Economic growth comes only from Republican inventions?

[EdwardBaiamonte]

, you're arguing shades of grey.

cutting taxes and govt is not hiking taxes and government

 

[Oddball]

..Supply-side is just a little tinkering around with the Keynesian central planner model...

it opposing it which is not tinkering around with it. Do you understand?

Supply-side is tinkering around.

It still presumes that central planner bureaucrats and technocrats are best suited to lord over the economy....It rejects laissez--faire.

It doesn't question the validity of The State confiscating and redistributing the income of the productive, it just argues what the "right balance" of semi-slavery to The State is appropriate.

It doesn't reject a worthless fiat currency, and the printing up more to meet short-term exigent circumstances.


Supply-side is a Keynesian turd with a different color of polish.

 

[sealybobo]

The green new deal when it finally happens will be an economic boom. Like y2k

1) First new deal was a depression; second green new deal looks worse
2) Y2K was not boom or bust but neutral

your post was garbage logic

You're an idiot. The IT industry made a killing on Y2K. Companies spent a fortune making sure nothing bad happened. It was great for workers and the economy.

 

[EdwardBaiamonte]

You're an idiot. .

oh no you are an idiot!!
( this is a liberals idea of debate)

 

[EdwardBaiamonte]

Supply-side is tinkering around.

.

more accurately, its decreasing govt to increase the private sector

 

[EdwardBaiamonte]

It still presumes that central planner bureaucrats and technocrats are best suited to lord over the economy...

no, it presumes central govt taxes should be reduced to help free up the economy.

 

[EdwardBaiamonte]

..It rejects laissez--faire.

impossible of course since it moves toward capitalism or laissez-faire. It is the opposite of rejection.

 

[EdwardBaiamonte]

It doesn't question the validity of The State confiscating and redistributing the income of the productive,
.

of course it would be stupid to do so since taxing was considered valid by 99.99% of all governments in human history.

 

[EdwardBaiamonte]

it just argues what the "right balance" of semi-slavery to The State is appropriate.

only if you consider taxing someone semi-enslaving him.

 

[EdwardBaiamonte]

It doesn't reject a worthless fiat currency,

of course if it was worthless you'd be happy to give me all of yours.

 

[EdwardBaiamonte]

Supply-side is a Keynesian turd with a different color of polish.

in fact, supply side to cutting govt to increase the supply of goods and services while Keynesianism is, in theory, increasing govt to increase supply.

 

[sealybobo]

You're an idiot. .

oh no you are an idiot!!
( this is a liberals idea of debate)

2.3% growth in 2019. Failure. No better than Obama

 

[sealybobo]

Supply-side is a Keynesian turd with a different color of polish.

in fact, supply side to cutting govt to increase the supply of goods and services while Keynesianism is, in theory, increasing govt to increase supply.

Trump is spending like crazy stimulating the economy through military spending. If he didn’t his numbers would be bad

 

[EdwardBaiamonte]

2.3% growth in 2019. Failure. No better than Obama

It's far far better than what we'll get from Green New Deal Second Great Depression and Communist Revolution.

 

[EdwardBaiamonte]

Trump is spending like crazy stimulating the economy through military spending. If he didn’t his numbers would be bad

govt spending does not stimulate but rather depresses the private economy by draining money out of it. 1+1=2

 

[sealybobo]

2.3% growth in 2019. Failure. No better than Obama

It's far far better than what we'll get from Green New Deal Second Great Depression and Communist Revolution.

No it's not. It's the same as what we got before Trump. He promised 3, 4 even 5% growth. He delivered exactly what Obama was delivering and Obama didn't have to pass the biggest tax break in American history to do it. A gift to the rich. Idiots.

 

[sealybobo]

Trump is spending like crazy stimulating the economy through military spending. If he didn’t his numbers would be bad

govt spending does not stimulate but rather depresses the private economy by draining money out of it. 1+1=2

Probably not true. Think about it. Today you CONS don't give a fuck about the debt. So Trump is racking up debt and giving it to private military contractors and defense companies. He is stimulating the economy with all his defense spending. Who's he spending that money on? Who's making all those weapons? Private companies.

The amount the United States increased in defense spending between 2018 and 2019 was nearly the same as the United Kingdom's entire defense budget.

2019 saw the biggest increase in global military spending in a decade, according to data published Friday, which also showed the United States ramping up war expenditures under President Donald Trump.

The U.S. continued to claim top spot in military expenditures, spending $638 billion in 2019. China was the second biggest spender at $185 billion. Both countries' spending grew 6.6% compared to the prior year.

If not for this spending Trump's jobs numbers and growth would be much lower.

"The budget increase in the U.S. was the largest in 10 years, and spending has increased year-on-year since U.S. President Donald Trump took office. While spending is still rising in China, the pace of growth is decelerating." As a result, the spending gap between the two countries has widened.

Trump’s 2020 budget increases defense spending by 5 percent, funds Space Force

Trump’s 2020 budget increases defense spending by 5 percent, funds Space Force - SpaceNews.com

I remember one month last year the jobs numbers came out. If it wasn't for the increased military/government spending Trump's numbers would be worse and he only had 2.3% growth last year, mostly due to his trade wars with China Canada and Mexico.

 

[sealybobo]

Yet Trump is far behind the pace needed to fulfill his campaign boast that he will be “the greatest jobs president that God ever created.” At this rate he will not even come up to the gains made during Obama’s final term. The average monthly gain under Trump so far is 191,000 — compared with an average monthly gain of 217,000 during the four years before he took office.

The labor force participation rate is the portion of the entire civilian population age 16 and older that is either employed or currently looking for work in the last four weeks. Republicans often criticized Obama for the decline during his time, even though it was due mostly to the post-World War II baby boomers reaching retirement age, and other demographic factors beyond the control of any president.

Since Trump took office, the rate has fluctuated in a narrow range between 63.2% and 62.8%. It was at its highest in December — 0.4 percentage points above where it was the month Trump took office.

Manufacturing Jobs —Manufacturing jobs increased under Trump, but the early growth slowed to a crawl last year.

Overall, the number is up by 487,000 under Trump. That followed a net decrease of 193,000 under Obama.

But the gain in factory jobs came almost entirely in 2017 and 2018, when 458,000 manufacturing jobs were added — a gain of 3.7%, faster growth than the 3.4% for total employment.

Last year Trump’s trade disputes and tariffs took a toll on the manufacturing sector. During 2019, factory jobs increased by only 46,000, a gain of 0.4%, compared with 1.4% for overall employment.

The number of manufacturing jobs is still 891,000 below where it was in December 2007, at the start of the Great Recession.

Economic Growth
The economy grew somewhat faster under Trump — but not at the rate he promised. Real (inflation-adjusted) gross domestic product was growing at an annual rate of 2.1% during the third quarter of 2019, after going up 2.9% in 2018 and 2.4% during his first year in office.

Initial estimates of fourth-quarter GDP and full-year 2019 GDP are due out Jan. 30, but there’s little reason to think growth picked up much, if at all. The “GDPNow” forecast produced by the Federal Reserve Bank of Atlanta projects that the fourth-quarter growth rate will come in at 1.8% based on several economic indicators that are already known.

Growth under Trump has averaged far less than the 4% to 6% per year that he promised repeatedly, both when he was a candidate and also as president. And most economists believe growth will remain far below what Trump promised:

Trump's Numbers January 2020 Update

 

[EdwardBaiamonte]

No it's not. .

Sure it is, the first New Deal was a Great Depression. The second Green New Deal will be worse. Why would it be different. Most liberals will lack the IQ to know that the New Deal was the Great Depression.

 

[EdwardBaiamonte]

It's the same as what we got before Trump. .

that is largely true but before Trump we had a conservative guy named Obama; after Trump they are proposing another New Deal Great Depression. Do you understand now??