The idea that Americans think putting republicans in power will improve the economy is just nonsense as always

[Nostra]

Revenue as a percentage of GDP, the only way to accurately measure the effect of revenue, went down. You can whine and cry that didn’t happen but it did lol

Hey stupid, that bullshit won’t fly.

Revenues increased EVERY YEAR after the Trump across the board tax cuts.

Keep spinning, but nobody is buying your lame ass bullshit.

 

[Billy000]

Hey stupid, that bullshit won’t fly.

Revenues increased EVERY YEAR after the Trump across the board tax cuts.

Keep spinning, but nobody is buying your lame ass bullshit.

It increases every year either way unless there is a recession idiot. This is partly because of inflation. More dollars are needed to pay for the exact same programs year after year.

 

[Nostra]

Lol I love you try desperately for your “nuance” in my article yet your final point is questioning my source? Does that mean you don’t trust your points being made? Talk about being a moron.

We’ve been talking a lot about the debt but we should be putting more emphasis on the deficit. That is how budget is actually affected by policy. Also, I want to point out how stupid it is you think Obama’s two terms vs Trump’s one term is somehow irrelevant to their contributions to the debt. Obviously that matters.

Why does it matter? Because Obama’s deficit contribution is basically equaled to Trump’s. The deficit under Obama went up by 6.7 trillion and Trump’s was 6.6 trillion. You want to be like “well Obama’s contribution is bigger!”. While that’s true, obviously the amount of time matters here. I mean it’s a huge caveat to ignore dude. One term vs two terms.

U.S. Budget Deficit by President

Here are the budget deficits for each president back to Woodrow Wilson. Obama had the highest dollar increase, but Wilson had the biggest percentage rise.

www.thebalancemoney.com

You also clearly cherry picked my article to downplay the effect of tax cuts. Again, if spending goes up or stays the same, the deficit will increase if taxes are cut. That is basic economics. Trump’s 2017 tax cut was a major driving force of his deficit contribution. It’s the most salient point about democrat vs republican policy but you want to pretend it doesn’t matter.

When Obama was sworn in on Jan. 20, 2009, the debt was $10.626 trillion.1 When he left office on Jan. 20, 2017, it was $19.937


What orifice did you pull $6.7 Trillion out of?

 

[Nostra]

It increases every year either way unless there is a recession idiot. This is partly because of inflation. More dollars are needed to pay for the exact same programs year after year.

So you admit you lied when you said revenues went down after the Trump across the board tax cuts.

 

[Toddsterpatriot]

When Obama was sworn in on Jan. 20, 2009, the debt was $10.626 trillion.1 When he left office on Jan. 20, 2017, it was $19.937


What orifice did you pull $6.7 Trillion out of?

And Bush got charged for the TARP loans that were repaid under Obama.

 

[WTH_Progs?]

Lol I love how you tell me to prove it while in your final point you acknowledge it ended then. You really are a useless troll huh?

This really is basic common sense. We lost several millions of jobs in the Bush recession. Naturally the economy can’t possibly create more than a few hundred thousand jobs every month. Since that recovery did have a few hundred thousand added jobs per month, the PACE was where it should have been.

The pace is where it should have been Billy says. Cuz you know, Obama was PERFECT.

And Billy is perfect too, he knows the right pace when he sees it.

No Billy, the recovery was slow as fuck due leftism.

Say, took Trump about 6 months to turn a 15.8 unemployment rate to 6.7%. You know, the recovery was "where it should have been".

Your Bush recession occurred with a Democracked congress BTW, who ignored the warnings. Even Bush's warnings.

 

[Lesh]

The pace is where it should have been Billy says. Cuz you know, Obama was PERFECT.

And Billy is perfect too, he knows the right pace when he sees it.

No Billy, the recovery was slow as fuck due leftism.

Say, took Trump about 6 months to turn a 15.8 unemployment rate to 6.7%. You know, the recovery was "where it should have been".

Your Bush recession occurred with a Democracked congress BTW, who ignored the warnings. Even Bush's warnings.

Maybe you missed it...but the debt went up almost 3 trillion in Trump's first two years.

Those tax cuts didn't seem to lower much of anything...

 

[WTH_Progs?]

Maybe you missed it...but the debt went up almost 3 trillion in Trump's first two years.

Those tax cuts didn't seem to lower much of anything...

Maybe you missed it Lesh. Obama lowered corporate tax, let that simmer a bit, sucks to be a leftist. Obama's debt to GDP was worse than Trump's.

Fucking A too, the debt increased 3.5T Obama's first two years. Considering debt is progressive as well, Trump > Obama, clearly. Say something else stupid, Lesh. Leftists are too easy, tweet tweet tweet tweet tweet.

Note: Debt will have increased 4 trillion on Biden's watch. Reagan's fault?

 

[badbob85037]

Understandably, inflation is the top concern among voters right now. The problem is that it should not affect their midterm vote. Putting republicans in power is not going to do ANYTHING to curb inflation. Even if there was an economic policy that could drastically reduce current inflation, republicans sure as hell would not pass it. It’s not like they have a nuanced, informed strategy for the economy. All they ever do is cut taxes for corporations or top earners which has no real effect on the middle class or poor. All it really accomplishes is blowing up the deficit.

Do i even need to point out that blowing up the deficit does not help inflation?

We know that they will blow up the deficit because obviously Trump did.

American voters are always deluding themselves. They just seem to forget that republicans do jack shit. What they should be reminded of is that the economy, historically, performs better under democrats. I’m not going to pretend that democrats have done much of anything about the current inflation issue, but since every other economic metric has done well under democrats, we might as well keep them in power.

Democrat or Republican: Which Political Party Has Grown the Economy More?

Democrats and Republicans have different views on the economy and different ideas about what's best for growth. Which party has boosted the economy more?

www.thebalancemoney.com

Donald Trump Built a National Debt So Big (Even Before the Pandemic) That It’ll Weigh Down the Economy for Years

That's stupid talking. If you did some research and not just repeat what other idiots tell you you would know when a democRat moves into the White House, every time both the stock market and economy take a shit. Prove me wrong.

 

[badbob85037]

Maybe you missed it...but the debt went up almost 3 trillion in Trump's first two years.

Those tax cuts didn't seem to lower much of anything...

Then give it back.

 

[Stryder50]

Lol the actions of Bush at the end of his term? Dude you’re just making shit up right now. He didn’t do shit. God you lack any objectivity, don’t you? You’re just going to knee jerk assume republicans are responsible for anything good and democrats anything bad.

It would seem as a "Democratic Socialist" you are the one lacking objectivity.
See your OP=Opening Post that started this thread. Nothing objective there.
Here's your sister;

Whoopi Goldberg freaks out over media not reporting on 'real culprit' behind inflation: 'Corporate profits'​

...
"The View" co-host Whoopi Goldberg blamed the media on Thursday for not reporting on corporations being the "real culprit" behind soaring inflation, as she shifted blame away from the Democratic Party.

"You know so, one of the things that has been making me crazy is when people say, ‘well why don’t the Democrats get the message out?’ I figured out that it’s not the Democrats who are having the problem. The media is not reporting any of this because I came across this information yesterday out of the blue," she said.
...

Whoopi Goldberg freaks out over media not reporting on 'real culprit' behind inflation: 'Corporate profits'

 

[MagicMike]

Understandably, inflation is the top concern among voters right now. The problem is that it should not affect their midterm vote. Putting republicans in power is not going to do ANYTHING to curb inflation. Even if there was an economic policy that could drastically reduce current inflation, republicans sure as hell would not pass it. It’s not like they have a nuanced, informed strategy for the economy. All they ever do is cut taxes for corporations or top earners which has no real effect on the middle class or poor. All it really accomplishes is blowing up the deficit.

Do i even need to point out that blowing up the deficit does not help inflation?

We know that they will blow up the deficit because obviously Trump did.

American voters are always deluding themselves. They just seem to forget that republicans do jack shit. What they should be reminded of is that the economy, historically, performs better under democrats. I’m not going to pretend that democrats have done much of anything about the current inflation issue, but since every other economic metric has done well under democrats, we might as well keep them in power.

Democrat or Republican: Which Political Party Has Grown the Economy More?

Democrats and Republicans have different views on the economy and different ideas about what's best for growth. Which party has boosted the economy more?

www.thebalancemoney.com

Donald Trump Built a National Debt So Big (Even Before the Pandemic) That It’ll Weigh Down the Economy for Years

More facts.

Back when the Trump tax cuts were being debated, economists warned the cuts could eventually lead to out-of-control inflation. And, economists said, the cuts would force the government to borrow to deal with emergencies. In 2021, ProPublica reported the national debt rose by almost $7.8 trillion during Trump’s time in office. That didn’t help the government’s ability to borrow. Ouch.

Back in 2017, no one knew the COVID-19 pandemic would strike. But it did, along with a war in Ukraine. More emergencies are inevitable. That’s why it was smart that President Joe Biden in August signed a minimum corporate tax of 15% into law. If that’s repealed, as some Republicans want, it would allow many corporations to return to paying 0%.

Trump’s 2017 tax cuts helped set stage for today’s inflation. Doubling down will make things worse. Trump’s 2017 tax cuts helped set stage for today’s inflation. Doubling down will make things worse.

 

[Nostra]

More facts.

Back when the Trump tax cuts were being debated, economists warned the cuts could eventually lead to out-of-control inflation. And, economists said, the cuts would force the government to borrow to deal with emergencies. In 2021, ProPublica reported the national debt rose by almost $7.8 trillion during Trump’s time in office. That didn’t help the government’s ability to borrow. Ouch.

Back in 2017, no one knew the COVID-19 pandemic would strike. But it did, along with a war in Ukraine. More emergencies are inevitable. That’s why it was smart that President Joe Biden in August signed a minimum corporate tax of 15% into law. If that’s repealed, as some Republicans want, it would allow many corporations to return to paying 0%.

Trump’s 2017 tax cuts helped set stage for today’s inflation. Doubling down will make things worse. Trump’s 2017 tax cuts helped set stage for today’s inflation. Doubling down will make things worse.

It's the spending, Stupid.

 

[MagicMike]

It's the spending, Stupid.

It's Trump's tax cuts stupid.

 

[CrusaderFrank]

Republicans had full control 2018 and on.

In fairness, Republicans were also responsible for the Roaring 20's and the multi-decade Reagan Boom which added trillions to the economy

 

[Toddsterpatriot]

More facts.

Back when the Trump tax cuts were being debated, economists warned the cuts could eventually lead to out-of-control inflation. And, economists said, the cuts would force the government to borrow to deal with emergencies. In 2021, ProPublica reported the national debt rose by almost $7.8 trillion during Trump’s time in office. That didn’t help the government’s ability to borrow. Ouch.

Back in 2017, no one knew the COVID-19 pandemic would strike. But it did, along with a war in Ukraine. More emergencies are inevitable. That’s why it was smart that President Joe Biden in August signed a minimum corporate tax of 15% into law. If that’s repealed, as some Republicans want, it would allow many corporations to return to paying 0%.

Trump’s 2017 tax cuts helped set stage for today’s inflation. Doubling down will make things worse. Trump’s 2017 tax cuts helped set stage for today’s inflation. Doubling down will make things worse.

Back when the Trump tax cuts were being debated, economists warned the cuts could eventually lead to out-of-control inflation.

Which ones? Why?

President Joe Biden in August signed a minimum corporate tax of 15% into law. If that’s repealed, as some Republicans want, it would allow many corporations to return to paying 0%.

If they have zero net profit, what tax rate should they be paying?

 

[Billy000]

In fairness, Republicans were also responsible for the Roaring 20's and the multi-decade Reagan Boom which added trillions to the economy

So were they not responsible for the crash for some reason? Hoover was a Republican lol. Oh and Roosevelt, a democrat, got us out of the depression lol

 

[CrusaderFrank]

So were they not responsible for the crash for some reason? Hoover was a Republican lol. Oh and Roosevelt, a democrat, got us out of the depression lol

You know the Fed withdrew 1/3 of the money supply and caused the crash, right?

FDR extended the Great Depression by 8 years and it only ended when Hitler invaded France and US entry into WWII was a foregone conclusion. FDR AVERAGED 20% unemployment over his first 2 terms, greatest disaster ever!

 

[Mac1958]

GQPers are told they're experts on markets and economy because they listen to talk radio. In reality, all they "know" about markets and the economy is what they are told by MAGA media.

And lest we forget, they don't even realize that "the greatest economy ever" (ha) was driven by the Fed, and the man they adore made Keynes himself turn over in his fucking grave:

Trump calls on Fed to cut rates by 1% and urges more quantitative easing

In a two-part tweet, the president says more easing would make the economy "go up like a rocket."

www.cnbc.com

 

[Billy000]

You know the Fed withdrew 1/3 of the money supply and caused the crash, right?

Oh gee how convenient you deflect the blame to someone else. I actually don’t even think this was Hoover’s fault. I’m just explaining why your point was dumb. What actually happened was the combination of things. The biggest problem was excessive wall street speculation, which interestingly enough, was something the Fed warned against doing 4 years prior. Other factors were supply problems and mounting private debt among citizens and businesses from easy credit loans.