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Old Today, 06:28 AM
 
Location: New Jersey
5,716 posts, read 2,973,250 times
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But the Democrats have been talking about the economy. They want some form of socialism although they don't want to call it that but it is exactly that.
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Old Today, 06:30 AM
 
37,550 posts, read 16,286,904 times
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Quote:
Originally Posted by TheMoreYouKnow View Post
Except in reality, the exact opposite is true and people see it. People see that their taxes are lower, people see that their wages are rising, people see that the POTUS is doing everything he can to correct the horrendous trade deals that have left the US screwed for decades and they see the POTUS actually doing something about things that matter like illegal immigration and prison reform.

You have nothing but angry idiots crying about fake racism and pipe dreams of a crashing economy. Sad.
The dems actually think all those people who were UN-employed during the obama admin and NOT helped by obama's so-called Stimulus boondoggle and are working NOW will vote dem.
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Old Today, 06:31 AM
 
5,517 posts, read 1,584,297 times
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"Imports by Locality of Origin: The price index for imports from China edged down 0.1 percent in May following a 0.2-percent drop the previous month. Import prices from China have not recorded a monthly advance since the index rose 0.1 percent in May 2018. Prices for imports from China declined 1.4 percent over the past year, the largest 12-month drop since a 1.6-percent decrease in February 2017."
https://www.bls.gov/news.release/ximpim.nr0.htm
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Old Today, 06:33 AM
 
37,550 posts, read 16,286,904 times
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Originally Posted by Tall Traveler View Post
But if you are talking to intelligent people, they will note that the economy was crashed with a Dem Congress in 2007/2008, made worse with a Dem House, Senate and President, then revived under a Republican Congress and now hitting some headwinds with the 2018 Blue Wave Dem Congress.
"and now hitting some headwinds with the 2018 Blue Wave Dem Congress."


The "blue wave Congress" was a DISASTER.
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Old Today, 06:37 AM
 
37,550 posts, read 16,286,904 times
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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.
" Listen to what real economists", like who krugman? Biggest joke of them all. Couldn't even debate with people who called into his radio show so he STOPPED taking callers.

Voters do NOT have to listen ANY talking head. They ARE WORKING NOW, paying LOWER taxes, etc.
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Old Today, 06:41 AM
 
37,550 posts, read 16,286,904 times
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Quote:
Originally Posted by bawac34618 View Post
Really? I'm hoping for it to fail?

My guess is that Hannity or Limbaugh are saying that liberals want the economy to fail but I'm really hoping it hangs on until Trump is out of office. Who would want to see millions of people lose their jobs and homes?

For the record, I'm against free healthcare for illegals, but Trump's incompetence on every major issue and also the issue of separation of church and state are more important to me. You don't have to agree with your party on every single issue.
"but Trump's incompetence on every major issue", and you are some kid of super expert? Don't think so.
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Old Today, 06:44 AM
 
37,550 posts, read 16,286,904 times
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Quote:
Originally Posted by bawac34618 View Post
Consider the economy Obama inherited. If you don't, you're nothing but a blind partisan. It was a slow recovery but it was on the right track by 2015 and 2016. It really took off in 2017 before Trump's policies really had much of an effect.
"Consider the economy Obama inherited."

The recession was officially OVER BEFORE obama took office.

"It really took off in 2017 before Trump's policies really had much of an effect."

It ZOOMED with the tax cuts and getting rid of a LOT of useless regulations that took the "handcuffs" off businesses.
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Old Today, 06:47 AM
 
37,550 posts, read 16,286,904 times
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Quote:
Originally Posted by bawac34618 View Post
I don't want to lose my job. I'm about to be going into the job market and I want to be able to find a job that pays reasonable. I'm already woefully behind in my career due to graduating during the last recession.

However, I listen to what economists are saying, NOT right-wing pundits, and it's looking a lot like 2007 right now. If Trump would just back off on his tariffs, we could be full steam ahead.
"I listen to what economists are saying, NOT right-wing pundits,"


And WHO arr these "economist" you listen too?
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Old Today, 06:52 AM
 
37,550 posts, read 16,286,904 times
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Quote:
Originally Posted by craigiri View Post
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.
"GWB was not only unqualified to do anything much,"

Here we go AGAIN a lefty trying to RE-WRITE history!

"Publication: Business Wire
Date: Friday, January 4 2008

More Than 8.3 Million Jobs Created Since August 2003 In Longest Continuous Run Of Job Growth On Record

WASHINGTON -- Today, the Bureau of Labor Statistics released new jobs figures - 18,000 jobs created in December. Since August 2003, more than 8.3 million jobs have been created, with more than 1.3 million jobs created throughout 2007. Our economy has now added jobs for 52 straight months - the longest period of uninterrupted job growth on record. The unemployment rate remains low at 5 percent. The U.S. economy benefits from a solid foundation, but we cannot take economic growth for granted and economic indicators have become increasingly mixed. President Bush will continue working with Congress to address the challenges our economy faces and help facilitate long-term economic growth, job growth, and better standards of living for all Americans.

* Real GDP grew at a strong 4.9 percent annual rate in the third quarter of 2007. The economy has now experienced six years of uninterrupted growth, averaging 2.8 percent a year since 2001.

* Real after-tax per capita personal income has risen by 11.7 percent - an average of more than $3,550 per person - since President Bush took office.

* Over the course of this Administration, productivity growth has averaged 2.6 percent per year. This growth is well above average productivity growth in the 1990s, 1980s, and 1970s.


By 2003, Mr. Bush grasped this lesson. In that year, he cut the dividend and capital gains rates to 15 percent each, and the economy responded. In two years, stocks rose 20 percent. In three years, $15 trillion of new wealth was created. The U.S. economy added 8 million new jobs from mid-2003 to early 2007, and the median household increased its wealth by $20,000 in real terms.

But the real jolt for tax-cutting opponents was that the 03 Bush tax cuts also generated a massive increase in federal tax receipts. From 2004 to 2007, federal tax revenues increased by $785 billion, the largest four-year increase in American history. According to the Treasury Department, individual and corporate income tax receipts were up 40 percent in the three years following the Bush tax cuts. And (bonus) the rich paid an even higher percentage of the total tax burden than they had at any time in at least the previous 40 years. This was news to theNew York Times, whose astonished editorial board could only describe the gains as a “surprise windfall.”
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Old Today, 06:58 AM
 
37,550 posts, read 16,286,904 times
Reputation: 8525
Quote:
Originally Posted by bawac34618 View Post
Yeah late 2006 into 2007 there was a lot of talk about how great the economy was. Then, during the last quarter of 2007 it turned with a vengeance. I'd say right now feels a lot like summer 2007. The recession hadn't quite hit yet but there was mounting storm clouds.

https://www.npr.org/templates/story/...oryId=17716248

This one, unlike last time, is self-inflicted and it's 100% the fault of Donald Trump.
"Then, during the last quarter of 2007 it turned with a vengeance."


And what also happened? The DEMS TOOK BACK CONTROL OF CONGRESS.


W. TRIED to Get congress to do something about thE housing mortgage problem but BOTH dem dodd in the Senate and demfranks REFUSED to do anything. In fact barney said THERE IS NO PROBLEM"
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