what? you forget your meds today? the dow was at 6K when he took over you clown.. The banks were bankrupt. Do you have any idea how much worse that is than even now???
you clearly don't even understand math or the economy..
upper right corner cabinet.. you meds are probably sitting right there..
thanks,

LOL WHAT???????????????? So Obama enacting safeguards vs the very financial institutions that CAUSED the global economic meltdown is "bad policy and shitty regulations"???

I bet you think Trump's Coronavirus stimulus response is better??? Keeping the economy safe = helping the economy.

What are your opinions on all of these big corporate bail outs trump is overseeing? Do you have anything of value to add??

6k to 19k DJIA (a key trump metric) under Obama = 217%.
19k+to 29k at its highest point under trump = 53%


MATH? Of course this doesn't taken into account the term length. But now, lets compare that (keep in mind this is quite a simple example)

6k to approx 16.5k (2009-2013) Under Obama = 175% in the 4 yrs
Trump's would still be the same. BUT, I am not even including the current conditions with Covid (both presidents now had to deal with a crisis so I am even skewing the results in Trump's favour and it STILL COMES NOWHERE CLOSE!!!)

Unless I am in a different universe, 175% growth is better than 53%?

Modern economics

Raise taxes during good times, build reserves so you can spend during bad times to stimulate the economy

Republican economics

Lower taxes during good times, allow deficit to go out of control. Ride the good times until it crashes and then blame Democrats. When Democrats get in make sure they can't spend to support the economy and yell about the deficit you created.

Calm down, Fido.

The income isn't the problem, the spending is.



Bill Clinton repealing Glass-Steagal is what caused the recession along with more Democrat affirmative action mortgage loan policies. The banks passed the debt on to workers because that is what always happens.

This post was edited by EndlessSky on May 21 2020 04:59pm

It's that the income and spending are out of sync with where they should be during economic cycles.

When times are good we should raise taxes and lower spending, but instead you have Republicans lowering taxes and raising spending so they can chase even higher numbers. Literally exactly what Trump has been doing the last 3 years.

Then when we crash, i.e the time we should raise spending and lower taxes you get Republicans griping about the debt, and as a result taxes go down but since there's economic hardship spending can't and shouldn't go down. Literally exactly what happened under Obama.

This post was edited by Thor123422 on May 21 2020 05:10pm

I don't understand what goes through these people are not seeing? This is not just in the US, in Canada, and most countries with central banks. Why is it that people can say socialism is bad because it promotes people being lazy whereas corporate bailouts (another form of socialism) is fine? Corporations are allowed to overreach and run inefficiently because they know Govs nowadays will bail their failures out on the backs of Taxpayers and unlimited borrowing from the future. This is absolutely insane on ALL levels of the political spectrum.

Also, trump and the current GOP are not republican or conservative by any means necessary. Anyone who says thinks they are would be lying to themselves.

Wait, so you blamed Bill Clinton for repealing a regulation designed to protect consumers and the financial institution integrity/structure but then criticize Obama for re-enacting protections saying it stifles economic growth...?!?!

Is this for real?????

Also, Bill Clinton left office in 2001! 6-7 years!!!!!????? What is with you people and projecting?? Trump has been in office for 3 years and still blames Obama!!


This post was edited by Budgeting on May 21 2020 05:15pm

If the spending was lower we would be running a surplus. Everything else you just said is that brainwashing your 4th grade teacher jammed into your head.