to "pussyfoot" on the economy, essentially doing nothing effective. Reagan's actions got us out of stagflation and created a whole new crisis.

​

 

[jc456]

Nope. Democrats voted to let Bush decide. No one could have known he would lie us into a war.

that's not how it works. Need congressional approval. sorry you don't know how the system works. but you are a demofk.

 

[TruthNotBS]

• 

Reactions:jc456

How is what I said, "fake news"? Explain, go ahead.

 

[jc456]

• 

Reactions:jc456

How is what I said, "fake news"? Explain, go ahead.

the post

 

[TruthNotBS]

the post

How in your opinion, what I said is wrong? Don't run away like a coward, debate me. Why do you consider what I said in that post, "fake news"? Go ahead.

 

[Faun]

that's not how it works. Need congressional approval. sorry you don't know how the system works. but you are a demofk.

That's exactly how it works. Here's the text from the resolution that they voted for...

Authorization for Use of Military Force Against Iraq Resolution of 2002

(a) AUTHORIZATION.—The President is authorized to use the Armed Forces of the United States as he determines to be necessary and appropriate in order to—
(1) defend the national security of the United States against the continuing threat posed by Iraq; and
(2) enforce all relevant United Nations Security Council resolutions regarding Iraq.
(b) PRESIDENTIAL DETERMINATION.—In connection with the exercise of the authority granted in subsection (a) to use force the President shall, prior to such exercise or as soon thereafter as may be feasible, but no later than 48 hours after exercising such authority, make available to the Speaker of the House of Representatives and the President pro tempore of the Senate his determination that—
(1) reliance by the United States on further diplomatic or other peaceful means alone either (A) will not adequately protect the national security of the United States against the continuing threat posed by Iraq or (B) is not likely to lead to enforcement of all relevant United Nations Security Council resolutions regarding Iraq; and
(2) acting pursuant to this joint resolution is consistent with the United States and other countries continuing to take the necessary actions against international terrorist and terrorist organizations, including those nations, organizations, or persons who planned, authorized, committed or aided the terrorist attacks that occurred on September 11, 2001.​

 

[jc456]

How in your opinion, what I said is wrong? Don't run away like a coward, debate me. Why do you consider what I said in that post, "fake news"? Go ahead.

you're not intelligent enough to understand the explanation, because you are a demofk, a sheep and willfully stupid.

You have no idea how taxes work

 

[jc456]

That's exactly how it works. Here's the text from the resolution that they voted for...

Authorization for Use of Military Force Against Iraq Resolution of 2002​

​

(a) AUTHORIZATION.—The President is authorized to use the Armed Forces of the United States as he determines to be necessary and appropriate in order to— ​

(1) defend the national security of the United States against the continuing threat posed by Iraq; and ​

(2) enforce all relevant United Nations Security Council resolutions regarding Iraq. ​

(b) PRESIDENTIAL DETERMINATION.—In connection with the exercise of the authority granted in subsection (a) to use force the President shall, prior to such exercise or as soon thereafter as may be feasible, but no later than 48 hours after exercising such authority, make available to the Speaker of the House of Representatives and the President pro tempore of the Senate his determination that— ​

(1) reliance by the United States on further diplomatic or other peaceful means alone either (A) will not adequately protect the national security of the United States against the continuing threat posed by Iraq or (B) is not likely to lead to enforcement of all relevant United Nations Security Council resolutions regarding Iraq; and ​

(2) acting pursuant to this joint resolution is consistent with the United States and other countries continuing to take the necessary actions against international terrorist and terrorist organizations, including those nations, organizations, or persons who planned, authorized, committed or aided the terrorist attacks that occurred on September 11, 2001.​

where did that originate?

 

[TruthNotBS]

you're not intelligent enough to understand the explanation, because you are a demofk, a sheep and willfully stupid.

You apparently don't have a rational argument against anything I said in that post, so you resort to cheap insults. Now every reasonable person can see who's actually spreading "fake news". You.

 

[jc456]

You apparently don't have a rational argument against anything I said in that post, so you resort to cheap insults. Now every reasonable person can see who's actually spreading "fake news". You.

anyone who uses phrases like trickle down, is too stupid to know how taxes work

 

[Luckyone]

Luckyone

Well, they apparently DID create 818,000 fake jobs between March '23 and March '24, but they got caught and had revise their numbers down to reflect the true situation.

You really have no idea what you are talking about. I suggest you do some research before you open your mouth to say such idiotic and misinformed things (they apparently created 818,000 fake jobs and they got caught)

BLS collects, calculates, analyzes, and publishes data essential to the public, employers, researchers, and government organizations. The Bureau of Labor Statistics measures labor market activity, working conditions, price changes, and productivity in the U.S. economy to support public and private decision making.

The Bureau of Labor Statistics collects information from employers and those employers do not always report things correctly. Once a year they review all the monthly reports and they adjust the numbers to what the full information actually is. There have years where they have shown an increase over what the monthly numbers were. Does that mean that the government underreported the numbers "on purpose"?

Apart from the fact that you are misinformed because you did no research, it seems you also have no common sense, These numbers are not attached in any way to the government, other than reporting of government employees, which is a small number.

Get informed

 

[Faun]

where did that originate?

Congress. They left determination to invade up to Bush's discretion. Can't you read English?

 

[jc456]

Congress. They left determination to invade up to Bush's discretion. Can't you read English?

hahahaahahahahahahaha. can't make it up. Came from Congress, authorization. Do you know what that actually means?

 

[GWV5903]

creating

1. bring (something) into existence that was not there before

Avoiding the truth doesn’t answer the question, you’re weak ass crap…