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Old 07-20-2018, 12:05 PM
 
20,715 posts, read 19,357,373 times
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Quote:
Originally Posted by bawac34618 View Post
Wrong. Maybe in Fox News land that was the cause but in reality, Clinton left this country with one of the best economies in its history and a surplus. Bush squandered that with tax cuts for the wealthy. The only thing that kept the economy humming through most of Bush's Presidency was the real estate boom.

It was the surplus that crashed it. :-)
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Old 07-20-2018, 12:05 PM
 
45,676 posts, read 24,004,475 times
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And think about this just a wee bit.

The stock market did see a big jump last year...where do you think all that money came from. You think it just dropped from the sky the day Trump was inaugurated..

Folks had been slowing getting back on their feet.
Businesses were enjoying profits .....

And then they had cash to put into investments.

That didn't happen in the first few months of Trump's Presidency -- it happened slowly over time.
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Old 07-20-2018, 12:06 PM
 
435 posts, read 176,010 times
Reputation: 395
Quote:
Originally Posted by gwynedd1 View Post
What was the policy that Obama implemented to save us?
Not sure what you are getting at, but yes, deficits were shrinking before Trump got in office, now they are going upwards again. When the economy is good, you shrink deficits and deal with debt better, you don't make the problem worse. What part of that sounds off to you?
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Old 07-20-2018, 12:06 PM
 
Location: Long Island
32,816 posts, read 19,478,139 times
Reputation: 9618
Quote:
Originally Posted by gwynedd1 View Post
Come on man....Reagan was for free trade, just like I am. However it needs to be competitive trade, not the country whose greatest innovation is windowless sweat shops that hide child labor the best.

Its good to know classical economics but one must understand game theory as well. Race to the bottom can occur in comparative advantage trade relationships.


freetrade is wrong....




you CAN NOT have free (equal) trade if things (taxes, wages, cost of living, lifestyles, life expectancies) are not equal....


freetrade is about globalism (socialism)
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Old 07-20-2018, 12:09 PM
 
435 posts, read 176,010 times
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Quote:
Originally Posted by workingclasshero View Post

freetrade is about globalism (socialism)
You can't be serious free trade is the opposite of socialism
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Old 07-20-2018, 12:12 PM
 
20,715 posts, read 19,357,373 times
Reputation: 8280
The regressive left is either lying or stupid. Most if them are absolute morons beyond belief so I'll go with stupid.

Obama banktser pile on more debt, debt relief plan saw a spike in unemployment which slowly improved beginning in 2011 with a falling labor participation rate. We are now seeing unemployment drop with a stable labor participation rate.



https://data.bls.gov/timeseries/LNS14000000


https://data.bls.gov/timeseries/LNS11300000




Yep most of the credit does indeed have to go to an algorithm where congress not even need convene.
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Old 07-20-2018, 12:14 PM
 
Location: Long Island
32,816 posts, read 19,478,139 times
Reputation: 9618
Quote:
Originally Posted by cofor View Post
You can't be serious free trade is the opposite of socialism


nope..




globalism is about socialism....about open or non-existent borders... its is about ones size fits all (socialism)
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Old 07-20-2018, 12:17 PM
 
20,715 posts, read 19,357,373 times
Reputation: 8280
Quote:
Originally Posted by workingclasshero View Post
freetrade is wrong....




you CAN NOT have free (equal) trade if things (taxes, wages, cost of living, lifestyles, life expectancies) are not equal....


freetrade is about globalism (socialism)

Depends ... When there is absolute advantage like agriculture and basic materials there is no race to the bottom problem . That was much of what Adam Smith trade theory rested upon. Wine might compete with beer but generally that trade is good. Again, as I already explained.....
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Old 07-20-2018, 12:18 PM
 
435 posts, read 176,010 times
Reputation: 395
Quote:
Originally Posted by gwynedd1 View Post
The regressive left is either lying or stupid. Most if them are absolute morons beyond belief so I'll go with stupid.

Obama banktser pile on more debt, debt relief plan saw a spike in unemployment which slowly improved beginning in 2011 with a falling labor participation rate. We are now seeing unemployment drop with a stable labor participation rate.


Yep most of the credit does indeed have to go to an algorithm where congress not even need convene.

I like how you ignore that it stabilized before Trump was elected and that there was a financial collapse in 08. lol, you literally posted graphs that illustrate that it had stabilized. I also like how you pivot away from Trump escalating deficits and how his policies have resulted in climbing interest rates on that debt.
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Old 07-20-2018, 12:19 PM
 
435 posts, read 176,010 times
Reputation: 395
Quote:
Originally Posted by workingclasshero View Post
nope..




globalism is about socialism....about open or non-existent borders... its is about ones size fits all (socialism)
That has nothing to do with free trade, free trade is literally the absence of government intervention in trade aka not socialism
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