Why Are Republicans So Bad At The Economy?

[marvin martian]

What is “rich”? 400k/yr?

According to Democrats, "rich" is anything over $28K per year, because that's the level at which the first Trump tax cuts took effect.

 

[Mac1958]

No, you don't. The facts and figures show that the GOP manages the economy down. Every time since the 1980s.

They bought into the "Greed is Good" thing and Reagan's "Government is the problem" speech line.

They may have suffered the most from the destruction of the middle class, but they'll never believe they helped cause it.

Limbaugh convinced them that the (R) after their name made them experts in macroeconomics.

 

[sartre play]

When did greed get more popular than the American dream?

 

[Dirk the Daring]

Why? Republicans push tax cuts—particularly tax cuts that favor wealthy people and large corporations.

The bottom half of earners already pay zero net federal income tax.
How can they get a tax cut?

It doesn’t work to stimulate the overall economy.

Tax cuts don't stimulate the economy? Why do you feel that way?
Any evidence to support your feelings?

But studies have clearly shown that trickle-down economics does not work.

Supply-side economics works every time it is tried.

Including by one of the most popular Democrat presidents of all time! JFK !

 

[Toddsterpatriot]

Running deficits and low interest rates during a crisis make sense.

We aren’t in a crisis. We should be able to lower the deficit and tolerate higher interest rates now. No?

Running deficits and low interest rates during a crisis make sense.

Obama had a crisis for all 8 years?

Or Obama was the crisis?

We aren’t in a crisis.

Not for a while now.

We should be able to lower the deficit and tolerate higher interest rates now. No?

Yes, that should have been happening for the last 3 years, at least.

Bring the DOGE!

 

[Marener]

Running deficits and low interest rates during a crisis make sense.

Obama had a crisis for all 8 years?

Or Obama was the crisis?

We aren’t in a crisis.

Not for a while now.

We should be able to lower the deficit and tolerate higher interest rates now. No?

Yes, that should have been happening for the last 3 years, at least.

Bring the DOGE!

After the crisis started to resolve, Obama worked with Republicans to lower deficits, successfully bringing it down to 2.5% of GDP. Not perfect, but definitely progress.

 

[Toddsterpatriot]

They bought into the "Greed is Good" thing and Reagan's "Government is the problem" speech line.

They may have suffered the most from the destruction of the middle class, but they'll never believe they helped cause it.

Limbaugh convinced them that the (R) after their name made them experts in macroeconomics.

They bought into the "Greed is Good" thing and Reagan's "Government is the problem" speech line.

He was right. Why is the federal government spending 50% more than pre-Covid numbers?

Limbaugh convinced them that the (R) after their name made them experts in macroeconomics.

Crazy, right? AOC is the real expert!
She saved her district $3 billion by stopping the new Amazon HQ.

 

[Toddsterpatriot]

After the crisis started to resolve, Obama worked with Republicans to lower deficits, successfully bringing it down to 2.5% of GDP. Not perfect, but definitely progress.

After the crisis started to resolve, Obama worked with Republicans to lower deficits,

When did Obama work with Republicans? Link?

 

[Marener]

After the crisis started to resolve, Obama worked with Republicans to lower deficits,

When did Obama work with Republicans? Link?

https://www.cnn.com/2023/05/30/politics/debt-ceiling-obama-spending-cuts

Man, you guys really don’t remember shit.

 

[Toddsterpatriot]

https://www.cnn.com/2023/05/30/politics/debt-ceiling-obama-spending-cuts

Man, you guys really don’t remember shit.

Imagine how much bigger Obama's $10 trillion dollar addition to the debt would have been without the sequester. And then he whined for the next 5 years that they didn't let him spend enough.

 

[Marener]

Imagine how much bigger Obama's $10 trillion dollar addition to the debt would have been without the sequester. And then he whined for the next 5 years that they didn't let him spend enough.

Maybe didn’t spend enough. That’s why the recovery was so slow.

What’s the excuse for Trump ramping up the debt the first few years of his presidency?

 

[Toddsterpatriot]

Maybe didn’t spend enough. That’s why the recovery was so slow.

What’s the excuse for Trump ramping up the debt the first few years of his presidency?

Right, $10 trillion added debt = not spending enough. DURR

Obama's spending was 20.7% of GDP in 2016.

Trump's
2017 20.6%
2018 20.1%
2019 20.9%

 

[Marener]

Right, $10 trillion added debt = not spending enough. DURR

Obama's spending was 20.7% of GDP in 2016.

Trump's
2017 20.6%
2018 20.1%
2019 20.9%

Trump’s deficit in 2019 was 4.6% of GDP, significantly higher than the 3.1% in 2016.

Spending is only one half of the equation.

 

[Toddsterpatriot]

Trump’s deficit in 2019 was 4.6% of GDP, significantly higher than the 3.1% in 2016.

Spending is only one half of the equation.

After the Dems took the House in 2018? Yeah.

 

[Marener]

After the Dems took the House in 2018? Yeah.

Weak. They had the House in 2017 and 2018 which were both worse than 2016.

Federal revenue dropped from over 17.7% in 2015 to 16.0% in 2019.

Almost as if those tax cuts didn’t actually pay for themselves.

 

[Toddsterpatriot]

Weak. They had the House in 2017 and 2018 which were both worse than 2016.

Federal revenue dropped from over 17.7% in 2015 to 16.0% in 2019.

Almost as if those tax cuts didn’t actually pay for themselves.

16.3% in 2019.

Almost as if those tax cuts didn’t actually pay for themselves.

Not at all? Partially?

 

[Marener]

16.3% in 2019.

Almost as if those tax cuts didn’t actually pay for themselves.

Not at all? Partially?

Why did Trump need to increase deficits from 2017 on? Why does he need to do it again now?

 

[Toddsterpatriot]

Why did Trump need to increase deficits from 2017 on? Why does he need to do it again now?

Do tax cuts 80% pay for themselves? 50%?

What's the number?

 

[C_Clayton_Jones]

When did greed get more popular than the American dream?

1981.

 

[Marener]

Do tax cuts 80% pay for themselves? 50%?

What's the number?

20%. Probably less.

Why did Trump need to increase the deficit?