How long will it be before Biden screws up the US economy

[vegas giants]

I accepted this a month ago. But then you never do pay attention.

Tell me more about voter fraud. Lol

 

[Lord of Planar]

Tell me more about voter fraud. Lol

Why? You will just deny anything I say like always.

 

[vegas giants]

Why? You will just deny anything I say like always.

Not me. Over 40 judges so far.


HAHAHAHAHA

 

[Integrityrespec]

To begin with Biden should look really good. The economy will be operating under the low taxes and fewer regulations President Trump put in place. In addition shortly we will have a china virus vaccine, and all business will start up again. Business should enjoy a boom.

But then if he can manage it Biden will put in place his abusive taxes and regulations, and cause another depression. If he had any sense at all, he would leave things alone. But Im sure with his screwed up left wing thinking, that big government needs to control every aspect of citizens lives, he will screw thing up.

ONE DAY ONE!!!!! It's all starts on day one. He is going to EO the country into poverty. What ever the Congress can't pass, (if the republicans hold the Senate), Joe will try to use executive fiat to put into place. His spending is going to drive the country into the ditch, his tax hikes are going to cost jobs as businesses lay off workers. His promise that nobody making under $400,000 will see a dime of tax hikes is just a lie. He has already outlined plans to raise gasoline taxes upwards of 40+ cents a gallon. That tax will impact lower income families more severely than the wealthy and of course break Joe's promise of no tax hikes. Other fees, taxes, and licenses will also contribute a substantial rise in cost of daily activity.

 

[vegas giants]

ONE DAY ONE!!!!! It's all starts on day one. He is going to EO the country into poverty. What ever the Congress can't pass, (if the republicans hold the Senate), Joe will try to use executive fiat to put into place. His spending is going to drive the country into the ditch, his tax hikes are going to cost jobs as businesses lay off workers. His promise that nobody making under $400,000 will see a dime of tax hikes is just a lie. He has already outlined plans to raise gasoline taxes upwards of 40+ cents a gallon. That tax will impact lower income families more severely than the wealthy and of course break Joe's promise of no tax hikes. Other fees, taxes, and licenses will also contribute a substantial rise in cost of daily activity.

I guess you think the gop senate will support this.

Then your problem is with them

 

[Integrityrespec]

Evidently, you have no vision for the future and are just interested in what helps you now.

Here is what happens with tax cuts and how it affects us all (you included)

Under Trump, we are almost at the same level of debt that we were in WW11

View attachment 67306582

Here is what will happen if we continue to allow the debt to grow as the same rate as is seen under Trump

View attachment 67306583

and here is what it means to each and every one of us.


View attachment 67306584

You seem to be ignoring that huge jump under Obama. The problem isn's so much tax cuts, which is just letting keep more of the money they earn, but more and more spending is the problem. The government calls a reduction in the percentage of increase in expenditures a cut in spending. The solution is less wasteful spending, a balanced budget.

 

[Hamish Howl]

ONE DAY ONE!!!!! It's all starts on day one. He is going to EO the country into poverty. What ever the Congress can't pass, (if the republicans hold the Senate), Joe will try to use executive fiat to put into place. His spending is going to drive the country into the ditch, his tax hikes are going to cost jobs as businesses lay off workers. His promise that nobody making under $400,000 will see a dime of tax hikes is just a lie. He has already outlined plans to raise gasoline taxes upwards of 40+ cents a gallon. That tax will impact lower income families more severely than the wealthy and of course break Joe's promise of no tax hikes. Other fees, taxes, and licenses will also contribute a substantial rise in cost of daily activity.

Projection is a terrible thing.

 

[Bullseye]

To begin with Biden should look really good. The economy will be operating under the low taxes and fewer regulations President Trump put in place. In addition shortly we will have a china virus vaccine, and all business will start up again. Business should enjoy a boom.

But then if he can manage it Biden will put in place his abusive taxes and regulations, and cause another depression. If he had any sense at all, he would leave things alone. But Im sure with his screwed up left wing thinking, that big government needs to control every aspect of citizens lives, he will screw thing up.

Right after he lowers his right hand on Jan 20, 2021.

 

[vegas giants]

Right after he lowers his right hand on Jan 20, 2021.

Blame the GOP

 

[Integrityrespec]

I guess you think the gop senate will support this.

Then your problem is with them

The problem is with whoever offers the legislation and brings it for a vote and then votes for it. With the new wind and solar initiative you are going to see new taxes on these energy sources. If Joe kills fossil fuel then he has to replace billions of dollars in gasoline tax to pay for highway improvement and maintenance.

 

[vegas giants]

The problem is with whoever offers the legislation and brings it for a vote and then votes for it. With the new wind and solar initiative you are going to see new taxes on these energy sources. If Joe kills fossil fuel then he has to replace billions of dollars in gasoline tax to pay for highway improvement and maintenance.

Yes clearly you think the gop will pass this. You seem very worried about them

 

[Logical1]

In 4 years we need to remember that the stock market is at 30,000 and gas is at $2.00, at the end of President Trumps term.

I wonder where they will be in 4 years?

 

[vegas giants]

In 4 years we need to remember that the stock market is at 30,000 and gas is at $2.00.

I wonder where they will be in 4 years?

The market will be much higher

 

[Jack2aTee]

Seriously how do you deal with people who are willing to lie through their teeth about stuff that is public knowledge to blindly defend an authoritarian regime?

It's hard. You have to do it with patience and just back up your position with cold hard facts. The rest is up to them. Trump, OTOH is a totally different breed of animal. I don't think a Jericho III could penetrate that cement block sitting on top of his shoulders.

 

[Lovebug]

To begin with Biden should look really good. The economy will be operating under the low taxes and fewer regulations President Trump put in place. In addition shortly we will have a china virus vaccine, and all business will start up again. Business should enjoy a boom.

But then if he can manage it Biden will put in place his abusive taxes and regulations, and cause another depression. If he had any sense at all, he would leave things alone. But Im sure with his screwed up left wing thinking, that big government needs to control every aspect of citizens lives, he will screw thing up.

China, it is all about China. Or was it Russia?

 

[Bullseye]

China, it is all about China. Or was it Russia?

China gave Hunter hundreds of millions of dollars - 10% went to the “Big Guy”. Guess who that is?

 

[Integrityrespec]

I listened to a liberal economic guest on fox today talk about what a bad state of affairs the economy is in. This after another 265,000 new jobs in November and the unemployment rate falling more down to 6.7 I believe. More jobs and lower umemployment at the fastest rate on record and he talked about how bad the numbers are. Democrats just don't know how to give credit to anyone from the other sides success.
Joe will wreck the progress we have made towards getting to were we were before Covid and of course he and the democrats will say it's all because of Trump.

 

[dncc]

And again you would be wrong. Off the farm at 18 I went to the Navy, and was taught electronic. Thanks to the Navy electronics training I got a 47 year long job at IBM. My wife and I are basically living the American dream. I retired at 70. We down sized to a 2 bedroom townhome, and are still putting money into savings that of course means stocks. And thanks to President Trump's great economy, we have seen our investment increase dramatically. That is why I dont want Biden to screw up my situation with his high tax and abusive regulation BS!!!!!

The DJIA did much better under Obama than it did under Trump.

 

[Geoist]

It's good that you note Trump had the economy booming.

We don't live under a command economy. I've said on DP for years, whether under Obama or Trump, that the president has little impact on the whole economy (at least under normal circumstances when they don't dictate to the fed chair).

It's incorrect that you claim the Fed lowered interest rates while it was booming.

Trump spent every week pushing Jerome Powell to lower interest rates until he finally did it. Trump thought the economy would boom forever under his policies. Then again this is the same moron who bankrupted a casino and started a mortgage company at the height of the housing bubble.

 

[Jay59]

The DJIA did much better under Obama than it did under Trump.

Obviously. He was able to get in at the bottom. Investing 101 says that is the optimal time. It's much harder to make money when things have been going well for a while.

We don't live under a command economy. I've said on DP for years, whether under Obama or Trump, that the president has little impact on the whole economy (at least under normal circumstances when they don't dictate to the fed chair). Trump spent every week pushing Jerome Powell to lower interest rates until he finally did it. Trump thought the economy would boom forever under his policies. Then again this is the same moron who bankrupted a casino and started a mortgage company at the height of the housing bubble.

We can agree that the president has much less impact on the economy then most of the public believes.

Most of an administrations impact is either short term ripples or very long term due to structural changes. The 2017 tax reform was such a structural change. There was a short term package attached for marketing purposes, but the real impact was to bring our tax laws in line with the rest of the industrial world. The impact on export has been substantial. Trade policy is another structural change. Trump signed a long series of favorable trade treaties.

It's fine to say President have little impact, because most things they do merely affect timing. However, it is possible for an administration to tune the engine, which is what the Trump administration accomplished.

 

[bluesmoke]

We don't live under a command economy. I've said on DP for years, whether under Obama or Trump, that the president has little impact on the whole economy (at least under normal circumstances when they don't dictate to the fed chair).



Trump spent every week pushing Jerome Powell to lower interest rates until he finally did it. Trump thought the economy would boom forever under his policies. Then again this is the same moron who bankrupted a casino and started a mortgage company at the height of the housing bubble.

The one person who does have the most impact, however little, would be the president and, arguably, the Fed chair. But the people don't hold the Fed chair or anybody else responsible like they do the president. Hence, the prez takes credit or blame for the economy. That is how it does and should work. That is how the prez is graded. Like it or not. However right one might be about how little impact the president as a single individual can possibly have on an ongoing economy impacted by many prior yrs of legislation and activity, and the unfairness of current political opposition committed to demise of the prez, that is the reality.

 

[rickc]

Well if the question is when will the right wing start blaming Biden for problems with the economy I would say right away.

Republicans are gearing up to become deficit hawks once again. Whatever stimulus it takes to get us over the coronavirus economy will certainly be blamed on Biden.

Trump has always used the stock market as a barometer of the economy. There is no connection between the stock market and the real economy. The stock market has been propped up by the fed during this whole downturn.

No one in their right mind believes the real economy is in good shape with 12 million people unemployed, unemployment insurance running out, evictions about to start, small businesses that can't operate profitability in the present environment, small businesses closing,, commercial property leases not getting paid, both business and personal bankruptcy looming. This is a good economy?

 

[bluesmoke]

While I disagree on your first point, the second point is probably true. Hopefully Biden doesn't bone it up.

Since when, and how, is the prez not held accountable? If not the prez, then who? Nobody? Clarity, please.

 

[Manc Skipper]

I listened to a liberal economic guest on fox today talk about what a bad state of affairs the economy is in. This after another 265,000 new jobs in November and the unemployment rate falling more down to 6.7 I believe. More jobs and lower umemployment at the fastest rate on record and he talked about how bad the numbers are. Democrats just don't know how to give credit to anyone from the other sides success.
Joe will wreck the progress we have made towards getting to were we were before Covid and of course he and the democrats will say it's all because of Trump.

Not keen on reality, even in tiny doses? Sucks to be a gopper

 

[Metric Mouse]

Since when, and how, is the prez not held accountable? If not the prez, then who? Nobody? Clarity, please.

I guess I was not arguing that the president is nor or should not be held accountable, only that they may not ultimately be responsible.