WTH_Progs?
Diamond Member
- Feb 19, 2019
- 12,229
- 10,369
- 2,140
Narrations Vs reality
Supposedly Reaganomics doesn't work. In this case you ignore the standard of living increased rapidly under Reagan as did the GDP, as we saw our greatest strength.
Riding on the coattails of Reaganomics, new technology such as the computer you're looking at, and selling out to China under the Clinton admin. of which we witness the long-term affects, Clinton was able to pretend to balance the budget. As part of the mix, he was able to tax corp. higher rates because at the time we still had all the cards as well.
The recession as Clinton was leaving office doesn't count.
Today Reaganomics has proved a failure. Best ignore we lost to China, the internet, globalization, immigration and all the stuff that comes with it. Just know your state of affairs are Reagan's fault, as he hasn't been POTUS in 40 years but his ghost is still running shit.
The housing & world economic crash was Bush's fault. Assuming you ignore the table was set beforehand and congress was under the control of Democrats. Best to ignore the Democrats controlled both houses and POTUS when we reached our deepest depths as well.
Obama saved us. Assuming you ignore basic common sense economic principles and are unaware recovery was stagnated.
Trump rode Obama's coattails. Assuming you ignore that growth was slow under Obama, especially during his last year, and growth increased more rapidly under Trump.
But then Trump blew Obama's economy away when COVID struck. COVID is just an excuse, Trump blew-up the entire world economy too. The 40% growth in GDP during Trump's last two quarters are best ignored.
Biden saved us. Just when new COVID cases were twice what they were one year earlier they lifted the mask restrictions and all is well
Biden created a lot of jobs too
, all in just a few months.
Supposedly Reaganomics doesn't work. In this case you ignore the standard of living increased rapidly under Reagan as did the GDP, as we saw our greatest strength.
Riding on the coattails of Reaganomics, new technology such as the computer you're looking at, and selling out to China under the Clinton admin. of which we witness the long-term affects, Clinton was able to pretend to balance the budget. As part of the mix, he was able to tax corp. higher rates because at the time we still had all the cards as well.
The recession as Clinton was leaving office doesn't count.
Today Reaganomics has proved a failure. Best ignore we lost to China, the internet, globalization, immigration and all the stuff that comes with it. Just know your state of affairs are Reagan's fault, as he hasn't been POTUS in 40 years but his ghost is still running shit.
The housing & world economic crash was Bush's fault. Assuming you ignore the table was set beforehand and congress was under the control of Democrats. Best to ignore the Democrats controlled both houses and POTUS when we reached our deepest depths as well.
Obama saved us. Assuming you ignore basic common sense economic principles and are unaware recovery was stagnated.
Trump rode Obama's coattails. Assuming you ignore that growth was slow under Obama, especially during his last year, and growth increased more rapidly under Trump.
But then Trump blew Obama's economy away when COVID struck. COVID is just an excuse, Trump blew-up the entire world economy too. The 40% growth in GDP during Trump's last two quarters are best ignored.
Biden saved us. Just when new COVID cases were twice what they were one year earlier they lifted the mask restrictions and all is well

Biden created a lot of jobs too

Last edited: