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Old Yesterday, 06:25 PM
 
15,850 posts, read 4,194,571 times
Reputation: 11307

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Quote:
Originally Posted by Grlzrl View Post
No, you are a blind partisan if you think that recession was all on GWB.
There are sins of commission and sins of omission. A POTUS is about the only person who can stop the bad train in its tracks.

GWB was not only unqualified to do anything much, but he also bought (probably out of greed and ignorance) the Republican lines of "damn all the torpedoes, get the money".

This was evident when the BLM (oil control lands people) were caught with sex and drug parties with industry. All the Fossil Fuel people were celebrating.

If a Parent is not closely watching their kid and the kid runs into the street and is hit by a vehicle...whose fault is it? The Parent, being a Parent, was supposed to overlook the whole situation. Sure, the driver might have paid better attention (and Wall Street might have been less selfish, and banks too, etc.), but in the end there is a culture set from the Top.

And GWB believed in that same culture that has led the US to Ruin many a time.

One doesn't have to be a partisan to see that when events of many years during a LONG term all add up to destruction....that the administration has the single largest degree of responsibility.

From joy rides on submarines that killed dozens to sex/drug parties of oil and BLM to the "they can regulate themselves" Republican tag lines...it took a LOT to make the Great Recession. Most of that was LACK of Regulation, yet Republicans still today cheer about the same idea!

If the GOP had said "you know, we were wrong.....we need MORE regulations in this country", then I could buy what you are selling. But since they always brag about rolling back regs of any kind.....it falls on deaf ears.
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Old Yesterday, 06:27 PM
 
1,894 posts, read 480,623 times
Reputation: 1718
What goes up must come down. Has no one learned anything from the last recession? The economy has been expanding for over 10 years, by historical standards it can't go on forever, there will be a correction.
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Old Yesterday, 06:45 PM
 
Location: Unperson Everyman Land
30,596 posts, read 20,218,182 times
Reputation: 8450
Quote:
Originally Posted by bawac34618 View Post
This economy is only "on fire" if you are listening to Sean Hannity and Rush Limbaugh. Listen to what real economists have to say about Trump's trade wars and the impact they are having. It's very, very grim.

You won't be able to defend this economy next year at this time if things continue in their current trajectory.
Funny thing about economies and trajectories...they don't always do what they are supposed to do.

That's why economists are wrong all the time.
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Old Yesterday, 07:17 PM
 
Location: Gulf Coast Texas
28,771 posts, read 15,596,313 times
Reputation: 11558
Quote:
Originally Posted by bawac34618 View Post
This economy is only "on fire" if you are listening to Sean Hannity and Rush Limbaugh. Listen to what real economists have to say about Trump's trade wars and the impact they are having. It's very, very grim.

You won't be able to defend this economy next year at this time if things continue in their current trajectory.
People don't have to listen to anybody - they are too busy working.

One reason Clinton lost is blacks had plenty of time to think about how the economy wasn't working for them - because they weren't working.
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Old Yesterday, 08:11 PM
 
Location: Kansas City, MISSOURI
9,117 posts, read 2,799,861 times
Reputation: 7013
Quote:
Originally Posted by momonkey View Post
What's bad?

The unemployment rate has been below 4% for seventeen months and is currently just 3.7%!...
In December 2000, the unemployment rate was just 3.9%, the lowest in 30 years.

Just 3 months later, in March 2001, a recession began.
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Old Yesterday, 08:57 PM
 
24,497 posts, read 12,104,043 times
Reputation: 10426
Quote:
Originally Posted by bawac34618 View Post
Trump has taken the growing economy he inherited and with his trade wars and reckless policies, brought us to the brink of recession. I believe 2020 is shaping up to be a perilous year for the U.S. economy. I believe that by the election, unemployment will be skyrocketing, people will be losing their homes, and we'll see one or two big bank failures. It could be even worse if China decides to completely unload U.S. debt, a very real possibility. Most people on this board who are working will likely either be laid off or know somebody who is laid off by next year at this time.

Thing is, none of this had to happen. This is 100% on Donald Trump. Now we all are going to have to suffer.

Democrats need to start shifting the conversation to this because I believe that the collapsing economy will be their winning issue in 2020. The U.S. needs to join the rest of the world in embracing the 21st century rather than trying to bring back the middle of the 20th century, destroying itself in the process.
Liberals are too busy trying to incite race riots.
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Old Yesterday, 09:22 PM
 
19,155 posts, read 7,475,113 times
Reputation: 8289
Business confidence - sky high. Unemployment ultra low. Terrific GDP growth. Great job growth.

Dems need to run away from this issue.
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Old Yesterday, 09:25 PM
 
Location: CA
4,368 posts, read 1,890,414 times
Reputation: 5629
They talk about the economy every single day .... that the dow jones falls.
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Old Yesterday, 09:25 PM
 
Location: Kansas City, MISSOURI
9,117 posts, read 2,799,861 times
Reputation: 7013
Quote:
Originally Posted by BobNJ1960 View Post
Business confidence - sky high. Unemployment ultra low. Terrific GDP growth. Great job growth.
Every one of those conditions existed just prior to the start of a recession.
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Old Yesterday, 09:45 PM
 
1,894 posts, read 480,623 times
Reputation: 1718
Quote:
Originally Posted by James Bond 007 View Post
In December 2000, the unemployment rate was just 3.9%, the lowest in 30 years.

Just 3 months later, in March 2001, a recession began.
Yea, I remember the same talk about a fantastic economy until the stock market tanked in 2007. People never learn.
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