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Posted on 1/16/18 at 8:58 am to
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
97834 posts
Posted on 1/16/18 at 8:58 am to
quote:

The economy began this upward trajectory under Obama, but most on here never gave him credit. Now that Trump is president, he gets all the credit.



If we were at rock bottom how could it not go up
Posted by Erin Go Bragh
Beyond the Pale
Member since Dec 2007
14918 posts
Posted on 1/16/18 at 9:02 am to
quote:

I can't recall what he actually did but it obviously worked because the world is still here.

He rewarded political backers and the banks.

Would like to see a detailed accounting of the nearly one trillion dollars of stimulus money.
Posted by Y.A. Tittle
Member since Sep 2003
110887 posts
Posted on 1/16/18 at 9:06 am to
quote:

I keep waiting to hear a strong economy is racist. Surely someone will trot that line out.




Dude in the Dow 26,000 thread thinks it's only benefiting the top 1%.
Posted by Dale51
Member since Oct 2016
32378 posts
Posted on 1/16/18 at 9:07 am to
quote:

Economic numbers were inflated and fake under Obama.


The proof of the pudding is in the eating. Obama used fake, conveniently redefine terms to inflate both job numbers and deportation. Remember "Jobs created or saved."? How about changing what constituted a "deportation" from someone removed from the country to anyone turned away at the border? 'member those?...I 'member.
Posted by Dale51
Member since Oct 2016
32378 posts
Posted on 1/16/18 at 9:09 am to
Beat me to it.
Posted by Homesick Tiger
Greenbrier, AR
Member since Nov 2006
56145 posts
Posted on 1/16/18 at 9:09 am to
quote:

Dems are busy worrying about tranny bathrooms right now.


Like I've said before, the Dems are all about "social" government for the minority of citizens instead of the economic government of the majority - and it's getting considerably worse for the majority.
Posted by Dale51
Member since Oct 2016
32378 posts
Posted on 1/16/18 at 9:10 am to
quote:

If we were at rock bottom how could it not go up

Just like global warming!
Posted by BeefDawg
Atlanta
Member since Sep 2012
4747 posts
Posted on 1/16/18 at 9:17 am to
quote:

He rewarded political backers and the banks.

Would like to see a detailed accounting of the nearly one trillion dollars of stimulus money.

M2 money supply was ~$6 Trillion when the housing bubble burst.

Bush did around $1 Trillion of QE in his "Too Big To Fail" bailouts just before he left office.

Then Obama did ~$5 Trillion more QE over the next 4 years.

We are now at ~$12 Trillion in M2 money supply. They literally doubled the amount of dollars in circulation while artificially holding inflation at rock bottom.

Most financial experts have acknowledged that Obama put us in an incredibly dangerous inflation/interest rate/currency bubble purely to prop up his economy and make it appear like it was a good recovery from a huge recession.

What nobody has seemingly cared to ask, though, is where the frick the $6 Trillion new dollars are.

How did the middle class shrink during $6T of QE?

How did more people go on food stamps during $6T of QE?

How did the labor participation rate drop and more people than ever end up sitting on their couches rather than working during $6T of QE?

Obama bailed out around 900 companies and banks, nearly 15% of which still declared bankruptcy/defaulted and went out of business... after they paid their executive bonuses.

How many of those dollars made/are making their way back to Obama, his cronies, and other politicians?

Seriously, where the frick is all that money they printed out of thin air and allegedly infused into the economy?
Posted by Muthsera
Member since Jun 2017
7319 posts
Posted on 1/16/18 at 9:43 am to
The global financial cabal ate the American people alive during the GWB and Obama Presidencies. Manufacture a global financial crisis, then manufacture a solution that involves insuring trillions of dollars in losses. The Neo-liberal transformation of the Democratic Party had reached its apex - bankers and technocrats now ruled the world and government existed only in service to them. It was a gross perversion of 250 years of this country's history.

As much as I'd like to believe the Trump Presidency was the birth of a new era, I can't help but worry that the pig is merely being fattened for slaughter. That the market will crater at the end of 2019, be "rescued" by a Democrat Congress and willing GOP Senate and receive a dour Trump signature, and President Harris or Booker or Warren and their staff of 30 hedge fund execs will work hard to wring 4 years of blood from the American stone. And the sad part is there will be no opposition from Congress (Paul and Cruz maybe), nor from the media. The far left will go up in arms then be ameliorated with $15 minimum wage or an Equal Rights Amendment.
Posted by BeefDawg
Atlanta
Member since Sep 2012
4747 posts
Posted on 1/16/18 at 10:53 am to
quote:

As much as I'd like to believe the Trump Presidency was the birth of a new era, I can't help but worry that the pig is merely being fattened for slaughter. That the market will crater at the end of 2019, be "rescued" by a Democrat Congress and willing GOP Senate and receive a dour Trump signature, and President Harris or Booker or Warren and their staff of 30 hedge fund execs will work hard to wring 4 years of blood from the American stone. And the sad part is there will be no opposition from Congress (Paul and Cruz maybe), nor from the media. The far left will go up in arms then be ameliorated with $15 minimum wage or an Equal Rights Amendment.

It's quite possible this could happen.

However, the Collectivists are on the ropes right now incredibly confounded and disillusioned that all of their attempts to derail this train have failed. They are getting desperate and even the typically ignorant sheep are starting to recognize it because it's so outrageous and absurd.

We haven't even had a year of tax savings yet.

We haven't even begun to see corporate inversions flow back into the US yet.

We haven't even begun to see the repatriation of over a Trillion dollars yet.

We haven't even begun to feel the effects of fewer illegal immigrants siphoning healthcare resources and low skilled jobs yet.

We haven't even begun to feel the effects of thousands of fewer business stifling regulations yet (except in the stock market, but not the physical economy yet).

We are still stuck with bullshite high deductibles and insane out of pocket exposure from Obamacare. Once we finally get around to fully obliterating that monstrosity, and insurance companies get us back to reasonable premiums with reasonable out of pocket costs, it will be like everyone just got a pay raise.

We haven't even begun to see the effects of domestic energy deregulation, expansion, and a move towards independence and less foreign energy dependence.

97% of the Russell 3000 companies are leveraged at least 40% and contribute less than 10% of revenues to R&D. The corporate tax breaks are going to easily lower average debt and leverage by 10%-15% and shift 5%-10% to R&D, which means we are on the verge of an innovation boom in an economy borrowing significantly less credit.

These idiots want to tell us that trickle down is a myth and that the "rich just get richer", but they are talking out their arse and telling lies to fear monger and deceive people.

The market is on it's way to 30,000. And we may even get there before 2018 has ended. And we'll do it all while the bottom line is turning more black rather than red.

This is how bubbles are deflated. We are currently in an inflation/interest rate bubble, and if Hillary would have won and continued the Obama economic path, it would have undoubtedly burst before her term was over. We dodged a huge bullet and very likely saved our future's from certain ruin.

All we can do is keep trying to fight this fight.
Posted by HubbaBubba
North of DFW, TX
Member since Oct 2010
51728 posts
Posted on 1/16/18 at 11:32 am to
quote:

Yeah the economy is really good, BUT Is a line that doesn’t sell in presidential politics.
Maybe, but this sells:

quote:

"Which would you rather have? Raises, Bonuses, low unemployment, a strong economy, a growing retirement, lowered federal debt, reduced regulations, businesses and manufacturing returning in droves, a safer public welfare from stronger border security and a smaller federal government?

Or do you prefer laws that define racial and sexual differences as deserving of preferential treatment instead of equal treatment, lawsuits that reward and deepen social divisions, unrest in the streets, a White House that creates racial division through political activism by the Justice Department, reduced economic opportunities for U.S. citizens, stagnant economic growth, a weakened military defense and preferential treatment for law-breaking people that come into the US in an illegal manner?"


Pretty simple set of two questions, really.
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