Biden getting grilled by all of the reporters at this press conference.
- Thread starter Univee2
- Start date
Mark, you more for staples like groceries, gas (50% more), and energy. You did get a large increase in SS because of inflation, but that 3% increase isn't close to inflation overall.
Each individual varies, but look at the credit card debt consumers have run it. Not everyone is on the dole.
You have to stay up late tonight to watch the Hoosiers lose by 30.
Oh wait - it's on Peacock.
20 had to have improving gdp as unemployment hit double digits but finished still around over 6 percent off memory.
Main thing about economies for me is to watch regulations. Pubs historically want to deregulate, which almost always pushes the greed side and implodes on itself. Dems typically want more safety controls which big business hates but it keeps the economy from over leveraging itself since....that's what unbridled capitalism does.
Of course all of these are in general.
The Glass-Stegal act of 1933, put in place to regulate banks to prohibit playing in commercial and investment banking was deregulated in 1995....and sure as shit banks over leveraged themselves and imploded a decade later. Yes that was under Clinton and imploded under Bush. His third market crash of his tenure.
Instead of pointing to the dude, I think it's more fair to point to the attitude of deregulation.
The other thing is Dems want to tax corporations higher, pubs don't thinking revenues will be shared because those at the top are the sharing type. Problem with that attitude is low corporate tax rates means more profits stay at the top (upper management bonuses, stock buybacks, etc).
When a corporation has a higher tax rate, it accidentally incentives them to reinvest those profits to bring their taxable income down.
That's what trickle down is supposed to be.
I believe the corporate tax rate was crazy, like 90% under Eisenhower and our economy flourished with a very healthy middle class. Reagan started lowering that in the 80's, along with destroying unions, along with deregulating and the wealth gap has predictably skyrocketed, two to five companies control everything and we're smack back in a new guilded age.
But mainly it's from lack of oversight from deregulation.
In my humble opinion of course.
On the dole and can afford Peacock.
All you need are at least 3 illegitimate children to complete the stereotype.
I can vouch for Ribbont....yes he's definitely conservative leaning but he's crazy smart and very, very well reasoned in his communication.
I don't like it when we're in the same thread cuz I know with him I can't do drive by stuff and leave (which is a good thing, I'd LOVE if we could discuss things with a modicum of good faith).
I could tell ribbont is very intelligent - he likes many of my posts.
You should just accept you have no control over the matter other than to vote and not worry about it at all until its time to vote. Fixating oneself on wishful fantasies like that will only ruin whatever contentment you could have had.
Every day is brand new day .. how you choose to react to it is completely up to you.
Okay just constantly whine and worry about stupid shit then ..no sweat off my balls.
Buy land, build a home on a hill, grow/can food, raise livestock, build a perimeter, fortify your position, teach your kids to shoot, rebound, play defense, and run some freaking secondary action on offense!!
Okay, I'm cool with that. To be fair, lots of really smart people are also partisan hacks.
No, it won't (as evidenced by the very post you quoted), but your next without idiocy will be yours (as evidenced by the very post I'm quoting).
I think regulations go both ways.. I was not in favor of the repeal of Glass-Steagal but I don't lay all the blame at the feet of banks. The government makes the rules. We just play by them, or find new ways to play around them. There are videos of hearings where the Bush admin warned about Freddie and Fannie and the loans. Dems just blew it off. Funny how Pub wanted to regulate more but Dems didn't.
The regulations on the oil industry hurt our economy. As I stated to Goat, Biden's early decisions helped to increase oil prices 59% in 2021. It was not the only cause but it didn't help economically. And I am not saying it's bad. I mean, I think it's bad, but if one thinks climate change is the #1 existential threat, then they probably think it was a great move by Biden. But it did hurt the economy.
We can debate history and economic cause and effect another time. My point to you was about Pubs handing off bad economies to Dems and that is not accurate. Carter handed Reagan a declining economy. Bush handed Clinton an improving GDP. Clinton handed Bush a slowing economy. Bush handed Obama a bad economy. Obama handed Trump a meh economy. And Trump handed Biden an improving economy. The GDP numbers support all of that.
Now, how much did each president affect GDP can be a never ending debate, a debate to nowhere. But pubs don't always hand over bad economies.
If you have an example of an action of President that had a direct economic impact, please share. I agreed with the main crux of your post but I provided a recent example of an act or acts of a president that DID directly affect the economy. I didn't voice an opinion on the act, just that it hurt the economy. Some people loved the rising oil prices to save the planet.
That's not being a hack. That's creating a discussion. Like I said, provide an example.
3UPPPPPPPPP!!!!!!! LobbyMe and hooky when we finally meet in person:
I've met Hooky. He's smarter than he looks. lolMe and hooky when we finally meet in person:
The day we got to the point where "he did a good job on one question" is a thing.
We all thought Hillary vs Trump was the liquid bottom of the dumpster...
I am more crazy than smart nowadays. But thank you for the kind words.
I hate to break it to you but you’re not getting away with the drive by stuff in the other threads either. You completely disgraced and embarrassed yourself with your bloviating about the Heritage Foundation in the other thread.
Let us dispense with this fantasy that you have more to offer than drive by stuff. You definitely do not.
She’s lying. She wouldn’t dare admit she was wrong and her life was better under Trump. She’s one of those soft brained, emotional clown, liberal idiots that have helped ruin this country by agreeing and voting for the scum of the earth and their wack job ideas and policies.
All I'm saying is you agreed with me, except Biden is so bad you make an exception for him. I'm saying that's a huge red flag.
I’ve been saying this for many years. Glad to see a Democrat agreeing finally.
He would have been a good solid Republican President. People like you elected Obama instead.
You’ve said this before and it’s still wrong. There was only one stock market crash during GWB’s terms, the financial crisis at the end of his administration, and the President had nothing to do with it. That was right after getting the budget deficit down to about $60 billion. The crash blew that up. The dot com crash happened during Clinton’s term. Kind of appropriate because the dot com boom was most responsible for our budget surpluses.
You are wrong Aloha , trump would send the special forces on his domestic enemies ,making him very very dangerous.
No, more of a recency bias since it was a big unilateral decision that affected the economy in a large way. And is was basically on day one.
Again, if you have a similar example of a Republican president, I am all ears.
