now i just wish that bernie had gotten elected to cause nanci's heart behind those massive bags to fail.



"trump inherited the best economy in the last 37.25 years after a lunar new year that lands on a date ending in 2 according to the 3 metrics NYT found to make the case for this argument to make trump look bad"

This post was edited by thesnipa on May 3 2022 02:18pm

clinton, obama, and biden (fuck all of them) inheriting an economy in shambels from their republican predecessors? fact.
the former two stabilising the ship and leaving strong economies to their successors? fact.

adding some made up absurdities in order to mock the reporting of facts? hackery.

Clinton didn't inherit an economy in shambles, the early 90s recession was timed such that it cost Bush Sr. the election, but had already abated before Clinton was sworn in. Clinton was then lucky enough to preside over the period during which the freedom dividend after the end of the cold war and the peak earning years of the boomer generation coincided to create the greatest economy of our lifetime.

The economy was doing great under Trump until a white swan event killed it. Blaming Trump for the fact that covid triggered a recession is super disingenuous.

Side note 1: the Great Recession was caused by the economic sins stretching from Reagan through HWB and Clinton to GWB.
Side note 2: a large factor in Obama stabilizing the economy after the Great Recession was quantitative easing/money printing by the central banks, which is biting us in the ass right now and a big contributor to the post-covid surge in inflation, as well as the housing crisis.

This post was edited by Black XistenZ on May 3 2022 02:46pm

So we're going to forget that the 1980s happened, blame HW for a mild post-war recession, credit Clinton with a neoliberal economic boom in the 90s, and then blame Bush for the neoliberal bust that inevitably followed. We then credit Obama with a recovery so poor that it elected Trump, at which point Trump created covid and messed the whole thing up.

Bush problems were Clinton problems, Obama problems were Bush problems, Trump problems were Obama problems, and Biden problems are Trump problems.

Every one of those presidents passed the buck and made things worse.

Difference is I've been saying that for over a decade, and Goom actively insisted that Trump was fixing all the problems.



If Trump set us on a path to peace and it all crumbled less than a year after he left office, he didn't set us on a path to peace lol. Trump did more stimulus and printed more money than Biden. Did nothing to address supply chains. Did nothing to resolve legislative deadlock and made it actively worse to appease his base. Etc. etc.

Neither are totally responsible, but it's laughable to say that Trump set us on anything other than the same path we were on before. Biden's much of the same.

Clinton oversaw an era where the free market created acute economic bubbles of irrational exuberance that came crashing down immediately on his successor. Obama oversaw an era where the federal government created a chronic economic bubble of quantitative easing that would take over a decade to come crashing down. Biden's legacy has yet to be written but nobody in America expects it to be good. Yet even for the fed pumping ludicrous amounts of money into the economy, it was only limping along when Obama left office, and we were teetering on stagnation. Growth indicators and markets were flatlining. Not collapsing dramatically, not exploding. It was Trump's election that set off a period of actual growth, driven by deregulation and foreign competitiveness and confidence. Instead of markets being artificially propped up by funny money, we had so much productivity that metrics like shipping indexes were finding new highs. And all that ran into a brick wall of Covid, before Biden took over.

Obama inherited an economy in shambles owing in part to both Clinton and Bush policies, though Bush laid the groundwork for the recovery. Trump didn't inherit an economy in shambles, he inherited an anemic economy with a cancer growing in it, and he recovered the acute stagnation but didn't solve the long term fiscal irresponsibility of the fed. Biden inherited an economy that's chomping at the bit to soar again, but has been restrained by continued Covid, and what boom we could have enjoyed is going to be totally crushed under the weight of inflation and supply line crises that spell an impending economic collapse and recession. Would all the decades of feds spraying the money hose have caught up to our economy eventually? No doubt. But the covid policies have brought about ragnarok a generation early

where is your god now ?

you're misreading my post. i'm not blaming trump for covid 19 and its impact on the economy. sure, the massive death toll resulting from his mishandling of the pandemic, his measures benefiting big corporations and leaving regular people behind, are fair to criticise, but it's also fair to point out that such an event would have severely impacted the economy under ANY president. that's not the point here though. it is simply a fact that for decades, the party of "fiscal responsibility" has left behind struggling economies and ballooned deficits, while "freely spending other people's money socialists (lol)" kept stabilising it. i'm mocking the hacks who want to have their cake and eat it: blame democrats, call them irresponsible, fault them for a shitty economy, but also claim that their republican predecessors are not responsible for what happened to the economy under them, no matter how irresponsible and shitty, no matter how corrupt and selfish they were.

but hey, hacks gonna hack, right? i mean, you're a textbook example really...

This post was edited by fender on May 3 2022 03:04pm

You're talking about a sample size of 3 (while conveniently ignoring the mess that Reagan inherited from Carter btw), with 2 of those 3 data points coming down to bad luck/timing (HWB's early 90s recession and Trump's covid recession).



More to the point: HWB didn't leave behind a struggling economy and ballooned deficits - he left Clinton a recovery which was already in full swing and a deficit which was only still ballooned by the aftermath of a war which had already ended, i.e. that deficit was bound to decrease anyway.

Moreover, the "spend other people's money" solution to the Great Recession - which took place during the Obama years - is partly responsible for the present-day inflation woes, as are the pervasive lockdowns and covid restrictions which disrupted global supply chains and production and which were championed the most by liberals and lefties.

This post was edited by Black XistenZ on May 3 2022 03:08pm