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He was the most anti-growth President of my lifetime. Obamacare for starters which deterred employers from hiring. Putting the kibosh on GOM drilling. Putting the kibosh on coal. An overall highly regulatory environment that made it very difficult and expensive for companies to comply and thus grow.
He was more about "spreading the wealth around", which had the opposite effect than actually being about growth. Under his Presidency we saw the wealth gap widen. We saw the advent of two part time jobs become commonplace and for the first time in forever, he did not enjoy a single year of 3% growth under his watch. Coming out of a recession like we had when he took office, that is almost unthinkable. To his credit, he did not interfere with fracking much otherwise growth would have been an unmitigated disaster.
Not to mention the national debt exploded. He might have come across as all soft and cuddly to foreigners, but he was an awful President and a terrible leader. For the record, I'm not a Trump supporter.
There is even one guy who is known for his accurate political predictions who predicted that WW3 will start by 2050 from Turkey and Japan as coalition, obviously for such thing to be feasible they should be more powerful than what they are today. I won't be surprised about new "ottoman-like union, but led by Israel and not so much from Turkey.
Euro123, I know of whom you are writing and I read his book too. However, his expectation of a resurgent, nationalistic Japan that would divorce itself from the United States was the one prediction of his that I could not buy into. The US-Japan alliance has been like a rock for 70 years, and while interests and alliances can change, the US-Japan alliance is almost as strong as the US/UK/CAN/AUS/NZ relationship. Anyway, my quibble is with George Friedman not you, Euro123.
However, sooner rather than later, the law of large numbers is going to slow China's rate of growth. The years of reported 7%-10% growth have already ended and we now see 6% as the new normally reported rate of growth. Soon, that will be replaced with 3%-4% growth and eventually 1%-2% growth. And note that I said "reported" growth. Everyone knows that China's economic statistics are not accurate. It's not that China is necessarily lying to the world, it's that China's bureaucracy is lying to the bosses at the top.
He was the most anti-growth President of my lifetime. Obamacare for starters which deterred employers from hiring. Putting the kibosh on GOM drilling. Putting the kibosh on coal. An overall highly regulatory environment that made it very difficult and expensive for companies to comply and thus grow.
He was more about "spreading the wealth around", which had the opposite effect than actually being about growth. Under his Presidency we saw the wealth gap widen. We saw the advent of two part time jobs become commonplace and for the first time in forever, he did not enjoy a single year of 3% growth under his watch. Coming out of a recession like we had when he took office, that is almost unthinkable. To his credit, he did not interfere with fracking much otherwise growth would have been an unmitigated disaster.
Not to mention the national debt exploded. He might have come across as all soft and cuddly to foreigners, but he was an awful President and a terrible leader. For the record, I'm not a Trump supporter.
Most Europeans think of Obama as a nice guy, and he was one, but he was a big failure as a president (not just the viewpoint of the far-right, alt-right, nazi racist white-supremacist folks, statistics prove that) and most Europeans (even most Americans for that matter) don't know that.
He was the most anti-growth President of my lifetime. Obamacare for starters which deterred employers from hiring. Putting the kibosh on GOM drilling. Putting the kibosh on coal. An overall highly regulatory environment that made it very difficult and expensive for companies to comply and thus grow.
He was more about "spreading the wealth around", which had the opposite effect than actually being about growth. Under his Presidency we saw the wealth gap widen. We saw the advent of two part time jobs become commonplace and for the first time in forever, he did not enjoy a single year of 3% growth under his watch. Coming out of a recession like we had when he took office, that is almost unthinkable. To his credit, he did not interfere with fracking much otherwise growth would have been an unmitigated disaster.
Not to mention the national debt exploded. He might have come across as all soft and cuddly to foreigners, but he was an awful President and a terrible leader. For the record, I'm not a Trump supporter.
you sound like a card carrying idealogical conservative
i dont for a second believe obama was anti growth , wall st soared under this watch , the 1% never done better , there was nothing remotely socialist about obama , as for obamacare , the problem with that is it didnt go far enough and ended up a fudge which satisfied no one , it wasnt left wing enough but obama knew in a country like america , a proper national health system wasnt achievable at this point , i suspect he wanted to create a national debate about it , americans are utterly brainwashed when it comes to this issue ( viewing a public health system as evil )
i say that as someone who believes he will be viewed as a mediocre president , most of the charges levelled against him by the right are completely baseless however
you sound like a card carrying idealogical conservative
i dont for a second believe obama was anti growth , wall st soared under this watch , the 1% never done better , there was nothing remotely socialist about obama , as for obamacare , the problem with that is it didnt go far enough and ended up a fudge which satisfied no one , it wasnt left wing enough but obama knew in a country like america , a proper national health system wasnt achievable at this point , i suspect he wanted to create a national debate about it , americans are utterly brainwashed when it comes to this issue ( viewing a public health system as evil )
i say that as someone who believes he will be viewed as a mediocre president , most of the charges levelled against him by the right are completely baseless however
Full blown free market social liberal here.
Of course Obama didn't set out with the goal of stymieing growth and increasing the wealth gap. Those outcomes were a product of his failed policies and agenda. In his search for "economic fairness" things got more unfair. Anytime a government gets involved in trying to make economics a fair game, they screw it up. Capitalism is inherently unfair. Markets should pick winners and losers, not governments.
Obamacare has been a very expensive disaster for the middle class. The poor have benefited and the well-to-do are lining their HSA's with more tax deferred retirement money than ever (not a bad thing). Once again, he got involved in something he didn't understand and made it worse.
Let's not talk about how far back set race relations by perpetuating the notion of victimization rather than promoting personal responsibility. This thread is about economics and GDP.
Of course Obama didn't set out with the goal of stymieing growth and increasing the wealth gap. Those outcomes were a product of his failed policies and agenda. In his search for "economic fairness" things got more unfair. Anytime a government gets involved in trying to make economics a fair game, they screw it up. Capitalism is inherently unfair. Markets should pick winners and losers, not governments.
Obamacare has been a very expensive disaster for the middle class. The poor have benefited and the well-to-do are lining their HSA's with more tax deferred retirement money than ever (not a bad thing). Once again, he got involved in something he didn't understand and made it worse.
Let's not talk about how far back set race relations by perpetuating the notion of victimization rather than promoting personal responsibility. This thread is about economics and GDP.
the right favour a widening gap between the top and the bottom so you should surely be pleased with what obama achieved
He was the most anti-growth President of my lifetime. Obamacare for starters which deterred employers from hiring. Putting the kibosh on GOM drilling. Putting the kibosh on coal. An overall highly regulatory environment that made it very difficult and expensive for companies to comply and thus grow.
He was more about "spreading the wealth around", which had the opposite effect than actually being about growth. Under his Presidency we saw the wealth gap widen. We saw the advent of two part time jobs become commonplace and for the first time in forever, he did not enjoy a single year of 3% growth under his watch. Coming out of a recession like we had when he took office, that is almost unthinkable. To his credit, he did not interfere with fracking much otherwise growth would have been an unmitigated disaster.
Not to mention the national debt exploded. He might have come across as all soft and cuddly to foreigners, but he was an awful President and a terrible leader. For the record, I'm not a Trump supporter.
Oil is at a all time low, drilling in the gulf doesn't make sense and hasn't for years. The US became the global leader in Natural Gas production which is cheaper then coal. The US has a surplus of power plants, multiple states have shut down coal power plants because the electricity is no longer needed. Coal is only going to make a comeback if they are subsidized by the government. Trump needs to stick to his main campaign promise of bringing back good jobs which he has done a decent job of so far. Unemployment has been low for years especially considering where we were 8-10 years ago. Exports have reached an all time high and export growth reached an all time high. Our trade deficits were all on the decline. Obama did increase the national debt and Obamacare hasn't been good imo, but the Republicans have no realistic solution either. Our national budget deficit has been on the decline and by Trumps first quarter turned into a surplus.
You called yourself a "free-trade" social liberal. Who is more pro free trade, Obama or Trump. Trump constantly ran on trade protectionism and fair trade. I didn't vote for Obama, but if you are truly a free market social liberal, Obama should have been the perfect president for you. Your probably spend too much time listening and reading right wing propaganda. I lean right, but it's obvious there is a lot of bs about about Obamas presidency.
It will be a few years before we have solid statistics on most of Obamas presidency so it's too early to say he was anti growth.
the right favour a widening gap between the top and the bottom so you should surely be pleased with what obama achieved
where did i mention race relations ?
The right absolutely does not favor a widening gap, only that it's not government's place to fix it. The more the government meddles, the wider the gap gets.
Re race relations, I was pointing out another one of Obama's shortfalls.
The right absolutely does not favor a widening gap, only that it's not government's place to fix it. The more the government meddles, the wider the gap gets.
Re race relations, I was pointing out another one of Obama's shortfalls.
I think some of you will blame Obama for your clogged up sinks and toilets if you could.
If you blame Obama for poor race relations you clueless about humans period.
So most sources says that by 2050 both China and India will surpass the US in terms of GDP. I can see that happening with China but India....Not so sure, yes India has and is experiencing a higher growth than China, but it is still way behind both China and the US.
So by 2050 nominal GDP would be as:
China
India
US
Indonesia
Brazil( only with a miracle as it is in deep trouble right now)
The UN has been advising developing countries to scale down their expectations for GDP, as climate change will significantly impact national economies. It's anybody's guess what 2050 will look like, but India has been cautioned against being too optimistic. A change in the regime of the monsoons will be disruptive to agriculture.
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