And So It Begins...

vantexan

Well-Known Member
And you're the guy who has been lamenting the losses that automation has and will continue to create. So what's the difference between what Obama was saying and what you're saying? BTW. USGDP Q4 2008 that last quarter of the Bush administration ....the economy Obama inherited...... -8.4% USGDP Q4 2016 the final quarter for the Obama administration....+1.9% and there were a couple of quarters in 2014 and 2015 where quarterly annualized GDP was 3%
And if and when automation puts tens of millions out of work we will have to come up with something. Meanwhile 6 million jobs have been created under Trump.
 

bacha29

Well-Known Member
And if and when automation puts tens of millions out of work we will have to come up with something. Meanwhile 6 million jobs have been created under Trump.
Much easier to do when you inherit an economy on the way up not in a deflationary free fall and losing hundreds of thousands every month. To his credit he has helped to sustain the the upward cycle. Now let's see what he does when it slows or regresses as the numbers seem to indicate. He will likely do as he's done up to this point....Blame Obama, blame the media, blame cabinet secretaries and position appointments, blame Hillary, blame Mueller, blame the Fed,...blame, blame blame etc etc. . Blame anything and anybody except put the blame on his shoulders which is what the job description requires.
 

vantexan

Well-Known Member
Much easier to do when you inherit an economy on the way up not in a deflationary free fall and losing hundreds of thousands every month. To his credit he has helped to sustain the the upward cycle. Now let's see what he does when it slows or regresses as the numbers seem to indicate. He will likely do as he's done up to this point....Blame Obama, blame the media, blame cabinet secretaries and position appointments, blame Hillary, blame Mueller, blame the Fed,...blame, blame blame etc etc. . Blame anything and anybody except put the blame on his shoulders which is what the job description requires.
Revisionist history. The economy gained strength as soon as Trump was elected, and exploded after the tax cuts.
 

bacha29

Well-Known Member
Revisionist history. The economy gained strength as soon as Trump was elected, and exploded after the tax cuts.
A revisionist historian am I? You on the other hand are trying to completely cut out and ignore an entire decade which contained some of the most pivotal events in our nation's history which involved some of the most gut wrenching political rolls of the dice in recent times BTW: Average GDP growth during the Obama administration 3.37% Not bad at all when you consider the fact that GDP growth for 2008 was -0.83% including a staggering -8.4% for Q4 2008.
 

dmac1

Well-Known Member
Only thing is that supplementing, among other things, has us at $22 Trillion in debt and counting. .

This shows your ignorance. Aid to the poor is a tiny % of the budget, so the little help given to the lowest on the economic scale is a corresponding low % of the debt. Look to massive defense spending as about 1/2 of the debt.
 

dmac1

Well-Known Member
You avoided my questions and Trump inherited a stagnant economy. It was tax cuts and reduced regulations that brought back jobs that Obama said were never coming back.
Wrong again, clownie, Trump inherited a steadily growing economy. Slow, steady growth, with faster stock market growth and more job creation than under Trump, and a DECREASING deficit, unlike the ever increasing deficit under Trump.
 

dmac1

Well-Known Member
I'm for raising the minimum wage to $15hr. And why do you support giving government support to able bodied people? The safety net is just that, a safety net, not a lifestyle. What programs by the way do you think I'm against? Tell me something, Obama spent what was it $9 Trillion plus in 8 years? Was it al! spent on weldare? No, so where did it go? I want accountability, don't you? That's what I want right now. If they can't justify an expense it should be axed. Why are you against accountability? And if the corporate tax needs to be raised so be it. But 6 million jobs have been created. Let's raise it high enough, no more.
If you have one iota of intelligence, which you may not have, you would know that Obama inherited two wars, and a completely unfunded medicare Part D started under a REPUB. The fixed budget is more than 90% of spending, with Obama having almost 0 discretion to spend $9 trillion in 8 years." That is foolish, to say the least.

He inherited a recession with all the decreased revenue increasing the debt. In less than two years, he turned it around, and the economy has steady growth for the rest of his two terms. More job growth than Trump, faster stock market growth- more than doubling in his terms. Cut the unemployment by more than half, and saved the US auto industry which was literally bankrupt.

Some able bodied people, in fact most of them who get assistance DO work. It is the working people who still can't afford to live even frugally without help that the right ignores because it helps their donors make huge profits. When an employer doesn't pay enough to live on, and the government makes up the difference, it is taxpayers who are directly giving money to those business owners. If you want to hire someone, you better pay them enough to live on.
 

dmac1

Well-Known Member
You are totally hopeless- sounds like you blame everybody for any problems you have (your manager,Fedex,the government, your parents,your neighbor etc) YES if you have a baby at 15 it is totally your fault and if you can not come back from that. Its not my responsibility or the governments problem. Just so you know there are 739 billionaires without a college degree and 9 billionaires without a high school diploma. So yes one can come from any background and become a financial success
I'm retired, idiot, with a mostly paid for home, and a good income stream from multiple sources.
 

dmac1

Well-Known Member
And if and when automation puts tens of millions out of work we will have to come up with something. Meanwhile 6 million jobs have been created under Trump.

That is an outright lie!!!!!! That makes you a liar, and NOTHING you say can be trusted. Just like Trump. Just over 5 million jobs under Trump, and an increase of about 3%. Under Obama, from the low point at the end of the Bush recession, jobs increased by more than 11%. FOX didn't tell you that, did they???? So of course you were ignorant of that fact.


Link-------- Which President Created the Most Jobs?
 

dmac1

Well-Known Member
Revisionist history. The economy gained strength as soon as Trump was elected, and exploded after the tax cuts.

You consider 2.9% growth under Trump is an "explosion" and the trade deficit growth of 23% and 1.1 million people fewer with health insurance as an economy gaining strength???????

Link------ Trump's Numbers, April 2019 Update - FactCheck.org

"Job growth slowed a bit under Trump, but unemployment dropped to the lowest level in nearly half a century."
 

vantexan

Well-Known Member
That is an outright lie!!!!!! That makes you a liar, and NOTHING you say can be trusted. Just like Trump. Just over 5 million jobs under Trump, and an increase of about 3%. Under Obama, from the low point at the end of the Bush recession, jobs increased by more than 11%. FOX didn't tell you that, did they???? So of course you were ignorant of that fact.


Link-------- Which President Created the Most Jobs?
Uh, you mean after millions were thrown out of work jobs came back after recession ended.
 

vantexan

Well-Known Member
That is an outright lie!!!!!! That makes you a liar, and NOTHING you say can be trusted. Just like Trump. Just over 5 million jobs under Trump, and an increase of about 3%. Under Obama, from the low point at the end of the Bush recession, jobs increased by more than 11%. FOX didn't tell you that, did they???? So of course you were ignorant of that fact.


Link-------- Which President Created the Most Jobs?
Liar.
 

vantexan

Well-Known Member
If you have one iota of intelligence, which you may not have, you would know that Obama inherited two wars, and a completely unfunded medicare Part D started under a REPUB. The fixed budget is more than 90% of spending, with Obama having almost 0 discretion to spend $9 trillion in 8 years." That is foolish, to say the least.

He inherited a recession with all the decreased revenue increasing the debt. In less than two years, he turned it around, and the economy has steady growth for the rest of his two terms. More job growth than Trump, faster stock market growth- more than doubling in his terms. Cut the unemployment by more than half, and saved the US auto industry which was literally bankrupt.

Some able bodied people, in fact most of them who get assistance DO work. It is the working people who still can't afford to live even frugally without help that the right ignores because it helps their donors make huge profits. When an employer doesn't pay enough to live on, and the government makes up the difference, it is taxpayers who are directly giving money to those business owners. If you want to hire someone, you better pay them enough to live on.
Nice spin. Obama out a regulatory stranglehold on business. The economy was stagnant. He printed money to pay bills. Now excuse me, need to go find that iota.
 

vantexan

Well-Known Member
Wrong again, clownie, Trump inherited a steadily growing economy. Slow, steady growth, with faster stock market growth and more job creation than under Trump, and a DECREASING deficit, unlike the ever increasing deficit under Trump.
Slooowwwww......
 

vantexan

Well-Known Member
This shows your ignorance. Aid to the poor is a tiny % of the budget, so the little help given to the lowest on the economic scale is a corresponding low % of the debt. Look to massive defense spending as about 1/2 of the debt.
So Obama doubled the national debt and half of it was defense spending? From the guy who cut way back on the military?
 
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