Introduction: The topic to be discussed in this thread is the US economy 10 years ago when Obama was president and the Democrats held a majority in both chambers of the 111th congress vs. the economy today with Trump as president and the Democrats in control of the House and Republicans in control of the Senate in the 116th congress.
Rule #1: If you introduce any other time period into the discussion you must indicate who was president and which party held a majority in each chamber of what congress at that time. (For example: X economic event occurred in 2017 while Trump was president and the Republicans held a majority in both chambers of the 115th congress.)
Rule #2: No complaining about rule #1.
Rule #3: No off-topic posts.
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Ten years ago today Obama was in the White House and in the 111th congress the Democrats held a very comfortable majority in both chambers and even had a rare filibuster-proof supermajority in the Senate which they held until Scott Brown (R-Ma) was installed on February 4, 2010 when he took the seat formerly held by the late Ted Kennedy (D-Ma).
With the federal government under total control by the Democrats, the unemployment rate was into double digit territory at 10%, up from 7.2% in January 2009 when Obama and the 111th congress were sworn in. And even more troubling to Main street was the long term unemployment rate. A whopping 38.3% of the unemployed were unemployed for half a year or longer. Of course young adult black males under 25 were hit the hardest, with over half of them unable to find a job.
Employment Situation News Release
And the future of the US economy was looking rather dismal and bleak for Main street, because Obama and the Democrats were threatening to make energy prices "skyrocket" (Obama's word) via cap and tax legislation at a time when a growing number of people were already struggling to pay their bills. It was total economic insanity.
The Democrats seemed to be waging economic war on the working class and trying to force them onto or keep them on public assistance. They even bragged that under their "leadership" more and more formerly proud hard working able-bodied adults were bestowed the Democrat gift of the humbling experience of shamefully paying for their groceries with EBT cards.
And the Democrats' war against the working class was a major cause of the massive TEA party protests and the Republican revolution of 2010 when the Republicans won control of the House of Reps, gained several seats in the Senate and whooped Democrat ass at the state level, winning several governorships and control of several state legislatures and offices.
I know a lot of millennials because my beautiful wife is a millennial and most of her many friends with whom we socialize frequently have naturally become my friends too over the last several years. I also have 5 wonderful kids who are millennials. And as we all know, that generation tends to vote overwhelmingly Democrat. However, I've been seeing some positive signs as they mature, gain life experience/wisdom and become more politically astute. More and more of them are recognizing that voting Democrat is not in their best interests.
When the subject of politics comes up, one question I've been asking them lately is "Financially, are you better off now than than you were 10 years ago when the Democrats had all the power?"
So how about you, are you better off now than you were 10 years ago?
Rule #1: If you introduce any other time period into the discussion you must indicate who was president and which party held a majority in each chamber of what congress at that time. (For example: X economic event occurred in 2017 while Trump was president and the Republicans held a majority in both chambers of the 115th congress.)
Rule #2: No complaining about rule #1.
Rule #3: No off-topic posts.
=======================================
Ten years ago today Obama was in the White House and in the 111th congress the Democrats held a very comfortable majority in both chambers and even had a rare filibuster-proof supermajority in the Senate which they held until Scott Brown (R-Ma) was installed on February 4, 2010 when he took the seat formerly held by the late Ted Kennedy (D-Ma).
With the federal government under total control by the Democrats, the unemployment rate was into double digit territory at 10%, up from 7.2% in January 2009 when Obama and the 111th congress were sworn in. And even more troubling to Main street was the long term unemployment rate. A whopping 38.3% of the unemployed were unemployed for half a year or longer. Of course young adult black males under 25 were hit the hardest, with over half of them unable to find a job.
Employment Situation News Release
And the future of the US economy was looking rather dismal and bleak for Main street, because Obama and the Democrats were threatening to make energy prices "skyrocket" (Obama's word) via cap and tax legislation at a time when a growing number of people were already struggling to pay their bills. It was total economic insanity.
The Democrats seemed to be waging economic war on the working class and trying to force them onto or keep them on public assistance. They even bragged that under their "leadership" more and more formerly proud hard working able-bodied adults were bestowed the Democrat gift of the humbling experience of shamefully paying for their groceries with EBT cards.
And the Democrats' war against the working class was a major cause of the massive TEA party protests and the Republican revolution of 2010 when the Republicans won control of the House of Reps, gained several seats in the Senate and whooped Democrat ass at the state level, winning several governorships and control of several state legislatures and offices.
I know a lot of millennials because my beautiful wife is a millennial and most of her many friends with whom we socialize frequently have naturally become my friends too over the last several years. I also have 5 wonderful kids who are millennials. And as we all know, that generation tends to vote overwhelmingly Democrat. However, I've been seeing some positive signs as they mature, gain life experience/wisdom and become more politically astute. More and more of them are recognizing that voting Democrat is not in their best interests.
When the subject of politics comes up, one question I've been asking them lately is "Financially, are you better off now than than you were 10 years ago when the Democrats had all the power?"
So how about you, are you better off now than you were 10 years ago?
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