Something wonderful is happening. And liberals are furious about it.

Darth Omar said:
I was trying not to be ‘situational’ about debt lol.

Trump’s approach is right: get the economy fired up first then go after the debt. If more people are working that means there are less people on food stamps and government assistance. At some point spending will need to be addressed but not before the economy has had time to fully recover.
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trump didn't do anything to take credit for.

Jared Bernstein, a senior fellow at the Center on Budget and Policy Priorities and former economic adviser to Vice President Joe Biden, dismissed any claims that President Trump is responsible:

Trump hasn’t legislated anything that would have any impact on the fiscal accounts, so it simply doesn’t make sense on the face it.
​

Instead, Bernstein told us, the cause of the drop in the debt is simple — the federal debt ceiling that has been in place since March 2017.

If you look at a plot of the total debt right now, it’s holding steady at the limit, because to go over the limit is unconstitutional. So you either have to engage in extraordinary measures or eventually default, and the latter is unimaginable so right now Treasury is engaged in the former. That is, they are delaying or suspending various payments that need to be made, particularly within some of their intra-governmental accounts… By those measures, they can hold the national debt where it is for a certain amount of time.
​

Eventually, Bernstein says, the debt ceiling will have to be lifted, and the payments that had been delayed will cause the national debt to increase once again.
 
Grugore said:
Sorry. We are discussing something that we have both experienced. We are both aware of what happened. I've lived through eight years of that damn half-breed porch monkey. It was pure Hell. Things are finally looking up, now that we have someone in charge who actually understands how the economy works. You can rant and rave all you want. Won't change a thing.
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Thanks for finally outing yourself for being the filthy racist we always suspected you were.
 
Grugore said:
Sorry. We are discussing something that we have both experienced. We are both aware of what happened. I've lived through eight years of that damn half-breed porch monkey. It was pure Hell. Things are finally looking up, now that we have someone in charge who actually understands how the economy works. You can rant and rave all you want. Won't change a thing.
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Goddamn these racist bitches are ignorant. :0)

.. and yeah bitch, it changes in November .. not a damn thing you can do about it.
 
Darth Omar said:
Debt is never a good thing but let’s add a little historical perspective.

Obama had the stimulus spending bonanza that began shortly after he came into office. I wasn’t here at the time but I’m confident there wasn’t a peep from Owl or other JPP lefties about the debt lol.

Regarding the economy generally, the recovery began in 2009, prior to the stimulus. Obama got help from the Federal Reserve and there’s nothing wrong with that—except for the fact Obama can’t take credit for Federal Reserve actions. Another point that gets lost is that market economies rebound by their very nature: when Obama came into office the economy was at rock bottom and there was only one way for it to go—it went up.

But subtract the Feds actions and the only conclusion one can fairly draw is that Obama’s *policies* led to the weakest recovery of the last 50 years or better. We could have had the ‘Trump economy’ well before the end of Obama’s first term—but for Obama’s policies.

That Obama would try and take credit for it now is both laughable and predictable.
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Who was responsible for the biggest recession in 50 years? What were the causes?
As you know economies don't turn around overnight and we are still riding the Obama economic crest.
Daffy came in and has been taking credit for it since day one.
Daffy has been replicating the conditions that brought about Bush Juniors record recession, or did you forget how that happened already, Darthy.
 
Grumpy said:
I'm not getting on Trump for the debt the lefties are. In fact the debt dropped 100 billion in Trumps first year. But the left will give the credit to Obama.
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Obama's policies were all that could affect the economy in Trump's first year, Grampy.
Have you noticed what has happened to the debt after that first year was up?
https://www.cbsnews.com/news/under-donald-trump-national-debt-tops-21-trillion-for-first-time-ever/
https://www.cnbc.com/2018/08/02/the-trump-administration-is-headed-for-a-gigantic-debt-headache.html
 
Leonthecat said:
Obama's policies were all that could affect the economy in Trump's first year, Grampy.
Have you noticed what has happened to the debt after that first year was up?
https://www.cbsnews.com/news/under-donald-trump-national-debt-tops-21-trillion-for-first-time-ever/
https://www.cnbc.com/2018/08/02/the-trump-administration-is-headed-for-a-gigantic-debt-headache.html
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I think you are wrong the markets reacted positively to having a business friendly president. But I don't expect you to agree.
 
blackascoal said:
Goddamn these racist bitches are ignorant. :0)

.. and yeah bitch, it changes in November .. not a damn thing you can do about it.
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This guy is in another thread talking about God and absolute truth. He’s just another phony Christian. Another one for the ignore bin.
 
Grumpy said:
I think you are wrong the markets reacted positively to having a business friendly president. But I don't expect you to agree.
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The markets are the most volatile and fickle element in the economy. They remind me of a flock of birds in a tree. Clap your hands and they all fly away in a wild panic only to return in a few minutes like nothing happened.

Obama repaired and built up the entire economy. The record breaking market gains were more of an indicator of what he had done, than a goal he had .
 
Leonthecat said:
The markets are the most volatile and fickle element in the economy. They remind me of a flock of birds in a tree. Clap your hands and they all fly away in a wild panic only to return in a few minutes like nothing happened.

Obama repaired and built up the entire economy. The record breaking market gains were more of an indicator of what he had done, than a goal he had .
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When will it cease to be Obama’s economy lol?
 
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