Who did that?

[jwoodie]

Trumps bills came due in 2021 & 22. Biden's bills will come due in 2025 or 26.

Did you forget about 2023 & 2024? How convenient.

 

[LeroyDumonde]

The economy under Trump was doing great, and then covid was released. The democrat party then made a concerted effort to completely crash the economy. When the economy they created bottomed out, Biden was installed as nominal head of government at the point where it almost couldn't fail to improve.

Don't let Republicans off the hook so easily. Most governors were Republicans and all of them, except Kristi Noem, imposed lockdowns. Then you had Republicans in Congress supporting the massive spending bills. Some Republican governors, like DeSantis and Kemp, get credit for figuring out the damage they were doing early and putting an end to the lockdowns relatively quickly. However, Trump himself complained that they were opening up too early.

 

[jc456]

Don't let Republicans off the hook so easily. Most governors were Republicans and all of them, except Kristi Noem, imposed lockdowns. Then you had Republicans in Congress supporting the massive spending bills. Some Republican governors, like DeSantis and Kemp, get credit for figuring out the damage they were doing early and putting an end to the lockdowns relatively quickly. However, Trump himself complained that they were opening up too early.

Punishment of citizens is most power position of most all elected officials

 

[YoursTruly]

Did you forget about 2023 & 2024? How convenient.

Economy is recovering. It's not recovered. <<<<Huge difference.

 

[BluesLegend]

This thread is total horse shit! Trump tore up vast quantities of economic stifling government regulations and red tape, unleashing the private sector. Also passed an historic tax reform and cut bill that supercharged the economy. Name one useless twat Democrat who ever did that!!

 

[YoursTruly]

This thread is total horse shit! Trump tore up vast quantities of economic stifling government regulations and red tape, unleashing the private sector. Also passed an historic tax reform and cut bill that supercharged the economy. Name one useless twat Democrat who ever did that!!

"We the people" unleashed the private sector. We are the the private sector. There was no regulations on what or how much we could buy? "WE DID THAT." And that piss ant tax cut we got didn't amount to much each week. What $20? Some small business owners like me ended up paying more because of the tax deducitons that were eliminated.

The government can't "supercharge" the economy. All they can do is dump trillions into it and make everything look great for a while.

You Trump supporters are constantly taking a big fat stinking Trump shit on "we the people." Putting you orange god above us.
You're slogan should be "Trump First." Not America first. Because you people always put Trump above everyone.

 

[The Sage of Main Street]

YoursTruly

It’s not down, demofks math don’t fit here xiden took office 2.25 a gallon @3.50 that ain’t fking down you stupid fk

The OPECkers Needed More Oil Loot to Fund Hamas's War Aims

 

[The Sage of Main Street]

The oil bust cycle was coming regardless of who was president. Key word, "cycle." Oil companies do this ever so often. (every 4 years or so).

Again, Gas/oil isn't state owned. The president doesn't control how much oil the oil companies produce. Nor does he set the price.

Big-Oil Occupied Government

 

[YoursTruly]

Big-Oil Occupied Government

In April of 2020, Trump struck a deal with US, Mexico and Saudi oil producers to decrease production. 7 months before the election. By june, they were laying off record numbers. So yeah, the bust cycle was coming. And the oil companies got paid bigly for it.
Record high prices and record low production.

I imagine the government subsidies they'll get with Biden will be record high as well.

 

[BluesLegend]

"We the people" unleashed the private sector. We are the the private sector. There was no regulations on what or how much we could buy? "WE DID THAT." And that piss ant tax cut we got didn't amount to much each week. What $20? Some small business owners like me ended up paying more because of the tax deducitons that were eliminated.

The government can't "supercharge" the economy. All they can do is dump trillions into it and make everything look great for a while.

You Trump supporters are constantly taking a big fat stinking Trump shit on "we the people." Putting you orange god above us.
You're slogan should be "Trump First." Not America first. Because you people always put Trump above everyone.

You really should stop spewing idiotic nonsense. This smells like some convoluted Dem shill way of excusing Biden's SHIT economic policies. You are not clever, you are not fooling anyone.

 

[BluesLegend]

Get ready for 2024 as Democrats claim LOUDLY that their shit economic policies and war on fossil fuels and importing 10 million illegals had absolutely no negative impact on the economy.

 

[BluesLegend]

The FACT is, lying scum Democrats lied their way back into the White House then took a GIANT SHIT on the poor and working class.

 

[jc456]

YoursTruly

The OPECkers Needed More Oil Loot to Fund Hamas's War Aims

That money came from obammy and xiden, I don’t accept your nonsense

 

[g5000]

A recession from Obama handing out too much free money that was borrowed from the fed.

The only recession during the Obama years was the one he inherited when he took office. Put down the crack pipe and stop watching Newsmax.

As for handing out too much free money, Trump handed out nearly the same amount as Obama in half the time!


Look who radically increased government spending as a percentage of GDP, BEFORE Covid, and then crowed about GDP growth:

An oil bust cycle that created high fuel prices.
We're the ones who cut back on spending and going places. We're the ones who paid the higher prices that kept the grocery stores and retail shops open. We kept the oil companies going.
When Obama dumped all that new money into the economy, it reduced the value of existing currency, forcing inflation on us. But just prior to Trump coming into office, "We the people" had struggled through all that and were finally rebounding the economy in our favor.

Another lie. Unemployment dropped all during the Obama years. Trump was elected on third base and told you he hit a triple.

Inflation was caused by the Fed's ZIRP, Obama's spending, and Trump's spending, followed by a global shutdown, followed by a massive surge in demand following the shutdown. It was that demand surge which led to inflation.

And BDS sufferers ignore the fact inflation has been GLOBAL, with the US doing better than most. Because all of our world governments overspent and kept their interest rates low after the Great Recession for far too long. It was a race to the bottom in devaluing the world's currencies.

Oil prices surged because oil demand plummeted so deeply during the pandemic that the price of oil actually went negative for a while.

Oil companies shut down a lot of their operations and laid off employees. You don't recover from that overnight when demand then surges.

Additionally, the oil companies took advantage of the situation by slow-walking their return to normal operations.

Chevron raises buybacks and says exposure to Russia is limited​

Major oil companies are responding to a jump in profits this year from higher oil and gas prices by giving back more cash to shareholders, many of whom have been frustrated by years of low returns.

So far, most shale operators have signaled that they plan to put capital returns above output growth, even as U.S. oil prices crossed $100 per barrel earlier this week.

The common denominator in all of this, is that the government screws things up, and "we the people" suffer through it and fix it ourselves. But some president gets the credit for making things better.

I say it's time to give credit where credit is due. To "we the people," who do all the work. Who is put through all the struggles and makes this economy better.

That's a nice thought, but untrue.

We get the politicians we deserve. We DEMAND they overspend and demand they make someone else pay for it.

 

[g5000]

I said the demand surge after the pandemic is what caused inflation.

Here's the proof:


Consumer expenditures rose to an all time high after the pandemic. The surge is seen from the bottom of the pandemic plunge followed by a rapid rise to new highs.

As a result in the spike of spending and consumerism, the number of shipping containers and the number of container ships at our California ports surged tremendously to record highs. This overwhelmed the system.

 

[g5000]

This thread is total horse shit! Trump tore up vast quantities of economic stifling government regulations and red tape, unleashing the private sector. Also passed an historic tax reform and cut bill that supercharged the economy. Name one useless twat Democrat who ever did that!!

Nope.

Trump only knows how to bankrupt the organizations he runs. He has no clue how to grow an economy the right way.

The only reason GDP grew in the Trump years is because of all new highs in government spending by Trump.

Here is the formula for GDP:

GDP = C + G + I + NX. C is equal to all private consumption, or consumer spending, in a nation's economy, G is the sum of government spending, I is the sum of all the country's investment, including businesses capital expenditures and NX is the nation's total net exports, calculated as total exports minus total imports (NX = Exports - Imports).

Gross Domestic Product - GDP


Our politicians have figured out it is easier to artificially juice our GDP with big government spending rather than do the heavy lifting of enacting policies which will make our economy stronger.

They have been doing this for DECADES.

That's why Trump, the self-proclaimed "King of Debt" massively increased spending. And he STILL could not get to his promised 4 to 6 percent growth in GDP.

As you can see in this chart, Trump radically skyrocketed government spending as a percentage of GDP while he was president.

 

[dblack]

The Trump supporters claim that it was Trump himself who made the economy great when he was president. The left denies it.
The Biden supporters claim that it was Biden who's making the economy better now. And the Trump supporters deny it.
Same can be said with oil/gas prices.

But I'd like to inject a little common sense into these arguments by saying that neither Trump nor Biden made the economy better or the gas prices cheaper.

When Trump entered the White House in 2017, "We the People" had been the ones who were put through the ringer of a bad economy. A recession from Obama handing out too much free money that was borrowed from the fed. An oil bust cycle that created high fuel prices.
We're the ones who cut back on spending and going places. We're the ones who paid the higher prices that kept the grocery stores and retail shops open. We kept the oil companies going.
When Obama dumped all that new money into the economy, it reduced the value of existing currency, forcing inflation on us. But just prior to Trump coming into office, "We the people" had struggled through all that and were finally rebounding the economy in our favor. We did that.
So when Trump enters the white house, we had already started making things work for us again. And until Covid, Trump was riding on OUR coat tails. And now he and his supporters are bragging about how it was all Trumps doing.
Trumps $8 trillion in just 4 years helped to create what we're going through now. But it was us who struggled through all this once again. Again, it was us who paid the high prices that kept the grocery & retail stores open. The manufacturing and gas/oil companies going.
Biden got the blame from things he didn't have much to do with. But now that we the people are rebounded the economy, the left wants to falsely give Biden credit for it, like the Trump supporters gave Trump. All of the money that's being spent now, is going to show up in high inflation in the next two years and reek havoc on the next presidents economy. The left will blame the right. The right will blame the left. And we the people will get stuck fixing something that the government screwed up.

FFS, it's the same cycle that's been going on for the last 5 decades. Why so many people can't recognize this pattern is a mystery.

The common denominator in all of this, is that the government screws things up, and "we the people" suffer through it and fix it ourselves. But some president gets the credit for making things better.

I say it's time to give credit where credit is due. To "we the people," who do all the work. Who is put through all the struggles and makes this economy better.

Fact: Dumping trillions of new money into the economy only makes things look better. But in a year or two, the bill comes due in the form of inflation. Trumps bills came due in 2021 & 22. Biden's bills will come due in 2025 or 26.

Moreover - we don't WANT the President preoccupied with these kinds of things. We're not a socialist country and it's not the government's job to "manage" the economy.

 

[YoursTruly]

Moreover - we don't WANT the President preoccupied with these kinds of things. We're not a socialist country and it's not the government's job to "manage" the economy.

No joke. They can't manage things the constitution allows them to manage, much less things that should be left up to us.
Imagine how messed up the gas/oil industry would be if the government micromanaged it.

 

[HaShev]

The Trump supporters claim that it was Trump himself who made the economy great when he was president. The left denies it.
The Biden supporters claim that it was Biden who's making the economy better now. And the Trump supporters deny it.
Same can be said with oil/gas prices.

But I'd like to inject a little common sense into these arguments by saying that neither Trump nor Biden made the economy better or the gas prices cheaper.

When Trump entered the White House in 2017, "We the People" had been the ones who were put through the ringer of a bad economy. A recession from Obama handing out too much free money that was borrowed from the fed. An oil bust cycle that created high fuel prices.
We're the ones who cut back on spending and going places. We're the ones who paid the higher prices that kept the grocery stores and retail shops open. We kept the oil companies going.
When Obama dumped all that new money into the economy, it reduced the value of existing currency, forcing inflation on us. But just prior to Trump coming into office, "We the people" had struggled through all that and were finally rebounding the economy in our favor. We did that.
So when Trump enters the white house, we had already started making things work for us again. And until Covid, Trump was riding on OUR coat tails. And now he and his supporters are bragging about how it was all Trumps doing.
Trumps $8 trillion in just 4 years helped to create what we're going through now. But it was us who struggled through all this once again. Again, it was us who paid the high prices that kept the grocery & retail stores open. The manufacturing and gas/oil companies going.
Biden got the blame from things he didn't have much to do with. But now that we the people are rebounded the economy, the left wants to falsely give Biden credit for it, like the Trump supporters gave Trump. All of the money that's being spent now, is going to show up in high inflation in the next two years and reek havoc on the next presidents economy. The left will blame the right. The right will blame the left. And we the people will get stuck fixing something that the government screwed up.

FFS, it's the same cycle that's been going on for the last 5 decades. Why so many people can't recognize this pattern is a mystery.

The common denominator in all of this, is that the government screws things up, and "we the people" suffer through it and fix it ourselves. But some president gets the credit for making things better.

I say it's time to give credit where credit is due. To "we the people," who do all the work. Who is put through all the struggles and makes this economy better.

Fact: Dumping trillions of new money into the economy only makes things look better. But in a year or two, the bill comes due in the form of inflation. Trumps bills came due in 2021 & 22. Biden's bills will come due in 2025 or 26.

I disagree, because Trump's corporate tax reductions was in portion shared with employees in majority of the companies making take home pay quickly increase and that lead to more purchases(stimulating the economy) and made them more globally competitive, and along with the trade deals & market stability, also helped the economy along with low energy Thus low transport costs. I thi just about all his focused policies were to benefit the economy success and wealth of our labor force as well as drawing investments and spending on our goods & services from around the globe.

 

[YoursTruly]

I disagree, because Trump's corporate tax reductions was in portion shared with employees in majority of the companies making take home pay quickly increase and that lead to more purchases(stimulating the economy) and made them more globally competitive, and along with the trade deals & market stability, also helped the economy along with low energy Thus low transport costs. I thi just about all his focused policies were to benefit the economy success and wealth of our labor force as well as drawing investments and spending on our goods & services from around the globe.

Even if taxes had stayed the same, the economy was rebounding. Prices were stabilizing. "We the People" were improving the economy.
The tax cuts, didn't do anything but reduce their taxes a little. Maybe enough to give out higher bonuses. But nothing that allowed them to expand their businesses, hire a bunch of new employee's. etc etc etc
The devaluation of the USD from the $8 trillion he spent ate up every dime of those tax cuts, and then some.
A 14% tax reduction, followed by a 15% decrease in the USD value.