jimmymccready
Verified User
The market can be the precursor to announcing a "tanked economy," yes?
Companies added way more jobs than expected in December:
- Thread starter anatta
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cawacko
Well-known member
What examples do you offer?
cawacko
Well-known member
How is an economy that goes from 2.9% gdp to 1.6% gdp considered one on the rise?
Darth Omar
Russian asset
Deserves it lol?
If you’re talking about Medicare, there are problems with it, even though it only serves the elderly. Medicare and Medicaid are legitimate safety nets. When you start talking about expanding Medicare/Medicaid into something universal you run into funding issues.
Why do working people need a safety net? Open the market up to competition if you want the cost of heath insurance to come down.
It is much easier to do it for 8 years (or any period of time) when you start with very high unemployment and low Dow Jones--it can only get better.
Only if it is the VA. Medicare and Medicaid are largely private systems (doctors, clinics, hospitals, pharmaceuticals, medical equipment, etc). It is not socialized medicine.
oh great Buddha, spare us
Medicade expansion is taking us broke..having employers pay for health insurance is a good thing
jimmymccready
Verified User
The Great Recession and The Great Depression.
cawacko
Well-known member
Hadn’t the housing bubble already showed signs of busting along with Best Stearns prior to the stock market turning south in 2007?
Darth Omar
Russian asset
It was working great for me till they passed Obamacare.
countryboy
Verified User
jimmymccready
Verified User
My examples suffice in our economic context.
I do note that the investors are taking profits today. Let's see if that continues on Monday.
I do note that the investors are taking profits today. Let's see if that continues on Monday.
cawacko
Well-known member
You’re arguing that the economy was fine until the stock market started to turn in 2007 and that wasn’t the case
Rather than cherry pick one economic indicator that Fox gave you let's examine twenty, and then tell us that the majority of those indicators don't indicate the economy was progressing upward when Trump inherited it
https://ig.ft.com/sites/numbers/economies/us/
And if you want amazing, so the same for 2009, and see what Obama was left to work with gnat year
cawacko
Well-known member
Wait, using GDP as the measure of growth is now cherry picking an economic indicator Fox gave us? Really?
For "country," yes, he most likely heard it from some demogogue and now he is running with it as "proof" Trump is totally responsible for the economy. One economic indicator on its own does not offer a valued picture of the current shape of the economy
Hard to refute the fact that Trump did inherit an economy on the rise, especially when you compare it to what Obama was confronted with when he took office
cawacko
Well-known member
An economy on the rise isn’t based on what the economy was eight years prior. An economy going from 2.9% gdp to 1.6% gdp isn’t an economy on the rise.
It doesn’t matter who the President is.
jimmymccready
Verified User
Be correct with what I write, please.
My opinion is that the stock market was an indicator.
cawacko
Well-known member
Fair enough, but it wasn't a leading indicator which is what most would look for