Trump Reminds He Predicted Biden Market Crash

WORLD WIDE INFLATION

The U.S. has thrown more than $6 trillion at the coronavirus ...

Apr 15, 2020



THAT'S BIDEN?

 

And where would we be without it?
Oh, you didn't think it would be transitory? You saw this worldwide recession did you? I doubt it.
Student loan forgiveness has nothing to do with inflation but you just had to get it off your chest didn't you.

 

Regan was terrible for the economy, wtf are you talking about?

 

You can post these data 1000 times, as has been done during the supposed Trump "boom" in 2017 to 2019. These people will not listen. They have convinced themselves, and have been convinced by 24/7 Trump media propaganda, that everyone was winning under Trump and that Trump is the only one who can fix things for them. Nevermind that the supposed Trump boom, in retrospect, was nothing special with respect to GDP growth or any other economic numbers. However, it was bought through government deficits. 1% above baseline GDP growth, or $200 billion, is really a bad deal when it is bought with $400 billion of additional government debt through tax cuts on the national credit card.

Unfortunately, the people who voted for this never learn. They'll vote again for Trump, or DeSantis, who, if they get elected in 2024 (and I'd say chances are not small), they'll push through another tax cut in their quest to bankrupt the hated US government. Starve the beast, that's what the strategy is. They'll keep cutting government revenue until the point where there will be no other choice than to cut spending. When that happens, be ready for great depression number two.

 

Trump huh




DOW

 

Yeah I can see how you credit Trump

DOW 10 YEAR

 

Lol…good to see you tried to revise your post but there was no moral or economic equivalency between Ike and Reagan.
Reagan began our irresponsible deficit spending spiral with his voodoo economics and trickle down notions.

 

These are inconvenient truths for the whiny right.
Most of them have no historical perspective based on facts, they have to parrot myopic partisan bullshit from right wing propaganda farms.

 

I didn't revise anything. There isn't an edit. By the way, trickle down economics has become something of a buzz word. I'm working on something vastly more important right now so I don't have the time to go over this. But there was a much bigger problem than trickle down politics. More to the point, even if for high government taxation policy, said taxes would not avert the spending crisis. It would make government manageable, but it also made the lives of daily citizens miserable.

In essence, the reason we experience economic downturns during every Liberal administration since I've been alive is that Liberals know next to nothing about how capital moves, and they know even less about human material wealth. So when they know nothing, of course their policies reflect that.

 

2nd stimulus bill was not needed, Economy was already recovering

and yes alarm bells were raised about it increasing inflationary pressures. Example below

Will Stimulus Spark Inflation? Two Theories You Should Know (forbes.com)

If you actually read my comment, as opposed to going into Brandon defense mode, I said that the student loan vote buying program will not help, not that it had anything to do with the current state

 

Sure



Every Republican President Over The Last 100 Years Has Had A Recession

• The Depression of 1920–21: Woodrow Wilson
• The Recession of 1937–38: Franklin D. Roosevelt
• The Recession of 1945: Franklin D. Roosevelt (Began in Feb. 1945, Truman took over in April of 1945)
• The Recession of 1949: Harry S. Truman
• The 1980 Recession: Jimmy Carter
• The Great Recession: Barack Obama (inherited from George W. Bush)

12 of these recessions took place while a Republican held the White House.

• The 1923–24 Recession: Warren G. Harding
• The 1926–27 Recession: Calvin Coolidge
• The Great Depression: Herbert Hoover
• The Recession of 1953: Dwight D. Eisenhower
• The Recession of 1958: Dwight D. Eisenhower
• The Recession of 1960–1961: Dwight D. Eisenhower
• The Recession of 1969–1970: Richard Nixon
• The Recession of 1973–75: Richard Nixon (Began in Nov. 1973, Ford took over in August of 1974)
• The 1981–82 Recession: Ronald Reagan
• Early 1990s recession in the United States: George H.W. Bush
• Early 2000s Recession: George W. Bush
• The Great Recession: George W. Bush (Began Dec. 2007, Obama took office Jan. 2009)

https://medium.com/@davidkellyuph/e...st-100-years-has-had-a-recession-baa20aa7b107

Democratic presidents keep having to save the US economy after Republican presidents run it into the ground


https://www.businessinsider.com/gop...-recession-democrat-presidents-save-it-2021-1

 

Okay, I said on that last post that I'm working on something but I'm feeling generous enough to address this at length. So it's important to note Chart #1: Even as the top-1% have had their taxes decrease, they are still nominally paying more than the other 3 groups combined.
In fact, if anything it flatlined. That means *something else* is responsible for the economic situation.

So, here's the extent to which I'm going to educate Liberals: Debt-to-GDP(Gross Domestic spending.) How much debt has the government accumulated, comparative to the productivity of American citizens.

https://www.longtermtrends.net/us-debt-to-gdp/

Look at this grotesque travesty, and I'll give a play-by play. Our Debt-to-GDP nominally, even during periods of the Great Recession and others that you highlighted were generally around 35%. Even during the period of the Reagan Recession you attribute, it's at 47%. Hell, it was lower still during the Jimmy Carter years of Stagflation!

It would pick up from 65-87% during the tail end of the Reagan and then H.W. Bush era's. But it was still gradually increasing, until we hit the motherload in 2009! Hm, something happened then: Government expansion. We are now spending at a rate that surpasses WWII, we're spending at 4 times, FOUR times the rate during World War 1.

Here's how bad it is. You wanna bemoan Reagan? Fine, that would still be a significant reduction to the government liability we hold today of nearly 130%!

What all of this means, is that the federal government is outspending the total number of dollars it could generate through revenue. Keep in mind now, this wasn't the case for about damn near 210 years of our existence. It would gradually increase yes, but we always had a positive ratio up until 2009.

So would taxes fix the problem? As we're finding out through inflation-gate, not quite. As the dollars in circulation tighten, and if the government were to pursue a Sanders-type policy at this time, even if they were to get more in tax revenue the total earning power of
Americans would go down substantially.

If we look further down on the site I linked, Federal Debt eclipses that both of business debt and household debt(this includes student and medical debts.) This is insanity! A new tax rate isn't going to fix this problem, we need to once more get total GDP above our total debt.

There is one thing that you note, though Democrats have not aided in the fight: It is clear that getting government to reduce its spending excess is next to impossible. So what can be done is on one end, a spending pause or a constant would be nice(that's what an actual budget would be good for.) but then on the other, we need to vastly increase the GDP that is the total wealth of Americans.

Here's a new way of looking at it: If you blame the top-1%, you have to also equally concede that most businesses are not top 1% and in fact are going under. Our policy, since the 90's has been wrong on every front. The robber baron of the Federal Government is out of control and if we don't get it under control we are going to continue to suffer.

Ask yourself if we NEED the government to spend as though we're in a WWII state. Do you feel that threatened personally?

 

There were 3 rounds of stimulus checks;

1. March 2020…..$1,200 per income tax filer, $500 per child

2. December 2020……$600 per income tax filer, $600 per child

NOTE; Trump wanted $2,000 per income tax filer, $2,000 per child

3. March 2021……$1,400 per income tax filer, $1,400 per child

Question; Which round of stimulus checks was not needed because the economy was already recovering?

 

Lol...really, bwana?
With that smarmy attitude , you just wasted your time.

 

Like I said, denying the existence of evidence does not make said evidence go away.

 

There's no make believe to play, as evidence has already been presented. You can't pretend that evidence away, dude.

 

I've addressed what little, flimsy "evidence" that I've seen presented. Far more often, Trump supporters just run and hide when asked for evidence. Kind of like they did in the courts.

 

Hindsight is such a gift
Ok, so it was "already recovering" (under Biden) and yet, according to you and others, it somehow went off the rails. How did that happen?

All you did was print a headline. There is nothing in the article that you can point to and say "there it is, that's the problem". If the stimulus was the problem why is inflation worldwide?

Well, since we're talking about the "current state" and you're just speculating about the future like your Forbes article......what's your point.

 

Ignorance wrapped in arrogance

 

You will continue losing if you choose to continue being a battered conservative, thinking that the RNC club actually gives any sort of **** about you. They are nothing more than controlled opposition. They are nothing more than the GOP wing of the Uniparty bird. Mitch McConnell sucks. Lindsay Graham sucks. Paul Ryan sucks. Doug Ducey sucks. Brian Kemp sucks. Chris Christie sucks. Mitt Romney sucks. Ted Cruz sucks. Lisa Murkowski sucks. Ben Sasse sucks. John Thune sucks. Marco Rubio sucks. Tim Scott sucks. I could go on and on...

MTG is great. Lauren Boebert is great. Matt Gaetz is great. Thomas Massie is pretty good. Rand Paul is pretty good. Ron Johnson is fairly decent. There's more, but this list is sadly MUCH shorter than the other one.

Ben Shapiro is a big never Trumper, much like yourself apparently. My point is that the Republican Party sucks just as much as the Democrat Party does. They care just as little about you and I as the Democrat Party does. Trump knows this. Members of the MAGA movement know this. So how do we rectify this problem? Vote third party?? I say no, because that is yet another Uniparty scam to split votes and keep the establishment candidates in positions of power. The Trump/MAGA approach is to take back the Republican Party from the ground up, replacing the RINOs and RNC-club types with decent pro Main Street people such as MTG who will represent Main Street interests rather than Wall Street interests.

And here we go, instead of holding a rational discussion about current events, you spew off meaningless buzzwords and vague generalizations. At this point, your language sounds no different than that of a liberal.

You are not sorry about anything, so don't pretend to be. No, it is people like YOU who are hurting the Republican Party. It is people like you who keep voting for and enabling the same lame plain-jane controlled opposition candidates who, even after winning by default and having control of everything in 2016, did absolutely NOTHING to advance the conservative agenda. Because of people like you, we keep slowly losing more and more of our rights and freedoms to the elitist globalist Uniparty.

Is that so??

Then why is the left (with Republican help behind the curtain, mind you) violating Trump's constitutional rights by raiding Mar-a-Lago in an attempt to bar him from running in 2024?? Why did they spy on his campaign?? Why do they constantly make up lies and about him and continue with never ending witch hunts against him?? No dude, they all want Trump GONE. He shook up their cozy elitist globalist way of doing things, and now they're dead set on destroying him. The Biden Regime has weaponized federal government agencies to target Trump and outspoken MAGA supporters (just as the Obama Regime did with regard to the outspoken Tea Party members). No, they want him GONE (outside of demonizing him every chance they get).

It is Republicans like YOU who fall for the Uniparty ways hook line and sinker. It is Republicans like YOU who enable the continuation of the destructive war mongering and losing ways of George W Bush, John McCain, and Mitt Romney. It is Republicans like YOU who enable the current GOP leadership ways of tailoring Republican messaging towards the ever shrinking coalition of "white suburban soccer moms" rather than tailoring it towards the ever growing coalition of Hispanics and Black men.

The GOP sucks. We need to stop blindly supporting shitty career politician candidates who wish to continue with the elitist globalist World Economic Forum aligned status quo.

 

I can't argue with you on whether it'd be there with Trump right now or not since he's not in office, but you don't find it odd that Biden's policies have directly effected the economy, thus the market looking so bad? I'm not an economist so I can only go by what I see happen.

 

Fair enough, but I prefer policies more than I prefer appearance.

 

So I'M supposed to take your unsubstantiated complaints about Trump being childish seriously all the while YOU are being extremely childish by refusing to capitalize Trump's name because you hate the man so much?? This is truly laughable.

 

I didn't see Bush, Clinton, Bush II, Obama, or Biden in it for the people.

 

I don't really care if you take my complaints seriously. I'm right.