MarcATL
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When did this occur?Unemployment rate has gone up to 4.2%.......
Watch Trump reverse Biden's dumpster-fire economy, and then watch Dems try to take credit for the success
- Thread starter Doc7505
- Start date
imawhosure
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They would not do that, would they, lol!
Watch Trump reverse Biden's dumpster-fire economy, and then watch Dems try to take credit for the success
When Trump brings the economy back from the brink, Biden and his Democrat allies will deserve no credit6 Dec 2024 ~~ Andy Puzder
Watch Trump reverse Biden's dumpster-fire economy, and then watch Dems try to take credit for the success
Trump will free America’s economy from Biden’s regulatory nightmare to encourage economic growth and domestic energy production, meaningfully reducing government overreach and lowering energy costs.www.foxnews.com
Democrats have no equals when it comes to taking undeserved credit and evading well-deserved blame. Consider a recent Time article titled "Don’t Give Trump Credit for the success of the Biden Economy." Of course, no one, including President-elect Trump, wants credit for Biden’s dumpster fire economy. That debacle just cost the Democrats an election.
So, what is Time’s piece all about? Well, it is part of an effort to position Democrats to take credit for what even they see as Trump’s coming economic turnaround.
It’s not the first time Democrats have tried to take credit for Trump’s economic success.
~Snip~
In three years, America’s economy went from stagnating to thriving precisely because Trump reversed virtually every one of Obama’s stifling big government policies and adopted energizing free market policies. Obama nonetheless attempted to claim credit for that success.
NBC News, among other legacy media sources, predictably ran a piece supporting this notion claiming that "Trump didn’t build a great economy he inherited it."
So, here we go again.
~Snip~
As a result, four years later, Biden is handing over an economy encumbered by an astounding record high debt of over $36 trillion and a record high annual deficit of $1.8 trillion. And the damage isn’t done. Recently, in just over the last 100 days, the federal debt soared an additional $1 trillion.
There are consequences for that kind of fiscal irresponsibility and both working- and middle-class Americans are suffering those consequences.
~Snip~
Obviously, we don’t have a revenue problem, we have a spending problem. We need to meaningfully reduce spending while we simultaneously increase tax revenue through economic growth.
To accomplish those goals, Trump will undo Biden’s economic policies as he did Obama’s.
To continue increasing tax revenue, Trump will keep the current low rates in place and selectively reduce rates to further encourage economic growth. This worked for Presidents Kennedy, Reagan and Trump (in his first term). It’s the plan for his second term, and it will work – again.
Commentary:
It's obvious that even before Trump has taken his oath of office once again that the economy is responding positively.
Buden's "Bidenomics" has resulted in inflation and massive spending that cannot be tolerated.
There's no doubt that Neo-Marxist Democrats will claim Trump inherited their peace dividend too. One would have to ask what Peace?
The only commonality for the Neo- Marxists is "Hatred". Hatred for Christians, hatred for America, hatred for Jews, hatred for Israel. hatred for MAGA's and especially hatred for DJT.
Moonglow
Diamond Member
- Banned
- #63
The United States' gross domestic product (GDP) in 2024 is expected to be $29,354.321 billionin the third quarter. The GDP is the total value of all goods and services produced within a country in a given time period.
Watch Trump reverse Biden's dumpster-fire economy, and then watch Dems try to take credit for the success
When Trump brings the economy back from the brink, Biden and his Democrat allies will deserve no credit6 Dec 2024 ~~ Andy PuzderWatch Trump reverse Biden's dumpster-fire economy, and then watch Dems try to take credit for the success
Trump will free America’s economy from Biden’s regulatory nightmare to encourage economic growth and domestic energy production, meaningfully reducing government overreach and lowering energy costs.
Democrats have no equals when it comes to taking undeserved credit and evading well-deserved blame. Consider a recent Time article titled "Don’t Give Trump Credit for the success of the Biden Economy." Of course, no one, including President-elect Trump, wants credit for Biden’s dumpster fire economy. That debacle just cost the Democrats an election.
So, what is Time’s piece all about? Well, it is part of an effort to position Democrats to take credit for what even they see as Trump’s coming economic turnaround.
It’s not the first time Democrats have tried to take credit for Trump’s economic success.
~Snip~
In three years, America’s economy went from stagnating to thriving precisely because Trump reversed virtually every one of Obama’s stifling big government policies and adopted energizing free market policies. Obama nonetheless attempted to claim credit for that success.
NBC News, among other legacy media sources, predictably ran a piece supporting this notion claiming that "Trump didn’t build a great economy he inherited it."
So, here we go again.
~Snip~
As a result, four years later, Biden is handing over an economy encumbered by an astounding record high debt of over $36 trillion and a record high annual deficit of $1.8 trillion. And the damage isn’t done. Recently, in just over the last 100 days, the federal debt soared an additional $1 trillion.
There are consequences for that kind of fiscal irresponsibility and both working- and middle-class Americans are suffering those consequences.
~Snip~
Obviously, we don’t have a revenue problem, we have a spending problem. We need to meaningfully reduce spending while we simultaneously increase tax revenue through economic growth.
To accomplish those goals, Trump will undo Biden’s economic policies as he did Obama’s.
To continue increasing tax revenue, Trump will keep the current low rates in place and selectively reduce rates to further encourage economic growth. This worked for Presidents Kennedy, Reagan and Trump (in his first term). It’s the plan for his second term, and it will work – again.
Commentary:
It's obvious that even before Trump has taken his oath of office once again that the economy is responding positively.
Buden's "Bidenomics" has resulted in inflation and massive spending that cannot be tolerated.
There's no doubt that Neo-Marxist Democrats will claim Trump inherited their peace dividend too. One would have to ask what Peace?
The only commonality for the Neo- Marxists is "Hatred". Hatred for Christians, hatred for America, hatred for Jews, hatred for Israel. hatred for MAGA's and especially hatred for DJT.
Here are some other GDP-related statistics for the United States in 2024:
- Real GDP growth: The real GDP increased at a 2.8% annual rate in the third quarter of 2024.
- Current-dollar GDP: The current-dollar GDP increased at a 4.7% annual rate in the third quarter of 2024.
- GDP per capita: The GDP per capita is expected to be $86.6 thousand in 2024.
- GDP as a share of world: The GDP as a share of the world is expected to be 14.99% in 2024.
When Trump left office GDP was 21.39 trillion USD...
Moonglow
Diamond Member
- Banned
- #64
Understanding America's Labor Shortage: The Most ...
U.S. Chamber of Commerce
https://www.uschamber.com › workforce › understandin...
Nov 22, 2024 — The manufacturing industry as a whole faced a major setback after losing roughly 1.4 million jobs during the onset of the pandemic.
This was during Trump and his first term...
Report yesterday.....in the news.
MarcATL
Diamond Member
- Aug 12, 2009
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So it was lower before recently, correct?
Yep
Marener
Diamond Member
- Jul 26, 2022
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Expecting to have a rational discussion about the economy with MAGAs is foolish.
Your knowledge and analysis is very shallow.
I respond to different people in different ways. Those who want a rational discussion get one. Those who just want to spew Orange Man Bad don't.
He's right you know.
rightwinger
Award Winning USMB Paid Messageboard Poster
- Aug 4, 2009
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Back to the question
Is Trump going to reverse all the jobs Biden produced like the OP claims?
Will he reverse the 27 percent stock increase this year?
No speculation permitted.
Marener
Diamond Member
- Jul 26, 2022
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Your “orange man good” garbage is not a rational discussion.
Doc7505
Diamond Member
- Feb 16, 2016
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- Thread starter
- #75
~~~~~~~
Let's not forget the $36 trillion deficit and interest that mist be paid is greater that the GDP.
Relying on the BEA or other gov't agencies to give us real GDP figures from this present administration is never good as a source... We've seen that with their emplyment numbers that have had to be revised down.
Feds end 2024 with $1.8 trillion deficit; national debt nears $36 trillion
In fiscal year 2024, the U.S. government spent nearly $900 billion on interest on the debt alone.
justthenews.com
Moonglow
Diamond Member
- Banned
- #76
Trump's last run was a debt builder, also, as is every president in US history but one. Trump will not stop deficit spending.~~~~~~~
Let's not forget the $36 trillion deficit and interest that mist be paid is greater that the GDP.
Relying on the BEA or other gov't agencies to give us real GDP figures from this present administration is never good as a source... We've seen that with their emplyment numbers that have had to be revised down.
Feds end 2024 with $1.8 trillion deficit; national debt nears $36 trillion
In fiscal year 2024, the U.S. government spent nearly $900 billion on interest on the debt alone.
Marener
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Not exactly.
A rational discussion would point out that some actions by one president affect the economy years after they leave office. Negatively or positively.
Those who blame inflation entirely on one president or the other are being reductive.
Being reductive is for the poorly informed partisan hacks.
The part of blaming Trump was spot on.
Two trillion-dollar deficits. Somewhat of a potential land mine to lower it with a negative effect. Other agendas must come into play.
Marener
Diamond Member
- Jul 26, 2022
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Sweeping generalizations are not rational.
Trump does indeed bear some blame. Not all. Some. Same with Biden. He bears some blame Not all. Some.
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