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Who gets credit for the economy Trump or Obama

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posted on Feb, 18 2020 @ 11:58 AM
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a reply to: Stupidsecrets

Bank Bailout. Auto Bailout. Healthcare Bailout. Solyndra. Bankrupt Green Bailout....

The Obama years almost destroyed the US and made it a dependent society on its own government.




posted on Feb, 18 2020 @ 11:58 AM
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originally posted by: DBCowboy
a reply to: JAGStorm

Trump gets the credit, because if the economy was tanking, he'd get the blame.

QED

/thread





I read the title of this thread and was going to respond, but you said exactly what I would have in the first post.

Would Obama be tweeting if the economy tanked "Dont blame trump now, this is the result of my economy"?

Something makes me think he wouldnt



posted on Feb, 18 2020 @ 12:02 PM
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originally posted by: gortex
a reply to: JAGStorm

Trump gets the credit for the bubble he's created just as he'll own the criticism when that bubble bursts.


Honestly this is a more fair assessment

I dont like trumps deficit spending. It will come home to roost.

But its ridiculous for obama to take credit for the current good numbers of he isnt also going to take credit if it downturns

same would be true of trump



posted on Feb, 18 2020 @ 12:02 PM
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originally posted by: Stupidsecrets

originally posted by: CitizenZero

originally posted by: Stupidsecrets

originally posted by: CitizenZero
Bush bailed out the banks with tax-payer dollars. Obama stimulated the economy with tax-payer dollars. Trump did it the right way: deregulated and lowered taxes.


The bank bailout happened on Obama's watch.


Emergency Economic Stabilization ACT of 2008


Your right. Obama supported it and the other measured happened on his watch but out the gate Bush.


The swamp was all in on it, backed by both Bush and Congress.



posted on Feb, 18 2020 @ 12:05 PM
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originally posted by: scraedtosleep
a reply to: JAGStorm

Nether.

The economy is a global experience that one man couldn't possibly influence the way they claim they do.

Don't be a sucker.


Your the sucker if you think tax rates, regulations, and tariffs have no impact on the economy.



posted on Feb, 18 2020 @ 12:08 PM
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originally posted by: DBCowboy
a reply to: JAGStorm

Trump gets the credit, because if the economy was tanking, he'd get the blame.

QED

/thread





For those with short memories, remember when on election night, the talking heads were gloating about the stock market futures tanking on Trump's election and how a recession was going to happen?

Peperidge Farms remembers........

Trump gets credit. Everyone was talking about, regardless of who won, that a recession was imminent. If this is a recession, I'll take it anyday over Obama's "Recovery".



posted on Feb, 18 2020 @ 12:13 PM
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I look at the consumer confidence index. I dont know why, but it sounds cool and makes me look smart.

It dips after 08 and stays pathetic until 2015 when it starts spiking to pre 08 levels. This shows all the shadow peeps getting excited about Obama leaving and the Tman taking over.

Or not. But it sounds really good.

So if this is true, one has to give the Tman all the cred, cuz its Joe Plumber buying cheap chinese plastic crap for his 2.3 kids that makes the world go round.



posted on Feb, 18 2020 @ 12:14 PM
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originally posted by: Grambler

originally posted by: gortex
a reply to: JAGStorm

Trump gets the credit for the bubble he's created just as he'll own the criticism when that bubble bursts.


Honestly this is a more fair assessment

I dont like trumps deficit spending. It will come home to roost.

But its ridiculous for obama to take credit for the current good numbers of he isnt also going to take credit if it downturns

same would be true of trump


Tell me how Trump could not deficit spend while keeping the economy going?

It can't be done without massive cuts to medical care costs. To not deficit spend you are talking about raising taxes by 25% or cutting spending by 25%.

Neither one is practical currently, the best thing to do is to try and grow the economy and chip away at spending by cost cutting - that is exactly what he is doing.



posted on Feb, 18 2020 @ 12:17 PM
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That sounds very Keneysian.....which aint very conservative. Hmmmmm

a reply to: proximo



posted on Feb, 18 2020 @ 12:17 PM
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originally posted by: proximo

originally posted by: Grambler

originally posted by: gortex
a reply to: JAGStorm

Trump gets the credit for the bubble he's created just as he'll own the criticism when that bubble bursts.


Honestly this is a more fair assessment

I dont like trumps deficit spending. It will come home to roost.

But its ridiculous for obama to take credit for the current good numbers of he isnt also going to take credit if it downturns

same would be true of trump


Tell me how Trump could not deficit spend while keeping the economy going?

It can't be done without massive cuts to medical care costs. To not deficit spend you are talking about raising taxes by 25% or cutting spending by 25%.

Neither one is practical currently, the best thing to do is to try and grow the economy and chip away at spending by cost cutting - that is exactly what he is doing.


The truth is the only way to get thye economy on track is by ending the fed, and by spending less. Period. Trump could have cut programs which would have lowered the deficit, he chose not to.

Yes, this would be politically harmful to cut spending.

But until someone does it, they are just inflating a bubble.

I didnt let it slide when Obama and supporters said it was neccessary for him to deficit spend to get us out of recession, and so if I am to be consistent and truthful i must say the same thing even when its a guy i support like trump



posted on Feb, 18 2020 @ 12:27 PM
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I would have to disagree. From your charts it looks like merely returning to to pre-obama levels after the huge nosedive during Obama's term.

edit on 18-2-2020 by Notoneofyou because: Dont kowwhat happened, the site has been janky lately



posted on Feb, 18 2020 @ 12:37 PM
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a reply to: Grambler

Which programs can he cut that will make a meaningful difference? You act like it's easy to do - but here are your choices.

Social Security 1.1 trillion
Medicare/Medicaid 1.215 trillion
DOD 660 Billion
Interest on the Debt 390 billion
VA 204 billion

That is 3.57 trillion - that is virtually all untouchable - perhaps you could save 100- 200 billion on defense. That alone leaves us running a deficit.

The remaining 900 billion in spending is on things like education, agriculture, homeland security, DOJ, DOT, Judicial, State Department, Labor, Nasa, EPA

SO even if you cut all that 900 billion in spending - which you can't our government would cease to function, you would still not solve the deficit problem.

Again by far the biggest way to cut spending in a major way is to reduce medical costs - They make up 1.4 trillion of our budget and our costs are almost double that of other 1st world nations per capita. It is also the fastest growing part of the budget by far.

Now I am not saying we can reduce medical costs by 50% and maintain our system - but reducing them by 25% - which would save between 3 - 400 billion a year is very do able.







edit on 18-2-2020 by proximo because: (no reason given)



posted on Feb, 18 2020 @ 12:44 PM
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a reply to: smkymcnugget420

Correct. Obama's budget was still in effect until Trump passed his and it began at the end of 2017.

Budgets run from October 1 to September 30 of the following year.

My only misgivings about Trumps budget is the massive deficit he's incurring. That will lead to recession down the line.

en.wikipedia.org...


The United States federal budget for fiscal year 2018, which ran from October 1, 2017 to September 30, 2018, was named America First: A Budget Blueprint to Make America Great Again. It was the first budget proposed by newly-elected President Donald Trump, submitted to the 115th Congress on March 16, 2017.[4][5]



posted on Feb, 18 2020 @ 01:06 PM
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a reply to: JAGStorm

I have this theory what drives the economy is workers making good wages.



posted on Feb, 18 2020 @ 01:07 PM
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originally posted by: dfnj2015
a reply to: JAGStorm

I have this theory what drives the economy is workers making good wages.


So your against illegal immigration driving down wages?

Couldnt agree more!



posted on Feb, 18 2020 @ 01:07 PM
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a reply to: proximo

Raise taxes back to Bill Clinton levels when we have budget surplus. Problem solved.



posted on Feb, 18 2020 @ 01:08 PM
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a reply to: proximo

Spending needs to be cut, or revenues raised.

Im not for higher taxes, so.....



Look if you think the deficit spending is fine, so be it.

But when a democrat wins and blows out the deficit on their projects they claim will help the economy, you really have no right to complain.



posted on Feb, 18 2020 @ 01:09 PM
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originally posted by: Grambler

originally posted by: dfnj2015
a reply to: JAGStorm

I have this theory what drives the economy is workers making good wages.


So your against illegal immigration driving down wages?

Couldnt agree more!


Just like you I'm all for putting employers who are convicted of hiring illegal workers in jail for a 25 year minimum sentence.



posted on Feb, 18 2020 @ 01:20 PM
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originally posted by: proximo
a reply to: Grambler

Which programs can he cut that will make a meaningful difference? You act like it's easy to do - but here are your choices.

Social Security 1.1 trillion
Medicare/Medicaid 1.215 trillion
DOD 660 Billion
Interest on the Debt 390 billion
VA 204 billion

That is 3.57 trillion - that is virtually all untouchable - perhaps you could save 100- 200 billion on defense. That alone leaves us running a deficit.

The remaining 900 billion in spending is on things like education, agriculture, homeland security, DOJ, DOT, Judicial, State Department, Labor, Nasa, EPA

SO even if you cut all that 900 billion in spending - which you can't our government would cease to function, you would still not solve the deficit problem.

Again by far the biggest way to cut spending in a major way is to reduce medical costs - They make up 1.4 trillion of our budget and our costs are almost double that of other 1st world nations per capita. It is also the fastest growing part of the budget by far.

Now I am not saying we can reduce medical costs by 50% and maintain our system - but reducing them by 25% - which would save between 3 - 400 billion a year is very do able.




I use to think this way but it's actually the small non essential expenses that are the main problem. Notice they never want to go through the budget line by line. Some in Congress want to but they are always shot down.

If anything they want to add more non essential expenses, never less. And once they are in there almost impossible to remove. Look at PBS. It's basically now a private TV station still begging for money they no longer need. Try to yank their funding and all hell breaks loose.



posted on Feb, 18 2020 @ 01:24 PM
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a reply to: Grambler

President Barack Obama: Total = $6.785 trillion, a 57% increase.

FY 2017 - $666 billion. Although Trump requested additional spending, Congress did not approve it.
FY 2016 - $585 billion.
FY 2015 - $438 billion.
FY 2014 - $485 billion.
FY 2013 - $679 billion.
FY 2012 - $1.087 trillion.
FY 2011 - $1.300 trillion.
FY 2010 - $1 trillion.19 This is the sum of $1.294 trillion plus $253 billion from the Obama Stimulus Act that was attached to the FY 2009 budget

President George W. Bush: Total = $3.293 trillion, a 57% increase.

FY 2009 - $1.16 trillion. This amount is calculated from $1.413 trillion minus $253 billion from Obama's Stimulus Act.
FY 2008 - $459 billion.
FY 2007 - $161 billion.
FY 2006 - $248 billion.
FY 2005 - $318 billion.
FY 2004 - $413 billion.
FY 2003 - $378 billion.
FY 2002 - $158 billion.

President Bill Clinton: Total = $63 billion surplus, a 1% decrease.

FY 2001 - $128 billion surplus.
FY 2000 - $236 billion surplus.
FY 1999 - $126 billion surplus.
FY 1998 - $69 billion surplus.
FY 1997 - $22 billion.
FY 1996 - $107 billion.
FY 1995 - $164 billion.
FY 1994 - $203 billion.

President George H.W. Bush: Total = $1.036 trillion, a 36% increase.

FY 1993 - $255 billion.
FY 1992 - $290 billion.
FY 1991 - $269 billion.
FY 1990 - $221 billion.

President Ronald Reagan: Total = $1.412 trillion, a 142% increase.

FY 1989 - $153 billion.
FY 1988 - $155 billion.
FY 1987 - $150 billion.
FY 1986 - $221 billion.
FY 1985 - $212 billion.
FY 1984 - $185 billion.
FY 1983 - $208 billion.
FY 1982 - $128 billion.

President Jimmy Carter: Total = $253 billion, a 36% increase.

FY 1981 - $79 billion.
FY 1980 - $74 billion.
FY 1979 - $41 billion.
FY 1978 - $59 billion.

President Gerald Ford: Total = $181 billion, a 38% increase.

FY 1977 - $54 billion.
FY 1976 - $74 billion.
FY 1975 - $53 billion.

President Richard Nixon: Total = $70 billion, a 20% increase.

FY 1974 - $6 billion.
FY 1973 - $15 billion.
FY 1972 - $23 billion.
FY 1971 - $23 billion.
FY 1970 - $3 billion.

President Lyndon B. Johnson: Total = $36 billion, an 11% increase.

FY 1969 - $3 billion surplus.
FY 1968 - $25 billion.
FY 1967 - $9 billion.
FY 1966 - $4 billion.
FY 1965 - $1 billion.

President John F. Kennedy: Total = $18 billion, a 6% increase.

FY 1964 - $6 billion.
FY 1963 - $5 billion.
FY 1962 - $7 billion.

President Dwight Eisenhower: Total = $15 billion, a 6% increase.

FY 1961 - $3 billion.
FY 1960 - $0 billion with a slight surplus.
FY 1959 - $13 billion.
FY 1958 - $3 billion.
FY 1957 - $3 billion surplus.
FY 1956 - $4 billion surplus.
FY 1955 - $3 billion.
FY 1954 - $1 billion.


edit on 18-2-2020 by dfnj2015 because: (no reason given)



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