New York Times, article says economy was setting records before pandemic.

[Moot]

So why doesn't Trump rule like a Democrat and strengthen Obamacare and veto the tax cut?

He's Joe out of the box.

He's not very out of the box, he's only peeking through the crack in the folded top.

Because Trump doesn't care about the country or political parties...he only cares about himself.

 

[joko104]

Lack of regulation is what caused the recession in the first place. An unregulated economy booms until it busts. A regulated economy prevents dramatic busts at the cost of dramatic booms. And even with Trump's deregulation, the growth rate of the economy still slowed. How do you explain that? It was growing more quickly under Obama, and as soon as Trump was elected, the growth rate began tapering off.

It is GOP dishonesty that crows about "Trump's economy." It has been growing steadily since 2010. Once Trump took office, that growth continued at a slower rate. Once the pandemic hit, it crashed back to recession levels. This is nothing to brag about.

The cause was Democrats in Congress demanding banks give loans and mortgages to anyone and everyone - whether they could afford it or not - claiming not doing so is racist and economic discrimination.

 

[lwf]

The cause was Democrats in Congress demanding banks give loans and mortgages to anyone and everyone - whether they could afford it or not - claiming not doing so is racist and economic discrimination.

Democrats didn't demand this. Banks need no government coercion to give loans to people who can't afford them. It was Republican refusal to regulate this behavior that caused the recession.

 

[eohrnberger]

In other words wait for what your media says. Then believe that.

I think you are projecting.

 

[Exquisitor]

Because Trump doesn't care about the country or political parties...he only cares about himself.

Well, he'd be doing alot better if he didn't cut revenue.

Just think, a trillion more dollars a year in the President's pocket, but no, he's got to do the Reprobate thing.

Trump is nothing but insanity.

At least the senile old man is sane.

 

[Cardinal]

So here is a interesting article In the New York Times. They refer to a recent release of information from the U.S. Census Bureau. The number of people below the poverty rate in the U.S. fell 1.3% from 2018 levels last year to 10.5%, a record low since the government began keeping track in 1959. For blacks the poverty rate fell 2%, 1.8% for hispanics, 2.8% for asians, 2.6% for single moms, 3.6$ people with disabilities 2.6% for people without a high school diploma. The report and the NYT article also reported that income levels rose for blacks, hispanics and women between 3 to 5 thousand dollars on average.

Most people vote their pocket book! Why would you believe Joe Biden would do better than what we saw under Trump's economic policy?

The easiest answer to that question is that in order for to even have a chance of returning to that economy, first we have to control the pandemic. Since Trump's method of handling the pandemic is to ignore it, and since Biden will execute a timely and orderly rollout of a vaccine when it's available, then we know that it will be Biden who will most likely return us to the economy of before.

Now that doesn't mean that Biden will successfully return the economy to normal, but what we know is that Trump won't (and cant) return the economy to normal.

Note: I'm not interested in gas lighting so if you try it I'll ignore it.

 

[Taylor]

What kind of game do you think you're playing here? Are you pretending Obama didn't inherit an economy that was deep in the worst recession in recent history?
Cut it out.

That's your excuse for cherry-picking data?

 

[Taylor]

There was a recession in 2009 thanks to the policies of the previous president. Obama fixed it. Trump is now attempting to take credit for it.

Ah, I see. Every job loss during the Obama admin was Bush's fault, and every job gain was the result of Obama "fixing" things. You guys are funny.

 

[Bullseye]

What happened to 2009?

Nothing - it came between 2008 and 2010 - as expected.