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re: Has a Democrat POTUS ever ENDED a recession by being elected and enacting Dem policies?

Posted on 8/22/19 at 7:06 am to
Posted by Loserman
Member since Sep 2007
23055 posts
Posted on 8/22/19 at 7:06 am to
quote:

FDR


FDR's policies extended the Great Depression by 6 to 7 years.
Posted by BestBanker
Member since Nov 2011
18968 posts
Posted on 8/22/19 at 7:19 am to
If there was one, wouldn't we all know of his glory? It would've been shouted from the highest rooftop. So, no.

Posted by whocares1
Member since Jun 2019
308 posts
Posted on 8/22/19 at 7:24 am to
quote:

He started a two year recession at least.


The economy was in recession when he took office. The recession "ended" during his first term. Not crediting him for bringing the economy out of recession, he was a terrible President, but he didn't start the fire.
Posted by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
135636 posts
Posted on 8/22/19 at 7:40 am to
quote:

Your argument is dumb.
Read some history.

Seems you mistook me for an FDR fan.
That kind of mistake is cleared up thru asking a simple question, i.e., "What do you mean?" Instead, you tossed out an uninformed response at someone whose knowledge you seem to have vastly underestimated.

Facts are what they are.
Those were laid out for you.
If you want to debate FDR's motivation and/or intent re: US entry into WWII, have at it.

In failing to simply say, "oh my bad, I thought you were taking a different stance", you walk yourself into a corner. You end up in a spot where facts definitively speak for themselves, and you're left saying "yeah, but the facts are dumb."
Posted by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
135636 posts
Posted on 8/22/19 at 7:43 am to
quote:

a bunch of southern tards who live in the worst state of the union by most all modern measures and blame everyone else for their shitty life
quote:

Welcome to the “no facts zone”
Irony
Posted by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
135636 posts
Posted on 8/22/19 at 7:45 am to
quote:

but he didn't start the fire
His "spread the wealth around" congressional cronies who insisted on terrible lending policy by Fannie/Freddie started the fire.
Posted by deltaland
Member since Mar 2011
100539 posts
Posted on 8/22/19 at 8:10 am to
quote:

Has a Democrat POTUS ever ENDED a recession by being elected and enacting Dem policies?
FDR


FDR policies actually caused the Depression to last longer than it should have.

I would say Obama did pull us out of 2008 crash. His economy sucked overall but technically we did get out of the recession
Posted by Godfather1
What WAS St George, Louisiana
Member since Oct 2006
87577 posts
Posted on 8/22/19 at 8:15 am to
quote:

Welcome to the “no facts zone”


Hurr, hurr, hurr

Sounded funnier in your head, I bet.

quote:

mettematt9


Who the frick are you again?

ETA: nvm. I see you’re an architect living in Austin. Your douchebag demeanor makes complete sense now.
This post was edited on 8/22/19 at 8:17 am
Posted by whocares1
Member since Jun 2019
308 posts
Posted on 8/22/19 at 8:21 am to
quote:

His "spread the wealth around" congressional cronies


If by "his", you mean the cronies that have been around for the past 25+ years, then I'll agree. The lead up to the housing crisis started way before he was around.
This post was edited on 8/22/19 at 8:22 am
Posted by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
135636 posts
Posted on 8/22/19 at 8:22 am to
quote:

I would say Obama did pull us out of 2008 crash.
By riding the horse W had saddled and ready?
What did Obama do to "pull us" out?
Posted by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
135636 posts
Posted on 8/22/19 at 8:25 am to
quote:

If by "his", you mean the cronies that have been around for the past 25+ years
~10yrs, dating to the Clinton Admin's emphasis on home ownership for less qualified borrowers.
Posted by Gaspergou202
Metairie, LA
Member since Jun 2016
14272 posts
Posted on 8/22/19 at 8:41 am to
The FDR got us out of the Depression myth.

Did FDR End the Depression?
The economy took off after the postwar Congress cut taxes
By Burton Folsom Jr. and Anita Folsom
Updated April 12, 2010 12:01 am ET
wsj.com

Let's start with the New Deal. Its various alphabet-soup agencies—the WPA, AAA, NRA and even the TVA (Tennessee Valley Authority)—failed to create sustainable jobs. In May 1939, U.S. unemployment still exceeded 20%. European countries, according to a League of Nations survey, averaged only about 12% in 1938. The New Deal, by forcing taxes up and discouraging entrepreneurs from investing, probably did more harm than good.

What about World War II? We need to understand that the near-full employment during the conflict was temporary. Ten million to 12 million soldiers overseas and another 10 million to 15 million people making tanks, bullets and war materiel do not a lasting recovery make. The country essentially traded temporary jobs for a skyrocketing national debt. Many of those jobs had little or no value after the war.

No one knew this more than FDR himself. His key advisers were frantic at the possibility of the Great Depression's return when the war ended and the soldiers came home. The president believed a New Deal revival was the answer—and on Oct. 28, 1944, about six months before his death, he spelled out his vision for a postwar America. It included government-subsidized housing, federal involvement in health care, more TVA projects, and the "right to a useful and remunerative job" provided by the federal government if necessary.

Roosevelt died before the war ended and before he could implement his New Deal revival. His successor, Harry Truman, in a 16,000 word message on Sept. 6, 1945, urged Congress to enact FDR's ideas as the best way to achieve full employment after the war.

Congress—both chambers with Democratic majorities—responded by just saying "no." No to the whole New Deal revival: no federal program for health care, no full-employment act, only limited federal housing, and no increase in minimum wage or Social Security benefits.

Instead, Congress reduced taxes. Income tax rates were cut across the board. FDR's top marginal rate, 94% on all income over $200,000, was cut to 86.45%. The lowest rate was cut to 19% from 23%, and with a change in the amount of income exempt from taxation an estimated 12 million Americans were eliminated from the tax rolls entirely.

Corporate tax rates were trimmed and FDR's "excess profits" tax was repealed, which meant that top marginal corporate tax rates effectively went to 38% from 90% after 1945.

Georgia Sen. Walter George, chairman of the Senate Finance Committee, defended the Revenue Act of 1945 with arguments that today we would call "supply-side economics." If the tax bill "has the effect which it is hoped it will have," George said, "it will so stimulate the expansion of business as to bring in a greater total revenue."

He was prophetic. By the late 1940s, a revived economy was generating more annual federal revenue than the U.S. had received during the war years, when tax rates were higher. Price controls from the war were also eliminated by the end of 1946. The U.S. began running budget surpluses.

Congress substituted the tonic of freedom for FDR's New Deal revival and the American economy recovered well. Unemployment, which had been in double digits throughout the 1930s, was only 3.9% in 1946 and, except for a couple of short recessions, remained in that range for the next decade.

Edit: Not Safe For School.
This post was edited on 8/22/19 at 8:47 am
Posted by Crimson Wraith
Member since Jan 2014
29332 posts
Posted on 8/22/19 at 8:48 am to
FDR prolonged the depression by 7 years per UCLA economists.

I've linked it on here numerous times
Posted by whocares1
Member since Jun 2019
308 posts
Posted on 8/22/19 at 8:50 am to
I would say that it goes back further, to when HUD was given the authority to set the mandates.
Posted by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
135636 posts
Posted on 8/22/19 at 8:55 am to
quote:

Let's start with the New Deal. Its various alphabet-soup agencies—the WPA, AAA, NRA and even the TVA (Tennessee Valley Authority)—failed to create sustainable jobs. In May 1939, U.S. unemployment still exceeded 20%. European countries, according to a League of Nations survey, averaged only about 12% in 1938. The New Deal, by forcing taxes up and discouraging entrepreneurs from investing, probably did more harm than good.

What about World War II? We need to understand that the near-full employment during the conflict was temporary. Ten million to 12 million soldiers overseas and another 10 million to 15 million people making tanks, bullets and war materiel do not a lasting recovery make. The country essentially traded temporary jobs for a skyrocketing national debt.
Yep
quote:

His key advisers were frantic at the possibility of the Great Depression's return when the war ended and the soldiers came home.
But this part is creative writing.
Posted by BuckyCheese
Member since Jan 2015
57778 posts
Posted on 8/22/19 at 8:56 am to
quote:

Seems you mistook me for an FDR fan. That kind of mistake is cleared up thru asking a simple question, i.e., "What do you mean?" Instead, you tossed out an uninformed response at someone whose knowledge you seem to have vastly underestimated.



This is the question asked by the OP;
quote:

Has a Democrat POTUS ever ENDED a recession by being elected and enacting Dem policies?


Getting us into a war 8+ years into his presidency is not a Dem policy. The Dem policies he enacted/pushed post inauguration in 1933 prolonged the Depression.

Your argument remains dumb as it does not address the question asked by the OP.
This post was edited on 8/22/19 at 8:59 am
Posted by JohnnyU
Florida
Member since Nov 2006
12434 posts
Posted on 8/22/19 at 8:57 am to
This thread shows the blind ignorance of this forum. Obama inherited the great recession and shepherded the beginning of longest continuous economic growth in our country‘s history. It is Generally accepted that the economy does better under Democrats then it does under Republicans. Just Google it and you’ll see.
Both Bush presidency’s resulted in recession.

“The economy is in recession about 7% of the time under Democrats as compared to 28% of the time under Republicans. Republican presidents do tend to preside over lower inflation at least, but that is mostly to be expected given the generally more sluggish economic conditions during their terms.”
Posted by yatesdog38
in your head rent free
Member since Sep 2013
12737 posts
Posted on 8/22/19 at 8:58 am to
without TVA electricity would be more expensive and we wouldn't have some of the best fishing lakes in the world that provides 1000s of jobs.

Just sayin don't hate on TVA
Posted by DemonKA3268
Parts Unknown
Member since Oct 2015
21116 posts
Posted on 8/22/19 at 8:58 am to
quote:

Obama lifted a 40-year ban on oil exports and was president during one of the largest construction booms in US



bmy to Obama...
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11862 posts
Posted on 8/22/19 at 8:59 am to
Obama did not do one single thing to increase economic output. That was a decade of Janet Yellen's economy. It wasn't Obama printing money like the Europeans and Japanesse. The growth in debt exceeded economic growth every year from 2008 to 2016 and government spending went from 68% of GDP to 104%. Congress hasn't done anything to reduce this since 2017 but it's only projected to increase and additional 2% by 2020.

The Balance

Obama's administration and leadership led to 10 years of corpratism, money printing and stock buybacks, bloating corprate balance sheets to enrich executives. His economy left the most vulnerable worse off and increased wage and wealth disparities. What a progressive champion he was.
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