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There has not been an economically successful Republican administration in more than a hundred years. Believe it or not, recessions, depressions, and market crashes are not favorable to business.
Usually, bubbles precede crashes. Intelligent people realize that conditions favorable to certain outcomes were created earlier. You can't just look at a calendar date of an event and say that all the causes only occurred at that time. That's why many people view "economists" as merely political hacks. It didn't really matter who was in the White House or Congress when the last two bubbles were created. It didn't matter who was pro-regulation since the federal government didn't enforce the regulation on the books or prevented others from enforcing consumer protections.
I work primarily with foreigner visitors, so I have pretty much been put out of work, along with my coworkers. Our entire industry has been hit pretty hard. So stupid to complain about foreigners taking the jobs of Americans, and then ignore how many American jobs they actually create. Pretty sure more jobs have been lost thanks to Trump's immigration policies than have been saved - and the handful of low-paid manufacturing jobs he saved can't compare to the thousands of professional jobs being lost because we depend on foreigners.
Actual "bubbles" are extremely rare. They are however frequently invented and then pointed to by craven propagandists trying to develop cover stories for those whose basic ineptitude led to bad outcomes. There was neither a dot-com bubble nor a housing bubble for instance, yet volumes have been written about them as if they were as real as the Community Reinvestment Act.
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Originally Posted by lchoro
That's why many people view "economists" as merely political hacks.
Such are often the beliefs of those who don't but wish they did have an actual background in economics. More rational people are able to see and take honest practitioners of the dismal science for who they actually are and what they actually do.
Perhaps you should turn off MSNBC, step away from the tv and take a nice walk.
Perhaps you should be less formulaic in your comments. The simple facts are that FOX News is part of what was deliberately built to be a means of driving non-conservative thought out of the marketplace of ideas. The lot of these right-wing outlets exists only to disinform people. They play to emotion, not to intellect.
I didn't read all the pages, so someone might have beat me to it, but in general, the world we live in during a president's first term, is the world created by the prior president. Not 100%, but to a very large extent, especially at the beginning of their term. If your area is doing well, that is still thanks to Obama's policies. If your area is doing poorly, you can blame Obama. Nothing Trump has done has had any major impact yet. And short of the real possibility of nuclear war, it is unlikely to make any major changes any time soon.
The US economy is a huge ship. A new hand can turn the tiller, but it takes time for the ship to actually turn. Of course, a big enough storm can swamp the boat altogether in very short order.
My area is doing VERY well, as it has been for the last few years.
Wondering how it is in your neck of the wood since Trump ran, won, got inaugurated . . .
I had written "I'm in the North East around NYC. I see a lot less shoppers and shopping bags than usual in the malls for this time of the year. Of course that can be attributed to other factors, including great weather this summer here.
I see lots and lots of unsold inventories in garden shops and nurseries, even though I am told that they ordered about the same amount of stock as last year.
Grocery stores are beating each other silly with discounts even though there are basically just 2 major players in the area."
Seems still true. There is more optimism and people who (I think) couldn't have cared about autoworkers in the Central Time Zone two years ago now think it's the right thing that those jobs are coming back.
Fine, because in the D.C. area the population is generally very well educated, and having the federal government doesn't hurt either.
But I doubt we'll have strong economic growth until at least 2022, and we could slip into another recession.
As to those autoworkers: When you vote for someone who doesn't give a crap about the environment and the consequences that will have in the future, who doesn't care about democracy and could harm it (think of all the lives that were lost to secure our freedom, over the last three centuries), who is willing to throw millions off healthcare (which would lead to loss of life, unfortunately), and who is unstable and could really harm our national security, Then I don't think those people deserve those jobs!!! But it's OK, they won't come back. They'll be automated or demand will be less due to the economy. Oh, and how about America actually starts making good cars for a change!!!
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