With the possibility of a recession who would you want in charge?

Discussion in 'Opinion POLLS' started by Bluesguy, Mar 16, 2020.

?

With the possibility of a recession who would you want in charge?

  1. The Republicans of the pre-2001 recession, DotCom bust and stockmarket collapse, 9/11

    73.7%
  2. The Democrats of the pre-2008 recession, Mortgage bust and stockmarket collapse

    26.3%
  1. Bluesguy

    Bluesguy Well-Known Member Donor

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    There is a very good chance now that the economy here and globally will turn into a recession or at least a quarter of negative growth.

    So who would you rather have in charge?

    The Republicans of the pre-2001 recession, DotCom bust and stockmarket collapse, 9/11
    The Democrats of the pre-2008 recession, Mortgage bust and stockmarket collapse

    Which economic policies should we follow and why?
     
  2. scarlet witch

    scarlet witch Well-Known Member Donor

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    Not a climate changer.... that would mean no electricity and 1930's depression

    voted Republicans btw...
     
    Last edited: Mar 16, 2020
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  3. Lil Mike

    Lil Mike Well-Known Member

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    I agree that we're likely to go into recession (two quarters of negative economic growth) but it's an odd one in that it's self inflicted. This isn't part of the business cycle or part of some other economic crisis. It will be based on deliberate actions taken by the President to handle another non economic crisis. But there is no possible leadership that will be able to prescribe specific measures to ride out this particular recession. The Democrats are hopeless of course, but some of the ideas that the administration has been tossing around are stupid too, like a payroll tax cut (WTF?). And the Fed dropping interest rates to zero is stupid and useless too.
     
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  4. Bluesguy

    Bluesguy Well-Known Member Donor

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    Well I see we have one vote for Democrats but the voter would not say why.
     
  5. Bluesguy

    Bluesguy Well-Known Member Donor

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    Bush's tax rate cut prebate stimulus did little and was a waste. But the tax rate cut itself did help to mitigate the depth and length and get us into a full recovery. He also didn't go on a regulation binge making employing people more complicate and more expensive and expansion more complicated and expansion.
     
  6. Thehumankind

    Thehumankind Well-Known Member

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    Actually this is not a political problem but a problem for everyone, let any be in-charge and should be supported, a lot of souls are at stake here. The FEDS reserve will be at the center line for the economic re-invigoration.
     
  7. Bluesguy

    Bluesguy Well-Known Member Donor

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    Government policies affect the economy. So comparing the Republicans on 2001 and the Democrats in 2008 who should we put in charge?
     
  8. Pycckia

    Pycckia Well-Known Member

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    Republicans of 1981
     
  9. Robert E Allen

    Robert E Allen Well-Known Member

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    I don't care about recessions.. i want someone who'll slash taxes, slash spending and pay down the debt and start eliminating laws.
     
  10. a better world

    a better world Well-Known Member

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    "Freedom is more important than safety".


    I can assure you: if you implemented those policies outlined by you now, as this crisis develops, you will have neither freedom nor safety…..
     
  11. Daniel Light

    Daniel Light Well-Known Member

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    The Obama White House oversaw a very slow, but very steady economic recovery from the 2007-08 crash. I'm not against
    putting Biden back in charge - at least he has some experience with a recovery effort.

    Trump only has experience declaring bankruptcy when things get tough - not so comforting.
     
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  12. Thehumankind

    Thehumankind Well-Known Member

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    Okay then, I could say that the global economic crisis way back 2007-2009 is somewhat similar compared with the present one in terms of expanse. I guess we could follow the formula created by the DEMS 2008, we did survive without giving up the number 1 spot as the world's leading economy.
     
  13. Robert E Allen

    Robert E Allen Well-Known Member

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    How so?
     
  14. Bluesguy

    Bluesguy Well-Known Member Donor

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    No it is similar to the 2001 recession. The 2001 and 2008 recessions were economically based this is a public health emergency. How did we survive the 2008 better than the 2001?
     
  15. Bluesguy

    Bluesguy Well-Known Member Donor

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    I'm not talking about the Obama White House, I'm talking about the Democrats including Congress that took control in 2007 a year before the recession began. Try again. And BTW the Obama/Biden stimulus was a total flop that sent the deficits through the roof and we are still paying for it.
     
  16. Lil Mike

    Lil Mike Well-Known Member

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    It's a totally different type of economic crisis. Demand for goods and services didn't die on it's own and needs some sort of stimulus. Demand dropped because now people can't go out and spend money like they used to. All the tax cuts in the world won't do anything for people stuck at home and can't engage in normal economic activities.
     
  17. Bluesguy

    Bluesguy Well-Known Member Donor

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    They'll order in food, they'll order off Ebay and Amazon. It won't be normal.............

    It's a liquidity problem and that is where we need to concentrate.
     
  18. Lil Mike

    Lil Mike Well-Known Member

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    They can order food and shop on Amazon now. That's only a tiny portion of the economy that's been slammed.
     
  19. Thehumankind

    Thehumankind Well-Known Member

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    We've survived both and the rest depends upon how the world market moves during that time.
     
  20. Bluesguy

    Bluesguy Well-Known Member Donor

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    The length and dept of each and the recoveries were markedly different, why would you prefer 2008 over 2001?
     
  21. Bluesguy

    Bluesguy Well-Known Member Donor

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    You can go online and order from Walmart and just drive through and they load them. Like I said in another post, I worry about my watering hole which will be suffering. I was so tempted to go there this afternoon and have one beer at the end of the bar away from everyone and leave the bartender a $20 because I know they are hurting but you know to take the chance when I am in the high risk category................
     
  22. Thehumankind

    Thehumankind Well-Known Member

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    Yes you are right with the length, 2001 was caused by a feared computer glitch that did not occur, while the 2007-2009 economic crisis is considered worse and is so serious comparable with that of the great depression of the 1930's.
    Then which model do we have to follow or use now?
     
  23. Distraff

    Distraff Well-Known Member

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    The democrats tend to do more about recessions and crises in general.Trump increased our deficit to 1 trillion, before the crisis, and we are almost certain to reach 2 trillion before long thanks to this crisis. We have little room to act and anything we do will put us deep into debt. Trump also encourages us to drastically cut interest rates, so the FED has little room to act. Trump denied that Covid was a crisis and didn't do enough about it. Its time for a change in leadership. Its time for president Biden.
     
  24. GrayMan

    GrayMan Well-Known Member

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    Neither
     
  25. Bluesguy

    Bluesguy Well-Known Member Donor

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    Y2K passed a year before and there were no major glitches. The length and depth were helped to be mitigated by the Republican policies and getting us into a full recovery. Giving confidence to the markets to invest and expand. And then GET OUT OF THE WAY. And why was the 2008-9 worse? In part the Democrat policies of higher taxes both implemented and proposed. More regulation on business making operating and cost of employment higher. A huge government stimulus that went nowhere and failed by it's own measure.

    Yes which should we turn to now looking at the results of each?
     
    Last edited: Mar 18, 2020

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