Posted by lostnfound74 on 4/28/2022 9:14:00 AM (view original):
Posted by Jetson21 on 4/26/2022 3:16:00 AM (view original):
Posted by lostnfound74 on 4/26/2022 2:35:00 AM (view original):
Posted by wylie715 on 4/26/2022 1:58:00 AM (view original):
Posted by dahsdebater on 4/26/2022 1:22:00 AM (view original):
Posted by laramiebob on 4/25/2022 12:24:00 PM (view original):
"By the beginning of April, the economy had added 7.9 million jobs, and unemployment was close to a 50-year low at 3.6%. Meanwhile, the deficit is dropping: we should carve $1.3 trillion off it this year."
IF this economic trend continues and persists our current POTUS will go down in history as the finest POTUS in modern History-----------barring any dumbass decisions and sudden catastrophes (like Health issues, etc.).
One question for all you right-leaners............Has a Republican administration EVER managed to deliver a balanced budget?
Clinton (of all folks!!) did it.
And reducing the budget deficit is the fist step towards doing it again!!
That would be twice for the supposed "taxers and spenders" and squat/zippo/NADA for the Party that SUPPOSEDLY believes in fiscal sense.
When are (some) folks gonna figure out that they've been lied to now for DECADES by this allegiance of racists/TP-ers and anti-government (of ANY kind but their narrow view) neer-do-wells calling themselves Republicans.
DDE is rolling in his grave. Can't imagine what Lincoln would say to these losers like Trump, Jordan, Meadows, MTG, Gaetz, etc.
Probably *****-slap them!
Ok, I'm pretty sure I've said this before, but every time I see these claims I think they need to be called out. Talk about seeing the rosy part of the picture with a serious case of myopia...
Yes, Clinton balanced the budget. He did not cut spending. He marginally raised taxes. By far and away the leading factor in the Clinton balanced budget was increased tax revenue resulting from unsustainable economic growth, the result of economic deregulation and Federal policies that actively encouraged unsustainable market growth in a tech sector that wasn't particularly well-monetized at the time. Clinton didn't start deregulation (Reagan did), and W. continued it right until the Great Recession hit. Apparently the only administration that had even a vague notion that unsustainable economic growth would create a big bubble that would ultimately burst and hurt a lot of people was Bush I, but Clinton's administration was as culpable as any. Giving Clinton credit for balancing the budget, while at the same time being ready to criticize Bush for his economic policy, is blatantly talking out of both sides of the mouth. Those things are 2 sides of the same coin. During Clinton's presidency real GDP growth was about 4% per year. That's pretty good. Market growth was about 30% per year. That's a lot of taxable money coming from nowhere. Clinton doesn't deserve overly much credit for that.
Maybe he deserves credit, maybe he doesn't, but it did happen when he was in office, which is more than any other recent POTUS can say.
All well and good. Only thing I might argue is this. Since I came on the scene in 1945. America has never had a great recession. 2020 was a big hit, but everything on the DOW and NYSE came back and if you had held on, you would be ahead of 2 yrs ago.
There was a big market dip in 2018, 2016. 2008-9 and that was a harsh correction, and then the dot com bust in 00-1. Before that, the roughest ride was from 1970 to 1974 when stocks stayed in the tank for those 4 years. BUT, you still got the dividends. Before then, the biggest bear market was 1962 and it lasted for about 10 months. Early 80's hit us with huge interest rates, but the market came back.... Canadian banks stocks almost tripled from 1980 to mid 84, and their divvies were still ~ = 4% and that was less than 40% of earnings
There has been only one Great Depression, and my parents lived though it as did my grandparents. We have never had anything close to it. Thank God almighty for that
Can't say I am optimistic about 2023 though, with this nutjob running loose in Europe.
I seriously pray for Biden and the US Military and that Joe and his entourage will find the wisdom and courage to stand up to Putin and do so effectively. I think Pukin is nuts enough to hit the big button.. but so far, he is talking tough, to the rest of the world. Russia often would do that and then back off when it was time to step outside. That is the nature of a bully, and Russia imo is just that. Always has been, but they are MAGOG and their ultimate end will be total destruction. I am sad for it's citizens
Says 2008-2009 was a correction?
Gee wiz - I read a post from a man who can see but reads braille.
I have seen much worse times than that. I held some blue chips during that one. but the bear market was about a year. You could have bought MSFT for $20 bux, Home Depot for $22, and McD for $47. They are now at about $310 $330 and $250 a share. I am anything but blind.
Do you know what a bear market is? Do you know why they happen? Do you know what a correction is? 08 was a mix of both.
Your Obama clown bailed out Bank America with a multi billion plus gift.. What did they do? They paid their OUTgoing CEO over $ 35 million dollars. YOUR tax money at work, and oh yes, it is BAC that bought the disappearing stock of Wachovia. THEY (WACH) were laundering money.. Obama doesn't have an ounce of business sense in his head. A real man would have told then to sink or swim.
FORD, did not take a dime of bailout money. Their stock dropped to $1.02 a share in Nov 2008. You should have bought some. It was over $12 within 2 years, and with a divvy of around 4 percent.
I do wish I had bought Ford in that November fall
You are clueless. CLUELESS!
The 1929 CRASH was not a correction.
90% of the market was lost over 4 years.
And it started before the big crash.
It could not correct itself on its own.
It took the big brain people to bring in radical social and economic policies to save the market and maybe the country.
2008–2009 was the same and even worse.
Worse you question. How could that be.
1929 took 4 years. 2008 took 1 and a half years to sink 50% of the market and the remains was sinking like a rock in the ocean.
Again it took the adults and the big brain people to save the day. The brainless idiots wearing short pants with white sox and back shoes with their shorts and a beanie with a propeller on it we’re praying for Obama to tell them what to do before he even got into the White House.
It was a meltdown and no correction could come because the patient was on the death bed and vital signs and brain waves were about to expire.
The administration was trying band aids and prayer and witch doctors. The patient would soon be dead.
The firm of Obama, Biden and Associates did an immediate life saving operation and life saving therapeutics and the patient was saved and stronger then before and much better protected.
So think!
4/28/2022 7:06 PM (edited)