The dangers of Oil

Northern states are in extreme danger. From increasing crop yields. From increasing average annual precipitation. From less temperature related human mortality. The list goes on.

 

No, it's inflated asset values. Same with residential real estate. It's a massive transfer of wealth from younger people to older people.

 

Except that didn't happen. You serious thing that distinct upturn the day after the election was anything other than optimism and relief that Obama's fundamental transformation was the issue? Literally from the very day after the election.

 

If "they" want to drill and the drilling itself isn't an environmental problem, why not let them drill?

Fine. We shouldn't subsidize them.

The oil companies are pro-drilling. They're also pro-subsidy. They price fix. They're not interesting in protecting the environment. We're responsible for making them behave.

 

It did happen and is still happening.

Trump made it clear he intended to increase asset values. What would anyone expect from the market?

The fact is the economy grew as fast in Obama's last three years as it did in Trump's first three.

 

You don't like the fact that Trump did no better than Obama. I don't like it, either, because both Trump and Obama failed to deal with this...



Not only are worker incomes not increasing, but the cost of a home is soaring out of range of lower-income groups including 20-somethings just getting started in life.

It's a sign you don't appreciate what's happening to workers.

Imagine your income is stagnant and home prices have more than tripled...

 

. How many pandemics did Obama deal with? Didn't he also start with a huge dem majority in the House and Senate? And he still turned in the worst recession recovery since WW II.
Oh, and the Dem parties lost gazillions of seats at all levels during his reign. Or, four consecutive Trillion dollar deficits.

 

Except Obama was President for EIGHT years. Post some actual numbers instead of simplistic charts.

 

Trump started with a huge majority and economic growth in his first three years was the same as Obama's last three.

 

IOW, you don't have anything to dispute my claim. I wouldn't waste time looking for it, if I were you.

 

Nope. You selectively choose your timeframes, and other data, to make spurious claims.

 

You think nothing of making a completely false claim.

 

You have to resort to personal insults - I accept your concession.

 

Your claim (see above) was a personal attack.

 

Oh, Ohama was elected in 2008 and yet you charts start several years later. That's not a personal attack it's a statement of fact.

 

Sorry that was California which hasn't had a hurricane in decades if ever. The increasing cost of hurricanes has nothing to do with them being more frequent and more powerful but with the inflation in the housing market and us building more crap in their path.

 

I didn't look at much Obama's first term because of the Bush Recession or Trump's last three because we were hit by covid.

 

"That's no excuse. "Bush's recession" ended five months after Obama took office. He then proceeded to do the worst recession recovery since WW II. As I mentioned about the Obama era saw hundreds of Dem seat holders being voted our of office. AND the economy coming back after Dems got congress.
Going into 2016 election several economists were talking recession, at least in some sectors. As the chart I posted early displays the market - considered by may as a predictor of future economies - was flat and unsettled UNTIL THE DAY TRUMP WAS ELECTED - In the market gained more from Election Day to Inauguration as Obama's market had during the rest of the year.

 

The Hoover Depression bottomed about the time Roosevelt took office.

Oh, please--Democrats lost the House in 2010 and Republican House spending cuts helped slow the recovery.

Because Obama gave up trying to win over lower- and middle-income whites. But that's another post.

Economic growth in Trump's first three years was almost identical to Obama's last three.



Economic growth has declined every decade since the 1960s.



There are many reasons for this decline that can't entirely be attributed to one party or another. Growth could have been improved if we had collectively been willing to consume less and invest more. It's still the same situation today.

 

Which is immaterial to the discussion.

And brought the deficits back under a trillion.

Seriously? He wasn't even trying? Really?

there you go with sliced and diced charts again. Year over year gains don't show the whole story - show a chart with the actual GDP year over year.

So no, suddenly, you're spreading out the blame to Congress as well as the President. Yay, I've made my point.

 

It points out the error in blaming Obama for the damage caused by Bush.

So Trump could run them up to more than $1t?

He tried with Obamacare, no doubt hoping they would be happy with his efforts. Yes, they liked Obamacare and gave Obama a second term, but didn't support Democrats.

We're looking at how fast the economy grew, not the total GDP.

I'm sorry about reality creeping in, but Congress plays a big role in all this.

 

Over his first three years he did no better than Obama did in his last three. Did the massive relief you claim existed turn into despair?



There was a slow period in 2015 just like there was in 2018. It happens.

 

You're not showing Obama's first three years.

 

What you don't seem to grasp is that a continual 3% growth requires more and more economic economic acting. That's the point I'm making. Much of Obama's gains were based on a low, recession GDP.

 

Nor Trump's last year.