Monad Portal
Was it me?
they're not coming true. it's still just vaporware as we used to say.
50 years of failed eco predictions
- Thread starter tsuke
- Start date
they're not coming true. it's still just vaporware as we used to say.
Monad Portal
Was it me?
into the night.
government spending sure as shit does create private sector jobs.
let's have honesty.
government spending sure as shit does create private sector jobs.
let's have honesty.
Monad Portal
Was it me?
if ONLY we can get it declassified!
Monad Portal
Was it me?
watch these deep state libertarians change their tune on government spending when it's black ops at stake.
watch them turn into neocon hawks.
watch them turn into neocon hawks.
Well, then that makes you juvenile.
Nope. Not at all.
Tax cuts are so terrible for growth that they led to a manufacturing recession in 2019.
Trump's top annual GDP growth was 2.85%, which is lower than Obama's best annual GDP growth of 2.89%.
It's called the Russia Tax Cut because Russia ordered you, Trump, and the GOP to manufacture a budget crisis.
Nope.
We entered a recession in February 2020.
The first lockdowns weren't until March 15th, 2020.
Does February come before or after March?
Just because something completely ruins your argument doesn't mean it's fake.
We entered a recession before COVID because the tax cut didn't deliver on a single promise made of it.
Manufacturing was in a recession for all of 2019 because the tax cut didn't deliver on a single promise made of it.
It's not fake news just because it ruins your day.
We achieved budget surpluses 20 years ago even though spending grew by 33% during Clinton's term.
Yes, we had budget surpluses from 1998-2001: https://www.taxpolicycenter.org/statistics/federal-receipt-and-outlay-summary
You said in 2001 that "surpluses mean we're overtaxed", and that's why you passed the Bush Tax Cuts which exploded the deficit to a record high 4 times in 8 years.
LMAO!
Deficits happen after you borrow money that you can't cover with revenue.
And ultimately, deficits are completely meaningless when it comes to the economy.
Deficits are a thing you like to make fake outrage over whenever a Democrat is in charge because you think your "fiscal conservatism" is responsible, when we both know it's bullshit, Conservatives don't care about the deficit, and don't understand the economy. You think screeching about the deficit makes you sound smart or informed, but really you just look like an asshole.
That's why the last three Republican Presidents have left behind a stinking economy in their wake that a Democratic President has had to clean up.
You're welcome.
Oh, he absolutely achieved a budget surplus.
You're the ones who got rid of that surplus.
Why'd you do that?
LMAO!
GDP in 1993 was 6.9T
GDP in 2001 was 10.3T
Clinton grew the economy by $3.4T, or about 50%
So is 6.9 > 10.3 in Conservatardia?
Why do waste your time on the too far gone?
Fifty years of failed trickle down voodoo and they still have no connected the dots as to why the USA has such enormous income disparity, has gone from number one in upward mobility to number thirty-something, used to be the home of "The Great Prosperity" due to the higher fairer tax rate, and the insane but now normalized "too big to fail" bull shit. They have been trained to idolize POS Reagan who began the destruction of the middle class.
I would never waste my time on such willful ignorance.
Completely fucking wrong, because Clinton only increased spending by 33% from 1993 to 2001.
Are you trying to pin the dotcom bubble burst on Clinton?
You realize the dotcom bubble burst was caused by the Capital Gains Tax Cut, which Republicans passed....
Here's Why The Dot Com Bubble Began And Why It Popped
...
We infer from the findings in this study that the volatility left, after controlling for every known determinant, reflects the influence of the 1997 capital gains tax rate cut. Stock return volatility was substantially greater after 1997. Furthermore, firms most affected by the rate reduction showed the greatest change in volatility. Specifically, non-dividend paying firms had a greater increase in volatility than dividend-paying firms and firms with large unrealized capital losses experienced a greater increase in volatility than firms with small unrealized losses.
...
https://www.businessinsider.com/heres-why-the-dot-com-bubble-began-and-why-it-popped-2010-12
You are talking out of your ass, dude.
LMAO! Wow you're dumb.
The crash happened in 2000, not 2001 you flaming idiot.
The Recession started in 2001, and it started in April 2001 which meant Bush the Dumber had two months to prevent it, but didn't.
That 2001 recession was over by October. GDP growth for 2001 was 1.9%, meaning even with 9/11 and the aftermath of the dotcom bubble, the economy still grew in 2001, so there's no excuse for the deficits and poor policy choices.
Deficits are directly related to revenues, which come from taxation.
Deficits may result in borrowing money, but that's not a bad thing if that money is being spent wisely on things like infrastructure or health care.
If it's spent on defense and tax cuts, then we have nothing to show for the debt we just incurred.
You promised the tax cuts would pay for themselves...they didn't.
You promised the tax cuts would create more jobs...they didn't.
You promised the tax cuts would lead to growth of "at least 3%"...the best you got was 2.85%, which was lower than Obama's best.
You promised the tax cuts would lead to increased investment...they didn't...instead, investment declined.
You promised the tax cuts would bring companies back to the US...it didn't and in fact, more companies LEFT the US like Harley Davidson and BMW.