The post-truth era

Thing1 said:
The economy wasn't fine. The only thing Bush had going for him was the bubble, which he was well aware of and did little to address. He was just hoping it wouldn't burst until he left office.

Otherwise, he spent wildly, and cut revenues. Fiscal responsibility was not important in his admin. If that's the foundation for a "fine" economy to you, we simply disagree.
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The president can't spend a penny. He can either sign or veto 'spending' sent to his desk from congress.

Bush lost his veto pen and I castigated him mightily for it at the time.
 
Thing1 said:
The bolded is funny.

It's always going to be a credit to Republicans for you. Sorry - but Bush crashed the market & the economy. Again: the market was at 8,000 when Obama took over, and it was close to 17,000 when Trump was elected. So, yeah - Obama can take some credit for an increase there.

And most Trump voters think the market went down under Obama.
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No, but markets react to future forecasts. Obamas election was seen as bad for growth. When a solid republican congress was voted in it was seen as more predictable, meanwhile the market reacted to Obamacare futures and did well. But with Trump.... the market explodes, because the economic future is seen as positive for growth.
 
Thing1 said:
Who said the real estate bubble had nothing to do w/ it? Bush was President - he is the steward of the economy. Everyone knew the bubble was going to burst.

And of course, Clinton gets no credit at all for the booming economy of the '90's, even though his early economic measures encouraged capital investment.

Sorry, Yurt. Presidents get credit for good economies, and blame for bad ones. And there are good reasons for that. They're not bystanders.
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Bush inherited Clinton's economy which was in the middle of the tech bubble meltdown. Democrats and their policies forcing banks to make risky loans created the housing bubble. He also stepped into 9/11. Bush gave the wrong kind of tax breaks- he didn't tie them to reduced spending. The cost of the wars were likewise not off set with spending cuts. He was too busy giving democrats what they asked for so he could fast track war spending requests.

Trump has inherited Obamas smoke and mirrors economy that is paraded about as wonderful, while every average American suffers under its anemic growth.

Trump has has a lot to turn around.
 
J Craft said:
No, but markets react to future forecasts. Obamas election was seen as bad for growth. When a solid republican congress was voted in it was seen as more predictable, meanwhile the market reacted to Obamacare futures and did well. But with Trump.... the market explodes, because the economic future is seen as positive for growth.
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That is completely ignorant.

When Obama was elected, the global economy was already in a complete meltdown. End of story.
 
J Craft said:
Bush inherited Clinton's economy which was in the middle of the tech bubble meltdown. Democrats and their policies forcing banks to make risky loans created the housing bubble. He also stepped into 9/11. Bush gave the wrong kind of tax breaks- he didn't tie them to reduced spending. The cost of the wars were likewise not off set with spending cuts. He was too busy giving democrats what they asked for so he could fast track war spending requests.

Trump has inherited Obamas smoke and mirrors economy that is paraded about as wonderful, while every average American suffers under its anemic growth.

Trump has has a lot to turn around.
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Of course. Any time anything good happens w/ the economy, it's a Republican, but if it's bad, it's a Democrat.

Sorry - people will always remember the Clinton years as a time of great prosperity. Obama brought us back from one of the worst crashes we've had in decades.

Your narrative will play w/ the fake news crowd, but not beyond that.
 
Thing1 said:
That is completely ignorant.

When Obama was elected, the global economy was already in a complete meltdown. End of story.
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His presidency offered no hope to the market... end of story.

Prolouge- The market was right to not have hope with his presidency- the hope was with his departure.
 
Thing1 said:
Of course. Any time anything good happens w/ the economy, it's a Republican, but if it's bad, it's a Democrat.

Sorry - people will always remember the Clinton years as a time of great prosperity. Obama brought us back from one of the worst crashes we've had in decades.

Your narrative will play w/ the fake news crowd, but not beyond that.
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Clintons inherited Reagans economy- prospered under a fiscally conservative congress. Clinton moderated.
 
J Craft said:
His presidency offered no hope to the market... end of story.

Prolouge- The market was right to not have hope with his presidency- the hope was with his departure.
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Again - the global economy was melting down. No one would have "offered hope" to the market without action. When Obama passed the stimulus, the market had hope and started its rebound (long before the GOP congress was elected).

Your narrative doesn't hold up to any historical facts. But I know that factual, truthful information is no longer important - thus the OP, and the poll that came out where most Trump voters thought the market actually went down under Obama.
 
Thing1 said:
The economy wasn't fine. The only thing Bush had going for him was the bubble, which he was well aware of and did little to address. He was just hoping it wouldn't burst until he left office.

Otherwise, he spent wildly, and cut revenues. Fiscal responsibility was not important in his admin. If that's the foundation for a "fine" economy to you, we simply disagree.
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Lol, dopey. You really shouldn't talk about economics, you are out of your league.
 
Thing1 said:
Yes, he did.
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gosh......but....
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