The Inconvenient Truth About The Economy: Democrats Do It Better

[22lcidw]

Too many variables, too many potential lagging effects of policy, too many domestic and global economic or news events creating cross currents that tug things here and there.

One thing I'd like to know is, when one party has control, how much it added to our debt as a percentage of the GDP at the time.

Outlying years of costs of agendas are not taken seriously. For legislation can be for the now. Medicaid and Medicare were supposed to cost a pittance with promises when enacted compared to the two trillion dollars a year total it is now. Near every program is the same. Since there is no real discussion on programs, the costs keep rising faster than inflation.

 

[Arresmillao]

I get tired of debunking this silly nonsense, but I'll do it again. Recessions are determined by which party controls the House since they enact and originate the most bills. Of the past 10 recessions, Democrats have controlled the House during nine of them. The lone exception was the 2000-01 dot.com bubble in which Clinton was asleep at the wheel while chasing chubby interns, leaving America unprepared for the 9-11 attacks.

LOL, you could use a good lesson in civics, the POTUS has the power of veto and legislation needs to be mediated between the executive and congress, after the party in power sets the fiscal agenda. To blame any given congress for failures of the administration requires a lot of imagination. The last huge downturn was caused by the incompetence of trump handling the pandemic, not congress, the great depression, deep in Bush's second term had little to do with congress, instead was the accumulation of ineptitude by Bush's administration, the same goes with Hoover's great depression, etc. The difference in the imminent next recession by trump is that the whole world is walking away from USA which will have repercussions for a very long time...

 

[Mashmont]

LOL, you could use a good lesson in civics, the POTUS has the power of veto and legislation needs to be mediated between the executive and congress, after the party in power sets the fiscal agenda. To blame any given congress for failures of the administration requires a lot of imagination. The last huge downturn was caused by the incompetence of trump handling the pandemic, not congress, the great depression, deep in Bush's second term had little to do with congress, instead was the accumulation of ineptitude by Bush's administration, the same goes with Hoover's great depression, etc. The difference in the imminent next recession by trump is that the whole world is walking away from USA which will have repercussions for a very long time...

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The economic downturn from COVID was caused by Democrat governors of NY and CA shutting their states down for over a year. Period.
Totally unnecessary and Trump didn't want it, but they did it to damage the national economy for the 2020 election.

 

[Hafar1014]

LOL, you could use a good lesson in civics, the POTUS has the power of veto and legislation needs to be mediated between the executive and congress, after the party in power sets the fiscal agenda. To blame any given congress for failures of the administration requires a lot of imagination. The last huge downturn was caused by the incompetence of trump handling the pandemic, not congress, the great depression, deep in Bush's second term had little to do with congress, instead was the accumulation of ineptitude by Bush's administration, the same goes with Hoover's great depression, etc. The difference in the imminent next recession by trump is that the whole world is walking away from USA which will have repercussions for a very long time...

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Carter created the worst two recessions in history. His own and the mortgage recession that occurred under Bush caused by the Community Reinvestments Act passed by Carter. Democrats in the house and senate blocked reforms.
. Chriss Dodd and Barney Fwank

Biden never created a recession but he did crush the economy with 9% inflation.
Reagan fixed the Carter disaster and Trump is fixing the Biden disaster

 

[Arresmillao]

Carter created the worst two recessions in history. His own and the mortgage recession that occurred under Bush caused by the Community Reinvestments Act passed by Carter. Democrats in the house and senate blocked reforms.
. Chriss Dodd and Barney Fwank

Biden never created a recession but he did crush the economy with 9% inflation.
Reagan fixed the Carter disaster and Trump is fixing the Biden disaster

That's what I call "MAGA imagination", to blame Carter for Bush's great recession three decades later, requires big balls

 

[Hafar1014]

That's what I call "MAGA imagination", to blame Carter for Bush's great recession three decades later, requires big balls
View attachment 1221334

The Community Reinvestment Act passed by democrats during Carter caused the mortgage recession. It forced banks to take on quotas of bad loans mainly in the black community. The government had to guarantee 90% of them and they all crashed under Bush who had no control of banking. Democrats did