- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Would we be in a recession under a Trump second term?
Posted on 7/28/22 at 10:51 am to gobnugget
Posted on 7/28/22 at 10:51 am to gobnugget
quote:
At the end of 2020 our national debt was $26.9 trillion. Of that, Trump was responsible for $6.7 trillion. That's 25% created by Trump. A so called conservative. So, no. I dont think we'd be doing that much better.
How much of that was the COVID related stimulus....I mean hindsight is 20/20 but a once in a 100 year pandemic, I sort of have to give him a pass....we were doing great right up until spring 2020
Posted on 7/28/22 at 10:52 am to gobnugget
quote:
At the end of 2020 our national debt was $26.9 trillion. Of that, Trump was responsible for $6.7 trillion. That's 25% created by Trump. A so called conservative. So, no. I dont think we'd be doing that much better.
Funny that the Trump worshipers think of him as some kind of fiscal conservative and economic genius. He was not.
Posted on 7/28/22 at 10:52 am to Lsuhoohoo
He sure as frick wouldn't be weaponizing the IRS, sending green energy money out by the billions, and whining on TV about Putin.
Posted on 7/28/22 at 10:53 am to gobnugget
Now tell me WHO was responsible for these spending packages. What were these trillions used for?
quote:
On President Trump's first day in office (January 2017), the total debt load of the nation was $19.947 trillion.
So, over the course of a little less than 4 years, the United States added roughly $7.733 trillion in debt.
Just before the COVID-19 pandemic started in the United States, the national debt load of the country was $23.442 trillion. So, despite the relatively strong economy, the country had still added $3.5 trillion in debt.
Since the start of the pandemic, the nation has added an additional $4.24 trillion in debt, all over the course of 10 months. This number will continue to expand rapidly over the foreseeable future, as more stimulus is expected under President-elect Joe Biden.
This post was edited on 7/28/22 at 10:59 am
Posted on 7/28/22 at 10:53 am to Lsuhoohoo
Do you think this administration will get us out? I think it’ll be much worse so of course he’ll have that or worse to deal with
Posted on 7/28/22 at 10:59 am to Cosmo
Covid spending is the wafer thin mint. Nobody wants to accept that the QE for the last 10-12 years is the big culprit especially when it comes to inflation. We kept interest rates ridiculously low for the last 10 years because we wanted spend spend spend. Buy a new house, get a 60k truck....finance it all. Then take out Home Equity lines do an addition to the house, granite counters, wood floors. shite, take out the HELOC, buy that truck....the interest is cheaper and up until recently tax deductible. Wall Street was using cheap money for stock buy backs. Then comes Covid and the spending on that. Covid stimulus becomes the tipping point and then Putin invading Ukraine becomes the guy that feeds the mint to the fat man.
We would have probably started to feel the effects of inflation starting about now even without Covid if everyone on here had gotten Trump's and many other's wish to lower rates to zero 4 years ago. Probably not as severe as it is currently, but it was bound to happen.
We would have probably started to feel the effects of inflation starting about now even without Covid if everyone on here had gotten Trump's and many other's wish to lower rates to zero 4 years ago. Probably not as severe as it is currently, but it was bound to happen.
Posted on 7/28/22 at 11:00 am to Lsuhoohoo
quote:No. Consider the drivers.
Would we be in a recession under a Trump second term?
#1 => Oil. We'd be self sufficient
#2 => CV19 stay-at-home payments in 2021 would not have happened under Trump.
#3 => War in Ukraine would not have happened under Trump.
#4 => California port and trucking slowdowns might have happened, but not before Newsom got ripped a new one for incompetence.
Posted on 7/28/22 at 11:02 am to teke184
quote:
Would we have had a downturn? Yes, simply due to factors like inflation. Would it have been this severe? No, because Trump wouldn’t have done a lot of the stupid shite Biden did like cancelling Keystone which had a long term negative effect on the oil and gas industry.
Bingo. We have a recession and hyperinflation. Trump policies would have prevented hyperinflation. Gas would be under $2 and food prices would be similar to 2019, if not less
Posted on 7/28/22 at 11:03 am to Lsuhoohoo
Maybe not a recession by definition. The fuel situation, which invades every sector of the economy, wouldnt be nearly as bad.
We'd still be hurting though. Just nowhere near as badly and probably well on our way to some kind of recovery by now.
We'd still be hurting though. Just nowhere near as badly and probably well on our way to some kind of recovery by now.
Posted on 7/28/22 at 11:05 am to SlickRickerz
quote:
It’s exactly why Trump let the stolen elections occur. He couldn’t handle having a recession tarnish his legacy. Once he knew how fricked the country was going to be, he let the cheating occur, knowing the democrats will be known for this recession. He’ll come back, win, get this country back on track and strengthen his legacy even more.
Posted on 7/28/22 at 11:06 am to Lsuhoohoo
A lot of this for everyday consumer prices is built around increased fuel costs. Clearly Trump would have had us in a better place with domestic production than Biden does. On that alone being a big chunk hard to argue we’d be in the same place
Posted on 7/28/22 at 11:08 am to Lsuhoohoo
No, because gas would be cheap and that is more than half our problem.
Posted on 7/28/22 at 11:09 am to Lsuhoohoo
Supply chain issues would never have lasted this long under Trump. We’d be manning stuff here instead of depending on other countries. We’d have cars as far as the eye could see.
Posted on 7/28/22 at 11:17 am to Lsuhoohoo
Everyone slutted themselves out for $1200 for stimmy checks and look where that got us
It was not worth it at all
It was not worth it at all
Posted on 7/28/22 at 11:19 am to teke184
quote:
like cancelling Keystone which had a long term negative effect on the oil and gas industry.
How did stopping construction of a pipeline that had barely even started getting built have a negative impact on the industry? The US is currently producing over 12 MM barrels of oil per day, which matches our all time high of 2019. Domestic oil production is not the problem here.
Posted on 7/28/22 at 11:21 am to Lsuhoohoo
No.
Other questions:
-Would we have left Americans to die in Afghanistan?
-Would trannies be converting our youth?
-Would China and Russia be confident they can take over the globe?
-Would our cities be crime ridden cesspools?
-Would our southern border be a seive for criminals and drugs?
-Would we be wasting hundreds of billions on worthless climate initiatives and Ukraine?
-Would gasoline be 2x what it was?
Just a few off top of my head.
Other questions:
-Would we have left Americans to die in Afghanistan?
-Would trannies be converting our youth?
-Would China and Russia be confident they can take over the globe?
-Would our cities be crime ridden cesspools?
-Would our southern border be a seive for criminals and drugs?
-Would we be wasting hundreds of billions on worthless climate initiatives and Ukraine?
-Would gasoline be 2x what it was?
Just a few off top of my head.
Posted on 7/28/22 at 11:21 am to RobertFootball
quote:
We’d have cars as far as the eye could see.
Really? Trump was going to build chip factories, find all the raw materials, and have them fully operational in under a year?
Posted on 7/28/22 at 11:23 am to Lsuhoohoo
No. There wouldn’t be a war on petroleum.
We wouldn’t be sending 100b to Ukraine.
We wouldn’t be sending 100b to Ukraine.
Posted on 7/28/22 at 11:27 am to Cosmo
quote:Were that the cause, USD depreciation would be the result. It wasn't. It isn't.
It was inevitable the way they printed money during covid
The cause of inflation in this instance is not monetary devaluation. It is diminished supply in the face of baseline demand. The supply-driven premise centers on energy/oil.
Popular
Back to top
Follow TigerDroppings for LSU Football News