Where Would We Be, Without Democratic Economies????? (5.0)

[Phoenix68]

How George Bush Sr. Almost Got Indicted for Fraud
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1993 deficit reduction: A Lesson on Tax Policy
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President Clinton announces another record budget surplus
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Bush's tax cuts `sounded too good to be true' for Democrats
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"U.S. Economy Screwed"
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Bush Era Tax Cuts Didn't Fix Economy
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Obama Outperforms Reagan On Jobs, Growth And Investing
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President Obama’s policies revived the economy
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The Obama recovery is about to make Trump look good
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Comparing The "Trump Economy" To The "Obama Economy"
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Biden's Economic Performance Has Proved Unbeatable
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BIDENOMIC$!!!!!
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Spanky Inherits (...as usual) A Strong America!!!!
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ANOTHER Republican = Another FUCK-UP!!!!
(....And another MESS for Dems to CLEAN-UP....as usual.)
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[mark francis]

How George Bush Sr. Almost Got Indicted for Fraud
.
1993 deficit reduction: A Lesson on Tax Policy
.
President Clinton announces another record budget surplus
.
Bush's tax cuts `sounded too good to be true' for Democrats
.
"U.S. Economy Screwed"
.
Bush Era Tax Cuts Didn't Fix Economy
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Obama Outperforms Reagan On Jobs, Growth And Investing
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President Obama’s policies revived the economy
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The Obama recovery is about to make Trump look good
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Comparing The "Trump Economy" To The "Obama Economy"
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Biden's Economic Performance Has Proved Unbeatable
.
BIDENOMIC$!!!!!
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Spanky Inherits (...as usual) A Strong America!!!!
.
ANOTHER Republican = Another FUCK-UP!!!!
(....And another MESS for Dems to CLEAN-UP....as usual.)
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View attachment 21193
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What effect did Obama's doubling of the US debt have on our debt repayment economic burden today?

 

[Boris Norris]

What effect did Obama's doubling of the US debt have on our debt repayment economic burden today?

You are forgetting he dragged USA out of gwbs GFC crisis.
Stats prove it.

 

[mark francis]

You are forgetting he dragged USA out of gwbs GFC crisis.
Stats prove it.

Obama was at the helm just after the economy collapsed because democrats refused to heed Bush's warning to revise the banking deregulation bill promoted by Obama and signed by Clinton in 2000. And yes, Obama doubled the US debt in order to try to bring the economy back from the brink of disaster. It is important to note, however, that democrats have raised the US debt ceiling far more than have republicans and that has become a huge burden on the US economy.

 

[Phoenix68]

What effect did Obama's doubling of the US debt have on our debt repayment economic burden today?

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Gee....maybe you should ask Republicans.....AGAIN!!
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"Candidly speaking, there are some elements in this legislation that I don't like. There are some elements that members of my party don't like. There are some elements that Republicans here today don't like. That's the nature of compromise."
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With Obama's signature, states can begin to reinstate unemployment benefits, so that people "will get them in time for Christmas," he said.

The package includes a two-year extension of the Bush-era tax cuts, which are set to expire December 31. It also would extend unemployment benefits for 13 months, cut the payroll tax by 2 percentage points for a year, restore the estate tax at a lower level and continue a series of other tax breaks.
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Obama and congressional Democrats yielded in their opposition to extending the lower tax rates to wealthy Americans and also agreed to a lower estate tax than had been scheduled to take effect. In return, Republicans led by McConnell agreed to extending unemployment benefits along with the payroll tax cut and other tax breaks that conservatives generally oppose as government stimulus measures.
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Obama complained that the Republicans were holding the extended tax cuts for the rest of the country "hostage" by insisting that the wealthiest 2 percent of taxpayers be included rather than approving an extension of the tax cuts for low and middle-income Americans."

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[mark francis]

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View attachment 21233
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Gee....maybe you should ask Republicans.....AGAIN!!
.​

"Candidly speaking, there are some elements in this legislation that I don't like. There are some elements that members of my party don't like. There are some elements that Republicans here today don't like. That's the nature of compromise."
.
With Obama's signature, states can begin to reinstate unemployment benefits, so that people "will get them in time for Christmas," he said.

The package includes a two-year extension of the Bush-era tax cuts, which are set to expire December 31. It also would extend unemployment benefits for 13 months, cut the payroll tax by 2 percentage points for a year, restore the estate tax at a lower level and continue a series of other tax breaks.
.
Obama and congressional Democrats yielded in their opposition to extending the lower tax rates to wealthy Americans and also agreed to a lower estate tax than had been scheduled to take effect. In return, Republicans led by McConnell agreed to extending unemployment benefits along with the payroll tax cut and other tax breaks that conservatives generally oppose as government stimulus measures.
.
Obama complained that the Republicans were holding the extended tax cuts for the rest of the country "hostage" by insisting that the wealthiest 2 percent of taxpayers be included rather than approving an extension of the tax cuts for low and middle-income Americans."

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I have no knowledge of any Democrat tax hikes on the rich at a time during which democrats had total control of both houses and the WH.

 

[Phoenix68]

Obama was at the helm just after the economy collapsed....

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"JUST AFTER!!!!!"
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"U.S. Economy SCREWED"
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January 13, 2008
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"The recession-deniers were muzzled by a horrendous last two weeks of December, and the gloom-and-doomers are now out in force. Their key arguments:

* Plummeting housing will now drag down the rest of the economy.

*The "bad debt" problem is not just "sub-prime" folks who should never have have taken out mortgages in the first place. It includes credit card debt, "high quality" mortgages, car loans, and other leverage that have recently become a consumer way of life.
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*Pressure on consumers is leading to a reduction in consumer spending (70% of economy), which, in turn, will lead to a reduction in spending by companies that sell stuff to consumers.

*The question now is not "will there be a recession?" but "how bad will it get?"
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*The most optimistic forecasts in a NYT gloom-and-doom round-up are for three crappy quarters, regardless of what the Fed does. Less optimistic forecasts suggest that we are, well, SCREWED!!!
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After blowing the last downturn, we've been worried about this one since last summer. We also suspect that, given the importance of housing to the economy and debt to
consumer spending, the recession will be deeper and more prolonged than people think."

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[mark francis]

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View attachment 21236
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"JUST AFTER!!!!!"
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"U.S. Economy SCREWED"
.
January 13, 2008
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"The recession-deniers were muzzled by a horrendous last two weeks of December, and the gloom-and-doomers are now out in force. Their key arguments:

* Plummeting housing will now drag down the rest of the economy.

*The "bad debt" problem is not just "sub-prime" folks who should never have have taken out mortgages in the first place. It includes credit card debt, "high quality" mortgages, car loans, and other leverage that have recently become a consumer way of life.
.
*Pressure on consumers is leading to a reduction in consumer spending (70% of economy), which, in turn, will lead to a reduction in spending by companies that sell stuff to consumers.

*The question now is not "will there be a recession?" but "how bad will it get?"
.
*The most optimistic forecasts in a NYT gloom-and-doom round-up are for three crappy quarters, regardless of what the Fed does. Less optimistic forecasts suggest that we are, well, SCREWED!!!
.
After blowing the last downturn, we've been worried about this one since last summer. We also suspect that, given the importance of housing to the economy and debt to
consumer spending, the recession will be deeper and more prolonged than people think."

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View attachment 21237
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Gas prices and inflation have drastically fallen since Trump was sworn in but devoted Bidenites still claim the economy was far better under Biden than it is now.

 

[Phoenix68]

Gas prices and inflation have drastically fallen since Trump was sworn in but devoted Bidenites still claim the economy was far better under Biden than it is now.

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BIDENOMIC$!!
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[the annoying thing]

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View attachment 21240
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BIDENOMIC$!!
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View attachment 21241
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yes bidenomics high inflation dollar inflation alone cost the avg family 17,000 and that isnt including all the debt he added with his so called anti inflation bill which cost us trillions and accomplished nothing. lots of jobs came back after 2020 and he created very few mostly peole returning to work. its called twisting the numbers and facts to try and make a political figure look good con man shat

 

[Boris Norris]

Obama was at the helm just after the economy collapsed because democrats refused to heed Bush's warning to revise the banking deregulation bill promoted by Obama and signed by Clinton in 2000. And yes, Obama doubled the US debt in order to try to bring the economy back from the brink of disaster. It is important to note, however, that democrats have raised the US debt ceiling far more than have republicans and that has become a huge burden on the US economy.

Trump increased the debt by 8 trillion one term. The highest every in history. He is about to do that again. That will leave approximately one third of the debt accrued under Trump. He's some businessman.

 

[Phoenix68]

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[mark francis]

Trump increased the debt by 8 trillion one term. The highest every in history. He is about to do that again. That will leave approximately one third of the debt accrued under Trump. He's some businessman.

Congress writes the spending plans that add to the debt, not the President. That is evident by the fact that President Trump could not sign his big, beautiful bill until Congress had OK'd it. Congress has the power of the purse, not the president.

Can a bill become a law without the House of Representatives?	No, a bill cannot become a law without the House of Representatives.
Who can introduce a bill in the House of Representatives?	Only Representatives can introduce bills in the House of Representatives.
What is the process of introducing a bill?	A bill is introduced when it is placed in the hopper, a special box on the side of the clerk's desk. A bill clerk assigns it a number that begins with "H.R." A reading clerk then reads the bill to all the Representatives, and the Speaker of the House sends the bill to one of the House standing committees.
What happens when a bill reaches the committee?	Committee members, who are groups of Representatives with expertise on relevant topics, review, research, and revise the bill before voting on whether to send it to the House floor. If they require more information, the bill is sent to a subcommittee for closer examination and to gather expert opinions.
What happens if the President vetoes a bill?	If the President vetoes a bill, Congress can, in most cases, override the veto with a two-thirds vote in each House, and the bill becomes a law. However, if the President does not sign off on a bill and Congress is no longer in session, the bill will be vetoed by default, which is called a "pocket veto" and cannot be overridden.

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[Phoenix68]

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HERE WE GO, AGAIN, MAGATS!!!!
July 15, 2025
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"Inflation accelerated in June as Presidunce Spanky’s tariffs started to leave a bigger imprint on the economy, keeping the Federal Reserve on track to hold interest rates steady when policymakers next meet this month.
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The Consumer Price Index rose 2.7 percent from a year earlier, the swiftest pace since February, data released by the Bureau of Labor Statistics showed on Tuesday. That is slightly higher than expected and up from an annual pace of 2.4 percent in May.
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“Core” inflation*, which strips out volatile food and energy prices and is seen as a reliable gauge for underlying price pressures, also shifted higher. Those prices were up 2.9 percent from the same time last year."

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* Core inflation is thus intended to be an indicator and predictor of underlying long-term inflation.

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Do you goobers EVER learn from your fuck-ups??????
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[mark francis]

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HERE WE GO, AGAIN, MAGATS!!!!
July 15, 2025
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"Inflation accelerated in June as Presidunce Spanky’s tariffs started to leave a bigger imprint on the economy, keeping the Federal Reserve on track to hold interest rates steady when policymakers next meet this month.
.
The Consumer Price Index rose 2.7 percent from a year earlier, the swiftest pace since February, data released by the Bureau of Labor Statistics showed on Tuesday. That is slightly higher than expected and up from an annual pace of 2.4 percent in May.
.
“Core” inflation*, which strips out volatile food and energy prices and is seen as a reliable gauge for underlying price pressures, also shifted higher. Those prices were up 2.9 percent from the same time last year."

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* Core inflation is thus intended to be an indicator and predictor of underlying long-term inflation.

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View attachment 21384
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Do you goobers EVER learn from your fuck-ups??????
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Simpletons may be fooled into thinking Biden's economy was far better than Trump 1 or Trump 2, but Biden's economy was far worse than the economy under Trump.