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Message
First in my lifetime
Posted on 12/4/24 at 8:22 pm
Posted on 12/4/24 at 8:22 pm
Historical data indicates that the US economy has often demonstrated stronger performance under Democratic administrations. While most here will dispute this perspective and chalk it up to fake news, the fact remains that in my life time, the two major economic downturns occurred during the presidencies of George W. Bush (the Great Recession) and Donald Trump (the Pandemic Recession). Furthermore, of the 11 recessions in the modern era, 10 commenced under Republican presidents.
Another note--throughout President Biden’s tenure, the US economy has shown resilience, notably outperforming all other countries in its recovery from the global pandemic.
This upcoming transition marks a unique moment, as it will be the first time in in most of our lives (40 and under) that a Republican president will take office during a recessive/challenging economic climate.
I look forward to seeing how this plays out.
Another note--throughout President Biden’s tenure, the US economy has shown resilience, notably outperforming all other countries in its recovery from the global pandemic.
This upcoming transition marks a unique moment, as it will be the first time in in most of our lives (40 and under) that a Republican president will take office during a recessive/challenging economic climate.
I look forward to seeing how this plays out.
This post was edited on 12/4/24 at 8:33 pm
25
Posted on 12/4/24 at 8:25 pm to The_Duke
quote:
first time in in any of our lives that a Republican president will take office during a recessive/challenging economic climate
If you were born after the early 80s.
Reagan took the disaster Carter left behind and made many citizens wealthy and happy.
Only Biden rivals Carter for bad decisions leading to crappy economies.
This post was edited on 12/4/24 at 8:28 pm
Posted on 12/4/24 at 8:26 pm to The_Duke
That’s why Biden was re-elected to a second term. The economy was so good.
Wait.
Wait.
Posted on 12/4/24 at 8:26 pm to The_Duke
quote:
I look forward to seeing how this plays out
No you don't. You look forward to spinning whatever result comes about to fit your narrative
Posted on 12/4/24 at 8:27 pm to TheHarahanian
I was born in '88. So no, did not see any of that.
I may have miscalculated the age of this board.
I may have miscalculated the age of this board.
Posted on 12/4/24 at 8:27 pm to The_Duke
Ronnie Reagan has entered the chat….dip shite.
Posted on 12/4/24 at 8:28 pm to The_Duke
Ease up on that kool-aid, Podna !
Posted on 12/4/24 at 8:29 pm to The_Duke
The whole dems have good economies and republicans wreck the economy is dumb. Yes, hurr durr even Trump tweeted that in that past.
Dems have good economies because they benefit from the clean up the republican did then they hand the next republican a ticking time bomb thanks to their horrible policies.
Dems have good economies because they benefit from the clean up the republican did then they hand the next republican a ticking time bomb thanks to their horrible policies.
Posted on 12/4/24 at 8:29 pm to retooc
quote:
No you don't. You look forward to spinning whatever result comes about to fit your narrative
After the first debate, I told my wife I was voting Trump. I couldn't stand the thought of that poor old man being forced to work 4 more years when he should be somewhere eating pudding.
Posted on 12/4/24 at 8:29 pm to The_Duke
quote:
Another note--throughout President Biden’s tenure, the US economy has shown resilience, notably outperforming all other countries in its recovery from the global pandemic
Throw out a bunch of C-Notes at a strip club and that micro-economy will be resilient as well. 
Posted on 12/4/24 at 8:30 pm to The Boat
quote:
The whole dems have good economies and republicans wreck the economy is dumb. Yes, hurr durr even Trump tweeted that in that past.
Dems have good economies because they benefit from the clean up the republican did then they hand the next republican a ticking time bomb thanks to their horrible policies.
That would make sense in this case with Trump taking over now, but then you'd have to look at the first Trump term.
That make no sense with Bush and Obama.
This post was edited on 12/4/24 at 8:31 pm
Posted on 12/4/24 at 8:32 pm to The_Duke
2008 recession was caused by policies under Clinton
The economy wasn't good under Obama. It was stagnant as frick.
The economy wasn't good under Obama. It was stagnant as frick.
Posted on 12/4/24 at 8:34 pm to The_Duke
quote:
but then you'd have to look at the first Trump term.
You mean PDJT had that Magic Wand that O said was impossible?
Posted on 12/4/24 at 8:35 pm to The Boat
The economic recovery under Obama should not be a debatable topic.
Everyone should agree that was a success.
Everyone should agree that was a success.
Posted on 12/4/24 at 8:36 pm to Speckhunter2012
quote:
ou mean PDJT had that Magic Wand that O said was impossible?
No, I mean you can't say the economy is bad because of the previous President and then not look at where we are currently.
Who was the previous President?
Posted on 12/4/24 at 8:40 pm to The_Duke
quote:
The economic recovery under Obama should not be a debatable topic.
Everyone should agree that was a success.
You are unserious.
Posted on 12/4/24 at 8:43 pm to TheHarahanian
quote:Crediting pols with the economy is dumb, no matter which side it is.
If you were born after the early 80s.
Reagan took the disaster Carter left behind and made many citizens wealthy and happy.
Only Biden rivals Carter for bad decisions leading to crappy economies.
Posted on 12/4/24 at 8:45 pm to LSUGrrrl
quote:
You are unserious.
He took over during the second worst recession in US history.
how is this even debatable? What metrics are you using?
Posted on 12/4/24 at 8:46 pm to The_Duke
As a retired economics professor and current financial guru and economist i want to know how you blame a recession that started in March of 2000 on Bush who was inaugurated in 2001?
Posted on 12/4/24 at 8:48 pm to Broke
quote:
As a retired economics professor and current financial guru and economist i want to know how you blame a recession that started in March of 2000 on Bush who was inaugurated in 2001?
The Great recession started in 2000? Idk what school you teach at.
Guessing you are referring the the Dot com bubble.
This post was edited on 12/4/24 at 8:50 pm
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