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

[walrus]

It's cycles Brock. Anything Trump does is only going to be seen on a longer timeline. He has been President two years only. Plus I fully anticipate another global meltdown and I am not going to cry too much about it.

If US interest rates do keep going up it's going to blow things up. There are trillions of dollars of corporate/business debt in other countries denominated in dollars. If those loans start failing due to the dollar going up due to interest rates then it's going to cause big problems. Then everybody will be saying that the great economy of the late 2010s was actually illusory. And it is really. Heading for ten years into an economic expansion, rock bottom interest rates, first-in-history combination of low interest rates and high unemployment, previously central banks have always started banging rates up and creating recessions once unemployment hits 5%. This time because the recovery has been so poor they've kept them low and we now have less than 4% unemployment and everybody is talking about how strong the economy is. Well it isn't. It's still fragile as hell and it won't take much to fuck things up. We should have 4-5+% growth at this point in the cycle with these conditions and we can't crack three without cutting taxes and blowing the deficit up. And the US is currently running trillion dollar deficits in the middle of it. Just wait till the next recession.

U r almost good at pretending you know what u r talking about

[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.

[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

[brocktonblockbust]

Kirkland's middle name at Birth was "quantitative easing to Infinity"

[Kirkland Laing]

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

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

What are these ten better possibilities?

[brocktonblockbust]

#PorklandLaing

Bacon Boy

[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

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

What are these ten better possibilities?

Ten, dude I said thousands

[walrus]

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

[Kirkland Laing]

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

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.

[Kirkland Laing]

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

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

What are these ten better possibilities?

Ten, dude I said thousands

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

[Kirkland Laing]

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.

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.





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?

[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.

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.





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?

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

[Kirkland Laing]

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.

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.





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?

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

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.

[walrus]

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

[Kirkland Laing]

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

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?