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Who gets credit for the economy Trump or Obama

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posted on Feb, 18 2020 @ 04:03 PM
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originally posted by: matafuchs
a reply to: face23785

Not saying shutdowns are bad.

In my opinion Trump should shut it all down until they come up with fiscal responsibility again.

The last time Congress passed a complete budget was 1996. Since then it has been nothing but large appropriation bills and continuing resolutions. in the past the parties would use the 'threat' of shut down to scare the # out to the public.

I wish I could have told my mortgage company for the last 20 years to f off....that is what Congress and past president have done. When Trump shut down the government I have never seen the media so crazy....they play the heart strings saying welfare checks won't be coming.

Shut it all down.


Do you not do any business with the government? Or maybe not high enough up the ladder at your job to pay attention? Putting all those people temporarily out of work, and during the holidays was not good for business or to those families. He shut down the government to fund the "border wall".




posted on Feb, 18 2020 @ 04:05 PM
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a reply to: JAGStorm

Wasn't it Obama who got the shovel ready jobs program set up?



posted on Feb, 18 2020 @ 04:13 PM
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originally posted by: dfnj2015
President Bill Clinton: Total = $63 billion surplus, a 1% decrease.

How much of that was the pilfered social security money? How did Clinton's Fannie and Freddie policies work out for the American economy? What about the trade balance? What about household savings?

The whole Clinton had a great economy is a myth. It's all smoke and mirrors, the destruction of the economic future so he could look good in the present.



posted on Feb, 18 2020 @ 04:16 PM
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a reply to: JAGStorm

How often do you make major purchases like a car, a house, home whitegoods or infrastructure?

At the minimum, about every two years.

It is similar for businesses.

So I'd put the economy lead time at about two to three years.

If you want to see a more instantaneous representation of the effect of policy, use consumables.

A dozen eggs and a loaf of bread are a staple consumables and indicative of other groceries costs to consumer:

Historical Data about Cost of Living ( doz eggs) by Year in New York, NY

Historical Data about Cost of Living (bread 500g loaf) by Year in New York, NY



posted on Feb, 18 2020 @ 04:32 PM
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a reply to: chr0naut
Businesses were holding off on major purchases till they got clarity of tax rates, interest rates and economic policy direction. We heard it all the time during the second term of Obama that businesses were hording money rather than using it for investment precisely because they didn't know what direction Obama was going to go. Businesses abhor not knowing such things and they sit on their hands.

Trump gave them clarity and they started to really use their stockpiles of cash.



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



posted on Feb, 18 2020 @ 04:34 PM
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The only magic wand Obammer had was big Mikes bozack... Err i mean moosechel.la reply to: Stupidsecrets



posted on Feb, 18 2020 @ 04:36 PM
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a reply to: chr0naut
Eggs cost $4 in NYC?

Hmm.


(post by Bigbrooklyn removed for a manners violation)

posted on Feb, 18 2020 @ 04:42 PM
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originally posted by: pavil
a reply to: chr0naut
Businesses were holding off on major purchases till they got clarity of tax rates, interest rates and economic policy direction. We heard it all the time during the second term of Obama that businesses were hording money rather than using it for investment precisely because they didn't know what direction Obama was going to go. Businesses abhor not knowing such things and they sit on their hands.

Trump gave them clarity and they started to really use their stockpiles of cash.


The cost of bread went up by nearly 25% in the last two years. Has the average income increased by that much?

You may have more money, but it buys you less of the necessities of life than it used to. That's not an economic miracle.

edit on 18/2/2020 by chr0naut because: (no reason given)



posted on Feb, 18 2020 @ 04:44 PM
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And had top bizman sitting on a panel with their thumbs up their arses. Shovel ready alright...shoveling bull#..a reply to: carewemust



posted on Feb, 18 2020 @ 04:50 PM
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originally posted by: pavil
a reply to: chr0naut
Eggs cost $4 in NYC?

Hmm.

I tried for Grand Rapids & Detroit and the cost is about $2 but there doesn't seem to be any actual figures for 'the Trump years'.

Perhaps you no longer eat eggs?




posted on Feb, 18 2020 @ 04:52 PM
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a reply to: game over man

Actually Congress shut it down because they refused to fund border security.



posted on Feb, 18 2020 @ 05:00 PM
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originally posted by: chr0naut

originally posted by: pavil
a reply to: chr0naut
Businesses were holding off on major purchases till they got clarity of tax rates, interest rates and economic policy direction. We heard it all the time during the second term of Obama that businesses were hording money rather than using it for investment precisely because they didn't know what direction Obama was going to go. Businesses abhor not knowing such things and they sit on their hands.

Trump gave them clarity and they started to really use their stockpiles of cash.


The cost of bread went up by nearly 25% in the last two years. Has the average income increased by that much?

You may have more money, but it buys you less of the necessities of life than it used to. That's not an economic miracle.

It's hilarious you think NY, NY is representative of Trump and not Democrat policies.

2017

Loaf of Fresh White Bread (1 lb) 3.13 $ 2.75-3.50
Four-person family monthly costs: 3,527.80$ without rent (using our estimator).
A single person monthly costs: 995.25$ without rent.
Cost of living index in Charleston is 12.26% lower than in New York.

web.archive.org...://www.numbeo.com/cost-of-living/in/Charleston

Current

Loaf of Fresh White Bread (1 lb) 2.62 $ 2.00-3.39
Four-person family monthly costs: 3,5480.73$ without rent (using our estimator).
A single person monthly costs: 986.31$ without rent.
Cost of living index in Charleston is 18.83% lower than in New York.

www.numbeo.com...

My bills have stayed pretty much exactly the same.



posted on Feb, 18 2020 @ 05:06 PM
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a reply to: OccamsRazor04

As have my bills in Pennsylvania, and the tax cuts helped me and every other middle class family I know.



posted on Feb, 18 2020 @ 05:06 PM
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originally posted by: OccamsRazor04

originally posted by: chr0naut

originally posted by: pavil
a reply to: chr0naut
Businesses were holding off on major purchases till they got clarity of tax rates, interest rates and economic policy direction. We heard it all the time during the second term of Obama that businesses were hording money rather than using it for investment precisely because they didn't know what direction Obama was going to go. Businesses abhor not knowing such things and they sit on their hands.

Trump gave them clarity and they started to really use their stockpiles of cash.


The cost of bread went up by nearly 25% in the last two years. Has the average income increased by that much?

You may have more money, but it buys you less of the necessities of life than it used to. That's not an economic miracle.

It's hilarious you think NY, NY is representative of Trump and not Democrat policies.


Trump is from New York.


2017

Loaf of Fresh White Bread (1 lb) 3.13 $ 2.75-3.50
Four-person family monthly costs: 3,527.80$ without rent (using our estimator).
A single person monthly costs: 995.25$ without rent.
Cost of living index in Charleston is 12.26% lower than in New York.

web.archive.org...://www.numbeo.com/cost-of-living/in/Charleston

Current

Loaf of Fresh White Bread (1 lb) 2.62 $ 2.00-3.39
Four-person family monthly costs: 3,5480.73$ without rent (using our estimator).
A single person monthly costs: 986.31$ without rent.
Cost of living index in Charleston is 18.83% lower than in New York.

www.numbeo.com...

My bills have stayed pretty much exactly the same.


What an economic miracle!


edit on 18/2/2020 by chr0naut because: (no reason given)



posted on Feb, 18 2020 @ 05:22 PM
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originally posted by: chr0naut

originally posted by: pavil
a reply to: chr0naut
Businesses were holding off on major purchases till they got clarity of tax rates, interest rates and economic policy direction. We heard it all the time during the second term of Obama that businesses were hording money rather than using it for investment precisely because they didn't know what direction Obama was going to go. Businesses abhor not knowing such things and they sit on their hands.

Trump gave them clarity and they started to really use their stockpiles of cash.


The cost of bread went up by nearly 25% in the last two years. Has the average income increased by that much?

You may have more money, but it buys you less of the necessities of life than it used to. That's not an economic miracle.

Taxes.
Local and state

Done
Next



posted on Feb, 18 2020 @ 05:24 PM
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originally posted by: pavil
a reply to: chr0naut
Eggs cost $4 in NYC?

Hmm.

Yep. But they're not from chickens.



posted on Feb, 18 2020 @ 05:48 PM
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originally posted by: chr0naut

originally posted by: OccamsRazor04

originally posted by: chr0naut

originally posted by: pavil
a reply to: chr0naut
Businesses were holding off on major purchases till they got clarity of tax rates, interest rates and economic policy direction. We heard it all the time during the second term of Obama that businesses were hording money rather than using it for investment precisely because they didn't know what direction Obama was going to go. Businesses abhor not knowing such things and they sit on their hands.

Trump gave them clarity and they started to really use their stockpiles of cash.


The cost of bread went up by nearly 25% in the last two years. Has the average income increased by that much?

You may have more money, but it buys you less of the necessities of life than it used to. That's not an economic miracle.

It's hilarious you think NY, NY is representative of Trump and not Democrat policies.


Trump is from New York.


2017

Loaf of Fresh White Bread (1 lb) 3.13 $ 2.75-3.50
Four-person family monthly costs: 3,527.80$ without rent (using our estimator).
A single person monthly costs: 995.25$ without rent.
Cost of living index in Charleston is 12.26% lower than in New York.

web.archive.org...://www.numbeo.com/cost-of-living/in/Charleston

Current

Loaf of Fresh White Bread (1 lb) 2.62 $ 2.00-3.39
Four-person family monthly costs: 3,5480.73$ without rent (using our estimator).
A single person monthly costs: 986.31$ without rent.
Cost of living index in Charleston is 18.83% lower than in New York.

www.numbeo.com...

My bills have stayed pretty much exactly the same.


What an economic miracle!


Which has what to do with anything? I love how no matter how many times your posts are proven wrong you never once backtrack. It's actually impressive you can plod forward with being wrong so many times, every single day, and not be a defeated person.



posted on Feb, 18 2020 @ 05:49 PM
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Bottom Line: President Obama's #1 "achievement", ObamaCare, is almost universally despised.

He's trying desperately to build a new legacy for himself.

But this attempt is also built on a LIE.

Here is what matters, come November 2020.

The Gallup poll found that most American voters credit Trump, not Obama for the booming economy.

Full Report at: bongino.com...



posted on Feb, 18 2020 @ 06:19 PM
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a reply to: lakenheath24


That sounds very Keneysian.....which aint very conservative. Hmmmmm

Cutting taxes is not Keynesian. Keynesian economics says the best way to increase economic activity is by increasing government spending, not cutting taxes. The best way to decrease economic activity according to Keynes is to increase taxes. The result of those two policies over time is massive taxation and massive government spending... akin to communism, since the government will wind up owning all business and confiscating all income.

Keynesian works well within a certain range of economic reality... outside of that range, not so much. Classical economics works better, which means economic stimulation by cutting taxes and economic restraint by decreasing spending.

Plus Obama's use of Keynesian economic theory went awry because the jobs created by the increased government spending were being siphoned off by overseas companies, creating jobs overseas due to our regulations and higher taxation. It had the desired effect, just not here.

TheRedneck



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