Thanks Republicans...

[Circlejoe]

When do Americans become smarter about choosing leaders? A quick look at how the past three Republican administrations left the country’s economy…

• Donald Trump—The economy shrank by 3.4% in 2020, the worst contraction since World War II. The Unemployment Rate was 6.3% in January 2021. Inflation rose in late 2020 due to supply chain issues.
• George W. Bush - The economy contracted by 2.5% in 2008, entering the Great Recession. The Unemployment Rate rose to 7.8% in January 2009. The Dow Jones lost more than 50% of its value from its 2007 peak.
• G.H.W. Bush -The Economy was recovering from a mild recession, but with lingering unemployment concerns. The economy was in crisis, with the financial system in turmoil, massive job losses, and the housing market collapse.

Compare to the last three Democratic administrations…

• Joe Biden - The economy rebounded strongly from the COVID-19 recession, with 5.9% growth in 2021 and 2.1% in 2022 and 2023. Unemployment Rate: Fell from 6.3% in January 2021 to 3.7% by early 2024, near historic lows. Stock Market: Recovered from 2022 declines, with the S&P 500 hitting new highs in early 2024. Inflation: Peaked at 9.1% in mid-2022 due to supply chain issues and energy costs but cooled to around 3% by late 2023 after aggressive Fed rate hikes.
• Barack Obama - GDP Growth averaged 2.3% per year during his presidency, with steady growth in the later years. Unemployment Rate fell from 10% in 2009 (due to the Great Recession) to 4.7% in January 2017. The S&P 500 rose about 235% from its 2009 low, marking a long bull market. Inflation was low and stable, around 2% per year. The economy was in strong shape after recovering from the Great Recession, with low unemployment and a booming stock market
• Bill Clinton - GDP Growth averaged 4% per year, one of the strongest economic expansions in U.S. history. The Unemployment Rate fell to 4.2% in January 2001, the lowest in 30 years. The dot-com boom led to huge gains. Inflation was low and stable, around 2-3% per year. The U.S. had a budget surplus for four consecutive years (1998-2001), the first since 1969. Overall Economic Strength: Very strong—low unemployment, high GDP growth, and budget surpluses.

Trump to all Americans in 2025…” Hold my beer. Let's move forward with chaos and tariffs, although there might be some short-term pain. Once we cut taxes for the wealthy, everything will turn out well."

 

[mcmurtry66]

When do Americans become smarter about choosing leaders? A quick look at how the past three Republican administrations left the country’s economy…

• Donald Trump—The economy shrank by 3.4% in 2020, the worst contraction since World War II. The Unemployment Rate was 6.3% in January 2021. Inflation rose in late 2020 due to supply chain issues.
• George W. Bush - The economy contracted by 2.5% in 2008, entering the Great Recession. The Unemployment Rate rose to 7.8% in January 2009. The Dow Jones lost more than 50% of its value from its 2007 peak.
• G.H.W. Bush -The Economy was recovering from a mild recession, but with lingering unemployment concerns. The economy was in crisis, with the financial system in turmoil, massive job losses, and the housing market collapse.

Compare to the last three Democratic administrations…

• Joe Biden - The economy rebounded strongly from the COVID-19 recession, with 5.9% growth in 2021 and 2.1% in 2022 and 2023. Unemployment Rate: Fell from 6.3% in January 2021 to 3.7% by early 2024, near historic lows. Stock Market: Recovered from 2022 declines, with the S&P 500 hitting new highs in early 2024. Inflation: Peaked at 9.1% in mid-2022 due to supply chain issues and energy costs but cooled to around 3% by late 2023 after aggressive Fed rate hikes.
• Barack Obama - GDP Growth averaged 2.3% per year during his presidency, with steady growth in the later years. Unemployment Rate fell from 10% in 2009 (due to the Great Recession) to 4.7% in January 2017. The S&P 500 rose about 235% from its 2009 low, marking a long bull market. Inflation was low and stable, around 2% per year. The economy was in strong shape after recovering from the Great Recession, with low unemployment and a booming stock market
• Bill Clinton - GDP Growth averaged 4% per year, one of the strongest economic expansions in U.S. history. The Unemployment Rate fell to 4.2% in January 2001, the lowest in 30 years. The dot-com boom led to huge gains. Inflation was low and stable, around 2-3% per year. The U.S. had a budget surplus for four consecutive years (1998-2001), the first since 1969. Overall Economic Strength: Very strong—low unemployment, high GDP growth, and budget surpluses.

Trump to all Americans in 2025…” Hold my beer. Let's move forward with chaos and tariffs, although there might be some short-term pain. Once we cut taxes for the wealthy, everything will turn out well."

The problem is people like you have zero sense of objectivity. Biden opened the border left us a 41 year high spike in inflation and promoted insane positions from the over the top energy garbage to defund to tranny bullshit. There’s a reason something like 90 percent of the counties in America saw an increase in repub voters

Trump is fcking up big time. He should have tempered his approach. But dei dumb Harris wasn’t the answer and the election was a referendum on insane radical lefties. Dems brought this on.

Promote Shapiro not AOC. Focus on workers. Not trannies. I’d vote Shapiro and others. Not insane woke nutjobs

So thanks democrats

 

[Circlejoe]

The problem is people like you have zero sense of objectivity. Biden opened the border left us a 41 year high spike in inflation and promoted insane positions from the over the top energy garbage to defund to tranny bullshit. There’s a reason something like 90 percent of the counties in America saw an increase in repub voters

Trump is fcking up big time. He should have tempered his approach. But dei dumb Harris wasn’t the answer and the election was a referendum on insane radical lefties. Dems brought this on.

Promote Shapiro not AOC. Focus on workers. Not trannies. I’d vote Shapiro and others. Not insane woke nutjobs

You might be surprised McM, but I agree with some of your response. Biden over corrected for Trump 1st term f_ck ups which led to some of the inflation. And yes, the border situation was horrible. So, the Democrats deserved to get their asses kicked. Our country will hopefully survive Trump's 2nd term and we'll elect someone like Shapiro who will need to dig the country out of this mess.

I worry about you McM. The next three years will be tough. Hard to find a job!

 

[mcmurtry66]

You might be surprised McM, but I agree with some of your response. Biden over corrected for Trump 1st term f_ck ups which led to some of the inflation. And yes, the border situation was horrible. So, the Democrats deserved to get their asses kicked. Our country will hopefully survive Trump's 2nd term and we'll elect someone like Shapiro who will need to dig the country out of this mess.

I worry about you McM. The next three years will be tough. Hard to find a job!

Trump’s tariffs will help my business. We produce in a country that will benefit from it. But it doesn’t mean I agree with them, particularly after a 41 year inflation high. Not the time to try tariffs

 

[UncleMark]

Trump’s tariffs will help my business. We produce in a country that will benefit from it. But it doesn’t mean I agree with them, particularly after a 41 year inflation high. Not the time to try tariffs

So much for bringing US jobs home.

 

[mcmurtry66]

So much for bringing US jobs home.

I mean the industry I’m in those jobs will never come back here. They’ll pivot from china to Vietnam Philippines turkey on and on. They don’t need china or Mexico

 

[snarlcakes]

The problem is people like you have zero sense of objectivity. Biden opened the border left us a 41 year high spike in inflation and promoted insane positions from the over the top energy garbage to defund to tranny bullshit. There’s a reason something like 90 percent of the counties in America saw an increase in repub voters

Trump is fcking up big time. He should have tempered his approach. But dei dumb Harris wasn’t the answer and the election was a referendum on insane radical lefties. Dems brought this on.

Promote Shapiro not AOC. Focus on workers. Not trannies. I’d vote Shapiro and others. Not insane woke nutjobs

So thanks democrats

For f#ck sake it’s not even been two months and also f#ck Shapiro.

 

[mcmurtry66]

For f#ck sake it’s not even been two months and also f#ck Shapiro.

First 100 days is a marker. The lion’s share of the Biden disaster ….

 

[BCCHoosier]

For f#ck sake it’s not even been two months and also f#ck Shapiro.

What's wrong with Shapiro?

 

[Circlejoe]

For f#ck sake it’s not even been two months.

Exactly. Imagine how much damage he'll do in the next three plus years.

 

[snarlcakes]

Exactly. Imagine how much damage he'll do in the next three plus years.

Start throwing out predictions then and we will revisit them in 3 years.

 

[snarlcakes]

What's wrong with Shapiro?

He’s a liberal. I disagree with 90% of his ideas outside of the basics.

 

[mcmurtry66]

Exactly. Imagine how much damage he'll do in the next three plus years.

100 days Biden did the lion’s share of his damage. Mid terms locked woke up. Same will happen to trump.

 

[snarlcakes]

First 100 days is a marker. The lion’s share of the Biden disaster ….

The two biggest problems Biden had were inflation and the border. Biden could have fixed the border, but ignored it and said it wasn’t happening. Also, once he helicoptered all the money, he couldn’t take that back.

Trump can take back tariffs. If he ignores the negative impacts of them and continues increasing them for the next 3 years, he’s f#cked. However, I don’t think he’s going to do that because Bessent has telegraphed exactly what they’re going to do. I think magically they’ll get resolved by summer, once they get rates lower (which Bessent said is their main objective). The gamble is if the economy goes into a recession, how bad is it going to be? Nobody knows. That’s the risk.

 

[BCCHoosier]

The two biggest problems Biden had were inflation and the border. Biden could have fixed the border, but ignored it and said it wasn’t happening. Also, once he helicoptered all the money, he couldn’t take that back.

Trump can take back tariffs. If he ignores the negative impacts of them and continues increasing them for the next 3 years, he’s f#cked. However, I don’t think he’s going to do that because Bessent has telegraphed exactly what they’re going to do. I think magically they’ll get resolved by summer, once they get rates lower (which Bessent said is their main objective). The gamble is if the economy goes into a recession, how bad is it going to be? Nobody knows. That’s the risk.

Overshooting on layoffs is also a risk. Will impact the private sector too. Government people shop and eat out too. Really worried about consumer confidence with all the layoff talk and stock market dropping.

 

[Bowlmania]

Overshooting on layoffs is also a risk. Will impact the private sector too. Government people shop and eat out too. Really worried about consumer confidence with all the layoff talk and stock market dropping.

DOGE Layoffs Pose ‘Growing’ Risk To U.S. Economy And Markets, Says Apollo Economist

DOGE job cuts could number one million, according to Torsten Slok, chief economist at Apollo Global Management.

www.forbes.com

 

[HurryingHoosiers]

What's wrong with Shapiro?

He's not MAGA. Not even a stinking rino. So definitely no good

 

[Bowlmania]

Overshooting on layoffs is also a risk. Will impact the private sector too. Government people shop and eat out too. Really worried about consumer confidence with all the layoff talk and stock market dropping.

I mean, did this fallout ever occur to the two self-proclaimed geniuses who are running/ruining the country?

 

[HurryingHoosiers]

He’s a liberal. I disagree with 90% of his ideas outside of the basics.

You think Dems would nominate a conservative?

 

[td75]

A homeless person could've been nominated president coming out of Covid and done well economically speaking. Everything was shuttered, there was literally no where to go but up. Biden's tenure was actually good for my investments in that regard. OTOH, Biden's presidency saw eggs, bread, and milk at astonishing highs...

I'm a Trump guy and I don't agree with his tariffs. If he's playing the long game, he needs to overhaul the two term limit and see himself to a 3rd term. His tariff approach is playing the long game and it's going to be tough, IMO.

 

[snarlcakes]

Overshooting on layoffs is also a risk. Will impact the private sector too. Government people shop and eat out too. Really worried about consumer confidence with all the layoff talk and stock market dropping.

I don’t disagree, but there are 160 million jobs in the U.S. They should be able to cut several 100k government jobs. Getting rates, tax cuts, and stability (assuming they change their tune) will help create jobs as well.

They have to refinance 9-10 trillion this year and 2 trillion of that is in April (Yellen left them a shit sandwich). I think you will see Trump’s tariff talk switch gears late this month or at some point in April. If markets fall too much they’ll end up collecting less tax revenue and they won’t accomplish much from their lower rates.

Assuming they avoid a bad recession, in 6 months if the 10 year is in the 3s, 30 year in the 5s, FED is cutting, inflation back to 2%, and add in tax cuts, consumer confidence should swing back.

 

[ams66]

Trump will be too old to serve a third term and we don't want to open that door. If he's got things running well by 2028 then Vance can take over. We don't have kings here.

Biden was a puppet with the mind of a sparrow. He wasn't running anything, so can't really blame or credit him.