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Old January 20th, 2018, 07:52 AM   #21
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Originally Posted by imaginethat View Post
Quiz: What do 2011, 2012, 2013, 2014, 2015, and 2016 have in common?

The Repubs controlled the House, where spending originates!!!
I agree. Its also when the spending slowed down the most.QE stopped and sequestration happened. All of which is when the "Obama" economy started actually making any small gains.
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Old January 20th, 2018, 08:37 AM   #22
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He, he, great recovery, 1.58% annual economic growth rates and Obama ended his tenure at 1.6%, despite an unprecedented $14 trillion in fiscal and monetary stimulus.

$14 trillion is more than the GDP of the world's second largest economy, China.
How in hell do you come up with $14 TRILLION dollars in stimulus ??
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Old January 20th, 2018, 09:25 AM   #23
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He, he, great recovery, 1.58% annual economic growth rates and Obama ended his tenure at 1.6%, despite an unprecedented $14 trillion in fiscal and monetary stimulus.

$14 trillion is more than the GDP of the world's second largest economy, China.
Hmm.I think you have some numbers skewed.We do figure the cost of the stimulus was around 4.5 trillion. We had about a 14 trillion dollar economy when Obama took office.

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With one incredibly mundane sentence, the Fed unwinds its monumental $4.5-trillion stimulus plan
https://qz.com/1083084/the-fed-unwin...stimulus-plan/

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Can a $100 billion stimulus save a $14 trillion economy?
Can a $100 billion stimulus save a $14 trillion economy? | Columbus Ledger-Enquirer
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Old January 20th, 2018, 10:13 AM   #24
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How in hell do you come up with $14 TRILLION dollars in stimulus ??
$9+ trillion in fiscal stimulus and $5+ trillion in monetary stimulus.
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Old January 20th, 2018, 10:15 AM   #25
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Originally Posted by guy39 View Post
Hmm.I think you have some numbers skewed.We do figure the cost of the stimulus was around 4.5 trillion. We had about a 14 trillion dollar economy when Obama took office.


https://qz.com/1083084/the-fed-unwin...stimulus-plan/


Can a $100 billion stimulus save a $14 trillion economy? | Columbus Ledger-Enquirer
Deficit spending is by definition stimulus spending.
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Old January 20th, 2018, 10:54 AM   #26
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Obama added how much in debt in his eight years? Add on the monetary easing, and all he managed was 1.55% average growth. On nearly $9 trillion added to the national debt, with quantitative easing behind that as well.

Perhaps you expect things to change too fast? The deregulation of banks led to an economic crisis in the US and Europe. Europe has regained its strength and the economy of the US has improved. It took time for that to happen.
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Old January 20th, 2018, 11:15 AM   #27
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I agree. Its also when the spending slowed down the most.QE stopped and sequestration happened. All of which is when the "Obama" economy started actually making any small gains.
Why do you call it the Obama economy? He did not cause the economic crash. The deregulation is tied to Reagan and Greenspan who was wrong to believe the deregulations were a good thing.

I really wish we had a computer simulation of our economy if the crisis had been handled differently. It would also be fun to replay the Obama administration without an economic crisis. For sure all that spending would not have happened if previous wrongs had not made the spending necessary. The economic period was not created by Obama but this one is.

You know it is kind of like having a baby, it takes time to get results of an earlier action.
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Last edited by Athena; January 20th, 2018 at 11:37 AM.
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Old January 20th, 2018, 03:01 PM   #28
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Why do you call it the Obama economy? He did not cause the economic crash. The deregulation is tied to Reagan and Greenspan who was wrong to believe the deregulations were a good thing.
That is a bunch of assumptions. You skipped through the Clinton years entirely.
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I really wish we had a computer simulation of our economy if the crisis had been handled differently. It would also be fun to replay the Obama administration without an economic crisis. For sure all that spending would not have happened if previous wrongs had not made the spending necessary. The economic period was not created by Obama but this one is.
The current economy was not created by President Obama. Presidents do not create economy's. Policy and other factors can affect economies. The uptick during President Obama's term began when a GOP congress was elected. It up ticked more when QE stopped and when sequestration began. The stock market and the accelerated hiring has now happened because business sees this as a better atmosphere due to current policies, to have business growth. The numbers do not lie.

Stocks surge as investors cheer corporate tax cut - Dec. 18, 2017

https://www.theguardian.com/business...-business-live

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You know it is kind of like having a baby, it takes time to get results of an earlier action.
Not really. The economy can react to policies that is enacted by government, either through taxation or regulation in a very quick manner.

Last edited by imaginethat; January 21st, 2018 at 07:53 AM.
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Old January 21st, 2018, 06:23 AM   #29
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That is a bunch of assumptions. You skipped through the Clinton years entirely.
The current economy was not created by President Obama. Presidents do not create economy's. Policy and other factors can affect economies. The uptick during President Obama's term began when a GOP congress was elected. It up ticked more when QE stopped and when sequestration began. The stock market and the accelerated hiring has now happened because business sees this as a better atmosphere due to current policies, to have business growth. The numbers do not lie.

Stocks surge as investors cheer corporate tax cut - Dec. 18, 2017

https://www.theguardian.com/business...-business-live


Not really. The economy can react to policies that is enacted by government, either through taxation or regulation in a very quick manner.

You are funny. You skipped over the Reagan years and the erroneous idea that deregulation is a good thing. At least you are not giving Trump credit for our improved economy because you said presidents do not have this power. But, I still have deep concerns about how his policies will affect our economy and standing in the world.

The stock market is like watching a troop of chimps who have their moments of excitement and then their moments of being calm. It is much too influenced by emotions and speculations. And I have to say, if all the business folks are making things good now and they could have done so in the past but just chose not to, I would like them to know I think their lack of patriotism and willingness to make things good for everyone, is shameful. Absolutely shameful!

Last edited by imaginethat; January 21st, 2018 at 07:53 AM.
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Old January 21st, 2018, 10:17 AM   #30
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Exactly what jobs are returning to the US? Lately the unreported news is informing us that the Carrier plant in Indiana....yes, the one Trump gave stacks of money to keep jobs in America...is outsourcing all of their production to Mexico: https://www.yahoo.com/news/factory-t...014002348.html
A couple of years back, we learned that Obama's much bragged about increase in employment was low wage-no benefits-part time and casual or contract work: https://www.nytimes.com/2014/04/28/b...paid-ones.html

So, once the capitalist bubble has inflated to maximum proportions and is only running on hot air and increased debtload, what happens next?
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