Can You Imagine How Badly It Might Have Gone If Trump* Had Been Elected In 2008?

P

PoliTalker

Diversity Makes Greatness
Just think of it. The economy was in dark ominous trouble, teetering on the edge of a great cliff, poised to either be saved by responsible stewardship or be sent hurtling into the deep deep abyss of total systemic collapse.

The seriousness of the situation could hardly be overstated.

We were saved.

President Obama skillfully guided us through an amazing recovery no one thought possible during 2009. He brought us back from the brink. We owe him the ultimate debt of gratitude. None of the successes of late would be possible without President Obama's wise and mature leadership.

The stimulus totally worked. It would have worked far better and faster had it been greater. Twice the size would have been most excellent, we can now see in hindsight. That was the time to run a big deficit. The economy needed it, desperately needed the kick start. America needed it.

Times were very tough. Many had already been thrown into bankruptcy and ruin. Lost homes, lost equity, lost jobs, lost everything.

We were so lucky to have such a skilled and patient hand to lead us back from near desolation. Trump would never have done that. Not a chance. It would have been wrong, wrong, wrong austerity all the way.

We faced a depression. We really did. We were so close it was scary. Most people have no idea just how bad it was.

Can you imagine what would have happened if irresponsible 'You all just got a lot richer' Trump* had been elected then?

With all his misplaced immigrant hatred and trade wars?

It could have been the new dark ages.

Good thing we had the master Obama Presidency to rebuild before 'The Apprentice' came waltzing down the golden plastic escalator.

*Really* good thing.
 
Loving91390 said:
Obama only cost us $10 trillion ! And gave us unaffordable healthcare .....
Click to expand...

I suppose that you don't think that the Bush tax cuts had anything to do with the $10 trillion, and what will the Trump tax cuts do to us????? Apparently many voters were upset about the repeal of the ACA, which was a factor in the Democrats taking the house.
 
We would have been out and growing again in 18 months or less. Obama like FDR too a bad situation and made it worse.
 
Trump would have made the opposite decisions of Obama and we would have recovered sooner

If it weren’t for the Fed the economy would have stalled more
 
Loving91390 said:
Obama only cost us $10 trillion ! And gave us unaffordable healthcare .....
Click to expand...

NO! He cost you a sore ass for 8 long years because he was a black man and a Democrat!

NEXT POLITICALLY MOTIVATED HATEFUL STUPID REMARK PLEASE!

AstonishingDistinctDipper.webp
 
PoliTalker said:
Just think of it. The economy was in dark ominous trouble, teetering on the edge of a great cliff, poised to either be saved by responsible stewardship or be sent hurtling into the deep deep abyss of total systemic collapse.

The seriousness of the situation could hardly be overstated.

We were saved.

President Obama skillfully guided us through an amazing recovery no one thought possible during 2009. He brought us back from the brink. We owe him the ultimate debt of gratitude. None of the successes of late would be possible without President Obama's wise and mature leadership.

The stimulus totally worked. It would have worked far better and faster had it been greater. Twice the size would have been most excellent, we can now see in hindsight. That was the time to run a big deficit. The economy needed it, desperately needed the kick start. America needed it.

Times were very tough. Many had already been thrown into bankruptcy and ruin. Lost homes, lost equity, lost jobs, lost everything.

We were so lucky to have such a skilled and patient hand to lead us back from near desolation. Trump would never have done that. Not a chance. It would have been wrong, wrong, wrong austerity all the way.

We faced a depression. We really did. We were so close it was scary. Most people have no idea just how bad it was.

Can you imagine what would have happened if irresponsible 'You all just got a lot richer' Trump* had been elected then?

With all his misplaced immigrant hatred and trade wars?

It could have been the new dark ages.

Good thing we had the master Obama Presidency to rebuild before 'The Apprentice' came waltzing down the golden plastic escalator.

*Really* good thing.
Click to expand...

Totally true. If Trump had to become president, now is the best time. At least he's able to mess up the economy in a time when we can afford it.
 
Celticguy said:
We would have been out and growing again in 18 months or less. Obama like FDR too a bad situation and made it worse.
Click to expand...

PoliTalker said:
Hello Celticguy,

Thanks for the laugh.

Do you imagine that austerity would have snapped the economy right back? Or was that only big talk from the Republicans in 2009 because they were talking from the sidelines...
Click to expand...

More proof that PoliTalker is just another liberal liar and hypocrite, with entitlement issues:

I like civil discourse. I will give you all the respect in the world if you respect me.
 
PoliTalker said:
Hello Celticguy,



Thanks for the laugh.



Do you imagine that austerity would have snapped the economy right back? Or was that only big talk from the Republicans in 2009 because they were talking from the sidelines...
Click to expand...

The BO/FDR approach produces extended recoveries. The right way does not. Historical fact.
 
PoliTalker said:
Just think of it. The economy was in dark ominous trouble, teetering on the edge of a great cliff, poised to either be saved by responsible stewardship or be sent hurtling into the deep deep abyss of total systemic collapse.

The seriousness of the situation could hardly be overstated.

We were saved.

President Obama skillfully guided us through the slowest recovery since the Great Depression. Blah blah blah blah blah blah blah blah I love Obama blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah Hail Obama blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah socialism rocks blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah nom nom nom nom mmmmmmm Obama blah blah blah blah blah blah blah blah blah
....
Click to expand...
.
 
Nordberg said:
Affordable for millions and care for millions who did not have it before. Bush caused that 10 trill. can you understand graphs? here is the economic one,.https://www.alternet.org/2019/12/th...esponsibility-has-been-completely-demolished/
Click to expand...

The ACA just created a price floor for private insurance. More people were covered, but that's because they were forced to buy. A lot of people who didn't have insurance before the ACA chose not to have it. There are a growing number of doctors that work outside of insurance, because neither they nor their patients want to deal with insurance anymore.

Thankfully, the mandate has been removed, so that will allow the market to normalize again.
 
PoliTalker said:
Do you imagine that austerity would have snapped the economy right back? Or was that only big talk from the Republicans in 2009 because they were talking from the sidelines...
Click to expand...

UCLA did a study that showed FDR's early policies actually lengthened the Great Depression. He dramatically changed many of his policies in the late 30s, and that's when things actually got better.

It's not that outright austerity is necessarily the answer, but quantitative easing isn't the answer either, nor are bank bailouts.

From Bush through Obama, we experienced a lot of corporate welfare that did not help economic growth.
 
Hello Celticguy,

Celticguy said:
The BO/FDR approach produces extended recoveries. The right way does not. Historical fact.
Click to expand...

How do you know those recoveries would have been shorter with different policy? You don't, because it is hypothetical and impossible to prove. Those were pretty severe economic events, not easily recovered from. This argument of the Republicans is only meant to tear down Democratic successes by finding any possible criticism.
 
PoliTalker said:
Hello Celticguy,



How do you know those recoveries would have been shorter with different policy? You don't, because it is hypothetical and impossible to prove. Those were pretty severe economic events, not easily recovered from. This argument of the Republicans is only meant to tear down Democratic successes by finding any possible criticism.
Click to expand...

Every recession that was treated in this way in every country around the world has behaved thusly. None that was treated as JFK did has a far shorter recovery. In this country the average including FDR was 18 months. Imagine the statistical impact of eliminating his would have.
You are the one suggesting we imagine what if, im just applying real world knowns which you ignore.
 
Trump did in 2017 what I argued Obama should have done in 2009.......lowered taxes on assets held by US corporations over seas........if it happened then we wouldn't have had an additional $10t in deficits and the recovery wouldn't have been the worst in US history.......we also wouldn't have destroyed the insurance industry.......
 
You must log in or register to reply here.
Back
Top