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View Poll Results: Whose fault is it?
All Trump 45 30.61%
Mostly Trump 14 9.52%
Both Trump and Obama 6 4.08%
Mostly Obama 5 3.40%
All Obama 5 3.40%
Neither, they happen 53 36.05%
Fake news! Bull market forever! 19 12.93%
Voters: 147. You may not vote on this poll

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Old Yesterday, 04:16 PM
 
Location: Washington State
19,074 posts, read 9,832,201 times
Reputation: 16243

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Recessions's are part of the business cycle and there could be government involvement in creating it as well as growth. The economy is affected more by Congress and potentially the Fed than it is the President although President's can have an affect.
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Old Yesterday, 04:50 PM
 
Location: Buckeye, AZ
27,619 posts, read 15,973,743 times
Reputation: 9963
Quote:
Originally Posted by Listener2307 View Post
Trump pats himself on the back for the success of the US economy.
So do 52.4% of the people.
A recession is the only hope that Dems have left. No recession, no Presidency.
No a recession will cement Trump being removed from office. Trump was a mistake and I don't realize why so many people don't realize it.

Quote:
Originally Posted by James Bond 007 View Post
It's pretty funny you cited a RCP poll average in defense of Trump.

Here's another RCP poll average:

Trump overall job approval
Approve: 43.7%
Disapprove: 54.1%
I don't recall Obama's numbers being that good by this point either. Maybe the Approval was higher, but Disapproval wasn't too much different.
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Old Yesterday, 04:56 PM
 
Location: Long Island
33,622 posts, read 14,166,856 times
Reputation: 7198
Quote:
Originally Posted by Tall Traveler View Post
Recessions's are part of the business cycle and there could be government involvement in creating it as well as growth. The economy is affected more by Congress and potentially the Fed than it is the President although President's can have an affect.
Do you have the same opinion about expansions or does Trump only get credit when the economy is doing well, when it goes south its the fault of the Fed and congress. LOL


I don't blame Trump or give him credit for either but tariffs most certainly have an impact.


He took credit for the stock market run up every day for the last 2 years, will he also accept the blame for a downturn.
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Old Yesterday, 04:57 PM
 
Location: Long Island
33,622 posts, read 14,166,856 times
Reputation: 7198
Quote:
Originally Posted by FKD19124 View Post
I blame the liberal leftist media for stoking the fears of the people.
I blame bonds for the inversion.
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Old Yesterday, 11:59 PM
 
38,816 posts, read 15,220,573 times
Reputation: 25159
Quote:
Originally Posted by Goodnight View Post
I blame bonds for the inversion.
Damn those bonds.

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Old Today, 06:31 AM
 
Location: Midwest
31,769 posts, read 19,822,353 times
Reputation: 8015
I am seeing the same pattern here as with GWB. "Deny, Deny," Deny that there are signs of an economic recession and therefore do nothing to stop it from happening.

When GWB finally acknowledges it, his treasury secretary, Paulson, looks like he is trying not to wet his pants.


https://www.youtube.com/watch?v=fQmk9insy0w
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Old Today, 06:43 AM
 
16,095 posts, read 4,253,380 times
Reputation: 11427
Quote:
Originally Posted by rbohm View Post
recessions happen regularly, thanks to the federal reserve bank. before the fed was set up, recessions happened when there were real market forces causing them. these days however the fed actually plans recessions, in cooperation with the federal government.
EXCEPT...the Fed was only planning expansion....so if this was the truth, it was turned around by ONE PERSON and their trade wars, which created a shock that slowed the system. The same person then bullied the Fed into reversing course.

AND, I was there for the Great Recession. GWB didn't plan it....neither did Greenspan or any other party.

Which basically proves your statement incorrect, IMHO.

The very same people who told us a business man was GREAT and was sending the economy soaring now tell us "don't pay attention, this is normal"......

Wouldn't a sane onlooker question the change of heart?

We also, of course, know if the stock market booms (only peons care about the real economy...wages...etc...), that Trumps cult will be crowing like they made it happen.
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Old Today, 07:58 AM
 
9,186 posts, read 5,664,987 times
Reputation: 3902
Quote:
Originally Posted by natalie469 View Post
Sorry, Trump is our president and therefore takes all the heat. But of course he never takes responsibility for anything negative, he just blames it on someone else. You should direct your disgust towards Trump and his trade wars for this possible recession

Blame him when it rains too.

The reality is, recessions may be an inevitable a part of natural economic cycles to some extent, but more often they are an induced situation one could call the harvest cycle of economic farming of high level money interests. So we have these cyclical recessions, induced by either the manipulation of interest rates, or inflation, or money supply, or, as we see happening now, politically motivated efforts to manipulate consumer confidence/perceptions in order to damage a robust economy by a dastardly left who would rather see the nation fail than Trump succeed.

You want to damage a business? Just spread rumors about the poor quality of products, or some other negative issue with said business, and watch it suffer as people avoid doing business with that company. You want to damage the general economy? Just have the fake news talking heads spew negative rhetoric about the economy nonstop .... chant “a recession is coming, a recession is coming” like freaking Paul Revere, and consumer confidence will be affected, and economic activity will slow because of it.

What we are seeing right now is the deliberate manipulation of public perception/consumer confidence by the leftwing media, as they whisper in the public ear .... “be afraid .... there is a recession lurking in the dark corner .... don’t believe what your eyes see ... this great economy is an illusion!!”.

This is the last ditch effort to derail Trump .... since “Russia Collusion” failed .... and “Trump is a racist” is failing, the left have only one more play in their play book .... the last second “Hail Mary”, as time runs out. Will they succeed? Hard to say .... but it is their only hope.
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Old Today, 07:59 AM
 
Location: southern california
55,945 posts, read 74,977,950 times
Reputation: 48509
Can we ticket me today for running the red light next week
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Old Today, 09:06 AM
 
Location: Washington State
19,074 posts, read 9,832,201 times
Reputation: 16243
Quote:
Originally Posted by Goodnight View Post
Do you have the same opinion about expansions or does Trump only get credit when the economy is doing well, when it goes south its the fault of the Fed and congress. LOL


I don't blame Trump or give him credit for either but tariffs most certainly have an impact.


He took credit for the stock market run up every day for the last 2 years, will he also accept the blame for a downturn.
My opinion is based on logic and evaluating facts, not emotional childish outbursts as Democrats do. The greatest market jump the day after a Presidential election was the day after Trump and Republicans were elected in 2016 and the greatest drop is the day after Obama and Dims were elected in 2008.
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