No we did not. Prove how QE did anything to improve the economic conditions in 2009 through 2016.
I don't think the Fed is still using it. It wouldn't make sense. Do you have a link to support your claim?
Conservative Tax Cuts slowed the economy
- Thread starter LV426
- Start date
No we did not. Prove how QE did anything to improve the economic conditions in 2009 through 2016.
I don't think the Fed is still using it. It wouldn't make sense. Do you have a link to support your claim?
TOTAL LIE: OBAMA NEVER MANAGED OVER 2% ANNUAL GROWTH THREE YEARS RUNNING, EVEN THOUGH HE WAS COMING OUT OF THE GREAT RECESSION, WHICH MADE GROWTH MUCH EASIER.
ARE YOU SERIOUSKY CLAIMING THAT US ECONOMY WAS STRONGER UNDER OBAMA..WHO NEEDED $12 TRILLION IN PLAY MONEY INJECTED INTO THE ECONOMY TO MANAGE 1.6% ANNUAL GROWTH HIS LAST "TRIUMPHANT" YEAR....WHEN HIS POLICIES WERE IN FULL EFFECT.
Into the Night
Verified User
The basic fallacy here is one of redefinition. GDP is a combination of private productivity, government spending (THAT has to come from printing empty dollars, borrowing them, or taxing for them!), and export/import activity.
A better measure of economy is the rate at which wealth is being created. Bailouts that affect the GDP do not create wealth. All government spending must come from printing, borrowing, or taxing. It cannot create wealth. It consumes the wealth of others to do what it does.
The United States is organized as a federated republic. It has constitutions. These constitutions provide a stable predictability vital for any business. When government arbitrarily ignores elements of these constitutions, that predictability goes away. Businesses can no longer plan ahead. Their ability to create wealth is curtailed. This is what happened under Obama. Trump is predictable. He is supporting the Constitution of the United States (other than trying to outlaw bumpstocks). He has renegotiated trade treaties and removed a lot of oppressive regulations against business in the United States.
Businesses are coming back to the United States. Export trade has improved. Heck...we even sell rice and soy beans to CHINA now. We are exporting more and importing less. Unemployment rates are lower, not just for a select group, but for EVERYONE. Pay rates are going up too. These are real companies, creating real wealth. More cars are being built in the United States. We export more of them too. We export a lot of aircraft and refined oil products too. We make a lot of computer chips here too, and export those as well. Micron is building a new fab plant in Virginia. There's more transportation of goods happening too. More trucks, more and longer trains, and even air cargo services are expanding. They are all moving goods to market.
Lest we forget, under Obama, unemployement was high. One 'undesirable' business after another was being outlawed on purely arbitrary grounds. Those that remained were put under oppressive laws and fascist oligarchies, such as Obamacare, the Cash for Clunkers program, or the attempt to shut down the coal industry. Oh, and don't forget the nationalization of General Motors and a good portion of the health care industry. This is fascism, all under the slogan 'the New Normal'.
Those days are past. America is becoming great again. The days of Obama apologizing for America are OVER.
A better measure of economy is the rate at which wealth is being created. Bailouts that affect the GDP do not create wealth. All government spending must come from printing, borrowing, or taxing. It cannot create wealth. It consumes the wealth of others to do what it does.
The United States is organized as a federated republic. It has constitutions. These constitutions provide a stable predictability vital for any business. When government arbitrarily ignores elements of these constitutions, that predictability goes away. Businesses can no longer plan ahead. Their ability to create wealth is curtailed. This is what happened under Obama. Trump is predictable. He is supporting the Constitution of the United States (other than trying to outlaw bumpstocks). He has renegotiated trade treaties and removed a lot of oppressive regulations against business in the United States.
Businesses are coming back to the United States. Export trade has improved. Heck...we even sell rice and soy beans to CHINA now. We are exporting more and importing less. Unemployment rates are lower, not just for a select group, but for EVERYONE. Pay rates are going up too. These are real companies, creating real wealth. More cars are being built in the United States. We export more of them too. We export a lot of aircraft and refined oil products too. We make a lot of computer chips here too, and export those as well. Micron is building a new fab plant in Virginia. There's more transportation of goods happening too. More trucks, more and longer trains, and even air cargo services are expanding. They are all moving goods to market.
Lest we forget, under Obama, unemployement was high. One 'undesirable' business after another was being outlawed on purely arbitrary grounds. Those that remained were put under oppressive laws and fascist oligarchies, such as Obamacare, the Cash for Clunkers program, or the attempt to shut down the coal industry. Oh, and don't forget the nationalization of General Motors and a good portion of the health care industry. This is fascism, all under the slogan 'the New Normal'.
Those days are past. America is becoming great again. The days of Obama apologizing for America are OVER.
Obama's second term GDP growth average was 2.0%.
Obama's best quarterly GDP growth was 5.5%.
Obama's best annual GDP growth was 2.9%.
Trump has yet to beat the last two.
Job growth was better; the DJIA grew at a faster rate, revenues were up, deficits shrank, millions got health care.
All you've done is increase the federal deficit, the trade deficit, depressed revenues, and spent $30B buying the votes of farmer trash whose businesses you ruined. Oh, and you plunged manufacturing into a recession.
So, good work?
PostmodernProphet
fully immersed in faith..
lol.....I guess Obama must be a waaaay better president than Trump if he got 2.88 instead of 2.85....is that offset though by Obama's 1.6?......
Well, the point is that you lied.
The point is that Trump lied.
The point is that when it comes to details, you stop short.
The point is that Trump will be gone one day, but his stink will linger on you for the rest of your life.
PostmodernProphet
fully immersed in faith..
?????......I didn't lie......I quoted a web site that rounded both to 2.9........I guess if that is lying you made the same lie when YOU said Obama got 2.9.......I have no stink, except perhaps the odor of your posts.........
Right, it rounded. But that's not accurate, is it? Nor does it show Trump doing any better than Obama, does it?
Like most of what you post here once we scratch the surface, we find an open wound.
Don't try to fuckin' turn this back around on me just because you didn't bother with the details, you lazy asshole.
I guarantee that the moment Trump is gone, you're going to pretend you never supported him.
The tariffs have cost Cat 600 billion.
I don't give a shit; I never responded about that post you dumb fuck. Run along you miscreant. Life's too short to deal with worthless human excrement like you.
Yes you did you lying twat.
PostmodernProphet
fully immersed in faith..
LOL DUDE......the penis in your ear is 2.88 times larger than Trump's........
Nothing but lies. But then, you are one of the biggest dumb fucks in the forum so there is that.
LINK.
Into the Night
Verified User
GDP is not the economy.
Into the Night
Verified User
Nope. An outright lie. Caterpiller is doing well. They have not downsized or quit business. https://www.google.com/search?client=firefox-b-1-d&q=caterpiller+stock+price+history
Didn't say the quit or downsized fool.
Yeah....looks like the tax cuts slowed the hell out of the economy. Record Wall Street numbers....and what was that JOBS report just yesterday, this economy added DOUBLE the projected number. Record TAX COLLECTIONS after the tax cuts, yeah.....real slow. 1.9 GDP average like during the 8 years under Obama? Really? Obama was First in one thing......His administration is the 1st and ONLY administration to have never had a GDP growth index over 3% for a whole year.
Yeah.....THE PEOPLE simply can't believe their lying eyes and ears.
The economy is BADDDDDDDDDDDDDD, its about to crash and burn...that extra cash in your pocket is just an illusion, that high paying PERMANENT blue collar job is just an illusion (those jobs will never come back, unless Trump waves his magic wand...bingo, almost 10 million REAL JOBS created since 2016.Yeah....that "WEAKER" annual turn? That was still better than the average 1.9 under your social Marxist pal.
I say NOT BAD for someone that was spyed upon, Framed, falsely impeached, and attacked on a daily basis. Think what would be happening if you Marxist fascists on the left would stand up for your nation instead of your lost power base...….Trump has exposed the true nature of YOUR MARXIST party to the only people that really matter....THE AMERICAN VOTERS.
And You ain't seen noth'n yet. Its Barr/Durham time...……..
Ever wonder why the rhino Pierre Delecto…...decided to vote to impeach Mr. Trump? He has moral character? No? Just like the other 47 corrupt politicians......Romney was attempting to cover his own ass from being exposed in his dealings with KICK BACKS from the nation of Ukraine. It seems that Romney's campaign manager (J. Cofer Black) is also sitting on the board of the proven corrupt energy company Burisma…..things that make you go HUMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM!
Then of course you have the Pelosi family connection to UKRAINE corruption. No wonder she lost it last night.....the walls really are closing in on her and her left wing corrupt cohorts. Its Panic Time. I loved watching her facial tweaks during the speech....she literally almost stroked out on live tv....you can see the left side of her face drawing and twitching in red rage...even burning a hole through that ton of wrinkle make up....PRICELESS.
www.americanwatchtower.com/2019/10/04/mitt-romney-and-nancy-pelosi-have-ties-to-ukraine/
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Neither has Trump!
In fact, Trump has yet to top Obama's best annual and quarterly GDP growth. He also has yet to top Obama's best year of job creation.