You are unemployed and want a new job, under a Democratic president you have a better chance of getting one!

[Stryder50]

LOLOLOL

Now I see the problem here...

You're ******* nuts.

Here's a screenshot from that BEA spreadsheet showing exactly what I posted...

View attachment 1002351​

... which of course is exactly what I posted since all I did was copy/paste the data from their spreadsheet and then typed in a header.

Now everyone here sees you're dumb as shit. Too stupid to navigate a link... too stupid to think I posted from my own personal spreadsheet... too stupid to scroll down in the BEA spreadsheet to the years Obama was in office. No wonder you looked at the debtclock showing 162m jobs in 2000 and didn't even think to question how we could possibly have fewer jobs in 2024 than we did in 2000.

Part Two;
Because earlier DebtClock pages don't show as much data and tallies as the current one, and other data at the US Debt Clock shows declines and worsening economic situation in past couple of decades;

https://www.usdebtclock.org/index.html

................. U.S. Debt Clock shows ..................................
............................................................ NOW .......................................... 2000

Not In Labor Force: 100,240,564 82,533,593
Manufacturing Jobs: 12,954,097 17,165,332
Median Income 39,677 31,967
Average New Car Price 48,989 22,440
Median New House Cost 405,973 166,274
........................................................
As we see with these sample data, new car price more than doubled, new home costs almost tripled, yet wages/income only increased about 25%.
Meanwhile less manufacturing jobs (went to China and other countries) and larger percentage not in labor force (living off of others).
One could also compare growth in Federal Debt, especially as percent of GDP; and the economic situation is even more worse.
Collectively the USA economy is in a tailspin and most citizens are grossly penalized now.

 

[Stryder50]

The 2008 financial crisis is a clear example of when deregulation and tax cuts didn't benefit the middle class. In the years leading up to the crisis, there was significant deregulation in the financial sector, including the repeal of the Glass-Steagall Act in 1999, which allowed commercial banks to engage in risky investment activities.

Glass-Steagall didn't prevent banks from writing bad mortgages. It wouldn't have prevented the crisis. The GSE mandates to buy subprime mortgages were a regulation that caused harm, right?

Yup!
Federal Gov'mint was mandating giving mortgages to many who wouldn't have qualified previously and when they defaulted on the mortgage payments that catalyzed the recession.

 

[Faun]

I only copy-pasted a part of the top of that spreadsheet to provide an example, while not burning up bandwidth like you and a few others do.

Numbnuts, you could have copied and pasted the relevant portion of that spreadsheet. Instead, you falsely accused me of making up thd numbers I posted, even though the spreadsheet you downloaded from bea.gov has the exact same numbers I posted.

How dishonest of you.

 

[Stryder50]

If it wasn't for more left-leaning Dems, stopping Trump from having his way, the working class would've had it much worse. It's a fact, that the tax cuts did nothing to help working class families and significantly reduced taxes for the rich. If he wins again, he won't do much if anything for the working class.

Meant this working class chap saw less federal taxes to pay and growth in value of my 401Ks and Union Pension. Which have declined last few years with parasite and economic dunce Biden and company in charge.

 

[Stryder50]

Numbnuts, you could have copied and pasted the relevant portion of that spreadsheet. Instead, you falsely accused me of making up thd numbers I posted, even though the spreadsheet you downloaded from bea.gov has the exact same numbers I posted.

How dishonest of you.

Your embedded link didn't take directly to the source you claimed, see my posted with a corrected and easier to use link/URL.
Your embedded link only showed a spreadsheet page, but no clear indication it was from a government website.
Since you didn't, and often still don't, provide clear and unambiguous proof and documentation you are suspect of fabrication.
We've seen such often in your past posting record.

 

[jc456]

There you go! China is at fault.

didn't wuhan come from China?

Having said that, who was president when that happened and allowed it to happen to a higher degree than it should have?

are you suggesting trump created the virus in China? that He, not Fauci, was doing gain of function? hahahhaahahaha now you've lost your mind.

Trump! Trump failed to control or beat the Chinese.

tariffs knocked the snot out of them

They were better than Trump. They caused over 1.4 million Americans to die and Trump was not good enough to beat the Chinese.

Hey, he was so bad that he raised tariffs on them and the tariffs cost us more than the Chinese.

how? explain how you come to that conclusion?

 

[Luckyone]

If you had been in Trump's position as POTUS, what would you have done in January-February 2020 different than he did?

Especially given what was known then, which included limited and distorted information from China on the disease.

The CCP COVID caused far more deaths in other nations of the world and they did even less to penalize China than the USA did.

I said you libturds ~ MSM, DNC, etc. ~ criticized Trump, not that you had political power other than your seats in Congress.

When you consider how much of our debt is held by the Chinese, and how a majority of our manufactured imports are from China, there are realistic limits to what could have been done that wouldn't have hurt the USA more than China.

Leftist lies to the contrary, a POTUS is not a dictator. Though admittedly most DemocRAT POTUS think they are a dictator.

If you really want to know the absolute reality of how Trump messed it up, watch this video that details step by step what Trump did (and did not do) during the Corona Virus. I dare you to watch it and not understand exactly why Trump truly botched our response and was the cause of at least 200,000 to 40,000 UNNECESSARY American deaths,

Then again, if you have an agenda of degrading everyone else except Trump, then you will not watch the video. By the way, this video is not biased and it is not opinion. It is hard fact.

Watch is and get back to me. Don't watch it and forget debating with me from here on in.

 

[Luckyone]

From here on in, you can take your views directly to the Bureau of Labor Statistics and argue with them THEIR numbers.

The BLS numbers are fine, it's your moronic misinterpretation of them that I have an issue with.

I am finished with this conversation.

You'll stop making stupid claims? Or you'll ignore it when I point out your stupid claims?

Trickle down economics does not work

Cutting taxes and reducing moronic regulations works every time it's tried.

I dare you to prove that statement, taking everything into consideration (national debt, the economy, the well being of everyone - not just the rich, inflation, etc.)

 

[Luckyone]

I used "fake news" to also refer to the conclusions one makes in their posts as well as/in place of their sources. The "disagree" is too vague and imprecise. We could use, but don't have a "Liar" or "you are wrong" that would be more accurate.

The conclusion that I offered is the same one that was offered in the video and is offered everywhere.

Proof of the fighting between the Republicans is:

1) the Republicans got rid of McCarthy by themselves
2) the Far Right attempted to put Jim Jordan up and the Republicans themselves stopped it
3) The Lincoln Project against Trump are all Republicans
4) there is a big group of Republicans called the "Never-Trumpers"
5) over 23 Trump cabinet members that he chose and put in office no longer support him

So tell me where there is any FAKE NEWS or a reason to disagree with the statement I made about the Republican party fighting among themselves?

In the case you refer to here, it wasn't the video but your interpretation/implication that I was tagging as "fake news".

No interpretation. See above

I do Komrade with a "k" for the benefit of our marxists here, like you.

Well, evidently you are more Marxist than I am, given that you knew that they spell Komrade with a "K". I did not know that. I have always used the word Comrade when talking about Russians.

Your post has now been totally defused for any veracity. I wonder how much Putin pays for this kind of misinformation being spread?

 

[TruthNotBS]

Let's talk about wage stagnation. According to data from the Economic Policy Institute, from 1979 to 2019, the top 1% of earners saw their wages grow by 158%, while the bottom 90% saw only a 24% increase. Meanwhile, productivity increased by 70.3% during this period.

That's not proof that tax cuts and deregulation caused the top 1% to grow more than the bottom 90%.

Elaborate.

You mentioned the recipe for a downturn, what does he say for an expansion?

1. Tax Cuts Favoring the Wealthy​

• Repeated tax cuts, such as those implemented under the Reagan, Bush, and Trump administrations, have disproportionately benefited the wealthy. These cuts reduce the tax burden on high-income earners and corporations, allowing them to accumulate more wealth while reducing government revenue for social programs that support the working class.

2. Deregulation of Industries​

• Deregulation, particularly in the financial sector, has allowed corporations and wealthy individuals to engage in risky and speculative activities that concentrate wealth at the top. This includes the repeal of the Glass-Steagall Act and the rise of shadow banking, which contributed to the 2008 financial crisis and its aftermath.

3. Decline of Labor Unions​

• The decline of labor unions due to anti-union policies, corporate resistance, and weakening labor laws has diminished workers' bargaining power. This has led to stagnant wages, reduced benefits, and less job security for the working class, while corporate profits and executive pay have soared.

4. Globalization and Outsourcing​

• Globalization and the outsourcing of manufacturing jobs to countries with cheaper labor have decimated many well-paying jobs in the U.S. The shift to a service-based economy has often meant lower wages and less stability for American workers, while corporations have increased their profits by cutting labor costs.

5. Rising Healthcare Costs​

• The rising cost of healthcare, exacerbated by the weakening of the Affordable Care Act and the lack of universal healthcare, has placed a significant financial burden on the working class. Meanwhile, healthcare corporations and pharmaceutical companies have seen their profits grow.

6. Soaring Housing Costs​

• The cost of housing has skyrocketed in many parts of the country due to a combination of factors, including real estate speculation, gentrification, and a lack of affordable housing development. This has made it increasingly difficult for working-class families to afford rent or buy homes, while wealthy investors have profited from the real estate market.

7. Stagnant Wages​

• Despite increases in productivity, wages for the working class have remained largely stagnant over the past few decades. This is in part due to the decline in union power and the shift toward low-wage service jobs. Meanwhile, executive compensation and corporate profits have reached unprecedented levels.

8. Student Debt Crisis​

• The cost of higher education has soared, leading to a massive increase in student loan debt. This debt burden disproportionately affects the working class, limiting their economic mobility and delaying milestones like homeownership. In contrast, wealthy families can afford to pay for education without taking on debt.

9. Cuts to Social Programs​

• Cuts to social safety net programs, such as food assistance, housing subsidies, and healthcare, have left the working class more vulnerable to economic shocks. These programs are often targeted for cuts during periods of austerity, while wealthier individuals and corporations continue to benefit from tax breaks and loopholes.

10. Corporate Influence in Politics​

• The increasing influence of money in politics, especially after the Citizens United decision, has allowed wealthy individuals and corporations to shape policies that protect their interests. This often results in legislation that favors the rich, such as tax cuts and deregulation, at the expense of the working class.

Todd, dismissing Trump’s proposals to cut essential programs as “just proposals” misses the bigger issue.

It misses the issue that the spending wasn't cut. DURR

Beyond the threat of program cuts, let’s talk about the real expenses the working class faced, which wiped out any benefits from those modest tax cuts.

It's true that the tax cuts paid for some of the rising expenses.
Not enough to pay for Bidenflation, obviously.

(Trump is against rent controls

That's good, they're a stupid, harmful idea.

the expenses working-class families had to bear, far outweighed any small gains from tax cuts.

Were there any Biden tax cuts to help the working-class pay for expenses?

Rent controls ensure housing remains affordable and people have housing. Of course, everything I say on these issues is assuming we remain with a market capitalist economy. Socialism will resolve all of these issues, quickly.

 

[TruthNotBS]

The 2008 financial crisis is a clear example of when deregulation and tax cuts didn't benefit the middle class. In the years leading up to the crisis, there was significant deregulation in the financial sector, including the repeal of the Glass-Steagall Act in 1999, which allowed commercial banks to engage in risky investment activities.

Glass-Steagall didn't prevent banks from writing bad mortgages. It wouldn't have prevented the crisis. The GSE mandates to buy subprime mortgages were a regulation that caused harm, right?

Glass-Steagall originally separated commercial banking from investment banking, which meant that banks couldn’t gamble with depositors' money in risky investment ventures. When it was repealed in 1999, it allowed banks to combine these activities, leading to the creation of complex financial instruments like mortgage-backed securities (MBS) that were filled with bad subprime mortgages.

The real issue was that, without Glass-Steagall, commercial banks could now not only write risky mortgages but also package them into MBS and sell them off to investors. This created a feedback loop of ever-riskier lending practices because the banks no longer bore the full risk of those loans—they could offload that risk into the broader financial system. The result was a massive buildup of toxic assets that eventually collapsed the entire system.

As for the GSE mandates to buy subprime mortgages, it's a misunderstanding to pin the crisis solely on them. Fannie Mae and Freddie Mac did indeed play a role in the housing bubble by purchasing subprime loans, but they were far from the only players. Private lenders and Wall Street banks were even more aggressive in pushing subprime loans and creating risky financial products. The crisis was the result of a combination of factors, including deregulation, excessive risk-taking by private financial institutions, and a lack of oversight, all of which were exacerbated by the removal of Glass-Steagall’s protections. So, while the GSEs made mistakes, the root causes of the crisis went much deeper, and Glass-Steagall’s repeal was a significant part of the problem.

 

[Luckyone]

If you had been in Trump's position as POTUS, what would you have done in January-February 2020 different than he did?

Especially given what was known then, which included limited and distorted information from China on the disease.

The CCP COVID caused far more deaths in other nations of the world and they did even less to penalize China than the USA did.

I said you libturds ~ MSM, DNC, etc. ~ criticized Trump, not that you had political power other than your seats in Congress.

When you consider how much of our debt is held by the Chinese, and how a majority of our manufactured imports are from China, there are realistic limits to what could have been done that wouldn't have hurt the USA more than China.

Leftist lies to the contrary, a POTUS is not a dictator. Though admittedly most DemocRAT POTUS think they are a dictator.

The FAKE NEWS you put on the Trump Covid handing video has convinced me that you are not worth any further of my time. You are a true Trump lover that believes in that immoral, unethical, unprincipled, inhumane, and incompetent man and no amount of facts, data, and statistics will ever change your mind. As it is, I have no interest in having any communication with Trump and much less with one of his minions.

You are now #12 on my ignore list. Congratulations, you did achieve something.

 

[jc456]

If you really want to know the absolute reality of how Trump messed it up, watch this video that details step by step what Trump did (and did not do) during the Corona Virus. I dare you to watch it and not understand exactly why Trump truly botched our response and was the cause of at least 200,000 to 40,000 UNNECESSARY American deaths,

Then again, if you have an agenda of degrading everyone else except Trump, then you will not watch the video. By the way, this video is not biased and it is not opinion. It is hard fact.

Watch is and get back to me. Don't watch it and forget debating with me from here on in.

No video?

 

[jc456]

I dare you to prove that statement, taking everything into consideration (national debt, the economy, the well being of everyone - not just the rich, inflation, etc.)

You don’t like private jobs?

 

[GWV5903]

WOW, I am impressed.

Doesn’t take much, big surprise…

 

[Luckyone]

Doesn’t take much, big surprise…

Once again I am impressed. You chose the one part of my response that helped you and ignored the rest. Your ability to cherry pick is extraordinary.

 

[protectionist]

Protectionist, your claim that Obama’s first six years were just a "post-recession bounce" completely ignores the reality of what it took to pull the country out of the Great Recession. The recovery was anything but automatic, Obama’s administration implemented critical policies like the American Recovery and Reinvestment Act (ARRA), which helped stabilize the economy, create jobs, and prevent a deeper crisis. The notion that the recovery would have been "good no matter who was president" is wishful thinking that overlooks the complex economic challenges at play.

Furthermore, your assertion of "two consecutive recessions" after 2015 is simply incorrect. A recession is defined by two consecutive quarters of negative GDP growth, and that didn’t happen under Obama after 2015. The fluctuations in GDP growth you’re referencing (from 3.6% down to 0.7%) are normal variations within a growing economy and don’t indicate a recession. In fact, the economy continued to grow during Obama’s final years in office, albeit at a slower pace, which is typical as an economy moves from recovery to expansion. Your argument distorts the facts and misrepresents the actual economic conditions during Obama’s presidency.

FALSE!
After Obama started racking up back to back recessions (wound up with 7), Democrats started doing what Democrats do > INVENT a new definition for the word "recession".

Trouble is, only THEY , and a few easily duped non-Democrats went along with it, Well, I sure don't. The definition of a recession is still the same as it has been for the past 50 years. You dont get to come along and create your own definition of a recession, here in 2024, when the standard definition (Shiskin), has been the accepted standard for 50 years.

That is when 2 consecutive quarters show a DECLINE in GDP.

Because Democrats control the mass media (which of course goes along with all their concoctions), many people have been duped into believing it.

Protectionist, your response is just an attempt to dismiss facts with sarcasm instead of engaging with the argument. Data isn't some magic word that leftists "throw around", it's the foundation of understanding how economies work.

Immigration and energy policies are complex issues, and serious discussions about them require evidence, not gut feelings or anecdotes. Ignoring data in favor of simplistic, knee-jerk reactions doesn't lead to real solutions; it just perpetuates misinformation. If you want to debate these issues seriously, you'll need more than just snarky, infantile one-liners.

"Data" WHICH IS FRIENDLY TO DEMOCRATS, is used by them (and YOU) like a sledge hammer, while data which says what you dont want to hear, is given some wacko word salad to try to DODGE reality. Like the reality of the V-GRAPH which clearly shows Obama's awful 2 recession 2015, and 2016 not much better.

The V-GRAPH also shows Trump's 2017/2018 with continually RISING GDPs. The V-GRAPH is the "evidence" of Obama's pitiful economic failure, and Trump's success.

I don't need "snarky, infantile one-liners", I have FACTS, and what you need is to not try to spin your way out of a discussion.

 

[beagle9]

The only thing you have proven is that you are either a bald faced liar, or a total jerk who tries to contradict government statistics.

I taught microeconomics in college for 3 years, but an 8th grade kid could refute you with ease.

Obama had 7 recessions and the proof is in the very often declining GDPs. What Trump got from Obama was an economically failed administration, riddled with 7 recessions (I will itemize them if you like), 5 below zero GDP quarters, and a row of GDPs in his last 2 years that were like a sinking ship. > (the left side of the infamous V-GRAPH always omitted on CNN, MSNBC, et al leftwing media.)

I doubt that you can even ascetain where there are recessions, by looking at the GDP graphs. Here's 2 of those recessions right here in the V-GRAPH >>

View attachment 1002122

View attachment 1002123

Yep...Remember when Obama ask "where does Trump think he's going to get those new job's from" ??? Obama's job numbers were stagnant, and Trump started immediately working on the new jobs prior to becoming president in 2016. He began touting his economic recovery plans during his campaign, and he had gotten to work on those plans by gaining the confidence of all those who wanted to be involved in his first MAGA recovery once he was seated in 2016.

Obama the globalist was convinced that America had stagnated in the production or promise of anything new being possible in the future because of helping the world to catch up instead of America leading as the example on how to run a country.

 

[Stryder50]

If you really want to know the absolute reality of how Trump messed it up, watch this video that details step by step what Trump did (and did not do) during the Corona Virus. I dare you to watch it and not understand exactly why Trump truly botched our response and was the cause of at least 200,000 to 40,000 UNNECESSARY American deaths,

Then again, if you have an agenda of degrading everyone else except Trump, then you will not watch the video. By the way, this video is not biased and it is not opinion. It is hard fact.

Watch is and get back to me. Don't watch it and forget debating with me from here on in.

What video ?

Speaking of agendas komrade Boris, your advance of the socialist/communist destruction of the USA is clear.
You are no patriotic American!

 

[Stryder50]

The FAKE NEWS you put on the Trump Covid handing video has convinced me that you are not worth any further of my time. You are a true Trump lover that believes in that immoral, unethical, unprincipled, inhumane, and incompetent man and no amount of facts, data, and statistics will ever change your mind. As it is, I have no interest in having any communication with Trump and much less with one of his minions.

You are now #12 on my ignore list. Congratulations, you did achieve something.

Don't let the door bang your arse while returning to the Kremlin, Komrade Boris.

Check the Wiki bio pages of your parasites Clinton, Obama, and Biden and note that like you they have no real world experience in wealth creation, making money. Only in wealth redistribution, i.e. wealth theft from the real producers and workers. You also are a member of that parasite club since no "investment advisor", as you claim to be, could be so grossly ignorant and hostile to wealth creation-free enterprise- for profit businesses.

Trump is one of the first POTUS in a long time who wasn't a career politician and who understood real economics, not deficit and debt only funding.

You are the true phony here and no loss if you crawl back under your rock.

You achieved nothing other than to discredit yourself and further embarrass the criminal nature and ignorance common to socialist/communists.