Republican majorities will save the day!

Hawkeye10 said:
Earl has an other problem, threadbanning.

Its an admission of weakness.
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Oh my, some of these thread ban lists are longer than the threads. I think some of the names are not even current posters. If I see my name on a thread ban list, I do not even bother reading the thread. It becomes meaningless to me.
 
Walt said:
First off, we entered a recession in February of 2020, so there was something else going wrong. How bad that recession would have been without Covid is anyone's guess, but it would have happened with or without Covid. Then there was the extremely odd Repo market failures in 2019, where almost all the major corporations in America ran out of cash-on-hand at the same time. That is not a good economy, but honestly no one is quite sure where the failure was there. Finally, there was the oil market failure, where oil prices went negative. This has forced the oil industry to payback investors, a damage to the market that will go on for generations.



trump definitely caused the oil market failure, and probably caused the Repo market failure. It is reasonable to blame him for the underlying recession, the recession that would have happened without Covid. trump is not responsible for Covid, but is responsible for the response to Covid. If you think his response was great, he deserves the credit, but if you do not think his response was very good...
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1) the repo market is the fed, not the Oval Office
2) oil price drop followed, did not lead, the decline in demand when half the country stopped driving to work and all the country stopped driving for pleasure due to the covid shutdowns.....
3) there was no underlying recession that preceded the covid shutdown.....
 
PostmodernProphet said:
the repo market is the fed, not the Oval Office
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The Repo market is not supposed to be either. It is supposed to be a private sector market. The Fed did have to step in to basically hand out money, or our entire economy would have collapsed, but that does not explain why almost all our major corporations ran out of cash-on-hand at the same time. The best guess is that there was extreme stimulus when the economy was overloaded, which is 100% trump's fault.

PostmodernProphet said:
oil price drop followed, did not lead, the decline in demand when half the country stopped driving to work and all the country stopped driving for pleasure due to the covid shutdowns.....
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The private sector is not allowed to collude to set oil prices. They cannot meet and agree how much to reduce supply to keep prices reasonable. The only entity allowed to do that is the white house. For some reason, trump told everyone to keep producing at full throttle even the demand had collapsed. This caused the biggest market failure anyone has seen in a hundred years. It will not be forgotten for generations.

PostmodernProphet said:
there was no underlying recession that preceded the covid shutdown.....
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In February of 2020, we crossed into recession. Covid had not taken hold yet, so that was a pre-Covid recession. It was masked by the Covid recession, so we do not know how bad it would have been.
 
PostmodernProphet said:
???....what food shortages under Trump?.....
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At the beginning of the pandemic, there were supply chain problems along with panic buying that caused worse food shortages than anything we have seen recently. I am surprised you do not remember.

This reminds me of when Giuliani claimed there were no terrorist attacks while Bush was President. I knew memories of 9/11 would fade, but never thought that Giuliani would be the first to forget.
 
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