So much for the Trump economy:

McRocket said:
Why can't you read AND understand the entire post before you start typing?

I DO think Trump mishandled Coivd-19.
He should NEVER have allowed the lockdowns and taken every state/municipality to court whom tried (though you TOTALLY disagree with that).
That would have stopped the lockdowns before they began...and the 'Covid Depression' NEVER would have happened in America.
But - you are right - he tried to sit on the fence too much.

Now....

MY QUESTION HAS NOTHING TO DO WITH TRUMP OR BIDEN!!!

THIS IS A MACROECONOMIC QUESTION ONLY.

OKAY?

Last time...

True or false, please?

The 'Covid Depression' was caused by the lockdowns...period.
That means that when the lockdowns were lifted...the economy should automatically rebound back to near, pre-lockdown levels?

True or false, please?
Click to expand...

If you didn't have the "period" in there, I'd play.
 
McRocket said:
First - I despise BOTH Trump and Biden as POTUS.

True or false, please?

The 'Covid Depression' was caused by the lockdowns...period.
That means that when the lockdowns were lifted...the economy would automatically rebound back to pre-lockdown levels?

True or false, please?[/QUOTE

If only life was an either or decision, it is an open ended question, not a dichotomy

Covid caused the lockdowns, did you think people were anxious to get out there and circulate knowing a virus with no vaccines was spreading rapidly via social contact?
Click to expand...
 
BartenderElite said:
If you didn't have the "period" in there, I'd play.
Click to expand...

Okay...than what else caused the economy of almost EVERY, SINGLE nation in the Western world to crash the most in one quarter in their history(s) - ALL at the SAME time - if not for the restrictions from Covid?

The weather?

Trump?

What?
 
McRocket said:
Okay...than what else caused the economy of almost EVERY, SINGLE nation in the Western world to crash the most in one quarter in their history(s) - ALL at the SAME time - if not for the restrictions from Covid?

The weather?

Trump?

What?
Click to expand...

Why does that matter?

I'm not sure what point you're trying to make.
 
BartenderElite said:
Why does that matter?

I'm not sure what point you're trying to make.
Click to expand...

The question IS the point I am trying to make.

But you assume that there must be some Trumpbot-angle that I am trying to ram down your throat.

Forget it...you don't want to answer the question...fine.

Bye.
 
McRocket said:
Okay...than what else caused the economy of almost EVERY, SINGLE nation in the Western world to crash the most in one quarter in their history(s) - ALL at the SAME time - if not for the restrictions from Covid?

The weather?

Trump?

What?
Click to expand...

Why do you keep skipping the obvious, Covid caused it, did you think life was going to go on as normal when a killer virus with no vaccines or natural immunity was rapidly spreading thru social contact?

You had a number of Red States who didn’t lockdown, yet they suffered the same economic fate, how does that fit into your framing
 
McRocket said:
The question IS the point I am trying to make.

But you assume that there must be some Trumpbot-angle that I am trying to ram down your throat.

Forget it...you don't want to answer the question...fine.

Bye.
Click to expand...

I didn't assume that, or even think it.

Your question didn't really make sense. Just wanted some clarification.

See ya, I guess.
 
archives said:
Why do you keep skipping the obvious, Covid caused it, did you think life was going to go on as normal when a killer virus with no vaccines or natural immunity was rapidly spreading thru social contact?

You had a number of Red States who didn’t lockdown, yet they suffered the same economic fate, how does that fit into your framing
Click to expand...

1) And where is your link to unbiased, factual proof that ANY 'RED' state COMPLETELY ignored lockdowns THROUGHOUT and still suffered that same drop in GDP as other states did that locked down?
I GUARANTEE that no such link exists.


2) also...Sweden did not lockdown REMOTELY as much as America (though it did have some restrictions).
Yet their GDP rose during 2020...when almost every, other western countries fell.

sweden-gdp.png

https://tradingeconomics.com/sweden/gdp

united-states-gdp.png

https://tradingeconomics.com/united-states/gdp


There is just some of MY evidence that lockdowns/Covid restrictions DID cause the 'Covid Depression'.
 
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archives said:
”U.S. economy grew 5.7 percent in 2021 in rebound from 2020 recession”

“The U.S. economy grew last year at the fastest pace since Ronald Reagan’s presidency, bouncing back with resilience from 2020′s brief but devastating recession. GDP had shrunk 3.4 percent in 2020, the steepest full-year drop since an 11.6 percent plunge in 1946“

“The nation’s gross domestic product — its total output of goods and services — expanded 5.7 percent in 2021. It was the strongest calendar-year growth since a 7.2 percent surge in 1984 after a previous recession. The economy ended the year by growing at an unexpectedly brisk 6.9 percent annual pace from October through December, the Commerce Department reported Thursday.”

https://www.politico.com/news/2022/01/27/u-s-economy-grew-2021-2020-recession-00002678

News you won’t see on Tucker and Sean

And because I know the “but, but, but inflation” is going arise let me borrow from the news to explain demand pull inflation so even the wingers can understand it:

“The resurgence in demand was so robust, in fact, that it caught businesses off guard. Many struggled to acquire enough supplies and workers to meet a swift increase in customer orders. Shortages became especially acute for goods ordered for homes, from appliances to sporting goods to electronic equipment. And with computer chips in especially short supply, auto dealers were left desperately short of vehicles.

“Factories, ports and freight yards were overwhelmed and supply chains became ensnarled. Inflation began to accelerate.”

Least Biden won’t be lying like Donnie when he points out he did inherited a lousy economy
Click to expand...

This is an addition to tRump's crashed economy at not making America great again but putting the domestic and global economies at the brink of a complete second great depression scenario. Fortunately, the majority voter and uncorrupted electoral college and unhacked election this time in 2020 rose to the occasion at giving tRump and his lawlessly hacked in sewer mob the boot! The legacy of what tRump did to America in terms of a legacy of crap:

5 Ways the Trump Administration’s Policy Failures Compounded the Coronavirus-Induced Economic Crisis
The Trump administration’s failure to respond to the coronavirus pandemic and the subsequent economic fallout has exacerbated both crises in the United States.

The Trump administration’s failed public health response is mirrored by its failure to respond to the economic crisis, which has led to an economic fallout that sets the United States apart from other high-income nations.

With some 37.6 million Americans filing for unemployment insurance since the beginning of March and the official unemployment rate reaching 14.7 percent in April—a level not seen since the Great Depression—the American economy is in a disastrous state, with repercussions expected for years to come. The level of economic and public health pain that Americans are now experiencing, however, was not inevitable, but rather the consequence of a series of policy failures that started well before the coronavirus outbreak. The Trump administration’s past actions weakened the United States’ ability to respond to the pandemic, and its current actions continue to exacerbate the dual public health and economic crises. Although Congress was able to pass a series of stimulus measures that have blunted the economic pain for families, this relief happened in spite of the Trump administration, not because of it.

The weakness of the Trump administration’s economic response to the coronavirus crisis—much like the failure of its public health response—can be seen in comparison with the United States’ international peers. As demonstrated by the experiences of peer nations, a rapid and coordinated public health response could have contained the pandemic more effectively and reduced the mounting economic losses. Instead, it seems as though the United States is getting the worst of both: the highest death toll of any country and what will likely be the sharpest economic contraction in American history."
https://www.americanprogress.org/ar...mpounded-coronavirus-induced-economic-crisis/
 
archives said:
”U.S. economy grew 5.7 percent in 2021 in rebound from 2020 recession”

“The U.S. economy grew last year at the fastest pace since Ronald Reagan’s presidency, bouncing back with resilience from 2020′s brief but devastating recession. GDP had shrunk 3.4 percent in 2020, the steepest full-year drop since an 11.6 percent plunge in 1946“

“The nation’s gross domestic product — its total output of goods and services — expanded 5.7 percent in 2021. It was the strongest calendar-year growth since a 7.2 percent surge in 1984 after a previous recession. The economy ended the year by growing at an unexpectedly brisk 6.9 percent annual pace from October through December, the Commerce Department reported Thursday.”

https://www.politico.com/news/2022/01/27/u-s-economy-grew-2021-2020-recession-00002678

News you won’t see on Tucker and Sean

And because I know the “but, but, but inflation” is going arise let me borrow from the news to explain demand pull inflation so even the wingers can understand it:

“The resurgence in demand was so robust, in fact, that it caught businesses off guard. Many struggled to acquire enough supplies and workers to meet a swift increase in customer orders. Shortages became especially acute for goods ordered for homes, from appliances to sporting goods to electronic equipment. And with computer chips in especially short supply, auto dealers were left desperately short of vehicles.

“Factories, ports and freight yards were overwhelmed and supply chains became ensnarled. Inflation began to accelerate.”

Least Biden won’t be lying like Donnie when he points out he did inherited a lousy economy
Click to expand...

aaa-jpeg.910732
 
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2021 inflation highest in 40 years, December prices rise 7 ...https://www.washingtonpost.com › business › 2022/01/12
Jan 12, 2022 — December prices rise 7 percent compared with a year ago, as 2021 inflation reaches highest in 40 years. Officials within the Fed and Biden ...
 
archives said:
Why do you keep skipping the obvious, Covid caused it, did you think life was going to go on as normal when a killer virus with no vaccines or natural immunity was rapidly spreading thru social contact?

You had a number of Red States who didn’t lockdown, yet they suffered the same economic fate, how does that fit into your framing
Click to expand...

actually, by proving that extreme lockdown was ineffective.......and if anyone is overlooking the obvious, its those who don't recognize shutting down 50% of the economy is going to impact the economy regardless of WHY you shut down the economy.......
 
PostmodernProphet said:
sure, you don't understand why putting half the country out of work and having the government pay them to stay home would have an impact on the economy........
Click to expand...

:palm: Some peoples' chillun.

The pain from that is not over yet.

Especially now with the gas prices creeping towards Bush end-of-term levels, AKA highest ever.

RANT: They jacked the price of motor oil back when it was $110/bbl and never lowered the prices back after that.

That's BS! Grrr! It used to follow the price of oil, now it's just what they arbitrarily set, I guess.

Maybe because a lot more people don't change their own oil anymore? :dunno:

14 years them motherfuckers have been overcharging for motor oil.

/end RANT.
 
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