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Well 2 years of total Dem control didn't fix anything..did it ?
Just got us more into debt with continued spending.
The fiasco called the stimulus got many Americans angry once the projects started to surface...bridges to nowhere, money unaccounted for, money given to non existent districts..the list goes on and on.
This is an interesting chart of GDP growth for the past 30 years. See if you can figure out who was president during growth periods and who was president during during negative growth periods of the GDP.
First democrats have had congress for 4 years. Second the left have tried to pass numerous productive bills but "NO" keeps abusing the filibuster. The only way to get any republican votes is to load the bill with pork for big business or other special interest cronies. Once this is done the bill is so watered down it's basically useless.
By 2 years of total Dem control I meant a Dem Congress and a Dem President. I know that Congress has been Dem controlled for more than 2 years. Maybe I should have been more clear in my post..sorry.
This is an interesting chart of GDP growth for the past 30 years. See if you can figure out who was president during growth periods and who was president during during negative growth periods of the GDP.
Wow, look at that massive growth spike under Reagan. Nothing in the 90s even came close to that 7.2%.
Wow, look at that massive growth spike under Reagan. Nothing in the 90s even came close to that 7.2%.
Yeah, too bad it was soon followed by the massive growth fall! The Republican policies for the economy look good short term but cause massive and lasting damage to our economy long term!
jojajn..this is now a global economy. The US is not operating in a bubble anymore.
You have to take that into account.
Past recessions did not see jobs offshored. Companies just cut back and rehired as the economy improved. What we see today is new. Companies lay off and rebuild offshore and hire at lower labor rates. They are followng the money to the emerging economies of India and China and Brazil.
It's different this time. Record unemployment, high consumer debt, not much purchasing power and yet multi-national corporations are posting record profits ??? Read the details to see that their record profits are not coming from US consumption.
Lol nearly 10% unemployment, anemic GDP growth and run away spending are lefts idea of "on the right track". No wonder they will get kicked to the curb on Tuesday!
By the way if increased spending leads to jobs maybe we can just increase it by a couple more trillion and employee everyone! The left is so silly!
I was talking about consumer spending. Isn't this thread about economic growth?
BTW, we are heading in a positive direction again. This Dow is double what it was when GWB left office, not bad for only 21 months of work from the democrats!
jojajn..this is now a global economy. The US is not operating in a bubble anymore.
You have to take that into account.
Past recessions did not see jobs offshored. Companies just cut back and rehired as the economy improved. What we see today is new. Companies lay off and rebuild offshore and hire at lower labor rates. They are followng the money to the emerging economies of India and China and Brazil.
It's different this time. Record unemployment, high consumer debt, not much purchasing power and yet multi-national corporations are posting record profits ??? Read the details to see that their record profits are not coming from US consumption.
I was talking about consumer spending. Isn't this thread about economic growth?
BTW, we are heading in a positive direction again. This Dow is double what it was when GWB left office, not bad for only 21 months of work from the democrats!
Ummm the stock market isn't the economy, unemployment, GDP etc are. But I understand why you don't want to address them.
By the way, consumers aren't spending.
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