Obama to Trump: you'll never get 3% growth. We got 3.9% now!

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Originally Posted by Kirkland Laing

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Originally Posted by walrus

If Kirkland knew what he was talking about he would bring up the true possible economic disaster with our fed raising rates and that is interest paid on the national debt. As the rates goes up, so does the interest we pay on our 20 trillion dollar national debt you know, the one Obama’s campaigned on saying it was an outrage when it was around 9trillion when Obama took office. Thanks Barry.

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Every Democratic president since before Reagan has reduced the deficit, in Obama's case by a dramatic percentage despite inheriting the greatest economic collapse since the Great Depression. Every Republican president since Reagan has dramatically increased the deficit. Reagan trebled the national debt. Trump has slashed taxes (with nearly 90% of the tax cut going to the top 1%, the lowest 25% of earners get a $60 a year tax cut, Warren Buffeet got $30 billion) and is now running trillion dollar deficits in the middle of an economic expansion.

Let's see what you actually know about debt and deficits and this potential great disaster for America. This could be a teachable moment. Have a look at the graph.

https://fred.stlouisfed.org/graph/fredgraph.png?g=k8cZ



Firstly, how come America is paying much less in interest on the debt compared to the end of the nineties, a time when Bill Clinton and the Democratic congress turned a then record deficit inherited from the GOP into an actual surplus with the entire national debt projected to be paid off by 2010, at a time when the current guy is running trillion dollar deficits in the middle of an economic expansion?

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https://extranewsfeed.com/who-is-bet...s-af24c0fd00b0 Wrong again Kirk

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Originally Posted by walrus

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Originally Posted by Kirkland Laing

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Originally Posted by walrus

I could lay down ten much better possibilities for economic meltdown for Kirk issue is I know I’m not always right. I think Kirkland reads kiplingers I’m more at investors business daily level

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I don't read anybody at all. If they're so smart why aren't they making money?

What are these ten better possibilities?

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Ten, dude I said thousands

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But you won't actually say what any of them are.

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Originally Posted by walrus

Oh I forgot everything Obama’s did wrong was bushes fault. Clinton didn’t balance shitz that was Newt Gingrich

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Long story short. Democratic congress and Clinton institute PAYGO rules and pass deficit reduction bill. GOP and Gingrich take power the following year and don't change the existing setup. In 2000 Bush wins and with the same Gingrich GOP congress scraps PAYGO and goes on the biggest unfunded spending spree in history, turning a first in a century surplus into a record deficit.

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Originally Posted by walrus

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Originally Posted by Kirkland Laing

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Originally Posted by walrus

If Kirkland knew what he was talking about he would bring up the true possible economic disaster with our fed raising rates and that is interest paid on the national debt. As the rates goes up, so does the interest we pay on our 20 trillion dollar national debt you know, the one Obama’s campaigned on saying it was an outrage when it was around 9trillion when Obama took office. Thanks Barry.

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Every Democratic president since before Reagan has reduced the deficit, in Obama's case by a dramatic percentage despite inheriting the greatest economic collapse since the Great Depression. Every Republican president since Reagan has dramatically increased the deficit. Reagan trebled the national debt. Trump has slashed taxes (with nearly 90% of the tax cut going to the top 1%, the lowest 25% of earners get a $60 a year tax cut, Warren Buffeet got $30 billion) and is now running trillion dollar deficits in the middle of an economic expansion.

Let's see what you actually know about debt and deficits and this potential great disaster for America. This could be a teachable moment. Have a look at the graph.

https://fred.stlouisfed.org/graph/fredgraph.png?g=k8cZ



Firstly, how come America is paying much less in interest on the debt compared to the end of the nineties, a time when Bill Clinton and the Democratic congress turned a then record deficit inherited from the GOP into an actual surplus with the entire national debt projected to be paid off by 2010, at a time when the current guy is running trillion dollar deficits in the middle of an economic expansion?

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https://extranewsfeed.com/who-is-bet...s-af24c0fd00b0 Wrong again Kirk

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Oh ffs. He's comparing 1970 dollars to 2016 dollars. And not taking into account the biggest economic meltdown since the Depression was dumped on 2008-dollar-value Obama to name one of dozens of bullshit claims/avoidances. This actually fooled you.

https://www.google.com/amp/s/www.bar...nts-1463197686

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Originally Posted by walrus

https://www.google.com/amp/s/www.bar...nts-1463197686

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So even that link says the economy does better under Democratic presidents than Republican presidents., just they claim not by as much as the study they cite.

And it's an undisputable fact that every GOP prez for over 50 years has increased the deficit while in office and every Democratic prez over the last half century has decreased the deficit while in office.

And Trump has cut more of those job killing regulations than every other prez put together. But there's no explosion in jobs, in fact there are less jobs being created under deregulationist Trump than under big government Obama. Why is that?

There are currently around 6 million job openings in America.....some of them there just aren't any candidates available in the US right now (there's 6.8 unemployed Americans but not many if any fit the requirements to do the available 6 million jobs), but hey I'm sure that one of these days you'll come to grips with how well Trump is doing.....oh you must be so happy ;)

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Originally Posted by El Kabong

There are currently around 6 million job openings in America.....some of them there just aren't any candidates available in the US right now (there's 6.8 unemployed Americans but not many if any fit the requirements to do the available 6 million jobs), but hey I'm sure that one of these days you'll come to grips with how well Trump is doing.....oh you must be so happy ;)

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https://fred.stlouisfed.org/graph/fredgraph.png?g=k9zc

Exactly what has Trump had to do with what you posted? There are less jobs being created under Trump than under Obama. He's been as successful at boosting job creation as he is at negotiating nuclear deals with foreign countries.

Also, too. Remember a couple of years ago you used to keep posting the same nonsense about how forty percent of the country was unemployed? I had to keep explaining it to you? Now you're convinced there's full employment.