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And that’s my point. Trump complained about low interest rates during a recession under Obama but loses his mind at an increase now. We are borrowing money from China to give to farmers to not sell to China. The debt is increasing at a faster rate in three years than during a recession under Obama. Say Trump gets re-elected and the economy crashes, Will Trump supporters say Trump owns it?
Nope they didnt with Bush and still don't with him then.... I've accepted now we don't learn from our history unfortunately
Go and find the thread that talks about how Trump is AMAZING because the Dow was rising. It spans quite a while... and for a lot of that, it was pretty stagnant. See how his cheerleaders suddenly blamed Obama when things went down or when things didn't move, and then went on to rah-rahing Trump when there were rises. Of COURSE Trump isn't going to take any responsibility for the economy if ht crashes. It will be the fault of the democrats in some way.
In reality, the President has little to do with any of it, but how could he let a reasonably healthy economy (that he inherited) go unclaimed?
You have to look at what laws a president has signed into law which affect the economy. Has he been publicly promoting ideas, was he encouraging or maligning private industry. Was he talking the economy up, or talking it down, what is he instructing his regulatory agencies to do, etc...
You cannot fault or credit a president for the positive or negative state of the economy, based upon nothing but him sitting behind the desk in the oval office.
For example, if you want to fault Bush for the 2008 recession, then you will need to cite some related policy or legislation that he signed into law, or a presidential policy he implemented thru a EO. In other words, show what the president did in office which attributed to the recession.
Yes. Fair or not, that comes along with being POTUS. Unfortunately for leftists who have been praying for recession as a means of defeating our president (rather sick and disgusting actually), the economy is strong and experts expect it to remain so through election day.
Yes. Fair or not, that comes along with being POTUS. Unfortunately for leftists who have been praying for recession as a means of defeating our president (rather sick and disgusting actually), the economy is strong and experts expect it to remain so through election day.
And as I said, what happens after Election Day? If it all comes crashing down 3-6 months after election, will Trump own it?
... facilitated by the removal of the Glass-Stegall regulations by the Clinton administration.
Government sets the environment for good and bad to take place in the economy by the private sector.
The 2008 banking fisaco was a direct result of a lack of regulatory oversight and action by both the Congress and the federal agencies tasked with oversight.
I see a part of the blame was the repealing of the Glass-Steagall Act which allowed commercial banks and risk taking investment banks to merge. We saw this with the creation of CitiGroup. This was a bad move by our legislators who were too full of hubris and faith in modern technology, to remember why Glass-Steagall was put in place in the first place.
The Congress and Bill Clinton foolishly repealed the Glass-Stegall Act, which paved the way for investment banks to merge with commercial banks, such as CitiGroup.
All the blame for the 2007-2008 economic mess goes right on the shoulders of Bill Clinton and the legislators who passed these repeals in the late 1990s.
GW Bush did try to reign in F&F Mae, but the dems savaged him over it, and Bush did not push back enough.
The democrats don’t give Trump credit for the great economy. So if it falters, does Trump get the blame?
Is the economy great? Seems like its par for the past 10 years. I think Obama was doing a good job, so I guess I can give Trump credit for not ruining it, although he has ballooned the debt by giving tax cuts to rich people that don't need it.
And as I said, what happens after Election Day? If it all comes crashing down 3-6 months after election, will Trump own it?
And if a Dem wins the President and that happens, will Dems own it?
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