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You failed to mention that Bush handed Obama close to a recession when he left. But no big deal...
So how does GDP, and especially personal consumption, drop when the stock market goes up and the housing market goes up? And not by just a little.
Oh, and "Worst economic growth in history" is a tad strong since there was that little thing called a Depression. And there might have been a second Depression if Obama didn't taken a lot of the measures he did...thanks to Bush.
Just tryin to get some of the lipstick off the...never mind.
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hardly ^^^
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Upfront I'm a Trump supporter, conflict of interest disclosed.
This country is in big time trouble if economic growth as measured by GDP doesn't get to 3% or better.
Social Security broke by 2034, 17-years. Medicare before that.
The government spends about 1/2 trillion per year than it brings in. This cannot continue.
I commend Trump for trying something.
By the way Governor Brown signed a law to take $5.2 Billion out of California taxpayers pockets to fix roads, etc. since most things move by trucks in this country, everything is going to go up in price.
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Let's be a little more accurate about who added how much to the deficit (see link). And what makes more sense, total amount added to the deficit or percent increase in the deficit...probably an argument for a later time.
Finally, when the stock market and housing are doing good, consumption and debt load usually rise (usually dragging GDP up too). But not last quarter. You can try to blame "high real unemployment" but it didn't markedly drop from last year to last quarter. So why the GDP slowdown?
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And so the pendulum swings back and forth back and forth. Democrat republican democrat republican. And nothing changes. Wish you all would get your heads out of your asses and realize it doesn't matter if an R or a D is in office, you're going to get bent over regardless.
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Never mind that Clinton is the one that Killed Glass-Steagall which probably lead to at least the 2007 crash and the current guillotine hanging over the Countries neck.
The current amount of Derivatives that US and European banks are holding backed by QE Vapor is going to create an exponential effect on the world economy during the next correction.
It is not going to be some hayride though the pumpkin patch.
No matter who the quote "President" now is the Soul has already been sold to the Devil by both sides and it will be soon collected. Hopefully after I can get out of Dodge....
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Heinlein being so prolific happens to be be the single most read author of mine. From his boy scout stories to his memories etc....
TANSTAAFL
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You all miss something.
The Dollar means nothing. It's a Federal Reserve Note. The printing machines print so many they even don't know where it goes.
All this debt is a joke. Try to give yourself a trillion budget and try to spend it. Report back to me before I die.
Ghadaffi died, because he did not want to be paid in dollars. He did more for his people then any President has done for us. Hussein died because he had enough of the dollar. Both were evil dictators so we say.
7000 of our soldiers dead over 100.000 wounded physically and mentally, 22 veterans per day commit suicide in the greatest country on earth a country we cal for We The People.
The 5% unemployment is a lie it's easy 20%. Jobs created are all low paying jobs, the only industry that does well are the legalized thieves and criminals, Banks and Insurances. Most people live of a credit card. Look at the total of credit card debt and you know how rich we are. Rent is killing people and creating homelessness.
Who cares who is in the White House. Nobody in tt lace has done anything but helping the Banks to get more power. End The United States Long Live the Republic of California and put Jerry Brown in jail!
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To be fair WK, that quote was from Heinlein's final book, and the quote itself came from a character, Maureen, who lived in alternate historical realities.
That book has a wide variety of views, all based on actual historical events that have been reimagined. And this quote was her counterpoint discarding another point of view from her brother in law.
In my opinion, Heinlein, was all over the place in his political philosophy later in life. His earlier works were more in tune with thoughtful reality.
When considering him, I would definitely not quote something from his science fiction books as they come from a huge amount of context, but something he actually stated about his approach to writing and relationships.
I also think it is pertinent to every one of these political discussions here:
"I never learned from someone I agreed with" - Robert A. Heinlein
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It's useless at this point to attempt to say who created more debt than another. probably each new President will take the lead.
The fact of the matter is; if the economy doesn't grow we'll always be in increasing debt.
This debt or interest payment will because just as large as the outlay for defense, social security, medicare etc.
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My right wing friends and family love to point out how much debt spending Obama did, and yes, when trying to save the nation (and perhaps the world) from a crisis threatening to turn from a recession to a depression, there was a lot of it, started by Bush and continued by Obama, so there's a big spike there. Then it went down each year until toward the end of Obama's term, it was certainly not where Clinton had it (surpluses!) and not even quite where Bush got it a couple years before the crisis, but lower than just about any time other than that. But all my R friends see is the spike and blame Obama and cite it as proof he was the worst president ever. That's patently ridiculous. And of course, that's not all a President's doing either. Congress has the major hand int hat, as they handle the legislation and appropriations. It's also not the Dems who generally run up the deficits. Compare what's going on now in California with the trickle-down disaster in Kansas. Reps generally love tax cuts but seldom pay for them. Dems generally love spending, and often raise taxes to do it. Which is better we can argue about all day, but deficit spending in general is something people seem to have ass backward. Hopefully, attaching a graph from a recent article in Bloomberg that illustrates this (to show where they predict Trumps deficits will be - which though it pains me to say this because I despise him with all of my being, aren't as alarming as everyone makes out):
If it doesn't paste or link correctly, here's the location of the article:
https://www.bloomberg.com/politics/articles/2017-04-27/trump-s-corporate-tax-rewrite-faces-major-obstacle-its-cost
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Bring that fucker back!
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^^^Let's be a little more accurate...
"Bring that sucker back!"
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Still Clinton is the one that released the banks requiring Obama to go nuclear to save what he could....
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Lol....at shills and trolls copying and pasting information they think they know about. 
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Yah! Lets all base our view of political philosophy and governance on science FICTION.
No wonder we are fucked. Our fate is in the hands of people who think the fiction of Ayn Rand was genius and the ideas of fictional characters represent real strategies.
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Only Trump can save the economy.
Trump will give the 1% a massive tax cut. Then the economy will grow by leaps and bounds like it did under W, Bush 1, and Reagan. The best part is national debt will be eliminated.
Reagan eliminated the debt by tripling it and the lying about it.
Bush 1 knew the debt was headed for catastrophic levels and signed a tax increase. The GOP cut his throat.
W doubled the national debt and tanked the world economy.
Only Trump has a magic wand to wipe out the debt.
He did it with his Casinos. He can lead us into national bankruptcy and solve everything.
| Attached Pictures | | Why Not Gamble with the United States? |  |
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U went bold on this motherfucker nice
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Fubar, don't you remember 2007 when W tanked the economy? Next month Trump gets to appoint the Chairman of the FED and FIVE of the seven members.
They will be running the economy! Do you think he will pick anything but Wall Street Bankers?
They will fix the economy for their benefit and drop all regulation of the big banks.
I cannot wait to see how this baboon destroys the economy.
| Attached Pictures | | Goldman Sach's Bitch |  |
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| There are 19 comments on this blog. |
