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re: Obama debt vs Trump dept comparison in 11 months
Posted on 12/11/17 at 2:09 pm to Cruiserhog
Posted on 12/11/17 at 2:09 pm to Cruiserhog
You need anger management counseling.
0
Posted on 12/11/17 at 2:09 pm to Seldom Seen
quote:
Seldom Seen
quote:
TRUMP inherited a MESS from Obama.
this is why no one takes you seriously, russian troll boy.
Posted on 12/11/17 at 2:40 pm to Cruiserhog
Posted on 12/11/17 at 2:47 pm to LSURussian
quote:
I despise Obama but during his first year in office starting in January, 2009, the U.S. economy was still coming out of the Great Recession. Unemployment was over 8%. The stock market reached its low point during the recession on March 9, 2009, less than 2 months after Obama was inaugurated. Federal tax collections were down.
So the "first 11 months deficit" comparison is fake news.
And he gave us all those shovel ready jobs and a burner phone
Posted on 12/11/17 at 3:30 pm to GumboPot
quote:
Same time period (first 11 months): Obama debt increase $1.459 trillion. Trump debt increase $594 billion
Not an Obama fan, I voted for and support President Trump, but serious question here and keep in mind that I am in no way an economist.
If Obama debt increased by $1.459 trillion and Trump debt increased by $594 billion, does that mean that Trump debt was actually $2.053 trillion + in his first 11 months?
Posted on 12/11/17 at 3:31 pm to GumboPot
Both those figures are deplorable and are amounts to be ashamed of. Whatever happened to fiscal responsibility? We used to talk about heady stuff like a balanced budget amendment, or at least the Bowles-Simpson plan.
That said, Obama gets a reprieve in his first year for the deficit. The economy was left in a horrendous recession thanks to the W. housing crisis, and furthermore Obama was factoring in the cost of the Bush Wars, which their namesake never did.
That said, Obama gets a reprieve in his first year for the deficit. The economy was left in a horrendous recession thanks to the W. housing crisis, and furthermore Obama was factoring in the cost of the Bush Wars, which their namesake never did.
Posted on 12/11/17 at 3:46 pm to ssgrice
quote:
If Obama debt increased by $1.459 trillion and Trump debt increased by $594 billion, does that mean that Trump debt was actually $2.053 trillion + in his first 11 months?
No that would not be accurate, that would mean the budget did not shift in the remaining 7 years of Obama’s term. He accrued a deficit increase in his first year because of the stimulus packages to went to bail out banks and car manufactures, a nessecary step to jump start the economy which was very successful over the next 7 years . Trump is still capitalizing on the economic success of the Obama adminstration since his administration has yet to pass its first budget. He does however claim create for job creation numbers in his first year , which has little to nothing to do with his own policy.
This post was edited on 12/11/17 at 3:59 pm
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