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re: If we have a recession- who will you blame?
Posted on 4/23/25 at 8:00 pm to SlidellCajun
Posted on 4/23/25 at 8:00 pm to SlidellCajun
quote:
Because the last recession was in 2022
Tell us when this recession ended, then. I need the month and year.
Posted on 4/23/25 at 8:03 pm to Riverside
quote:
you believe those numbers, then I have oceanfront property on Plank Road to show you.
Bring something to the table.
Show us info that contradicts.
Posted on 4/23/25 at 8:19 pm to Literallyhitler77
quote:True. I'm 46 and in my life watching our government function has been akin to watching actual retards have an absurdly competitive water balloon fight, where everyone wildly misses, before going out for ice cream together afterwards.
The past four years the past four years the past four years dude try the last 100.
This post was edited on 4/23/25 at 8:21 pm
Posted on 4/23/25 at 8:23 pm to SlidellCajun
The jobs and GDP numbers out of the WH the last year of Biden’s term were all revised downward after initial reporting. GDP in Q4 2024 was down to 2.4%. Exports and capital investments were all in the red, ie negative numbers. Government consumption accounted for 3.1%.
See for yourself.
LINK
This was not a fundamentally sound economy that Trump inherited.
See for yourself.
LINK
This was not a fundamentally sound economy that Trump inherited.
Posted on 4/23/25 at 8:29 pm to Bard
IAnything to avoid blaming Trump’s recklessness and hubris, right? This chaos was completely unnecessary…
Posted on 4/23/25 at 9:14 pm to RogerTheShrubber
quote:
Deficit by year 2008-Covid
quote:
2008: $1.6 trillion
2009: $1.8 trillion
2010: $1.3 trillion
2011: $1.5 trillion
2012: $1.4 trillion
2013: $1.6 trillion
2014: $1.7 trillion
2015: $1.8 trillion
2016: $1.9 trillion
2017: $1.9 trillion
2018: $1.9 trillion
2019: $1.9 trillion
2020: $3.1 trillion
2021: $2.8 trillion
If we 2 trillion dollar deficits for 15 years straight, we can do 2 trillion dollar surpluses for that long
Posted on 4/23/25 at 9:38 pm to SlidellCajun
The Demon Party of course.
Posted on 4/23/25 at 10:33 pm to Midget Death Squad
quote:
50+ years of corrupt politics, and specifically the modern left for creating this most recent disaster of an economy.
It started with Kissinger’s secret trip in 1971 and Nixon’s trip to China 1972. Those trips are what started us opening up trade with China. Then in 2001 Bush signing the Permanent Normal Trade Relations making them a full trade partner with low tariffs. Then later in 2001 we allowed China to join WHO. Congress should not have passed a permanent status act.
After China and the Soviet Union had disagreements about ideology and politics their trade slowed. Nixon probably thought it would hurt the Soviet Union if we became China’s #1 trading partner.
This post was edited on 4/23/25 at 10:37 pm
Posted on 4/23/25 at 11:55 pm to SlidellCajun
I keep seeing stories about democrat-controlled state and local governments having SEVERE budget crises (MD, WA, CA, CT, etc, just off the top of my head).
How about saving some blame for all those idiots who bankrupted their governments to pay for illegals just so they'd have more names for ballots to stuff?
How about saving some blame for all those idiots who bankrupted their governments to pay for illegals just so they'd have more names for ballots to stuff?
Posted on 4/24/25 at 12:18 am to SlidellCajun
Certainly the Biden administration (not Biden himself because he was a vegetable) would be the most relevant culprit. They have no excuse whatsoever, and a good case could be made that they did it intentionally - their end goal could be more easily realized with a devastated economic situation = always makes it easier for a totalitarian to take control.
Trump and Reagan are the only ones in half a century who have given a shite about economic sustainability.
Trump and Reagan are the only ones in half a century who have given a shite about economic sustainability.
Posted on 4/24/25 at 7:24 am to SlidellCajun
The central bank and both parties.
Posted on 4/24/25 at 7:40 am to SlidellCajun
There’s only one answer to this question. I don’t think anyone’s gotten it yet
Posted on 4/24/25 at 8:10 am to SlidellCajun
quote:Congress.
Let’s define a recession in simplified terms-
2 consecutive quarters with negative growth.
Coming into the election, the economy was a central topic. Some said we were in a recession already.
Trump was adamant that he would bring us a great economy. I watch a lot of CNBC who have guests on mentioning recession.
If we run into a recession (defined above), who gets the blame?
If we are in a recession, or enter one in future it is a direct result (with several contributing factors that can be blamed on consecutive Presidents) of deficit spending snowballing through inflation. I say it is a direct result because we are now a 70% based consumer (vs. mfg) economy.
Posted on 4/24/25 at 8:54 am to I20goon
There’s no evidence that we have been in a recession since 2022. Ie- trump did not inherit a recession
Posted on 4/24/25 at 1:10 pm to SlidellCajun
Biden and the Democrats.
They flooded the economy with ridiculous amounts of printed money to create the inflationary environment while they lied that it was "transitory". Then upon losing, they were "throwing gold bars off the Titanic" as they said. Just doing anything they could to bankrupt the country.
This was blatant corruption and lies.
They flooded the economy with ridiculous amounts of printed money to create the inflationary environment while they lied that it was "transitory". Then upon losing, they were "throwing gold bars off the Titanic" as they said. Just doing anything they could to bankrupt the country.
This was blatant corruption and lies.
Posted on 4/24/25 at 3:16 pm to Riverside
quote:
GDP in Q4 2024 was down to 2.4%. Exports and capital investments were all in the red, ie negative numbers. Government consumption accounted for 3.1%.
Not recession numbers
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