These Recession Signals are Flashing...

vantexan

Well-Known Member
If the tax cuts raise revenue a $1, but cost you $10 in borrowing the capital to do so, you go out of business. Neither party is or has ever been invested in cutting spending. The overwhelming percentage of debt has occurred while a conservative was in the big chair.
You're saying that conservative presidents have incurred more debt than Obama and Biden since 2000? And you do know that it's the House of Representatives that controls the purse?
 

Up In Smoke

Well-Known Member
You're saying that conservative presidents have incurred more debt than Obama and Biden since 2000? And you do know that it's the House of Representatives that controls the purse?
Since Reagan and no bills get passed without the signature of the President. You sign it, you own it.
 

vantexan

Well-Known Member
Since Reagan and no bills get passed without the signature of the President. You sign it, you own it.
You do realize the compromises that go into getting those bills signed? And there are other things to consider also. In spite of drawing down the U.S. Army to pre WWII levels while we were fighting two wars, Obama incurred more debt than any other president. Biden has also drawn down the Army to pre WWII levels but has increased the debt in his first three years at almost twice the rate Trump did in his first three years. Most of Trump's debt happened in his 4th year fighting the pandemic.
 

Up In Smoke

Well-Known Member
You do realize the compromises that go into getting those bills signed? And there are other things to consider also. In spite of drawing down the U.S. Army to pre WWII levels while we were fighting two wars, Obama incurred more debt than any other president. Biden has also drawn down the Army to pre WWII levels but has increased the debt in his first three years at almost twice the rate Trump did in his first three years. Most of Trump's debt happened in his 4th year fighting the pandemic.
Presidents inherit good and bad from their predecessors. Ford, Carter, Reagan, Obama and Biden inherited bad and Bush 1, Bush 2 and Trump inherited good Country and World situations.
 

vantexan

Well-Known Member
Presidents inherit good and bad from their predecessors. Ford, Carter, Reagan, Obama and Biden inherited bad and Bush 1, Bush 2 and Trump inherited good Country and World situations.
Bush 2 inherited a sharp recession from Clinton. Trump inherited stagflation from Obama as well as Putin in Crimea and the resurgence of Iran. What we get constantly from Democrats is revisionist history.
 

Up In Smoke

Well-Known Member
Bush 2 inherited a sharp recession from Clinton. Trump inherited stagflation from Obama as well as Putin in Crimea and the resurgence of Iran. What we get constantly from Democrats is revisionist history.
Six month recession after Bush was seated and Obama's last three were as good if not better than Trumps first three. IMO
 

vantexan

Well-Known Member
Six month recession after Bush was seated and Obama's last three were as good if not better than Trumps first three. IMO
Recession early in Bush term was inherited from Clinton. Obama's last three years in no way were as good as Trump's first three. If so Clinton would've won. Everybody said with Clinton we would get more of the same. That and her sparkling personality killed her chances.
 

Sportello

Banned
Recession early in Bush term was inherited from Clinton. Obama's last three years in no way were as good as Trump's first three. If so Clinton would've won. Everybody said with Clinton we would get more of the same. That and her sparkling personality killed her chances.
Trump also had a fourth year, that undid everything.
 

vantexan

Well-Known Member
20 plus businesses run into the ground over 40 years should have told us everything we needed to know. As the ship sinks, he blames the crew, abandons and boards a new ship. Art of the deal
The man has skyscrapers all over the world, golf courses, a huge home, a full size private jet yet somehow he never did anything right.
 

vantexan

Well-Known Member
Stagflation eh? High unemployment, high inflation and slow economy. 0 for 3. Maybe your memory is slipping.
Trump had high unemployment? Nope. High inflation? Started under Biden. Slow economy? Must be talking about Obama. Obama had "shovel ready" jobs. Remember? How'd that work out? Obama told businessmen that they didn't build their businesses. That times had changed and they needed to lower expectations. Trump came in and jumpstarted the economy. Lowered taxes. Reduced onerous regulations.

Don't forget that Trump didn't start any wars and he was having success in negotiating peace in the Middle East. Stood up to China. I guess you feel the Democrats are better for investing because they're in bed with Wall Street and the military/industrial complex. That's where the money is at these days.
 

Sportello

Banned
The pandemic undid everything. But good to know you think his first three years were great. Most Dems won't give him credit for anything over his four years.
I never said his first three years were great. Nothing changed from the Obama years, and that was fine with me. He knew better, and he screwed it up, by his own admission.
 

Sportello

Banned
Trump had high unemployment? Nope. High inflation? Started under Biden. Slow economy? Must be talking about Obama. Obama had "shovel ready" jobs. Remember? How'd that work out? Obama told businessmen that they didn't build their businesses. That times had changed and they needed to lower expectations. Trump came in and jumpstarted the economy. Lowered taxes. Reduced onerous regulations.

Don't forget that Trump didn't start any wars and he was having success in negotiating peace in the Middle East. Stood up to China. I guess you feel the Democrats are better for investing because they're in bed with Wall Street and the military/industrial complex. That's where the money is at these days.
Most of what you have just stated, is easily proven to be not true. That doesn’t mean you’re not allowed to believe it, but it’s not true.
 

vantexan

Well-Known Member
I never said his first three years were great. Nothing changed from the Obama years, and that was fine with me. He knew better, and he screwed it up, by his own admission.
Nothing changed? You think tens of millions adore the guy even though nothing changed? ROFLMAO!!
 
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