2024 Field
- Thread starter Jaw
- Start date
cajunrevenge
Well-known member
Allow me to pocket that one for about 3 years. But good on you for admitting Obama rescued us from the last recession!
Christ you’re quick on replies. Again, congrats on seeing that Obama’s policies got us out of our last recession!
cajunrevenge
Well-known member
At the end of just about every 8 year Presidency in recent memory there was an economic downturn, except Obama....
Lol!!! Look at the quantitative easing during Obama's time and look at Trump's time before Covid. Poor wording on my part but quantitative easing is never completely at zero in this country any more.
cajunrevenge
Well-known member
Trump wanted quantitative easing during his term long before the pandemic. He was against it during Obama's years. The point is what I have predicted from the start of Trumps term, he wants to make a series of short sighted moves to super charge the economy to brand himself as economic jesus to win re-election.
The fact is Trump got very little easing backed up by this article here. We didn't start using QE at a large scale until March 2020 which backs up what I said.
Obama's economy ran on it.
https://www.thebalancemoney.com/wha...ber 2008,banks for their reserve requirements.
cajunrevenge
Well-known member
It doesnt make sense to do QE when the economy is good. The point is that he wanted it anyways.
Nothing says re-elect my guy like stating he actively wanted to do something you think was bad for the economy but wasn’t able to do so.
It's not bad if done in short spurts. We're doing too much as of late.
I'm just making the point that there was a huge difference in between the two economies. One was done by pouring funny money into the economy and the other was done by good ole fashioned capitalism. Which one do you prefer?
cajunrevenge
Well-known member
https://www.huffpost.com/entry/trum...cial&utm_source=Facebook&utm_campaign=us_main
Watchdog group is going to challenge Trump when he announces based on the 14th amendment. Indont expect it to work but it will be fun seeing MAGA tears over it.
Watchdog group is going to challenge Trump when he announces based on the 14th amendment. Indont expect it to work but it will be fun seeing MAGA tears over it.
nsacpi
Expects Yuge Games
Federal deficit:
2015 $442 billion
2016 $585 billion
2017 $665 billion
2018 $779 billion
2019 $984 billion
was also headed higher in 2020 even before covid hit
even before covid that doesn't look like a sustainable path...far from it
Lots of one time military expenditures because the Obama admin left it in such poor shape. The tail winds forming in Q4 19 were strong. Then something happened…
cajunrevenge
Well-known member
Lol. Military spending was over 4% of GDP for 5 years under Obama. Was never more than 3.8% under Trump. The highest spending years under Trump were equivalent to the lowest spending years under Obama.
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Two thoughts:
1) That’s bull****.
2) If all 4 of your years in office include “one time expenditures” then it ceases to be one time.
The lack of military spending during Obama's time was unsustainable too. Our enemies caught up with us technology- wise (in some areas higher) during this time. Catch-22.